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Mansfield, MA Real Estate News

By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
2 Trowbridge Lane in small cul de sac area in Mansfield MA 02048. Boasting 2,700 s.f. of living space, this nine room, four bedroom, 2.5 bathroom colonial is located in a small cul de sac neighborhood.  There are gleaming hardwood floors throughout this entire meticulously maintained home.  The specatacular kitchen boasts granite counters and plenty of cabinet and counter space.  The formal rooms are exquisite and the family room has a masonry fireplace.  There is a 20' x 20' Great Room with banks of windows that overlook the gorgeous plush lawn and private wooded area in the backyard. This home has a two car attached garage, town water, town sewer and natural gas.  Offered at $539,900.  Call Lorraine Kuney of The Todaro Team at 508-380-9938 for a private showing.  You'll be glad you did.
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By Marianne Cherico, Home Stager -Massachusetts and Rhode Island
(Interiors by Marianne Cherico)
Mansfield Massachusetts Home Staged to Sell!                                    This Mansfield Massachusetts Home Staged to Sell is really a wonderful home for the fussiest Buyers. When Lorraine Kuney of RE/MAX Executive-The Todaro Team hired Interiors by Marianne Cherico to help stage this lovely home, she knew that it was a great listing! The owner had lovingly cared for this house! But Lorraine felt that to market this home to its fullest potential, it was wise to bring in a stager that could help optimize the showing power. So she offered a staging consultation and report to her client as part of her marketing plan. The family room was given an update with a cool new mirror, new pillows and wall pictures. The ornate and taste specific fireplace screen was removed. The feeling of the...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mortgage Rate Forecast for September 9, 2010 - Improving, or...? Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities (MBS) Are Doing Today: The price of the FNMA 30-Year 4.0% MBS coupon opened at 103.03 this morning - the same as yesterday's close. At 9:30 AM, the 4.0% MBS coupon was trading at 102.78 - down 8/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage rates. I expect that mortgage rates will be up to 0.25 points worse in price this morning as compared to yesterday afternoon. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 8-10-2010 to 9-9-2010: Economic Reports, News, ...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Trend in Home Sales in Mansfield MA - Improving, or...? Home prices in Mansfield on average are rising! Home prices are up 15.0% since July of 2009. The current average listing price of homes for sale in Mansfield MA is $336,989, down 5.0% from a month ago. Compare this to the current median sales price of $356,600 - where half of sales are above this amount and half below it. 2 bedroom homes are selling for less than they were while 1, 3 and 4 bedroom homes are selling for more. Prices of 2 bedroom homes are down 24.9% from year ago levels while prices of 1 bedroom homes are up 22.0%. Prices of 3 bedroom homes are up 3.4% while 4 bedroom homes are up 36.5% from year ago levels. Below is a chart of the trend of median prices of homes for sale in Mansfield MA over the past 5 years th...
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By Marianne Cherico, Home Stager -Massachusetts and Rhode Island
(Interiors by Marianne Cherico)
Staged to Sell- Mansfield Ma Come see this hot new listing in West Mansfield, Ma.. When Ryan Cook of RE/MAX Real Estate Center, Foxboro was asked to list this home,he hired Marianne Cherico of Interiors by Marianne Cherico to do a staging consultation and report. Marianne met with the Sellers and came up with an action plan that would help them present thier home so that it would appeal to the most amounts of Buyers! The Sellers of this staged to sell Mansfield Ma home embellished the curb appeal by egding and mulching the front and adding some beautiful,colorful plants. And they freshly painted the front door to welcome Buyers!         These wonderful Sellers also painted many of the rooms in the house so that they have an updated feel. Marianne suggested the paint colors as part of he...
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By Cheryl Cahill
(Cross Real Estate)
Sue's Cleaners-Mansfield, MA Opening up in Feb. 2010,  Sue's Cleaners stands out amongst dry cleaners in the Mansfield area.  Why? She has gone "Green".  Being in the dry cleaning business most of her life, Sue did not want to use the standard "perc" or petroleum (on the watch list for human carcinogens), so, she chose "GreenEarth" as her solvent.  What is GreenEarth? It is an environmentally safe dry cleaning process that uses liquid silicone, which is a solution made of silica or sand!  Sue also goes "green" through various programs that recycle materials used everyday, as well as reducing fuel costs to using biodegradable cleaning agents.  She is trying, as we all should, to limit our "footprint" on our environment.    Mansfield, MA seems to be prospering with new stores and restaura...
