Home Buying in Cambridge : Advice

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Richard Leci…, Real Estate Pro in Tucson, AZ
Richard Lecinski answered:
Buying a condo as an investment
You must run your numbers to see if you will run a positive cash flow and certainly allow for a period when the unit may not be rented.
0 votes Share Flag Sat Jul 31, 2010 Home Buying in Cambridge
Rona Fischman, Real Estate Pro in Somerville, MA
Rona Fischman answered:
What are some good affordable alternatives to living in Cambride?
I bet you hate answers that include, "that depends," but I have to give you that caveat. If you are looking for space, but close to the city, that's one thing: Medford, M ... more
0 votes Share Flag Wed Jun 16, 2010 Home Buying in Cambridge
Voices Member,  in
Voices Member answered:
Please can someone explain the different 'neighbourhoods' of Cambridge to me.
Jackie,

There are 13 neighborhoods that make up Cambridge, MA. The best reference I can provide is to go to this website:
http://www.cambridgema.gov/GIS/MapAtlasList.cfm

It prov ... more
0 votes Share Flag Fri Jan 7, 2011 Home Buying in Cambridge
Voices Member,  in
Voices Member answered:
How do I find out who the owner of a property is?
Thizz

Have you tried looking it up on your Cambridge property search site?
http://www.cambridgema.gov/fiscalaffairs/PropertySearch.cfm

Here are the property search sites ect.. av ... more
0 votes Share Flag Thu Feb 25, 2010 Home Buying in 02138
Deb Mccourt, Real Estate Pro in Massachusetts
Deb Mccourt answered:
Have condos sold for less than their assessed value recently?
Hi Bruce,

While I see over and over again, many ads discussing "assessed value", most Realtors do not incorporate the assessed value in determining market value.. Assessed translate ... more
0 votes Share Flag Fri Jun 19, 2009 Home Buying in Cambridge
Rona Fischman, Real Estate Pro in Somerville, MA
Rona Fischman answered:
Any thoughts on the long term value of condos that are basement units?
If you are buying it now, it should be at a pretty deep discount. Basement units sell poorly in recessions. If you don't mind a basement, you may get a good deal on it. The people who g ... more
0 votes Share Flag Sun Jun 30, 2013 Home Buying in 02138
Danielle Sha…, Real Estate Pro in Cape Coral, FL
Danielle Sharp answered:
A Buyer and Seller sign a Short Sale Purchase Agreement with an Addendum, buyer may cancel for any reason
Michael,

Depending on how the contract is worded, yes. Short sales do take a bit of time to receive a response from the bank unless you're lucky enough to find something with a bank ... more
0 votes Share Flag Fri Jun 19, 2009 Home Buying in Cambridge
Anne H. Cain, Real Estate Pro in Cary, NC
Anne H. Cain answered:
Is it a good or bad idea to buy a house that's a short sale and why?
Occasionally you can get a very good deal on a short sale. You will usually be paying less than what the current owner of the house paid when they bought it. That does not mean you ar ... more
0 votes Share Flag Thu May 7, 2009 Home Buying in Cambridge
Rona Fischman, Real Estate Pro in Somerville, MA
Rona Fischman answered:
is it a good time to buy in camridge/ somervile/ arlington in the summer or wait till the winter months?
In the towns you are looking in, I haven’t seen a good buyer’s market take hold, yet. You may even need to wait until next year. The link below is a blog entry on demand t ... more
0 votes Share Flag Wed Mar 25, 2009 Home Buying in Cambridge
Robert Byrne, Real Estate Pro in 02118
Robert Byrne answered:
We closed on our home on October 24, 2008. We had a home inspection prior to buying the home. He never
Kari,
Check the documentation you signed when you hired the inspector there may be a clause limiting the damages to the amount you paid for the service. There may be limits on what h ... more
0 votes Share Flag Thu Nov 26, 2009 Home Buying in Cambridge
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
How much less than asking price it is reasonable to offer?
There is no set amount ofr percentage to offer on a property. it is easier to see what other properties have sold for so you can bas eyour offer on what is today value. When purchasing ... more
0 votes Share Flag Mon Jan 26, 2009 Home Buying in Cambridge
The Moores', Real Estate Pro in Templeton, MA
The Moores' answered:
iHI. IM LOOKING FOR HOMES ON LAND CONTRACT, WITH LITTLE DOWN FOR DOWN PAYMENT. CAN YOU HELP/?
Dear Debra,

Where are you looking for this property? My husband and I have several properties in the Greater Gardner area. Thats a "bit" west of Cambridge.

Do feel free to conta ... more
0 votes Share Flag Fri Sep 26, 2008 Home Buying in Cambridge, MA
Mike Hughes, Real Estate Pro in Newton, MA
Mike Hughes answered:
Looking to Rent a 3BR near Cambridge, MA
Greetings Goblyn,
Contact AlcoveRealty.com or BostonApartments.com ... you should be able to find what you are looking for, or speak with someone who can help.
Good luck,
Mike
0 votes Share Flag Mon Aug 25, 2008 Home Buying in MIT, Cambridge, MA
Debt Free Da…, Real Estate Pro in 85260
Debt Free Dave answered:
I am looking for information on the Beazer developments in Cambridge, MD
Have you done a google search. You can find everything on Google.
0 votes Share Flag Thu May 22, 2008 Home Buying in Cambridge, MA
Dm, Home Buyer in Somerville, MA
Dm answered:
Sump pump in garden-level room: should I be worried?
I should note that the property was remodeled 2 years ago, so looking for signs of water damage might not tell me everything I need to know...
0 votes Share Flag Thu May 8, 2008 Home Buying in Cambridge, MA
Mary, Home Buyer in
Mary answered:
I am looking to buy a condo in a new construction and wanted to put in a bid that's 10 less than asking. I
Just to clarify.... I wanted to put in a bid that's 10% less than asking....
0 votes Share Flag Fri May 9, 2008 Home Buying in Cambridge, MA
Jon Ernest, Real Estate Pro in Brookline, MA
Jon Ernest answered:
With a new huge condo community coming up in East Cambridge, do you think it's wise to wait before buying
Not if you have your eyes set on that particular project. The longer you wait, the fewer "choice"units will be available to you. And while it really slows down around here in the wint ... more
0 votes Share Flag Wed Feb 20, 2013 Home Buying in East Cambridge
Voices Member,  in
Voices Member answered:
I'm contemplating purchasing a condo in the Cambridge area for the next 3 years
Because it sounds like you're concerned about the "investment" aspect of your purchase...

Local market conditions aside, I would spend some time working the numbers for a place that ... more
0 votes Share Flag Sat May 10, 2008 Home Buying in Cambridge, MA
Barbara Mada…, Real Estate Pro in Albuquerque, NM
Barbara Madaras answered:
Are there any advantages of not hiring a buyer's agent and just working with a seller's agent since you can?
My comment is that it is always difficult to serve two masters! Having done "double ending" deals and done them with grace and ethics, I can tell you they are the absolute hardest tran ... more
0 votes Share Flag Mon Nov 21, 2011 Home Buying in Cambridge
Michael Giles, Real Estate Pro in Beverly, MA
Michael Giles answered:
Does living in a complex with subsized housing or next to low income housing affect future resale values?
Hi St,
If nothing else changes in the neighborhood over the next five years, and you are paying market value today, the value should rise and fall with the market. Also, be caref ... more
0 votes Share Flag Mon Apr 28, 2008 Home Buying in Cambridge, MA
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