Buying a Home: Basics About Earnest Money On your real-estate journey, you’ve probably heard the term “earnest money.” And maybe it sounded a little odd. But it’s really a very easy and sensible concept. What is earnest money in a real estate transaction? Earnest money, sometimes called “good faith money,” is a way…
How’s the Market? In a Word, Mixed Let’s recap. From the start of the lock-down in 2020, the real estate industry began charting unknown waters. We saw second-home markets experience unprecedented activity. The pace of Boston’s real estate slowed down. And buyer demand in suburban markets created a frenzy like none we’ve seen before. Then…
Donnelly + Co. to Partner with Final Offer to Bring a Transparent Offer Process to Our Clients The Donnelly + Co. team is excited to announce our partnership with Final Offer, an online real estate platform that empowers top real estate agents to facilitate a more transparent offer and negotiation experience to their clients. Building…
The Market: Now and Then As real estate professionals, we’re used to big questions like: “What can we ask for our house?” and “Do you think the price will come down?” and “Will there be a bidding war?” But of course, the biggest question underlying them all is: “How’s the market?” Here’s my considered POV.…
It’s all good, especially for buyers. Lately we’ve seen a lot of hand-wringing in the media: Rates are climbing. Buyers are shut out. Mortgage rates destroy home ownership dreams. Don’t believe all you read. This is in fact a buyer’s market. Of course the real estate news nationwide is focused on rising interest rates. And…
When real estate changes, we do too I’m a twenty-year veteran of the Boston real estate market. So naturally, I’ve weathered a few storms. And at this point I know exactly what to do when it happens: Embrace the change. That means all of us, because it’s an inevitable part of our business cycle. Conditions…
Moving? I Have Tips. Somehow I have just completed my 18th house move in 30 years. This, even though I have genuinely hoped and believed that each one would be my last. (What can I say? Clearly, I fall in love with homes!) So I certainly feel justified in calling myself a veteran mover. And…
Rise to the Occasion – 5 Tips for Dealing with Rising Interest Rates Buying a home is a big enough challenge on its own. Checking off your family’s requirements, finding a nice neighborhood, settling down in a good school district – add rising interest rates to the mix and you’re probably feeling pretty intimidated. Don’t…
COVID was new. Change isn’t. We’re well into 2022, fast approaching the two-year anniversary of COVID’s arrival into our lives. Yet somewhat surprisingly, we’re still hearing this question on a regular basis: “Has COVID impacted the real estate market?” Well, yes. Of course. It’s impacted every industry, hasn’t it? Everyone has changed how they do …
How Off-Market Selling Can Bite Back Have you heard of off-market selling? It’s become a bit of a thing in Boston real estate circles. And I have opinions about it. Mostly negative. So let’s talk about it. Simply put, selling off-market is when an agent selectively notifies only a small group of agents about…