Resources ... Let Us Know How Can Help
If you plan to purchase your first or tenth home, start here. Buying property in Massachusetts is not difficult, but it's helpful to understand and be aware of the local customs before you start your search. Our goal is to help guide you toward the best decision for your unique situation. To do this, we believe that a well-informed client will ultimately be the most satisfied, too. We look forward to discussing the current market conditions and trends with you - most important, we can't wait to help you discover your dream home!
Check out our on demand home buyer video seminar here! After registering, you'll have instant access to our on demand buyer consultation and we'll immediately mail (USPS) your home Massachusetts Home Buyer Booklet. It include everything you need to buy a home in Massachusetts - even sample forms. Click here to get access now!
Selling your home is a big decision. It's not just about moving, it's about identifying a proven seamless process that will help maximize the value of current property within a timeline that meets your specific needs.
There's no doubt that this can be a stressful process, but after successfully selling 100s of homes, we've identified the smoothest processes, most effective marketing strategies and negotiation techniques to ensure the highest sale price with the least amount of hassle. Contact us today for a no obligation consultation.
Senior Options
Connect with experts to discuss senior living options. Knowing where to begin is the hardest part, so we've included a few helpful resources below:
Home Hazards
Asbestos - Asbestos.com provides a Guide to Asbestos in The Home ... it outlines common asbestos locations, related heath concerns and how to deal with asbestos when it's found. Tips on how to hire an asbestos remover can also be found at asbestos.com.
Lead Paint - Slowly phased out in the 1960s and 1970s, lead paint was ultimately outlawed in residential use in 1978. Consequently, all homes older than 1978 are suspect; however, there are many ways to mitigate lead paint and costs can vary. In recent years, the government has eased mitigation requirements to encourage lead compliance. The below sites provide additional information about lead paint safety ... you can even search property to see if it's been tested for lead paint.
Mass.gov - Search property testing history
Massachusetts Childhood Lead Poisoning Prevention Program’s Lead Safe Homes 1.0 database
New England Lead Prevention - Information for home buyers, tenants, landlords, etc.
Are There More Homes for Sale Where You Live?
Are There More Homes for Sale Where You Live?
One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.
Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but was discouraged by how limited inventory was, this should be welcome news.
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”
But just so you have perspective, even though inventory has grown, that doesn’t mean we’ve suddenly flipped to an oversupply of homes on the market. There are nowhere near enough homes for sale to make prices crash. If you compare today’s inventory levels to more normal, pre-pandemic numbers (2017–2019), there are still roughly 29% fewer homes actively for sale now (see graph below):
So, while we’re up by almost 37% year-over-year, we’re still not back to how much inventory there’d be in a normal market.
As Bill McBride, Housing Analyst for Calculated Risk, explains:
“ . . . currently inventory is increasing year-over-year but is still well below pre-pandemic levels.”
But that’s okay. It’s to be expected. As a country, it’ll take a while to get back to the typical level of homes for sale. And the good news for buyers is, in some select markets, it’s closer to being a reality.
Here’s a rundown of what today’s inventory growth looks like by region (see graph below):
Real estate will always be hyper-local. If you want to find out what inventory numbers look like where you live, reach out to a local agent. They’ll be able to tell you what they’re seeing and how it stacks up to the national market. You may find you have even more opportunity to move where you are.
Bottom Line
The supply of homes across the country is improving in a big way. As a buyer, that gives you more options for your home search, and ultimately, a better chance of finding what you like.
So, what are you looking for in a home? And what’s your budget? Let’s go over that together to find the options that may be right for you.
Other Useful Tools
Financing ... everyone's budget and cash flow is different. Whether you you get paid on a salary, hourly, bonus or commission basis, understanding your monthly obligation is critical when buying a home.
Here is a link to a mortgage calculator to help you start your planning.
Explore A Career in Real Estate!
Real estate can be a very rewarding career ... each day we have the opportunity to meet and help new people! Being able to help someone start a new stage of life is an extremely gratifying experience.
It's relatively easy to get started, but knowing where and how to start is the biggest challenge. Unfortunately, the state licensing exam doesn't cover any marketing or business planning ... so new agents are often left to sink or swim! In 2023, the National Association of Realtors estimates 10,000 agents are being forced to leave the business each month!
After being in business for 20+ years, I've been able to help many buyers, sellers AND agents succeed. Getting started the right way with the right company can make or break an new agent. eXp Realty is now selling more homes than any other brokerage, so we have tools and training to help you succeed. Moreover, it would be my pleasure to introduce you to the company's tools, answer any questions that you have about the business and share my systems and training so that you are able to quickly launch your new business. Let's connect!