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Commonwealth Avenue

Winning Strategies For Selling Your Property This Spring.

The greater Boston real estate market often logs in the largest number of sales closings in the Spring (2nd) Quarter each year; as the cold weather and snow give way to blooming flowers, warmer weather...and eager buyers! 

Often buyers want to enjoy the Summer in their new digs. Some want to have their children in place for the next school year, while others strategize to maximize their tax write-offs for the calendar year. Many just want to get their home purchase project done and over with!

If you want your property sold during the 2018 Spring market you need to get started.  Spruce up your property, assemble all the pertinent documents, hire a real estate broker and put your property on the market ASAP. 

The following topics are some of the most crucial elements that you should attend to before that first showing appointment of your single family home, townhouse, condominium or cooperative. 

Curb Appeal

As the buyer walks up to your property, their first impression often becomes their most lasting one. Make sure that their first view is as appealing as possible. It may determine whether the buyer will 1) go through with viewing the property. 2) make an offer...or not. 3) be willing to pay you a strong price.

I'm talking about increasing curb appeal with ideas like: repair cracks in the walkway, repair and paint the front steps, clean the litter and leaves out of the front garden of your building, replace worn hardware and touch up the chipped paint on the front door and make sure the entry foyer to your condo building is spotless. Not only does this first look affect the buyers initial emotional attachment to your property, it says a lot about how well the property has been maintained. In the case of a condo or coop building, it signals how willing your fellow owners may be to chip in on future repairs and general upkeep of the common areas; elements that directly affect the future value of your unit.

Let's Go Inside

Inside your property, there are numerous inexpensive ways you can make it show better. Clean your windows. Have your home professionally deep-cleaned. Place a few vases of fresh flowers in the main rooms. Increase the wattage of your light bulbs so the property appears bright and cheery. Clean the fingerprints off all doors, kitchen appliances and the bathroom mirrors. Clean out and/or reorganize your closets; a lot of buyers are coming out of large suburban houses where they are used to having a lot of closet storage. 

Most buyers are very critical when it comes to the kitchen and bathrooms. Be sure every surface is uncluttered and spotless. Store the extra kitchen appliances and put all the personal items in the bathroom away. Limit the number of personal photos on display; you want the buyer to focus on your property and not who owns it. And if you have some rainy-day money stashed away, freshen the paint with neutral colors and refinish your hardwood floors!

Repair those little problems that don't really bother you but that all buyers seem to notice. Repair that dripping kitchen faucet. Seal and repaint that water stain from the leaky toilet upstairs that you had fixed last Fall. 

If you’re aware of more costly repairs, consider doing them before you go to market. If the buyer doesn’t notice them, their inspector most likely will. And that can lead to unexpected renegotiations or even kill the deal. Replace that old hot water tank. Repair a roof leak. Repair or replace the decking or railings to that palatial deck.

Pets. Whether a prospective buyer is a pet lover or not, they want to buy a home that is immaculate. Pet odors, toys strewn about and damage to furniture, carpeting and woodwork can be a big negative. Some buyers are afraid of animals in general; they can be a real distraction. Although sometimes a logistical nightmare, best to not have the pet at home during showings. At the very least, have them crated somewhere private.

Assemble the documents and information you'll need to give to your real estate Broker.

Prior to going to market with your property, an experienced agent will ask you many questions about your property, from a dated list of your improvements to the age and condition of the heating system. Arm your broker with all the information you can. This way you'll shorten up the buyer's discovery period and get them to the offer stage quickly while their excitement level is still high!  

In the case of a condominium, put together a package including a copy of recorded condominium documents such as the Master Deed, Declaration of Trust & Rules and Regulations. Assemble the last two years of financial statements, association meeting minutes and the current budget. Make sure you know whether there are any upcoming assessments for capital improvements and/or whether your condo fee, coop fee or any other fees attached to your property will be going up within the next twelve month period. For all properties, give your broker copies of your utility bills (gas, electric, etc.) for the last twelve months and a copy of your latest real estate tax bill. 

Check out our New Website for one of Boston's Grandest Condominium Homes - 257 Commonwealth in the Back Bay!

Click on the following link to visit the website for this magnificent home in the historic Cochrane Mansion.  List Price: $11,250,000 http://www.257commonwealth3.com/?cpref=100

 

Quintessential Back Bay Condominium With All the Right Touches!

         

257 Commonwealth Avenue was built circa 1886 for industrialist Alexander Cochrane by the renowned firm of McKim, Mead & White - architects of the Boston Public Library and the East and West Wing renovations at the White House.  The Cochrane House was developed into six private residences in 1985.  Residence 3 is a rare and coveted combination of the entire parlor and second floors, connected by a grand elliptical staircase and overlooking the Commonwealth Mall.  The parlor floor features the mansion’s original public rooms - perfect for entertaining on a grand or intimate scale.  The centerpiece is the forty-foot Great Hall. Today it serves as this condominium home’s elegant entrance foyer and a family room at the opposite end. The drawing room, bay windowed living room and dining room are accessed from the Hall, allowing for excellent flow.  Adjacent full, updated kitchen. Powder room.  Palatial 900+ SF private deck.  The second floor offers a masterful entertaining salon with a full kitchen.  Powder room.  Library.  Master bedroom with a marble bathroom and large walk-in closet en suite.  Two-three additional family bedrooms.   Adjacent full bath.  Additional features and amenities include massive pocket doors, soaring coffered ceilings, stunning wood and plaster detail, seven fireplaces, central air, W/D and keyed elevator access.  Two full garage spaces.  Professionally managed Association.

Price:  $11,250,000       Size:  5,930 Interior SF.    900+ SF Private Deck.    

Contact Exclusive Listing Broker, Tim Marsh for a private viewing.  

(C) 617-548-7145    email:  tim@bostonluxuryrealestate.com