Leaving the City & Heading to the Suburbs?
Finding the right town to live in can be as daunting as finding a house itself. There’s a multitude of factors to consider in addition to your budget, such as commute time, school systems, and proximity to family, to name a few. Whatever your primary motivator is, our team is here to help you define your search area and set realistic expectations and goals based on your price range. With current interest rates hovering around 6.7% and prices holding steady due to scarce inventory, having an agent who knows the intricacies of the suburban real estate market is critical. Our team regularly works with clients to simultaneously list their homes in the city and help them purchase in the suburbs. As lifelong Massachusetts residents, we bring expert area knowledge coupled with superior negotiation skills. Christian, our Broker of Record, grew up in Needham and lives there with his family. Our Buyers’ Representative, Nathan, resides in Sudbury and previously spent 5 years in Natick. The suburban housing market outside of Boston tends to be very competitive; most homes will receive multiple offers and buyers will waive contingencies to beat out the competition. Having a strong understanding of these local markets is key in landing your dream home. If you also need to sell, we’ll time the listing strategically to yield you maximum purchasing power. Take a look at where we’ve represented buyers & reach out to start your search with Arborview today! Needham Dedham Westwood Wellesley Newton Brookline Cambridge Somerville Belmont Waltham Arlington Medford Malden Melrose Stoneham Woburn Lexington Concord Wayland Sudbury Natick Framingham Southborough Ashland Westborough Sherborn Canton Quincy
Read MoreBuying + Selling Simultaneously
Let’s face it: selling your home and buying a new one at the same time can be extremely overwhelming. Our team has extensive experience navigating this timeline with our clients and strives to minimize your stress while tackling two major transactions simultaneously. One strategy to utilize when selling your home is a leaseback, where a seller may stay in the property up to 59 days post-closing and rent it from the new owners. Why 59 days? With bank loans, this is the maximum time allowed for buyers to move into their primary residences. Leasebacks are negotiated upon offer acceptance, and allow you to receive your sale proceeds in time to fund your purchase. They also help eliminate tight moving timelines and the need for temporary housing. Selling and then being able to stay put for 59 days could give you the edge to buy without any contingencies and increase your buying power. Typically there will be a small holdback from your sale proceeds at the closing, about $2,500-$5,000, which you’ll receive once you move out. Sellers also pay the buyer a rental fee upfront to cover the leaseback period. It’s usually more than your current mortgage payment, as the buyer likely has a higher interest rate upon which the rent is based, in addition to it being a convenience to you. Occasionally we’re able to negotiate free leasebacks for our clients, with buyers waiving costs to strengthen their offers. If you’re unsure of your timeline for buying & selling, we’d love to explore the best starting point for you! We have structured hundreds of these offers for our clients’ benefit and are ready to guide you through your next move.
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Open Streets Boston -- Sunday, June 25th on Centre Street, Jamaica Plain Join us for the 2nd annual Open Streets, to enjoy streets as a public space. We are so excited to be an official participant at 709 Centre Street, Jamaica Plain. Stop by for face painting and glitter tattoos--- and ask us anything real estate related!! Enjoy our Centre Street from Lamartine Street to South Street.
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