Blog :: 10-2019

Welcome to our blog! Here you will find posts about can't miss properties, local events, and more! Here at Maple and Main Realty we pride ourselves on our knowledge of the Northampton area. Feel free to leave a comment, we would love to hear from you! If you have any questions, don't hesitate to contact us

To FSBO or not to FSBO, that is the question!

One challenge to being a realtor is negotiating commission for the sale of a property with a seller client. That percentage represents our livelihood. It is compensation for the hard work we do; work for which we are ONLY compensated if and when property actually sells. Realtors are always juggling numerous tasks simultaneously. We are scheduling appointments, canceling appointments, attending showings, fielding buyers, compiling information, scheduling photographers and inspections, chasing leads, chasing paperwork, hosting open houses, putting together marketing materials, attending inspections, negotiating deals, recommending attorneys and other practitioners, keeping our clients on track with deadlines, acting as sounding boards, advising and supporting our clients in many ways. We also play the role of go-between. This is a huge and important part of what we do. Buying and selling real estate is high stakes, and can be fraught with emotion. Having an experienced advocate to help you navigate the potential hiccups is important. For many clients, it is invaluable. Having just come off of a spring market in the Northampton area wherein there were numerous FSBO's, I thought this article from Realty Today was important to share with our readers.

Selling a Home Without a Realtor: Know These 4 Risks

Posted by Candy (media@latinospost.com) on Mar 26, 2015 07:09 PM EDT

FSBO tablet

An owner may consider selling a home without a realtor. It's called "for sale by owner" (FSBO) or "fizzbo." However, it's not always blue skies and butterflies when deciding to do this; the homeowner has to be cautious with this decision.

Know these 4 main risks in doing FSBO, before you proceed:

1. It May Take Too Much of Your Time

Selling a home is not as simple as it may look like. Yes, marketing can be simply posting your ads online or even asking your friends to promote it to their network of friends. However, you have to do most of the work by yourself like answering inquiries, setting-up appointments, meeting and touring your would-be buyers.

If you are working or you have your own business, you may need to clear some of your appointments to compromise with your client's free time. In essence, this may be quite tiring for you. You may even be risking opportunities in your own work or business by focusing on this.

 

If you find yourself complaining about too much work, then you might need to rethink if you are willing to do this all the way. This point is just the beginning.

2. Screening of Serious and Qualified Clients

You will have to do the screening of your potential buyers on your own, basing on their commitment and qualifications. Some prospects may appear too excited and committed to buy your home but then bail out in the last minute because of various reasons. They may also have not passed the loan requirements set by the banks. If you fail to assess them well, you risk losing the clients who are more serious and more qualified buyers.

Tip: You must be firm in accepting clients that are pre-approved by the banks, says a 2009 report by CNBC.

3. Not Knowing the Right Value For Your Home

A professional realtor is knowledgeable of the current asking prices and market values of the houses within your area. He could advise you if you are undervaluing your home or asking too much for it.

In 2014, the National Association of Realtor reported that the median price for a home sold with a broker was $215,000, while a house sold without a broker was $174,900, basing from a 2013 Profile of Home Buyers and Sellers study.

Imagine the difference of more thant $40,000! Most buyers think that they would be saving around 5-6 percent for broker's commission if they do it on their own. But basing from this report, if you do FSBO, you are actually not saving. You should be getting around 23 percent more of your asking price.

On the other hand, if you want to sell your house this spring season, asking too much could also increase the risk of not getting any sale at all, says Lynn Findlay, a Realtor with Coldwell Banker Residential Brokerage in Belmont, as reported in Bankrate.

Buyers have also surveyed 10-15 properties before buying, notes an NAR Study. This would mean, buyers are also knowledgeable of the prevailing market prices in your area.

4. Negotiation and Closing Problems

You have to close the sale on your own and with that, create a binding contract between you and the buyer. What if he asks for the furnishing to be included in the deal? What if he likes it in a rent to own style? What if he asks for a discount? A licensed realtor can help you by negotiating for you and he also makes sure  that your contract is legally binding and complies with all local regulations, notes Realtor.

You may negotiate and draft your contract without any advice but must face risks of not being able to put important matters in the agreement or be shocked that the buyers find a loophole in your contract.

So, consider all these things first and decide if you will do the FSBO process.

 
© 2017 Realty Today All rights reserved. Do not reproduce without permission.
 
