Tea Lane Associates is a leading brokerage firm on Martha's Vineyard with an outstanding record of sales. We represent a full-range of island-wide listings. If you are considering selling your property, we are available anytime to discuss the market and the details of your specific residence, parcel of land or business.
After learning about your property and your goals, we will visit the site, compile an opinion of value for your consideration, discuss the strategy for your property, and review the different types of listing agreements available.
Since 1967, our history of sales success is a result of our combination of precise knowledge of our seller's property, our professional presentation and showings, and our extensive advertising campaign. We advertise locally, regionally and nationally incorporating different types of media from traditional print ads to strategic internet marketing. Additionally, Tea Lane Associates is an active member of the local multiple listing service (LINK) and our brokers and agents maintain very close ties with all of the real estate professionals on Martha's Vineyard.
Steps to creating a successful outcome together:
STEP ONE – Introductions (to each other and TLA to the property)
Property Review: We start by visiting the property to understand all the nuances that add value to the site – i.e. location, views, water/beach access, quality/attributes of the land, privacy, quality of house, outbuildings and other special features.
Goals: This is an opportunity to discuss your goals for this real estate transfer so that Tea Lane can help strategize for the best possible outcome for you.
Comparative Market Analysis: We research current Martha's Vineyard real estate market data on comparable sales and provide you with an Opinion of Value for discussion.
Listing Price: This is one of the most important decisions made before marketing a property. We will suggest a listing price based on our analysis of the current real estate market and our understanding of your property, its existing attributes and, in some cases, its potential as well. While we make suggestions, the final decision on price is yours and will likely be based on the information you gather as well as your own goals.
Listing Agreement: Together we discuss the different options for listing agreements and work with you to determine a listing price, the length of the agreement and commission structure. Once a listing agreement is fully signed, you are officially a client of Tea Lane Associates and your Seller’s broker will roll up their sleeves and get to work.
STEP TWO – Preparing for Marketing the Property
Research: We research all files at town hall related to the property (Board of Health, Conservation Commission, etc). We obtain copies of recorded deeds, plans, covenants, easements and restrictions.
Engineering: All engineering data on your property will be obtained through engineering contractor. For some properties, we discuss the benefits of investing in land surveying and engineering work so as to show the maximum potential or benefits of the property.
Photography: Your property will be professionally photographed for advertising and printed brochures. For appropriate properties, aerial photos will be taken.
Staging/prep for showings: We offer advice on staging your property and preparing for the best possible presentation of the property.
Brochures: Your property brochure is developed to include all of the information gathered above including photos, plans, maps and a property fact sheet. These are used as a guide when showing the property and as a take-away for prospective buyers.
STEP THREE – Marketing/Active Listing
Advertising: Text is developed and photography chosen for all advertising outlets – print and online.
LINK Listing: Your listing is activated in LINK, the on-island MLS system. Updates occur as needed.
Other Web Listings: Your listing is activated on the Tea Lane Associates’ website and several other online real estate listing sites.
E-mail Broadcast: This tool is often used to inform all island agents/brokers of updates on your property.
LINK Tour: Your property is included in a brokers’ open house in your town. These are weekly tours for agent/brokers only and the tour rotates through each town on a monthly basis.
Showings: Tea Lane Associates works with all agents and brokers on the island and cooperates fully for showings. A Tea Lane agent is present at all showings and a record of dates and buyer names is kept on file for you. Show notices with feedback are sent you for review.
STEP FOUR - Transaction
Offer: All offers are submitted to you for your consideration.
Funds: We establish an interest bearing escrow account for the funds to be held in connection with your sale. Funds are distributed as directed by legal counsel. The first deposit is due at the time of the signed and accepted offer.
Attorney: Real estate closings in Massachusetts are handled by attorneys. We can recommend options for a local attorney. Attorneys generally handle all of the paperwork after reaching an accepted offer.
Inspections: We assist with coordination and access to the property for inspections/visits to the property requested by your buyer and any other contractors.
Purchase & Sale Agreement: We assist your attorney in preparing and signing the Purchase & Sale Agreement in a timely fashion. Your buyer’s second deposit is collected via wire into your escrow account at this time.
Septic Inspection: We arrange for your septic inspection and filing with town hall to meet Title 5 requirements.
Smoke Detector and Carbon Monoxide Certificate: We help prepare your house for the fire chief’s inspection of the property by installing smoke detectors and carbon monoxide detectors in your property, if needed. We then schedule the inspection to obtain this certification prior to closing.
Information conduit: Many details arise as we approach the closing date and we act as a conduit of information sharing between you and the buyer’s agent including such things as service provider contact info for the property and moving logistics.
Walkthrough: We schedule and accompany the buyer and their agent for the final walk through inspection.
Closing: We review your closing statement to ensure proper accounting and assist with all other related details of closing where we are needed.