The Boston Herald reports that many sellers are dropping their asking prices in Boston. Boston home prices dropped an average of 8 percent off the original asking price. If you ask a Boston real estate lawyer, the reason for the drop in Boston home prices stem from the end of the tax credit. Sellers, eager to quickly make a sale, are dropping prices in order to entice buyers.
Rick Healey, broker-owner at Foster-Healey Real Estate in Fitchburg told the Boston Herald that sellers are becoming more grounded: "Sellers are realizing there's no artificial stimulus to help the market, so they're lowering prices. The demise of the tax credit has brought a sense of reality to pricing."
It is this sense of realistic pricing that seems to be drawing in more buyers than during the tax credit boom. These buyers will need the help of a Boston real estate lawyer if they want to close on a piece of property.
What Can A Boston Real Estate Lawyer Do For A Buyer?
- A Boston real estate attorney can help draft your offer to purchase a home.
- He/She can help advise you on your home sale and negotiate for you.
- A Boston real estate lawyer can give you unbiased advice about mortgages.
- He/She can help prepare you for the closing.
- A Boston real estate lawyer can attend the closing and can review all of the documents, answer any of your questions, and make sure that your rights are protected and can be enforced by law.
If you want to take advantage of dropping Boston home prices, call a Boston real estate lawyer today!
Related Resources:
- Home Sales May Be On The Rise, But There Are Skeptics (FindLaw's Boston Real Estate Law News Blog)
- Getting A Mortgage In Boston Gets Tougher (FindLaw's Boston Real Estate Law News Blog)
- Consult With A Boston Real Estate Lawyer (FindLaw)
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