Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

5 Things to Look For When Buying a Luxury Condo In Brookline

by Eric Glassoff

As more people are starting to recognize the value of luxury living, there has been a surge in the search for luxury condos in Brookline. Such condos are a combination of the comforts and convenience of city dwelling and the advantages of a real estate investment. Luxury living, for some people, conjures up an image of grandeur and opulence and a hefty price tag. Even though that may be true to a certain extent, they alone do not define luxury, the concept of which is highly relative. What excites one individual may not evoke the same response from another. However, there are a few essential features that that all luxury condos must possess.

Let us go through all the details that you must look for in a luxury condo before buying.

1. Location
Before making any real estate investment, the most important factor that you must consider is the location. When buying a luxury condo, you must ensure that it is at a convenient location that is in proximity to transportation facilities, shopping centers and other social amenities like parks and restaurants.

2. Space
The square footage of the condo must be carefully evaluated, regardless of whether it is a suburban property or is in the city. The price that you will be paying for it must be in accordance to the space that you are getting. Unlike free standing homes, condos do not have attics or basements. For special purposes, such as if you plan to set up an office or studio in your condo, you will definitely need more space. You must also make sure that there is enough storage space.

3. Appliances
It is true that not all condos will provide you with the appliances that you want, but what you can do is ensure that you are getting upgraded products. Look for places that have top quality microwaves and refrigerators as well as stainless steel ranges. The light and bathroom fixtures must also not be substandard.

4. Parking facilities and other amenities
When considering a condo, parking must also be looked at. There must be adequate parking facilities either in the building complex or nearby. Each unit should have a dedicated parking slot. Some other amenities that you must pay attention to are gyms, spas, swimming pools and lawns. Buying a property in a building with these features can give the most bang for your buck.

5. Security
Most luxury condos come with high-tech security features. However, you must still see to it that there are cameras, manned security posts, guards and locked doors and gates. The corridors and hallways must also be well-lit so that you and your condo is guaranteed maximum security.

When looking for luxury condos for sale in Brookline, Massachusetts, you must enlist the help of experienced professionals who are well versed with the real estate scene here. We can provide you with all the help that you need, including giving you updates on your favorite properties. For more information, you can reach out to us or go through our website.

Why Can't I Find a Home to Purchase?

by Eric Glassoff

Why can’t I find a home to purchase within my price range?

Why are there so few homes listed on the market than there was a year ago?

Over the last few months, I’ve been asked this question a number of times. The answer is a difficult one. Many variables are contributing to the near record low inventory of homes for sale. Here are just a few:

1. In some areas fewer foreclosures are available. There are less distressed properties available for investors.

2. Many of the homes that would normally be available for buyers are being used as investment property, because the rents being paid are better than the banks interest rates.      

3. Constructions levels of new homes are at an all-time 50 year low.  There are not enough new homes being built to meet the demands of the buyers.

4. Many buyers who want to trade up cannot find homes that meet their needs or their budget, due to an escalation of asking prices.

5. In some areas there are still a lot of foreclosures, which are not a good fit for first time home buyers or buyers who are wanting to trade up.

The good news is:

1. Many experts are speculating that there will be an increase in new home construction taking place in the second half of the year, continuing on into the next year. Increased inventory of new homes will entice people to make a trade up purchase; allowing them to feel more comfortable about putting their home up for sale.

2. Low inventory pushes prices to rise. Many of the homes that had depreciated are now worth more, enticing their owners to sell.

Since the landscape of the real estate market is always changing, contact me so that I can give you the most up-to-date information on buying and selling property in Brookline, the Back Bay, Newton and the greater Boston area.      

If you’re in the mood to do a little re-modeling, painting or upgrading at your home, you may want to make sure these renovations are adding to the value of your home.  If you are taking on these projects because you are getting ready to sell your home, that’s even more reason to make sure you are making changes that will increase your home’s value. Many times, homeowners make improvements to their residence without knowing the implications to its real-estate value. In other words—they may be busting the bank to “improve” their home without seeing any improvements in its selling price. By following these simple guidelines, you can assure that you are making smart home-improvements that will show when it’s time to sell.

The Kitchen

Functionality, space and aesthetics are the key selling points when it comes to the heart of your home. With a small budget you can upgrade the lights, cabinet door knobs and sink fixtures. Larger budgets, upgrade the cabinets by re- finishing, re-painting or replacing the doors on the cabinets. 

 

Upgrade the look of your Appliances

Buyers love to see matching appliances. It makes for a clean and cohesive look, giving your kitchen a feeling of order and symmetry. You can purchase new panels for most appliances— but before you purchase anything, take a look at the back of your appliance panels, they are usually black. If this is the color you’re looking for it won’t cost you a trip to the store.

 

Increase your Storage 

Most homes, especially older ones, never seem to have enough closets—or space within the closets—for storage. Look into purchasing a closet storage system, or go online to find companies that will help you customize your closet storage. Home Improvement retailers also carry many different types of home organizing systems for all budgets.  Most of these sites and stores have storage tips that will leave your home looking more open and organized: a memorable feature for potential home buyers.

