Dear Homebuyer,

Nuhom loves to show off the successful homebuyers who have been able to find and purchase their dream home and save money while doing so! As we know it today, homebuying can undoubtedly be perceived as complex. We’ve found that while preparation is the foundation of home buying, of all the steps, finding the home that’s right for you is ultimately what’s most important.

With listings, pictures, 3D virtual tours, maps, and more accessible information than ever before, Nuhom’s homebuyers find their home before any agent does. Based on the buyer’s needs and wants, they know it’s the…


Dear Homebuyer,

Some time ago, we wrote a piece about how the asking price listed for a home often doesn’t hold much value. In a market condition like today, where the seller has the most leverage, we wanted to highlight that instead of reflecting the home’s true value, the seller’s asking price is often intended to motivate the most eyeballs or buyers to see or consider the home.

When pricing your offer, you should consider the following:

  1. Don’t take the asking price to heart.
  2. Data goes a long way, but not all the way.
  3. Understand seller motivations and think about…

INTRODUCTION

You’ve recently experienced a pandemic, a recession, a historic election, and a serious change in how we normally interact with each other in 2020. What a rollercoaster year! Many of your friends and family have moved to new places so they can adjust to “the new normal” and this year you are interested in making a move of your own as well. Nuhom, pronounced /new-home/ is here to help!

Whether it’s your first home purchase or not, Nuhom takes the scary out of the homebuying process and we are here to put you at ease through each step! We…


Dear Homebuyer,

Many of you have been warned that we are in a “seller’s market”. With low-interest rates and record low homes on the market for sale, this is indeed more often the case than not. While this poses some hurdles, people are indeed still successfully buying homes. Sellers often enjoy the best price, little stipulations, and a timeline that works for them. If you’re not having a lot of luck coming out as the winning offer while attempting to provide what you can of these, perhaps a letter to the seller may just help!

We’ve had clients benefit from…


At the age of 30, in the year 1994, Jeff Bezos launched Amazon out of his garage. In 1995, the company sold its first product, “Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought.” Fast forward 26 years and Amazon is the first place we think to search when buying something online. You can find products from A to Z, add it to cart, quickly checkout, and with Amazon Prime, some products can be delivered on the very same day of purchase. Now, that’s speed and convenience. …


Dear homebuyer,

Homebuying is a big decision and for some the journey takes more time than for others. For those buying in a seller’s market there can be an additional hurdle: competition

A seller’s market is when the seller has leverage in the sale with buyers and he or she knows it. The seller expects multiple offers on the home they are selling and have options to choose from. The seller knows that buyers want what they are selling and this gives sellers most of the control in deciding who to sell their home to.

Not to worry though, there…


Dear home buyer,

At Nuhom, transparency is at the center of what we do and how we do it. The purchase of your home may be one of the largest investments in your life. Understanding what you’re buying, who is helping you buy it, and how all parties are involved is something you have the right to know. In fact, in this case, given the financial decision involved, it should be overemphasized.

Recently, the Department of Justice (DOJ) and the National Realtors Association (NAR) settled an antitrust case which we hope and believe will bring more transparency to the experience…


Something here is broken :/

Homeownership is an opportunity for you to grow wealth, stop renting, and satisfy your needs at various life stages. These are a few of the many reasons why you may consider buying a home, but the truth is, the process to do so can be cumbersome. Given the technology available today, we believe home buying is broken. But, it can be fixed!

This year, with rock bottom interest rates, homebuyers have been incentivized to buy a home during the pandemic. However, coupled with low inventory for sale, this has fueled record high home prices. Bidding wars and offers with little…


Dear home buyer,

We’ve seen it especially in the Greater Boston market — Homes selling for $50k over asking price! $30k over asking price! And so on. Homebuyers and sellers often talk about their home sale experience based on their purchase price relative to the asking price. Is this the right way to think about it? When home buyers see a lovely home hit the market, they focus almost entirely on photos and the asking price.

But, what is the asking price and where does it come from?

The asking price on a home is arrived at by the seller…


Can you imagine being able to buy a home online?

Today, it seems like all forms of buying and selling have moved online. We have seen that the current pandemic has accelerated the use of online mediums and marketplaces.

While geared mainly towards distressed properties, sites like auction.com and hubzu.com allow you to buy a property in an auction style format and complete much of the home transaction online. Although these sites are geared towards flip investors, the process and technology can be applied to the consumer home buyer.

In 2019, Amazon launched TurnKey in partnership with Realogy, who own…

Nuhom

Making home buying more affordable, simple, and transparent. Buy your home online and save 50% of the buyer agent commission with us.

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