Real Estate Blog - March, 2023

Unique Opportunities At Winthrop Center!

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Danish Pharmaceutical Company to Expand Its Greater Boston Presence

Danish pharmaceutical company Novo Nordisk announced that it will be expanding its Research & Development operations in the Greater Boston area, bringing more than 200 new jobs to its Watertown, Cambridge and Lexington branches.  You can read more about it here.

 Novo Nordisk is investing heavily in the Boston area.  In November, they announced their plans to convert a 100,000 sq ft space into a state-of-the-art lab focusing on their RNA interference research.  They’ve become a huge player in this space after acquiring Dicerna Pharmaceuticals, also based out of Lexington, in November of 2021.

 With new jobs being created in the area, coupled with very low inventory, it is already promising to be an extremely competitive spring market.  Track…

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Balancing Your Wants and Needs as a Homebuyer This Spring

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: 

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.

The first step? Get…

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An Expert Gives You Clarity in Today’s Housing Market

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.

A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now. Jay Thompson, Real Estate Industry Consultant, explains:

“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”

…

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8 Steps to Buying Your First Home

Your home is the largest financial investment you’ll ever make, and the process to get to home ownership can be overwhelming.  With the right agent, it should be a memorable, smooth, enjoyable experience.  This article breaks down into some simple steps for you; you can read more here but I’ve given you a summary:

1.      Assemble Your Team:  You need top-notch group of professionals guiding you through the whole process.  Picking the right buyers agent is key – you might think you’re “getting a deal” going directly to the listing agent but chances are you’ll end up losing money when all is said and done and the agent, inspector, lender, and attorney are all picked by the seller’s representatives – so, in other words, a team who’s first priority is…

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Leverage Your Equity When You Sell Your House

One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this:

“Home equity is the portion of your home you’ve paid off – in other words, your stake in the property as opposed to the lender’s. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances.”

Majority of Americans Have a Large Amount of Equity

If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census…

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2022 Annual Market Summary

Our team is powered by Coldwell Banker, the #1 brokerage in New England for over 25 years.  With LINK Boston, Coldwell Banker presents the 2022 Annual Market Summary.  The data provides an overview of how the global events of 2022 shaped the Boston real estate market, and how it compares to previous years.  It also highlights trends we expect to continue in 2023.

Contact me for more information!

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4 Tips for Making Your Best Offer on a Home

Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer.

1. Lean on a Real Estate Professional

Rely on an agent who can support your goals. As Bankrate notes:

“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.

2. Know Your Budget

Understanding your budget is…

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South Station will have Ritz Carlton residences

South Station will have Ritz Carlton residences

There are 166 luxury homes being built right above South Station in a project that will have both residential and commercial space, and it was recently announced by the project’s developer that they will be Ritz Carlton residences. 

Residential homes start on the 35th floor of the 51 story, 680 foot tower that is set to become one of Boston’s tallest buildings of any kind and will feature panoramic Harbor views from their floor-to-ceiling glass windows.  Amenities will include a private park, outdoor terrace, gardens and more.

The homes are set to be complete in 2025 as part of a three-phase project that also includes expansion of the South Station bus terminal and connecting it to the train…

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2 Things Sellers Need To Know This Spring

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

1. Houses That Are Priced Right Are Still Selling

Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:

“With a smaller pool of buyers today and more…

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