Maria Salzillo - Mrs Realtor Agent, SRES, ABR, CNS, ASP, Cartus Relo


Real estate market data is readily available to home sellers across the United States. With this information at your disposal, you should have no trouble maximizing the profits from your home sale.

Now, let's take a look at three real estate market data that every home seller needs to check out before listing a residence.

1. Prices of Comparable Houses

Let's face it – determining a competitive price for your house may prove to be difficult, regardless of your home's age or condition. Fortunately, if you analyze the prices of comparable residences in your city or town, you can better understand how your house stacks up against the competition and price it appropriately.

Furthermore, it may be beneficial to conduct a home appraisal prior to listing your house. This appraisal enables a home expert to assess your house both inside and out. Then, you'll receive an appraisal report that contains a property valuation, which may help you determine a competitive price for your house.

2. Prices of Recently Sold Houses

Are you preparing to enter a buyer's or seller's market? Review the prices of recently sold houses in your area, and you can find out whether the current housing market favors buyers or sellers.

If home sellers are receiving offers at or above their initial home asking prices, now may be an ideal time to list your residence. Thus, you may want to add your house to the real estate market sooner rather than later to capitalize on a housing sector that likely favors sellers.

Conversely, if home sellers are receiving offers below their initial home asking prices, you may want to allocate significant time and resources to find ways to improve your house. Because if you enhance your house's exterior and interior, you may be able to help your house stand out from the competition and increase the likelihood of a profitable home sale.

3. Average Amount of Time That a House Is Listed

Check out how long houses stay on the real estate market before they are sold – you'll be glad you did. With this housing market data in hand, you can assess the pulse of the real estate market and map out your home selling journey accordingly.

If you need help collecting or analyzing real estate market data, there is no need to worry. Hire a real estate agent today, and you can gain the insights that you need to make informed decisions throughout the home selling journey.

A real estate agent is a housing market expert who is happy to help you in any way possible. He or she will provide recommendations about how to price your house and improve your home's interior and exterior. Plus, a real estate agent is available to respond to any of your home selling concerns or questions, at any time.

Ready to list your home? Review the aforementioned housing market data, and you can obtain deep insights into the real estate sector prior to selling your house.


Photo by Paul Brennan via Pixabay

If you're like many prospective homeowners who've been looking at listings lately in preparation for moving forward with purchasing property, you've noticed listings for foreclosures. Some people in your position are attracted by the idea of saving money on foreclosures, while others may simply have fallen in love with a home that just happens to have been repossessed by the lending institution. Foreclosures are sold primarily in two ways — through public auctions and by private sales by the banks that own the property. Here's what you need to know about buying a foreclosed property.

Foreclosed Properties Are Sold As-Is

Homeowners typically at least apply a fresh coat of paint and perform basic repairs before putting their properties on the market, but foreclosed properties are sold as-is. Because most of them have been sitting empty for quite some time, they may require serious repairs. You may think you're getting quite a bargain and wind up having to pay so much for repairs that you actually haven't saved any money. 

Foreclosure Auctions Can Be Tricky

You won't be allowed to see the home prior to the foreclosure auction, so you'll be basically flying blind when you make your bid — and this means that you have no way of knowing what repairs the inside of the home may need to make it livable and how much they will cost. Although you certainly can drive by the property and see what kind of condition the exterior and the yard are in, you legally can't enter it. Another issue with foreclosure auctions is that most of those who attend are professional real estate investors who are very familiar with the auction process who can easily outbid the average inexperienced bidder provided the property is worth what they want to pay. Furthermore, auction sales of foreclosures need to be paid for in cash, and most buyers simply don't have as much free liquid capital as investors do.

A Good Agent Can Help You Navigate a Foreclosure Purchase

However, if you've fallen in love with a particular foreclosure and it's not yet slated to be sold at auction, a good real estate agent may be able to help you purchase it.  Buying a bank-owned foreclosure comes with far fewer obstacles than purchasing their counterparts that are available via the auction process, and a skilled agent can walk you through it. You'll be able to inspect the property and get an idea of what repairs are going to run, which will provide you with protection against unforeseen financial losses. Bank-owned foreclosure sales happen just like their conventional counterparts, and it's also possible to get financing on foreclosed properties in this stage.  


Photo by Pixabay from Pexels

The short answer to our question of the day is...

We all know what we like when we see it. 

New flooring can greatly increase your home's beauty in the eye of the beholder, yet it's impossible to know what kind of flooring will attract your home's next buyer. That said, here are the top selling points of three popular options. 

