South Boston Realtor

Realtors in South Boston: Connecting You With Homes and Condos

Having a Realtor in your corner who not only knows the ins and outs of the real estate industry, but the South Boston neighborhoods as well are key. Even further than that: you need real estate agents who know firsthand the luxury condo market in South Boston. Without that local touch, how can you trust the recommendations, skills, and experience of your realtors in South Boston? It's even more important than ever, as South Boston is starting to surge with new properties aimed at the up and coming professional.

Here, at Home Town Brokerage, we know South Boston. Our agents have the experience and tenacity to connect you with the property you want. Browse our Agent Bios and check out our featured listings. You'll see just how much experience we all have buying and selling condos and homes in South Boston, particularly Guy Assetta, senior agent. He has more than 17 years experience in the custom home building and remodeling industry.  Guy is a 3rd generation builder. He started out as a child watching his grandfather and father, who were builders.  As a teenager, Guy worked in the shop of the family business, Assetta Construction, because he was not yet old enough to be on site. When he turned 18 he worked out in the field. However, his father wanted him to go to college so he left the family business to get a degree in engineering. Guy quickly discovered that his heart was not in it and went back to work for the family business. In 1999, Guy enrolled in the North Bennet St Schools carpentry program. At North Bennet, Guy learned the finer details of Carpentry and home building. When he graduated, this time he did not return to the family business, rather he went to work for S+H Construction of Cambridge, MA. At S+H, Guy worked with some of the finest craftsmen in the industry restoring and modernizing the grand old Victorian homes of Cambridge. After many years there, Guy and a fellow carpenter went out on their own to start a construction company. The company ran successfully for 5 years until the two partners went in separate directions. That is when Guy started out in South Boston, buying a three-family home that he converted into the highest quality and highest priced per square footage condominium in South Boston at the time. He has successfully remodeled and converted a variety of buildings into condos since then, creating Home Town Brokerage in 2009 with partner Ryan Sullivan.

After starting Home Town Brokerage Guy And Ryan realized that there's a real need for guidance in the buying process.

Our buyers always say how comfortable they feel because we keep them in the loop and are in constant contact throughout the process. It's our goal to ensure a seamless transition from selling your current home to investing in a new one. But it's not just the house you're moving into: you're adopting a whole new neighborhood and community. You're in for a treat in South Boston. That's because there's a lot on the horizon.

The South Boston Condo Market: "We're in the Know"

Going in alone, in terms of buying into a whole new neighborhood can be daunting to say the least. You need someone to enlighten you about the current state of the real estate market here. You may already know that luxury condos are starting to become a mainstay of the South Boston landscape. You may even know that the prices -- and indeed quality -- of those condos are hitting all-time highs. Just like its neighbor East Boston, South Boston is seeing condo prices that are leading house prices by a wide margin, says Curbed. You can snag a condo in this area for about $790,000 up 16 percent from last year, says The Boston Globe, but even more for a high-end, full-service building which is fetching $2 million a unit.

Appealing to an audience comprised of young professionals and even suburban empty-nesters, these condos are beckoning these groups with an improving economy, growing job market and more affordable urban life than the city proper. That's not to say the houses are slowing down. WBUR says that since 2011, nearly 22,000 units have been completed or permitted, mostly in central or South Boston. While the prices of houses for sale in South Boston, MA took a bit of a hit last year, pending sales increased -- an excellent marker for growth.

Home values throughout Boston and its outer neighborhoods like South Boston are expected to increase by even more over the next year. You can rest assured Home Town Brokerage will keep you posted! Call our South Boston Realtors at Home Town Brokerage at 617-877-1479 to learn more.

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    By the Numbers: Stats on Boston's Burgeoning Neighborhoods

    Boston's neighborhoods are growing, and they're building up their communities to appeal to young professionals who can't afford the rent and mortgages of Boston proper. Specifically, South Boston is becoming a contender in the world of luxury condo living. Now mind you, these condos certainly aren't cheap. Some units are going for upwards of a million bucks. However, it's still a far cry from condos in the Back Bay, for instance, which are fetching anywhere from a few million up to $13 million and more on Beacon Street.

