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The Mattapan market has probably been the quietest in Boston  thus far. This signifies a stable community with homeowners who are satisfied with where they are and limited interest in selling. 

Multi Family homes have gained over $60,000 in equity since 2014. 

Condominiums are not popular in this area as evidenced by only one being sold thus far this year. 

Single family homes have experienced over $50,000 in added value of the past 2 years. Homes are selling for more and in less time. 

Multi Families 2014 2015 2016 (January to July)
# Sales 27 30 11
Average Sales Price $414,996 $434,081 $478,000
Days on Market (DOM) 70 57 124

 

Condominiums 2014 2015 2016 (January to July)
# Sales 7 5 1
Average Sales Price $115,357 $217,580 $185,000
Days on Market (DOM) 153 84 269

 

Single Families 2014 2015 2016 (January to July)
# Sales 14 26 12
Average Sales Price $255,743 $293,885 $313,158
Days on Market (DOM) 96 58 54

For more information on your mattapan market, contact your Mattapan specialist Rebecca Moise

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How Do I Make More Money Selling Real Estate?

Make More $$ Selling Investment Properties! Sales Agents Wanted (All of Mass & RI)

Local Boston Real Estate Office Looking for New & Experienced Agents! Starting with 70% commission splits for experienced agents & 65% for newly licensed agents!

Our office is unique in that we focus on Multifamily & Investment Real Estate Sales. Real estate investors are “repeat” buyer and sellers and building long-term relationships with local investors is our top priority. Right now we are busy and looking for new agents. Our office is in Boston but we’re in need of agents North, South, & West of the city as well as RI.

You can read more about The Mandrell Company by visiting http://www.MandrellCo.com

You can also learn more about building a sales business by working with investors at http://www.SellMoreBostonRealEstate.com

We employ a virtual sales model. No floor time required. Most of our agents work from home or out of their private office spaces.

We do an extensive amount of marketing and will provide leads but will also train agents on how to build your own business connections. Part time or Full time.

Send resume to contact@mandrellco.com to schedule an interview.

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Are you in the process of getting licensed as a Massachusetts real estate agent?  Are you  not happy with your current firm and looking for a change? In either case , consider joining The Mandrell Company! The real estate industry can be a very fun and rewarding business if you work hard align yourself with the right people in the industry. The Mandrell Company is a residential & commercial real estate brokerage firm and we specialize in multifamily purchases and sales as well as working with rehab investors.

Why do we focus on this particular market?

  1. Real estate Investors buy & sell multiple properties! Working with real estate investors can allow you to do 20+ sale per year while only need 3-4 different clients. Many investors will buy property directly from the listing agent, rehab the property, and then say thanks by giving the property back to you to sell to an end buyer. At minimum you achieved 3 “deal sides” in this scenario! Even multifamily buy and hold investors are repeat clients and are very loyal to us.     
  2. Real estate investor buy with cash so you avoid the hassles that come with dealing with bank mortgage brokers and preapproval letters. Cash  purchases also allow investors to close sooner because they avoid bank appraisals and the need to wait on loan commitments.
  3. Investor often waive the option to do a home inspection. Most investors are savvy buyer and know their way around a project. They are buying for the purpose of rehabbing the place and don’t need a home inspector to come in and point out minor damaged. No home inspection mean the closing timeline is shorten and you get paid sooner!

The Mandrell Company has a very larger network of local and national real estate investor and they’re all looking for their next project. Our firm is searching for good agents to help us locate and feed our investors good deals. We have all the marketing tools and training necessary to make you successful, we just need motivated and intelligent people that want to make money. We’re hiring agents all over Massachusetts! All of our company systems or web based so we do not require you to work in our office! Work from home or from your private office and receive very competitive commission payouts!

Outside of the great money you can make with TMC, we offer a very good opportunity for you to learn a ton about real estate investing. We operate two investment groups in the state; (Boston Wealth Builders & Metro West Real Estate Investors) where we teach many new investors how to build long term wealth through real estate.