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By Marianne Cherico, Home Stager -Massachusetts and Rhode Island
(Interiors by Marianne Cherico)
Condo Staging Tips the Scale Often Real Estate Agents think that staging is only for the McMansions but I would like to point out how staging can help sell any condo. Condos are different than selling a single family home. In some ways they are easier to price because most of the time all of the units in a building are pretty much the same. Therefore it is pretty clear that the best comps will be what has recently sold or is under agreement in the same complex. If a condo is priced right, the single most important thing that you can do as a Seller is have it staged. Most of the time there are a few condos on the market at the same time. The Buyers are most likely seeing all of them and comparing. If all of the units compare as far as size and updates (kitchens, baths,floors,etc.) then t...
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By Marianne Cherico, Home Stager -Massachusetts and Rhode Island
(Interiors by Marianne Cherico)
Mansfield, Ma. Home Staged-Under Agreement in 8 days The owners of this lovely Mansfield home wanted to make sure that their home was particularly attractive to today's discriminating Buyer. So when their Realtor , Kathy Todesco of Gerry Abbott Real Estate (508)339-6336, offered to have Interiors by Marianne Cherico come in and do a staging report and consultation they were more than happy to take the advice that was offered.                               The kitchen and family room showed beautifully. The Sellers even added fresh flowers to the kitchen table. This extra touch speaks to Buyers. It says " I am a well taken care of house!".         The Master Bedroom feels like a serene get away. It is always nice for Buyers to see a well made up bed when entering a bedroom.              ...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mortgage Rate Forecast for May 21, 2010 Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.38 this morning - the same as yesterday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 102.59 - up 7/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be up to 0.250 points better in price this morning as compared to yesterday. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 4-21-2010 to 5-21-2010: Economic Reports, News, and Events Affecting Mortgage Interest ...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Trend in Home Sales in Mansfield MA Through April 2010 According to Trulia.com, sales prices of homes in Mansfield have declined 13.4% over the past year through April 2010, but have appreciated 2.2% over the past 5 years. The current average listing price of homes for sale in Mansfield MA is $366,956, while the current median sales price is $275,000. The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median prices of homes for sale in Mansfield MA over the past 5 years through April 2010: Mansfield Recently Sold Homes Below is a chart of the trend in home sales in Mansfield MA over the past 5 years through April 2010: Mansfield Recently Sold Homes If you're looking...
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By Cheryl Cahill
(Cross Real Estate)
I just received an email from our Sr. loan officer, Joan Duggan of First Home Mortgage stating that RURAL HOUSING has run out of money at the 2% funding fee.  Why you ask, well, this program has doubled in size since the stimulus program, but, it seems to be their own victim,  thanks to the generous terms that have been offered to its  borrowers- namely no downpayment and no Mortgage Insurance premium.  Unlike the FHA requiring 3.5% down and  Mortgage Insurance premium.  The programs are offered by local lenders and to be eligible you need to live in a community with less than 20,000 residents and live outside of a metropolitan area.   Now,  going forward if the Senate approves the refunding of Rural Development, the funding fee will be increasing to 3.5%! If you have any questions abou...
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By Cheryl Cahill
(Cross Real Estate)
   From the looks of things the government has decided not to extend the Home Buyer Tax Credit.   NAR , The National Association of Realtors, appears to have given up hope of getting it extended and posted this information on a website. "NAR has had extensive discussions with congressional allies and concluded that an additional extension of the tax credit is unlikely. While lawmakers recognize that the tax credit helped stabilize the market, it appears that much of the benefit has been realized. NAR is now focusing on improving the availability of financing." That is not exactly what we want to hear, but at least they are coming up with new alternative ways to handle and speed up the short sales.  Congratulations to all of you who took advantage of  the tax credit and reaped  the bene...
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  Please find the most recent Mansfield real estate stats. From the last quarter, there has been an increase of homes on the market, as well as an increase in the average price. Days on market has dropped and sellers are getting approximately 96% of their asking price. Things are starting to look up!       Properties for Sale                    Homes for Sale 55                   Average list price $469,874                   Price range $169,900-$999,999                   Days on market 129      Pending Sales                 Currently under contract 10                Average list price currently under contract $286,120                Price range $149,900-$574,900                Average days on market 65      Sold Properties                Number of homes sold 22               Average s...