    Looking to invest in South Boston condos? There are many to choose from at the moment, thanks to a luxury condo construction boom overtaking the city. South Boston's not alone -- East Boston's and Dorchester are getting in on the action too. But Back to South Boston... The Boston Globe says this Boston neighborhood is seeing an influx of median single-family home prices of $680,000 and condo prices of $632,000. This is a 70 percent change since 2011, putting Southie front and center of a growing South Boston real estate market. You have The Austin at 205 E Street, with units starting at $699,000 and going up to $1.1 million. Then you have 39 A Street and 150 West Broadway, also offering luxury living at a premium. There are more, of course, but you get the picture. In Dorchester According to The Boston globe The median Condo price is $375,000 which is an 88% change since 2011.  Dorchester has certainly come a long way with Condo units such as 8-12 Enterprize street consisting of 9 units ranging in price from $680,000-$950,000 or 364 Neponset Ave which features townhouse style 3 bedrooms with garage parking.  Not to be outdone East Boston has exploded with a median condo price of $ 416,000 an 83% change since 2011. Lower prices and a quick T ride to downtown with an incredible view of the Boston skyline. It’s no wonder East Boston has caught on so quickly in the last few years. With nearly 1,000 new units in the works along the waterfront such as Clippership wharf which sold out all 80 of the units at the Slip 65 in 8 weeks, 320 Maverick place  with 33 units  due for completion in the fall of 2017

     

    Facts on South Boston Real Estate

    Let's take a look at some interesting stats on South Boston homes and condos.

    • The median price of a condo is $790,000 up 16 percent from last year -- even higher for a luxury full-service building, which increased twice that to more than $2 million.
    • The median price of homes in the pending sales category decreased by about two percent in 2016 to $308,000, jumping 75 percent in February compared to 2015. This was the highest number of pending sales for that month since 2004.
    • Home values throughout the Boston area are forecast to increase by a percent and a half over 2017.
    • Home prices in Southie range from $230,000 to $1,950,000. For that, you can get a home anywhere from 450 square feet to 3,300 square feet.
    • South Boston condo prices average about $700,000, much more than its cousins Allston and East Boston, featuring condo prices at $422,000 and  $416,000 respectively.
    • South Boston has 13 schools, about half private and half public.
    • The unemployment rate in South Boston is 16 percent lower than the national average. The per capita income is about 60 percent higher than the national average.
    • Southie is home to 36,000 people at last count.
    • The average household income is $98,000.
    • The average price per square foot has increased to $656 up from $590 last year.
    • Median rent is $3000 per month.

     

    Facts on East Boston Real Estate

    Here are some of the more interesting facts and figures, relative to the East Boston real estate sector:

    • The average sale price of a single-family home in East Boston over the past year hovered between $380,000 and $580,000, with the low point coming in November of 2016, and the high point being in March of 2017.
    • For multiple-family dwellings, the average sale price was $770,000, with a high in May of 2017 and the low coming in December 2016
    • The average sale price for a condo in East Boston was $460,992, with an average price per square foot of $534.39
    • Single-family homes on the market in the past year spent an average of 95 days on the market before being sold, which is an average increase of 8 days per housing unit; condos which sold last year spent an average of 92 days on the market, and multi-family dwellings spent an average of 114 days on the market before being sold
    • Over the past year, there was a 10% increase in the number of real estate listings in East Boston

     

    Facts on Dorchester Real Estate

    In the Dorchester area of Boston, these facts and statistics are some of the more important and relevant ones:

    • Over the past year, the average sale price of a single-family dwelling in Dorchester was $432,500, with a price-per-square-foot of $305, and an average of 108 days on the market before being sold
    • For multi-family dwellings, the average sale price was $626,622, with a price-per-square-foot of $181.38, and an average time on the market of 158 days before being sold
    • Condos in the Dorchester area over the past year had an average selling price of $496,740, with a price-per-square-foot of $392.92, and an average of 81 days on the market
    • The trend for condos was generally very positive, with an increase of $17,498 in sale price, a $39 increase in price-per-square-foot, and a 37.5% increase in new listings
    • Trends for multi-family dwellings were somewhat less positive, with a decrease of $37,379 in average selling price, accompanied by a decrease of $20 per-square-foot in sale price
    • The selling price of single-family dwellings remained fairly stable, experiencing a modest $750 decrease over the prior year, and a $32 increase in the price-per-square-foot. Dorchester single-family dwellings sold last year were on the market an average of 5 days longer than the prior year.

    The experienced real estate agents at Home Town Brokerage can give you more insight into this burgeoning neighborhood. Give us a call today to inquire about listings or to setup a showing at 617-877-1479 or email us at info@htbrealty.com.