 

Thinking of updating your home before you put it on the market? If you reside in the greater Boston area, Newton, Brookline or the Back Bay, contact me to discuss your options. I want to make sure you have all the information to make the best decisions on how to improve the value of your home.      

Eric Glassoff

Greater Boston Real Estate Expert

 

Greater Boston Real Estate

View Greater Boston Homes

Visit My Website

Find Me on Facebook

Follow Me on Twitter

Connect with Me on LinkedIn

Contact Me

 

Successfully Sell Your Greater Boston Home

by Eric Glassoff

In my last post, I discussed some strategies for buying a home in the Greater Boston area and how to ensure you’re completely prepared for such a large investment.  And, while it seems that buyers have the upper hand in today’s market; selling your Greater Boston home can prove to be just as successful!  

 

In dealing with the Greater Boston Real Estate market on a daily basis as a Greater Boston Real Estate agent; I understand the reluctancy that those hoping to sell their home in Newton, Brookline or Boston may be experiencing.  However, selling your Greater Boston home is not impossible.  It just means that you have to be prepared to sell your home in a market that’s leaning in the favor of buyers.  

 

Let’s take a look at five ways you can have a successful home sale for your Greater boston home

 

1. Understand What a Buyers Market Means- It’s important to understand what kind of market you’re about to enter and to look at some of the hard facts. Being in a buyers market means that there are more homes on the market than there are buyers.  It also refers to a market where homes are staying on the market longer and selling for less than they’re worth.

 

2. Price Your Home Correctly from the Beginning- This is a vital factor in selling your Greater Boston home. If you enter the market with an overpriced home, buyers from Newton, Brookline or Boston will immediately cross it off their list and move on to a more affordable option. They have that luxury in a buyers market. The longer your Greater Boston home sits on the market; the less interest it will receive. You’ll find that waiting for that to happen and then reducing your price will not generate the same excitement that an ideally priced home would in the beginning.

 

3. Make Your Home Irresistible- Buyers in the Greater Boston area expect only the best, especially if they have the option to be picky. You’ll want to make sure your home shows like a model home and that its irresistible to buyers. Take care of any issues that you know of in your home, spend time updating your home (even if it’s just a fresh coat of paint), and spruce up your Greater Boston home’s curb appeal. All of these little details will add up to a home that buyers can’t refuse!

 

4. Find a Trusted Greater Boston Real Estate Agent- You’ll want to do your research and find an agent who has years of experience in the Greater Boston Real Estate market. Your real estate agent will play a key role in getting your Greater Boston home sold. Look at their home selling record, client testimonials, and ask them to give you a detailed plan of what they will do to sell your home in Boston, Brookline or Newton.  

 

5. Make Sure Your Home is Getting Ultimate Exposure- The main element in getting your home sold is exposure. Did you know that over 80% of people search for homes online? Getting online exposure for your home is vital for home selling success. Talk with your Greater Boston Real Estate agent about how your home will be presented online and the types of sites they use to market your home. An online presence for your home is a service your real estate agent should be providing for you.

 

You’ll notice that these points are not impossible to accomplish, and are even more simple to do with the help of an experienced Greater Boston Real Estate agent.  If you are hoping to sell your home this year, please let me know!  I would be more than happy to meet with you to discuss a selling price that works for you but is still competitive, as well as ways I will market your home to get the most amount of interest.  

 

Please feel free to contact me anytime in order to begin planning your successful Greater Boston home sale.  I look forward to hearing from you!

 

Eric Glassoff

Greater Boston Real Estate Expert

 

Greater Boston Real Estate

View Greater Boston Homes

Visit My Website

Find Me on Facebook

Follow Me on Twitter

Connect with Me on LinkedIn

Contact Me

Displaying blog entries 1-4 of 4

Share This Page

Contact Information

Photo of Eric Glassoff Realtor®, MBA ABR, ASP, SRES, e-PRO, Real Estate
Eric Glassoff Realtor®, MBA ABR, ASP, SRES, e-PRO,
Coldwell Banker
1375 Beacon Street
Brookline MA 02446
Direct: (617) 233-6210
Office: (617) 731-2447
Fax: Fax: (617) 431-5010

Testimonials

I was a first time home buyer looking a place in Brookline, and Newton area for a quite well, and tiredly had worked with several agents in 2008-2009.  I decided to find a place myself, and it happened that I found that sales agent Eric Glassoff had lots of the hot units in Brookline for sale.  So why not work with him as buyer agent then?After I started to work with him, I was so impressed with his professional knowledge, ability to educate clients, working efficiency, honesty, loyalty, and the capability to make a deal happen in the best interest of his client.  After I looked at 2-3 properties, I happily bought a dream home at Newton.  I strongly recommend Eric to any home buyers, as his excellence in business as well as his loyalty to his clients will bring you satisfaction in purchasing your dream home.  "Susan Zhang"... Read More