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!
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. …
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.
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?
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.
Dear home buyer,
Let’s start with a helpful definition:
At Nuhom, we define the ‘equity home’ as a home you buy which appreciates in value over time. This doesn’t have to be your first home purchase, but it certainly can be. That appreciation in value is your equity and you can access it in three ways:
Home Equity = (Home Value) — (Mortgage Balance)
Dear Home Buyer,
We believe that real estate if bought right, is one of the best long-term wealth creators and investment diversification methods available to individuals. Buying a multifamily property has been one great way for many to get their feet wet in the real estate market. For those who are also looking for a way to get out of renting, buying a multifamily can allow you to live in one unit and rent out the others. Many of our clients are doing this in two and three unit multifamily properties.
Boston home owners have generally been quite successful with…
Making home buying more affordable, simple, and transparent. Buy your home online and save 50% of the buyer agent commission with us.