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      Agent Spotlight

      About Michael

      Executive Vice President of Gibson Sotheby's International Realty, Michael Carucci has been one of the most trusted names in the Boston real estate market for more than 30 years.

      Michael is one of Boston's highest producing agents and is consistently ranked in the top 1% in sales volume for the Greater Boston area. He is a recognized expert in the residential and commercial Boston real estate market and is regularly quoted in articles, appearing in the Boston Globe, Boston Herald, Boston Business Journal, and Banker & Tradesman. He is also a contributing editor for Boston Common Magazine...

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      Michael's Testimonials

      "What sets Michael apart from other brokers is his attitude that the job doesn't stop when the ink dries on the closing papers. He was a tremendous help when my family and [...]

      Michael is knowledgable, patient, and professional. If you’re considering a sale or purchase, I recommend Michael Carucci.

      Michael has an exceptional ability to uncover opportunities in an otherwise very competitive market. His follow through and execution make all the difference.

      Michael did a great job closing the deal for us per my specific requests. He is very responsive - he always picks up the phone when I call him. I highly recommend him.

      Working with Michael is always a pleasure. Whether on a residential sale or purchase, or a larger multi-family or retail transaction, you know that your interests are being looked after by one of [...]

      Michael Carucci's knowledge, advice, and guidance of the property market is extraordinary. Coupled with Michael's genuine concern for the welfare of the family in a stressful [...]

      "Michael is a star broker. By that, I mean he brings buyers and sellers together and makes deals happen. Both parties leave the closing table happy. He knows everybody and everybody knows him. [...]

      Michael represented me on both the sale of my home and the purchase of a new one that better suited my family. Michael’s execution was flawless and I would highly recommend him for any of [...]

      Blog :: 11-2014

      Boston Common Frog Pond Opens for Winter Skating Season

      It's freezing and the ice is ready ... And that means tomorrow, Saturday, November 22nd is the opening celebration of the 2014-2015 skating season at the Boston Common Frog Pond!

      The rink has evolved over the years into a popular skating destination for locals and visitors complete with café, complimentary Wi-Fi, rental lockers, music, events, skate rentals & lessons and offers incredible views of the city! More information and details can be found on their website at: http://www.bostonfrogpond.com/

      Since 1898 children of all ages have enjoyed the Boston Frog Pond. The location, which was originally a spring-fed watering hole for the city's cattle dates back to the founding of the Boston Common in 1634 and yes, it did have frogs!

      In the1840s, water demands for clean drinking and fire fighting were answered via water storage on the location. The water was provided from the Sudbury River via the Cochituate Aqueduct in Brookline and then piped in.  A fountain was built and the dedication ceremony for this historical event drew 100,000 people.

      Because the location has always remained pundeveloped and undisturbed, an archeological site was discovered in 1988. The site revealed that in pre-historical times, people made pottery and stone tools from local resources, hunted and ate clams. More information and an incredible digital reconstruction of the evolution of the Boston Common can be found on the following pages:

       

      http://www.theshawmutproject.org/FrogPond

      https://www.citywalkingguide.com/boston/tidbits/frogpondfacts

       

      Group Boston Real Estate's Michael Carucci Brokers the Sale of 44 Concord Square in Boston's South End for $4,300,000!

      Group Boston Real Estate's Michael Carucci Brokers the Sale of 44 Concord Square in Boston's South End for $4,300,000!

      Located in Boston's South End,  44 Concord Square is a pristine, investment-grade lodging house. The 5-story, 16-unit property boasts roughly 5,331 square feet and  4 parking spaces.

      Mr Carucci represented both the buyer and seller in this transaction.

      About Group Boston Real Estate:

      Group Boston Real Estate is a boutique real estate brokerage in Boston's prestigious Back Bay neighborhood, specializing in the sale of luxury homes and condominiums, as well as commercial and investment properties in the Greater Boston area. With a background comprising of over 100 years of collective real estate experience in every property category and an excess of $5 billion in successfully completed real estate transactions, Group Boston Real Estate continues to raise the bar in the industry and local community. More information on Group Boston Real Estate is available at www.BostonRealEstate.net.

      Patty McIntyre

      Group Boston Real Estate

      617-262-1900

       

      Boston Scores Top Cultural Planner For New Chief of Arts Appointment

      Hats off to Mayor Martin J.  Walsh for landing Julie Burros as Boston’s first cabinet level Arts Chief, who will be sworn into office in December.