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      In-Depth Look: South Boston Real Estate

      South Boston Real Estate

      If you're looking for a new condo and have your eye on South Boston, you can't go wrong in 2018. An up and coming area of the city, South Boston is home to 35,000 people at last count, a densely populated area known simply as Southie. Deeply embedded with an Irish Catholic community and working-class ethic, this area is increasingly becoming a desirable one for many couples, singles, families, and professionals looking to put down roots. From the Revolutionary War site in Dorchester Heights to the many waterfront trails that permeate the edge of the city, South Boston is emerging as a real contender in the real estate arena. 

      Not only do residents enjoy the convenience of living in South Boston, close to the city proper, the eclectic selection of neighborhoods is home to a vibrant arts community with a large population of working artists. From local diners to fancy restaurants, South Boston has it all. The beaches are popular with all ages, especially the family-friendly one located at the Curley Community Center. With promises by Mayor Walsh to upgrade South Boston’s infrastructure over the coming years, you'll even see many street paving projects going on at any given time. Even Medal of Honor Park is receiving a multi-million dollar renovation, with renovations planned for many other area parks, says Boston.gov. Thus, the area is enjoying an unprecedented time of rejuvenation and regrowth designed to lure more families and professionals to its neighborhoods.

      Property Values

      South Boston's property values are now some of the highest in Boston. While prices vary greatly depending on the size, style and luxury level, as well as waterfront or not, condos in South Boston are typically spending less than 30 days on the market -- most less than a week. Offers must be made fast and they must be at or above asking in order to hope for an acceptance. Many people are even waiving the mortgage and inspection contingencies in order to get what they want.

      The real estate trend in the South Boston market is seeing a boost of $24,500, or four percent, in median home sales over the past year, with the average price per square foot rising $655, up from $615 previously. With the median home value in South Boston being about $646,000, it makes sense that values have shot up seven percent over the past year. A four percent rise in the next year is predicted. Amazingly, the price per square foot in South Boston is nearly $780, which is higher than the average in Boston of about $675. Even the rent prices are higher in South Boston at $3,000, compared with Boston at $2,650.

       It's evident that South Boston real estate is hopping right now. Get in on it now before the prices go up even higher! Call Home Town Brokerage today at 617-877-1479 or email us at info@htbrealty.com. We would be happy to show you our current listings for South Boston condos and homes.


       

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        Benefits of Living in South Boston

        Mix a wealth of history and tradition with an urban eclectic feel and you get South Boston. ‘Southie’ as the locals affectionately call it, is a desirable residential neighborhood and a treasure in its own right. Here’s why…

        Tucked away to the south and east of the Fort Point Channel and abutting Dorchester Bay, South Boston features a vibrant arts community that is sure to please. Fort Point is an area that was once filled with warehouses, but currently is home to an abundance of art studios occupied by the city’s greatest creative minds focusing on individual art, community arts projects, and collectives. When you travel further in to the waterfront, you’ll find the distinct cube-shaped building of ICA Boston, a home for cultural events and free concerts.

        In addition to the arts community, South Boston also touts a rich history. It was right here in Dorchester Heights, now a national park, where George Washington’s army set up a cannon to force the British out of Boston in 1776.  Additionally, Edgar Allan Poe was stationed at Castle Island for five months in 1827 and was inspired to write The Cask of Amontillado based on an early Castle Island legend.

        Once a predominantly Irish Catholic neighborhood, Southie now attracts many types of people from families to young adults.  South Boston’s newest developments of hotels, restaurants, and shopping surround the Boston Convention & Exhibition Center (BCEC) making it a very lively area day and night.

        The magic of South Boston attracts more than just young adults and families. Leprechauns and revelers are attracted to the area every year for the famed St. Patrick’s Day Parade. Film crews have even flocked to the area for productions such as The Departed and Good Will Hunting to partake of the beauty South Boston exudes.

        Southie has historically been a staple in Boston and will continue to be a major part of Boston’s neighborhood network in the future. Ongoing renovations to the area will go on to provide appeal such as street repaving, recently replaced traffic island that was nearly dilapidated, and park remodeling. For example, Medal of Honor Park has recently undergone a multi-million dollar renovation including new walkways, and a new playground and splash pad for nearby families to enjoy.

        Did we mention the waterfront?  Historically this area was a marshland, however, at the turn of the 20th century, the South Boston Waterfront has seen a burst of redevelopment to include residential spaces, modern offices, hotels, retail space and restaurants.   

        Last but not least, South Boston can enjoy its proximity to Downtown Boston. Easily accessible public transportation lends a quick commute of only 15 minutes making this neighborhood a hot area for those working and doing business in downtown.  

