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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

  • Massachusetts Pending Home Sales and Median Price Up Again in June

    The Massachusetts Association of Realtors® (MAR) reported today that single-family pending home sales were up over nine percent in June from last year. Pending condominium sales were also up more than 12 percent. The median price for both single-family homes and condos saw a hike, with the single-family median price rising over the $400,000 mark. Realtors® confidence both in the market and in home prices dipped slightly in June. This month’s “Hot Topic” question finds that the majority of Realtors® surveyed have had at least one transaction that was an all-cash deal (i.e. no mortgage involved) since the beginning of the year.

    June Pending Sales: 

    Single Family June 2017 June2016 % Change
    Sales 6,723 6,128 9.7%
    Median Price $410,000 $380,000 7.9%
    • Pending sales have been up 51 of the last 52 months 
    Condominium June2017 June2016 % Change
    Sales 2,596 2,307 12.5%
    Median Price $370,000 $349,900 2.9%
    • Pending sales have been up or flat 20 of the last 22 months 

    “The increase in homes put under agreement this month may be a positive sign for a spring market that has suffered plummeting inventory,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “However, median prices have continued to rise, which can push some buyers out of the market.”

     
    Realtor® Market and Price Confidence Indexes: 

    Confidence Index June2017 June2016 %Change
    Market 80.73 80.97 -0.29%
    Price 71.79 73.87 -2.82%
    • The Realtor® Market Confidence Index went down for the first time in 27 months
    • The Realtor® Price Confidence Index went down for the first time in six months
    • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition  

    “The Realtor® Market Confidence Index has dipped year-over-year for the first time in over two years, indicating that Realtors® are growing concerned about some of their buyers being able to succeed in this market,” said Yorkis. “However, both indexes reveal that ultimately Realtors® remain positive. We just need to see more inventory to keep up with the demand.”

    With home inventory being as tight as it is, you want to give yourself every advantage if you are thinking of buying a home in Massachusetts. For the best possible experience, be sure to work with an agent who is a member of the Massachusetts Association of Buyer Agents.