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Right-sizing your American Dream: An extra bedroom or 1/3rd off the price?

On Saturday, one of the Real Estate Cafe’s new clients, a five-person household (husband, wife and three kids under 11) seriously considered making an offer on a two-bedroom condo in Cambridge. When I shared this experience with my adult daughter

Posted in Buyer agent, Defensive Homebuying, Luxury buyer agent, Luxury homes, Price reductions, Proactive househunting, Savings & Rebates

Will “Last Hurrah” cause homebuyers to be “Haunted by the Housing Market?”

  In 2002, there were early indications of a housing bubble so the Real Estate Cafe prepared the slide show above —Haunted by the Housing Market — to document why we believed housing had reached a tipping point.  Seems some heavy

Posted in Bubble Hour, Buyer agent, Defensive Homebuying, Housing bubble, Housing forecasts, Luxury buyer agent, Million Dollar Markdowns, Price trends, Savings & Rebates, Seasonality

Mixed signals: Million dollar teardowns back but luxury listings up?

Trying to make sense of the luxury housing market in Massachusetts?  So are we.  Luxury condo towers are being reborn in downtown Boston, and million dollar teardowns — not seen since the Dot.com bubble created millions in paper wealth —

Posted in Bidding wars, Bubble Hour, Buyer agent, Housing bubble, Luxury buyer agent, Luxury homes, Million Dollar Markdowns, Real Estate Bubble, Timing the market

What’s really happening with luxury single-family homes across Massachusetts?

When it comes to real estate stats (or should I say spin?), Lily Tomlin was right: “No matter how cynical you become, it’s never enough to keep up.”  Blog posts and press releases last week from Redfin, Mass. Association of

Posted in Bidding wars, Bubble Hour, Buyer agent, Defensive Homebuying, Dual Agency Detective, Luxury buyer agent, Luxury homes, Million Dollar Markdowns, Price reductions, Sweetest Deals

Don’t need a full-service buyer agent? Propose your own fee and rebate

The results of a recent Google search for our company, “Real Estate Cafe,” produced a surprising result.  Even though we were the first cyber cafe in the world when we opened 18 years ago, our page on Thumbtack.com, a request for proposals (RFP)

Posted in Buyer agent, commission rebate, Commission Reform, DIY Homebuyers, Do-it-yourself, Fee-for-service, IntentCasting, Luxury buyer agent, reVRM, Savings & Rebates, VRM

Luxury homes: Do dueling governor mansions point to “Mansion Cliff”?

Same state, opposing parties. Two “governor mansions” for sale, one former governor, one current. One expired after 416 days, the other canceled after 268 days. Now, like running for reelection, both are relisted and SURPRISINGLY, both are asking less than their

Posted in Buyer agent, Luxury buyer agent, Luxury homes, Mansion Cliff, Million Dollar Markdowns, Price reductions, Seasonality, Timing the market
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