32 Lyford Rd, Spencer MA 01562 is now SOLD

Looking to Sell a House in Spencer MA or the surrounding towns? Call 508-232-7926 or use our 15 second home value estimator Worcester County Houses For Sale:

The homes shown above are exclusive listings offered by The Pro’s Real Estate Team at Keller Williams Greater Worcester.

This property is now SOLD!!! Not to worry, here are more homes for sale in 01562 under $300,000.

Taylor and David met with us and we talked about what they were looking for.  The market we are currently in has been a great market for sellers…… not so much for buyers as there aren’t many homes available and of those that are, buyers are competing with each other and getting into multiple offer situations.

RELATED ARTICLE: Absorption Rate and what that means to you   

We know how to navigate these crazy markets and this house was no exception.  This house was originally listed for $319,000 and the seller had done a price reduction.  We looked at this house and had a feeling it was a great fit for what Taylor and Dave wanted so we set up the showing.  After learning a little more about the seller and their motivation, we were able to make a lower offer that was acceptable and lock this one up for our buyers.  We officially closed and our buyers are super excited to get moved in and start enjoying their new home.

Just because the market is on fire doesn’t mean that their aren’t good deals to be had.  If you are looking for a new home and want to have a Pro help you then, Contact us today

32 Lyford Rd, Spencer MA 01562

 

SOLD: $285,000

Listing ID: 72577032 | 3 Bedrooms | 2.5 Baths | 1 car Garage | 2,100 Square Feet | 2 Acres

To see some other great listings like it call The Pro’s Real Estate Team at 508-232-7926.

 

See more Homes for Sale with 2+ Bedrooms in 01562

Related Article: First Time Home Buyer Seminars

See more Homes for Sale UNDER $250,000 in Worcester County

 

Related Article: What is the new TRID that everyone is talking about?

 

Related Article: How to buy a home – The Process

 

11 Nottingham Rd, Oxford, MA

11 Nottingham Rd, Oxford, MA

OPEN HOUSE Sun, 11:30AM to 1:00PM

$ Click for current price
3 BEDROOMS | 1 Baths (1 full ) BATHROOMS | 938 SqFt

Updated and roomy ranch for single level living. Nothing to do but move right in. This 3 bedroom 1 bath also features a finished lower level with a wood stove for supplemental heat. Large level lot is completely fenced in for privacy, pets or pastimes. The exterior and interior have all been freshly painted. Updated kitchen , New floors throughout main level, freshly updated bathroom and a new deck for enjoying the back yard. Lower level features storage and laundry and 3 separate finished rooms (near 500sqft) Use as Living room, office, guest space or playroom the possibilities are endless. This home will not last: first showings at open house! Be there if you are looking for affordable, spacious move in ready home in the heart of Oxford. Minutes from 290!

Licensed in Massachusetts & Connecticut.  Copyright 2000-2018 Keller Williams Realty. – a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. Not intended to solicit those who are currently under exclusive agreements with any other brokerage

Another Grafton MA Home Sold

Looking to Sell a House in Grafton MA or the surrounding towns? Call 508-232-7926 or use our 15 second home value estimator

 

Worcester County Houses For Sale:

The homes shown above are exclusive listings offered by The Pro’s Real Estate Team at Keller Williams Greater Worcester.

6 Pine Hill Rd, Grafton MA

This property is now SOLD!!! Not to worry, here are more homes for sale in 01560 between $300,000 & $400,000

We originally helped our client purchase this home back in 2016.  He enjoyed it for several years before deciding to purchase some land and build his dream home.  He called us up and let us know his plans so we put together a game plan and got this house ready to go and under contract in only 4 days of listing it.  Its officially closed and our seller can put the proceeds towards his new home! This property closed February 21st, 2020 for $333,000!  If you are considering buying a new home and want to work with a team of agents that will work hard and save you money, then Contact us today

6 Pine Hill Rd, Grafton MA 01560

 

SOLD: $333,000

Listing ID: 72603892 | 3 Bedrooms | 1 Full Bath |  Garage | 1,134 Square Feet | 0.96 Acres

To see some other great listings like it call The Pro’s Real Estate Team at 508-232-7926.

