Ever since the recovery of the real estate market crash nationwide, buying a house in Boston has been a significant challenge for most people. The Boston Real Estate market hits its significant low inventory, and this led to many people struggling to get the kind of houses that they needed. The bigger challenge for the home buyers is that sellers list their properties for less than they expect to get in order to trigger even more interest.
Being able to add on tens of thousands of dollars to the original lower, asking price has become a key tactic for any Boston real estate agent looking to help a client get the sale price they were really hoping for. As the market becomes more fluid and people are willing to spend more, starting with a lower price can be the key solution for anyone who is holding onto property in Boston, particularly Massachusetts Real Estate.
Despite the lack of options on the market for many sellers, the tactic of starting low and letting the bidding process rise up gradually seems to be the preferred way forward for many people involved within the Boston real estate market. By being able to drum up interest much easier than before thanks to the lower price, it can be much simpler for a Boston Real Estate Agent to create a bidding war that finishes up with a price far more akin to what the real aims were at the start of the process.
By drawing people into a home that seems too good for the price, a bidding war can be created in no time at all whereby interested parties are investing with their hearts, not their heads. By getting people to bid to win instead of negotiating for the best price, you can get the kind of deal that you always wanted in the first place. Otherwise known as restrained pricing on a home, you can drive up the value and the offers in a big way just by using this kind of system.
Whilst the ethics of the process might be a bit sketchy for some, the process itself is the best way for getting the ideal kind of Boston Condo prices that you were hoping for in the first place.
The price jump can be quite incredible; it’s not just a couple of thousand dollars that you can add on. One home was sold in Somerville last year for $1.35m with an asking price $1.19m! This is quite a massive jump, and playing the game and getting emotions into play can be the way forward for anyone who wants to make a killing on their property in a market whereby people are desperate to land the best home they can find, due to the market being relatively weak in comparison with previous points in the Boston real estate market.
These sales are favored by many as they can be fast; a low starting price and plenty of interest can get the job done in days, not months. For anyone who is looking to make a quick sale and move on with their search for the perfect home, going through a quick process can create a profitable bidding war.