Archive for the 'Jamaica Plain' category
Inventory has been a challenge for buyers, down from this time last year, it is making it more difficult for buyers from Jamaica Plain, Brookline, Somerville to Cambridge. Multiple offers have been common pushing prices up combined with the interest rates slightly increasing, many buyers are feeling the pressure to find something to buy fast fearing that the rates will keep going up.
So why this lack of inventory ? The rates are still historically low and the economy is showing signs of improvements combined by the higher rents. We are seeing buyers willing to offer $10,000 to $60,000 over the list price and willing to waive the inspection contingency. This is pushing buyers out of the market either because they can't compete or they're discouraged by the lack of inventory. For more information, visit BostonPropertiesNow.com or call Emmanuel at 617-669-6277
Multi Families in Jamaica Plain, Roslindale and West Roxbury are in high demand these days. The number of Multi Families in Jamaica Plain for sale available today are 2, for Roslindale: 3 and West Roxbury: 2
This is very low and the number of buyers for this type of property continues to grow. The low interest rates combined with the increasing demand for apartment for rent makes it a very good investment for investors and/or owner occupants.
The picture above on the left is 3977 Washington St in Roslindale, it is a 3 Family with finished space in the basement and parking for 4 cars, it is new on the market.
The picture above on the right is 2 Jamaica Pl in Jamaica Plain, it is a 2 Family under construction. It used to be a single family home that was demolished. The picture is taken from Arborway and you can see the framing is almost done.
For more information, please contact Emmanuel Scibilia at 617-669-6277 or visit www.BostonPropertiesNow.com
This is the perfect starter home, this condo for sale in Jamaica Plain is a 2 bedroom and 1 bath. The abundance of light thanks to the multiple windows makes it a bright and sunny unit.
The eat-in kitchen is updated with stainless steel and cherry cabinets. It comes with parking, on-site management, laundry and private storage.
The heat, hot water and snow removal are all included in the condo fee. It is in a very convenient location, near Franklin Park, Arnold Arboretum, Forest Hills T station, shops & restaurants.
For more information, go to www.BostonPropertiesNow.com or contact Emmanuel Scibilia at 617-669-6277
What is the advantage of writing a letter and what does the letter need to be effective ?
In this world of technology and internet, it is great to get a personal letter or a card even when it's someone you're doing business with. That's why an increasing number of buyers are writing letters to sellers in competitive situations where offers could be very close to each other.
It also helps if offers are considered too high with concerns that it may not appraise.
I had a buyer recently who made an offer on a condo that was new on the market, she wrote a letter describing what she liked about the condo and how how well-maintained it was, the friendly neighborhood, that it was close to stores and that it was convenient to her job. She talked about her occupation and that she had lived nearby for several years and that she would take good care of the place. The strategy worked. Her offer was accepted.
It is better to be sincere and to keep it to the point not to exceed one page and it's not worth doing it for a bank-owned property but some sellers are not so impressed and may only look at the price and terms of the offer so there is no guarantee.
Another important thing to do is to make sure you submit the letter to your agent and to avoid contact with the seller especially without your agent's knowledge. Buyers should never have direct communication with sellers.
The letter should describe features and compliment the seller. It can also describe how long the buyer has been looking and where.
You can also try to find what you may have in common with the seller and add it in the letter.
Keep it short and sweet but be careful not to overdo it and don't expect your offer to bridge a $25,000 gap between your offer and the next one.
Are you looking for a condo in Jamaica Plain under $200,000 ?
465 Arborway #16 in Jamaica Plain might be the answer, it is listed at $169,900, it has 2 bedroom condo, it offers parking and is renovated with a nice kitchen and plenty of light.
It is 2 blocks from the subway stop and a short walk to the Arboretum and the South West Corridor with great opportunities for walks and outdoor activities.
Check out condos in Jamaica Plain under $200,000
In July 2011, the average sale price for a single family in Jamaica Plain was $635,000 in July 2012, the average price was $649,000 selling from $306,000 up to $1.7M with some properties selling in the first few days on the market and many with multiple bids. Buyers are attracted to all the green space in Jamaica Plain as well as the diversity and the easy access to public transportation. Whether you're walking or biking Jamaica Plain has great options and many bike paths including the Southwest corridor along the orange line.
There is a single family home for sale in Jamaica Plain at 205 Chestnut Ave that's a large single family that needs updates, it is set back from the street with a small yard in a great location steps to Stony Brook stop on the Orange line. It is listed at $549,000
For more information, contact Emmanuel at 617-669-6277 or firstname.lastname@example.org
3371 Washington & 197-201 Green St may have a new look in the near future, most of the buildings would be renovated with some with additional levels and 1 or 2 may be demolished to be replaced with a building. It would include, condos, apartments, parking, and retail space. The new plan would be welcomed for this corner that has been getting little attention including a retail space at the corner that has been vacant for years.
Written by Emmanuel Scibilia, you can contact him at 617-669-6277 or go to www.BostonPropertiesNow.com
Bartlett Square, the new building located at 154-160 Green St in Jamaica Plain is finally completed and the first 2 units closed. A 1 bedroom unit just sold for $320,000 and a 2 bedroom, one and a half bath just sold for $440,000
Most of the units sold in the first 2 weeks on the market, a sign that new green construction in the is in high demand.
The first 2 buyers are now able to move in. The outdoor patio and the commercial space seem to be near completion and look great. Everyone is looking forward to some great restaurant or bakery and enjoy this nicely improved block and that was an empty lot for years.
For more information, please contact Emmanuel at 617-669-6277
Introducing this modern 1 bedroom condo on a side street, close to everything JP has to offer. This unit features an open floor with a good size separate bedroom, laundry, renovated stainless steel kitchen, recessed lights and a lovely back yard great for BBQs. Steps to public transportation, shopping & the Arboretum; this is urban living at it's best with an affordable price and a great opportunity to own especially for first time buyers. Listed at $178,900.
For more information, contact Emmanuel Scibilia at 617-669-6277 or go to www.BostonPropertiesNow.com
The Spring market is here for real estate in Boston. The acitvity has picked up. Open Houses are busy. The good weather and the low interest rates are a big factor.
More Buyers are looking and making offers and more sellers are listing their property, some properties are selling as soon as they land on the market.
Properties in some areas like Jamaica Plain, Brookline or Cambridge are even getting multiple offers.
The real estate inventory in these areas is low especially in certain types of properties like single family homes for example.
If you are a Buyer be prepared to make quick decisions and be informed and if you are a seller, be willing to price your property well to attract buyers.
So it's not a buyer's market everywhere righ now and the glass may be half full.
For more information about the market, please contact Emmanuel Scibilia at 617-669-6277