Boston condo prices on the rise

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they […]

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source https://www.bostonreb.com/boston-condo-prices-on-the-rise/

Massachusetts ranks best state for Millennials

A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials already living there!) North Dakota (lowest unemployment rate) Minnesota (highest millennial homeownership rate) Massachusetts (highest percentage […]

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source https://www.bostonreb.com/massachusetts-ranks-best-state-for-millennials/

Massachusetts top 5 in the country: Good news for the Boston condo market

 Massachusetts is ranked in the top 5 states in the country for the best economy. This is good news for the Boston condo market.   Best State Economies Overall Rank (1 = Best) State Total Score ‘Economic Activity’ Rank ‘Economic Health’ Rank ‘Innovation Potential’ Rank 1 Washington 76.54 1 4 3 2 California 73.78 2 […]

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source https://www.bostonreb.com/massachusetts-top-5-in-the-country-good-news-boston-condos-market/

Buying a Boston condos is cheaper than renting one

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least affordable market for renting […]

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source https://www.bostonreb.com/buying-a-boston-condos-is-cheaper-than-renting-one/

Boston condos: 2018 Earth Day

Great chef know how to mix ingredients together to produce a masterpiece entree. On this Earth Day, we should remember the ingredients needed to help our planet: Reduce Reuse Recycle  Restore Replenish Laudato Si’ is a powerful call to recognize the harm we have inflicted on Mother Earth. As a famous person once said: “You’re […]

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source https://www.bostonreb.com/boston-condos-2018-earth-day/

Boston condos for sale: Low inventory for $500k and under

In todays’ real estate market, we have several forces contributing to inventory crunch. Builders margins are getting squeezed by rising material prices and labor costs. Many sellers are hesitant to list their homes because of a lack of selection on where to move next. Multi-family developers are still having a harder time getting financing for […]

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source https://www.bostonreb.com/boston-condos-for-sale-low-inventory-for-500k-and-under/

Myths about buying a Boston condo

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source https://www.bostonreb.com/myths-about-buying-a-boston-condo/

Multi-generational housing

Buyers of Multi-Generational Housing 2017 Profile of Home Buyers and Sellers   Median Age: 53  Median Income: $91,000  30% are first-time buyers  82% are buyers of previously owned homes  84% bought through an agent/broker  Median square feet of home purchased: 2,100  Median home price: $250,000 Reasons for purchasingmulti-generational home:  Aging family members: 33% […]

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source https://www.bostonreb.com/profile-multi-generation-housing/

First-time home buyer profile

First-time Buyers 2017 Profile of Home Buyers and Sellers  Median Age: 32 Median Income: $75,000 73% rented an apartment or home before buying 89% bought through an agent/broker Median square feet of home purchased: 1,640 Median home price: $190,000 Contact me to set up an appointment to start your Boston condo buying process Back to homepage Boston condos Boston […]

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source https://www.bostonreb.com/first-time-home-buyer-profile/

Becoming a Boston landlord for the first time

I recently closed on a Boston condo and the buyer plans to rent it out. Jim, will be a Boston landlord for the first time and asked me what tips I can provide him. Tips for New Landlords in Boston If you’re a new landlord, you may be feeling overwhelmed and a little anxious about […]

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source https://www.bostonreb.com/becoming-a-boston-landlord-for-the-first-time/

A story about a Boston real estate agent

Local real estate agent, Robert Frapple, was the latest victim in an ongoing crime spree within the real estate industry, which has spanned decades. Mr. Frapple had been working with buyer clients, John and Jane Sullivan for many months, trying to help them find the perfect Boston condo, on a limited budget. That condominium came […]

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source https://www.bostonreb.com/a-story-about-a-boston-real-estate-agent-2/

Interesting real estate stuff

Real estate… gotta love it! As much as you think you know about it, you probably didn’t know these fun facts… 1. New York City’s Central Park has a land area of 843 acres with estimated value of $512,626,276,800. Fact via Urbanful / Image via Google Earth 2. There’s an island in Alexandria Bay, NY called “Just Enough Room”. It […]

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source https://www.bostonreb.com/interesting-real-estate-stuff/

Informative video for Boston condo buyers

Boston condo buyers should view this video. The video below outlines key points to keep in mind when buying a Boston condo. Watch video! Contact me to set up an appointment to start your Boston condo rental process. Back to homepage Boston condos Boston condos for sale SEARCH BOSTON CONDOS FOR SALE AND RENT Boston Back […]

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source https://www.bostonreb.com/informative-video-for-boston-condo-buyers/

When buying or selling a Boston condo: Think rationally

The other day, I was out with one of my clients viewing Boston condos for sale. We came across a property she liked and we proceeded with an offer. Here’s where the story takes a bad turn, she wanted put an offer in $100,000 below asking price on a $400,000 condo.  Her logic, Zillow said […]

