Buying trends

Good Schools, Expensive Houses

House hunters with children, or hypothetical children, almost always ask about schools. Parents want good schools for their kids. Immediately, they run into the brick wall: houses and condos in high-scoring school districts cost more than houses and condos in lower-scoring towns. Why is that?   There are two factors:  Education is funded mainly by

By |2018-07-22T15:32:27-04:00August 15th, 2018|Categories: buying process, Buying trends|

Which Improvements Pay Off at Resale?

Improvements. Which ones pay off at resale? I get asked that all the time. Once our clients become homeowners, they start thinking like sellers. Some improvements pay back at a high rate at resale. Some only pay back in your enjoyment of the place (and may help you sell faster.) Here's a list from Groom

By |2018-06-03T19:29:35-04:00June 13th, 2018|Categories: Buying trends, Problems and repair, thinking of selling?|Tags: |

Assessed Value Has No Relationship to Market Price

Junk data hurts buyers by creating distraction from understanding market value. Buyers need to know market value in order to negotiate for the fair price. Assessed value has no relationship to market price. But, but, but…how can a property be worth more than what the town or city assesses it for? Don’t the town or city

By |2018-05-06T13:54:20-04:00May 23rd, 2018|Categories: Buying trends, Market data and conditions|Tags: , , |

Why This Mid-Century Modern Feels Like Home

What is in a house affects the way you feel about it. That’s the reason that staging is used to seduce buyers into purchasing. Staging is the practice of setting out furnishings in houses for sale in order to give the impression of livability and high fashion. Our agents scratch the surface of this façade;

By |2017-11-21T12:33:01-04:00November 22nd, 2017|Categories: buying process, Buying trends|Tags: , , |

Apartments for sale

It's starting. My phone is ringing because landlords are notifying their tenants of their plans to sell the apartment. Some will renovate, some will just sell. When a seller puts an occupied apartment on the market, it takes some diplomacy to make it work. Someone lives there, and it's for sale: Showing rented houses and

By |2017-04-18T13:17:36-04:00June 14th, 2017|Categories: Buying trends, Market data and conditions, thinking of selling?|Tags: , , |

Bidding wars and better schools

Housing is all about the schools. This created the situation that springtime house hunters face in most areas around Boston. A little perspective: In the book The Two Income Trap, one of the ongoing tropes is that the pressure to send one’s children to “good” schools underlies the competition for houses in well-regarded schools systems.

Scare the buyers, sales hype 2017

Dear Boston Globe, It is February 28, 2017.  Too early for your annual “scare the buyers” article. Please wait until spring. But, since you chose to publish now. I will translate for my clients. Definitions: Sales volume: the number of housing units sold in a given period. Median sales price: The middle price from a

The Chinese government is helping our clients

Q: How does monetary control policy in China affect buyers in Boston? A: Strict control of cash leaving China has slowed or stopped the flow of money used for down payments by Chinese people buying international properties. This is good news for our buyers. Source Since the Great Recession in America (2008), one of the

Forecast 2017 for buyers

General: most of the number-crunching services are predicting that housing prices will be stable. This means they will increase, but at a slower rate than we have been seeing over the past three years. Deregulation will loosen mortgage requirements. This is a positive for first-time buyers who are on the brink of purchasing. Some will

By |2016-12-28T14:00:57-04:00December 28th, 2016|Categories: Buying trends, Market data and conditions, Mortgage matters|