Quincy is the largest city in Norfolk County, Massachusetts. It is considered a suburb of South Boston and is part of the Greater Boston Metropolitan Area. As the 8th-largest city in Massachusetts, Quincy is a historic town and is known as the "City of Presidents" because it is the birthplace of two of our American presidents - John Adams and his son, John Quincy Adams. It is also the birthplace of John Hancock who was the first signer of the Declaration of Independence. If you are thinking about moving to Quincy, her is some information that should be of true value:
Buying a Home in Quincy
There are many options when buying a home in Quincy. In fact, the area is blanketed by several historic neighborhoods with traditional brownstones and one to two-story homes. Quincy is known for its tree-lined streets, schools, and fine commercial establishments and restaurants. Quincy real estate also features several apartment buildings and complexes, as well as co-op units, sub-lets and much more.
According to recent real-estate figures and stats, the median home value in Quincy ranges from $420,000 to $490,000. In fact, home values in the area have gone up 3.7% within the past year. They are also slated to increase...
Selling Your Quincy MA Home
The Quincy real estate market is on fire! With people moving out of Boston, but wanting to live close enough to commute for work, coupled with Quincy's great schools, has driven the property values in Quincy up and the demand for housing in Quincy is strong.
As of the time of this article, Quincy only had 50 active homes for sale with the average Days on Market being just over 60. The Median List Price of a home for sale in Quincy is just over $330,000. When you compare these market statistics to homes in Boston, you can see why the Quincy real estate market is so strong.
Although the demand for housing in Quincy is strong, getting your home sold for top dollar still requires a strategy. Needless to say, we won't be able to cover every step in getting your home sold, we will cover some of the basics required for getting your top dollar for your Quincy home.
Pre-Listing Due Diligence
Prior to listing your home in the MLS - you will want to complete the pre-listing due diligence. This included looking at a variety of real estate statistics relative to your Quincy home. This process requires MLS access to get an idea of what similar homes have been selling for as well...
For years, the real-estate industry has strongly benefitted from generous tax deductions. These deductions raised home values by making it cost-affordable for people to own properties and become home owners.
The current tax code also allowed them to shoulder their local taxes across the board. However, with the Republican's new tax bill underway in Congress - the real estate industry is deeply worried that the fallout will harm the real estate market by making home ownership less valuable.
Updated! The Tax Bill Has Passed
Scroll down to the bottom of the post to see what the effects of final versions of the tax bill (currently waiting on the Presidents signature) will have on homeowners.
What will happen to those homeowner deductions that the industry has relied so heavily upon in past decades? The new tax bill has sent real-estate organizations, such as the National Association of REALTORS, into a frenzy across the nation. So much so that they are calling legislators, lobbying congress and pushing a call to action for their REALTOR members to do the same. All warning their members, clients and general public about the danger of the current tax bill. It is also important to note that NAR (National Association of REALTORS) has the single largest PAC (Political Action Committee) in the country.
Similarly, their supporters and proponents are staging mass protests - in an all out effort to keep homeowners as a favored class in the tax codes....