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The Tale of Two Clients: A Grand Property Yields Grand Opportunity

Eric Lindsey • March 27, 2024

How Lindsey & Associates Brought The Right Seller and Buyer Together

The Tale of Two Clients: A Grand Property Yields Grand Opportunity

 

The Seller's Story: A Vision Beyond Valuation

In the heart of Fort Hill, a neighborhood known more for its massive homes, stood 86 Thornton Street – a grand single family home with high ceilings and large rooms, highlighting period charm throughout. Imagine: Ron and Barbara, our sellers, poured their heart and soul into the home, raised their children, and made cherished family memories. Ron wasn't just any homeowner; he is a well-respected home inspector with deep roots in the real estate industry. When it came time to sell his unique and grand family home, complete with a legal in-law unit, Ron knew its worth extended beyond what his initial appraisal captured. Recent sales for Single Family homes in Fort Hill rarely breached the $1 million mark, but none of those homes shared 86 Thornton's grandeur or its highly coveted in-law unit, designed with accessibility in mind – a rare find in Massachusetts, especially valued by those in later stages of life or with specific health conditions.

Despite an appraisal that fell short of expectations, Ron's confidence in his home's value was unshaken. He turned to Eric, a trusted friend and real estate professional known for his strategic approach to every sale. Eric's plan was not just to sell a home but to tell its story, leveraging everything from professional photography and aerial shots to extensive marketing across various platforms. But beyond the visuals and the listings, it was the active engagement with the community and a dedicated outreach that set this approach apart. Neighbors, potential buyers, and an extensive network were all part of the conversation, ensuring no stone was left unturned in showcasing 86 Thornton's value.

The Buyers' Journey: Recognizing a Rare Opportunity

Chris and Monica, a successful couple with a keen eye for quality investments, were no strangers to the real estate market. When Eric introduced them to 86 Thornton, it wasn't just the proximity to downtown Boston or the grand & elegant fnishes that caught their attention; it was the realization of the property's intrinsic value. For $1,050,000, the decision was straightforward.

Understanding the property's worth was one thing, but ensuring it was recognized tangibly through data, especially through the appraisal process, was another. Here, Eric's expertise shone through once more. As the transaction funneled down to another appraisal, Eric knew it was important to ensure the appraiser considered all the data available, a mistake the previous appraiser made in missing the market value of the whole property. The result? An appraisal that reflected the true worth of 86 Thornton, $1,050,000.

The Closing: A Celebration of Strategy and Success

The sale of 86 Thornton was more than just a transaction; it was a testament to the power of expertise, strategy, and community engagement. Ron and Barbara could move forward with their future plans, knowing their home's legacy would be appreciated. Chris and Monica secured not just a property, but a home that met their needs and aspirations. And Eric? He once again demonstrated the value of a knowledgeable, dedicated real estate professional who goes beyond the standard to ensure every sale is a story of success.

Special thank to all of the professionals involved

Seller & Buyer Agent

Eric Lindsey - KW Boston-Metro

Lender

Vanessa Kane - Movement Mortgage

Seller Attorney

Hang Nina Nguyen - SKM Title & Closing Services, PC

Buyer Attorney

Joeseph Feaster - Dain, Torpy, Le Ray, Wiest & Garner, P.C.

 

Thinking of selling? This isn't your average "for sale" sign story. Expert representation matters - Just ask Ron and Barbara.

Standard appraisal missed the mark originally on this unique home. But Lindsey & Associates crafted a winning marketing plan that went beyond the basics.

The result? The perfect buyer was presented with the home and Ron and Barbara got the value they deserved.

Ready to unlock your real estate success story? We offer free pre-list inspections and custom marketing strategies for our sellers and that's just the beginning...

