Blog :: 10-2015

Three Open Houses in Wellesley and Needham, Sun., Nov. 1

 

OH Sun., 12-2

102 Hanson Road, Newton
$1,499,000

10 room, 5 bed, 4f 1h bath Colonial

Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

 

OH Sun., 1-2:30

76 Booth Street, Needham
$1,390,000

11 room, 5 bed, 4f 1h bath Colonial

Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

OH Sun., 2:30-4

777 Worcester St., Wellesley
$630,000 - NEW PRICE

8 room, 3 bed, 1f 1h bath Colonial

Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

 

2015 on Track to Close Strong

As we enter the final quarter for 2015 sales, it's a good time to check in on the overall health of the real estate market in Wellesley. While inventory is still low and many deals are "finicky", we see a recovered market. If we continue on pace, our 2015 volume will buck the trend of the last few years and we'll actually see an increase in units for the first time since 2012, the first year of recovery. Prices overall are on par with 2014, with a very vibrant market under $1m and a healthy luxury market as well. The only downward pressure in the market is low inventory. Especially while interest rates are still at record lows, it's a great time to sell. Now is the time to start planning your 2016 move!

YEARLY COMPARISON

Wellesley Single Family Units

New Rule for Mortgages

The Know Before Your Owe mortgage rule took effect on October 3rd with the intent of bringing clarity to consumers. We are concerned about delays, but good counsel and planning, in addition to the flexibilities built into the rule, should prevent the need to extend a closing timeline.

The Know Before Your Owe mortgage rule is five years in the making and prompted by the 2010 Dodd-Frank financial law. This new rule is designed to help consumers understand their loan options, shop for the mortgage that's best for them, and avoid costly surprises at the closing table. It requires lenders to give consumers new, simpler forms describing their mortgage and mortgage terms. It also requires lenders to deliver the terms at least three business days before closing, in order to ensure a customer has time to fully understand their financial commitment before signing the closing documents. The new rule is designed to allow for ordinary changes, ones that do not change the basic terms of the real estate transaction, to occur without requiring the lender to give a consumer another three business days to review the new terms and thus delay the purchase process.

There are only three changes that would cause a consumer to earn another three business days review:

  1. The annual percentage rate (APR) increases by more than 1/8 of a percent for fixed-rate loans or ¼ of a percent for adjustable loans. A decrease in APR will not require a new three day review if it is based on changes to interest rate or other fees.
  2. A prepayment penalty is added, make it expensive to refinance or sell.
  3. The basic loan product changes, such as a switch from fixed rate to adjustable interest rate or to a loan with interest-only payments.

No other changes require a new three business days review, although the lender must provide an updated disclosure at the closing meeting. This includes unexpected discovers on a walk-though, the amount of the real estate commission, taxes and utilities proration, the amount paid into escrow and typos found at the closing table.

More detailed information about the new Know Before You Owe mortgage rule is available on the Consumer Financial Protection Bureau's website: http://www.consumerfinance.gov/know-before-you-owe/.

Four Open Houses in Wellesley, Needham, Newton and Sherborn for Sunday, October 25

 

OH Sun., 11-12:30

76 Booth Street, Needham
$1,390,000

11 room, 5 bed, 4f 1h bath Colonial

Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

 

OH Sun., 12-2

102 Hanson Road, Newton
$1,499,000 - NEW PRICE

10 room, 5 bed, 4f 1h bath Colonial

Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

 

OH Sun., 1-3

7 Wiswall Circle, Wellesley
$875,000

7 room, 4 bed, 3f 1h bath Townhouse

Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

 

OH Sat., 1-3

17 Unity Lane, Sherborn
$1,799,000

11 room, 5 bed, 3f 2h bath Colonial

Click here to learn more about this beautiful home. 

 

 

 

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    Six Open Houses in Wellesley, Weston, Needham, Newton and Sherborn for Oct. 17-18

    Discover all open houses occuring in the Wellesley, Weston and Needham area of Massachusetts. Don't wait for the showing - contact us today to schedule a showing.

     

    OH Sat., 2-4

    17 Unity Lane, Sherborn
    $1,799,000

    11 room, 5 bed, 3f 2h bath Colonial

    Click here to learn more about this beautiful home. 

