Middleboro Condos
Middleboro is a historic Massachusets town that was settled in the 1600s. The town was initially named Nemasket by the first settlers who arrived in 1661. Its name was then changed to Middleborough before 1670, and it has been referred to as its current name since then. The town was first home to a large Native American settlement, and it later was an epicenter for industry and manufacturing in the Industrial era during the 1800s. It was once home to the country's largest shoe manufacturing company, which still has a presence there. The industrial background of the town has made it an important center of commerce in the past, and it continues to be a commercial hub today. The town is a desirable place to live for its access to both Cape Cod, which offers beaches and quaint shore towns, and Boston, which is one of the region's top cities. The town is serviced by I-495, which is a direct route to the Cape. It is also a junction for Route 44, Route 18, and Route 105. Rail service, which has existed since the 1840s, continues to be a primary mode of public transportation. The closest airports are the Plymouth Municipal Airport and the Taunton Municipal Airport, and Boston Logan International Airport is just a short drive or taxi ride away.
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In addition to its proximity to Boston and the coast, the town is an attractive place to live for its home values. The average price of a home here is $332,300 in the first part of 2018. This marks a 7.3% increase in average home value since 2017. Experts believe that home values will continue rising, and they will end up about 3.4% higher by 2019 than they were in 2018. This forecast bodes well for prospective sellers, as it means that they can command a higher asking price when choosing to list their homes on the market. As of 2018, the median price of homes sold is $325,200. This is slightly higher than the median listing price, which is $299,900. In April 2018, the median list price by SF was $183, which is considerably lower than the median list price of the Boston metropolitan area, which is $268.
Along with local, regional, and national economic influences, foreclosure rates and the overall financial health of the local market are factors that weigh into home value, listing price, and ultimate sales price. In this town, about 7.6 homes out of 10,000 are foreclosed on, which is more than the national value of just under 2%. The rates of mortgage delinquency in this town are 2.4%, which is more than the national delinquency rate of 1.6%. Some homeowners are also underwater here, as is common across the country, which means that they owe more on their home than the home is worth. Here, there are about 6.6% of homeowners in such a situation, which is slightly more than the rate of 6.3% in the United States.
Buying a home, regardless of whether you are a first-time buyer or seasoned homeowner, is an investment of time and money. Fortunately, our staff is on hand to walk you through the process. First, you'll be in the best position to get your preferred home and negotiate a favorable asking price if you shop for mortgages and get pre-approved before making an offer. In addition to working in your favor for negotiating a price, getting pre-approved helps you set realistic goals for financing a home. We'll also help you explore neighborhoods and determine what community amenities and the conveniences you need. After narrowing down your list for prospective homes, we'll work with you to attend open houses and make a final offer.
As a prospective seller, you'll also need to dot your “t's” and cross your “i's.” This extends from the initial phase of cleaning up your home to make it show-worthy for staging, to finalizing a sales contract with a buyer. There are many legal and financial nuances that you might encounter in the process, but we're here to help you work through them. Whether you're not sure how to market your first property for sale, want to maximize your sales price, or need advise on setting a closing date and creating a sales contract, contact our office for assistance, and we'll work with you from start to finish.
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