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SOLD! North Andover Real Estate

Greg Afarian — Fri, 06 May 2011 18:16:05 +0000

SOLD! North Andover Real Estate

Whether you are buying or selling this spring Virtual Media Realty can help assist you in this important decision. Ask us how we can help you, your family, friends, and co-workers. We bring the power of social media tools to help make the process easier, more productive, and save you time! In today’s world everyone is busy and when you can save time by taking advantage of these new tools we use you can spend more time with your family and friends!

The activity in the Real Estate Market in the Andover’s is strong and there are tons of buyer out there looking to get into a new place. We’ve had a heck of a winter and now that the sun is out, take advantage of this opportunity. Please feel free to contact me / us if you have any questions. We would love the opportunity to help you and your family achieve the dream of home ownership!

Is Real Estate All About Location, Location, Location?

Greg Afarian — Fri, 25 Mar 2011 20:01:31 +0000

You always hear Real Estate Professionals talk about it all being about location when it comes to a great property. Recently, I feel as though that theory should be thrown out the door. Here is my reason. I have a listing which is in a phenomenal area. Its a big colonial, in its own subdivision set aside from all the hustle and bustle of drive through traffic. Its close to everything… Downtown, highways, shopping center, and schools. For that family looking for a nice place, it has a walking path to the Franklin Elementary School. (no need to worry about your kid falling subject to those horrible bus rides all over town) It boasts 4 bedrooms, 2 1/2 baths, a 24 x 20 fire-placed family room, living and dining room, large kitchen, finished basement and a heated gunite pool with whirlpool.

But, there is a catch…. The house needs some personal cosmetic touches. It’s not like anyone buys a home these days without expecting to do anything but move in right? But, according to this article from NAR and the Washington Post 87% of 1st time buyers want a move in ready place. The article continues to say that they could be losing out on great opportunities! http://www.realtor.org/RMODaily.nsf/pages/News2011030804?OpenDocument

I really think this is true. Out of all the people I have talked to looking to buy over the last few months, I would have to say at least 80% of them don’t want to fix up a place. What ever happened to sweat equity? I feel like our whole country has gotten lazy! No matter what you buy, there is always gonna be something you are going to want to do and make your own personal touches to make it feel like your own. In this houses case, if nothing needed to be done you would have to spend $600,000 to get into this neighborhood. I personally like the challenge and would rather build my equity than having to pay for it up front! Give me your thoughts… Come by my open house and let me know what you think…..

Open House Sunday 3/27 1:00pm to 3:00pm 156 Berkeley St. North Andover, MA 01845 Offered at $480,000

Open House Sunday from 1-3pm on 156 Berkeley St., North Andover, MA

Great Neighborhood! 156 Berkeley St., North Andover, MA 01845

Video Walkthrough

The Time to Buy is NOW! Real Estate in Andover & North Andover!

Greg Afarian — Sat, 19 Feb 2011 00:21:53 +0000

The time to buy is now! Before rates go up and inflation becomes an issue, buyers should seriously think about the opportunity to lock into a low rate which are at historic lows before they go up. A .50% to 1.0% rate increase could mean that now you don’t qualify for as much house. It would also mean that your payment would go up by a few hundred dollars and that’s never fun! Its a buyers market so as the weather starts getting nicer around here we are sure to see more properties go under agreement as smart buyers will be sure not to miss out on this advantage.

Please let me know if you have any questions on this property or any other in the area… I would love to show you why I’m the person you need to use the next time you buy or sell!

OPEN HOUSE: Sunday, February 20th – 1 PM – 3 PM

Come to my open house Sunday February 20th from 1pm to 3pm located at 156 Berkeley St. North Andover, MA 01845 to have an opportunity to make some immediate equity and to get into a nice neighborhood at a reasonable price! The price was just recently reduced! Located in one of No. Andover’s most desirable neighborhoods with walking path to Franklin School. This large colonial boast an enormous fireplaced family room, large eat-in kitchen, living room , formal dining room with wainscoting. 4 bedrooms located on the 2nd floor, Master w/ full bath. Other features include heated gunite pool w/ hot tub, security system, in ground sprinkler system, 5 year old roof. Bonus 3/4 finished basement w/ an additional full bath with in-law potential. Offered at $480,000.

