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Fall is the New Spring in Real Estate

Courtesy of Andrea Brambila - Inman News.

      

Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market's busy season forward through at least the end of the year.

Record-low mortgage interest rates, the increased need for more spacious, multifunctional homes during the coronavirus pandemic, and timelines that no longer necessarily revolve around the start of the school year have fueled homebuyer demand so much that fall is looking more like a new spring in the housing market this year.

“This spring was like no other,” Brian Rubenstein, senior director of mortgage at online lender Ally Home, told Inman in a phone interview. “The pandemic and the market dislocations were quite unprecedented.”

Due to the pandemic, the Federal Reserve has kept interest rates low in an effort to shore up a faltering economy, and rates for 30-year fixed-rate mortgages have been hovering around 3 percent. This week, National Association of Realtors Chief Economist Lawrence Yun declared that 2020’s housing market was outperforming 2019’s housing market and predicted that this year’s home sales would end up higher than the 5.34 million homes sold in 2019.

Rubenstein doesn’t expect rates to rise and that means that the market will likely see what he called an “extended spring cycle.”

“We’ve begun to see a steady increase in people hitting the market, inventory remains lower than usual, but at the same time, with demand being so high, we’re seeing the average home price jump dramatically.

“For the first time we’re also seeing the new entrants into the market — first time homebuyers — not really being scared off by that. They’re really looking to settle in and really begin their home purchase journey, given everything that’s happened in the current landscape.”

Ally saw a delay in the spring market that lasted about two months. Whereas the market typically starts heating up in March as homebuyers figure out where they want to be for the following school year, this year it wasn’t until May that mortgage application volume started picking up, according to Rubenstein.

“Our app volume’s up close to 160 percent of where it was year over year. The purchase market has begun to pick up steam as the refi wave continues to dwindle a little bit,” he said.

Although Ally declined to share raw numbers, the company said the share of first-time homebuyers in July and August had grown to 60 percent of purchase volume, up from 42 percent of purchase volume in July and August 2019 — a 43 percent year-over-year increase.

Trending

“I would expect us to continue to see a steady pick up in purchase volume through the remainder of this year and … [stay] buoyed by the spring market next year,” Rubenstein said.

While there is usually a dip in mortgage volume around the holidays, whether there is one this year is up in the air, in part because people are less likely to travel extensively until there’s a vaccine, according to Rubenstein.

“If folks are not open to traveling during the holiday season, it could present an opportunity for us to continue the continued climb in the mortgage space,” he said.

Additionally, companies that are currently having their employees telecommute could decide to extend that arrangement, allowing people to ditch their previous commutes and “re-tether” themselves to an area that’s more important to them because it’s closer to relatives or a particular school, according to Rubenstein.

“It could help perpetuate … the late spring market through the fall, through the winter, into the following spring,” he said.

Because school is unlikely to be solely in-person, that could encourage families to move around more as well.

“If the caregiver or parent is remote, and the child is either remote, or there are going to be multiple options in the future for children to facilitate learning, whether it’s through virtual or e-learning, that provides a lot more flexibility optionality for folks when they’re making home purchase decisions,” Rubenstein said.

“People are going to be thinking about that probably in a different way, given the landscape of the environment. I think that could help further stimulate this market that we’re seeing now and continue on at least through some point next year.”

Real estate data firm CoreLogic saw home prices rise 5.5 percent year over year in July — the highest rate since 2018. Real estate brokerage Redfin saw home prices rise even more in the markets it operates in — 8.2 percent — canceling outa 6.9 percent increase in buyer purchasing power due to low mortgage rates. The firm attributed the price increases to a combination of low inventory and high buyer demand.

Instead of experiencing their usual fall decline, home prices will at least hold at their current “record high levels” for the next quarter, according to Mike Simonsen, CEO of housing market analytics firm Altos Research. Simonsen hosted a webinar Thursday titled “The Key Data to Watch Right Now in Real Estate.”

Source: Altos Research

“Normally where we are in late summer is the high and we’re starting to reduce prices before the end of the year. We don’t want to be stuck with a home in November that’s been on the market since July, so they get cut,” he said.

“[This year] our whole seasonal reset is way lower than a normal year. Twenty-five [or] 26 percent instead of 36 [or] 37 percent of homes are taking price reductions. That’s because there’s demand in the market. That’s homes getting listed and sold quickly. That’s multiple offers, and that says that the homes that are listed now in the prices that we’ve got now hold up for transactions that happen later in September, in October, November.”

