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Time to sell your house?

The market is hot, prices are rising, and inventory is low

Created date

July 31st, 2017
With Lynne Ford’s (right) assistance, Gini Pomeroy (left) sold her Hingham, Mass., house in two days.

With Lynne Ford’s (right) assistance, Gini Pomeroy (left) sold her Hingham, Mass., house in two days.

If you’ve decided 2017 is the year you want to sell your house, you have excellent timing. Housing markets around the country have been steadily on the rise for the last several years, and recent data is particularly encouraging for sellers.

A recent survey by online brokerage found that buyers are clamoring for properties, with more than half of them saying they would be willing to go beyond their budget to buy a home. In fact, prospective buyers say they’d exceed their budget by an average of $37,809. 

That’s all great news for home sellers, who can expect quick sales, multiple offers, and maybe even a bidding war. 

Competitive market

The most recent statistics from the National Association of Realtors (NAR) indicate the median number of days on market hit a new low of 29 earlier this year. Meanwhile, the median home price nationwide was up 6% compared to 2016. 

According to a statement by Lawrence Yun, chief economist for NAR, “Homes in the lower- and mid-market price range are hard to find in most markets, and when one is listed for sale, interest is immediate and multiple offers are nudging the eventual sales prices higher.”  

These national trends are playing out in the Massachusetts real estate market, where buyers are willing to compete for properties. That’s been good news for area retirees who have put their houses on the market in anticipation of moving to Linden Ponds, an Erickson Living community in Hingham. 

In fact, Linden Ponds Personal Moving Consultant Lynne Ford says many incoming residents have gotten multiple offers on their houses and condos, and several have sold in less than one week. 

“The market is hot right now,” Ford says. 

Your exclusive moving resource

Those incoming Linden Ponds community members have an additional advantage when selling their properties. They have access to Erickson Realty and Moving Services, a special program that offers complimentary coordination of all realty and moving needs, including downsizing, home staging, packing, and selection of a real estate professional. 

Ford works directly with people moving to Linden Ponds. She visits their houses and connects them with trusted real estate agents who are familiar with, and have successfully sold, homes in their neighborhoods. She also assists with things like home staging, downsizing, packing plans, and hiring movers, as well as decorating and arranging furniture in residents’ new homes at Linden Ponds.

Ford recently helped retired Boston Public School teacher Judith Gregory sell her Brookline condo in Coolidge Corner. Judith got 14 offers on her condo and sold it for $50,000 over asking price in just six days.

“Lynne provided an invaluable amount of assistance pre, during, and post move-in to Linden Ponds,” Judith says. “Lynne could eyeball what I had and would assure me everything would fit, and it did. Erickson Realty and Moving Services program was a huge help to me, and Lynne is a consummate professional and a wonderful asset to Linden Ponds.”

Gini Pomeroy sold her Hingham house in just two days. In preparation for Gini’s move to Linden Ponds, Ford helped her create a floor plan to decide where all her furniture would go in her new apartment home.

“Lynne has not only been wonderful to work with, but she has made the moving process a lot of fun. She listens to your concerns and knows what you want and what you don’t want,” Gini says. “We have spent so much time together laughing and having a great time. Lynne really makes it a great experience.”

Not only is the real estate market currently favoring sellers, but Linden Ponds is in the process of adding its ninth residence building, making it the perfect time to move to the community. To be named Willard Square, the new seven-story building is expected to open in 2018 and will add 104 new independent living apartment homes to Linden Ponds’ 108-acre campus.   

“Along with new, open apartment floor plans, Willard Square will also feature additional common area spaces to accommodate the growing number of activities and clubs,” Ford says.