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Step by Step Downsizing – How to Simplify It

Step by Step Downsizing – How to Simplify It

by TheOlearTeam | Jul 11, 2019 | Buffalo, NY Real Estate

You’d love to find a place that’s the right size for you, but what do you do about all that “stuff”? Michael Olear from MJ Peterson has 30 years experience and he will offer a simple, step by step approach to preparing for a downsizing move....
Here?s the 411 on PMI (private mortgage insurance)

Here?s the 411 on PMI (private mortgage insurance)

by TheOlearTeam | Jul 3, 2019 | Buffalo, NY Real Estate

While experienced home buyers might know the thought process behind private mortgage insurance ? commonly referred to as PMI ? first-time homeowners might be new to the term and have no idea what it is or why it?s needed. So, here?s the 411 on PMI. If you?re...

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  • Welcome Home to Buffalo
  • “So Mike” Web Series
  • YTD Average Sale Price +9.2%
  • The Olear Team’s 4 Step Maximum Value System

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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
I'm looking for help with" *
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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.

Jailhouse Rock or Dream Home

Jan 15, 2021

While scrolling through home finding websites you might find some interesting properties up for sale. A quaint 4 bedroom 2 bath cottage with a great exterior might catch your eye, complete with a row of prison cells. Yes, you read that right! A 2,190 sq ft home is...

Welcome Home to Buffalo

Dec 18, 2020

The trend of moving down south to get away from the snow might just be turning around, as we have found Buffalo residential real estate booming this year. Out-of-towners are unexpectedly flocking the 716 market as the pandemic ensued this year. A study reported by...

“So Mike” Web Series

Dec 11, 2020

Do you have questions about the world of Real Estate? We are starting a web series answering commonly asked questions and clarify misconceptions, and we want to hear from you about what topics you want covered! Whether it is defining terms, suggesting questions for...

YTD Average Sale Price +9.2%

Dec 4, 2020

Back in May during lockdown we predicted an increase in the average sale price of at least 6 to 7% in real estate value. The Year to Date numbers just released by the local Board of Realtors indicates a 9.2% increase in the average sale price. This has been fueled by...

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...

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

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