        

Source: Altos Research

That demand is being met with shrinking inventory. Altos predicts the number of single-family homes for sale will continue to drop through the end of the year.

Source: Altos Research

“We had just a couple of weeks in March of climbing inventory in 2020, and then the rest of the year when normally we’d have all this inventory increasing, inventory dropped rapidly every week from April all the way through,” Simonsen said.

“It’ll be flat for a couple of weeks here in September and then you can expect the majority to pull back. The second week of January is when we get our inventory turn. It starts the new listings for the springtime. We may be at 378,000 homes for sale for the whole country. It’s insanely low. That would be half of what a normal January would start at and like a third of what a healthy market would be.”

Source: Altos Research

Altos expects that some homes will come on the market as the first six months of mortgage forbearance end for some homeowners at the end of September. At that point, some will decide to sell their homes, but most will re-extend their forbearance period so that it ends in March, which may mean new inventory in April, according to Simonsen. Still others who are currently in forbearance but not responding to their lenders may go into foreclosure on January 1 as the current foreclosure moratorium ends, or may decide to sell to avoid foreclosure, he added.

“Because prices are high, equity is at record levels, homes are moving fast, it seems unlikely that we’re going to get a wave of foreclosures, but more likely that we might have folks that say, ‘Well, I’m going to take my cash now,'” Simonsen said.

“For Realtors that communication of the opportunity to walk away with your cash pretty quickly because demand is high is a listing opportunity to take advantage of.”

In response to a post on Inman’s Coast to Coast Facebook page, real estate pros mostly expected the fall market to be as busy as their spring normally would be.

“The [Washington D.C.-Maryland-Virginia area] has been extremely busy,” wrote Don McGlynn, associate broker at Compass. “Low inventory is resulting in a price squeeze. Things would have to change drastically for that to slow down in the fall.”

“We are still seeing low inventory and multiple offers on many homes,” he added. “30 years in the business and I have never seen this before.” But, he added, “[R]eal estate is cyclical. I think when the pandemic is over we will see more homes coming on the market. It should lead to a more balanced market.”

Some agents and brokers anticipate staying busy, but predict low inventory will stymie sales.

“In the Chicagoland market as long as people don’t have to commute to an office to work in, we will continue to see homes selling in specific price points where home buyers can have the separate living spaces to accommodate the household needs for working and education as well as greater outdoor space,” wrote Andrea Geller, a broker at Berkshire Hathaway HomeServices Chicago.

“For the most part I haven’t had a lull and still continue to get new opportunities with new and past clients, which is giving me a good pipeline of business,” she added. “One of many [factors] choking up listings and some buys are the courts are so behind that sales that are a result of things like divorces or estate issues are on hold until the right to sell them is there.”

Glenn Phillips, CEO of Lake Homes Realty which operates in 30 states, anticipates “above-average buyer demand continuing, and the deal flow continuing to be limited by low inventory through the [f]all.”

But he predicts the repercussions of the pandemic to hit next year. “After the stimulus money runs out (sooner or later, even if there is another round), this tempo may change as the economic scars from the pandemic will become more obvious to the markets and the economy. The election outcomes will also influence the tempo of the market next year,” he wrote.

Tim Marsh (Owner | Broker)

Marsh Properties, Inc.

tim@bostonluxuryrealestate.com

(C) 617-548-7145

Gorgeous Marlborough Street 3BR Penthouse Features a Private ~1,000 SF Roof Deck With Postcard Views!

Stunning 3 Bedroom, 2.5 bath penthouse duplex of almost 2000 sq.ft of luxurious living featuring an additional 1000 +/- sq.ft. mutli-level roof deck with dramatic views of the Back Bay & Boston downtown skyline. The large marble, fireplace'd living room is flanked by 2 sets of French doors leading out to an additional 6'x24' terrace overlooking Marlborough St. Both outdoor spaces are fully landscaped & complete with an automated 3 zone irrigation system, dressed with accent lighting throughout. The open floor plan provides for fabulous entertainment with a separate marble wet bar & N'Finity Pro wine refrigerator. The grand dining room has a large skylight & lovely period sconces. Renovated, sky-lit kitchen is accented with an unusually large piece of inlaid granite floor matching the counters & back splash. Custom cabinetry, double Viking ovens, 5 burner Miele cooktop  & Subzero refrigerator provide all the elements needed for that perfect kitchen. Elevator. One full parking space.  $2,999,000

Take a Video Tour

    

  

Cheryl Marsh

(C) 617-797-5781 or cheryl@bostonluxuryrealestate.com

Recently Listed Luxury Two Bedroom Condominium With All The Right Touches - at The Heritage On The Garden!

