Spring 2016 Real Estate Market - Boots on the Ground? (Boston: buyer, professionals)

[BostonMike7]

Originally Posted by robr2

Geez I hope someone who has been in a starter home for only 3-6 years isn't burying a parent!! I've been in may starter home now updated home for over 22 years and my parents are still alive and kicking!!

Maybe my example is a little off, but my point was the passing of parents and selling of their paid off homes usually gives the surviving children an opportunity to upgrade their home by now having a larger down payment due to this inherited money, and hopefully some positive equity growth in their current home they have been in for x number of years.


I know I personally know of at least 3 families who did such a thing after the passing of a parent. Usually it was due to needing more space due to the kids being teenagers.

[Homegrown in Mass]

Here in Central Mass it is definitely a SELLERS market due to low inventory.

[robr2]

Originally Posted by BostonMike7

Maybe my example is a little off, but my point was the passing of parents and selling of their paid off homes usually gives the surviving children an opportunity to upgrade their home by now having a larger down payment due to this inherited money, and hopefully some positive equity growth in their current home they have been in for x number of years.


I know I personally know of at least 3 families who did such a thing after the passing of a parent. Usually it was due to needing more space due to the kids being teenagers.

I understand. My point was that it would be unfortunate for someone who has been in a starter home for only 3-6 years (age 30-40 I presume) to lose both parents who I would presume to be 55-70 years of age. I bought my house 1 week before my 30th birthday and my parents were in the late 50's.

I figure when my parents go, I'll be using any money from their retirement home (they already sold the big house) to pay off my kid's education.

[BostonMike7]

Originally Posted by robr2

I understand. My point was that it would be unfortunate for someone who has been in a starter home for only 3-6 years (age 30-40 I presume) to lose both parents who I would presume to be 55-70 years of age. I bought my house 1 week before my 30th birthday and my parents were in the late 50's.

True. That's a rather unfortunate set of circumstances for anyone to be in.


I did not have kids til mid 30's, so by the time my children hit the 40ish age, i'll be in my mid 70's. Hopefully I'm still around by then.

[sal1181]

Originally Posted by 00na

When my grandfather passed away, we had realtors calling his house phone on the day of his funeral asking us when we planned to sell the house. It was so utterly disgusting.

That's awful! I stay away from making those types of calls. I just don't think they are appropriate.

[MikePRU]

Originally Posted by BostonMike7

Another reason why I would up leaning on redfin a lot during my home search. I had daily email updates from my realtors MLS listings, but downloaded all the real estate apps to aid my search. In the end, Redfin was the only one that stayed.


It updated the quickest, had all the info the MLS listing had, and had a lot of useful info (at least to me) that the others didn't.


In the end, I found my home via a Redfin push alert that came up on my phone.

A lot of my clients like to use the Redfin site and app. It's definitely better than Zillow and better than my RE brokerage and agent sites. Too many agents/brokerages still think we're in the business of hording information. Still, my clients who use the Redfin site come to me when they see a property they like. The site is great, the agents are another story . . .

Originally Posted by 00na

When my grandfather passed away, we had realtors calling his house phone on the day of his funeral asking us when we planned to sell the house. It was so utterly disgusting.

That's disgusting. These are the kind of people who give our industry a bad name.

[Homegrown in Mass]

Their actions speak volumes on how they conduct business.

[00na]

Originally Posted by Homegrown in Mass

Their actions speak volumes on how they conduct business.

It certainly did. We took the contact information of everyone that called and put them on a blacklist.

[MikePRU]

Originally Posted by 00na

It certainly did. We took the contact information of everyone that called and put them on a blacklist.

I hope you shared the list with everyone you know.

This kind of behavior is completely unacceptable.

[thomas_quinn]

I worked a open house last weekend and we had 20 groups of people show up house was undercontract in 4 days. This was out in Douglas.