 

See more Homes for Sale with 3+ Bedrooms in 01560

Related Article: First Time Home Buyer Seminars

See more Homes for Sale UNDER $250,000 in Worcester County

Elementary School: Grafton Elementary (Gr 2-6)

Elementary School: North St Elementary (Gr 2-6)

High School: Grafton High (Gr 9-12)

Middle School: Grafton Middle (Gr 7-8)

Related Article: What is the new TRID that everyone is talking about?

 

 

 

 

Related Article: How to buy a home – The Process

 

Is February the new April?

Is February the new April?

Is February the new AprilIs February the new April?  Well, in the real estate market, the short answer is YES!! 

The “Spring Market” which most people relate to the April time-frame has historically been the busiest season for buying and selling as most home sellers and home buyers come out of their winter hibernation ready to hit the streets and find their new home.  What we are seeing now, though, is a shift in the market timing due to the severe shortage of homes in the housing market.  We recently talked about the Absorption Rate and how that affects the real estate market.

Right now the housing inventory across the whole country is at records lows and with more buyers looking to jump into the real estate market now, the Spring market will likely see fewer homes for sale compared to years past.  Sellers are anxious to take advantage of the limited housing market to sell their house because they know they are going to get top dollar, except they are nervous to do so because……where will they go?  One of the biggest concerns for both sellers and buyers is that there are not a lot of homes to choose from.

Buyers are frustrated because their current leases may be coming up, maybe their landlords are selling their homes and they need to move, or possibly they are just moving to a new town and need to find a house.  That’s all well and good except their isn’t anything available for them.  Realtors used to show buyers 4 or 5 houses at a time several days a week and now they are lucky to see 1 or 2 a week.  Of those houses they are seeing, its likely that many other buyers are looking at them as well and lots of buyers are writing offers driving the prices up and in some cases, out of their budget.  Buyers are finding it necessary to “settle” on a house simply because they don’t have a choice.

Sellers alike, are frustrated because they know they can sell but after they get an offer on their home, they have to deal with the problem of now being a buyer themselves.  In some cases, sellers would just prefer to stay where they are vs jumping into the buyer market.

 

RELATED ARTICLE: Buying a home in a sellers market

 

On a positive note, if you are a seller, and can deal with waiting to find a new home or have a place to go, then this is a great opportunity for you.  Being in a sellers market gives you a huge advantage and by getting your house on the market now rather than waiting another month or two will ensure that you get the most amount of money.  Although we dont expect to see the Spring market “flooded” with inventory this year, we do expect to see a slight uptick and you know how supply and demand works

If you are a seller thinking about selling this year, its worth reaching out and talking to us about a timeline and a plan.  If you are a buyer, we can help too.  We have several ways of finding you a great home without you having to be caught up in the crazy real estate market.

Is February the new April? Well, whether it be February, March or April – the truth is Spring Market is here.  You should not wait any longer, you should Just Call The Pro’s

Get a quick home value estimate here

 

Frustrated with not finding the right home?  Ever considered just building one?  Check out some of the new construction homes for sale right now but BEFORE you run out and talk to the builder, here are a few things you need to know so you are prepared.  When Considering a New Construction Home: Should you use a Realtor®?

Absorption Rate in Real Estate and what does it means for you?

Absorption Rate in Real Estate and what does it means for you?

Absorption rate

In the real estate industry, the absorption rate is used to measure the demand of real estate.

The absorption rate basically helps us determine how long it takes for houses to sell in a specific area.  This could be a city or town, a neighborhood or an area like our Wachusett Area.  Real estate agents and Realtors use the absorption rate to find out how many months it takes for current homes that are for sale to sell. Whether you are a seller, buyer or an agent, its important to understand this as it provides some insight on how the real estate market is. The good thing about this is it doesn’t take a degree in math to understand how to come up with this figure.  Lets see how its done.

 

 

How do we calculate the Absorption Rate

To calculate the absorption rate formula is pretty easy. In our industry, the rate is found by taking the number of sold homes in a specific area during a specific time-frame and dividing it by the total number of homes currently for sale. The result we get is called the absorption rate . What this figure tells us is the rate at which all of the current homes for sale are being sold.

