Todays market favors both sellers and buyers for completely different reasons in Framingham and Metrowest Ma. Sellers are benefiting in Framingma , the Metrowest towns and Norfolk County, by such low inventory that almost every home if in good condition, where have multiple offers. This means more sellers will get the profit they want when selling in Ma.in 2016. They will get homes sold at asking or over asking prices. The market is so hot that even bank appraisers are passing through properties that sell over asking every time. For sale by owners belive they can sell ontheir own, and in a lot of cases they are correct. Of course they won't have the negotiation expertise to fully maximize their profits without a strong negotiating party on their side. The sellers have all the leverage in this market making it easier for those who dont know how to sell well, but still benefit because buyers are stuck with such low inventory in most towns.
The biggest benefit to buyers is that interest rates are still so low making it the perfect time to buy. In this market, buyers must be smart enough to realize that one of the most important if not the most important factor is their ability to negotiate. This is a must for your Ma. Realtor to be able to navigate through multiple offer. In Framingham. this is an absolute imperative to have any chance to get the home you want in 2016.
In a buyers market, sellers are desparate to sell and make their home satnd out vs so much inventory or competition.Sellers are just happy to get an offer and will accept anything that is realistic for them. The importance of knowing the market, and how to proceed from your Realtor, will determine your success in this hot market. the other extremely importnat factor which is always huge , is that your Realtor in Ma. be responsive to your calls. You will need to submit offers faster than any other market time to get your Framingham, Metrowest, or Norfolk County home. Framingfham, Natick, Hopkinton, Westborough. Southborough are just a few examples of towns close to Framingham, where properties are disappearing like a Copperfield Magic show. In a buyer's market, luxury properties in high end towns barely get looked at, not the case in 2016 Ma.seller's market. Even high end properties above 600K are selling fast now. Buyers dont have the luxury of thinking about or contemplating their options in a long timeframe, like they do in a buyer's market.
If I was your agent , your biggest benefits of working with me are experience, my responsiveness and top negotiation skills that get the job done for my clients. You must at least keep this in mind and make sure your agent has these skills. In a seller's market , homes are getting offers on the same day as the first open house, so you must start close to asking price if not at asking to have the best chance of getting a favorable response from the listing agent. There is more to it than that with negotiating the deal for your clients in this very competitive Ma. sellers market in Framingham and Metrowest towns.
For a free no obligation consulation, contact me today at 774-286-9161.
Dan Greenberger
RE/MAX Executive Realty
www.dangreenberger.com
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