It really depends on several variables - but predicting 5 to 7 years out is hard . That said, the general rule is that you need to be in a property at least three years in a normal market to break even - by break even I mean the costs to the seller (agents fee, stamp taxes, attorney fees, etc) are covered by the increase property value. Happy to discuss further....just reach out to me... more
Haven't heard of it from sellers direct, but it's possible when it's a by agent listing as most are. We used http://www.hauseit.com/home-buyer-cash-back/ .. the guys assigned us a top local NYC agent who gave us free professional representation and 50% of the commission he earned post closing. Win win!... more
Hey there! I would suggest you to try getting some answers from people who moved there recently or have experience with that in the past. One of the networks I always suggest is InterNations. Once you log in you can check out their forums. They also organize bunch of activities and events once you are there so you could meet a lot of people. Lot of international ones as well. You can check them out here: http://www.internations.org/boston-expats... more
It seems like you have thought about a lot of the things you would need. I would suggest that you focus on the search to ensure you're getting all of the help you need from the best available professionals. The last thing you want to deal with is something being done wrong because you hired someone inexperienced. Get references for all of the services you think you'll need. Meet them to get quotes and decide if you like them, then hire the best one. That way, you should get the best help available to you.
For a VA loan does Townhome = Condo?We're approved for a VA loan and are trying to purchase a tow home. From my understanding townhomes (attached, in a complex) fall under the same requirements as condos, in that, they have
Trulia does not support For Sale By Owner listings. All listings on Trulia are generated by the listing Real estate agent; Trulia scans the MLS data base and posts that information to their web site. If you have your home listed through a licensed Realtor then your listing should appear on Trulia within 72 hours after going live in the MLS system... more
Downtown Boston's infrastructure, population are prices are growing rapidly. When people work downtown or are at one of the many universities but cannot afford to live in the heart of the city, they look for easy accessibility. For us, that is our public transportation system, the MBTA. Look for nearby cities right on or near the MBTA that have growth in their future and lower-than-Boston prices. They will catch up. Quincy and Malden are two that come to mind. Good for flipping or buy and hold.
If you are looking for a higher price tag, check out apartment buildings near universities and hospitals. This would most likely be for buy and hold investors. Just don't forget to charge a security deposit.... more
I'm sorry you are going through this. Did you use New Mexico's standard P&S? I am a realtor in Massachusetts who also has a law degree. If you used the standard P&S in New Mexico, unless the buyer notified you (or your real estate agent or attorney) in writing that they were exercising the financing contingency, you should have a more than solid claim to keep the deposit paid by the buyer as damages. Even when there are no contingencies in the offer, such as an appraisal contingency, all buyers (besides cash buyers) will have the financing contingency in most standard P&S contracts. I would recommend you consult an attorney, if you haven't already done so, to get specific advice for your situation and P&S. Good luck.... more
can you be forced to pay condo fees?2 unit condo 19 yrs. boughtt at same time condo docs stated set trustee acct. we went 50/50 instead we had disagreement not related to condo other unit hired lawyer. this is lst trustees
The agreement most likely had a mortgage contingency. Prior to providing the commitment, the lender will verify income again and if there are any changes, the buyer might not get the commitment. Therefore, they are still within contract and can get their deposit money back.... more
Giving gift to your clients is a really nice thing to do. Its a big decision and someone trust you big. Not only an agent is professionally responsible to keep the trust and work for best interest, but also show thanks by giving a memorable gift. I would say 5% of the agents earned, will do a lot.
A good agent will continue a relationship after the transaction just in case something comes up after a few months; who else is better to advise.... more