Renters Have Become Buyers...And Sellers Have Become Renters?
Naturally, people outgrow their homes or simply find it's time to move on to something new. In this progression, we see sellers who are simultaneously looking to purchase at the same time. It's rare that an individual markets their property with the intention of renting something new, but that's exactly what is happening as a result of sky-rocketing property values.
While it's normal in a hot market like this to find renters leaning towards the possibility of purchasing to avoid high rental prices, it's not exactly everyday that you see property owners doing just the opposite. However, with properties selling at all time highs around the Boston and Brookline areas, some people are taking advantage of the opportunity to walk away with massive returns.
More and more, we're servicing sellers who then in turn decide to lease until the next market downturn. Low interest rates are keeping the flow of willing buyers up and the resulting bids seemingly astronomical. How can one turn down numbers that we may not see again for another cycle? It's definitely an important decision to consider.
If you are looking to capitalize on the equity in your home, contact The Boston Proper Group for a free comparative market analysis of your property. We will help you achieve the maximum return on your sale.
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