         

        Community Centers located throughout the area offer a wealth of family centered programs, volunteer opportunities, coordination with the arts community and many other activities for local residents.  


        We are proud to feature South Boston as our primary territory and we’re always eager to learn about what’s going on in our community. Make South Boston your home today by contacting us.

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          South Boston Properties: 39 & 45 A Street

          South Boston is on a roll. The latest luxury properties we're highlighting are 39 and 45 A Street. Featuring everything from private porches and roof decks to top of the line kitchens and custom walk-in closets, you will be impressed by the addition of two more luxury condo properties in South Boston. Check out the features of each of these up and coming properties.

          39 A Street

          This is a new luxury development in Boston's historic South Boston, featuring 23 high-end condos with 30 parking spaces for residents. The units range in size from studios to two bedrooms. The interiors are gorgeous, but one of the other top selling points is how centrally located it is. In fact, 39 A Street is just a block from the Broadway MBTA Red Line station. Several of these condos boast private porches for the ultimate in relaxation and privacy. Penthouse units feature exclusive roof decks for taking in the beautiful surroundings of the city. With five stories and 23 units, these luxury condos are slated for completion this spring.

          This sought-after residential building features custom-designed Italian kitchens with high-end energy-efficient appliances, hardwood flooring, huge closets, smart home systems, an in-unit washer and dryer, central AC and wheelchair access. Amenities shared by occupants of the building include elevators, bicycle racks, on-site maintenance available, package pickup, recycling and communal roof deck with views of the Boston skyline.

          The icing on the cake is a heated 30-car parking garage. Located just off West Broadway, this area is teeming with popular restaurants and shops, steps from the Broadway MBTA Red Line station. It's just a short jaunt to the South End, the Seaport District, and Downtown Boston. Prices start at $550K and go up to $1.8M.

          45 A Street

          On the same street is a four-unit luxury condo at 45 A Street.  Completed in 2013 resale of units has gone as high as $1,525,00 for a penthouse unit in 2016. Currently, unit 2 is offered at $1,299,999 with 1580 square feet and one car garage. Sleek, modern kitchens, featuring white and gray color schemes offer clean living within a contemporary space. State of the art stainless steel appliances, drop lighting and beautiful backsplashes complete the look of these expertly designed LEICHT kitchens. Enjoy the use of top-of-the-line Thermador appliances, Quartz countertops, and custom cabinetry.

          This expansive floor-through open concept unit offers two-bedroom, two-bath luxury living. Enjoy being bathed in direct light streaming through the large windows throughout the unit. A spacious living room area provides plenty of room for the entertainment of guests, thanks to stunning built-in 48-inch gas fireplaces topped with natural stone mantles. High ceilings, built-in audio, and recessed lighting all abound throughout the unit. The master bedroom offers a walk-in closet and spa-inspired master ensuite with rain-fall shower and double vanity. Communal features include direct elevator access to each unit, private outdoor space, garage parking, Navien condensing tankless water heaters, and multi-purpose area.

          To schedule private showings at either 39 or 45 A Street, contact Home Town Brokerage at 617-877-1479 or email us at info@htbrealty.com.

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            How to Improve the Value of Your South Boston Home

            How to Improve the Value of Your South Boston Home

            If you're looking to sell your South Boston home in the near future but don't know where to start, it's often helpful to get an idea of how much your property is worth as a jumping-off point. This figure can help you decide what you may sell your home for, how much home you can afford to move to, and what improvements you can make to boost that dollar figure. The higher the value of your home, the more you can ask for it when you do decide to sell.

            Improving the value has to start early, though, and it often takes some time to get the changes implemented that will show results. The first step is knowing how much your home is worth in today's market. Luckily, Home Town Brokerage offers a free comparative market analysis, which is a report that helps you determine how much your home is worth in the current market. The home value estimator bases its results on similar recently-sold properties, under-contract properties and properties for sale. So, if you are thinking about selling your home, our team can guide you from start to finish. It all starts with your address.

            Knowing what your home is worth is half the battle. Keep in mind you will have to shell out thousands, sometimes tens of thousands for real estate agent fees and closing costs, so the ticket price on your home isn't necessarily what you will pocket. According to Boston.com, Boston ranks as the sixth most expensive place in the country to sell a home, with sellers paying out an average of $34,000 in real estate agency fees and closing costs. Therefore, boosting the value of your home as much as possible will only benefit you in the end. There are also optional expenditures to consider as well.

