Our clients are considerate people. They often say things like, “I don’t want you to spend a lot of time doing a market study, just tell me if you think the condo is worth what they are asking.” That's nice, but: We can’t give a professional opinion without doing the math! It is that simple.
With the market changing, should you prepare to lowball and get a bargain house? Putting in a low offer without the research is futile and likely to ruin your credibility as a buyer. If you are thinking about making an offer well below asking price, there are some things you need to find out first.
What should you look for as an indication that the seller’s market is on the decline? How can you watch for a turn in uneven supply and demand balance in favor of buyers? As exclusive buyer’s agents, we’ve seen this before. But, because we are a small company who work with a small number of
The Boston Globe published an article about the possibility of a slow-down in local real estate. “... houses are taking longer to sell, and when they do, they’re more likely to sell below listing price than they did a year ago. Also, the number of homes on the market, particularly condominiums, is up. The market
We’ve been in a seller’s market – where there is more demand than supply – since spring of 2012. It takes a while to get perspective on a market that is changing. To figure out when price inflation began to pick up again, I looked back on my blogs. I found this one, from February