Jon Gorey - Globe Correspondent April 7, 2021 9:00 am
Beyond the mulched flower beds and staged living rooms, it’s not a pretty scene: increasingly desperate buyers striking out on offer after offer and would-be sellers afraid to list their homes for fear they won’t be able to buy one themselves. With buyer demand dwarfing the inventory of homes for sale, the spring 2021 real estate market is already a heartbreaker.
We asked realtors, lenders, appraisers, home inspectors, stagers, and movers for tips on how to navigate this season’s housing hysteria. . Jezper/Shutterstock.com
BUYING
The bigger the down payment, the better.Prices are rising so fast in this market that appraisals sometimes fall short of the agreed-upon price, and banks generally won’t lend beyond that limit which is one reason sellers like to see a large down payment that can cover the difference. “If there are five offers on the table, one of those people is going to have a sui
Spring House Hunt: 47 tips for buying, selling, staging, and more boston.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boston.com Daily Mail and Mail on Sunday newspapers.
Spring House Hunt: The ways you can list your home explained Jim Morrison Boston.com Correspondent April 5, 2021 9:53 am
The vast majority of homes in Greater Boston are sold by real estate agents through a Multiple Listing Service called MLS PIN. The subscriber system ensures that most real estate agents know the property is on the market, and it’s where online brokerages and search engines such as Zillow and Redfin get their listing data (if the agents allow it).
Usually, properties come on the market designated as “new,’’ “active,’’ or “reactivated’’ on MLS, but there are other options that could make sense for some sellers. As with any option, the results depend on how it is used and the audience it targets.