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Local Real Estate Buzz - MAY DAY MAY DAY!

May 2nd.  This marks the 4th consecutive weekend of swarming open house activity.  Our office alone hosted 5 open houses that entertained 100+ buyers. There were multiple offers/bidding wars on 3 and as of today, 2 are under contract. Buyers, I can't emphasize this enough...make sure you are pre-approved for your mortgage if you want to be able to compete. Here's why a pre-approval is crucial to your home search. Looking for a trustworthy lender who can help you with a pre-approval? Here's our list of preferred providers who have a proven track record. Looking for an agent to represent your best interests, one you can trust, who will be your confidante, advocate and will negotiate on your behalf? Start your home search here, with the greatest real estate team North of Boston.

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Real Estate Buzz

Swarming open house activity the past 3 weekends, multiple offers, bidding wars and sign-in sheets overflowing. I also noticed quite a few "back on market" listings this morning. So if you thought it was gone, you might want to check again. Are you thinking of selling? NOW is the time! The simple rule of supply and demand puts Sellers in a prime position right now. Buyers...make sure you are pre-approved for your mortgage if you want to be able to compete. Looking for a lender who can help you with a pre-approval? Here's our list of preferred providers who have a proven track record. Looking for an agent to represent your best interests, one you can trust, who will be your confidante, advocate and will negotiate on your behalf? The best team of real estate agents North of Boston is right here!

Kevin O'Connor on Ipswich's Favorite Home Building Contest

Ipswich's Favorite Home Building Contest with our very own Kevin O'Connor!  Elementary-schoolers can draw, color, paint their favorite Ipswich home and middle-schoolers can build the (bird) house of their dreams! Get full details here on this year's Ipswich's Favorite Home Art & Building Contest for both age groups. Click here for Elementary registration form. Click here for Middle-school registrations form.

 

The Best Month and Day to Sell Your House For the Most Money? Think Fast.

 

If you are looking to sell your home fast and for the highest price, start prepping. You've got about 6 weeks! So says Megan Turchi of the Boston Globe, according to Zillow.

Now, those of us in the "biz" don't put a lot of faith in Zillow when it comes to certain things, like home values, but they may be on to something here. It's no secret that inventory is down, which naturally creates a supply and demand conundrum for buyers. How much more will your house sell for? Click here for Megan's (and Zillow's) final words.

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Pending Home Sales Move Forward in February

Today's market report from the National Association of Realtors:

"Lawrence Yun, NAR chief economist, says pending sales made promising strides in February, rising to the highest index reading since last July (109.8). "After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year1 and a modest, seasonal uptick in inventory2," he said. "Looking ahead, the key for sustained momentum and more sales than last spring is a... Read the full story here.

 

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