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Think Smarter with Nick Warren

Found 38 blog entries about Think Smarter with Nick Warren.

Think Smarter Nick Warren

October is historically one of the best times for buyers to make a real estate purchase. Is it any different in 2021? Nick talks about the current stats of the market, looking at inventory, prices, and what the market is currently like for buyers in the Boston area.

October is typically one of the best months for home buyers. Is that true this year as well?

The fall market is generally not quite as strong as the spring market, so the competition should be less as a buyer.  However, this fall’s data shows that a lot of activity is still happening, so I expect to see scenarios with multiple offers, etc., still.

Does inventory remain scarce throughout Greater Boston?

Yes, compared to this time last year, inventory is down significantly. 

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Think Smarter Nick Warren

The temperatures are cooling, but the Boston real estate market is not! This month, Nick talks about how buyers can best navigate the market if they want to purchase before the end of 2021. He also gives some strategies sellers can utilize to get top dollar during this competitive time.

For buyers looking to make a move before the end of the year, what pieces of advice do you have for them?

For those looking to purchase before the end of the year, whether for personal or financial reasons, one of the biggest things you should plan for is the amount of time it takes to close in real estate. 

Typically, you can expect the actual closing to happen somewhere between 30 and 60 days after putting a property under agreement.  This time frame can be

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Think Smarter with Nick

It’s hard to believe that 2021 is half over! This month, Nick talks about how he sees the next half of 2021 playing out in the Boston real estate market. 

What will it be like for buyers looking to make a purchase and sellers looking to sell around the Greater Boston area? 

And, what can we expect to see in the rental market through the end of the year?

For buyers and sellers looking to make a move by the end of 2021, what do you think they can expect?

Most predictions I’ve heard are stating that the market will remain strong with low inventory and high buyer demand, which I agree with.  There has been additional inventory coming on the market over the past few weeks, which has helped things a bit. Historically speaking, we still see only

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Think Smarter with Nick

What is it like to sell your home during this competitive and crazy market? Nick talks about some transactions over the past few months to highlight how the inventory shortage impacts sellers. He also gives tips for how sellers can be competitive and sell for top dollar in this market.

What have you seen in recent transactions that is unique to the market right now?

I've written about this before, but the unique thing we have been seeing in transactions right now vs. a regular balanced market is that buyers have become so frustrated with losing out on offers that they are willing to take on significant risk by removing contingencies.  The most important thing when considering this as a buyer is that you know what those risks are.  I wrote a

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Think Smarter with Nick

This month Nick gives his advice to buyers looking to make a move this spring/summer. With a highly competitive Boston real estate market, it can be challenging, but there are ways to be competitive and purchase the home of your dreams!

There is a lot of talk about “contingencies” right now - can you explain these?

Contingencies are clauses in an offer that define a condition or action that must be met for the purchase contract to become legally binding.  

Typical contingencies buyers use in offers include:

  • Inspection Contingency - Allows the buyer to have a professional home inspector inspect the property and then decide whether they want to move forward with the purchase, potentially renegotiate the price/terms, or back out and

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Think Smarter with Nick

Spring is officially here, and the Boston real estate market certainly is heating up like the weather! Nick gives tips for sellers looking to make a move this spring - and how to best prepare your home for sale, as well as pricing their home competitively. He also offers an important suggestion for buyers navigating the common bidding wars we are seeing in the market today.

As the spring market fully gets underway, we see a vast amount of activity, especially in suburban markets. What can sellers in these areas do to make their homes more appealing to buyers?

Even though inventory is low in the suburbs and homes fly off the shelves, it still doesn’t mean that a seller shouldn’t position their property in the best possible way.  My recommendation

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Think Smarter with Nick

As we head into the spring market, Nick discusses how this year compares to years past in terms of the Boston real estate market. With housing inventory down over 25% nationally, it is a seller’s market in many areas. Nick gives tips for those looking to make a purchase during this time and also advises how sellers can best take advantage of this market.

According to the National Association of Realtors latest report, housing inventory across the country is down by 25.7% year-over-year. What are you seeing specifically in the Boston area?

We are really looking at two entirely different real estate markets when it comes to Boston vs. the suburbs.  In Boston, our condo inventory is actually up 32.85% YoY (as of 3.15.21) yet, in the suburbs,

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Think Smarter with Nick

Buying a home in the Boston area can be confusing - especially if it is your first time. There are a lot of questions and misconceptions out there. Nick discusses some of the questions he is asked most often as a Boston real estate expert. If you are thinking about buying this year, you don’t want to miss this blog post!

Does a buyer really need 20% down to buy a home in the Boston area?

No, they definitely don’t.  There are plenty of programs from lenders that allow buyers to put less than 20% of the purchase price down.  However, there are restrictions that come with lower downpayment loans such as minimum credit scores and maximum loan amounts which could affect someone’s ability in getting that type of loan.  

The other factor to consider

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Think Smarter with Nick

2021 is here, and we could not be more excited! Nick makes his predictions for the Boston city market with a new year ahead of us and what he thinks we will see for buyers, sellers, and renters throughout the Downtown markets.

As we head into 2021, what predictions do you have for the city market - specifically the downtown neighborhoods?

We are now just over a couple of weeks into 2021, and we have already seen about 23% more condos in Boston go under agreement vs. the same period in 2020.  I regularly meet with our agents to gain perspective on the market, and most have told me that this is the busiest January they have ever experienced.

With the vaccine rolling out and a new administration in the White House only days away from taking

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Think Smarter with Nick

The end of 2020 is here and many would say they are looking to 2021 for brighter days! Nick gives his predictions on what he thinks we can expect from the market next year for buyers, sellers, and renters. Plus, he gives a piece of advice to anyone looking to make a move next year!

What are your predictions for the Boston real estate market as we head into 2021?

The reasons people loved living in Boston, or any major metropolitan city for that matter, such as convenience and the overall experiences it provides for its residents, have all been turned upside down since the pandemic hit.  My prediction is that it will take about 12-18 months after a vaccine is widely distributed for the energy and excitement of city living to return.  But, once it

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