buyers: What Do They Want?
- 10/06/25 12:44 PM
Here's an interesting article about what buyers of Real Estate say they need most to move them off the bubble. What say you?
What Buyers Say They Need Most (And How the Market’s Responding) A recent survey from Bank of America asked would-be homebuyers what would help them feel better about making a move, and it’s no surprise the answers have a clear theme. They want affordability to improve, specifically prices and rates (see below):
Here’s the good news. While the broader economy may still feel uncertain, there are signs the housing market is showing some changes in both of those areas. Let’s break it down … (3 comments)
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buyers: Presidential Elections and Real Estate
- 11/04/24 05:44 AM
Tomorrow, November 5th is election day. It's being reported that40%+ of registered voters have already voted. How about you?
How do Presidential Elections affect the Housing Market? I can't say I knew, so I found this article helpful. I hope you do, too.
What's the Impact of Presidential Elections on the Housing Market? It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing … (4 comments)
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buyers: Mortgage Pre-Approval?
- 10/16/23 07:05 AM
So, you're looking to buy a piece of the American Dream, owning a home. There are a couple of very important first steps you should do.
1. Find a professional Realtor® to partner with. They will be able to guide you through the entire process. This is valuable.
2. Work with your local mortgage lender to find out just how much you can afford and obtain a mortgage pre-qualification or pre-approval.
Once you do those two things you can begin to work on finding that one piece of Real Estate that will meet your needs or your family's needs. Below is an interesting article … (7 comments)
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buyers: Do You Need To...
- 11/02/22 08:31 AM
Sell Your House Before the Holidays?
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?
If you’re ready to make … (6 comments)
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buyers: The First Day of May
- 05/01/22 06:54 AM
Happy May Day! The 1st of May is also known as International Workers Day and since we as Realtors work as hard as any other worker, Thank you for your dedication to the public by helpinbg them through the purchase and/or sale of Real Estate.
Now that May is here the gardens will be planted, and curb appeal will be enhanced. Now let's pray that inventory will increase so buyers in waiting are able to participate in the American Dream of homeownership.
… (14 comments)
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buyers: Is Mortgage Pre-Approval Important?
- 03/14/22 11:53 AM
Is mortgage pre-approval/pre-qualification important?
Simply answered...Yes.
Rates are rising, inventory is continuously low, both buyers and sellers are experiencing challenging times finding new homes to purchase. That being the case, do you want your financing to be an added challenge to an already challenging situation? Getting pre-approved for a mortgage is one card that helps you emerge from the offer pack as the buyer of choice.
When you decide to enter the active real estate market, as a buyer, make sure you speak with your lender of choice. You want to be ready to make an offer when you find the right home. Financing … (16 comments)
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buyers: Is Now the Time to Act?
- 01/24/22 07:00 AM
This is an interesting article from KCM regarding interest rates. It is my opinion there's always some demand for Real Estate and people will buy no matter what the rates may be. The proof can be found, (let's all hop into Mr. Peabody's Way Back Machine) in the middle 1980's Real Estate market when rates went as high as 18%. I know we bought our home when rates were 13%. The rising rates DID give us the motivation to get with it...lol
With Mortgage Rates Climbing, Now’s the Time To Act Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to … (17 comments)
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buyers: Patience Is A Virtue...
- 04/28/21 02:20 PM
It's not only patience that is needed in this market. Perseverance and a positive attitude are needed. In our area, it's pretty typical for a viable listing to have 60 or more showings and 10+ offers. Now I'm beginning to see agents deferring showings until a Saturday Open House then make the deadline for offers for Monday by 5:00 p.m.
There is a feeding frenzy taking place. I do my best to encourage my buyers not to succumb to the emotion and get caught up in making outrageously high offers. People are using escalation clauses, covering appraisal gaps, extended closings with rent … (12 comments)
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buyers: Back to Work...
- 01/04/21 08:35 AM
It's back to work for me! I took the month of December off as our 2nd son got married and the holiday season was in full swing.
Now the holidays are over, the new year has arrived, covid remains with us, still causing uncertainty, BUT, the Real Estate market is a resilient market as are Real Estate professionals.
What does the Real Estate market have in store for us in 2021? I don't know, yet, I suspect we will see more of the same with low inventory, high buyer demand, rising prices, low interest rates, and Realtors® taking the proper precautions … (10 comments)
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buyers: How Low Can They Go???
- 11/20/20 10:00 AM
Interest rates have hit a low for the 13th time this year! With prices escalating the interest rates have been very friendly to the buying & selling public.
Buyers, this is a great time to get prequalified/approved for a mortgage and begin your search.
Sellers, this is a great time to ready your house and place it on the active market.
Inventory is low, but, one of the reasons for this is houses being placed in the active market are getting scooped up. So be prepared to submit your highest and best offer and avoid the games some play.
… (10 comments)
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buyers: What Should My Credit Score Be?
- 10/15/20 08:03 AM
This question comes up frequently with buyers. I found this article at Realty Times that offers great information to everyone who wants to better understand their creditworthiness and may be looking to purchase a home now or in the near future. I do know that the credit rating companies have changed their algorithms to include increasing debt as a negative.
