The Boston Globe published this about the pressure buyers have been facing when making an offer on real estate in eastern Massachusetts. That was in 2021. It is looking like the pressure will be lifting in 2024 into 2025. The market: When the housing shortage and high demand gave sellers more offers to choose from,
As of August 17, 2024, Realtors are no longer allowed to share information about what commission is being offered to buyer’s agents through the Multiple Listing Service. A court order from a class action lawsuit in Missouri abolished the sharing of real estate agent fees through the Multiple Listing Service. This change was meant to
It is not obvious what stays and what goes, when someone sells a house. This is a big enough problem that Realtor.com sent one of their reporters out to find stories about it. The reporter was looking for spiteful sellers who took fixtures. They thought I might know, and interviewed me. In the fifty-or-so years
Did your buyer's agent tell you to waive home inspection in order to be more competitive? We don't recommend that, ever! We want you to know what to expect, in terms of care and maintenance on this high-priced investment you are making. With average sales well over $600,000 in most areas we work in, we
Massachusetts uses two contracts for home purchases. The first one, "offer to purchase" is a short-term document that sets the parameters for the more extensive "purchase and sales agreement" which defines the quality of the Deed and Title and how funds will be exchanged. Once a buyer and seller sign a Purchase and Sales Agreement,
A new client sent us an email asking about his pre-approval: Hi Rona and Dave, Here is our pre-approval letter from _______ Bank. I had (the loan originator)write it up for $---k with 30% down. We can adjust it as we see it. His suggestion was to put 30% down in the letter to make