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By Cheryl Cahill
(Cross Real Estate)
  As we all know, Congress passed legislation extending the home credit until April 30,2010.  So, what does this mean to the first time home buyer and the repeat buyer. First time home buyer: First time home buyers purchasing homes between Nov.7,2009 and April 30,2010.  Does not need to close by April 30,2010, but needs to have a written binding contract to purchase by the  April 30th deadline.  Closing by July 1, 2010. Buyers can  not have owned a residence during the 3 years prior to the purchase. The purchase may include single-family homes, condos, townhomes, and co-ops. Maximum for first time home buyers is $8000.  This is based on 2 factors-the price of the home and the buyer's income. The price is for homes purchased for $800,000. or less.  Income-single buyers with incomes up t...
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    Properties for Sale                                                                                                        Homes on the market  46 Average list price  $422,665 Price range  $181,900-$1,199,000 Days on market  137 Pending Sales Currently under contract   8 Average list price currently under contract   $438,550 Price range $240,000-$684,900 Average days on market   156 Sold Properties Average sold price $377,830 Average original asking price  $394,188 Average sold to original list price   95.8% Average days on market  115 As you can see, things are starting to turn around.  Even in this so called "depressed" market, sellers are still getting close to 96% of the asking price.  Lets hope that this continues.  Any questions or if you would like to know what your house is ...
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By Lynda Longmire
(Virtual Homes Real Estate)
Mansfield Massachusetts Single Family Market Report - Year to Date (11/30/2009) There were 110 Mansfield MA real estate homes sold YTD in 2009 with an average sales price of $365,057 and an average days on market (DOM) of 97. The selling range was a low of $70,000 and a high of $1,560,000. As of November 30, there were 33 homes on the market with an average list price of $411,106, and an average DOM of 96.  There were 7 homes under contract with an average price of $428,357 and an average DOM of 240. Mansfield MA Real Estate - Community, relocation and school information with town demographics. Mansfield MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales Mansfield MA MLS Search - View all listings in the statewide MLS. For condos, visit Mansfield MA...
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By Cheryl Cahill
(Cross Real Estate)
On Jan. 1,2010, a new regulation regarding smoke detectors may be put into place. The Massachusetts Department of Fire Services have pushed for this regulation regarding the installation and maintenance of smoke detectors in single and multi-family houses that have been built or altered prior to Jan. 1, 1975 and sold on or after Jan. 1,2010.  Any building or altering of homes after Jan. 1,1975 are still governed by the State Building Code, which already poses the same regulation. Currently, these regulations require that two different types of smoke detectors be put in place-depending upon location within the home. Areas within 20 ft of a kitchen/bath,a  photo-electric sensor only smoke detector will be required.  Outside this 20 ft area of kitchen/bath, both the ionization sensor and p...
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Properties for Sale Homes on the market    44 Average list price  $415,202 Price range $199,900-$1,199,00 Days on market   158 Pending Sales Currently under contract   7 Average list price currently under contract  $375,800 Price range $185,000-$509,900 Average days on market   126 Sold Properties Average sold price $362,959 Average original asking price $402,896 Average sold to original list price   90% Average days on market  81 The housing market has finally started to turn the corner.  Days on the market in Mansfield, MA have declined, while the percentage of sold to original asking has dropped a slight bit going from 92% to 90%. To find out what your house is worth, call Cheryl Cahill,Cross Real Estate, 508-369-3809 or at ccahillrealtor@hotmail.com
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What is the answer? Buyers that are out looking between September and March are usually serious buyers. Inventory is low since most sellers believe the myth that they need to take the house off the market in the winter months. Low inventory +serious buyers=a great opportunity to sell property. Serious buyers usually=relocation buyers or people that have already sold their home and need to find a replacement home quickly, thus making for a quick closing. Fewer real estate transactions are taking place at thsi time so Realtors, title companies and inspectors have less pressure and mor time to dedicate to your transaction. So, my advice is to continue to actively market your home for sale in the winter. For more information, contact Cheryl Cahill, Cross Real Estate, 508-369-3809
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By Cheryl Cahill
(Cross Real Estate)
  We all know that more and more home buyers are using the internet to search for homes and the numbers prove it.  NAR or the National Association of Realtors has posted some pretty interesting numbers for internet use among home buyers.  In NAR's most recent survey of home buyers and home sellers they found that: Home buyer's using the internet to search for homes=87% which is up from 71% five years ago. Buyers who use the internet more frequently rose from 42% to 69% from just five years ago. Home buyers that use the net to search for homes say 87% relied on information from real estate brokers. "What does this really mean you may be wondering? If your Realtor does not have a major internet presence in the area that you are selling your home, then you better find one that does.  The ...
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