            Because we are immersed in a hot seller's market right now, homeowners must plan things out well before listing their property. From de-cluttering to staging to pre-inspections, agents and homeowners often spend weeks or even months prepping a home before placing it on the market. Making the right improvements now will help you out later. Here are some tips to help your home sell faster and at a higher price point.

            Fresh Coat of Paint

            Most sellers think this one is too subtle to make much difference, assuming that only obvious, high-end improvements will do. They also may assume that a bright white throughout the home will suffice in all rooms. However, if you neglect a new coat of paint or go too uniform and safe with white, you are missing an opportunity to become more emotionally evocative and obtain a higher sale price. Consumer Reports says sellers can see a gain of more than $1,000 just by painting their kitchens a warm, neutral yellow like wheat. Why? These colors boost the happiness factor. For bedrooms, go with soothing colors like light and mint green. Stay away from colors that turn people off, such as dark brown bathrooms or bright orange living rooms.

            Kitchen Update

            It seems life is centered around eating and entertaining, which is why an updated kitchen is so important to buyers. Got a dated kitchen? Consider getting new cabinet faces (white Shaker is popular now), new flooring (think hardwood in wide planks), appliances (stainless steel is out and colors are back in), and smart connectivity (think smart thermostats and home security systems). Such systems can be controlled by smart phones, an added convenience to busy professionals, families and couples looking to save time and money on their energy bills. Adding a security and video system isn't too invasive, either. Many models can be installed in seconds, with no pre-wiring or drilling. You can wire some door and window sensors, wall-mount some glass break sensors and set up cameras in the main areas. Do all or pick one.

            Adding Storage

            It's no secret that South Boston yards are tight on space. But to add extra storage appeal to a small yard, consider putting in a sturdy shed to expand the available space. This can be used to store lawn mowers, tools, sports equipment, bikes and more. Sheds are versatile and they don't cost nearly as much as a permanent addition. Add a window and it can be used for a work or craft room. These unique extra spaces are appreciated by discriminating buyers who want more for their money -- especially in an expensive community like South Boston.

            Curb Appeal

            The first thing buyers see when they pull up to the curb is your front yard and landscaping. Overgrown shrubbery and dried out lawns signal neglect, and buyers may not give you a second look let alone pay you what you want for the house. It doesn't take much to refresh the mulch, add some vibrant flowers, paint the mailbox and add some potted plants to the porch. Even painting the porch and shutters can boost the perceived value of your home because it's aesthetically appealing. While you're at it, inspect the roof and replace any missing shingles.

            Interested in selling your home in South Boston? Check out Home Town Brokerage's home value estimator that acts as a free comparative market analysis. The first step is determining how much your home is worth in the current market. Contact us today at 617-877-1479 or email us at info@htbrealty.com.

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              How to Find The Perfect Home in South Boston

              House hunting is a very personal, intimate process for home buyers. We have helped countless people buy homes in our neck of the woods, and we can absolutely say that it is one of the most challenging yet rewarding experiences in life. Incidentally, each city and neighborhood has its own set of unique challenges and rewards. Take South Boston, for example. There are a lot of unique things to consider when buying a home in South Boston. South Boston has undergone a tremendous change in the past 20 years. With new construction, city-sponsored revitalization projects, and migration, the landscape of South Boston looks quite different than it looked 20 years ago. With these changes come new inventory and sweeping trends in the South Boston housing market.  As we dig deeper into these factors we’ll show you exactly how to find the perfect home in South Boston.

              How Much House Can You Afford?

              The first step in finding the perfect home in South Boston or any neighborhood for that matter is determining your budget. We stress that our clients go into the home buying process with the ability to make sound financial decisions as it relates to their buying power. Knowing what your limits are can help you identify homes that fit within your individual comfort level and needs. The average price of a home in South Boston currently sits between $700,000 and $800,000. That’s not to say you can’t find something cheaper. It just gives you an idea of what to expect when looking for a home in South Boston. Take a look at our mortgage calculator, to get an estimate of what your monthly mortgage payments will be by plugging in a few numbers. This will give you a rough idea of what your monthly payments might be, based on the list price of a house.

              Do you Know the Lay of the Land?

              The other thing to note about buying a home in South Boston is knowing the general area, who lives here, and what’s so great about the area. Once a predominantly Irish Catholic neighborhood, but now home to young professionals and families, South Boston has the perfect combo of character and luxury.  South Boston, affectionately known by us locals as Southie, is a densely populated neighborhood full of history and tradition. From the panoramic views of Pleasure Bay to the new vibrant scene of bustling hotels, restaurants, and local shops, Southie has become a highly sought after neighborhood attracting diversity, business, and flare.

