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Think Smarter with Nick Warren

Found 52 blog entries about Think Smarter with Nick Warren.

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2023 is here and we couldn’t be more excited about the new year! There are some exciting new developments coming to completion this year which Nick discusses this month. And, he gives tips for those looking to buy in one of these new communities.

What are some of the new buildings you are excited about being completed this year?

The two buildings that I’m really excited about are Raffles Residences and Winthrop Center.  

Raffles Boston Back Bay is going to set a new bar for luxury in the Boston real estate market.  This ultra-premium, 33-story Boston condo building features 146 luxury condos on the upper floors and 147 hotel rooms on the lower floors.  Owners will enjoy the amenities and services provided by the Raffles hotel as well as

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We can’t believe that 2022 is coming to a close but are so thrilled about welcoming a new year! This month, Nick talks about some of his favorite things to do in Boston in the winter months and also how sellers can best prepare their homes for sale if they want to hit the spring market!

What are some of your favorite winter activities around Boston?

There are so many fun and interesting activities around Boston in the winter months. These are some of my favorites to enjoy with my family:

  • Ice Skating at the Frog Pond:  Located in Boston Common, the Frog Pond is a popular spot for ice skating during the winter months. Imagine hosting a holiday party and inviting guests to enjoy the magic of ice skating in the heart of the city.
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As 2022 winds down, Nick discusses the changes we have seen this past year and his predictions for 2023. He talks about what sellers should be doing to optimize their homes for sale and what buyers can expect as we see the market cool down a bit.

What will we see in the Boston real estate market in 2023?

The first quarter of 2023 will be much like Q4 of 2022.  We are in the middle of a transition period where buyer and seller expectations are not quite lined up.  Every month that goes by should get those expectations closer to reality, which will result in more and more transactions happening. 

What can sellers be doing now to optimize their listings?

Sellers need to be aware of the changes in the market and understand that pricing it

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With our new Q3 market report just released, Nick takes a look at what he is seeing right now in the Boston real estate market. And, he gives his thoughts on what buyers and sellers can expect through the rest of the year.

What are some of the interesting trends you see in the recent market report?

The biggest trend I am seeing is that fewer transactions are happening in almost every neighborhood vs. 2021.  This is something that we were expecting with rising interest rates and economic uncertainty that we are experiencing.

How do you expect these trends to impact buyers and sellers over the next few months?

Fewer transactions mean that demand is softening which, with rising interest rates, is expected.  This means that sellers have to

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This month, Nick discusses home staging and what sellers should take into account when considering it. He gives tips for those considering staging their home and shares a success story from a recent sale.

What are some things a seller needs to consider when debating whether to have their home staged or not?

With the market shifting, sellers and their agents need to really focus on positioning their properties correctly to receive solid offers.  Part of this includes doing repairs and potentially decluttering and/or staging.  

The idea behind staging and/or decluttering is to eliminate potential distractions for buyers. It is hard for potential buyers to see themselves living in a property if all they remember is that hot pink bedroom or the

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As summer winds down and we look to the autumn season, Nick talks about what he expects during a historically busy time in Boston real estate. He discusses what buyers are looking for in the market now and what sellers can do to appeal to them.

What are buyers looking for right now in the market?

We’ve seen buyers shift from a scarcity mindset that forced them to be aggressive with their offers and terms to now being more patient and confident to negotiate with sellers again.

What can sellers do to best appeal to them?

Sellers face more competition and longer days on the market now vs. during the spring, so they have to be more strategic when listing their property for sale.  Sellers should work with their agents to find items around the

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With half of 2022 behind us, we have already seen some very interesting changes in the Boston real estate market this year. Nick discusses these changes and how buyers and sellers can best prepare if they are looking to make a move this year.

What has surprised you most about the real estate market in Boston so far in 2022?

The biggest surprise to me is how quickly things have changed.  

At the beginning of this year, we experienced one of the busiest real estate markets I’ve ever seen.  There seemed to be a rush of buyers racing against the looming rise in interest rates.  This rush continued until around April when we suddenly started hearing concerns from buyers and seeing less activity at some listings than we initially expected.  

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Summer is here, and we can’t wait to explore the wonderful outdoors throughout Greater Boston! As temperatures heat up, we look to the Boston real estate market to see if it is following the same trend - or possibly starting to cool down? Nick walks us through what is happening in the market and some ways you can enjoy the wonderful summer season in Boston!

There have been some news reports that the market is cooling or adjusting. Is this true?

Mortgage rates are now above 6%, significantly increasing monthly mortgage payments for those buying now vs. 6-18 months ago.  The increase has affected the real estate market, especially over the past month.  Days on the market have increased, and we’ve seen fewer properties receive multiple offers. 

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Think Smarter Nick Warren

This month, Nick advises first-time home buyers and ideas for helping them navigate the competitive landscape of the Boston real estate market. Read on to learn how to make an offer competitive and one crucial piece of advice that can help you buy your first home.

What makes the Boston real estate market unique for first-time buyers?

First-time homebuyers in Boston are a bit different. Given that our average sold price in Boston is now over $1m, first-time buyers typically have to wait a bit longer until they can afford to buy a property here vs. other parts of the country.  

Even if they are waiting until they are in their late 20s or 30s, they still may not have enough money for a down payment, so we often see first-time buyers get help

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Think Smarter Nick Warren

Nick and the rest of the office recently got a special behind-the-scenes tour of the brand new Raffles Residences. This month, he talks about the exciting aspects of these highly anticipated homes and how they will blend into the Boston landscape.

What can you tell us about the new Raffles Residences?

Like many Bostonians, I had never heard of the Raffles hotel brand before. Walking into the sales center of the Raffles Residences, I sensed a different level of quality and finishes in these homes compared to what we see in many of the new luxury towers in Boston. 

The attention to detail was noticeable immediately, even in the small details like the knockers on the front door. 

This group of developers definitely wasn’t interested in

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