“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
Big name real estate brokers and others are accused of ripping off consumers in a class action lawsuit
Sticker shock best describes peoples’ reactions to the commission rates charged by real estate brokers. For all of the gimmicky talk from major real estate firms about their amazing proprietary technology platforms, why aren’t consumers benefiting in the form of lower fees and better service?
These questions apparently got the attention of a Hartford-based law firm which last week filed a class action lawsuit in Massachusetts federal court. The named defendants in the case include MLS Information Network “MLS” (which services much of Massachusetts), Realogy Holdings (the parent company of Sotheby’s International Realty, Coldwell Banker, Century 21, and others), HomeServices of America, RE/MAX, and Keller Williams.
“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
Early in my real estate career, I had a client who was looking to buy a Beacon Hill home. We looked seriously at a relatively expensive property that was being offered by the firm that I was then affiliated with. After some due diligence, I uncovered a litany of fairly serious compliance problems with the property. I brought the issues to the attention of the office manager and I was shocked when he scolded me, stating that “your job is to open the door and turn on the lights, you’re not getting paid to think.”
When I pressed the manager, explaining that we had a obligation to disclose these known defects, he staunchly disagreed insisting that any controversy down the road would be between the seller and the buyer. Walking away, I thought to myself, “these guys make the old Wall Street bucket shops look like saints.”
“The Batterymarch Insider” is a brief snapshot of our current market thinking and some highlights of what we see going on in the downtown Boston market. As always, our “terms of use” apply. We encourage you to subscribe.
In this issue:
What’s Catching Our Eye
This report is part of a series looking at days on market and how this data influences buying and selling decisions. As always, our “terms of use” apply.
The number of days a property sits on the market, days on market (DOM), is the ultimate valuation test for a property and more broadly it’s a component of overall market health. When the DOM start to rack up, there is often a perception in the market place that there is something wrong with that particular property. This drives some sales agents to step over what we see as an ethical boundary and manipulate DOM data.
