Please oh Please Buy It Right

By
Real Estate Agent with Century 21 American Properties 9051300

Buying it Right!

The reason I am writing this entry in my blog is due to the fact that over the past couple of weeks, I have been asked to look at properties where people are moving relatively shortly after they purchased it. None of us can predict the future.

However, we should really try to define what are our plans with a particular property might be, and how long we may be in the property.

By defining why we need to purchase and for how long we need to stay, we can make better decisions for the acquisition of real estate.

In the Greater Boston Real Estate market, we have seen double digit appreciation for 5 years. The minute the market starts to cool everyone panics and thinks that the sky is falling. Being on the front line everyday and in the trenches with both home buyers and home sellers, I can assure you that the sky is not falling.

There are deals to be had. I am closing on several properties in the next couple of weeks. You need to take your search seriously. Would you do knee surgery on your own? Why would you make a run at buying property without help?

I feel the need to write on this just to convey that if you are thinking about purchasing a property you need a Realtor. I am not writing this to solicit your business. I really have more than enough work on my plate at all times. The reason I am writing is becuase over the past couple of weeks, several potential clients have called me up to give them a value of their property. After touring the property, and conducting a thorough market analysis of the property, I came to the conclusion that these folks overpaid for the property to begin with.

In most instances, the folks did not use a Realtor (serving as a buyers agent) to acquire the property. This was the first mistake the client made. In 90+% of the time, a property owner when hiring a real estate agent to market their property agrees to pay a buyer's agent a fee to represent the buyer in the acquistion of their property. The listing broker, the agent hired to market the property, and the property come to a negotiated comission of say around 6%. Typically, the agent hired to market the property will solicit the expertise agents working on behalf of buyers to consummate a real estate transaction. In a typical arrangement, half of the fee the seller is paying to market the property will be paid to another agent for procurring a buyer. In summary, you can hire a real estate agent to conduct your due diligence, offer expert opinions and advice, and to provide you with timely market data. The million dollar questions is usually posed right about NOW! "How much is this going to cost me?" The millionaire dollar answer is probably nothing. As I have illustrated, the seller is already paying the comission no matter what.

Why would you not enlist the service of someone who examines real estate daily to be on your side during the transaction.

Now that you know, you can have a person who may sell 30+ properties a year. Again, this is typically paid for by the seller no matter what. Why not get help?

If you don't call me, please call a Realtor for professional representation. 

 

Michael Mahoney
Realtor®
Prudential Real Estate
http://www.mmahoney.com/

Favorite links of mine for you to check out:

Dorchester Real Estate -  visit www.02124.com
Hyde Park Real Estate - visit www.02136.com
Jamaica Plain Real Estate - visit http://www.livein02130.com/
Mattapan Real Estate - visit http://www.02126.com/
Milton Real Estate - visit www.02186.com
Quincy Real Estate - visit www.02169.com
CONDOs in Quincy - visit http://www.quincycondobuyer.com/
Roslindale Real Estate - visit http://www.livein02131.com/
Roxbury Real Estate - visit http://www.livein02119.com/
South Boston Real Estate - visit http://www.livein02127.com/
South End Real Estate - visit http://www.livein02116.com/
If you are looking for real estate in West Roxbury, you should visit http://www.livein02132.com/

See all real estate in Greater Boston, see more @ http://www.bostonbuyer.com/

Find fixer uppers, foreclosures and no money down homes  @ http://www.thebostonreports.com/

Wonder what a property is worth? Have professionally completed market analysis done @ http://www.yourequityfinder.com/

Would you like listings e-mailed to your inbox every morning? Sign up for your daily buyer's edge e-mail by clicking here

Looking for foreclosure auctions? Get the weekly scoop via e-mail. Request the weekly report by clicking here

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Massachusetts

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
297,605

Michael Mahoney

Boston Realtor
What is My House Worth?
*
*
*
*
Spam prevention