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Blog :: 04-2021

5 Reasons To Sell Your Home In Spring 2021

If you’re wondering “should I sell my home this spring?” you’re already on track to success. Take actionBlue single family home with colorful tree in front yard on that thought and sell with confidence because selling your home in the Boston area is a great idea! Barrett Sotheby’s International Realty’s worldwide relationships are working in your favor, as well as the factors explained below.

Market Trends Indicate High Demand and Low Inventory

This spring is a particularly special season. Spring 2021 is following the trend of real estate in the pandemic. Buyers are now working from home and long to stretch out and live in a larger space. Demand for housing, especially single-family homes, is sky-high. When demand is high, supply, or inventory decreases. It’s in your best interest to put your home on the market in these hot conditions!

Mortgage Rates Are Historically Low

Mortgage rates are lower than ever, hovering around the 3.3% mark for a 30-year payment and 2.5% for a 15-year plan. They are expected to continue to be below 4% for the duration of 2021. Low rates drive buyers’ demand because they want the best rate when they buy their home. Many buyers are on the market right now in search of their next dream home to purchase with a great mortgage rate, so put your home on the market while buyers are looking! 

Starter Homes Are Flying Off the Market

If you own a starter home, you’re in luck. With prices high, buyers are looking to pick up starter homes to fit within their budgets. As a seller, this is good news for you, because you can likely sell your starter home for more than you paid for it. Buyers are getting into bidding wars, which indicates that you will get an extremely healthy price for your home. 

Greater Boston Area Homes Are Especially Popular 

The Boston market is booming right now. There is a high demand for single-family homes in the Boston suburbs. Last year, the median cost of a single-family home in Greater Boston climbed nearly 10 percent. People want to move to the Boston area, and after all, who can blame them? Massachusetts is a great place to live, work, and raise a family.

Global Connections and Local Insights Are Waiting For You

If you do decide to list your home this spring there is a wide world of opportunities waiting for you at Barrett Sotheby’s International Realty. No listings in the Boston area market get more exposure to buyers than those listed with Barrett Sotheby’s International Realty. We use the latest technologies, marketing strategies and tactics to advertise your home to the widest possible audience. Contact Barrett Sotheby’s International Realty today to get your home on the market this spring!

 

Not Ready to Move? Introducing White Glove

If all this sounds great, but you don't think you are ready to sell your home right now, think again.  Our White Glove suite of services can help you get moving in this fast-paced market.  Our Pre-Listing Prep Service will enable you to prepare your home for market without paying for the cost of repairs or renovations upfront.  If you want to take advantage of the demand but don't have anywhere to go yet, the Buy Before You Sell program means you can purchase the home you want before you sell the home you are in.  Get in touch to find out more. 

 

April Vacation: 5 Destinations for 5 Days of Local Fun

School’s out next week for April Vacation, and while it feels like we might be turning a corner with the pandemic, we still need to exercise caution with our travel plans. That shouldn’t mean you miss out on the fun though! We’ve come up with 5 fun places to visit in our local towns - one for each day of the week - so check out our list and consider your vacation plans taken care of!

Monday - Visit the scene of the First Battle of the American Revolution, Minute Man National Historical Park, Concord

Tuesday - Join the Revolutionary Scavenger Hunt, Lexington (April 20th only)

Wednesday - Help build a Tinytropolis at Discovery Museum, Acton 

Thursday -  Experience life on a working farm at Drumlin Farm, Lincoln

Friday - Come face-to-face with dinosaurs at the T-Rex Adventure, Stone Zoo, Stoneham

Like all local businesses, these organizations have been working tirelessly this past year to keep their patrons safe and still offer an enjoyable experience for visitors. Please consider supporting them by paying them a visit this vacation week and beyond.

Advance booking is required for some events. Please observe the Covid-19 regulations in place at each location - check their websites to find out more.

 

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    Never a Better Time to Move!


