The dynamic real estate market in Greater Boston buzzed like a marathon race last month, attracting both buyers and investors. April brought an influx of eager buyers, making it feel like an actual sprint to the finish line! Despite some much-needed rest and relaxation, my time was filled with high traffic open houses, and multiple offer negotiations, reminiscent of the bustling Spring/Summer of 2022.
UPSIDE FOR BUYERS
The upside for buyers is a smattering of new listings bloomed with the lilac trees. Also, interest rates dipped slightly, and lenders have become even more flexible with financing options. Southern NH boasts numerous new construction projects, offering potential opportunities for move-up or move-down buyers. If you’re considering buying new vs paying over-market value for resale properties, I specialize in providing such valuable insights. Reach out today to discuss your options or simply download my FREE Buyer’s Guide & Workbook.
DOWNSIDE FOR BUYERS
The downside for buyers is the competition has reached Mad Max levels once again, and the previously decelerating prices have started to tick back up, but we’re still in a seller’s market due to limited inventory. Surprisingly, sellers are favoring higher financed offers over all-cash offers. Why take the risk? Perhaps they’re rolling the dice on financing to try and recoup last year’s sales prices instead of accepting a slightly lower cash offer that reflects more recent comparable sales from the last 3 months.
UPSIDE FOR SELLERS
The upside for sellers is the acceleration of home values once again. The pool of buyers, who held back last year and earlier this year due to interest rates, has resurfaced with a renewed appetite. Buyers are showing interest in properties regardless of their condition, presenting sellers with a wide range of offers to choose from, provided the home is priced correctly to start. Of course, homes that present well-prepared are selling for more, if you are interested in a fee-free solution to prepare your home for market, contact me in regards to our Compass Concierge Program.
DOWNSIDE FOR SELLERS
The downside for sellers is as a seller today, you’ll become a buyer tomorrow (unless you’re planning to sail the world on a boat indefinitely, in which case, go for it!). It’s more important than ever to have an expert real estate strategist working with you to create a detailed plan on securing your next home, while also maximizing your current home for top dollar. Luckily, I specialize in buying and selling homes at the same time and am more than happy to discuss best practices in today’s market, and get you and your family ready to make a smart and strategic move in 2023. Contact me today let’s get you and your family started on The BUY/SELL PROGRAM today!
Selling a home is an art and a science, but with the right REALTOR, you can be weeks away from the closing table and moving on to your next adventure – whether that means moving up, moving down, or cashing in and traveling the globe with all the equity you’ve built up over the years. And speaking of equity, have you checked how much your home has gained since 2020? It could be upwards of 50%! Reach out today for your FREE Home Equity Review and let’s start planning your next move – today!
And don’t forget to check out my SELLER MASTERY PROGRAM™ for a modern approach to exposing your home to the masses!
