Brookline, which now has a diverse population of 58,732, was once referred to as “the richest town in America”, because it was where the very wealthy built their summer homes. Brookline is still regarded by many locals as a wealthier suburb of Boston because of the number of wealthy individuals who live there.
Well after three years on the market and a two million drop in selling price New England Patriots quarterback Tom Brady and his supermodel wife, Giselle Bundchen have sold their Back Bay Condo.
This two story condo is 5,311-square-feet and has seven rooms . You have beautiful views of the Charles River including from the landscaped roof deck. Featured are 3 bedrooms, 3 and one half baths, a gym, club room, 6 fireplaces and a four car garage.
And for more security and convenience the complex offers a private Doorman.
According to Christine Harvey of Bloomberg, Prudental real estate conducted a survey and the results showed a real optimism in the American consumer.
60% of people surveyed last month had positive views about the housing market.
70% expected property values to improve over the next two years, according to the survey released today. About
63% percent of respondents said they considered real estate a good investment, up from 52 percent last year.
90% + said the housing crisis is a reminder they must be more cautious in buying and selling property.
80 % said home ownership is important to them,
15% said the economic downturn made owning a home less important.
Stephen Van Anden, chief marketing officer for Prudential Real Estate, stated that “This is the second consecutive year consumer confidence in housing has improved, signaling the property market may “finally be climbing out of its deep hole”.
Pending home sales jumped in February with pending sales of single family homes increasing for the 10th consecutive month according to the Massachusetts Association of Realtors.
Pending sales also jumped for condos over the same time last year. “Buyer confidence continues to grow and the numbers confirm what realtors across the state have been reporting; they’re busy,” said Trisha McCarthy MAR president in a statement. The number for single family homes jumped 44.2%, the largest year over year increase since MAR has been tracking the data.
After consulting with area real estate agents, town officials, Boston magazine’s March issue has published what they believe to be the 14 “Best Places to Live” in Boston. Among the list was Scituate’s “bustling harbor”. Are you wondering for the reason for the choice.. Below is the direct quote from the magazine,
“A wave of development on Scituate Harbor, including retail, office, and condo projects, has energized the waterfront. “All of a sudden, it’s lively,” says Realtor David Drinkwater. On Front Street, you’ll find Wishbones pet boutique, food and gift shop Roman Table, the rehabbed cinema, and seafood eatery Oro. In 2009 three local families reopened the 29-room Inn at Scituate Harbor, and its Dogwatch bar attracts weekend crowds.”
Boston Magazine also published a separate list of the area’s wealthier communities. To check out all communities that were chosen go to http://www.bostonmagazine.com/ for the full results.
I know this will hurt but just listen: Leverage your house, leverage your assets, leverage everything and buy all you can. “NOOOO,” you say, “don’t do it; that’s what they said last time!!” with vehemence. And we respond, “No, last time you waited until the end and got stuck with the check.” Not your fault, of course, but this is not the same as 2007-2008.
Markets are cyclical and this market has the potential to be and will be the Real Estate Bull Market of the 80s and of the dotcom boom/bubble. 3.5% cash down on a home at a interest rate of 3.5%. That is the reality. It will never be better. If you rent, you need to buy. You will pay less for more house and home-ownership is a strategic step towards ensuring a secure retirement package. And if you own, buy more.
It has never been this low. It is only this low because the Fed keeps overcompensating. Markets correct themselves over time, not over night. The one simple truth, and I keep chanting this to everyone who will listen, of this era is that real estate is awesome right now. Buy everything. You know that guy who lives down the street from you who bought everything in 2004 and can’t figure out how to count all of what he now has? You can be him.
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A lot of people ask, “Why do I need a buyer’s agent? Can’t I just go to open houses and find my new home?” The answer is yes you can! But finding the home is the easiest part of the process.
There are no Restaurants within 3 miles radius from this property.
The buying process can be very complicated and confusing, especially if you do not have someone in your corner at all times. A buyer’s agent negotiates price and terms (based on knowledge of the market), makes sure all parties are doing their job, and can help translate what is going on, from the home inspection, to condo documents, and condo financials while being mindful of deadlines. Most deals go south because of a lack of communication and all parties assuming that everything is going according to plan. A good buyer’s agent can prevent this by essentially policing all aspects of the deal. They ensure that there is open communication between the lawyers, realtors, financial institutions, buyers and sellers for the most successful transactions!