Property Q&A in Somerville>Question Details

Beth, Home Buyer in Somerville, MA

There are three units in this building. One is sold and the other has an accepted offer.

Asked by Beth, Somerville, MA Mon Mar 2, 2009

Is there any information on the third or #2 unit in this building? is it bank owned as well? for sale?

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Bank owned which means it is being sold in as is condition. The bank will not hold any liabilities if the property has issues, pay for them or give you a discount on price because of them. Essentially you will be negotiating with a company - more paperwork and stricter contracts which equals longer time to close. Upside is usually these properties sell for slightly under market value but be warned they can be a headache.

Hope that helps!
0 votes Thank Flag Link Tue Mar 3, 2009
hi Beth,

Unit one is a bank owned and it is on for 232K with over 1300 sq ft of living area, 3bdrs and 2 baths; if you'd like more information do not hesitate to contact me
Century 21
0 votes Thank Flag Link Mon Mar 2, 2009
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