As a real estate agent for four decades, I’ve experienced the ups, the downs and all the in-betweens. I’ve seen interest rates as high as 18.5 % and as low as 2.85%. I’ve seen houses sell in both hours and in months.
I have learned a lot over the years. Perhaps one of the most important lessons is, the real estate market is always changing.
The past five years have been no exception. We’ve seen an unprecedented increase in property values, bidding wars, lack of inventory, a seller’s joy of an amazing sale price and a buyer’s excitement of winning the bidding war. No one has a crystal ball, but I have experience on my side and I see signs that change could be coming.
Since mid-May inventory has increased across the board for all styles of housing in the area, days on market are longer and there have been price decreases instead of overbidding. Experience has taught us there are easy things to do to make your home stand out from others which could make your home the exception to the norm. This gives you the opportunity to potentially command a higher price through multiple offers. Our goal is to stay ahead of the changing market by educating you on what works and what doesn’t.
As a seller, you want to be sure you have the opportunity to sell your home quickly and for the best price possible. If you’re a buyer you don’t want to sit on the sidelines waiting for the market to change, but you want to buy a home at a price that makes sense for you. Our goal is to set everyone’s expectations correctly for the current market.
Fortunately, our changes are not extreme because we are surrounded by the best universities and hospitals in the country. The Greater Boston area is flourishing, with massive growth in Hi-tech and Biotech. Our communities offer easy access to the city via public transportation and bikeways.
In a constantly fluctuating real estate market the answer remains the same - the best time to buy or sell a home is when it’s best for you. If you’re thinking about buying or selling in the near future contact us and together we can prepare a plan that works for you.