Interested in joining the firm? Still have questions? Email us at Contact@MandrellCo.com or call 617-297-8641. You can also read more about this position at MandrellCo.com/Careers

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Right now is a great time to be in the Massachusetts house flipping business! Real estate prices are seeing steady growth and home buyers are feeling comfortable again. The key to success in the rehabbing business is to have a great team of industry professionals around you.  There are so many steps involved in from the initial purchase of the property to the final sale, that you would be wise not to do it all yourself. The best flippers in the business build a good team of experienced people they can trust and that are experts in their areas of the business. Two industry professionals every rehabber must have in their corner are a good Real Estate Broker and a Money Man… a source of quick capital.

There are many real estate agents out there but only a few that truly have the experience and understanding of the Massachusetts house flipping business. You’ll want to find an agent or team of agents that understand what an investor is looking for and can locate homes that are potential flip candidates. The real estate agent you want is the one that can immediately see potential in a rehab project but can also steer you away from potential trap properties. The team member you’ll want can help you determine the property’s ARV (after repair value), has experience with the construction process and can help you determine the proper finishes buyers are looking for in for in that particular neighborhood. A good Realtor understands you’re in the business to make a profit and will often run the numbers themselves prior to bringing you a deal. This saves you a bunch of time from checking on properties that don’t make financial sense.

Having a good private or hard money lender by your side is also curial to your success. Many of the best deals come from sellers who need out of their homes quickly. Having access to quick cash give you the ability to close sooner and make your offer more attractive than someone searching for financing. Often rehab homes are in such bad shape that banks will not loan on the property and the seller absolutely needs to find a cash offer. The best way to find money sources is through networking with other investors and industry peers. You ideally will want to make some early connections so when you have a flip deal presented, you already have the mean to pursue it.

Want to build a good team of professionals quickly? Join a local real estate investment group. Two great groups in Massachusetts are Boston Wealth Builders and Metro West Real Estate Investors.  Join one or both groups and meet local real estate investing professionals. Find money sources, contractors, suppliers, legal representation and more. You can also meet other investors who could potentially become partners in your house rehabbing venture.  

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Multifamily_Home_Buying_BookWhen it comes to buying a home, the ability and willingness to negotiate is a must. In general, sellers ask for more than they are actually willing to accept and buyers initially offer less than they are actually willing to pay. As the buyer, you will have the best chance at a successful negotiation if you research the price of other comparable homes in the area before making your offer. The best way to determine what you should pay is by considering what other buyers in the area have paid for similar properties. Your Realtor will be able to provide you with a comparable market analysis for the prospective property, which will assist you in finding these recent sales figures.

Lastly, be realistic when you’re ready to put in your offer to buy. Nothing will hurt your chances of future negotiations more than insulting the seller with a low-ball offer. Remember that the trick to landing yourself the best deal is to find the balance between your high-water mark and the seller’s low-water mark. You want to work with the seller to find a point where both parties come out feeling good about the transaction. You should also remember that not every offer is accepted, so don’t be disheartened if your first offer isn’t a winner. In most cases, the seller will make a counteroffer for your consideration and negotiations can continue from there.

Want all 25 buying tips? Complete the form below and the complete book will be emailed to you immediately!

 

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Hire the Right Realtor

When you’re looking to sell your home, it pays to work with a REALTOR who knows the local real estate market inside and out and has excellent contacts in all real estate related fields. Selling you home is no small task and shouldn’t be left to just anyone. Remember that you are selling a business. Selecting a realtor that’s familiar with the rental business can better help you achieve your goals throughout the sale and improve your bottom line.  
 
Before making the decision to hire, you should request a pre-listing package from your selected realtor. This package should contain and explanation of the selling process you will experience, what forms of marketing the realtor will use and a brief description of the realtors background and experience. 
 
Logic vs. Emotion 
There can be a lot of emotions tied to selling your home, especially if you’ve lived in one the units for a significant amount of time or if you’ve put a considerable amount of energy into maintaining and improving the property. While most sellers expect the final sales price of the property to reflect every hour of work and every penny they’ve spent during their time of ownership, in most sales this, will not be the case. 
 
Removing your emotional ties is one of the first things you must do as a seller preparing to part with his/her property. You must disassociate yourself. You should look logically at the selling process of your home and prepare to make decisions based on that logic alone. Despite how much time and energy you have put into your property, a home is only worth as much as someone else is willing to pay for it. 

Need some professional advice? Call 617-297-8641 or email Willie@MandrellCo.com

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