“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: Investors dumping condominium units New Four Seasons – no takers, bad omen for new developments 288 Commonwealth Ave, PH – It’s not the broker, it’s the price 315 Commonwealth – $9.0 million shell, we see value – Well Bought …
Blog Posts
The Illusion of Fiduciary Duty in Real Estate 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 …
“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: Beacon Hill single family market comes to life 110 Stuart St. – Taking losses at the “W” 10 Otis Place, unit 4B – Outstanding flat of the Hill property 10 Walnut St., unit 3 – $6.2 million duplex – …
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 …
“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: Real estate sales data – Garbage in, Garbage out 157 Beacon St., unit 2 – Death by 1,000 cuts 20 Chestnut St., unit 1 – Price cut, $2,000+/sf for basement living? Millennium Place, unit 1202 – Seller takes a …
“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: South End bidding wars 771 Harrison Ave – Developer offers big sales incentives, buyer beware 33 Mt Vernon St., unit 1 – Price cut, attractive valuation 112 West Concord St., unit 1 – No winners in a bidding war …
“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: Brisk sales in the Seaport 117 Beacon St., $9.25 million triplex, 20% discount – Well Sold 6 West Cedar St. – Solid Beacon Hill single family, needs everything – Well Sold 41 Mt. Vernon St., unit 1B – 9.5% …
(It’s Not Just the Seaport) As the supply demand dynamic for urban residential real estate continues to be disrupted by Covid-19, we take comfort that medical experts agree that the pandemic will eventually pass and life will start to get back to normal. While it remains to be seen if consumers will quickly re-embrace urban living in the post-pandemic world, the downtown Boston market will be grappling with a threat that may have longer lasting repercussions – the great building …
“The 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: Urban vs Green Acres 771 Harrison Ave. (The Cosmopolitan) – Huge price cuts 175 Beacon St. – Single family white elephant moves, $11.75 million – Well Bought 2 Commonwealth Ave., unit 11C – Gets a quick contract 75 Beacon St., …
Real Estate Fiduciary Services BOSTON – Buying and selling real estate can be tricky business. In Massachusetts, real estate sales agents routinely represent both the buyer and seller in the same transaction, a practice known as dual agency. According to real estate broker Andrew Haigney, “In a dual agency situation, the “double agent” is relieved of the fiduciary duty they may have owed one of the parties, and even better, the agent typically gets double the compensation.” Haigney calls these …
There is an unspoken code in the real estate sales community – keep your opinions to yourself. It makes no difference if a property is a total disaster or insanely overpriced, the party line is that everything is wonderful. We call these sales people “the cheerleaders.” …