Kudos for Carpeting

Carpet, especially if your home will be shown in the winter, is a popular way to add a comfortable look and feel to a home. Most often chosen for bedrooms, carpet can also hide a multitude of flaws beautifully and without a big dent in your savings. To spruce up a home for sale quickly, carpeting can be a great choice.

Now, for the possible drawbacks. Carpeting can cause issues for people with chemical sensitivities or allergies. It doesn't last forever, and it usually won't be as stylish in five years as it is when first installed. 

Tip: Going with one flooring choice throughout your main living spaces can produce an expansive, well put-together look.

Hoorahs for Hardwood

Hardwood flooring is a classic choice. Walk into a home with hardwood floor, and you get a sense of elegance, comfort and beauty. Over time, the essential oils of the wood offer a subtly aromatherapeutic and natural appeal. A well-maintained wood floor lasts for decades.

Yes, a lot of moisture can impact its look, and the kids and pets can scratch it. And refinishing is a big job involving chemical abrasion, although fans of the DIY method point out to us that there are wood and laminate refinishing kits on the market for under $100.  

Tip: A great, cost-effective alternative is engineered hardwood. Engineered hardwood comes prefinished, can be easily installed without a subfloor. 

A Toast to Tile

Tile is as practical as it is handsome. Well-chosen tile will last the home's lifetime. The richer the hues, and the narrower the space left for grout to show, the easier tile is to clean.

In kitchens, either tile or laminate styled as tile works well. Expanses of tile are especially desirable in homes and condos throughout Florida and other warm states.

If you have tile, talk it up! Note its ease of cleaning, especially to potential owners with pets.

Tip: You can buy tile or laminate that looks like hardwood and have the hardwood look—without the refinishing needs.

Sellers Can Offer Options

If you're selling, and your flooring could use updating, considering offering to trim a little off your sale price, encouraging potential buyers to install their own choice of new flooring as desired. That offer itself might just make a deal happen.


This Single-Family in Peabody, MA recently sold for $655,000. This Ranch style home was sold by Maria Salzillo - J. Barrett & Company.


8 Glen Dr, Peabody, MA 01960

West Peabody

Single-Family

$599,900
Price
$655,000
Sale Price

6
Rooms
4
Beds
2
Baths
HERE IT IS!! Immaculate Sprawling West Peabody Ranch featuring 4 beds, 2 baths, over 2000 sq. ft on nearly an half-acre. Gorgeous Kitchen w/ Large Center Island, SS Appliances, Marble Countertops, and Wine Fridge. Open Concept Kitchen and Dining Room with Beautiful Flooring, Accent Wall, and Crown Molding. A Dream Master Suite spanning over 700 sq. ft. featuring a side Living Room and His and Her Walk-In Closets. Giant Master Bath with Dual Sink Marble Vanity, Soaking Tub w/ Electric Fireplace, and Tiled Shower. Central Air, NEW Roof, Newer Heating System, Farmer's Porch. This home is perfect for entertaining with a slider that leads out to a Giant Yard with Patio, Firepit, Bocce Court w/ attached Deck, and Massive 2-Level Shed for storage. Acclaimed Burke School District, Nearby Peabody Bike and Walk Trail, and Conveniently Located Moments From Rt. 1 and 128. Showings BY APPOINTMENT only Friday 5-7, Sat 11-2, Sun 11-2. Text or Email for showing requests. See Virtual Tour!

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12 Jennings Circle, Peabody, MA 01960

West Peabody

Single-Family

$759,900
Price

11
Rooms
4
Beds
3/1
Full/Half Baths
Meticulously maintained custom built, colonial style located in 1 of the most sought after areas in W. Peabody! Enter to a gracious foyer w/entry closet, a large living room open to a formal dining area, a chef style granite kitchen w/SS appliances, breakfast bar, 2 pantry closets, a dining area w/slider overlooking rear yard & pool area, a large family room w/fireplace & ww, a laundry room w/closet & a half bath. The 2nd floor offers a spacious master suite complete w/a spa like custom bath w/walk in shower w/bench seat & glass door, double vanity & linen closet as well as a large walk in closet, 2 generous size bedrooms, a full bath w/double vanity & linen cl & an office.The 3rd level offers a 24x16 bedroom & a walk in storage area. A large finished basement w/full bath & storage closet & w/access to the 2 car garage. A heated blt-in swimming pool,a 16x10 screen house,fenced yard, sprinkler system w/sep meter & lrg driveway. Pool is all one level at 48"
Open House
Sunday
July 12 at 12:00 PM to 2:00 PM
Open House By Appointment. Please follow Covid-19 Guidelines, Masks to enter.
Cannot make the Open Houses?
Location: 12 Jennings Circle, Peabody, MA 01960    Get Directions

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