If you want to keep an eye on what's happening with real estate, check out my blog posts. Low Rates or Lots of Leverage? Buyers Rarely Get Both. Higher mortgage rates come with a perk most buyers miss: negotiating power. Back in 2022, after two years of rates near 3%, 95 of the top 100 metros favored sellers, according to Realtor.com. Bidding wars and offers over asking were everywhere. Now rates are above 7%, and the picture has flipped. Today, 66 of those 100 metros lean toward buyers. And sellers are making deals to prove it. Redfin reports nearly half of buyers now get a concession from the seller, like help with closing costs, money for repairs, or even paying to buy down the mortgage rate. That’s the trade-off: buyers rarely get low rates and leverage at the same time. If rates dropped in a big way, more buyers would jump back in, and that leverage would likely shrink. That doesn’t mean you have to move right now. The right time to buy is when the numbers work for you. But if you’re ready to move, today’s leverage could help make the math more doable than you think. Just remember, every local market is different. Want to see how much negotiating power you’d have in this area? Let’s look at homes where sellers may be open to a rate buydown or closing cost help. #MortgageRates #HomeBuyingTips Michael Mahoney Realtor 617-615-9435 mike@mmahoney.com www.HomesinBostonMass.com

Check out this blog #MortgageRates #HomeBuyingTips #KeepingCurrentMatters Always see more @ http://www.RealtorMikeMahoney.com

Wow. 57 degrees today and your landlord is on the beach.

If you want to keep an eye on what's happening with real estate, check out my blog posts. Selling Your Home? What You Should Know About Price Cuts vs. Rate Buydowns. What if you could make your house more attractive to buyers without lowering your asking price? With 43% of sellers cutting prices right now, according to HousingWire, it's a question worth asking – especially because there's another way to give buyers what they really want: a lower monthly payment. It's called a mortgage rate buydown. And the difference can be pretty remarkable. Here's an example. Let's say you're willing to offer a buyer $10,000 to help get your house sold. A $10,000 price reduction could save that buyer about $70 a month. But putting that same $10,000 toward a temporary mortgage rate buydown could save them roughly $500 a month in the first year. Same amount from you. A much bigger impact on their immediate budget. Now, those savings won't last forever with a temporary buydown. But for the right buyer, that upfront relief could be exactly what makes your house stand out. Thinking about selling? Send me a message. Let's explore which incentives could attract buyers while protecting your bottom line. #RateBuydown #HomeSellingTips Michael Mahoney Realtor 617-615-9435 mike@mmahoney.com www.HomesinBostonMass.com

Keep renting that condo your landlord is loving being able to sit outside on November 9 in the Adirondack chair that you pay for #Boston #realtor #RealBrokerLLC

Check out this blog #RateBuydown #HomeSellingTips #KeepingCurrentMatters Always see more @ http://www.RealtorMikeMahoney.com

Thinking of waiting for interest rates to drop? Here’s why that backfires: when rates fall, competition spikes and prices get bid up. Why Q4 and winter win: • Less buyer competition • Motivated sellers • Long-term equity growth If you’re renting, you’re just funding someone else’s equity (and backyard). Ready to find yours? Send me a DM. #boston #realtor #realestate #bostonrealestate #realbroker

If you want to keep an eye on what's happening with real estate, check out my blog posts. What the Silver Tsunami Means if You’re Planning To Sell The term “silver tsunami” makes it sound like a wave of houses is about to hit the market all at once. The research says otherwise. According to Realtor.com, about 13.9 million homes owned by older Americans are expected to change hands by 2036. That's a big number. But it's spread across a decade, at roughly 1.3 to 1.5 million homes a year. The pace is important. After the 2008 housing crash, builders spent years not building enough homes to keep up with demand, and the country still hasn't caught up. As longtime homeowners sell over time, their houses will help ease a shortage that's already there. For buyers, that can mean more options. For sellers, it means there's no reason to put your plans on hold because of a trend that’s expected to play out over the next 10 years. What matters more is what's happening in your area right now: how many homes are for sale nearby, what similar houses are selling for, and what buyers want. Planning a move in the next year or so? Let's talk about what the local numbers mean for your house. #SilverTsunami #HomeSellingTips Michael Mahoney Realtor 617-615-9435 mike@mmahoney.com www.HomesinBostonMass.com