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.
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:
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.
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.
The Fall market in real estate is often portrayed as a pale cousin to the famous Spring market which gets so much press. The oncoming holiday season and winter weather seem to threaten a precipitous end to the buying season and the buyers are alleged to disappear with the cold. Many feel that the holidays are a fabled “dead zone” for those trying to sell a home as well. But perhaps, there is more to the story. The real truth is that the Fall market is actually a great market for buying a home or selling a home in the Greater Boston Area and here are the reasons we think this is the case:
If you are trying to buy a property in the Greater Boston Area, you know full well that demand is exceeding supply. With the economy strengthening, companies moving into the area, academia expanding and mortgage rates still very low buyers are out in great numbers. Winter properties for sale were limited by our historic snowfall this winter which kept the market shut down. Everything is now packed into our current spring market, resulting in multiple offer situations on many homes. Multiple offers are not a new phenomenon in this area, but there seem to be a couple of new twists to the plot.
When buying a condo there is more to consider than just your unit. A condo is just one piece of an association. Whether you are buying into a two unit association or a 200 unit association, there are things you should know before you sign on the dotted line.
1) What am I buying? When buying a condo, you purchase the unit inside the walls, but, that may be only one piece of the purchase. It is important for you to understand the “ownership” of any decks, porches, yard areas, garage spaces, parking spots, storage areas etc. These spaces can be deeded for exclusive use with your unit, used in common by the association or used by assignment or easement by one or more unit owner. Be sure to review the Master Deed and Unit Deed to determine the extent of your “ownership” and whether you or the association is responsible for the maintenance of these areas.
In a market such as the one we are about to enter, it is not uncommon to find yourself in a multiple offer situation. While no strategy can guarantee success, here are three mistakes to avoid in order to increase your chances of being successful in buying a home in the Greater Boston Area.