Perhaps you’ve heard that sales were up 24% and prices were up 7% in 2012…clearly, the Boston real estate market is heating up. Due to the low interest rates and high rents in the city of Boston, buyers are crawling out of the woodwork. Unfortunately the housing inventory for sale is at the lowest point since 2004.
So, you ask, why should home owners who are considering selling be “aware”?
If you’ve been thinking of selling but holding out for the right time, right now could be a great opportunity to take advantage of the market dynamics and sell your home. Prices continue to rise in Boston and the surrounding towns. Unlike the last few years, home buyers are back out there in full force ready to purchase their new home. Banks have loosened up and are lending money again. With lack of inventory on the market, we are seeing many homes sell for at or above asking price. In many cases, we are seeing multiple offers on the same property. Also, cash offers are becoming more common in today’s real estate market.
The advantage for the seller: Maximizing the most profit on the sale of their home. So, if you are considering selling your current home, why wait any longer? Buyers are out there and they are ready to purchase their new home.
Ask Jeff About Selling Your Home
