Spring real estate market Here's what we're seeing at 4 Buyers Real Estate. Our clients continue to buy properties, even against competition that is willing to waive their rights to a home inspection or a mortgage contingency. (That contingency allows buyers to get their deposits back if their mortgage is delayed or denied.
More data is not better data. I advise my clients to look for indications of negotiation points, like comparable sales, the seller buying another property, and neighborhood issues that are chasing the seller from their property (this is common if a building project is nearby or the taxes just went up… that kind of thing.)
What will house hunting look like this year, around Boston? The local real estate economy follows the national economy. The National Association of Realtors® expects home sales to flatten and home prices to continue to increase, though at a slower pace. Our local market is behaving just the way I told you it would last October. What
This summer, for the first time in about four years, there were signs that the supply-demand balance was becoming more even. This year, there was a noticeable lull in demand in August. It is “normal” for the real estate sales volume to drop in August. For the past four year, no summer doldrums; the normal drop in
A rising market favors people who are downsizing because the higher the property value, the greater the sale of the more expensive, bigger property. This offsets the higher price of the downsized, smaller property, assuming both properties are rising at the same rate. Suppose you own a house that was worth $650,000 before the mini-bubble.
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
Households with no cars were rare in 1996. Even among people who commuted to work solely by mass transit or bicycle, there was a car. When the house next door to me went up for sale in 1996, my new neighbor was a man in his 30s who did not have a driver’s license. He
How does a seller’s market end? A seller-favoring market exists when there is more demand for housing than supply. Since about 2012 or 2013, buyers found fewer properties for sale than they did during the recession (when foreclosures added to the number of houses and condos for sale.) Limited supply created the seller-favoring market we’ve
If you are only vaguely curious, the simple answer to the question in the title is about $15,000, according to Daily Finance. When my client asked me about this, I decided it was time to do some checking. In a national study, the answer was qualified with more data. All PV (photovoltaic) systems are not
Almost all of the data designed for marketing is, well, marketing. It is designed to give consumers a sense of urgency, so they will buy and sell. A former client wrote me: Hey Rona, Hope you are well. Do these numbers look accurate to you? -J. Are the numbers accurate? Yes. A licensed real estate agent