Today we’ll discuss the status of the current real estate market.
Selling your Massachusetts home? Get a home value report
Buying a Massachusetts home? Click here for full MLS access
As we move into the spring market, we’re finding that low inventory still prevails. That means there just aren’t enough homes for the number of buyers attempting to become homeowners. Low interest rates are still very attractive, but there’s upward pressure on them, meaning that buyers will want to move quickly if they want to take advantage of them.
Our robust economy notwithstanding, many people have suffered the consequences of the pandemic and many businesses have been adversely affected. Still, well-priced homes are selling at a brisk clip. It’s not unusual for appropriately priced homes in good condition to be generating multiple offers.
Buyers are waiving contingencies to stay competitive.
That’s why having a skilled agent by your side is so important—you’ll want professional help to navigate the waters of a multiple-offer situation. That way, if you’re selling a home, you’ll be able to optimize your sales price and terms. In some cases, buyers are waiving inspection, appraisal, and financing contingencies in order to make their offers highly acceptable in an extremely competitive environment.
If you have any questions about the market or real estate in general, please feel free to reach out to us. We’d be more than happy to provide you with answers.
If you have any questions about the market or real estate in general, please feel free to reach out to us. We’d be more than happy to provide you with answers.