    If you are a follower of real estate news you can’t have failed to notice the huge buzz around the housing market. If there ever was a “seller’s market” then this is it - there is a drastic shortage of available inventory and interest rates are historically low, leading to a surplus of buyers all eager to jump on or jump up the housing ladder. The result is an increase in house prices in virtually all our towns - up 25% year-to-date in Lexington and up 16% in Concord. Speed is also of the essence - on average, houses are spending just 15 days on market in Acton before an accepted offer.  So, while you might be thinking of taking advantage of this extremely active market and listing your home, you may also be hesitant to jump in if you don’t know where you are going to move. If your home sells quickly, how do you make sure you don’t end up with nowhere to go? What if your ideal home comes on the market before you’ve closed on your own place - how do you make your offer look competitive against others?

    Introducing Buy Before You Sell, one of the White Glove services offered by Barrett Sotheby’s International Realty.  This unique service gives you the opportunity to use most of your home’s value, enabling you to move forward with the purchase of your new home without having to make an offer contingent on your own sale. You can also lock in the current low interest rates for your next home purchase. Unlike a bridge loan, there are no additional monthly payments and no impact on your credit rating. This concierge service can also take care of preparing and staging your home for sale, ensuring you achieve the maximum price for your greatest asset.

    Purchase the home you want before you sell the home you have. Talk to one of our experienced agents today about whether the Buy Before You Sell program is right for you.

    If you are worried your home is not yet ready for sale, ask about our White Glove pre-listing prep service. Refresh, Renovate and Stage enables you to get your home looking its best with repairs, decorating and staging AND defer payment for services until after closing.  

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      The Great Outdoors - Terrific Terraces

      Spring has arrived, the sun is shining and the whole of New England wants to be outside!  Enjoying your outdoor space is top of mind right now as we thaw out from another cold winter and embrace the warmer temperatures.  Whether you have a patio, deck or veranda, it’s a bonus to have some room outside to relax or entertain.  There are plenty of ways to personalize and make the most of your terrace - search Pinterest and you’ll find a wealth of inspiration!  Patio or bistro lights have become very popular and are a simple and cost-effective way to add lighting to your outdoor space - you can purchase strings of lights designed to weather the elements and suspend them above your seating area for an atmospheric effect.  Outdoor soft furnishings are another trend that has been around for a while - wicker sofas and chairs with removable covers give comfortable, practical seating, and outdoor rugs also add texture and a fun design element.  Or how about oversized outdoor beanbags for a fun and adaptable way to add extra seating?  Fire pits were hugely popular during the colder months to enable people to gather outside, and during warmer weather they are also useful to keep away those annoying insects (and of course to make s’mores!)  Finally, try adding color to your space with planters - use one or two circular pots with large plants for drama, or barrel planters with flowers to brighten things up!

      If you need more ideas check out some of these terrific terraces in Acton, Concord, Maynard, Stow and from Chelsea to California!

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      Looking for your own outdoor oasis?  Browse our latest listings.

       

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        The Housing Market - March Round-Up

        It’s now over a year since our part of the world shut down in response to the Covid-19 pandemic.  Since then we’ve seen many peaks and troughs in the battle against the virus, but after an initial pause, the housing market has remained steadily on the up. During the lockdown in March and April, when businesses were closed and real estate activity was restricted, realtors got creative and found different ways to market their homes.  Videos, Facebook Live, Matterport virtual tours and other interactive forms of home viewing helped the housing market quickly recover in our towns.  One year on, demand continues to be high as some of the effects of the pandemic are still evident - working patterns have changed for good, with working from home becoming the norm, and social distancing is here to stay for a while yet which is increasing demand for more indoor and outdoor living space. 

        When we look at the year-on-year figures for March, even taking into account the situation a year ago, we can see that there are far fewer listings on the market in 2021. There are fewer than 10 single family homes for sale today (April 1st) in Acton, Arlington, Bedford, Carlisle, Lincoln, Melrose and Westford.  Consequently, homes that do come to market are moving quickly.  Days to offer are in single figures in Carlisle and Westford, and homes are closing in an average of less than 40 days in Acton and Lincoln.  The increase in demand has had an impact on average house prices - list prices are up by more than 30% year over year in Concord, Lexington and Winchester.  

        What does this mean for you and your moving plans in 2021?  Whether you are buying, selling, or both, it pays to talk to an experienced real estate agent Our agents are all experts in the towns they serve and understand the opportunities and challenges with moving in this marketplace.  They can guide you through the process from start to finish and ensure you are getting the best value for your investment.  Get in touch today to find out more!

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

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