Lisa Corr, Olde Town Realty | Haverhill, MA Real Estate


Estimating the market value of your home isn't a precise science. There are several factors that go into assessing the value of a home and the process is complicated by changes in the market that can sway home prices in either direction. Since homes are so expensive and are such a huge investment, the pragmatist and worrier in us all wants it to be a clear cut decision backed up by facts. Unfortunately, no two people will ever arrive at precisely the same number for the value of a home. The good news is that you can use this ambiguity to your advantage when bargaining with prospective buyers. To learn more about the six main factors that determine a home's value, read on.

Condition

Homebuyers don't want to walk into what could be their new house and discover months of expensive repairs and upgrades waiting for them. Especially for busy, young professionals there is great appeal in a home that is move-in ready. If your home needs some work, it will knock off some digits from your asking price.

Location

We would all love to say that having a home near the ocean or the mountains is our top priority. But, let's face it--having a place that is close to your work and that is in a good school district will probably take precedence over our daydreams. Location factors that add value to your home could include close proximity to schools, shopping, highways, and other amenities. However, if your home is far away from them or is in a neighborhood that appears run-down or dangerous you will find the value of your home decreasing. An easy way to get a ballpark figure for your home value is to look up the value of other comparable homes in your neighborhood.

Age

Age is just a really expensive number. For some, buying an old home is a dream they've always had. Old homes have character and offer challenges when it comes to DIY repairs and renovations. For others, an old home means more headaches and more expensive utilities if it's drafty or outdated.

Features

Curb appeal is important, but once your prospective buyers are inside you'll have to keep them around with great, convenient household features. Lots of storage space, updated kitchens with new appliances, finished basements, or a beautiful backyard with a view can all add thousands to a home value.

Size

Square-footage is important to many homebuyers. In spite of the current trends around minimalism and being eco-friendly, the numbers show that Americans are buying increasingly larger homes and vehicles.

Market

You've probably heard the terms "buyer's market" and "seller's market" thrown around in conversations about real estate. They are essentially descriptions of the supply and demand of homes. Many buyers with few homes means you're in a seller's market, whereas a surplus of vacant homes and few prospective buyers means it's a buyer's market. This is closely tied to location, different cities and suburbs experience different rates of growth and decline depending on the local economy.


153 S Elm St, Haverhill, MA 01835

Commercial

$800
Price

1
Buildings
Commercial
Type of Comm.
2,080.00
Lot Size
Previously was a contractor's business in this space. A great for your workshop, electrical shop, plumbing warehouse, so many possibilities. Looking for space to expand your business from your garage to more space. You found it. Is your business out growing where you are then you found your new home. There is parking on the street. Start the year off in the right direction, growing with more space needed.
Open House
No scheduled Open Houses





69 Brockton Avenue, Haverhill, MA 01830

Winnekenni Park

Multi-Family

$329,900
Price

2
Units
2,527
Approx. GLA
Well maintained 2 family home that has been owned by the same family for over 50 years. Owner lives on 1st floor, buyer must agree that the seller can live there at a fair rent value for the next 24 months. 1st floor has large living room with wall to wall carpet, updated kitchen. Hardwood floor in bedroom. Laundry is in the basement for this unit. 2nd floor unit has living room and with pocket doors and a dining room, pantry and kitchen. Laundry for this unit is in the kitchen. Both units have a back porch. Full walk up attic with lots of potential for storage space. Off street parking for 2. First floor has C/A.
Open House
No scheduled Open Houses

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This Single-Family in Haverhill, MA recently sold for $311,000. This Other style home was sold by Lisa M. Corr - Olde Town Realty.


19 Lexington Ave, Haverhill, MA 01835

Single-Family

$324,900
Price
$311,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Quiet tree lined street home in Bradford. Hardwood floors through out. Large living room, nice dining room, Updated eat in kitchen, 3 good size bedrooms, and a 4th room which can be used for many purposes. Fenced in yard, 2 car garage, walk up attic which is semi finish,, 1 1/4 bath, 24 hour notice is needed.

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This Condo in Haverhill, MA recently sold for $200,000. This style home was sold by Lisa M. Corr - Olde Town Realty.


104 Cogswell St, Haverhill, MA 01832

Condo

$189,900
Price
$200,000
Sale Price

5
Rooms
2
Beds
1
Baths
Lovingly restored Ranch! Kitchen with granite counter tops, tile floor and new stainless steel appliances. Refinished hardwood floors in living room and bedrooms, entire interior freshly painted. Finished lower level with new Berber carpeting and rough in plumbing for future bath. Large sunroom leading to oversized deck overlooking level back yard. Easy access to shopping, commuter rail and highway. Just move in and enjoy!

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