      Ms. Burros’ extensive experience and skill at getting things done within city government in Chicago, was a big factor in decision-making of the appointment which began as a nationwide search in March. “There were benefits to choosing an outsider.” “It’s an opportunity to bring somebody in who doesn’t have any preconceived decisions on what programs work and what programs don’t,” Walsh said.

      More Information about this Appointment and Julie Burros’ impressive background can be found on the Boston Globe's Website at: 

      http://bit.ly/1uyaiYO

       

       

      Massachusetts Earns Highest Rank on National Energy Efficiency Scorecard

      Great News! The American Council for an Energy-Efficient Economy (ACEEE) released its 2014 State Energy Efficiency Scorecard for the nation and Massachusetts ranked #1 for the most efficient state. Looking at what steers leadership to manicured carbon footprints, are regulations, education and major dollar incentives in the form of grants, rebates, and energy programs which offer energy saving performance contracts to it's residents.

      State buildings (owned or leased) were under executive order to reduce their overall energy consumption by 20% by fiscal year 2012 and by 35% by 2020. This order also requires that all new state construction and major renovations meet Massachusetts LEED Plus green building standards which requires them to perform 20% better than state agency code. This mandate along with the aforementioned incentives has really "cleaned house". 

      Along with these wonderful incentives, Massachusetts's Green Communities Division has also designed and implemented a web-based tool that helps residents make educated decisions about energy efficient investments. It provides them with gas, electricity and oil usage information and waste guidelines. Further, Massachusetts is a partner in the United States Department of Energy's Better Buildings Challenge, a voluntary program that sets and tracks energy goals and recognizes leading participants. 

      Then there are websites like www.masssave.com sponsored by Massachusetts utilities and gas companies which offer rebates, free energy audits, advice, assessments, training, money saving ideas and budget assistance to those who qualify. 

      Massachusetts should be proud of this accomplishment. Cleaner air, cleaner rivers, cleaner work places, less energy consumption, greater efficiency, less maintenance and more appropriately allocated state and personal dollars. It's a win, win, win, win, win!

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        Despite rental housing cool-off, Boston's sales market remains hot!

         

        The Boston Business Journal reports that nearly half of all homes listed for sale saw a reduction in their list prices during the third quarter of 2014, which ended September 30th. According to the data provided by Zillow (a public online real estate database), the average price cut per home was 5%.

        While regional market trends indicate a shift towards a buyers' market, Group Boston Real Estate's President, Michael L. Carucci, states that "sales in the desirable neighborhoods of Beacon Hill, Back Bay and the South End remain strong and unaffected." He does believe, however, that the shift is permeating Boston proper's rental housing market, which is creating welcoming opportunites for renters.

        To learn more about the value of your home or investment property in today's market, you can reach Michael Carucci at 617.901.7600 or michael@bostonrealestaten.net
         

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          Tom Brady, Gisele Bundchen Finally Bound for Brookline

          The Hub's It couple has inched that much closer to being able to build a new estate on 5.2 acres in Brookline's slice of Chestnut Hill. After three delays since Thanksgiving to address what it called "neighborhood questions," the Brookline Zoning Board on Thursday night plans to hear out Pine Manor College about its sale of the land near Woodland Road and Heath Street to Tom Brady and Gisele Bundchen.

          The couple, per Laura Raposa at The Herald, want to build a 7,465-square-foot main house; a 1,675-square-foot cottage for the help; and a 1,342-square-foot yoga studio (which will also be known, ironically, we guess, as a "barn"). Currently, Brookline has a 150-square-foot limit on so-called accessory buildings like said barn, so Brady and Bundchen would need a waiver. They already have the blessing of would-be neighbors Robert Kraft, the principal owner of the Patriots, and his son Jonathan.

          Ever since they unloaded their Back Bay penthouse for $9,200,000 last summer, speculation has swirled over where they couple might live if they might live in the Boston area (they have been renting the penthouse and recently completed a mammoth L.A. redoubt, complete with a moat). The speculation soon settled upon somewhere in Brookline. Where it remains. Stay tuned. 

