We’re in the discouraging time of the real estate year, as buyer’s agents. April and May are the peak months for competition among buyers for properties for sale. In other words, bidding war season. There are bidding wars all year, but more so in the spring. As properties are coming onto the market (which began
There are times during a real estate transaction when you will be required to spend money. Some are deposits, some are fees, and some are refundable. At offer: When you make an offer, you will provide a deposit check for $1000 or $5000, depending on your price range. That check is not cashed unless your
Whose interests are being served by rushing offers and accepting offers that close the fastest? Some of the time, the seller wants and needs a quick closing. Some of the time, the seller’s agent is advising their client to take the easy deal, and not necessarily the best deal. Cash offers As the market heated
When the spring market came, it came! The snows in February slowed the beginning, then, wow. Because demand remains high, we are seeing more competitive bid situations (bidding wars) than we did in 2014. We are pleased for our clients who have bought so far this year. Our report card, first half of 2015: All
In the most competitive Seller’s market since the late 1980s, how did we do? We are pleased for our clients who have bought in 2014. They did buy a house or condo in eastern Massachusetts without bidding wildly over asking price or throwing away their rights. Summary: No clients waived their home inspections in order
Last month, Dave Twombly, wrote to warn you the sellers and their agents are asking you to give up important protections in order to buy a property. As a case in point, I have direct experience of clients being asked to give up their right to mortgage contingency based on a low appraisal. This is