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source https://www.bostonreb.com/when-buying-or-selling-a-boston-condo-think-rationally/

Rising Boston condo prices helps build wealth

Over the next five years, Boston condo prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for Boston condo owners and their equity position? As an example, let’s assume a young couple purchased and closed on a […]

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source https://www.bostonreb.com/rising-boston-condo-prices-helps-build-wealth/

When buying a Boston condo view the condo fees

Whether you are looking at a Boston condo as an affordable first home or as a perfect place to downsize, do not forget to check the condo fees. As you start to search for condos in the Boston proper area, you will soon realize the amount you will pay to a condo association varies wildly […]

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source https://www.bostonreb.com/when-buying-a-boston-condo-view-the-condo-fees/

Boston condo buyers: Getting pre-approved

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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source https://www.bostonreb.com/boston-condo-buyers-getting-pre-approved/

Boston condos and Zillow estimates

How accurate are Zillow estimates? I’m constantly asked how accurate are Zillow estimates, known as ‘Zestimates’, and I can’t tell you how many times I’ve heard a seller tell me ‘but Zillow says my home is worth more/less. For some reason, people have come to treat Zestimates as the defacto standard. Maybe it has something […]

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source https://www.bostonreb.com/boston-condos-and-zillow-estimates/

Zillow announces it will sell homes directly to buyers

Zillow Group will start buying and selling homes for the first time later this month, expanding its real estate business and creating new competition for real estate agents and real estate companies that pay for ads on their real estate website. Starting in the Phoenix and Las Vegas markets, Zillow announced yesterday that it will partner with […]

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source https://www.bostonreb.com/zillow-announces-it-will-sell-homes-directly-to-buyers/

What it costs to sell a Boston condo

It’s a good time to get familiar with the basic costs involved when you sell your Boston condo. Many Boston condo owners have just put their properties on the market, and many more will follow suit between now and mid-summer. Having a solid grip on what it will cost you to sell is important as […]

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source https://www.bostonreb.com/what-it-costs-to-sell-a-boston-condo/

Boston condos for sale: The art of the deal

Over the course of the past few months, I’ve have seen some new trends begin to develop regarding the terms Boston condo buyers are presenting to sellers. In the current market, some Boston condo buyers developed a defeatist attitude as condos have often been selling above asking price.  This is based on the limited supply […]

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source https://www.bostonreb.com/boston-condos-for-sale-the-art-of-the-deal/

Becoming a Boston condo investor

As a Boston real estate broker I’ve  worked  with real estate investors and a few of what I call ‘accidental investors’ – people who had no intention of becoming a real estate investor, but do so when they move and rent out their property because it ‘almost covers the mortgage’. I cringe when I hear […]

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source https://www.bostonreb.com/becoming-a-boston-condo-investor/

Boston condos for sale harder to find

To say that the Boston condo market in Boston Proper favors sellers is an understatement. Despite continued threats of rising interest rates, disappearing tax incentives and overbidding, Boston condo buyers don’t seem to be deterred. We’re all operating in an undercurrent of low inventory relative to demand. Simply put, there aren’t enough Boston condos at […]

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source https://www.bostonreb.com/boston-condos-for-sale-harder-to-find/

Boston condo buyers: Difference between price and cost

There is no doubt that the price of a condo or single-family home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of a home […]

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source https://www.bostonreb.com/boston-condo-buyers-difference-between-price-and-cost/

Boston condo buyers: Do you know what PMI is?

When it comes to buying a Boston condo, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase condominiums with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). […]

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source https://www.bostonreb.com/boston-condo-buyers-do-you-know-what-pmi-is/

Living in your Boston condo alone? Meet Fribo

The number of people living alone in their Boston condo is on the rise not only in Boston, but the entire US and other developed nations, and it’s definitely not a good thing. Loneliness and isolation are bad for your health, physically and mentally, so it’s in societies’ interests to think about how we can bring people together. […]

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source https://www.bostonreb.com/living-in-your-boston-condo-alone-meet-fribo/

Sufi Parable: Has nothing to do with real estate

There is a Sufi parable: A man used to call every night to God and he would pray the same prayer. Again and again he would ask, “Do one favor for me, at least one favor — and I have been asking my whole life. As far as I can see, I am the most […]

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source https://www.bostonreb.com/sufi-parable-has-nothing-to-do-with-real-estate/

Boston condo spring market 2018

You may have noticed an uptick in new Boston condo listings over the past week. Spring has officially arrived, bringing with it a new Boston condos buyers and sellers who are ready to do business. I’ve been selling real estate in the city for more than 20 years, and the same thing happens every year: […]

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source https://www.bostonreb.com/boston-condo-spring-market-2018/

