Welcome to the UPSIDE/DOWNSIDE Real Estate Report for January 2024! I’m Steph Saunders, your local expert in Northern Massachusetts and Southern New Hampshire with Key Team at Compass, and I’m thrilled to bring you the latest insights that are shaking up the real estate scene in Massachusetts, Southern New Hampshire, the Seacoast, the Lakes Region, and Coastal Maine!
Get In-The-Know with Our Stunning Q4 2023 Market Report- Free Download
Big News! We at Compass have created a comprehensive, visually stunning, downloadable pdf that covers all the home sale stats from Q4 of 2023 and year-over-year changes from 2022 to 2023. If you’re curious about the town-by-town market trends in Massachusetts, Southern New Hampshire, NH Seacoast, NH Lakes Region, and Coastal Maine, than this beautiful download is for you! Impress your friends at parties with insider real estate knowledge and get the scoop on potential investment opportunities to keep an eye on in 2024. Download the report now to get the inside scoop!
UPSIDE/DOWNSIDE For Buyers: A Window of Opportunity
Upside for Buyers: The sky is falling! The sky is falling! No no, RATES are falling! FINALLY! I’ve witnessed rates ranging from 6 to 6.5 percent on the five offers I received on my listing this month—a welcoming sign for buyers out there. If you’ve been on the fence about jumping back into a home search or making a move, this might be your cue to get in touch and get the ball rolling!
Downside for Buyers: But, (and it’s a big but), the clock is ticking. This window of opportunity won’t stay open forever, especially once the word gets out that rates have plummeted and the market reacts. It’s time to act before everyone jumps back on the bandwagon of home searching, rates drop lower, and home prices surge. And they will my friends, the pent-up buyer demand is no joke.
UPSIDE/DOWNSIDE For Sellers: Maximizing Returns
Upside for Sellers: Sellers, rejoice! We’re seeing a throwback to the multiple offer scenarios reminiscent of 2021 and 2022 (and 2023 if I was your listing agent– shameless plug I know). The market’s heating up, buyer’s are back and plentiful, and it’s an ideal time to capitalize on the lack of competition.
Downside for Sellers: Now, I hear your concerns. You’re hesitant to give up a super low-interest rate on your current mortgage, and the question of “where to next?” looms large. But life is about moving forward, and wouldn’t you prefer to do it with a strategy that ensures you sell high and buy low when life throws you a curveball- like a new job or more or less kids in the house? I have the strategies and answers to navigate these waters smoothly and with all things, it’s better to have a plan of action and not need it, than no plan at all. Plus don’t you want to know exactly what home projects make you more money when you sell, vs those that don’t pay off? I know! I know! Call me!
Don’t Miss Out on Expert Insights Next Month
Thank you for reading The UPSIDE/DOWNSIDE Real Estate Report. Remember, real estate isn’t just about selling and buying property—it’s about making smart decisions that shape your future. For personalized insights regarding your home equity position, or whose selling in the neighborhood, don’t hesitate to reach out to me at @sellyourhousewithsteph or call me direct at (978) 641-1114.
Stay savvy, and I’ll catch you next month! -Steph
