Boston condos for sale: Spring seasons will start soon
Here is (in summary form) everything you need to know about the downtown Boston condo market in 2019. Spring is the best time of the year to sell, best time to buy!
The real estate season is a bit like Christmas – it seems to start a little earlier every year. Traditionally, buyers like spring weather for viewing Boston condos for sale and they have a little more time to dedicate to their home search.
But with inventory tightening up in the last couple of years, especially in downtown Boston, buyers and sellers are getting smart and getting out there ahead of the spring sun. Inventory is low, Boston condos for sale in certain neighborhoods like Beacon Hill are selling fast, and prices start increasing rapidly. Sellers can benefit by selling their Beacon Hill home in the spring because the offers they do receive are more likely to be serious (or desperate) ones, and homes close faster than in the spring without the backlog of work in the offices of appraisers, real estate agents and lending officers.
New data by real estate website Redfin indicates that homes are actually selling for more in the late winter (think early spring) and spring than they do in the summer. According to Inman news, which covered the report,
So what should you do to prepare your home to sell, leaving you free to play in the beautiful Boston Spring time weather and watching the Boston Red Sox?
Start by finding a downtown Boston real estate agent to help you get to know the market in your Boston neighborhood. You’ll have the advantage over other sellers if your home is not only priced right for your market, but is ready to show with no glaring repair issues. With your real estate agent, go over the home-improvement options that would provide the biggest bang for your buck in terms of increasing your home value. Then, have your home professionally staged and photographed – trust me, it makes all the difference! Especially in early winter when the landscaping around your home may not look as stunning, what’s on the inside counts.
Beacon Hill condo buyers, get to know your Realtor now and be the first to know when those spring homes come on the market. Be prepared to act fast! Have your loan pre-approved and keep your boots handy – home shopping this time of year might be a little more work than it is in the spring, but it’s definitely worth it to find a home before the peak of home prices in mid spring or early summer.