Recently listed luxurious, full service two bedroom home at the world-class Heritage On The Garden.  Center Belvedere elevator access.  Elegant granite-accented circular foyer.  28' living room with bay window and dedicated dining area.  Chef's fully appointed S/S and granite kitchen.  Lovely master bedroom with sweeping bay window. Sumptuous white marble master bathroom en-suite features a step in shower with two sets of controls and two vanities.  Large second bedroom.  Adjacent granite-accented shower stall bathroom.  Laundry room.  Two tandem garage spaces.  Boasting one of Boston's most valuable addresses, the Heritage is located across from the Boston Public Garden and close to the Boston Common, Newbury Street shops and restaurants, Charles River and Esplanade and the Back Bay and Downtown Business Districts.  Services include daily tea service and Sunday brunch in the Great Library overlooking the Public Garden, on-site management, 24/7 Concierge, Doorman and Major Domo.  $2,685,000

Take a video tour of this property at  https://player.vimeo.com/video/424207177

    

      

Tim Marsh

(C) 617-548-7145 or tim@bostonluxuryrealestate,com

Newly Priced 3BR Marlborough Street Penthouse Boasts ~1,000 SF of Spectacular Outdoor Space!

Stunning 3 Bedroom, 2.5 bath penthouse duplex set within 1,912 SF of luxurious interior living space.  Features an additional ~1,000 SF mutli-level roof deck with dramatic views of the Back Bay, Charles River and the Boston skyline. The large marble, fireplace'd living room is flanked by 2 sets of French doors leading out to an additional terrace overlooking Marlborough St. Both outdoor spaces are fully landscaped & complete with an automated 3 zone irrigation system and dressed with accent lighting throughout. The open floor plan provides for fabulous entertainment with a separate marble wet bar & N'Finity Pro wine refrigerator. The grand dining room has a large skylight & lovely period sconces. Renovated, sky-lit kitchen is accented with an unusually large piece of inlaid granite floor matching the counters & back splash. Custom cabinetry, double Viking ovens, 5 burner Miele cooktop  & Subzero refrigerator provide all the elements needed for that perfect kitchen. Elevator. One full parking space.

              

            

    

    Contact Cheryl Marsh to schedule a private viewing.

   Cell: 617-797-5781   Email: cheryl@bostonluxuryrealestate.com

Tim Marsh Lists a Luxury Two Bedroom Plus Den at the Full Service Trinity Place for $3.1M!

Rare "Nose" unit overlooking Copley Square.  Palatial single floor condo at Trinity Place, a Tier-1 full service doorman building centrally located in Copley Square. Residence features: Entry foyer with closet. Gallery entry hall.  Fabulous 26’ living room with postcard views of the Trinity Church, Boston Public Library, John Hancock tower and Fairmont Copley Plaza Hotel. Chef’s granite-accented kitchen. Adjacent utility room with washer/dryer.  Master bedroom suite offers a sitting room, two closets and a marble-accented master bath with double-sink vanity and linen closet.  Guest bedroom with walk-in closet and en-suite full bathroom.  Den/study with built-in bookcase/cabinets. Powder room. Includes two valet garage spaces and extra storage.  Services include elevator, 24/7 concierge, valet and on-site management.  Residents enjoy in-room dining from Sorellina Restaurant, a private entrance into the restaurant and a residents-only fitness center.  Convenient access to routes 90, 93, 1 and the Back Bay Train station.

               

             

   

   Contact Tim Marsh for a private viewing.

   Cell:  617-548-7145. Email:  tim@bostonluxuryrealestate.com

Fall vs. Spring - Debunking the Myth

Sellers: The Benefits of Staging Your Home.

By: Kris Berg. HGTV

Professional stagers are paid to bring out the best in your home. Don't take it personally.

Bedroom: Stick to a Color Scheme

Your home might be beautiful. Maybe it is immaculate, stylishly appointed to suit your tastes or highly upgraded with the finest materials and features. Perhaps it is all of these things. But, unless you are one in a thousand, it is not “staged.”