Open House Sunday from 1-3pm on 156 Berkeley St., North Andover, MA

Great Neighborhood! 156 Berkeley St., North Andover, MA 01845

Video Walkthrough

The Worst Time to Sell is the BEST Time to Buy!

Greg Afarian — Fri, 28 Jan 2011 20:10:00 +0000

Winters in New England are brutal! Boston has already gotten more that 50 inches of snow for the month of January and that isn’t even a record! But, when it comes to Real Estate it seems that alot of buyers forget that the best time to buy is the worst time to sell.

OPEN HOUSE: Sunday, February 13th – 1 PM – 3 PM

Come to my open house Sunday February 13th from 1pm to 3pm located at 156 Berkeley St. North Andover, MA 01845 to have an opportunity to make some immediate equity and to get into a nice neighborhood at a reasonable price! The price was just recently reduced! Located in one of No. Andover’s most desirable neighborhoods with walking path to Franklin School. This large colonial boast an enormous fireplaced family room, large eat-in kitchen, living room , formal dining room with wainscoting. 4 bedrooms located on the 2nd floor, Master w/ full bath. Other features include heated gunite pool w/ hot tub, security system, in ground sprinkler system, 5 year old roof. Bonus 3/4 finished basement w/ an additional full bath with in-law potential. Offered at $480,000.

Open House Sunday from 1-3pm on 156 Berkeley St., North Andover, MA

Great Neighborhood! 156 Berkeley St., North Andover, MA 01845

Video Walkthrough

Market Stability Isn’t Coming Anytime Soon! Is Gold a Safe Bet?

Greg Afarian — Fri, 11 Jun 2010 20:09:14 +0000

Is Gold a Safe Bet?

Market stability isn’t coming anytime soon! This was another volital week that seems to go up one day and sell off the next. Today’s May Retail Sales figure down 1.2% was the biggest decline in the past 8 months. The key questions going forward are, does this have anything to do with the unemployment rate currently at 9.7% and is the consumer all done spending or will they be back? Retail Sales measures the pulse of the consumer and is a key indicator of how the economy may be doing. On the flip side, it seems that the confidence level of the consumer is doing okay. Consumer Sentiment in June (prelim) was up to 75.5% VS May’s figure of 73.6%.

mortgage application decline again

Mortgage applications decreased 5.7% this past week and is down 30.4% since Memorial Day week last year. This is a huge figure and no doubt directly correlated with the ending of the Home Buyer Tax Credit Program. Many people are concerned about weakness coming back to the housing sector. It is still my opinion that there hasn’t been a better time to buy in the past 20+ years. Mortgage rates have been stable and this is great for the housing market. 30 Year Fixed Rate National average was down alittle to 4.81% and the 15 Year Fixed Rate average rose slightly to 4.26%. Home prices gained .9% in April month over month but, down 2.8% year over year.

Yesterday the market saw it’s 3rd best day in 2010 and was up 273 points. It is my opinion which is also shared with alot of other Wall Streeter’s that you should be buying on the dips and selling into the rallies. This is how I would be trading in a market like this. The days of long term investing is gone for right now and the key is to preserve as much of your capital as possible.

Many things still trouble the markets and a resolution to these things don’t seem likely anytime soon. BP’s Oil Disaster is a huge burden, as well as the potential credit crisis spreading in Europe. However, today’s auction of the Spain and Italy Bonds (which went well) seem to indicate the debt issue may not be as bad as people had expected. The Euro stabilizing is another positive sign. I feel gold hitting an all time high on Tuesday $1,245 an ounce is an extremely negative factor hanging over the market and an indication that the market / people feel the debt crisis may not be over. I still believe that if you want our economy to grow we have to stop the massive government spending and cut taxes across the board to promote growth. Since this isn’t the way the current administration is heading (actually directly the opposite) we may be in for some turbulent times ahead.