              Additionally, this area has caught the eye of condominium developers, which significantly increases the available inventory in Southie. There are a number of new construction condo projects such as 150 West Broadway, 527 East Broadway, and 11 on the Dot, to name a few, currently under development in South Boston. This trend of luxury condos and mixed-use work-live spaces is sweeping the nation, of which South Boston is at the forefront.

              How Quickly Can You Act?

              Although, new construction condos have significantly increased inventory in the market, homes in the South Boston neighborhood are going fast. The average number of days on the market for currently listed homes in South Boston is under two months. We recommend having a knowledgeable agent to help keep a pulse on trends and current inventory so that you’ll be notified of new homes matching your unique tastes. It’s important to have an idea of what you want as well.

              What does South Boston offer?

              In addition to luxury condos, converted condos, and new construction, Southie also has a large selection of older traditional homes as well. The ever-evolving and trendy west side of South Boston, for example, consists of traditional triple-decker style homes with an average of 1800 square feet, large bedrooms, and sizable living spaces. As we mentioned earlier, Southie is a wealth of history and the homes are here to prove it.

              South Boston is full of variety and continues to grow. If current trends are any indication of what’s to come in the future, the Southie neighborhood will be quite the scene! And we’ll be here for every bit of it. If you’re interested in buying a home in South Boston, we can help. Get in touch with one of our agents to set up a few showings. We’ll educate you on all there is to know about this amazing neighborhood and get you into your dream home.

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                Top 2018 Housing Market Trends in South Boston

                Top 2018 Housing Market Trends in South Boston

                South Boston is quickly becoming a destination for young professionals, families, and entrepreneurs. The area affectionately called Southie has been trending for a while now and has gained quite a bit of traction since some recent add-ons and new developments.

                 

                The neighborhood of South Boston, once a predominantly Irish Catholic neighborhood, but now home to young professionals and families, is a hotbed for history, tradition, and new developments. This area known as Southie is neighbored by Fort Point Channel and abuts Dorchester Bay. Southie features panoramic views of Pleasure Bay and is attracting a migration of many different people due to the number of amenities in the neighborhood as well as the proximity to the rest of the city. Numerous revitalization efforts have been underway including a bustling restaurant scene, hotels, retail shops, and new construction.  There are also several popular beaches in Southie as well as waterfront parks for outdoor activities and organic markets.

                 

                As Realtors in the area, we’ve seen some interesting trends going on in the housing market here in South Boston. You’ll be surprised at what you can find here as a buyer, but you’ll also learn that you will have to act fast. Things change quickly in South Boston.

                 

                Properties don’t remain on the market for too long. Therefore, it’s important to be clear on what you want and how much house you can afford if you’re buying. Currently, South Boston is a sellers’ market. If you’re selling, it’s still not easy.  Because the market turns so quickly, you might end up with lots of offers that you’ll have to sift through in order to find the right buyers.

                 

                Looking at home values in South Boston, the median value is $690,800, that’s a 3.8% increase since last year and values are consistently rising over the course of the last 5 years. Why are home values rising? South Boston is under heavy development. More and more people are moving to the area for its strategic location to downtown as well as the new luxury construction currently being developed. If we take a look at the median price of homes currently listed in South Boston, we see that the value is $899,000 a striking increase from the current median value of homes. However, among homes that have recently sold, the median price was $648,100. Good news for buyers!

                 

                Based on these trends, we can see that there’s a bit of wiggle room for buyers to get a home in South Boston at a fair price based on current market value. However, over time values, listing prices, and sold prices show that this may not be the case long term.


                For information on homes in South Boston contact us. We can help you get your real estate needs met, whether you’re selling, buying, or investing. We have educational and professional backgrounds in every aspect of real estate and beyond. Get in touch and find out how we can help.

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                  5 Reasons Why You Should Use a Home Town Brokerage to Buy Your Next Home

                  Home Town Brokerage is a group of realtors in Boston committed to providing excellent real estate services to our fellow resident's selling, buying, or investing in the Boston area. Just what the name implies, we are Boston grown and very proud of our commitment to the continued growth of Boston. Our work is about more than just real estate transactions, it’s about creating and promoting a networked community of professionals, families, artists, and businesses that we can all be proud of. If you’re looking to buy, sell, or invest in Boston, here’s why you should work with Home Town Brokerage.

