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Access to All Real Estate

Access to All Real Estate for Sale

The role of your agent affects the real estate you will have access to during the home buying process. Did you know that? Many home buyers, especially first time home buyers, do not realize that the type of real estate agent you choose could actually limit your ability to evaluate all of the homes actually available for your consideration. Simply, if you have a dedicated buyer agent on your side, you will have access to all real estate for sale. Why would anyone want to limit their selection?

Many seller agents will not show you properties representing the full range of homes available on the market that may meet your needs. They are financially motivated to focus on homes in the MLS, which limits the selection you may have to choose from in finding your next home.

Be an informed home buyer. Don't eliminate your choices early in the process.

Broader Access Means More Homes to Choose From

The best practice is to interview three real estate professionals in Massachusetts prior to selecting the agent to work with. As part of the selection process, be certain to ask about access to various types of real estate so you are informed in advance of how each agent defines the 'homes available to show you' as you work together. Specifically, a dedicated buyer agent should have access to the following inventory:

  • Properties listed in the MLS
  • For-sale-by-owner properties (FSBO)
  • Not-yet-listed properties
  • Foreclosed or distressed properties*

*During your phone interview or in-person consultation with any real estate professional, ask the seller agent or buyer agent if they work in this market area of distressed, below-market or foreclosed properties. Some do not.

It's the same as when you're buying a home - you don't want to just pick the first one you see. You want to make an informed, well-thought out decision and not select the first real estate professional that you talk to.

 
 
 

Latest from the Blog

  • Closed Home Sales Down in April After Record Inventory Lows and Rising Prices

    Median Sales Prices Have Seen Year-Over-Year Increases for 19 Straight Months

    WALTHAM, Mass. – May 23, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that low inventory and rising prices caught up to the spring market, with single-family home sales decreasing over eight percent from this time last year. Both single-family and condominium prices saw a hike. Condominium sales decreased almost 10 percent from April 2016.

    April Closed Sales:

    Single-Family April 2017 April 2016 %Change
    Sales 3,735 4,082 -8.5%
    Median Price $362,500 $349,900 +3.6%
    • Closed sales have been down for four out of the last 12 months
    • Median prices have been up or flat for 16 out of the last 17 months
    Condominium April 2017 April 2016 %Change
    Sales 1,455 1,607 -9.5%
    Median Price $345,000 $329,950 +4.6%
    • Closed sales have been down for four out of the last 12 months
    • Median prices have been up or flat for 16 out of the last 17 months

    “With the current trend of plunging inventory and rising prices, the odds were strong that sales increases of the winter market would be unsustainable through the spring,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “The demand is there; we just need more homes on the market to satisfy that demand.”

    Inventory and Days on Market:

    Single-Family April 2017 April 2016 %Change
    Inventory 13,234 19,392 -31.8%
    Months of Supply 2.7 4.0 -32.5%
    Days on Market 81 107 -24.3%
    New Listings 7,706 8,513 -9.5%
    • 62nd time in the last 63 months of year-over-year inventory decreases
    Condominium April 2017 April 2016 %Change
    Inventory 1,455 1,607 -9.5%
    Months of Supply 2.0 2.8 -28.6%
    Days on Market 60 78 -23.1%
    New Listings 2,640 2,971 -11.1%
    • Inventory down for 16 out of the last 17 months

    “Unfortunately, our existing level of inventory makes it hard for us to meet our current and future housing needs,” said Yorkis. “If we don’t do anything soon, it will have a negative impact on the entire Massachusetts economy.”

    If you are thinking of buying a home anywhere in the state of Massachusetts, it is in your best interest to work with a member of the Massachusetts Association of Buyer Agents. These men and women are dedicated to working exclusively on your behalf to ensure that you have the best possible home-buying experience. Find a MABA agent here.