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
I don't know the original author, but I'd like to share this with you:
A joke: Economists have forecast ten out of the last three recessions. Real estate recessions happen when something big affects the economy in general. Because it takes longer to buy and sell real estate than to shift assets in a stock or bond portfolio, real estate recessions take hold more slowly than general economic recessions.
What’s their pitch? Redfin is selling a new service for buyers in the Boston area. We are exclusive buyer's agents, and it hasn’t affected us a bit. Why? Because their pitch is aimed at people who don’t know what they don’t know. Our clients are smart enough to know that they should NOT be managing
From a buyer’s perspective, the Somerville Condo Ordinance changes are a win. For renters, it is a major victory. I discussed these changes in last week’s blog post. The ink wasn’t dry on the Ordinance when the backlash began. Owners in Somerville received calls and letters urging them to sell now, before the new ordinance
Two-family house Condos for sale Everyone knows what condo conversion is, right? It’s when an owner changes a multi-unit building from a one-owner property to condominiums deeded by multiple owners. Typically, this would be taking an apartment building and selling off each unit, separately, as condos. In Somerville -- the land
Renting? Good luck! Boston is the third most expensive rental area in the country. If you are paying first and last month’s rent, and maybe another month’s rent in fees, it makes moving hard, financially. Renters are not our clients, but one day they may be. They are also the friends of our
When I read that the AirBnB ordinance passed in Somerville, my first thought was that the devil would be in the details. Wicked Local/Somerville Journal was first to me with the information. They linked to a summary of the ordinance, so you can read it for yourself. The ordinance is aimed at two goals: Deter
One of the biggest reasons that parents of children buy homes is to make sure the kids can go to a good school. Here at 4 Buyers Real Estate in North Cambridge, we support the Friends of the Peabody School. They offer activities outside of school time that include: BOKS (Build Our Kids Success), a
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.