01440 - Real Estate Advice

Alison Hillm…, Other/Just Looking in San Francisco, CA

Alison Hillman answered:

Anyone know of any apartments like this in the Gardner, Westminster, Templeton, Phillipston, Baldwinville, Leominster and Lunenburg?

Hi Beth! Take a look at the listings on Trulia: http://www.trulia.com/for_rent/Gardner,MA/#for_rent/Gardner,MA/2p_beds Good luck, Ali, Community Manager

0 votes • Share • Flag • Fri Aug 24, 2012 • Rentals in Gardner

1 answer

Answer

Louis Wolfson, Real Estate Pro in Newton, MA

Louis Wolfson answered:

Is six weeks ample time for a landlord to give if house is sold and i have to move?

not a question as to ample time, its what is in the lease. No lease, TAW consider 30 day notice adequate.

0 votes • Share • Flag • Sun May 13, 2012 • Rental Basics in 01440

3 answers

Answer

Cody Couture answered:

Is Gardner a safe place to live? Around Greenwood st Gardner MA

NO i live in gardner that street is full of drug dealers

0 votes • Share • Flag • Mon Jan 21, 2013 • General Area in Gardner

8 answers

Answer

Walter Harri…, Real Estate Pro in Ashburnham, MA

Walter Harrington answered:

can someone please tell me if 315 elm st,01440 is forclosed?

Hello Jesse, 315 Elm Street in Gardner,MA.01440 is not listed as a Forclosure,it is currently for sale for $249,900.It is a three family with two garage spaces and 3,495 square fe ... more

0 votes • Share • Flag • Sat Mar 5, 2011 • Foreclosure in 01440

2 answers

Answer

Marybeth Mil…, Real Estate Pro in Norwell, MA

Marybeth Mills Muldowney answered:

what can i do to address being declined for a fha loan due to a poorly done appraisal?

Hi you are not alone unfortunately, I do not know where your intended home is located but it may be that your home is located within a declining market area. We have seen this impact. ... more

0 votes • Share • Flag • Sat Dec 11, 2010 • Home Buying in Gardner

Answer this question...

Answer

Don Tepper, Real Estate Pro in Fairfax, VA

Don Tepper answered:

Low FICO scores and First Time Home Buyers were told we can't do anything....HELP!!!!!

No. With all due respect, it's clear that with a FICO score of 543 you've made a few bad financial decisions. And you're trying to figure out how to make another. First, improve your credit scores. But beyond that, work on improving your money management skills. People tend to overlook that; they sometimes think that all they have to do is improve their scores and everything will be OK. Credit scores are a reflection of your spending and repayment patterns. Those need to change, too. Second, you don't even have enough money for closing costs on the sort of property you're looking at, to say nothing of a down payment. And that doesn't include any repair expenses, either. And that doesn't provide you any cushion in case of major repairs, or vacancies. Third, the $8,000 tax credit shouldn't be the deciding factor, especially not when you've got the negatives listed above. Fourth: What $8,000 tax credit? Even assuming you and your fiance both qualify for the credit, and assuming you could afford to buy (without a down payment and without a reserve fund), and assuming you could qualify, there's no $8,000 at the end of the rainbow. It's a 10% credit up to $8,000. In a multi-unit building, it's only applicable to the unit you occupy. From the IRS web site at http://www.irs.gov/newsroom/article/0,,id=206291,00.html : ~~~~~~~~~~~~~~~~~~~~~~ Q. I purchased a duplex home with two separate dwelling units. I will live in one dwelling and will rent out the other dwelling unit and report the rental income on Schedule E. May I qualify for the first-time homebuyer credit, and what amount do I use for the purchase price to determine the amount of the credit? A. Yes, you may qualify for the credit for the dwelling unit that you use as your principal residence. To determine the amount of your credit, you must allocate the purchase price of the duplex between the two separate dwelling units. You may not use the entire purchase price of the duplex to determine the amount of your credit. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ So, if you bought a 2-family building for $50,000 and the two units were equal-sized, then your dwelling--your unit--would be valued at $25,000, so your tax credit would be $2,500 . . . not $8,000. Check with an accountant for details. In short, you don't have the credit or the cash to buy. Nor would you receive the tax credit you're thinking you would. Your plan isn't a bad one--buying a small building, living in one unit, and renting the others out. However, you need to improve your credit. (Well, there are ways to buy with not-so-great credit, but you need to develop your money management skills.) You also need to save more cash. Even if you bought with creative financing and eliminated the down payment, you'd need more than $5,000-$10,000 for closing costs plus reserves for repairs, unexpected maintenance, and vacancies. Hope that helps. ... more

0 votes • Share • Flag • Mon Mar 14, 2011 • Financing in Gardner

9 answers

Answer

Angela Clark answered:

What is the best way to negotiate with an already firm seller after the home inspection?

I agree with the other agents - hold firm! This is especially true if the home has been on the market for awhile. Are you working with an agent? Is this a FSBO? Write up a list ... more

0 votes • Share • Flag • Fri Oct 17, 2008 • Home Buying in Gardner

7 answers

Answer

Marybeth Mills Muldowney answered:

need sugestions on a rehab loan availability

A 203K loan seems appropriate but this is also credit driven and requires a credit score higher than the typical FHA loan. You must seek out a knowledgeable mortgage officer to assist ... more

0 votes • Share • Flag • Sat Dec 11, 2010 • Home Buying in Gardner

3 answers

Answer

Kevin Vitali, Real Estate Pro in Tewksbury, MA

Kevin Vitali answered:

We recently placed an offer on a short sale property, the bank counter offered and we accepted.

It really depends upon what you agreed to. Many times a short sale offer the home inspection and PS are triggered by the short sale approval. I would ask for the short sale approval o ... more

0 votes • Share • Flag • Sat May 18, 2013 • Home Buying in 01440

13 answers

Answer

Lance Holtman answered:

I would like to know how many points your credit goes up when somthing is paid off

Depends... It is different for every individual and different at any given point in time It will depend on what else is in your report at a moment in time. Change one variable, t ... more

0 votes • Share • Flag • Thu Mar 27, 2008 • Financing in Gardner, MA

1 answer

Answer

Advice in 01440

Change your location

Nearby locations

How to upload

How to upload

Activity

Popular Guide Categories »

Home Buying »

Home Selling »

Financing »

Home Buying »

Schools »

Foreclosure »

Rental Basics »

Followers

Residential Real Estate

Explore Trulia

For Professionals

Corporate

Drag and drop photos from your desktop How to upload Open the folder on your computer where your photos are stored. Using your mouse, select the photo you want. Then, just drag and drop that photo into the Drop picture here zone on this page!

East Templeton, MA Baldwinville, MA South Ashburnham, MA Winchendon, MA Winchendon Springs, MA Phillipston, MA Royalston, MA Athol, MA Ashby, MA Princeton, MA East Princeton, MA Rindge, NH South Royalston, MA Leominster, MA