The Rotenberg Team
Sima Rotenberg
Sima Rotenberg, REALTOR®
Multi-Million Dollar Producer
Top 10 Broker in Swampscott ~ 2022

781.956.2279
sima@rotenbergteam.com

March Madness 2013 in Real Estate

 

It’s no secret at a certain price point ( under $400k)  in many Essex county communities (Gloucester, Rockport, Beverly, Danvers, Salem, Essex, Ipswich and Peabody), buying a home  has become quite  competitive.  Purchasing real estate in 2013 has its own  level of “March Madness”. There are 20, 40 or 60+ people viewing well priced properties at open house(s). There are multiple offers and yes people are paying above asking price. Every house? No, just  homes priced appropriately for their age, condition, location and size. Buyers are not offering crazy amounts of money because we all know at the end of the day it must appraise, since most purchases are contingent on buyers receiving a mortgage.

So what will tip the scales in the favor of your offer being accepted, if you are a buyer ? There are four practices I use with consistent success when I know there is a  chance that there will be multiple offers.

1) View the house and make the offer ASAP. The early bird gets the worm. Yes it may be inconvenient and you may have to cancel a previous appointment to go view a house. Sorry, this is  about getting the house you want, not living a balanced life.

2) Offer asking price at a minimum. If you know potentially there will be multiple offers, forget about “stealing” a property. You like the house, you want it, now get it! Offer above asking to a level your agent or lender feels it will appraise at (and you are pre approved for).

3) Have your agent write the “magic letter”. People like to do business with people they know and like. Share with the buyers how much you like their house. Compliment them about their decorating or cleanliness. Find out what is motivating the sellers to sell and speak to that. Be real and be personal. Don’t laugh this works, I have had several clients achieve their home in a competitive situation because the sellers felt like they knew them and liked them after reading the “magic letter”.

4) Last but not least, always ask the sellers agent for a final and last opportunity to submit a final bid if there are multiple offers. Don’t assume that the list agent will automatically give everyone a chance to rebid; they may not. If a buyer does not want to offer more, they don’t have to, but at least they have the opportunity to make up their own mind about their final bid.

The “other” March Madness? All the way with Syracuse for me!

 

Walkability in Gloucester? This condo has ?Rollability?!!!

 

 

A walk score of 92…this is a walkers paradise! This condo is so conveniently located  in Gloucester you can “roll” out the door and get to lots and lots of locations! The trainthe MACShaws groceries, theRumlineGloucester Depot...the list goes on and on and then there is the 5 minute walk to Main Street stores and restaurants! The Gloucester harbor  and Pavillion Beach (great beach for seaglass!) is a ten minute walk away. In an elevator building; it is in excellent condition; lovely finishes and an open living space. I love this location – because I love to walk in Gloucester.

The Mortgage Minute with Katherine McNally of Guaranteed Rate

Please don't quit your day job before you sign on the dotted line!

83 Maplewood Ave. Gloucester MA - Sweet young, light filled house!

59 Western Ave has a Gloucester harbor view!

 

Ever dream of living on the Boulevard in Gloucester? Having water views 365 days out of the year? Having lots of fun & events at your doorstep? The Fiesta events, the Parade of Sails, the July 4th parade, the Christmas parade all happening at your door step…no need to make plans to attend, you are already there! Walk across the street to Pavilion Beach, sit by the water side, launch your kayak or search for sea glass. Tired of the non stop water view and boat activity? Walk to Stage Fort Park, let your kids or grand kids play at the playground and your dog(s) run free at the dog park. Hungry? Some of the best restaurants in town are all in walking distance. In one direction is the Causeway and in the other direction head for The Franklin CafePassportsLatitude 43 or Cafe Bishco to name a very few :) Walk to bothcinemas in town, the train station, the synagogue & churches. Park your car and enjoy the daily pleasures of life in Gloucester served up at your doorstep each & every day, with a harbor view! Think thisGloucester lifestyle sounds like fun?

This two family house is in the middle of renovations, the second floor unit being more complete then the first. Both units are two bedrooms and two baths.The property asks for someone with vision and creativity, who loves a water view!  Take a peek at this opportunity http://59westernave.com