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Archive for the 'Boston condo sellers' category


Boston Condo Sellers – Don’t worry, be happy

From David Streitfeld at the NY Times: U.S. Housing Aid Winds Down, and Cities Worry
Streitfeld discusses the Fed’s Mortgage Backed Securities purchase program (scheduled to end next month), the housing tax credit (contracts must be signed by the end of April, and deals closed by the end of June), and the slight tightening of [...]

02/15/10 | 2 Comments »



Do Boston condo buyers have a right to know?

When Boston condo buyers find a condo that they like, one of the first questions they ask me is “Why are the sellers moving?” This is a personal question and not all sellers are willing to say, “Because it is personal.”
As a listing agent we are obligated to protect the seller’s interests and if [...]

01/06/10 | 3 Comments »



Cash Buyers vs First-Time Home Buyers

I have noticed that investors have reemerged in the Boston condo market (condos below $400,000), triggering in some cases bidding wars in some neighborhoods. For example, over the holiday weekend, Vilma in my office, had several offers on a small studio located at 21 Beacon Street, which prompted interest from both first-time homebuyers and [...]

01/04/10 | Leave a comment »



Hope for the local real estate market

From the Boston Globe:
For the first time in at least two decades, more US residents are moving to Massachusetts than moving out, a dramatic turnaround that has helped fuel the state’s sharpest population growth since 2001, according to new estimates from the US Census Bureau.
The increase, which was recorded from July 2008 to July 2009, [...]

12/25/09 | 1 Comment »



Boston Real Estate Developer – Drops asking price on condos

Resmark, the marketing company for the Boston Seaport District condo building FP3, has begun to drop asking prices on a few condos that have been on the market for over 160 days.
FP3 Boston condo price reductions:
FP #203 original asking price $349,000.00. Today’s asking price $329,000.00
FP #505 original asking price $599,000.00. Today’s asking price $519,000.00
FP #218 [...]

08/20/09 | 11 Comments »



Exit stage left…

Watching the Boston condo show? Here is one figure you should watch………
According to MLS data, 49 Boston condos have expired or were canceled since January 1, 2009. What role will Boston condo sellers play in ‘09? Will they start lowering their asking prices? Or will they exit stage left?
 
Photo – Flickr

01/04/09 | Leave a comment »

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