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FALL IS A GREAT TIME TO SELL YOUR METROWEST BOSTON HOME!

by Team Lynch Real Estate Consultants

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

Here are five reasons why you should consider selling your house this fall: 

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

READ MORE BY FOLLOWING THIS LINK:  5 Reasons to Buy a Home in the Fall

6 Successful Tips for Metrowest Home Buyers in a Seller's Market!

by Team Lynch Real Estate Consultants

Buying a new house is an exciting and important time! There is no better place to call home than METROWEST! House hunting in a seller's market, though, adds more factors for you to consider during the process. Although the market might not be favoring buyers at the moment, there are many things that you can use to your advantage to help you buy your dream home! Look through the current HOME LISTINGS so we can help you begin this exciting journey, and follow these 6 useful tips for buyers in a seller's market.

WORK WITH AN EXPERIENCED AGENT. Eliminate some of the time and stress that comes with house hunting by working with an experienced real estate agent. Team Lynch Real Estate is here to help you find your dream home! Let us know exactly what you are looking for. We understand the Metrowest housing market, now what is available, and can negotiate the best deal for your new home! Read TESTIMONIALS from our past clients.

BE PREAPPROVED BY A LENDER. Get preapproval for a loan from a reputable lender that you can present to the seller. This shows that you are serious about buying the home and makes the seller feel more comfortable knowing that your finances are in order. If you already know that you can afford the home and have a high credit score, get this part of the process out of the way when you initially start your house hunting process. It can help you stand apart from the other buyers. For help with the kinds of loans that are available for you, check out our FINANCE INFORMATION.

BE DECISIVE IN MAKING AN OFFER. Buying a home is a major decision so being thoughtful about the home you make an offer on is imperative. But don’t get bogged down in over analyzing. Before you begin the house hunting process, be sure to know exactly what you are looking for in your dream home…price, location, and type. When you find a home that checks all of the factors you have previously determined, make an offer! You don’t want to miss out on your dream home due to over thinking.

MAKE YOUR BEST OFFER. Start with a strong opening offer. You should know the maximum that you are willing to pay. Although we all want to get the best deal possible, in a seller’s market competition is high. If you come in with too low of an opening offer, you could miss out on your dream home. Be aware of what other houses are on the market and the pricing of the homes in the area. This will help you determine what is an appropriate amount to negotiate for the house you want. Have a strong opening offer that you are comfortable with AND that will be acceptable to the seller. To strengthen your offer, consider including an OFFER LETTER . An offer letter can help you stand out from other potential bidders and help to personalize why you are interested in the seller’s home.

PREPARE FOR A BIDDING WAR. Bidding wars inevitably cause stress for buyers. The fear of missing out on your dream home is understandable. However, competition in a seller’s market is high. Know what you are willing to pay and search for houses below your max budget. This will help you avoid spending more than you are comfortable with should you end up in a bidding war.

LEARN FROM YOUR MISTAKES. You might not get the first home that you make an offer on. In a seller’s market, it is likely that you will have to make several offers on homes before finding the perfect one for you. Recognize what happened with the transactions that don’t work out and learn from them. Stay true to what you want and realize that there are other options in Metrowest that our team will be happy to help you find!

Source: Trulia

Mortgage Rates Remain at Historic Lows!

by Team Lynch Real Estate Consultants

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).

Get the new rates and learn more by clicking here: Historic Low Mortgage Rates

What are The Top Reasons Why Americans Buy Homes?

by Team Lynch Real Estate Consultants

Being able to purchase our own home has been a dream of almost every American from the time they could conceptualize what it really meant. While some people will tell you that the "dream" of owning a home doesn't exist in the same fashion it once did, recent studies by the " Homebuyer Insights Report" may prove otherwise. To learn more about the report click here!

Over Half of all Americans are Looking to Buy a Home in the Next 5 Years!

by Team Lynch Real Estate Consultants

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included these revelations:

follow this link for the rest of the BLOG: Home Buying Next 5 Years

HOW TO WIN A BIDDING WAR

by Team Lynch Real Estate Consultants

Be prepared. While it might seem smart to lay your offer on the table right away, don't do so unless you are fully prepared, pre-approved for a loan, and have all your paperwork and finances in order. Otherwise the seller won't take you seriously and will pass your offer over for someone who has completed their homework.

Be quick. This may sound counterintuitive to being prepared, but it's important to act fast when you see a home you like, or it will go to another bidder.  This is why it's important to get your finances in order before you even begin searching. That way, you can put in an offer right away when you find a good fit.

Don't overbid.  Offering more than the home is listed for may seem like a way to get a leg up on the competition, but overbidding and exceeding the home's appraised value can decrease your chances of a loan-- and the seller (or their agent) knows that. If you overbid make sure, be sure you can afford the excess cost flat out.

Don't underbid.  In a bidding war, your offer needs to be just right.  Just like the seller won't take you seriously  if you overbid too much, they surely won't consider your lowball offer if they have offers from many other buyers. To find your "Goldilocks" price point, figure out the maximum you can afford, and then offer that.

Get under their emotional skin. Last year, everyone was back to writing "love letters" to the seller of a home they were crazy about. Now, you can one-up everyone and really stand out from other offers by making a video of you and your family talking about why you love this home, and why you can see yourself in it.  Does that third bedroom look perfect for your new baby?  Then get her on the camera!  Is that basement office perfect for running your business?  Talk about that.

As a team, we have a wealth of  real estate and homeownership  information that may be of help to you.  Feel free to contact us any time, to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.

Displaying blog entries 1-6 of 6

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