Distinctive Homes Magazine - Boston - Volume 4 Issue 2 - (Page 11)

BILUS ON BOSTON RESIDENTIAL REAL ESTATE Frann Bilus Realtor, MBA 617.759.4828 (cell) fbilus@comcast.net FRANN BILUS has been involved with real estate for a number of years, initially on the development side through her family’s business and more recently on the sales side. She brings to real estate over 20 years of overall business experience. As a strategic consultant to Fortune 500 companies, Frann provided business intelligence and strategic advice to corporate executives on a broad range of business issues (operational, R&D, strategy, marketing and M&A). She worked independently and as Vice President of the Consumer Products, Services and Retail Practice at a Cambridge-based global consulting ﬁrm. Frann brings the same consultative style, high level of You’re planning to sell your home in the suburbs next summer so that the new family can settle in before the new school year begins. You’re thinking that you want a change in lifestyle and your next move is to Boston. Frann, Is it too early to start looking for a place in Boston this Fall, if you aren’t quite ready to make the move until next summer? No. It’s not too early. Now is the right time to start looking since it’s unlikely to happen overnight. It’s a process. The Fall is the ideal time to observe the beneﬁts of living downtown. Boston is at its most vibrant in the Fall. It’s the best time to experience outdoor dining, walks along the Charles River, Commonwealth Avenue Mall and the Public Gardens and the excitement of Newbury Street shopping. The theatre and symphony season are in their prime. Very often, the best real estate comes to the market in the Fall, following the quiet summer period when Sellers and Buyers are out of town. Buying a condo in Boston is unlike buying a single-family home in the suburbs. You’re in a different stage of life. You have some idea of the market value of your home, but you have no idea what that amount will get you in Boston. You have dreams and expectations, but don’t know if they can be met, given what your home in the suburbs is worth in today’s market. SO HERE ARE THREE “FIRST STEPS”: distinction between a two bedroom and a three bedroom condo is quite signiﬁcant, and pure three bedroom condos are rare and difﬁcult to come by; this means you need to think about space in a different, multi-functional way. professionalism, attentiveness and service to real estate. She holds an undergraduate degree from the University of Pennsylvania and an MBA from New York University (Stern School of Business). In addition, she is a member of the Greater Boston Real Estate Board, National Association of Realtors, MLS, LINK and will soon be certiﬁed as an Accredited Buyers Representative. ATTEND OPEN HOUSES: Take advantage of Sunday open houses to explore different neighborhoods and types of properties. Look at the Boston local weekly newspapers, such as Boston Homes, Boston Courant, South End News, and Beacon Hill Times. Now is the time to start your homework! MARKET SNAPSHOT BOSTON: BACK BAY CONDOMINIUM SALES YTD 7.18.08 YTD CHG GET A MARKET EVALUATION: Call the best local brokers for a market evaluation of your home. They will be at your door in seconds. Their evaluations will help determine how much you can spend. suburbs, homes are often categorized in the range of four to ﬁve bedrooms. Downtown, the TOTAL PROPERTIES SOLD 210 19% AVERAGE SALES PRICE $1,017,173 +10% AVERAGE DAYS ON MARKET 104 9 TOTAL PROPERTIES SOLD $1 MIL+ 61 -11 AVERAGE SALES PRICE $1 MIL+ $2,608,320 2% WENT UNDER AGREEMENT 286 11% AVERAGE SALES PRICE $1,140,720 +12% Source: MLS Disclaimer: Data is taken from sources deemed reliable but subject to errors and omissions. DO A ‘BEDROOM’ NEEDS ASSESSMENT: In the A look at Boston’s Back Bay market shows that while the number of transactions has declined year to date versus the same period year ago, prices continue to rise at a double digit rate (+10%). Despite what you may be hearing or reading about a weakening real estate market, with rising prices, now is a smart time to buy!

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Distinctive Homes Magazine - Boston - Volume 4 Issue 2 Ask Lillian Fall for Color Does the Outside of Your House Match the Inside? The Seacoast of New Hampshire... A Taste of Portsmouth

Distinctive Homes Magazine - Boston - Volume 4 Issue 2

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