How’s it going folks! If you are looking for property management LOOK NO FURTHER! Boston Trust Realty Group is happy to announce there is a new company in town. We are welcoming Nichols Realty Management your one stop shop for any of your Property Management and Real Estate needs:
Repairs and Modernization
Call (617) 674-2077
Many Sellers who are facing foreclosure are notified by their lender that they should try a loan modification, but the reality is that loan mods don’t work in most cases. Many lenders will deny them or agree to a loan mod that you can’t afford. The worst loan mods are the temporary arrangements, where the bank agrees to accept a reduced payment for 6 -12 months, and then pulls the rug from under you by canceling it after you’ve made all of the payments on time. Some sellers are able to successfully get a loan modification, but many are not. The reason being, if the banks made it easy, then everyone would do it. If you tried to get a loan mod and it didn’t work out, a short sale is your next best option. You can receive relocation assistance, get a fresh start and be ready to buy again in as little as two years.
In March of 2015 the average sale price was $669,824 and increased to $746,332 in March of 2016. This was 11% increase. The average amount of days that sellers waited to accept an offer in March 2015 was 43 days and decreased to 35 days in March of 2016. This means that sellers were able to sell their condos 19% faster. The amount of condos that sold in March of 2015 was 248. For the same period in 2016, 291 condo sold. This was a 17% increase in sales volume. This supports that sellers stand to sell for more money in less time in 2016.