           

          Courtesy of Tom Acitelli at Curbed.com

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            Home Shopping? Be ready to move fast!

            tephen Hussey, a Boston-area home inspector and real estate agent, sees it too often: home buyers blowing deals because they simply weren’t ready to compete in today’s fiercely competitive housing market.

            “When it comes time to pull the trigger, you have to know what to do and move fast,” said Hussey, a home inspector at JMC Associates in South Boston and a real estate agent at Meridian Realty in the Back Bay. “You have to be as proactive as possible.”

             

            At a time when sellers are gladly fielding multiple bids, real estate specialists say the edge usually goes to those who have done their homework, nailed down financing, screened and hired a trusted real estate agent and home inspector, written advance purchase-offer letters, and mapped out a clear, disciplined bidding strategy.

             

            “I’m seeing who’s winning and losing in this market and it’s usually the little things that make the difference,” said Andrew Sarno, a realtor at Re/Max Andrew Realty Services in Medford. “Inexperienced people are getting creamed out there.”

             

            Here is a quick guide to moving fast:

             

            Research

            See how fast homes are selling in your target market — and how much above asking price. Then once you get over the shell shock, think about expanding outward to other communities — and do your homework there, too. Sarno said he has seen people with their hearts set on living in trendy Cambridge, Somerville, or Arlington, only to be overwhelmed by the mass of buyers at open houses and the high bids offered right away.

            When Sarno suggests those buyers widen their search to less expensive communities — in this case, Medford, Melrose, or Malden — they usually haven’t researched those markets properly and their slow reaction can cost them even more deals.

             

            Financing

            There are a lot of pitfalls in getting a mortgage, and even the most careful buyer can overlook something as simple as an expiration date.

            First, understand that being “prequalified” doesn’t mean you are ready to close fast. Prequalified is usually an informal, tentative agreement from a lender that establishes the rough parameters for a future mortgage, said Vincent Gregory, a vice president and regional sales manager at Rockland Trust.

            Being “preapproved” is a more rigorous process and puts a buyer in a better position to move fast. This entails providing the gamut of financial info — pay stubs, tax returns, etc. — so lenders can calculate what they might offer, Gregory said. During this process, lenders will also check your credit history, so it makes sense to beat them to it and review your credit records for accuracy.

            Even then, some people with preapprovals forget the offers are usually good for only 90 days. Banks also reserve the right to change terms if interest rates rise, as they have in recent months, Gregory said.

            Those changes can slow the bidding and closing process, so stay in close contact with the lender that provided the preapproval.

            Kimberly Allard-Moccia, a broker at Century 21 Professionals in Braintree and president of the Massachusetts Association of Realtors, said she has seen buyers blow last-minute deals because they weren’t aware their mortgage agreement was either inadequate or expired.

            “Many sellers in this market don’t even want nonapproved people in their homes,” said Allard-Moccia.

             

            Bidding

            To speed through the shopping part, buyers should have a firm idea of “must-haves” and “desirable but not critical” items that they can quickly check off while touring homes. Also expect most homes to attract multiple bids — often 5 percent or more above asking price — so make sure you know beforehand what your absolute limit is.

            Allard-Moccia said it helps to have cash handy for an immediate deposit — usually about $1,000 upfront and an agreed-upon additional amount within about 10 days. A deal can fall apart over deposit mishaps, she warned.

            Real estate specialists said buyers can move more quickly if they already have a polished letter drawn up, that includes polite, flattering things about the seller’s home. Faced with similar bids, a seller may well go with someone they like.

            One real estate agent knows of a buyer who won a bidding contest because she mentioned in an offer letter that she was a single mom, while another bidder landed the purchase because he had mentioned he was a war veteran.

             

            Post P&S

            Make sure you have a home inspector lined up before making an offer.

            Buyers should never waive their right to have a home inspected before a purchase, even if the seller is pressuring you to do so. Instead have an inspector at the ready, who is willing to show up right away. You can head off trouble by including a clause in the offer letter that you won’t renegotiate if the inspection finds less than, say $5,000 in potential repairs.

            The bottom line is that sellers are in the driver’s seat in the current market, and they tend to want organized, disciplined, and serious buyers who can distinguish themselves from the pack if all bid offers are roughly equal.

            “People are going up against veteran buyers who have bid on a number of homes already,” said Sarno. “You have to be prepared.”

             

            Courtesy of Jay Fitzgerald at Boston.com

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