The Best Time to Market Your Hub Home

posted in: Boston, Real Estate | 0

For Sale SignWhen is the best time to put your Hub home on the market?

Well,  when do you want to get what you want in life?

A lot of people might respond, “As soon as possible.” After all, companies like FedEx and Dominos aren’t testaments to patience. So, whether it’s a package or a pizza, or the best possible selling price for a Hub home, in terms of a timeline for getting what we want, even Family Feud might list the most popular answer as, “the sooner, the better.”

This begs a second, very important question: Continued

Hub Condo Buying Is Still In Season

 

This time of year, it can be as tough to decipher the real estate market as it is to figure out the weather. (Snowvember storm pictured above)
This time of year, it can be as tough to decipher the real estate market as it is to figure out the weather. (Snowvember storm pictured above)

In the morning, I put on a heavy jacket. I’m freezing. By midday it’s a little warmer and I’m thinking I don’t need the jacket. And around 4pm that same day, I’m thinking why did I wear long sleeves, its 66 degrees out.

Reports on the Hub real estate market sometimes feel just as temporal. One minute, I’m hearing how September home sales are down. The next, I’m hearing how median prices are up. Last week was a great week for mortgage rates, but this week it’s cooler in that real estate sector. Obviously, I’m more in need of an accurate real estate forecast than a good weather one, so I recently took the temperature of the Boston condo market. Want to know what I found out? Then check out my featured column in Curbed!

 

 

How Strong An Offer Should You Make on Hub Real Estate?

posted in: Boston, Real Estate | 0

Timing versus activityOne of the most common questions I get as a real estate agent is, “What’s a good offer?” I define a good offer as “an offer that brings you closer to getting what you want.” In my experience, this handy chart is one of the best indicators of how strong an offer has to be move a buyer closer to getting what they want. Why?

Continued

Hub’s New Homes Have Double the Space for Twice the Price

posted in: Real Estate | 0

decade price versus sfI broke down, by the year they were built,  more than 20,000 single family homes that were available for sale in MLS. The median price of a single family home that was built recently was nearly double the asking price of homes built decades ago. Ironically, the square footage of houses built recently was also nearly double the square footage of homes built decades ago.

Will You Find the Perfect Hub Home?

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Did you hear about the Realtor who had a buyer who wanted something that didn’t exist?
That client’s name was “50% of their book of business.”

Is finding the perfect place like finding a needle in a haystack?
Is finding the perfect place like finding a needle in a haystack?

Despite the fact that the Greater Boston MLS has tens of thousands of homes for sale, once a buyer compares their needs, wants and aspirations for a home against the available inventory it will be lucky if even three look like potential purchases. Furthermore, upon visiting the three potential new homes, it’s not uncommon for all of them to be quickly ruled out. So, will the type of home the buyer is looking for ever come up for sale? Certainly I hope so. The numbers bear out that buyers probably will find their next home, but one thing usually happens first. Continued

True Story About Hub Market Values

posted in: Real Estate | 0

BeFunky_photo (5).jpgThis happened recently. A neighbor contacted an owner whose house is about to go on the market and makes a cash offer, with no contingencies, that was 10% below what a broker told him was the lowest price to expect. So, of course, the owner refuses the offer. The neighbor,  still hot for the home, asks what will it take the owner to sell him the house instead of going to market? The owner responds something along the lines of “an offer that makes it worth my while.” So, the neighbor increases their offer by 40%. You read that right, 40%! The revised, cash, no contingency offer surpasses the highest range of broker predicted possible sale prices. The only hitch, there were no houses that were available for sale in that market at that price. So the aforementioned house goes to market and …of course, sells for almost 10% more than the neighbor’s increased offer. DANG! Folks, in this market no one can assess market value without going to market. Don’t believe me? Then, read my featured column in Curbed!

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