                  We Offer Extensive Knowledge of Boston Neighborhoods

                  Just a quick look on our website will demonstrate that we know the importance of location and that every neighborhood is not for everybody. Each of our clients has special preferences, requirements, and desires that act as identifiers to determine which neighborhood will better suit them. That’s why it’s important that realtors have a deep knowledge and understanding of their local neighborhoods, architectural features, and history. We are focused on keeping our pulse on happenings and hot button issues in each Boston neighborhood in order to provide our clients with first-hand knowledge of the ins and outs of Boston. Whether you want a luxury condo with waterfront views in Boston’s Seaport District or a Victorian Style home in Boston’s South End, you can trust in our knowledge to direct you to areas most suitable for you.

                  Our Experience is Unparallelled

                  Home Town Brokerage's collective resume in real estate shows just how our experience sets us above the competition. Our Senior Agent, Guy Assetta has over 17 years of experience in the custom home building and remodeling industry. His knowledge and involvement in the real estate industry qualifies him as the perfect person to guide you through the home buying process. Our team’s varying backgrounds around the real estate industry bring about a well-rounded approach to servicing our customers. For example, our Real Estate Agent, Peter Joseph Ascenzo, started with a personal interest in exploring different Boston neighborhoods and communities which eventually turned into a focus on real estate. Peter began his career in real estate as a property manager and later on as an investor. Now with 10 years of experience under his belt, he has a hands-on knowledge to not only understand what it’s like from a buyer’s or seller’s perspective but also how to develop strategic partnerships and relationships within the real estate business community that would bring value to his clients. Many of our agents share similar stories of interest and experience that bring a wealth of knowledge and expertise to our business.

                  We Provide Expertise

                  Home Town Brokerage's team of Boston real estate agents is unparalleled in expertise and commitment to serving buyer and sellers in the area. Our collective backgrounds in all things real estate present the perfect mix of education, knowledge, and experience that can help us provide the best most thorough real estate service available to our clients. We know how to sell and buy real estate because we do it ourselves! In fact, Home Town Brokerage was birthed out of a series of personal endeavors. Check out Assetta’s personal account of real estate investment success…

                  Early in my career, I bought my first 3-family in South Boston which I then converted into the highest quality and highest priced per square footage condominiums in the area. Over the next few years, I successfully remodeled and converted several more buildings into condominiums. In 2009, Ryan Sullivan and I decided to begin a new endeavor – Home Town Brokerage. Originally we founded Home Town Brokerage to market and sell our own projects; however, Home Town Brokerage has quickly grown and is now my only focus.”

                  - Guy Assetta, Home Town Brokerage, Senior Agent

                  We Provide Focused, Individualized, and Driven Service

                  At Home Town Brokerage we have discovered a real need for buyers to have guidance in finding a new home. Our team at Home Town Brokerage helps to provide a seamless transition from selling your greatest asset (your current home) and investing in your new home, new neighborhood and new community. We listen to our client's needs and our services are customized to each individual client.

                  We’re Boston Homegrown

                  Our agents work, live, and play Boston. We each have laid down roots here in Boston in some way. Because of our commitment to the Boston community, we have a much deeper understanding of not only the home inventory, but schools, churches, businesses, and even demographics and other statistics. It’s not just about the real estate for us. It’s about the community.

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                    6 Questions You MUST Ask Before Buying a Home

                    Buying a home is no easy task. As Real Estate professionals we’ve seen our fair share of all aspects of the home buying process from the perspective of a buyer, seller, an agent, and an investor. We’ve learned many lessons along the way. As seasoned professionals, we’ve come to understand that in real estate as well as in any other business, it’s very important to arm yourself with knowledge and to ask the right questions.

                     

                    Home buying has many facets. One of the most important factors in your home buying success is whether or not you are actually ready to buy. There are many people who pursue buying a home without being prepared. Unfortunately, they set themselves up for disappointment down the road when they find out they might have to wait longer than they expected for an unexpected reason. One of the ways that you can begin to plan for purchasing a new home is to ask yourself these six critical questions, and then to react to whatever the answers are to those questions.

                    Can I afford the payment?

                    The first question you must ask yourself is whether you can actually afford to buy a home. If so, how much house can you afford? Looking at homes can be very exciting, but finding out you can’t afford the house you’ve set your sights on or worse, getting into a home where the mortgage is financially overwhelming can diminish your quality of life. That’s why it’s more beneficial to find out ahead of time what is in your budget or if buying a home is in your budget at all.

