Tag Archives: CapeCodrealestate

A Week to Remember

This past week was a special one for Mari Sennott and Associates and Today Real Estate itself.

At an event held at the Chatham Bars Inn on Thursday (1/30), company management revealed our new logo; related promotional and sales material, and operating principles that are known as the “Home Team Advantage.”

Why the Home Team Advantage?

Today Real Estate is the leading locally owned and family run real estate firm on Cape Cod. This gives us an intimate understanding of the local market; we live and work here.

We also have state-of-the-art technology that facilitates matching buyers and sellers. Our mission as an organization is to provide unparalleled service…for unsurpassed results.

We were pleased to be recognized Thursday night as #4 in our company  (out of 100 agents at four locations) for total number of transactions, as well as total dollar volume of sales.

We frequently use the hashtags #whoyouworkwithmatters and #localrealtorslocalknowledge in our social media postings.

It’s one way to acknowledge that the days of just sticking a For Sale sign in the ground and waiting for buyers to show up are gone. Also passe is sending clients out by themselves to Open Houses and telling them “let me know if you find anything.” Our business has changed and  successful real estate professionals and companies — like Mari Sennott and Associates and Today Real Estate — have updated their approach in response.

If you’re thinking of making a change in your living situation, please contact us at 508-568-8191 or msennott@todayrealestate.com. We’d be happy to help you sift through your options and explain why Mari Sennott & Associates and  Today Real Estate’s “Home Team Advantage” is a wise choice.


According to preliminary data released by the Cape Cod & Islands Association of REALTORS® (CCIAOR) for 2019, median sale prices rose by 2.5% Cape-wide, for a year-end median sale price of $410,000, while inventory dropped 18.4% from 2018.  Closed sales were nearly flat (-0.5%).

More on this and what it means for Cape homeowners soon…

Enjoy your week.

Mari and Hank

 

Multi-Generational Homes Becoming More Common

Did you know that one in six Americans currently live in a multi-generational household?

Our friends at industry resource KCM and Generations United, report that the number of multi-generational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have a multi-generational household.

The benefits to multi-generational living are significant. According to  a posting from Toll Brothers, ranked the number one home builder worldwide:

“In recent years, there’s been a steady rise in the number of multi-generational homes in America. Homeowners and their families are discovering new ways to get the most out of home with choices that fit the many facets of their lives.”

Their piece explains the top five benefits of multi-generational living. Here is the list, along with excerpts from their article:

1. Shared Expenses

“Maintaining two households is undeniably costlier and more rigorous than sharing the responsibilities of one. By bringing family members and resources together under one roof, families can collectively address their expenses and allocate finances accordingly.”

2. Shared Responsibilities

“Distributing chores and age-appropriate responsibilities among family members is a tremendous way of ensuring that everyone does their part. For younger, more able-bodied members, physical work such as mowing the lawn or moving furniture is a nice trade-off so that the older generation can focus on less physically demanding tasks.”

3. Strengthened Family Bond

“While most families come together on special occasions, multi-generational families have the luxury of seeing each other every day. By living under one roof, these families develop a high level of attachment and closeness.”

4. Ensured Family Safety

“With multiple generations under one roof, a home is rarely ever left unoccupied for long, and living with other family members increases the chances that someone is present to assist elderly family members should they have an accident.”

5. Privacy

“One of the primary trepidations families face when shifting their lifestyle is the fear of losing privacy. With so many heads under one roof, it can feel like there’s no place to turn for solitude. Yet, these floor plans are designed to ensure that every family member can have quiet time… [and] allow for complete separation between the generations within the household.”

A local realtor — like Mari Sennott and Associates — can assist you in identifying homes on Cape that could address your particular requirements for multi-generational living. Please contact us at 508-568-8191 or at msennott@todayrealestate.com. We’d be happy to help.


Looking to update your home before selling?

There are two areas that buyers seem to pay the most attention to: kitchens and bathrooms. Both are potential big ticket items that can impact an offer, if the buyer feels that they’re in need of improvement.

One way to update the kitchen that’s gaining popularity is replacing the microwave over the stove with a hood.

To learn more, check out this article in the most recent edition of Realtor Magazine. 


Finally…

To simplify the home buying process, prioritize your needs.

Enjoy your week…

Mari and Hank

Why You Need a Realtor

If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be your only go-to resource.

According to the National Association of Realtors (NAR), the three most popular information sources home buyers use in their earch are:

  • Online website (93%)
  • Real estate agent (86%)
  • Mobile/tablet website or app (73%)

Clearly, you’re not alone if you’re starting your search online; 93% of home buyers are right there with you. The even better news: 86% of buyers are also getting their information from a real estate agent at the same time.

Here are 3 top reasons why using a real estate professional in addition to a digital search is key:

1. There’s More to Real Estate Than Finding a Home Online. It’s a lonely and complicated trek around the web if you don’t have a real estate professional to also help you through the 230 possible steps you’ll face as you navigate through a real estate transaction. That’s a pretty staggering number! Determining your price, submitting an offer, and negotiating successfully are just a few of these key steps in the sequence. You’ll definitely want someone who has been there before to help you through it.

