Well the summer is over and the Greater Boston Area real estate market is officially back from vacation. As if most often the case, the summer market is slow as everyone heads out for vacations, summer camps and general leisure concerns. It is the Labor Day weekend that snaps the housing market into gear and the many new listings available in the Greater Boston is evidence of that. So, if you are one of the many buyers who were unable to find your dream home in the Spring or are now entering the market in search of buying a home in MA, the Fall market is beginning. The question is, how to best navigate the market to find the perfect home.
The spring real estate market in the Greater Boston Area has been slow to start this year. But, since the mortgage rates have stayed low and the Greater Boston Area population and industry continues to expand at a record rate, the spring market looks to be very competitive for buyers once it gets underway. This means that properties will be on the market for very short periods of time before they are sold, and, as in last year’s competitive market, the Open Houses will be the prime available viewing time. So, as a buyer, you must be well prepared to take full advantage of the opportunity.
WHAT IS HAPPENING IN THE BOSTON AREA HOME MARKET THIS SPRING?
If you had been paying attention to any media source last year, you would have been aware that the Greater Boston real estate market was very active to say the least. If you were a buyer or seller in the Greater Boston real estate market last year, you know just how active it was. Here we are at the beginning of a new year, the start of the fabled spring market, so how are things looking for this year?
If you've been thinking about buying a home and you're just not there yet, don't think about what you can't do today, think about having a romantic celebration without spending a lot of money. You can personalize the day without breaking into your savings... and if you're not spending money you'll be moving closer to ultimate goal of property ownership! Personalizing your celebration and letting your loved one know how you feel about them can be very easy and here as a few of our ideas:
Buying a condo in the Greater Boston Area means buying full ownership of a portion of a building or complex. It means you have neighbors, association members, fees and bylaws. It means, you need to know what to ask about when you are buying so that you will not have any unpleasant surprises after moving in.
We do not mean to sound a negative tone here, condo buying is a terrific way to go, just be thorough in your research. Here are 6 important questions that you need to have the answers to before making an offer:
If your goal in 2016 is to buy a home in the Greater Boston Real Estate market, you'll need to keep this info in mind:
- The Federal Reserve increase in interest rates was a very eager .25% and has had little to no effect on mortgage rates. Current rates are hovering near the same values as those we saw at times last year. The current thirty year fixed rate is at 4.11%, the current 15 year fixed rate is at 3.38%.* It is not anticipated that the rates will increase greatly over the first half of the year so the Fed increase should not substantially effect a buyer’s ability to qualify for a mortgage in the near future when buying a home in MA.
The Thanksgiving Holiday is upon us and this is the time of year that we are reminded of the wonderful efforts of the Arlington Food Pantry here in Arlington Mass. The Arlington Food Panty has been organized, efficient and a well-run nonprofit for years and very appreciated by many. In the past years the donations to the Food Pantry have taken care of the needs of over 500 people living in Arlington MA. It is truly amazing that this volunteer effort and all the Food Pantries throughout the Greater Boston Area can serve the needs of so many.
When looking to live in or invest in any city or town in the Greater Boston Area, everyone looks for the liveliness and convenience of one or more “centers” of commercial activity. We want local shops and restaurants in our city or town to help create a vibrant atmosphere and make our community lives more interesting and convenient. A quick stop at the local bank, a (lifesaving) child’s birthday gift (on the way to the party), a bottle of wine (on the way to a different party), a light lunch or a lovely dinner all within a few minutes drive or a short walk from your home, makes your community more valuable to you and more enjoyable as well.
What these terrific local businesses need is our attention. In order to compete with the bigger box stores, local businesses need your purchase power to help them succeed. A great way to support your local outlets is by visiting them on Small Business Saturday this November 28th. Begun in 2010 by American Express, Small Business Saturday works to promote local shopping throughout Massachusetts.
With the approaching arrival of the holiday season, a new 'problem' presents itself to homeowners in the Greater Boston Area who are selling a home. It is never too early to think about seasonal decorations for your home while on the market.
Here are a couple of "do's" and a few "do nots" to help you make the most of your home sale and holiday decor!
Do decorate. If you would normally decorate, go right ahead. It is the holiday season so your home should be a part of the season. If you do not add any decorations or decor changes to reflect the season, your home may feel less lively or less inviting to visiting buyers.