     

    OH Sun., 12-2

    777 Worcester St., Wellesley
    $650,000

    8 room, 3 bed, 1f 1h bath Colonial

    Click here to learn more about this beautiful home. 

     

     

    OH Sun., 1-2:30

    195 Westerly Road, Weston
    $1,715,000

    12 room, 5 bed, 3f 1h bath Colonial

    Click here to learn more about this beautiful home. 

     

     

    OH Sun., 1-3

    102 Hanson Road, Newton
    $1,499,999

    10 room, 5 bed, 4f 1h bath Colonial

    Click here to learn more about this beautiful home. 

     

    OH Sun., 1:30-3

    76 Booth Street, Needham
    $1,390,000

    11 room, 5 bed, 4f 1h bath Colonial

    Click here to learn more about this beautiful home. 

     

    OH Sun., 2:30-4

    7 Hunnewell St., Wellesley
    $659,000

    6 room, 3 bed, 1f 0h bath Farmhouse

    Click here to learn more about this beautiful home. 

    Three Open Houses in Wellesley and Needham Sun., October 11

     

    OH Sun., 12-1:30

    76 Booth Street, Needham
    $1,390,000

    11 room, 5 bed, 4f 1h bath Colonial

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

    OH Sun., 12-2

    7 Hunnewell St., Wellesley
    $659,000

    6 room, 3 bed, 1f 0h bath Farmhouse

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

     

    OH Sun., 1-3

    24 Sabrina Rd., Wellesley
    $2,875,000

    12 room, 6 bed, 6f 2h bath Colonial

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

    Five Open Houses in Wellesley, Needham, Weston and Newton for Sunday, October 4

     

    OH Sun., 12-2

    102 Hanson Road, Newton
    $1,499,999

    10 room, 5 bed, 4f 1h bath Colonial

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

     

    OH Sun., 1:30-3:30

    7 Wiswall Circle, Wellesley
    $875,000

    7 room, 4 bed, 3f 1h bath Townhouse

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!


    OH Sun., 1-3

    195 Westerly Road, Weston - NEW PRICE
    $1,715,000

    12 room, 5 bed, 3f 1h bath Colonial

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today

     

    OH Sun., 1:30-3:30

    76 Booth Street, Needham - NEW LISTING
    $1,390,000

    11 room, 5 bed, 4f 1h bath Colonial

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!

     

    OH Sun., 2:30-4

    777 Worcester St., Wellesley
    $650,000

    8 room, 3 bed, 1f 1h bath Colonial

    Click here to learn more about this beautiful home. Don't wait until the weekend - contact us for a showing today!


    New Price. New Finished Basement. New Opportunity in Needham!

    NEEDHAM - Outstanding 5 bedroom new construction with all the bells and whistles of today's modern living. This 4600+ sf Colonial has an open first floor plan featuring a chef's kitchen with granite counters and Thermador stainless steel appliances. The spacious family room with gas fireplace is adjacent to the eating area and overlooks a private patio with tiered landscaped backyard. The second floor has 5 bedrooms including a private master suite with luxurious master bath with soaking tub. Both family baths feature double sinks with granite counters. The lower level includes a second mudroom and opens to a large finished playroom and full bath. Don't miss this home at a new price with finished basement now included! EXCLUSIVE $1,390,000

    11 room, 5 bed, 4f 1h bath Colonial

    Contact us for a showing today!

    Beautiful estate listed by Rutledge Properties is the Home of the Week!

    tech <p>Check out this wonderful article on 1 St. Mary's Drive, South Natick, listed by Rutledge for $4,900,000:</p> <p><img alt="" class="featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/5101/blog/picture%20for%20mailchimp.jpg" style="width: 500px; height: 389px;"></p> <p><a href="http://www.metrowestdailynews.com/article/20150921/LIFESTYLE/150929171/0/SEARCH" style="color: rgb(17, 85, 204); font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" target="_blank">http://www.metrowestdailynews.<wbr></wbr>com/article/20150921/<wbr></wbr>LIFESTYLE/150929171/0/SEARCH</a></p>