5 Ways the Massachusetts Real Estate Industry is Changing in 2023

While some basics about real estate will never change, the industry is constantly modified to keep in step with economic changes, updates to industry standards, technological advances and shifts in real estate trends. Along with all this, lawmakers are continually updating the tax codes which affect real estate transactions. Keeping your eyes on the horizon of these industry changes can help you make important decisions about buying and selling Massachusetts real estate. So read on as we explore five ways the Massachusetts real estate industry is changing in 2023. 

Tools

The right tools make tasks easier to manage. In 2023, technology is changing the real estate industry in Massachusetts. Buyers can use tech to search properties and compare options quickly. Sellers can reach buyers from all over the world, who can take virtual tours and do the transaction remotely. However, many still choose to work with a professional real estate agent. The Pegasus Home Buyers hybrid agents are experienced negotiators who can represent your interests and get the best deal for your property..

Mindset

The real estate industry in Massachusetts is going through a transformation in 2023. There has been a shift in the attitude of potential renters, who are less interested in buying homes due to the pandemic. If you are considering selling your home soon, it may be the right time to do so. You could save money by selling it as a FSBO (For Sale By Owner), however only 8% of recently sold homes were FSBO listings. Working with a hybrid real estate agent from Pegasus Home Buyers could be another option. They will buy your home as-is for cash, and you won’t have to pay any commissions, brokers fees or closing costs.

Tax Laws

Some of the ways that the Massachusetts real estate industry is changing in 2023 are tax laws that may affect capital gains and like-kind exchanges. Hybrid agent investors like those at Pegasus Home Buyers are highly educated real estate agents and successful property investors in the Massachusetts real estate market. At Pegasus Home Buyers, your hybrid agent investor stays on top of the trends and changes affecting sellers to provide the best possible assistance with such a significant transaction.

Interest Rates

Increases in interest rates may cause a slowing of the growth of home sales, which is another way that the Massachusetts real estate industry is changing in 2023. In addition, many buyers who can afford a loan under the current rates will push them out of the market in the near future. As a result, sellers may want to take the opportunity to sell their house in Massachusetts while buyers can still qualify for loans under the current rates. If your home is ready-to-move-in, working with a hybrid real estate agent like those at Pegasus Home Buyers acting as a real estate agent to list your property may best serve you. However, homes in apparent disrepair don’t fare well on the market, and a direct sale to your hybrid agent investor from Pegasus Home Buyers acting as a direct buyer may be your best option.

Pegasus Home Buyers

The real estate industry is evolving, bringing about the best way that the Massachusetts real estate industry is changing in 2023, the emergence of hybrid real estate agents, offering a one-stop solution to meet the needs of any seller. If you are under a time crunch, acting as a direct buyer, your hybrid agent investor from Pegasus Home Buyers can provide you with a guaranteed closing date, often within a matter of days. Now, if that is causing anxiety, talk to your hybrid agent investor from Pegasus Home Buyers about working out the date you would prefer for the closing. Another form of anxiety experienced by many sellers is due to the process of showings; if you would rather skip the hassles, then making a direct sale to your hybrid agent investor from Pegasus Home Buyers is the answer you seek. Because we want you to feel good about working with Pegasus Home Buyers long after closing, our hybrid agent investors will provide you with the details of your profits from listing vs. our offer to buy your home directly, which we want you to agree is fair. At Pegasus Home Buyers, we take great pride in our work and believe it shows in how we communicate with our sellers and offer solutions to get you over any hurdles standing in the way of the sale. Ready to learn more with no obligation? Call Pegasus Home Buyers at (781) 810-4242.

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