Avenue 3 Real Estate is your guide to real estate in Greater Boston.
Whether you are looking to buy or sell a condo in Cambridge MA, a single family home in Arlington MA, a multi family home in Somerville MA, an investment property or any type of home throughout Greater Boston Area, everything you need to know in order to be successful in 2017 you will find in these pages. We are a full service Real Estate Company and we are ready to assist you. Contact Us and get started today!
Insider Real Estate Tips:
5 Tips To Win Multiple Offer Situations
These last few weeks have been very busy ones for home buyers and sellers alike! The housing inventory in the Greater Boston Area is low and the number of buyers in the market in high. As a result, multiple bid situations have become the norm in many communities. It is important not be intimidated by the multiple bid situation. Each buyer has the right to put forth an offer of their choosing, and each seller is looking for different things in an offer which will appeal to them above the others. Sellers have been known to take a lower price if the dates and terms of the offer best meet their needs. So, dive on in and you may be the lucky winner.
Here are 5 things to keep in mind when making an offer which may help strengthen your position as the buyer.
1. Always have a lender in place before making an offer. You should have a full understanding of your ability to finance the property you are looking to buy and have the pre-qualification letter in hand to prove it to the seller.
2. Don’t be afraid to offer above the asking price. Every property is worth a different amount to each buyer – does the two car garage add value for you or does it take away yard space you would rather have? Does the proximity to the highway mean a shorter commute or just an annoyance of traffic noise? Make the offer that feels right for you.
3. Consider removing contingencies to make your offer more competitive. If you are completely secure in your ability to finance the property, maybe you could remove your financing contingency. If the Seller has assigned a few days in-between the time of the initial showings or open house and the time of offers being presented, schedule a home inspection, if you feel you need one, and make an offer without inspection contingencies. Read More
Our Town Tip:
Powderhouse Park: Somerville MA
Taking a break from Somerville's urban landscape is easier than you think. A wonderful opportunity to enjoy a bench under the trees awaits you at Powderhouse Park, also known as Nathan Tufts Park. This 4.3 acre site of trees and winding paths in located at Powderhouse Circle at the intersection of Broadway and College Ave. Look for the Old Powder House on site, originally built in the early 1700's as a windmill, the tower was used to house powder during the revolutionary war and was raided by the British in 1774. First built for use as a windmill by John Mallet in the early 1703 or 1704, the Old Powder House was sold to the colonial government of Massachusetts in 1747 and it is the oldest stone building in Massachusetts!
Take your coffee or snack to a bench or a seat in the grass and take in a bit of history at the same time at Somerville MA's Powderhouse Park. For more information about Somerville MA or Somerville MA real estate, look no further than here: Community and Real Estate Info, Somerville MA