                     

                    There are two fairly prevalent guidelines for determining how much you can afford to pay when purchasing a home. The first of these guidelines recommend that you spend approximately twice your annual income on a home, while the other recommends that you don't exceed 30% of your total monthly income on a home purchase. Of course, the second of these two guidelines will require that you calculate your mortgage payment so that you'll know how that figure stacks up against your monthly income.

                     

                    There are many factors to consider when determining if a particular home is in your budget and it’s not just looking at the asking price. There’s interest, mortgage insurance, taxes, and other elements that factor into a mortgage payment as well. Feel free to use our mortgage calculator to get an estimate of what your mortgage might be for a particular home.  Keep in mind that you will have to pay taxes on the new property, and these can be calculated by researching the property tax information for the county where the house is situated. You'll have to add in a homeowners insurance to the total, and your real estate agent should be able to give you a ballpark figure on that. Once you've subtracted your down payment from the cost of the home, you should be able to calculate your monthly mortgage after applying the interest rate on your bank loan. When you have an approximate monthly figure for your mortgage payment, you should make sure that that figure does not exceed 30% of your total monthly income.

                     

                    Can I live here for the next 5-10 years?

                    Buying a home is an extremely large purchase. It’s possibly one of the biggest transactions you’ll make in a lifetime. So making sure you get the right one is a top priority. Additionally, real estate is a long-term investment. Markets change. Prices go up and down. You never know what the market will do, and the last thing you want is to end up in a home or in an area you don’t really like and find out your home is worth less than what you paid for it. Being able to commit to a home long-term is the best case scenario.

                    Does the home fit my requirements?

                    The perfect home is one that best meets your requirements. In fact, before you even start looking for a home, it’s wise to put together a list of what you’re looking for in a home. That way decision making will be a lot easier. If you’re buying with a spouse, it’s best to sit down together and come up with all the things you want in a home. When you find a home that fits your budget, make sure it also fits your preferences. Your preferences are important too!

                     

                    The best approach to determining kind of home that you really want when you are researching South Boston homes is to make two lists, one of them being a must-have list, and the other being a nice-to-have list. On the must-have list, you should determine whether you're looking for an actual house, a condo, a duplex, an apartment, or something else. Whatever dwelling you choose should fit your current lifestyle, and the lifestyle you anticipate for the next several years.

                     

                    You should also consider the kind of neighborhood you want your dwelling to be in, and the proximity of essential services such as groceries, schools, workplace, entertainment, and possibly sports centers. You should be aware of the crime rate in any neighborhood you're considering, and what the cultural life is like in the area. Generally speaking, you should limit the must-have list to essentials, and allow the nice-to-have list to grow a little longer. This will be a good guide to test each potential candidate against when you start house shopping.

                    What kind of maintenance or additional work will it need?

                    We mentioned earlier in this post about making sure you can afford the home. The other side to that coin is making sure you can afford any potential repairs or updating the home might need in order for you to move in. Additionally, there are other maintenance costs you could potentially inherit with the house such as lawn care, homeowners’ association fees, home insurances, pesticide treatments, etc. Can you afford these additional costs? Are you able to facilitate any needed repairs? It’s extremely important to be well prepared when it comes to this aspect of the home buying process in order to avoid being blindsided.

                    Am I ready to make the purchase?

                    One of the biggest factors in answering this question is what your credit score is, and how much debt you are currently carrying. If you have too much debt at the moment, it would be advisable to take six months and pay off some of that debt load before proceeding with your home purchase. Another factor in your preparedness is how much of a down payment you could put on the house, and this can be very significant because it will influence how much you have to borrow to finance your purchase.  When you feel that you are in pretty good shape for purchasing a home, you should ask a loan officer to pre-approve you for a loan amount which you can actually afford. This will give you the confidence to know that you are ready to purchase a home, at least in the price range specified by the pre-approval.

                    How can I make the most effective bid?

                    For this part of the process, the services and experience of a real estate agent can be invaluable. Agents will be aware of bids on homes in the neighborhood where your prospective house is located, and they will know which bids were successful and which ones weren't. An agent will also help you avoid making a bid that's too low, or offering way too much on a specific property. If it turns out that your bid is ultimately rejected, a good real estate agent can keep you in the game, and help you prepare for the next bid.

                     

                    If you are ready to purchase a home, it’s time to contact your realtor! We’d love to help you with your next purchase. Contact Home Town Brokerage today and let’s get you in your dream home.



                     

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