2. You Need a Skilled Negotiator. In today’s market, hiring a talented negotiator could save you thousands, maybe even tens of thousands of dollars. From the original offer to the appraisal and the inspection, many of the intricate steps can get complicated and confusing. You need someone who can keep the deal together until it closes.

3. It Is Crucial to Make a Competitive and Compelling Offer. There is so much information out there in the news and on the Internet about home sales, prices, and mortgage rates. How do you know what’s specifically going on in your area? How do you know what to offer on your dream home without paying too much or offending the seller with a lowball offer?

Hiring real estate professionals , like Mari Sennott & Associates,  who have their finger on the pulse of the market will make your buying experience an informed and educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.


Across the country, the real estate market is hot. (Contrary to what your Uncle Harry “who knows a little something about real estate” may be telling you.)

The following infographic from our friends at industry resource Keeping Current Matters tells the story.

 

With inventory tight here on Cape, homes that are priced right and marketed properly by local realtors (like Mari Sennott & Associates) are not available for long. Educated buyers, who know what they need and can afford, are ready to make decisions. Many are interested in being settled in their new homes by the holidays.

If you’ve been thinking of selling (or buying) , let us know how we can help. Give us a call at 508-568-8191 or emailing us at msennott@todayrealestate.com


Last Wednesday was a big night for Mari as she was inducted into Today Real Estate’s 72-20 Club. This elite group is made up of senior agents, who have been working at TRE for 20 years or more.

Mari — pictured below with company founders Terry and Jim Machnik — celebrated her 20th anniversary with the company on September 9.

Enjoy your week…

Mari and Hank

Home Sale Prices Reach an All-Time High

   It continues to be a sellers market on Cape Cod.

According to initial data just made available by the Cape Cod & Islands Association of Realtors (CCIAOR), the median sale price for single family homes hit an all-time high in July: $439,700.

In July 2017, the median sale price for a single family home was $379,950.

That’s an increase of almost $60,000!

Year to date, 2,223 single family homes have been sold on Cape for a median price of $422,500. In 2017, 2,429 single family homes were sold with a median sale price of $389,000. (A $33,500 difference.)

While the market is always changing, homeowners should be having serious conversations about whether they want to take advantage of these record high prices.

September and October is a busy time for hiring and potential job transfers. Families return from vacation, schools reopen and work resumes its normal routine. Personnel managers are more available for interviews and applicant screening.

Fall is also the time when potential buyers, who are looking to be settled in their new homes by the holidays, begin to look in earnest.

If you’re thinking that now might be the time to sell your home, we’d happy be to sit down with you and discuss options. Just contact us via the comment section or call 508-568-8191.

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With school re-opening, children will again be standing on sidewalks and street corners waiting for the bus. They don’t always pay attention, so it’s important to be vigilant, especially on side streets where maybe we’ve become accustomed to driving a little quicker since June.

If your schedule allows it, this is also the time to contact your local school to see what the needs may be for volunteers, guest readers, or tutors.

It’s a great way to meet your community’s dedicated teachers and interact with our very curious younger generation,

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When writing about the Tom Ferry Success Summit that we attended in California, we told you about the Realtors, who were killed in a private plane crash on their way to the conference.

Ferry and his wife, Kathy, committed to match the proceeds from the sale of event tee-shirts on the first day of Summit with the funds sent to the victims’ families.

With the Ferry match, $23,000 is being donated; hopefully in some way helping loved ones through a difficult time.

Mari and Hank

 

Real Estate Still the Best Investment

There was a lot of talk earlier this year — empty chatter in our opinion — that because of changes in federal tax law, real estate was not as good an investment as it once was.

Recent research (courtesy of Keeping Current Matters) indicates that the public didn’t buy the argument. For the fifth year in a row, Americans consider real estate the best place to realize long term returns. It outranks stocks/mutual funds; gold; savings accounts/CDs, and bonds as the number one option for your money.

Generation X (those aged 34-54) lead the way in that opinion, followed by baby boomers (born between 1946 and 1964) and millennials (22-37 years of age).

Public opinion about real estate has come a long way since 2011, when Americans favored gold as the best investment.

Real estate also has the added benefit of being a financial option that you can enjoy immediately while waiting for your long term financial return!

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The market on Cape Cod has really picked up. Homes that are priced right can be on and off the market in as little as a day, which just happened to one of our listings. That same week we had accepted offers on two other homes — one was on the market for two days; the other for seven!

This is also the time of year when buyers with families are looking to be settled in time for their kids to start school in September.

If you have any questions about the market and whether this is a good time for you to sell or buy, please get in touch. We’d be happy to help.

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Next week, we’ll be blogging from the Tom Ferry Success Summit 2018. This is the ultimate training event for real estate agents who are committed to building and sustaining their careers.

Ferry is the leading real estate coach in the country and we both participate in training activities and individual coaching offered by his organization.

We’re looking forward to a great experience and sharing with you all that we learn.

Mari and Hank