Since Fall of 2012, real estate agents were aggressively seeking homeowners interested selling their homes. We are now practically in Summer 2013 and the need for homes continues to grow. Interest rates remain at all-time low when compared to a the past 20 years, granting home buyers an opportunity to buy more home for the dollar than their parents and grandparents.
Even as interest rates inched up to 4%, home buyers will be able to save money moving from rental rates that have sky rocketed in recent years. The competition will remain heated for first timers, who have not experienced home buying as they hope to capture a property among veteran property owners interested in upgrading or empty-nestors looking to find a first floor condo or ranch home.
The good news, recent home sales are now on record! These homes will aid appraisers working on behalf of banks to quantify offers. In towns like Arlington, Belmont and Lexington, offers have climbed by $50,000 , $75,000 or $125,000 above the list price, when multiple offers are received…
Single Family Sales – March May 2013