Newton: 5 Tips for Buying in a Seller's Market
September 13, 2023By Maggie Li
Newton: 5 Tips for Buying in a Seller's Market
It's no secret that Newton is a perennial seller's market. To get the keys, you need a plan that goes beyond just 'offering more money.'
The Buyer's Playbook
- Pre-Approval is Baseline: You need a local lender who can pick up the phone when the listing agent calls.
- Look for 'Stale' Listings: If a home has been on the market for 21+ days in Newton, there's an opportunity to negotiate.
- Flexible Closing: Offer the seller a 'Use and Occupancy' agreement if they need more time to find their next home.
- The Inspection Limit: Use a 'Repair Threshold' (e.g., $10k) to show you won't nickel-and-dime the seller.
- Work with an Insider: Many Newton deals happen off-market.
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