Lets look at our very own town of Rutland for example;  As of today, Rutland has 15 active single family homes for sale.  Over the past 30 days, 6 homes have sold.  The absorption rate for Rutland right now would be 6/15 = 40%

If we reverse this formula, it will actually show us the number of months it takes for the current supply of active listings to be sold.  In our example above, it would be 15/6 which is about 2 1/2 months.  This tells us that if no other houses came on the market, that based on supply and demand, that it would take only 2 1/2 months to sell all the current inventory.  Now this may not seem like a big deal but when looking at the number of buyers looking for homes vs the actual number of homes available, we see that there is huge demand for houses right now

How does the Absorption Rate help us determine a seller’s or buyer’s market?

If you are considering buying or selling a home in a specific area, its always good to know what the absorption rate is in that area.  A knowledgeable Realtor will be able to provide insight on the actual numbers.  The absorption rate is going to let you know whether this area is good market to buy or a good market to sell.  What’s the difference between these markets?

  • A Seller’s Market: This market tells us that it benefits the seller. The demand from buyers exceeds the current supply of active listings on the market.  When we see this, usually it means that houses are being sold very quickly and most oftentimes for more money. A sellers market is also determined, generally, when the absorption rates are anything above 20 percent.
  • A Buyer’s Market: This market tells us that it benefits the buyer. This is when the current supply of active listings on the market exceeds the number of listings actually sold because the demand from buyers isn’t as high. When this occurs, we tend to see houses take longer to sell and oftentimes they sell for less than what the original asking price is. A buyers market is also determined, generally, when the absorption rates are anything below 15 percent.

 

RELATED ARTICLE: Buying in a Sellers Market

 

As a Seller, what does this mean for you?

If you are considering selling your home and want to get the most money for it you’ll want to wait for a seller’s market. The absorption rate is one of the figures that is used to determine the current state of the real estate market in order to price the home appropriately. As shown above, when we reverse the calculation to find the number of months it would take for homes to sell in a market, a seller’s market will have a low monthly supply rate. Typically, anything ranging from 0 to 5 months indicates a seller’s market because this means all currently active listings will sell in a relatively short period of time.

Oftentimes, we find absorption rates above 20 percent and below 5 months of supply in the early spring market as this is when the demand of buyers are at its highest and the supply of homes can’t keep up but lately this has been the trend for months and seems to be still trending this way.  This is a great reason that sellers should make sure to keep track of their local market’s absorption rate.  Or better yet, they should hire an agent who will watch the market for them so that they can advise them in order to list their homes at the most strategic time. If the absorption rate isn’t favoring a seller’s market, you might want to wait until the real estate market heats up.

Right now, we are at an all time historic low with regards to current inventory.  This is one of the first times we have ever seen the amount of homes in all of Massachusetts so low.  Right now we have almost 25% less single family homes for sale than we did this time last year and almost 50% less than we did back in 2016.  This is a clear indication of where the market is trending

As a Buyer, what does this mean for you?

If you are looking to buy in a certain area, this absorption rate is good to determine what the chances are for getting a good deal on a house. As we mentioned earlier, a buyer’s market generally has an absorption rate below 15 percent. When reversing the calculation to get the amount of time it takes to sell all currently active listings, as a buyer, you will want to look at anything over 6 months. This will mean that the houses are on the market for longer and buyers don’t need to be too concerned about a lot of competition as there is plenty of homes to look at.  In a buyers market, you have the ability to shop a little longer, see more homes and not be rushed into making quick decisions vs trying to buy in a sellers market where you are likely to be in multiple offers and and need to get out to look at the house moments after its listed or you may miss out.

As we are right now, buyers will find themselves in a seller’s market where the absorption rate is well above 20 percent.  Buyers should try to beat out other buyers by working with an agent who studies the real estate market, knows it very well and keeps track of all the listings as they become available so they can get you out first. A buyer should also get pre-approved for a mortgage and have an understanding of the process in order to be well prepared to jump quickly.

 

RELATED ARTICLE: Pre-qualified vs pre-approved; What you should know

 

Can the Absorption Rate be used for other uses?