Facebook takes on Zillow

Facebook has launched its first ad product designed specifically for residential real estate brokerages. And Zillow is getting nervous. “Dynamic Ads for Real Estate,”from Facebook allow real estate brokers and agents to advertise directly to Facebook and Instagram users who have already searched for properties on that brokerage’s website. The product goes after a key money […]

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source https://www.bostonreb.com/facebook-takes-on-zillow/

Boston real estate agents concerned about new tax law

Boston agents who sell Boston condos and homes are concerned about the new tax law. Contact me to set up an appointment to start your Boston condo rental process. Back to homepage Boston condos Boston condos for sale SEARCH BOSTON CONDOS FOR SALE AND RENT Boston Back Bay condos for sale and rent Beacon Hill Boston […]

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source https://www.bostonreb.com/boston-real-estate-agents-concerned-about-new-tax-law/

Easy App to save money of Boston condo rentals

Boston apartment hunters faced with increasingly difficult task of finding available and affordable housing got a new tool to help in that process as Roomi, the app for finding a roommate, has been launched in Boston. The Roomi iOS and Android apps as well as the desktop experience are designed for those seeking to rent out empty rooms […]

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source https://www.bostonreb.com/easy-app-to-save-money-of-boston-condo-rentals/

Why are Boston condo prices still rising?

Why are Boston condo prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available Boston condo for them to buy. Especially under the $500,000 price point. This is an example of the theory of “supply and demand” which is defined as: “The amount of […]

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source https://www.bostonreb.com/why-are-boston-condo-prices-still-rising/

What Boston condo buyers think of loan officers

Contact me to set up an appointment to start your Boston condo buying process. Back to homepage Boston condos Boston condos for sale SEARCH BOSTON CONDOS FOR SALE AND RENT Boston Back Bay condos for sale and rent Beacon Hill Boston condos for sale and rent Charlestown Boston condos for sale and rent Charlestown Navy Yard sale […]

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source https://www.bostonreb.com/what-boston-condo-buyers-think-of-loan-officers/

Boston condos for rent: Prices are on the rise

Contact me to set up an appointment to start your Boston condo buying process. Back to homepage Boston condos Boston condos for sale SEARCH BOSTON CONDOS FOR SALE AND RENT Boston Back Bay condos for sale and rent Beacon Hill Boston condos for sale and rent Charlestown Boston condos for sale and rent Charlestown Navy Yard sale […]

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source https://www.bostonreb.com/boston-condos-for-rent-prices-are-on-the-rise/

First look at Amazon’s new building

Contact me to set up an appointment to start your Boston condo buying process. Back to homepage Boston condos Boston condos for sale SEARCH BOSTON CONDOS FOR SALE AND RENT Boston Back Bay condos for sale and rent Beacon Hill Boston condos for sale and rent Charlestown Boston condos for sale and rent Charlestown Navy Yard sale […]

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source https://www.bostonreb.com/first-look-at-amazons-new-building/

Boston Millennial’s will spend $100k in rent by age of 30

Rent drains Millennial generation If Millennials needed more reason to join the Boston condo market, RENTCafe has just offered it. According to a new study from the apartment listing site, the average Millennial will spend a shocking $93,000 in rent costs by the time they’re 30.  Contact me to set up an appointment to start your Boston […]

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source https://www.bostonreb.com/boston-millennials-will-spend-100k-in-rent-by-age-of-30/

Not owning a Boston condo can cost you money

Owning a Boston condo has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that: “Buying remains the more attractive option in the long term – that […]

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source https://www.bostonreb.com/not-owning-a-boston-condo-can-cost-you-money/

25% of renters can afford to buy a condos

Here’s an interesting new statistic; 1 out or every 4 U.S. renters can afford to buy in their local market. In Boston-Cambridge-Newton market the ownership rate is 61.3% of those still renting an apartment 23.5% can afford to buy. The video below is two part, the first half illustrates how the subprime mortgages are coming […]

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source https://www.bostonreb.com/25-of-renters-can-afford-to-buy-a-condos/

Boston condos with drone balcony landings

Make no mistake: Drones are coming, and they’re going to change a lot of things about how we shape our lives. So why shouldn’t we change how we shape our Boston luxury condo buildings to get ready for them? Early adopters will probably buy personal flying vehicles in the not too distant future. Some models are being developed as […]

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source https://www.bostonreb.com/boston-condos-with-drone-balcony-landings/

Robotic furniture transforms Boston studio condos

Contact me to set up an appointment to start your Boston condo buying process. Back to homepage Boston condos Boston condos for sale SEARCH BOSTON CONDOS FOR SALE AND RENT Boston Back Bay condos for sale and rent Beacon Hill Boston condos for sale and rent Charlestown Boston condos for sale and rent Charlestown Navy Yard sale […]

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source https://www.bostonreb.com/robotic-furniture-transforms-boston-studio-condos/