Boston, MA, June 15, 2007 --(PR.com
)-- Over the past year or so, the slow down in the residential market has received considerable mention in the news, but according to the Perry/Gallagher team, historically low mortgage rates are helping to keep things moving along.
A.W. Perry, Inc. an established leader in real estate investment and development and renowned local builder J.P. Gallagher Construction & Development Company, Inc. share their optimistic prognosis of the residential real estate market. Their observations come from recent experience in sales of condominiums at Spring Meadow in Hanover, MA and home sites in several area subdivisions.
Jay and Paul Gallagher noted, “There was some brisk activity during the first few weeks of the spring market. There were many residential showings and a number of raw lots were reserved for building. Buyers are definitely more interested in closing, which is a significant change from the second half of last year.”
“A year ago, there was 15-16 months of inventory. Our potential buyers couldn’t move their prior homes. Competition was tough compared to now, where there is only about 11-12 months of inventory,” explained Rich Beal, Vice President of A.W. Perry. “Many sellers have lowered their prices and buyers are motivated, which will accelerate sales. We’re optimistic about where the market is going over the next few months.”
The A.W. Perry/Gallagher team have collaborated on the development of many of the South Shore’s finest residential projects. They offer a few tips for sellers:
• Price your home competitively so it does not sit on the market for months on end.
• Clear out the clutter and “de-personalize” your home as much as possible.
• Make necessary repairs and take care of issues that a potential buyer may notice.
• Give special care to two key areas - paint and landscaping. Fresh paint and beautiful grounds make a big difference.
• Realize that you may never get a second chance to make a first impression on a potential home buyer and take the steps necessary to ensure a good first showing.
The Perry/Gallagher Team
Together, the Perry/Gallagher Team has developed subdivisions and projects which house more than 200 South Shore families including: Whiting Village, Stone Meadow Farm, The Homestead, Spring Meadow, and Windward Lane in Hanover, Deerfield Farm in Pembroke, and Deer Hill in Hanson which is just coming on the market.
With offices in Boston and Hingham, A.W. Perry is an established leader in real estate investment, development and management in the metropolitan Boston area. Since 1884, A.W. Perry, Inc., a privately held real estate firm, has provided the highest level of quality, service and value to clients. A.W. Perry is an award winning property management firm, an experienced developer and an innovative investment builder. Under the direction of the family’s fourth generation, the company maintains a reputation of strength, stability and integrity. For more information, visit their website at www.awperry.com or contact (617) 542-3164.
Catering to clients throughout Southeastern Massachusetts, Jay and Paul Gallagher of J.P. Gallagher Construction & Development Company, Inc., have been building properties of enduring value and uncompromising quality for more than 25 years. Learn more about the company by visiting their website at www.jpgallagher.com.