Staging a home for sale is not a new concept, but it is a practice that has gained steam with our more challenging market. I see many home sellers confuse staging with decorating and consequently resisting the process and the recommendations of the staging professional. But the reality is that the moment you commit to marketing your home for sale, you need to commit to transforming your home into a place that potential buyers can easily picture as their home. This means that you need to be prepared to emotionally detach.

Let your home speak to buyers.

Your home speaks to you, but what is it saying to your potential buyer? Most sellers we encounter tend to take the staging process personally, and this is precisely the point. Our homes are personal, yet how we live is not how we sell. Our homes represent who we are; they are life-sized memory books of our travels, they trumpet our likes, our dislikes and our beliefs. They showcase our stuff -- all that stuff we have accumulated over time that speaks to us. The goal of staging is to make the home speak to everyone else, in a compelling and positive way.

You are proud of your Hummel collection. Each piece acquired over time has a special meaning, but to your buyer, it is a collection of your things which serves only to draw his attention away from the main event. Likewise the personal photos, the too-tall centerpiece, the overstuffed china cabinet and the bookcase filled with National Geographic magazines dating back to the Paleozoic Era -- these are all treasures to be sure, but they serve only to sidetrack a buyer from the task at hand.

Buyers tend to label the homes they see, as do agents. So, you can either be the “house with the beautiful arched doorways” or the “house with the Elvis throw rug and a bunch of office furniture where the dining room should be.” Both evoke emotional reactions, but unless the buyer is one who spends his annual vacations at Graceland, you will be far better served by eliminating distractions.

Clutter may suggest your home doesn’t measure up.

Most of us, if honest, will admit that our daily lives involve a certain amount of clutter. The little stack of mail and car keys and loose change next to the telephone, the “junk drawer” which has been busy propagating the species while no one was looking, and a bathroom with enough toiletries on display to groom the entire population of Northern Ireland are all examples. OK, I’m talking about my home here, but we all have our own flavors of clutter.

True, clutter is just another perpetrator of distraction. More importantly, though, your clutter may be sending a message that you don’t have enough space. My own kitchen counter top is at this moment permanent home to a toaster, a toaster oven, a coffee pot, a butcher block of knives, a canister of utensils and a bowl of random items of fruit origin, the latter living out their golden years in a decorative bowl. This arrangement (except for the brown bananas) is functional, but to another person it might suggest I lack the cabinet space to properly store these everyday items. And, if I'm hoping that this other person will buy my home, I need to clean up my act.

Don’t shoot the stager.

The primary goal of staging is not to transform your home into the eighth wonder of the world. For most of us, this simply isn’t realistic. Rather, the best stagers will work with what you have, rearranging and reallocating all of your belongings, in order to present the property in its best light. Sometimes this means reallocating some of those belongings to the garage.

Too often the tendency is take the process personally, but you shouldn’t. Staging is not a do-it-yourself sport, and only a third party specialist can bring the neutrality and objectivity needed to accomplish the goal. You may interpret the message that your favorite painting would look much better above the fireplace -- in your neighbor’s house -- as an indictment on your style and tastes. OK, maybe it is, but most likely it is not. Rather, it is probably the stager’s attempt to ensure that your appointments don’t upstage the home itself. That’s his/her job.

Make no mistake -- professional staging is an inconvenience. Your daily routine will be turned, at least temporarily, on its head. And it can be unsettling as you watch your life rearranged to suit the tastes of others. But if selling your home in the shortest amount of time and for the most money is your goal, it is precisely those "others” who should be your focus.

The Six Boston Neighborhoods and one City Everyone Should be Watching Right Now

By Tom Acitelli of Curbed

darqdesign/Shutterstock

Major projects are driving a lot of change in different areas of the Boston region—in some more than others.

These are the six neighborhoods and one city everyone should be watching right now.


Back Bay 

Rendering via Pelli Clarke Pelli/Boston Properties

The under-construction Four Seasons Hotel & Private Residences One Dalton Street—a.k.a. One Dalton—will be Boston’s tallest new building since 200 Clarendon in 1976

The 742-foot tower with 160 condos and a Four Seasons hotel is expected to open within the next 12 months. 

The neighborhood is also due to host a veritable forest of new towers around Back Bay Station

That project, which includes a redevelopment of the Clarendon Garage, is expected to total 1.26 million square feet of housing, offices, and retail, with at least one tower stretching toward 400 feet.

Fenway-Kenmore

Fenway Center renderingRendering via Meredith Management

The 30-story, 340-foot Pierce Boston condo and apartment tower, the tallest building in Boston west of Back Bay, officially opened at Brookline Avenue and Boylston Street in Fenway on March 1. 

