One other factor, unique to Prudential Unlimited Realty in determining future market demand, is the company's highly success, hugely popular monthly First Time Home Buyer Seminars.
Jamaica Plain & Brookline, MA (PRWEB) September 30, 2012
As far back as February, Prudential Unlimited Realty was advising it's clients of an impending strong spring market likely characterized by multiple offers, increased sales, and pricing pressure. Back then, open house attendance was already noticeably higher. Great weather, low interest rates, high rents, and low rental availability all combined to drive the increased early demand.
Today, Prudential Unlimited saw 30 prospective buyers attend it's Monthly First Time Home Buyer Seminar. "One factor unique to Prudential Unlimited Realty in determining future market demand, is the company's highly successful & hugely popular monthly First Time Home Buyer Seminars. Prudential Unlimited has consistently run these seminars for over 11 years." said Jon Ufland, Managing Broker and Principal of Prudential Unlimited Realty.
As a huge proponent of the many benefits of home ownership, Prudential's goal is to educate, prepare, and protect home buyers ready to tackle their first, and most often significant, purchase of their lives. "Our company has been averaging nearly 60 registrations per month over the past 6 months and approximately 40 attendees per month. The fact we had 30 today and nearly 20 at our seminar two weeks ago in our Brookline office indicates continued strong demand for the 4th quarter and we expect it to continue into the 1st quarter of 2013", said Ufland.
The media is now reporting nearly 20% year over year growth in sales for Single Family homes and 40% for condominiums. However, Prudential was telling it's seminar attendees to prepare for this eventuality as far back as February and March when the contracts originally went under agreement. Many sources in the media discuss home statistics but only after the homes close. Prudential Unlimited teaches it's clients and seminar attendees to focus on Pending Contracts. These statistics are available daily as they occur and are not a lagging indicator as they believe closed sales statistics are. By focusing on Pending Contracts, The Company feels it can give it's buyer clients a competitive advantage over those waiting to hear about these units when the sales close which is sometimes 3-4 months after the property has an accepted contract.
The seminar is made up of a group of real estate professionals; a Mortgage Lender, a Real Estate Attorney, a Licensed Home Inspector, and a Buyer's Agent. Each professional describes his or her role in the home buying process. The professional group also educates on the importance of having a strong team behind you to protect you throughout the process.
If you would like to learn more about our upcoming FTHB seminars, or how Prudential Unlimited Realty can help you plan and prepare for your first purchase, visit us at http://www.PrudentialUnlimited.com.