 
 
 
 

The Benefits of a Native Pollinator Garden

One way to help support local ecosystems is to plant a native garden with plenty of pollinators. Having just planted garden beds in our yard, I was excited to see the following piece in the Daily Hampshire Gazette, touting the benefits planting a garden with native plants. Personally, we have opted to plant a small area of grass, with a good deal of ground cover, pollinators and native plants to round things out. Not only will this be a lower maintenance landscaping plan, but we will be providing food to local pollinators! Read on for more information below,

A caterpillar of the eastern black swallowtail butterfly (Papilio polyxenes).  FOR THE GAZETTE/Katie Koerten

Earth Matters: A living, breathing yard with native plants

By KATIE KOERTEN 

For the Gazette 

 

After years of dabbling in gardening, I still don’t consider myself a gardener. I don’t have a lot of free time to devote to weeding and landscape design; I’ve never had a lot of extra money for big garden projects, and I’m not attentive enough to remember to water. But I do love plants, and I’m making my outdoor space a place where bees, songbirds, hummingbirds, caterpillars, butterflies and other creatures can thrive. Gardening can be less work if you choose native plants, and those are the best ones to plant to bring lots of life to your yard.

I learned this last year at a talk, “Native plants: What’s good for nature is easier on the gardener,” by Dan Jaffe. Dan was the main plant propagator for the Native Plant Trust (formerly the New England Wild Flower Society). His talk focused on how to create a low-maintenance garden made up of plants native to New England that would encourage not just pollinators, but many living things as part of a thriving, interdependent ecosystem. When I bought my house I inherited a garden filled with mostly non-natives, some prolific spreaders. I attended the talk because I was curious how to replace these plants with beautiful, low-maintenance native alternatives.

Since native plants evolved here, they can live here with little attention from gardeners. Dan said that after planting, he waters and cares for his new native plants for a year when they’re herbaceous, and for two or three years if they’re shrubs or trees. But otherwise, he does very little maintenance after planting because native plants are relatively resilient, provided they are planted in the right soil and sunlight conditions. Dan began by talking about mulch. Having started in conventional landscaping, he had an interesting perspective. He noticed that mulch was a huge part of landscaping, used to keep soil moist, temperature stable and weeds down. But it didn’t work very well. Landscapers needed to keep coming back all summer long to maintain mulched gardens, at great expense to the homeowner. Why not mulch the way the forest does, with a low herbaceous layer that does these functions just as well, and is arguably much more beautiful? Dan suggested the native mulch alternatives Canada mayflower (Maianthemum canadense), foamflower (Tiarella cordifolia) and creeping phlox (such as Phlox divaricata). Since then, I have added foamflower and creeping phlox to my garden beds in the hope that they will slowly form a ground cover that keeps unwanted volunteers down and keep the soil stable. Not to mention it will create an interesting texture, produce more microhabitat for living things, and attract insects with the beautiful blooms. 

Attracting insects is a major goal of my garden. It gives me something exciting to do with my three-year-old. This summer my daughter and I were delighted to discover our first-ever eastern black swallowtail caterpillars munching on our garden dill. Gorgeously patterned with green and black stripes and spots, swallowtail caterpillars can be found munching most members of the parsley family. As a parent and environmental educator, one of my greatest pleasures is to share the cycles of the natural world, like the life stages of a butterfly, with children. Finding tiny living creatures with their own sets of survival needs lays a beautiful foundation for empathy and wonder for the natural world. Furthermore, insects are a vital part of any backyard garden ecosystem. Many are responsible for the perpetuation of plants via pollination; others make up the diet of bats, birds and other insects; still others keep aphids and other so-called pests in check. In other words, if you have a diversity of insects in your garden, you’re doing something right to support life.

 Dill and parsley are great, but they’re annuals; native perennials are better, especially from a low maintenance perspective. In his talk Dan pointed out that our gardens should support pollinators at all stages of life, not just adult; in other words, we should provide not just brightly colored nectar-rich flowers for butterflies, but plants with yummy foliage for caterpillars as well. The milkweed group, Asclepias, is the only plant on which monarch butterflies will lay their eggs, and the only food for monarch caterpillars. Common milkweed (Asclepias syriaca) is relatively easy to grow and propagate by seed, though it is an enthusiastic spreader. Butterfly weed (Asclepias tuberosa) is another beautiful milkweed option. A number of unique caterpillars love green and gold (Chrysognum virginianum), Dan said. Solidago, the goldenrod group, is also extraordinarily supportive to pollinators, and there are many to choose from (some more prone to spreading than others). 

Dan’s talk spoke to what a lot of us are wanting: to help our planet and to start in our own yards. The idea that I can do something in my own yard to counter the deleterious effects that insects are suffering due to pesticides and habitat degradation — while not doing all that much work — gives me so much joy and hope. I may not have the greenest thumb but I am motivated by a love for the natural world and a desire to create a haven for living things in a world full of serious threats to life. My goal is to add a few native plants every year that support insects and other life. 

Katie Koerten is an environmental educator at the Hitchcock Center for the Environment. Dan Jaffe is co-author of “Native Plants for New England Gardens,” a New England Wild Flower Society book published by Globe Pequot Press in 2018. It is available at numerous public libraries in this area.