I believe because it's a disclosure and not a contract there is no need for an expiration date. i.e. I am disclosing that I am a real estate agent and since that isnt going change it never expires... more
I recommend that you search for realtors that service your area and reach out to them. Alternatively, you can google established real estate agencies , look on line at the bios and begin a dialogue with one.... more
There are many things you can do to increase your chances of having an offer accepted. Consideration amount comes to mind when placing an aggressive offer. However, offering a high dollar amount isn't the only way to increase your chances of a successful deal. Financing and Inspection contingencies may also help strengthen or weaken an offer. An all cash offer without an inspection contingency can very well be an attractive offer. Flexibility on closing date is also important to note. The sellers may want to move quickly and be willing to take a lower offer just because the buyers are willing to close within the next week. The bottom line is to try to find out what's important to the seller whether it's money, closing fast, or promising to water their plants everyday, then you will be able to increase your chances of closing the deal.... more
I HAVE A CLIENT PURCHASING A 2 FLAT WITH A FINISHED BASEMENT APARTMENT,THE CONVENTIONAL APPRASIAL IS REQUIRING THAT THE KITCHEN BE REMOVED,IT IS A SHORT SALE, ALL SHORTS ARE AS IS ,THIS PROPERTY IS IN GOOD CONDITION,THE KITCHEN IS THE ONLY HE ASK THAT THE KITCHEN BE REMOVER FROM THE BASEMENT APARTMENT.THE BANK ARE NOT DURING ANY THING ON A SHORT SALE.IT IS NOT THE BUYERS PLACE TO DO ANY WORK BEFORE HE CLOSED ON THE PROPERTY,THERE ARE NO REPAIRES NEEDED.... more
I found this question from 2 years ago, while browsing Trulia. I find it interesting that 2 years ago, every agent says that Malden house values were at bottom and would only appreciate. I'm sure if you asked the question today, you would get similar answers, that we are at the bottom and that we are due for an increase in property values. I am not attacking the expertise of the realtors, but I wonder if their predictions proved true. I've been looking for a home in Malden for awhile and it looks to me like Malden has declined over these past two years. Moreover, I'm no expert, but I'll take an educated guess that Malden is not going to increase anytime soon. Why do you think there is so much inventory in Malden compared to other towns? because a lot of sellers have a hunch that might be the case as well. I've lived in Malden for five years. While it was never a great place to live in my opinion, it has declined since that time 5 years ago when it was voted the best place to live if you have children. Malden today seems more dangerous and more depressed than it did when I moved her. I talked to one homeowner who was selling her lovely home who said "I wish Malden would make a recovery, but I know now it never will. It's too late."... more
Rajesh;... and Hi Debontheweb, hope you are doing well this year.
Rajesh, Deb has hit it on the head. Contrary to what one agent has said, a single family occupying two or more units of a multi-family dwelling will NOT change it's legal status in the eyes of the ISD.
If you are a buyer, have your agent verify occupancy (number of units) with the Building Department. Appraisers are also expected to do so as part of their due diligence in writing up an appraisal. It is not uncommon for a property to be known to the tax office as a 2 or 3-family dwelling, when in fact the building department or ISD knows it as a single or 2-family. If a previous owner, with all good intentions, applied to have the number of units revised, for example converting a single family into a two family but never completes the process, the true status remains unchanged. The owner might have gone so far as to pull some permits, added a second or third kitchen and baths. But what gives it away, is that there are one two few electric meters. Hello, can you say SINGLE family. If ISD says single family, it's a single family even if it has been taxed as a two family for decades.
Word of warning to Listing agents. The ISDâ€™s of numerous cities and towns are keeping an eye on our MLS looking for illegal conversions and in-law apartments. Assuming a dwelling with 3 kitchens and 3 full baths is a 3-family when in fact itâ€™s not, could result in a nasty letter to the seller to remove the offending conversion, and a very costly law suit from your ex-client.
Disclaimer: these are just my own opinions and not to construed as fact. Concerns should be addressed with your city or town's Building Department, office of Inspectional Services. Ask to talk with the chief inspector. They set the rules.... more
Thanks for the responses! I see. Yeah, I think they're just different places trying to get me to buy mortgage insurance. I asked my mortgage broker to make sure it's nothing I'll really need. She hasn't gotten backt o me yet.
The biweekly thing is still confusing to me. I'll probably do what you guys suggested and pay extra towards the principal when I can. I'm pretty clueless when it comes to all this...can someone tell me why by paying off a bigger principal help with the interest? I thought the lender already calculates the exact amount for each month already and it's just a matter of paying it off as we go or I can save it into a bank account and pay it later? Thanks everyone!!... more