Four weeks earlier, one of the biggest—and longest-in-coming—new projects in the Boston region got officially underway: The five-building, 1.1 million-square-foot Fenway Center where Brookline and Commonwealth avenues meet in the Kenmore Square area.

What’s more, the Red Sox are planning to transform several lots around Fenway Park. And, speaking of Fenway Park, its famous neighbor is getting a new name

The South End 

Rendering via ExchangeSouthEnd.com

An absurd rush of new development in the South End’s northeastern reaches is transforming the neighborhood—indeed, it might be time to come up with a new neighborhood name for this area.

Together, the fresh projects are adding thousands of condos and apartments, never mind hundreds of thousands of square feet of retail (and, inevitably, thousands of residents).

Then there’s the recent proposal for redeveloping the 5.6-acre site of the former Boston Flower Exchange. What’s now dubbed the Exchange South End would run to nearly 1.6 million square feet and contain four new buildings.

These buildings would total more than $1.48 million square feet of commercial, technology, and life science research space—the idea is to rival other regional commercial hubs such as Kendall Square and the Seaport.

Finally, a “millennial resort” is headed to the still-emerging Ink Block development. Don’t get more game-change-y than that. 

East Boston

Rendering of Suffolk Downs via HYM Group

A wave of new development is sweeping much of Eastie, but no single development—or potential development—is as portentous as what’s unfolding at the 160-acre site of the shuttered Suffolk Downs racetrack. 

It’s there that owner HYM Investment Group has put forward a general redevelopment plan with two paths. Both paths include 16.5 million square feet of new residential, retail, office, hotel, and lab space built out over as long as two decades. (Eleven million square feet of that would go in Boston and 5.5 million in adjoining Revere.)

Now, should e-retail sasquatch Amazon pick Boston as host of its second headquarters, HYM would go with a so-called pro-commercial approach.

That pro-commercial path would be paved with the up to 8 million square feet of office space that Amazon is seeking in a new HQ. It would, too, include 7,500 residential units, 550,000 square feet of retail, and up to 830 hotel rooms.

But suppose Amazon choose Dallas or some such exotic placeinstead of Boston. In that case, HYM would take a pro-residential path, with 10,000 housing units, 450,000 square feet of retail, and 670 hotel rooms. 

There would also be 5.25 million square feet of office space.

Kendall Square 

Rendering via Elkus Manfredi

Kendall Square-based M.I.T. is driving much of the change in the Cambridge neighborhood.

At the start of 2017, the university paid the federal government a mint to take over the 14-acre Volpe transit center site, and then floated plans for what would be, at 500 feet, the tallest building in Cambridge.

The plans, which won a key zoning approval from the city in October 2017 (and which are rendered above), also call for about 1,400 housing units and 1.7 million square feet of offices and research space as well as acres of new parkland and plazas.

The university, too, plans to build several buildings south of Main Street, including a 28-story dorm.

Finally, there is the bigger-than-expected 19,000-square-foot Brothers Marketplace—part of the famed Roche Bros.’ chain—that is expected to open in the summer of 2019 at One Broadway. It is part of a larger M.I.T.-driven project called the Kendall Square Initiative.

Chelsea

Mass. Office of Travel and Tourism/Flickr

Silver Line service from downtown Boston into Chelsea is expected to start this spring. The five-mile route will run from South Station to a stop just west of Everett Avenue, and will facilitate connections to the Red and Blue lines.

An estimated 8,700 people will use the route daily, a figure sure to further boost Chelsea’s status as a Plan B for buyers and renters priced out of Boston proper.

The route will include an exclusive right-of-way for Silver Line buses once in Chelsea, where there will be four stops total. And, as part of the extension, the state will relocate Chelsea’s commuter rail station westward and spruce it up quite a bit.

Also, there are several small condo projects going up or recently opened in Chelsea, especially in the areas closer to Boston (though with decidedly un-Boston prices).

The West End

Robbie Shade

Enormous new developments around North Station and TD Garden are driving lasting changes to the West End’s streetscape and traffic. 

These developments including the Hub on Causeway, the first phase of which is under construction and is due to include the city’s largest supermarket; a 15-screen movie theater; 10,000 square feet of outdoor space for a new entrance to TD Garden and North Station; and 175,000 square feet of what the developers are calling “creative office space.”

Then there’s the 44-story, 469-unit tower set to rise in place of the Garden Garage

Winning Strategies For Selling Your Property This Spring.