Contact Us Today

Lindsey & Associates Realty

617-288-1042
www.lindseyrealtyteam.com


By Eric Lindsey October 8, 2024
We’re excited to invite you to a special day of community, celebration, and connection at the Edward L. Cooper Harvest Festival! Mark your calendar for Saturday, October 12, 2024, from 12:00 PM to 4:00 PM at 32-34 Linwood Street, Roxbury, MA 02119. What to Expect: The Harvest Festival offers something for everyone. Enjoy delicious food, family-friendly activities, and informative sessions that highlight our community’s commitment to growth and sustainability. Take a garden tour and discover the beauty of our community spaces, including the Teddy Pomare Rose Garden and the Alan Crite Garden. This event celebrates our mission to uplift the community through environmental education and empowerment. We’ll be honoring the legacy of those who paved the way and sowing seeds of hope for the future. Thanks to a generous grant from GrowBoston, we’re ready to make this event unforgettable! Why You Should Attend: At the Edward L. Cooper Community Gardening & Education Center, we aim to be a sanctuary for environmental learning and community development. This festival is an opportunity to connect with others who share a passion for environmental sustainability and community growth. You’ll have the chance to learn more about our programs, tour the gardens, and see firsthand how we’re making a difference in Roxbury. Whether you’re a longtime community member or a newcomer, we welcome you to join us as we celebrate the season and our shared vision for a vibrant, sustainable community. Get Involved: For more information, visit our website at www.edcoopergardening.com or contact us at coopergardening@gmail.com . Follow us on Instagram @edcoopergardening for updates. We hope to see you there to help us harvest hope and nurture our community! 🌱
By Eric Lindsey October 8, 2024
Navigating today’s real estate market can be tricky, especially for first-time buyers. Recently, we worked with our client, Ricky, who not only secured their dream 1st purchase, but also gained over $47,000 in value by closing day, thanks to our strategic approach and experience. Here’s a behind-the-scenes look at how we made it happen.  The Challenge: A Competitive Market and Multiple Offers Our buyer fell in love with a 3-bedroom, 1-bath home in Stoughton, listed at $539,900. Right now, this price range in Stoughton is on fire. As rates have dropped, we have seen the buyer pool grow. With several offers on the table, we knew we had to act fast and strategically. In competitive situations, it’s essential to know when and how to go above asking to make the winning offer, while also retaining as much negotiating power as possible. Some situations have more leverage than others. Navigating Inspection & Negotiations After we secured the home, the inspection revealed several issues that needed to be addressed. This is often a critical moment: in a competitive market, negotiating after the inspection can sometimes mean risking the deal altogether. When other interest is out there, a request to adjust the contract can leave the door open to the sellers moving on. However, with a deep understanding of market context and how repairs impact negotiations, we were confident we could turn this into an advantage. We discussed options with our buyer and decided that a reduction in the sale price, along with a credit back to cover closing costs, would provide the best path forward. By negotiating a $16k+ credit for closing costs, we effectively reduced our buyer’s immediate expenses and made sure they felt confident moving forward with the purchase. Surpassing Expectations with the Appraisal It’s common for buyers to worry they’re overpaying, especially in a market where bidding wars drive up prices. But as we always say, a home is ultimately worth what a buyer is willing to pay for it. And this time, the market was in our favor. Before closing, the appraisal came in, and it was another indicator that our confidence in the overall value of the home was correct. The home was valued $31k+ above the final negotiated sale price, which meant our buyer’s investment was already showing equity returns. Between the credit and the appraisal, they gained overf $47k in value the day they closed. Why Representation Matters More Than Ever Recent rule changes mean that buyer agents are now required to sign exclusive contracts, which raises the stakes for agents to demonstrate their value. Our role isn’t just about finding homes, but also about ensuring our clients make sound investments that will serve them in the long run. In this transaction, we provided almost 5x the value compared to the fee charged, a return that shows the importance of having an experienced and skilled buyer’s agent on your side. In a market where expertise and negotiation skills can make all the difference, it’s essential to have someone in your corner who understands how to maximize value. That’s what we do at Lindsey & Associates, and it’s what we’re proud to deliver to each of our clients. Thinking About Buying? If you’re considering purchasing a home, now is a great time to have a conversation about what you’re looking for and how we can make it happen. Whether you’re a first-time buyer or a seasoned investor, our team is here to ensure you’re not only getting the home you want but also the value you deserve. Rates have changed and you may be surprised what impact that has had. Feel free to reach out to us at 617-288-1042 to discuss your goals. We look forward to helping you make the most of your real estate journey. Thank you for being part of our community, and as always, we’re here to help you every step of the way. Warm regards, Lindsey & Associates Realty
By Eric Lindsey September 12, 2024
Financial markets are closely scrutinizing each economic release for clues about the Federal Reserve's potential rate cut in September. With inflation seemingly on track towards the 2% target, the Fed's attention has shifted primarily to the labor market. This morning's August payroll report came in slightly below expectations, with July's figures also revised downward. However, wage growth and hours worked in August exceeded forecasts. While the labor market is showing signs of cooling, it’s not declining as sharply as some had feared. The key questions now are whether the Fed will cut rates by 25 or 50 basis points in September and what rate they consider to be neutral. Despite recent data not fully supporting it, the bond market still assigns a 37.5%* probability to a 50 basis point cut. *per Bloomberg’s World Interest Rate Probability calculations Get ready and get Preapproved today! Recent rate cuts have attracted buyers back into the market, beat the spring rush! Sources: Freddie Mac Mortgage Market Survey Federal Reserve Meeting Calendar Recent Inflation Data - Bureau of Labor Statistics Need Help? Contact Vanessa Kane for refinancing or buying a new home! ☎️ Vanessa Kane | Senior Loan Officer Movement Mortgage Phone | 339.236.5162 Email | Vanessa.Kane@movement.com Website NMLS 287711 Disclaimer: Consult a tax professional. This is not financial advice.
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