Medford is considering a 2% realty transaction fee on properties above $2.5 million. The move aims at solving the affordable housing crisis. But what does it mean for businesses in #BostonRealEstate? Could it impact your investment strategies? Ponder this: Is your portfolio diversified to weather such policy shifts? These transitions are often overlooked, creating potential blind spots in your approach. It's essential to regularly reassess your strategies, especially in the ever-evolving #Boston realty landscape.
The new provisions could generate $1M for Medford's affordable housing initiatives. Great news for some, but how would this shape up for commercial realtors and developers?
Times like these require knowledge, foresight, and agility. Luckily, #TurcoGroup's expert, Joe Turco, is here to help. Joe can guide you through these transitions and help turn potential challenges into opportunities. Let's navigate the shifting sands of #Boston's real estate together.
#eXpRealty #BostonCondo #BostonHome #MovemetoBoston
Senior Director at RangeWater Real Estate
4moThanks for coming out and celebrating with us!!