The greater Boston real estate market often logs in the largest number of sales closings in the Spring (2nd) Quarter each year; as the cold weather and snow give way to blooming flowers, warmer weather...and eager buyers! 

Often buyers want to enjoy the Summer in their new digs. Some want to have their children in place for the next school year, while others strategize to maximize their tax write-offs for the calendar year. Many just want to get their home purchase project done and over with!

If you want your property sold during the 2018 Spring market you need to get started.  Spruce up your property, assemble all the pertinent documents, hire a real estate broker and put your property on the market ASAP. 

The following topics are some of the most crucial elements that you should attend to before that first showing appointment of your single family home, townhouse, condominium or cooperative. 

Curb Appeal

As the buyer walks up to your property, their first impression often becomes their most lasting one. Make sure that their first view is as appealing as possible. It may determine whether the buyer will 1) go through with viewing the property. 2) make an offer...or not. 3) be willing to pay you a strong price.

I'm talking about increasing curb appeal with ideas like: repair cracks in the walkway, repair and paint the front steps, clean the litter and leaves out of the front garden of your building, replace worn hardware and touch up the chipped paint on the front door and make sure the entry foyer to your condo building is spotless. Not only does this first look affect the buyers initial emotional attachment to your property, it says a lot about how well the property has been maintained. In the case of a condo or coop building, it signals how willing your fellow owners may be to chip in on future repairs and general upkeep of the common areas; elements that directly affect the future value of your unit.

Let's Go Inside

Inside your property, there are numerous inexpensive ways you can make it show better. Clean your windows. Have your home professionally deep-cleaned. Place a few vases of fresh flowers in the main rooms. Increase the wattage of your light bulbs so the property appears bright and cheery. Clean the fingerprints off all doors, kitchen appliances and the bathroom mirrors. Clean out and/or reorganize your closets; a lot of buyers are coming out of large suburban houses where they are used to having a lot of closet storage. 

Most buyers are very critical when it comes to the kitchen and bathrooms. Be sure every surface is uncluttered and spotless. Store the extra kitchen appliances and put all the personal items in the bathroom away. Limit the number of personal photos on display; you want the buyer to focus on your property and not who owns it. And if you have some rainy-day money stashed away, freshen the paint with neutral colors and refinish your hardwood floors!

Repair those little problems that don't really bother you but that all buyers seem to notice. Repair that dripping kitchen faucet. Seal and repaint that water stain from the leaky toilet upstairs that you had fixed last Fall. 

If you’re aware of more costly repairs, consider doing them before you go to market. If the buyer doesn’t notice them, their inspector most likely will. And that can lead to unexpected renegotiations or even kill the deal. Replace that old hot water tank. Repair a roof leak. Repair or replace the decking or railings to that palatial deck.

Pets. Whether a prospective buyer is a pet lover or not, they want to buy a home that is immaculate. Pet odors, toys strewn about and damage to furniture, carpeting and woodwork can be a big negative. Some buyers are afraid of animals in general; they can be a real distraction. Although sometimes a logistical nightmare, best to not have the pet at home during showings. At the very least, have them crated somewhere private.

Assemble the documents and information you'll need to give to your real estate Broker.

Prior to going to market with your property, an experienced agent will ask you many questions about your property, from a dated list of your improvements to the age and condition of the heating system. Arm your broker with all the information you can. This way you'll shorten up the buyer's discovery period and get them to the offer stage quickly while their excitement level is still high!  

In the case of a condominium, put together a package including a copy of recorded condominium documents such as the Master Deed, Declaration of Trust & Rules and Regulations. Assemble the last two years of financial statements, association meeting minutes and the current budget. Make sure you know whether there are any upcoming assessments for capital improvements and/or whether your condo fee, coop fee or any other fees attached to your property will be going up within the next twelve month period. For all properties, give your broker copies of your utility bills (gas, electric, etc.) for the last twelve months and a copy of your latest real estate tax bill. 

Tim Marsh closes on another exclusive sales listing at the Four Seasons at the Public Garden!

This beautifully renovated two bedroom luxury condominium sold for an all-time record high for a rear-facing unit at $1,769 per SF!

The property sold within 2% of the list price of $2,195,000 in just 17 days!

HOW CAN WE HELP YOU?

                       

Check this property out!    https://h3v.mlspin.com/MLS.Reports/ListingDetails.aspx

Tim Marsh - Owner/Broker