BLOG: Buying a Home in Today’s Low-Inventory Real Estate Market

We’re seeing it over and over again in Greater Boston and beyond, a well qualified home buyer getting beat out in a multiple offer situation. Unfortunately this has become more commonplace in today’s inventory-lacking market. Rates are still low and people are not trading up or trading down, still recouping lost value from the market crash which is causing a lot of frustration for buyers. Utilizing specific language or waiving certain customary clauses in your offer may drastically increase your chances of having your offer accepted. Here’s a few pointers to at least take into consideration.

See Inside Watertown’s Newest Apartment Complex

The Watertown Mews apartment complex have risen quickly on Pleasant Street, and residents have started to move into the complex across from Russo’s market. Even while construction continues on the second building, the first building already has its first residents, said Trenda Wallace, property manager at Watertown Mews. The complex was built next to the Repton Place condominium complex, but units at Watertown Mews will be rented. Originally the land was to be used for an addition to the Repton Place complex, but it was sold. The two complexes share an entrance.