Lets go Celtics!

LETS GO CELTICS.

Anyone else watching the Celtics? AWESOME start to a season. Knicks were tougher than I thought they would be. Heat tonight. We got this. I was there at Game 7 last year in the playoffs. Today we take it and win. Anyway, onto this weeks newsletter.

I’m always trying to improve this newsletter, what else can I add and/or omit?

ALSO: We’re looking for sponsors for this newsletter. We’ve already grown to over 1,400 subscribers. If you or anyone you know might want to take a sponsorship spot, please email me @ [email protected]

This Week:

🏡 Video: First-time home buying tips to prepare for 2024. Learn from pre-approval to closing costs and get your dream home.

🏢 Video: 72% DECLINE in Boston Commercial: Two office buildings at 33-41 West St. embody the challenges, selling at just $4.1M, a fraction of their $16M price seven years ago. - Updated with Video

🍀Local Spotlight: Celtics take on the Heat tonight. First home game. Nothing more needs to be said! LETS GO!

📅 Events: I have kids. Frozen is here. We will be attending the play

❓Question of the Week: Should you buy a home at 8% today, or wait for rates to go down?

MARKET UPDATE
Real-Time Market Update - Fri Oct 27 2023

YOUTUBE
Get prepared TODAY for buying a home TOMORROW.

Intro: Massachusetts Realtor, Mike Urban, shares insights on first-time home buying in the local market. Discover the path from pre-approval intricacies to the details of closing costs, and arm yourself with knowledge to secure your dream home.

Quick Highlights:

🏡 Pre-Approval Insights: Understand the difference between pre-qualification and pre-approval and the advantage of pre-underwritten approval.

💸 Unraveling Closing Costs: Dive into VA, FHA, and conventional loan types. Get acquainted with cost components such as deposits and attorney fees. Remember to factor in 1.5-3% for closing in addition to the down payment.

📍 Home Hunt Tactics: Start with setting a budget and think in terms of monthly costs. Prioritize property size, location, and type. Do your research on schools, safety, and transportation options.

🔍 Offer Strategies: Gauge property value based on schools, transportation, and amenities. Stay updated on listing duration, number of offers, and inspection details.

✍️ Sealing the Deal: Consider mid-week morning closings and be prepared with essentials like ID, pre-closing walkthroughs, and scheduling movers.

NEWS
😯From $16 million to $4.1 million…..

In the heart of Boston, the downtown office market presents a perplexing landscape. The sales and valuations of properties, especially amidst the current economic climate, unveil stark disparities and hidden tales of the pandemic's impact on real estate. Let’s delve briefly into a recent case that has stirred discussions among local investors and developers:

Key Insights:

• 🏢 Two office buildings at 33-41 West St. embody the challenges, selling at just $4.1M, a fraction of their $16M price seven years ago.

• 🔄 Mai Luo, a real estate executive and the new owner, contemplates diverse futures for these buildings, including possible conversion to housing.

• 📊 Discrepancies in property values post-COVID, with some properties plummeting, while others manage to hold or increase in value.

• 📈 High-interest rates and hybrid work trends are reshaping the demand and valuation in the office space market.

• 🏛 The city’s office vacancy rates and property taxes remain pivotal for funding essential public services and infrastructure.

Full Article found: Here

LOCAL SPOTLIGHT
 🏀 Kristaps Porzingis Scores 30!

🏀 Celtics & Knicks Game Insights 🏀

• 🍀 Celtics gave a solid performance, but Brown seemed off.

• 🗽 Knicks truly stood out, especially post-halftime.

• 🌟 Holiday remained consistent throughout.

• 🔍 Porziņģis: Lots of potential, though a bit anxious.

• 🔥 White: Needs to amp up the aggression.

• 🎯 Tatum: Deadly, particularly down low.

• 👍 Favoring Horford over Brogdon for the 6th spot.

• 🤞 If the team synchronizes, we're in for an epic season.

Whats your thoughts on Porziņģis?

Celtics play the Heat tonight @ 7:30PM EST!

LOCAL EVENTS
✨ Queen + Adam Lambert Tour

Produced by the minds behind The Lion King and Aladdin.

🌟 Nominated as the Best Musical for Tony®.
📣 Critics acclaim: “It’s simply magical!” (LA Daily News).
🎶 Original and fresh tracks by Oscar-winning duo Kristen Anderson-Lopez and Robert Lopez.
✍ Helmed by Tony victor Michael Grandage and choreography by Tony champ Rob Ashford.
🏆 The stellar team boasts a cumulative 16 Tony Awards.
🎨 Experience breathtaking effects, captivating sets, and dazzling costumes.
💃 A showcase of powerhouse talent, epitomizing pure Broadway ecstasy.

For more info check it out: Here

TESTIMONIALS & SUCCESS STORIES
1 of 100+ 5 Star Reviews

Thank you so much, you and your team are amazing very professional. You helped my husband and I sell our house very quickly. We will definitely continue to do business with you guys! Thank you 😊 again !!!!- Carolina Alvarez, Home Seller

EDUCATE
Question of the Week:

“Should I wait for rates to come down before buying a home?”

Answer: This is a complicated question. It's complex. If you can comfortably afford a home you love now, consider it for the quality of life. While real estate is an investment, don't solely base your decision on this

Here's a quick guide:

• 🤔 Deciding to buy is complex.

• 💵 Buy if you can afford and love the home.

• 🌟 Prioritize quality of life.

• 🏡 Real estate is an investment.

• 🚫 Don't base the decision solely on investment potential.

My editors are working on the video for next week. It’s complicated. For now, watch my video on what you need to do to get prepared to buy a home in 2024.

— Mike Urban

Reply with any questions you'd like us to address!

LETS WORK TOGETHER
Need a Realtor?

Looking for a Realtor in or around the Boston Area? Book a one-on-one consultation with Mike Urban - Here