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Another great write up provided by Leonard Steinberg of COMPASS. Steinberg is a real estate agent in NYC but his comments below equally apply to the developers I have worked with in South Boston.

What Developers Think


Last week I participated in a panel discussion about entering the new development arena as an agent. Two of the panelists - some rather successful and experienced developers - shared with us some insights about what they as a developers seek in the markets and from us as real estate professionals:

1. Developers love individual agents with highly specific knowledge of hyper-local markets. They love WORKING with well-oiled teams that are capable of covering all aspects of development without a learning curve.

2. Developers love ...

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Three units renovated and ready for move in. Featuring hardwood floor, central AC and rear decks in super convenient West Side location. Convenient to Broadway Station, Seaport, Logan Airport and Rts 93 and 90.

Unit 1 is a duplex one bedroom asking $459,000

Unit 2 is aprox 400 sq ft and is asking $399,000

Unit 3 is aprox 450 sq ft and features a private roof deck.

First open house Sunday 9/30 from 12 - 2

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Click here to find the full list of closings in South Boston 02127 as reported by Compass for the month of August 2018

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The following is an excerpt from a Compass internal email sent by Leonard Steinberg of Compass and written by Robert Bland - a Compass manager from Manhattan (and a Yale graduate).

There are 3 basic pricing strategies for residential properties, Aspirational, Market and Below Market.

1. Aspirational: Aspirational pricing is generally successful in a Seller's market when they want to 'shoot the moon', attempting to obtain a price higher than market comparables dictate. This is a reasonable strategy in a tight market when buyers are pressured into overpaying for a property because they feel that if they don't buy now, the price may be driven up even higher and then soon will be out of reach. Conversely, it's not a winning strategy in a soft...

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In a difficult market for Buyer's I often remind my clients to look at each opportunity individually. Every property does not get multiple bids. Some do, some do not.

Do your homework so you understand market pricing and you will be able to make a good decision when the right place goes on the market.

Here is some great advice from Leonard Steinberg of Compass

"Bid the number that you can manage and afford. A comfortable number? There is no such thing as a comfortable number when you are spending more than you want to. Bid the number that should your bid not be selected, you have ZERO regrets the day after. If you do not 'win' know that this is just real estate, not a serious illness, and there will always be other homes to buy. If you are ...

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The Mass DOT meeting will be held on Wednesday May 16th at 6:30PM at the Tynan
School on E. Fourth Street.

Please make every effort to attend this meeting

The MBTA will offer a presentation of changes to be made on the bus route especially change in the CITY POINT section of SOUTH BOSTON.

SOUTH BOSTON BUS SERVICE IMPROVEMENTS

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Located directly across from M Street Beach on South Boston's Eastside. Direct Ocean Views from the private front porch and the front rooms of this sprawling three bedroom 1 bathroom apartment. In unit laundry, excellent closets throughout all three bedrooms will accommodate queen bedroom sets. Big LR, DR and EIK. Private front and rear decks included with the apt. Available June 1st be here in time for summer to enjoy this beach front Home. Located in a stately Victorian style OWNER OCCUPIED three family. SORRY NO PETS, NO SMOKING, NO EXCEPTIONS.

Text or call Stephen McCarthy at 617.320.7219 for more pictures and details.

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Upper Duplex 3 bedroom with 1.5 baths. Main floor features living room, kitchen, half bath, and bedroom. LR is connected directly to back deck. Upstairs 2 large bedrooms and full bathroom. Three spacious bedrooms with big closets. Open kitchen/living room steps out to private rear deck. Shared back yard. Common laundry in basement. Kitchen and baths renovated in 2015, tall ceilings, shared laundry in the basement. Call or text to set up a showing. Pets OK.

For move in you need first, last and brokerage fee.

Stephen McCarthy 617-320-7219

53 Gates St #2

3 bedrooms 1.5 baths shared yard shared laundry

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Apartment rental application process for listings by Stephen McCarthy

Note at the current time all apartments are subject to a brokerage fee equal to one month's rent payable by the tenant.

1) Complete, sign and return this application

2) Complete a credit screen here

3) I will need a copy of each applicants driver's lic. or state issued ID

4) I will need recent pay stubs for each applicant

5) If there is going to be a co-signor they need to complete an application and credit screen also.

6) A check payable to Compass in the amount of first month's rent. This will be applied to the brokerage fee.

7) If your application is declined your deposit check will be returned

8) If your application is accepted appropriate lease documents will be issued via Docusign for signature by all parties

9) All funds for the Lessor are due upon signing of the lease or tenancy documents

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Contact Stephen



126 Newbury Street, 5th Floor
Boston, MA 02116
617-320-7219