With the goal of improving customer service, Coldwell Banker Tomlinson has set up a free chat service so people can ask real estate questions in real time without having to work through an agent. The service, Client Connect, is available through online chat and email, and is intended to help promote business loyalty, a strategy not ... … [Read more...] about Broker offers real estate chat service
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Jim Morrison -- Boston.com Correspondent July 2, 2018 7:00 am The suburbs to the west of Boston are some of the toniest in the country and the South Boston Waterfront is teeming with luxury developments, but experts say the next real estate markets to blow up might not be the sleeper towns some might expect. David Bates of William Raveis Real Estate and author of the number-crunching Bates Real Estate Report said he continues to be amazed by the renaissance taking place in and around Somerville, but he said it’s still got a long way to go. “They just had another $1 million over-ask sale in Cambridge,” Bates said. “For the majority of people who can’t afford Cambridge, that makes Somerville that much hotter. Assembly Row is impacting Somerville. I wonder what will happen as they extend the Green Line. … Now you’re seeing it in Medford. The absorption rate for condos in Medford is 0.5, meaning we could sell the entire inventory in half … [Read more...] about We asked real estate agents to predict the next hot market
We've all heard the phrase "caveat emptor" which is Latin for "let the buyer beware."According to Wikipedia, the phrase caveat emptor "arises from the fact that buyers often have less information about the good or service they are purchasing, while the seller has more information. Defects in the good or service may be hidden from the buyer, and only known to the seller. Thus, the buyer should beware."If you're buying something as simple as a newspaper, the risk is pretty low. You don't have much money invested, and the expectation of what a newspaper will deliver is easily understood. But if you're buying a $500,000 house, it's a whole different story.Much of what might be wrong with a house is fairly easy to see; however, there can be a multitude of other serious defects that may be known only to the seller, or perhaps known to no one.So what are the rules of engagement when it comes to what a seller must disclose when a property is listed for sale?When selling through a broker, … [Read more...] about Realities of Real Estate: What do sellers need to disclose?
Real estate agents promote themselves with yard signs, online ads, direct-mail postcards and even sponsored public benches. So, cutting through the advertising hype and finding the right agent can be tough.“We don’t have the information (about real estate agents) that we have about other service professionals,” says Stephen Brobeck, executive director of the Consumer Federation of America.Still, there are ways to size up an agent’s record — and potential. Check out these seven ways to find a great real estate agent, whether you’re buying or selling a home.— Talk with agents’ recent clientsAsk agents to provide a list of what they’ve listed and sold in the past year, with contact information.With past clients, “I’d like to know what the asking price was and then what the sales price was,” says William Poorvu, adjunct professor emeritus at Harvard Business School and co-author of “The Real Estate Game: The … [Read more...] about Bankrate: 7 tips for picking a great real estate agent
Since retirement is getting closer and closer, my wife Diane thinks it’s time for us to start downsizing. As she likes to point out, I am not getting any younger and our furniture is not getting any lighter. It’s true, however, that after nearly two decades of living in the same place, we have way too much stuff, as well as way too much yard to manage. So recently we set out on our quest of searching for a newer house that would be less demanding. Since it’s been so long since we have been house hunting, we’re a bit rusty.According to a recent survey conducted by the real estate website Trulia, more homeowners today would rather have a smaller house (37 percent) than a larger one (23 percent). More than a third of baby boomers say they are planning to move at some point in their life. Nearly half of them say they would prefer a smaller home.Since humans are territorial beings, looking at potential new homes is a task wrought with anxiety. Every place you look at … [Read more...] about STAWAR: A real estate of mind