While real estate agents & Realtors use it for buyers and sellers for helping them make good real estate decisions, it also influences other things as well. Here are a few other ways the absorption rate affects the real estate market:

  • When sellers and agents are in a low absorption rate market, they may have to reduce the listing price to attract a buyer in order to sell the house. When in high absorption rate markets, sellers and agents may be able to increase the asking price without turning too many buyers away.  Ultimately, some buyers will walk away, but there are more buyers that will likely pay the sellers price.
  • The absorption rates can also influence bank appraisals. Appraisers sent out to evaluate the home for a mortgage will use the absorption rate in that specific area as an additional reason to justify the property’s selling price.
  • The absorption rate can be a sign for new construction builders to start building new homes. During market conditions with a high absorption rate, the buyer demand may be high enough to influence the development of new homes because currently inventory is low and there isn’t many homes to choose from.

If you are considering buyer or selling this year and want to know more about your current market, feel free to contact us for free home and market evaluation

 

Wachusett Area Homes For Sale

New to market – 43 Windy Ridge Rd, Jefferson

43 WIndy Ridge RdNew to market – 43 Windy Ridge Rd, Jefferson

Here is your opportunity to purchase a home in the number 1 town in MA.  Jefferson was recently voted the number 1 place to buy home with Holden coming in at a close 2nd in an article written by LendEdu.com.

Full article and list of towns here: The Best 100 Places to Buy a Home in Massachusetts

 

43 Windy Ridge Rd

Outside, you will notice the stately columns, extensive stone walls & walkways that lead up to this home. Plenty of parking off street with a large driveway that can easily fit 6 cars as well as the 1 car garage to keep your car nice and warm in the cold New England winters.  Enjoy the beautiful gardens and perennials that surround this home.

With over 2600 square feet in this home, there is room for everyone.  The main floor features a large living room with hardwood floors and a pellet stove that 43 Windy Ridge Rdadds extra warmth in the cooler days.  The living opens up to the formal dining room that’s perfect for your family gatherings.  Additional eating space can be found in the kitchen that also boasts plenty of cabinets and counter 43 Windy Ridge Rdspace.  Exterior access to the patio can be had through the kitchen that makes it great for those who love to BBQ.

 

 

Related Article: Holden MA: Small town full of charm and community pride

 

43 Windy Ridge Rd

On the other side of the house, you will find a full bath and 3 generous sized bedrooms including the large master bedroom with an additional full master bath.  All rooms feature hardwood floors and good sized closets

Head downstairs to the full walkout lower level where you will find a huge den, 4th bedroom & 3rd full bath along with a mudroom & laundry area. Heating won’t be a problem with a 43 Windy Ridge Rdpellet stove upstairs and wood stove downstairs. If you prefer to not use them, there is a new efficient top of the line Buderus boiler.

For full listing details and all photos click this link:  43 Windy Ridge Rd, Jefferson MA

Showings will begin for this home at the open house that is scheduled for Sunday, November 19th from 11:30 – 1:00pm.  If you are unable to make the Open House, feel free to contact us and schedule your private showing

Who are “The Pro’s”? – Meet the team

 

Search all Holden MA Homes For Sale

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Hubbardston MA Area Market Review

Hubbardston MA Area Market Review

—–> 2017 vs. 2016 – As of October 20, 2017 <—–

So far 40 homes have closed this year which is an increase of almost 18% over last year!  The Hubbardston area is picking up and more people are moving to the town.

Although people are buying, those houses that have been on the market took about 5% longer to sell and sold on average for $4,500 less than the average sale last year.

sold hub

 

Overall the Hubbarston Market is doing well.

Download the full report here to see all the current stats. —->  Hubbardston MA Area Market Report – 2016 vs 2017 YTD

Thinking about selling your home in Hubbarston?  See what your home could be worth using our free quick home valuation.

 

Looking to buy a home in Hubbarston?  Check out whats currently available for sale

Want to get the most money from the sale of your home?

Getting your home sold for top dollar does not mean hiring the real estate agent who gives your the highest listing price.

Getting the most money requires a lot a work on both the sellers part and the agent who you hire.  The agent who you hire must show a proven track record, be a full time agent and have the right tools at their disposal to ensure that you are getting the most exposure and the best marketing available.  We at The Pro’s Real Estate Team have a proven process that gets home sold quickly and for top dollar.  Want to learn more about how we do that?  Contact us today.  Want to get an idea of what your home could sell for in todays market?  Get a quick online home evaluation here.

