Looking for something fun to do this weekend in the WELLESLEY and Metrowest Boston area? Head to ‘Medfield on the Charles’ Classic Car Show on Sunday, June 26th, from 9:00 am - 4:00 pm. This annual event has moved this year from Elm Bank Reservation to the grounds of the former Medfield State Hospital. This new site allows for greater space for classic car lovers and enthusiasts to enjoy the day.

Grab the whole family and admire over 800 antique, classic, and custom automobiles. This year's attractions include the Batmobile...with a special appearance by Batman himself!...and antique fire engines! Enjoy some Ben & Jerry's ice cream along with other food on sale as you rock out to the band Four on the Floor or dance away to the tunes spun by the DJ. There is truly something for the car enthusiasts and families alike at this great event.

We can't wait to see you all amongst the hot rods at the ‘Medfield on the Charles’ Classic Car Show this weekend!

Event Details

Date: Sunday, June 26th, 2016

Time: 9:00 am - 4:00 pm

Location: Medfield State Hospital (45 Medfield Road, Medfield)

Cost: Adults - $7, Children under 12 - Free

For more information on summer events around the Metrowest area visit our Blog and Facebook Page frequently.

CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water.

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

Continue reading at this link: EQUITY REPORT

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find some problems with the house
• The appraiser if there is a question of value

Read the rest of this blog at this link:  5 Reasons Not to FSBO

Buying a new house is an exciting and important time! There is no better place to call home than METROWEST! House hunting in a seller's market, though, adds more factors for you to consider during the process. Although the market might not be favoring buyers at the moment, there are many things that you can use to your advantage to help you buy your dream home! Look through the current HOME LISTINGS so we can help you begin this exciting journey, and follow these 6 useful tips for buyers in a seller's market.

WORK WITH AN EXPERIENCED AGENT. Eliminate some of the time and stress that comes with house hunting by working with an experienced real estate agent. Team Lynch Real Estate is here to help you find your dream home! Let us know exactly what you are looking for. We understand the Metrowest housing market, now what is available, and can negotiate the best deal for your new home! Read TESTIMONIALS from our past clients.

BE PREAPPROVED BY A LENDER. Get preapproval for a loan from a reputable lender that you can present to the seller. This shows that you are serious about buying the home and makes the seller feel more comfortable knowing that your finances are in order. If you already know that you can afford the home and have a high credit score, get this part of the process out of the way when you initially start your house hunting process. It can help you stand apart from the other buyers. For help with the kinds of loans that are available for you, check out our FINANCE INFORMATION.

BE DECISIVE IN MAKING AN OFFER. Buying a home is a major decision so being thoughtful about the home you make an offer on is imperative. But don’t get bogged down in over analyzing. Before you begin the house hunting process, be sure to know exactly what you are looking for in your dream home…price, location, and type. When you find a home that checks all of the factors you have previously determined, make an offer! You don’t want to miss out on your dream home due to over thinking.

MAKE YOUR BEST OFFER. Start with a strong opening offer. You should know the maximum that you are willing to pay. Although we all want to get the best deal possible, in a seller’s market competition is high. If you come in with too low of an opening offer, you could miss out on your dream home. Be aware of what other houses are on the market and the pricing of the homes in the area. This will help you determine what is an appropriate amount to negotiate for the house you want. Have a strong opening offer that you are comfortable with AND that will be acceptable to the seller. To strengthen your offer, consider including an OFFER LETTER . An offer letter can help you stand out from other potential bidders and help to personalize why you are interested in the seller’s home.

PREPARE FOR A BIDDING WAR. Bidding wars inevitably cause stress for buyers. The fear of missing out on your dream home is understandable. However, competition in a seller’s market is high. Know what you are willing to pay and search for houses below your max budget. This will help you avoid spending more than you are comfortable with should you end up in a bidding war.

LEARN FROM YOUR MISTAKES. You might not get the first home that you make an offer on. In a seller’s market, it is likely that you will have to make several offers on homes before finding the perfect one for you. Recognize what happened with the transactions that don’t work out and learn from them. Stay true to what you want and realize that there are other options in Metrowest that our team will be happy to help you find!

Source: Trulia

On Friday, June 3^rd, the 2016 graduating class of Wellesley High School celebrated their extraordinary academic achievements at the commencement ceremony held outside at Hunnewell Field. This graduating class carried on the proud tradition of excellence at Wellesley High School, representing its 147^th graduation ceremony.

The 2016 class was the first class to spend all four years in the newly built, $115 million dollar, Wellesley High School. This beautiful facility features the latest educational technology and green design elements. Wellesley High School is recognized for its dedication to academic excellence and innovative programming. The school was ranked as the 21^st best high school in Massachusetts by U.S. News and World Report in 2016 based on college readiness and state test scores. The city of Wellesley is proud of its public school system and the incredible achievements of its students.

We wish much success to the 2016 Wellesley High School graduates in all their future endeavors!! Go Raiders!

If you're interested in Buying, Selling or Investing in Wellesley, Natick, or any other Metrowest Community, give Team Lynch a call or visit our website at: www.teamlynchrealestate.com/. 

Home Buyers are actively looking for homes NOW! If you've considered SELLING your Metrowest Home this year, give us a call!

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).

Get the new rates and learn more by clicking here: Historic Low Mortgage Rates

It’s everyone’s favorite day of the year...TAX DAY!!!

Ehh, not so much….

For all of you stressing over this  day, Marketwatch has some great advice. File an extension!! In an article posted by the news source, there are 7 excellent reasons why many people should consider an extension. And contrary to popular belief, filling an extension doesn't automatically raise red flags at the IRS. So if you need the time, or have any one of the following situations present, do yourself a favor and file an extension and give yourself until October 15, 2016 to file.

7 Excellent Reasons to File a Tax Extension:

1.)   You have a balance due and need more time to save up money to cover it. Give yourself that extra 6 months.

2.)   Made charitable donations over $250 to one or more charities and don’t have the proper receipts (which must include the name of the charity, address, taxpayer ID number, and a statement that you did not receive any benefits or items of value for your donation) to submit with your taxes? The IRS is very strict on submitting the required documentation so an extension would give you an extra 6 months to get everything in order.

3.)   Have you recently moved homes? Or are you planning to move within the next few months? If yes, it benefits you to submit an extension because the IRS may need to follow up with you on your taxes and they send all correspondence to the address you have on file.

4.)   If you are waiting for K-1 forms from partnership entities, S-Corps, estates, or trusts you should file an extension.

5.)   Sometimes rushing through your personal or business bookkeeping can cause sloppy or incorrect taxes. Don’t rush and do it right. File an extension to give you that extra time.

6.)   Have a large balance this year? Making contributions to your 2015 retirement plan can help reduce that balance. File an extension if you would like to benefit from this. You have until October 15th to open or add to your retirement fund.

7.)   And finally…. You still have questions regarding your taxes that you have not had answered. Give yourself some time to get everything settled.

Best of luck this tax season!

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Being able to purchase our own home has been a dream of almost every American from the time they could conceptualize what it really meant. While some people will tell you that the "dream" of owning a home doesn't exist in the same fashion it once did, recent studies by the " Homebuyer Insights Report" may prove otherwise. To learn more about the report click here!

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included these revelations:

follow this link for the rest of the BLOG: Home Buying Next 5 Years