Chris Werme and Mike Boland - ERA Key Realty Services - Westborough



Posted by Chris Werme and Mike Boland on 3/31/2020

This Single-Family in Worcester, MA recently sold for $245,000. This Colonial,Victorian style home was sold by Chris Werme and Mike Boland - ERA Key Realty Services - Westborough.


27 Circuit Ave E, Worcester, MA 01603

Single-Family

$245,000
Price
$245,000
Sale Price

6
Rooms
3
Beds
1
Baths
Beautiful, Victorian Craftsman Colonial with newer roof, and fine hardwoods and crown molding throughout the house. Hardwood floors on all of the 1st and 2nd floors. Architectural detail adorns the entrance hallway of the house with beautiful scrollwork on the fabulous mirrored coat stand. A natural gas heating system drives steam to ornate radiators in each room. The dining room boasts fine boxed-wood paneling, and the Victorian fireplace draws your eye as soon as you enter the living room. The sun drenched kitchen contains a new gas stove, butler's pantry, and dining areas. Situated on a quiet residential street, yet close to shopping and restaurants on Park Avenue. Nearby Columbus Park provides a walking and recreational area including a beach.






Categories: Sold Homes  


Posted by Chris Werme and Mike Boland on 3/31/2020

When it comes to selling a house, it is important to prepare as much as you can. That way, you can identify potential home selling hurdles and overcome these issues before they escalate.

Now, let's take a look at three tips to help you prep for the house selling journey.

1. Analyze All Areas of Your Home

You might believe your home is virtually perfect, but there may be problems that need to be addressed. Because if you fail to resolve various house issues, it may be tough to optimize your home sale earnings.

Oftentimes, it helps to conduct a home inspection before you list a residence. With an inspection report in hand, you can assess home flaws and correct these issues right away.

You may want to perform a home appraisal as well. After an appraisal, you can obtain an appraisal report to help you establish a competitive initial asking price for your residence.

2. Review the Local Housing Sector

The housing market fluctuates, and a buyer's market today could shift into sellers' favor without delay. Thus, you should analyze the local housing sector closely so you can determine whether you are about to enter a buyer's or seller's market.

A buyer's market generally features a high volume of available houses. Comparatively, there is a shortage of available homes in a seller's market, and new houses that become available may sell quickly.

To differentiate between a buyer's and seller's market, you should find out how long homes that are currently available in your city or town have been listed. In addition, review the prices of recently sold houses in your area, and you can see if sellers are accepting offers at or above their initial asking prices.

3. Consult with a Real Estate Agent

If you are unsure about how to plan for the home selling journey, you need to remember that you are not alone. But if you hire a real estate agent, you can work with a property selling expert throughout the home selling journey.

A real estate agent understands how to succeed in any housing market, at any time. First, he or she will learn about you and your home and help you map out a house selling plan. A real estate agent next will help you establish an aggressive initial asking price for your residence and add your home to the local housing market. Then, if you receive an offer to purchase your home, a real estate agent will help you assess this proposal and make an informed home selling decision.

Furthermore, a real estate agent is ready to respond to your house selling questions. There is no home selling question too big or too small for a real estate agent, and as such, you can rely on this professional for in-depth responses to any property selling queries.

Take the guesswork out of selling a home use the aforementioned tips, and you can plan ahead for the house selling journey.




Categories: Uncategorized  


Posted by Chris Werme and Mike Boland on 3/24/2020

Image by Kaitong Yepoon from Shutterstock

Rain in its due time is every gardener's dream. Saving and reusing rainwater is a great way to save resources for the garden. One way to collect rainwater and store it for future use is to install a rain chain. 

A decorative rain chain can be used in place of a downspout to collect water from the roof. It can be made from a typical chain or series of objects that lead from the roofline into a water storage container. As the rain falls, the chain guides water into the storage container so that it does not immediately soak into the ground. The water can then be used around the garden when the weather is fair. 

Rain chain: a decorative detail

The rain chain is not just a functional addition to your garden, it can be built from decorative elements that add detail to your outdoor space. 

Chains can be built from a single metal chain or several containers that are strung together. Some rain chains are comprised of metal elements, small watering cans, china pieces or bells. For something more unique, you may consider a chain that is built from recycled glass bottles. Constructing rain chains using shapes that hold water, may also attract more birds into your garden.

Rain chains attach to the gutters of your home to collect water during rainfall. A rain chain is smaller than a downpipe so it cannot handle the same volume of water. If you experience heavy rain in your area, keep downspouts in place and use a rain chain as a decorative addition to your space.





Posted by Chris Werme and Mike Boland on 3/17/2020


 Photo by Gerd Altmann via Pixabay

Property owners got clobbered in the Great Recession of 2008, but that was the exception rather than the rule. Real estate typically weathers hard times well compared to other investments. Still, there’s always the possibility you could get squeezed if property values drop or if your personal or business income takes a hit. Whether you’re an individual homeowner with perhaps a second home or a rental or two, or you have significant investments in many kinds of real estate, here are a few thoughts about readying yourself for a recession.

Preserve and Increase Liquidity

A big recession risk is that your income will decline (either real estate rentals or unrelated income) and you’ll have trouble meeting mortgage payments or other expenses such as upkeep and taxes. You may be forced to sell property at an unfavorable time. Having cash, or assets easily converted to cash, helps you meet your obligations. In addition, there will be others eager to sell and bargains to be had, and if you have cash on hand you’ll be able to take advantage.

If you suspect hard times are on the horizon, consider some these options:

  • Get rid of low-performing assets. This includes selling real estate that produces inadequate return or is at risk of depreciating. It might also be time to rebalance your non-real estate portfolio toward more recession-friendly assets.

  • Defer major expenditures. Put off buying that vacation home or taking that expensive vacation. Don’t get in a position where you hold assets that are hard to turn into dollars.

  • Be prepared to reduce your good tenants’ rent. They may be struggling too, and getting something from them is better than if they move out and give you nothing at all, or if you acquire problem tenants in their place. The goodwill you generate may pay off.

Own the Right Kind of Real Estate

All properties are not equal when the economy retracts.

  • The most hard-hit are vacation rentals, industrial properties, office buildings and hotels.

  • Apartments will generally continue to do well. Also multi-family units such as duplexes, triplexes, and multiplexes. In many parts of the country there are high occupancy rates and demand for your apartments could actually increase. Student apartments in college areas are another good bet.

  • Self-storage units do well when families have to downsize and store belongings.

  • REITs and crowdfunded real estate follow the same patterns. Those investing in apartments and multifamily dwellings are the best positioned.

  • Invest based on cash flow rather than hoped-for appreciation. You may be in for a few years where cash flow is all you get.

When the next recession comes, it’s unlikely that real estate will bear the brunt, but that doesn't mean you can pooh-pooh the risk. However, if you have access to enough cash and own recession-friendly properties, you have a good chance of coming through in solid shape.




Tags: market   Market Trends   recession  
Categories: Uncategorized  


Posted by Chris Werme and Mike Boland on 3/12/2020


4 Mechanic St, Upton, MA 01568

Single-Family

$249,000
Price

4
Rooms
2
Beds
1
Baths
Charming home awaits it's new owner. Great condo alternative, with easy access to commuter routes. Updated kitchen and bath, interior freshly painted. Vinyl siding, septic replaced in 2013. Open floor plan on the first level with beamed ceiling. Nice patio out back to enjoy time with family and friends. Large detached garage with 2nd floor storage area.
Open House
Sunday
March 15 at 12:00 PM to 2:00 PM
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Location: 4 Mechanic St, Upton, MA 01568    Get Directions






Categories: Open House  




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