What credit score do you need to get a home loan? While specifically, it can vary, there are certain things you should know before you apply for a mortgage to ensure you’ve put yourself in the best possible financial position.
… (12 comments)
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buyers: Interest Rate Update...
- 10/08/20 05:10 PM
Can Interest Rates be lower? Who knows? I didn't think they'd be this low. One of my clients just refinanced at 2.75% fixed 30 years. BUYERS do not procrastinate! Now to get inventory numbers up. SELLERS. we know you are out there...lol
… (10 comments)
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buyers: The World Runs On...
- 09/29/20 10:20 AM
...Coffee or so Dunkin Donuts would have you believe! Today is National Coffee Day (as it really is every day...lol)
Coffee has become an integral part of life around the world. People socialize over it, do business over it, wake up to it and on, and on. Now, we all know there's good coffee and bad coffee.
Pam, my wife, will tell you, if Doug likes it then you'll know it's bad coffee...lol.
BUT there are some excellent coffee roasters/brewers out there. I'm not going to promote any particular one BUT I can tell you there is a veteran-owned roaster out there that produces … (10 comments)
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buyers: Buyers...Interest Rate Information!
- 05/09/20 05:39 AM
This is STILL a favorable interest rate time for Buyers! Home prices are up but Interest rates are hovering close to record lows. This article appeared in the REALTOR® Magazine published by the National Association of Realtors yesterday May 8th.
Mortgage Rates Hover Near All-Time LowsMay 8, 2020 © REALTOR® MAGAZINE
The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low.
“Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high,” says Sam Khater, Freddie Mac’s chief economist.
30-year fixed-rate mortgages: … (6 comments)
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buyers: SOLD in Peabody $385,000
- 03/11/20 07:59 AM
It was a long haul but my 1st-time buyer clients persisted and purchased their first home. It's a cute 5 Rm, 2 BR, 1½ Ba. Old-Style Cottage/Bungalow in Peabody, MA.
It's always nice to witness the excitement that unfolds when a long process of ups and downs finally culminates in a home purchase. The buyers are handy and have plans to bring the home back to its glory days.
LOOK, We Bought A Home!
… (12 comments)
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buyers: Is There Really A...
- 02/04/20 10:14 AM
Some say there is. It feels like there is. New construction is way down and Millenials are entering the market place in larger numbers. Demand is high and the markets are hot.
There are always buyers in the market BUT lately, there have been few homes in inventory. YET, sometimes looks can be deceiving. Let me explain. Our town and the 4 towns that border us currently have a combined 31 residential listings, including condos. However, year over year there have been 456 closed transactions in those same 5 communities!
In my little town of 8700, there were 123 closed transactions (high … (4 comments)
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buyers: Would You Consider...?
- 12/06/19 10:10 AM
Whether you know it or not...BUYERS are in abundance in the marketplace. I know a couple of people who told me... Realtors® and buyers have knocked on their door(s) asking if they'd consider selling the home (which was not on the market or even being considered). I do have one friend that couldn't refuse the offer as it was much more than they thought it would sell for.
SOOOO...
Buyers Are Looking For Your … (0 comments)
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buyers: You Never Know What...
- 11/10/19 05:33 AM
...You're Going To Find...
I was out and about looking at homes with a buyer client, recently. This will be their 1st home purchase. Prices have shot up so finding something in reasonable condition in the below $350K price point can be challenging. We did happen upon 1 property. It was an estate sale. The owner's heirs cleaned the property up, removed all the knob and tube electric & added 200 amp electric service then placed it on the market.
Substantial work needed to be done. A 203-K rehab loan would be needed. To do it right it would pretty much need to … (10 comments)
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buyers: A Costly Mistake?
- 08/05/19 07:37 AM
Below is a commentary by David Bach, a self-made millionaire offering his advice to Millennials regarding homeownership. Now is a GREAT time to BUY. Inventory is still low as are interest rates and it appears many markets are seeing price adjustments. All this favors buyers.
Millionaire To Millennials: The Costly Mistake Of Not Buying Now On his personal website, self-made millionaire David Bach makes a striking statement:
“Not prioritizing homeownership is the single biggest mistake millennials are making.”
He further stated, “Buying a home is an escalator to wealth.”
Bach explains:
“Young adults in particular aren’t hopping on this escalator, and it’s a costly … (17 comments)
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buyers: 4 Reasons...
- 07/01/19 05:41 AM
"Is the Summertime a good time to sell my home?" is a question we all get to field. Now, I think any season is a good time to sell & buy simply because there are buyers for every day of the year. Sales are brisk. Interest rates have fallen and still low. Buyers are driving prices up & our inventory cannot keep up with the demand for housing. There are many reasons why it's a good time to sell. If you buy today you'll be all set to enjoy your new home by Labor Day.
The folks at KCM have produced a … (12 comments)
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Here's an interesting article about what buyers of Real Estate say they need most to move them off the bubble. What say you?
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