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Home Prices: Past, present and future

by Michael Olear | Jan 30, 2016 | Buffalo, NY Real Estate, Uncategorized

CoreLogic?released their most current?Home Price Index?last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps...

What you really need to qualify for a mortgage

by Michael Olear | Jan 27, 2016 | Buyers, mortgage payment, Uncategorized

A recent survey by?Ipsos?found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today?s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down...

NAR reports reveal two reasons to sell this winter

by Michael Olear | Jan 25, 2016 | Sales Statistics, sell my house, Sellers, Uncategorized

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the?National Association of Realtors?(NAR) revealed information that suggests that now is a great time to sell your...

Do you know the difference your interest rate makes? [Infographic]

by Michael Olear | Jan 23, 2016 | Investment, mortgage payment, real estate value, Uncategorized

Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford. Experts predict that rates will increase by 3/4 a percent over the next 12...

Prices and mortgage rates going up in 2016

by Michael Olear | Jan 20, 2016 | mortgage payment, real estate value, Uncategorized

The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016. Home Prices CoreLogic?has...
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Are you looking to purchase property located in the Erie/Niagara region of New York?

Yes
No

?Are you going to sell this house for yourself or someone else?

Selling My House
Selling for Someone Else

Is the property being sold located in the Erie/Niagara region of New York?

Yes
No

Elderlife Real Estate is a real estate service specializing in the needs and requirements of older adults and those who care about them.? We have specialized in this since 1999. Michael Olear?s initial career included a Master's Degree in Social Work and this blend of social work technique and real estate brokerage has created a hybrid service that has been uniquely useful for hundreds of families in WNY.? Several realtors on the team have the Seniors Real Estate Specialist designation.

Whether it?s downsizing from the family house to a smaller home, moving to a senior community, or acting as a POA or executor, we know that the last thing you want is to focus on the details.

We will plan out every aspect for you including household sale, repairs, inspections? Allow us to handle the specialized work of selling your property so your attention is where you need it to be.

 

Is the property being sold located in the Erie/Niagara region of New York?

Yes
No

Executor Information
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We assist every seller with creation of a written timeline, loosely scheduled at first, that includes all major tasks to be performed in the most beneficial sequence for that individual?s circumstance. Two samples are included below:

House A: Tonawanda, NY

  • Schedule meeting with town plumbing inspector
  • Schedule meeting with town electrical inspector
  • Meet town plumbing inspector for evaluation
  • Meet town electrical inspector for evaluation
  • Schedule at least 2 estate liquidators
  • Meet liquidators and obtain their quotes, contracts and plans of action
  • Schedule engineer for home inspection to evaluate basement cracks and provide complete written, home inspection report
  • Obtain estimate for installation of drywall, finishing and painting.
  • Report back to owner regarding progress of estate liquidator by phone, email and photo
  • Report back to owner regarding cleanout of house by liquidator by phone, email and photo
  • Arrange for installation of drywall, finishing and painting if required by contract of sale.
  • Arrange for electrician and plumber if required by town
  • Schedule any other contractors that may be requested by owner including lawn, snow plowing, property management, etc.

House B: Amherst, NY

  • Obtain engineer report with respect to basement
  • After obtaining engineer?s recommendation, obtain two estimates for foundation repair, flushing drain tile and basement seepage that also includes transferable warranty
  • Arrange for basement repair and document completion for owner with photos
  • Obtain two estimates for plastering/painting kitchen, back hall way, living room and upstairs bedroom (lower part of wall and one side wall ? match color of remainder of room)
  • Ask painter if they will clean brick at the top of hearth in family room. Obtain estimate for upstairs painting just to see how much it would be.
  • Arrange for painting as per approved estimate and document completion for owner with photos
  • Obtain two estimates for replacement of hot water tank
  • Arrange for installation of new hot water tank and document completion for owner with photos
  • Arrange for removal of any junk in basement and arrange for cleaning of same and this includes shop vac for all spider webs as well as power washing walls and floor after sweeping ? document for owner with photos
  • Approach neighbor if necessary regarding establishing written maintenance agreement or common driveway
  • Arrange for carpet cleaning in the 1stfloor
  • Put caution tape across access door to attic

The Olear Team/MJ Peterson had a 100.02% list price to sale price ratio in 2019. The marketplace average in Western New York for the same time period was 98.1%. The list price to sale price ratio is how much you sell for compared to your asking price. In 2018, the Olear Team averaged 98.9% and the market average for all other realtors was 96.7%.

The Olear Team/MJ Peterson averaged 11 days on the market in 2019. Days on market is the time interval from when a house is listed to when it is actually under contract. The broader market average for all other real estate agents combined was 35 days. In 2018, The Olear Team averaged 19 days and the market average then was 42 days.

The Olear Team’s 4 Step Maximum Value System

Nov 20, 2020

The Olear Team at MJ Peterson assists buyers and sellers of residential real estate throughout Erie and Niagara Counties. We have specialized programs for older adults and their caregivers, as well as a comprehensive project management program that facilitates every...

Prepare Your Water Heater for Winter

Nov 6, 2020

As we enjoy the last few weeks of nicer weather, it is also time to ready our homes for the coming snow. One of the most important home maintenance precautions to take before the cold sets in is to ensure your water heater is in tip top condition. Check the...

Project Management

Oct 29, 2020

Our Project Management service is a complete package of preparation, sale and closing of both personal and real property. This is ideal for the adult child helping a loved one long distance or the local executor who is swamped with work and the other demands of life....

Booming Buffalo Real Estate

Oct 23, 2020

Have you been thinking about selling your house, but the recent health crisis has made you hesitant about the real estate market? Contrary to popular belief, listings have been selling at the same rate for just as much as they would have before, even more so because...

The Olear Team takes proactive approach to safe real estate sales during pandemic

Oct 15, 2020

A new “Sell Safely” program that gives real estate buyers and sellers added peace of mind during the ongoing pandemic was recently introduced by The Olear Team at MJ Peterson Real Estate. “Getting your property on the market doesn’t have to mean putting your safety at...

The Olear Team
1244 Niagara Falls Blvd
Buffalo, New York 14150
716.880.4442
info@olear.com

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