Due to the buyer’s market in the greater Boston area and much of the nation, sellers have started using a new pricing method to encourage sales. 

It is called the value-range marketing or range pricing method.  Instead of offering your house at a single price, provide a price range.  The higher price should be what you have been asking and the lower price is about 10-12% less. 

This shows potential buyers that you are serious about selling your house.  Realtors that have used this range pricing tactic say that it encourages buyers to make their offers match your range, and also widens your house’s appeal to more buyers. 

After you begin using the method, if you start getting offers on the lower price of your range, then you know that you were asking too much for the market conditions.  At the very least, this method gets buyers and sellers talking, which is the beginning stages of getting your house sold. 

For more information on selling real estate in the Malden, Everett, or Medford area, please contact John McCann at RE/MAX Real Estate.

Government officials have joined with a private developer to begin construction of a mixed-use development in the cities of Everett, Malden, and Medford called the River’s Edge. 

The planned development in the three cities would utilize the   Phase I development includes a 10-acre riverfront park, various commercial offices, and a luxury residential building containing 220 units, of which 15% would be affordably priced. 

The plan also includes opportunities for crewing recreation use for the local high schools.  For more information on this revitalization plan along the Malden River, please contact John McCann at RE/MAX Real Estate.

Historical buildings always have a nogalistic feel in any towns hearts and minds, so it comes as no surprise that the Charleston Chew candy factory in Everett, MA is being rehabbed into 226 new condos. 

The factory, which got it’s name in 1922 from the popular dance at the time, offers Boston views in some duplex town houses, as well as exposed brick and hewn timber details. Condos range from 700 to 1,600 square feet and are priced from $215,000 to $540,000. 

Currently there are only limited units left in the 4 buildings due to high demand.

For information on how to own a piece of historic Everett real estate, please contact John McCann at RE/MAX Real Estate.

A new condominium redevelopment is planned near the downtown in Malden, Massachusetts. 

The property has been rezoned for up to 76 residences and 152 parking spots.  The new condo redevelopment is in a great location as it is a close walk to the rail service and only four miles from Boston. 

Also it is only about a 5 minute walk from the Malden downtown which offers great bistros and shopping.  Malden, MA is currently adding over 100 new professional jobs with the completion of the MA Department of Education headquarters and a new major medical center. 

In the next 3 years plans for a new minor league baseball park have already been approved. 

For more information on these new condos or other condominium real estate in Malden, Ma, please contact John McCann at RE/MAX real estate.

Local real estate market conditions in Everett, Massachusetts are currently considered a buyer’s market. 

There are a total of 333 residential properties on the market.  This breaks down to 90 single-family homes, 95 condo properties for sale, and finally 148 multi-family units available in Everett.  Home buyers are ecstatic about  substantially lower prices in Everett, Ma. 

Other great incentives for new home buyers are the abundance of properties on the Everett real estate market and fair interest rates now being offered. 

However, one thing buyers’ should keep in mind no matter what the market conditions are - the best properties don’t last long.  Buyers’ need to keep that in mind when they find their dream house. 

For more information on finding your dream property in Everett, MA, please contact John McCann with all of your Everett real estate questions.

Foreclosure on a home is a tough situation, and should be avoided at all costs.  In basic terms, foreclosure is when a lender tries to recoup their collateral because the owner has fallen behind on their loan payments. 

Many times reading the fine print of your mortgage agreement can help homeowners know the limits of their payment schedule. 

Also actively contacting your lender for a meeting to discuss a situation. Depending on your lender, this pro-active response can dictate how they will respond to your financial issues and their ability to work with you on your issues. 

For more information on Massachusetts foreclosure procedures, specifically in the Metro Boston Area, please contact John McCann at RE/MAX Reality.

During this current mortgage situation, many Massachusetts homeowners are facing foreclosures.  To add to their foreclosure woes, many of these foreclosed homes are considered "underwater" on their loans. 

This means that the homeowners currently owe more to their lender than what their home is worth.  Now homeowners trying to avoid the possibly credit destroying result of foreclosure, and are instead choosing to sell their home for less than what they owe the bank. 

This process is called "short sales", and of course has created a tremendous buyer’s market, while helping the homeowners unload their homes. For more information on Massachusetts "short sale" homes or about the foreclosure procedure, please contact John McCann at RE/MAX Results.

Industry members of the Hope Now Alliance are trying to ratify the current mortgage crisis all over the nation.  Their plan to help homeowners who hoped to refinance their adjustable-rate mortgages before the high interest rates were set, is being met with mixed results. 

The program, set into place by the nation’s main financial institutions, will give homeowners in the foreclosure process an extra 90 days to meet their payments or come to terms with their lenders.  

This law to protect homeowners began with a "Right To Cure" period of 30 days but has been ratified to include an extra 60 days before foreclosure proceedings can begin. 

The new law has helped the foreclosure rate in Massachusetts.  In May, Massachusetts foreclosure rates dropped 89% from April and an 82% drop from May 2007.  This new law has given Massachusetts homeowners a chance to get back on their feet and continue with their mortgage payments. 

For more information on Massachusetts foreclosure proceedings and the Hope Now Alliance, please contact .

Good news condo seekers in the Boston metro area town of Everett.

A 74-unit condominium building on Chelsea Street called Parkway Heights has been converted from condos to apartments. 

This may not seem out of the ordinary except that 47 of the units are considered affordable housing.  "The developer, Winn Residential, received almost almost $3 million in tax credits from the state, and a $5.9 million loan from the Mass Housing Partnership". 

As for Everett condo owners, more good news.  January-March Everett condo sales are up 19% from 2007 and the median Everett condo price has increased 3.1% for the same time period. For both buyers and sellers in the Everett real estate market, there are still great deals to be had. 

For more information on Everett real estate, please contact John McCann at RE/MAX Results.