You've been pondering this, discussing it with friends and family, but want more information on the market and what actually happens during your first home buying, but you're not quite sure where to get the answers? We at Charlesgate Realty Group can you help you!
We've been hosting a Boston Home Buyer Class for a few years now. It's free. And we discuss things such as:
• Renting vs. Buying: Whether it even makes sense for you to buy right now
• Homebuying process and timeline: How long it actually takes to buy
• Working with an agent: How it works and whether or not you really need one
• What mortgages are still available and how much cash you need to buy
• Using neighborhood level data (like discount ratios and real time trend graphs) to value properties
• Negotiating 101: How to craft your offer to drive a hard bargain!
• Top 10 online resources to aid your home search
It's very low key, we offer food and drinks before and afterward and it's a great way to learn about the Boston real estate market, ask questions that you may have regarding the process. In fact, our buyer agents stick around to answer any other questions you may have that we may not have hit upon during the class. The class is at 6pm on Tuesday September 20.
Click here to get more information and to register. We hope to see you there!
Tags: Condos, charlesgate realty, Boston real estate, Boston condos, charlesgate realty group, Boston, Back Bay, downtown boston, South End, for sale, buying, foreclosures, housing market, attorneys, economy, the economy, buyers, financing, buyer tools, events, condo docs, buyers agent, property search, pricing, property tax, Financial District, beer
There has been a lot of positive news out of the real estate market in general lately, especially on a statewide and national level. But things have not been so rosy in downtown Boston....or have they?
Since my post on the top 5 highest and lowest priced Boston condos sold in April that I wrote last month was so popular, I think I'll make it a recurring post (at least until I get bored with it, which if you know me, happens pretty frequently - variety is the spice of life as they say! - but I'll try).
Another new development project in Boston is changing tack from a traditional sales model to the auction format. "The 1850" lofts (located in the bleeding edge of the South End south of Harrison Ave at 90 Wareham Street - map) are to be auctioned June 28th, at the Westin Boston Waterfront Hotel.
UPDATE (JUNE 11, 2009): If your just finding this post, you may also want to check out the Top 5 highest and lowest priced Boston condos sold in May as well. Thanks for reading!
One of the best ways to learn about the Boston condo market (or any local real estate market for that matter) is to actually look at what type of properties you can get in a particular price range. So I want to give you a look at what you can get for the money in the South End in this post.
This is a question that I'm asked time and time again. Buyers come in, reading the news about how it's such a buyer's market out there now, and ask me how much they can negotiate off the price of a condo. My answer (at least in the Downtown Boston condo market) usually comes as a surprise to buyers. Not much, I say - about 3 or 4% from the final asking price (on average, obviously ever property is evaluated independently when negotiating an offer). That also isn't to say the price hasn't already been reduced from it's original price, so the average discount rate from the original price of a condo in Boston is obviously higher. See for yourself:
If you could go back to the year 2000 and buy a condo in Boston, would you? Does it make sense? Are prices up, or down? When was the peak? What's going to happen in the next few years? These are all common questions I've been getting a lot of recently so I want to answer them and produce an ongoing quarterly market analysis to keep you on top of the market. I am still working on a final quarterly report for Q1 2009 (plus the past 9 years or so), but I wanted to provide a little "preview" here first.
If you like food and restaurants as much as I do, you'll definitely be interested in "A Taste of the South End", which is a charity benefit for the Aids Action Committee of Massachusetts being held next Tuesday (March 10th) at the Boston Center for the Arts Cyclorama at 539 Tremont Street in the South End (obviously!). Sample food, wine, and cocktails all in support of a good cause.