With construction completing next summer, VITA is becoming one of the hottest developments hitting the JP neighborhood.
While Boston citywide inventory has increased steadily since 2014, general inventory has been historically tight. One major factor is that thousands of properties in the city are being sold each month without being listed on MLS, Zillow or Redfin.
While these sorts of off-market deals were once used solely for prestigious high-end properties, they are becoming more popular with buyers and sellers who recognize their advantages.
In this age of growing concerns over privacy, many sellers want to avoid sharing their home’s sale price and photos. Sometimes the house is in disorder or the sellers don’t want the public to know that they are moving.
The main advantage for a seller in keeping their home off-market is anonymity. You may notice that you rarely come across homes being sold by famous celebrities. Most of these deals are being completed off-market so that their information does not get publicized.
One thing that there never seems to be enough of in the real estate world is time. Sellers are expecting a fast and easy close while buyers rush to close on a home amid other offers.
While off-market properties typically receive fewer showings, they also receive more serious buyers.
This cuts down on the number of showings sellers have to deal with and the times that they need to get their home prepared at the last second prior to an unannounced showing.
Homeowners are not typically in a rush to sell, and because competition is relatively lower, buyers can get the time to look over the property at the seller’s convenience. And without time pressure, both parties can feel more relaxed at the negotiating table.
71 Eastern Point Boulevard | Gloucester – Off-Market Listing by The Bushari Team
When there are few homes on the market but a wealth of buyers, a seller can be more selective and choose to avoid going public with their home sale.
In an off-market sale, sellers can choose who can see their home and when it’s available. If they want to avoid having their neighbors know they’re selling or avoid having their house sitting on the market for months, an off-market sale may be their best bet.
Sellers can get an idea of their home’s marketability and see how the local market views their home and proposed price.
If a seller doesn’t receive a great offer while the property is listed off-market, they haven’t necessarily lost anything. If the home has been listed off-market for some time and there haven’t been any offers, perhaps it would be best to lower the price before it’s listed on MLS.
When a buyer is putting an offer on a home, they are up against several other prospective buyers. Buyers that put in an offer on an off-market property are rarely up against the same numbers of buyers.
Buying off-market can significantly reduce the stress of getting your offer accepted.
Whether you’re a seller looking for a private transaction or a buyer interested in gaining a competitive edge, The Bushari Team is well-versed in sourcing and structuring off-market deals.
Reach out to us to get your off-market home buying/selling process started.
AccorHotels, operators of the Singapore-based Raffles hotel, has announced the signing of definitive agreements to debut the first mixed-use luxury Raffles property in North America.
The Boston Planning & Development Agency is currently undergoing official review on The Davis Companies’ proposed 112 Shawmut development.
The project will introduce a thirteen-story structure housing approximately 139 new homes in Boston’s vibrant South End neighborhood.
This week, a Project Notification Form was filed with the Boston Planning & Development Agency by Massachusetts-based developers National Development. The PNF called for the construction of 250 micro-units in the South End at Ink Block.
We’re thrilled to announce Walter Pawlowski as the newest sales agent on The Bushari Team.
Walter joins us as a veteran at Bushari Real Estate, where he exhibited strong mediation and negotiation strategies through his thorough background in real estate law.
Hailing from the South Shore, Walter gained a passion for real estate at a young age, frequently visiting construction sites with his father, who was a general contractor for over two decades. Walter graduated from Suffolk University Law School and takes to heart the core values of being an attorney, acting as a trusted advisor to his clients and acting in their best interests at all times.
His work in property law grants him a comprehensive understanding of financing, investing and negotiating that leaves him uniquely prepared to assist his clients in their transitions.
Walter currently resides in Charlestown, where he enjoy its distinctive history, local restaurants and vibrant social culture. When Walter isn’t concentrating on his clients, he likes to remain active and enjoys golfing and playing basketball.
We sat down with Walter to hear what he’s most looking forward to as a part of The Bushari Team.
Get to know Walter and the rest of The Bushari Team at BostonRealEstate.com
Last week, the Boston Planning & Development Agency published a letter to Millennium Partners, developers of the planned Winthrop Square Tower in Boston’s Financial District. In the letter, the BPDA outlined their criticisms of the proposed skyscraper’s design, citing dozens of areas that the city would like to see additional consideration from the development team.
The conversation is another step forward in an already lengthy process to bring the tower to fruition.