Winchester Real Estate Snapshot
Local Winchester, MA real estate market activity and real estate trends.
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More information on Winchester homes:
Number of properties currently on the market in Winchester as of 12/22/09
- Single Family Homes: 53 Properties
- Condominiums: 22 Properties
- Multi-Family Homes: 2 Properties
Number of new Winchester Real Estate listings in the last month:
- Single Family Homes: 9 Properties
- Condominiums: 2 Properties
- Multi-Family Homes: 0 Properties
Average sale price for Real Estate sold in Winchester, MA over the last 6 months:
- Single Family Homes: $746,983
- Condominiums: $375,527
- Multi-Family Homes: $602,500
Arlington Real Estate Snapshot
Local Arlington, MA real estate market activity and real estate trends.
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More information on Arlington homes:
Number of properties currently on the market in Arlington, MAas of 12/22/09
- Single Family Homes: 39 Properties
- Condominiums: 42 Properties
- Multi-Family Homes: 9 Properties
Number of new Arlington Real Estate listings in the last month:
- Single Family Homes: 6 Properties
- Condominiums: 6 Properties
- Multi-Family Homes: 0 Properties
Average sale price for Real Estate sold in Arlington, MA over the last 6 months:
- Single Family Homes: $487,300
- Condominiums: $350,271
- Multi-Family Homes: $503,070
RENTALS
We've learned of a few simple guidelines for finding serious renters and thereby, preventing most bad occupancies:
- Location - There is no question that the more desirable a neighborhood, the lower the risks of having a bad resident apply. It is also worth noting that the higher the rent, the lower the risk.
- Condition - A very vital but controllable influence for attracting desirable residents is the home's condition. The formula is simple. Make it look like everything was just completely redone. Exterior property condition is very important as well.
- Pricing - Don’t be afraid to price a property slightly below what the market dictates. For every 2½ weeks a vacancy sits on the market, the annual rent could have been lowered by 5%.
- Signage - A prospect calling from a yard sign should be treated as a serious lead. They have seen the exterior of the property and know its precise location.
- Response Time - Rapid response time can make all the difference. Use cell phones or text messaging to allow prospects to quickly reach someone who can show the property or answer any questions.
- Screening - Despite all of the above, screening is still vital. Be sure to adhere to a written tenant selection plan that is in compliance with all Federal, State and Local Fair Housing Laws and the Federal Fair Credit Reporting Act.
Great renters and increased income can be found by following these simple but effective steps. For more information on finding the right renters for your home, please e-mail me. And be sure to forward this article to members of your social network who may also find it helpful.