Related Article: First Time Home Seller Mistakes

Here are just a few of our recently sold homes

Rutland – Sold $30,100 over asking price in 6 days

Worcester – Sold $10,000 over asking price in 19 days

Worcester – Sold $2,600 over asking price in 4 days

East Brookfield – Sold $3,000 over asking price in 6 days

Holden – Sold $15,000 over asking price in 4 days

sold

We have a very aggressive marketing plan that prepares the house for the market 1-2 weeks BEFORE it even gets listed.  This process that we use, when done correctly, yields incredible results and of course ecstatic sellers!  We would be happy to speak to you about what we do.

Don’t let your house just sit on the market – speak to us today to get the house SOLD!!

Related Article: Seller Resources

JUST SOLD FOR $30,000 over asking price!

254 Glenwood Rd, Rutland, MA

$ Click for current price
4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2520 SQUARE FEET

For more information contact us at 508-232-7926.

  Privacy & peacefulness of the countryside & only 20 min to Worcester. This wonderfully updated home features over 2500 sq ft of functional living space. The lrg cabinet packed kitchen opens to an enormous fireplaced great room w/ stunning palladium windows. The sunny deck off the kitchen over looks the 16×32 pool & pool house, as well as, the private landscaped level lot. 1st fl laundry! On the 2nd floor you will find 4 generous sized bdrms w/ brand new plush carpet & 2 full baths. Full attic for storage or expansion! The walk out lower level has full light slider & windows & though it isn’t t yet finished, it wouldn’t take much to bring your own ideas to the space. New updates include: carpet, sealed driveway & boiler block along w/ recent pool pump, well pump, direct vent, deck stairs, doors and fresh paint. Too many detailed upgrades to list – this is a must see. Don’t wait around for new construction when you can have this established home. Be in before the end of summer!!!!

RELATED ARTICLE: FSBO (For Sale By Owner) Mistakes

 

Homes We Have SOLD!

We Would Be Happy To Add Yours To The Map!

 

Check out some of our other featured properties!


Licensed in Massachusetts Copyright 2000-2017 Keller Williams Realty. – a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. Not intended to solicit those who are currently under exclusive agreements with any other brokerage

New Holden Listing – 830 Wachusett St, Holden

830 Wachusett St, Holden, MA

open house

$ Click for current price
3 BEDROOMS | 1 (1 full ) BATHROOMS | 1262 SQUARE FEET

For more information contact us at 508-232-7926.

  Located in the heart of Holden is this beautifully updated Ranch. Close to the center yet far enough way from the every day hustle and bustle. If you are looking for single level living, this is one you need to take a look at. Nothing left to do but move in and enjoy. This recently updated home features a large living room with hardwoods and a bay window that lets in tons of natural light. Living room opens to a large eat-in kitchen featuring plenty of cabinets and counter space and can accommodate a full size dining room table for those large family gatherings. Sliding doors lead you to an enclosed porch where you can relax and enjoy your morning cup of coffee overlooking the large level, fully fenced in backyard. Full bath is nicely updated with tile flooring and modern fixtures. 3 Spacious bedrooms all have hardwood floors and large closets for ample storage space. Full basement is perfect for expanding for additional living or game space.

 

Homes We Have SOLD!

We Would Be Happy To Add Yours To The Map!

 

Check out some of our other featured properties!



Licensed in Massachusetts Copyright 2000-2017 Keller Williams Realty. – a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. Not intended to solicit those who are currently under exclusive agreements with any other brokerage

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**COMING SOON** Car enthusiasts take note. This 4-5 bedroom home has so much space and potential. If you are looking for a spacious home with a spacious garage and workshop this home has what you are looking for. Home is located just off plantation street and walking distance to Holmes Field. On the first floor you will find a 3 season mud room just off the huge kitchen loaded with cabinet space. The large full bath is two rooms. The living room is off the kitchen which had once been open to the dining space but it has been closed up for a first floor (5th) bedroom. Would be simple to convert back if not needed. On the second floor are 4 additional spacious bedrooms. In the level back yard down the 4 car driveway you will find a 2 story garage with 2 bays and additional work space to the back and sides of the huge garage. Low maintenance yard and still plenty of room for entertaining, playing or pets. $215,000

24 Fairmont Ave Worcester, Massachusetts

4 Beds 1 Baths 1,365 Sq Ft

An Interview with Joe Pro