Richard F. Power

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Richard F. Power, in Marshfield
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Jennifer, Home Seller in Scituate

My issue is regarding the infamous Title V! Yuck. I am selling my condo unit, have a buyer, and have found my

Asked Sun Jun 22 2008, 17:57 by Jennifer  -  02066  -  Home Selling  -  2 answers
Richard F. Power answered:
Jennifer, while you should consult with an attorney regarding this issue, I believe that as a condo owner, you have a "percentage interest" in the common area which would include the septic system. I would certainly argue that the holdback should be 1 1/2 times your percentage issue, not the entire cost of the repair. I'd also find out from your association when the work will be done...the sooner, the better. - Mon Jun 23 2008, 04:16
Jaymac, Just Looking in

Properties,at least condos,in Rockland seem to be assessed for a lot more than their listing prices.How come?

Asked Thu May 8 2008, 06:34 by Jaymac  -  Rockland  -  Market Conditions  -  4 answers
Richard F. Power answered:
Jaymac, good afternoon. In today's market, with prices that have been in decline for some time, it's not unusual for assessed values to be behind the market. Assessed values won't change until your town reassesses the entire town, or you file for an abatement proving to the town that the property is no longer worth what they have it assessed for. Keep in mind that if the entire town was reassessed with values accurately reflecting today's resale values, the tax rate would increase,, and your tax bill would remain about the same. You only save money if your property is re assessed at a lower rate with the rest of the town remaining the same. - Thu May 8 2008, 10:20
Katherine, Home Buyer in Quincy

Are we at the end of the spring market or the peak? Will more houses be coming on before Mem. Day wkd?

Asked Fri Apr 18 2008, 10:58 by Katherine  -  02043  -  Home Buying  -  3 answers
Richard F. Power answered:
Hi Katherine, timing the spring market is very difficult. We're seeing a brisk market right now with lots of activity in most price ranges. I'd say we are nearing the peak but with interest rates still good, I think the activity is going to continue for a bit longer. Right now there are 56 single family homes in Quincy "Under Agreement." The prices range from $164,900 - $699,000. The average list price is $355,000. The average days on the market is 101 for these listings, with the lower priced homes moving much sooner. Any time is a good time to become active buyers or sellers. The key is to do your homework when figuring pricing.

Good luck,

Dick - Fri Apr 18 2008, 12:12
Haider, Home Seller in 02066

what is the medium price of homes on the water 02066 area?

Asked Wed Apr 2 2008, 07:31 by Haider  -  02066  -  Market Conditions  -  3 answers
Richard F. Power answered:
Haider, good evening. I found your question very interesting and did a bit of research. I took you literally when you asked for homes "on the water" and did not include those listed as being within walking distance or those that might have views of the ocean.

Here goes...I found 13 homes in the 02066 zip code which included one in the Humarock section of Scituate. The prices ranged from $399,900 - $2,449.00 with a median price of $699,900. Additionally, I found 4 condominiums that qualify , priced from $429,900 - $734,900. The median price condo price is $574,450. I hope the information proves helpful! - Wed Apr 2 2008, 16:35
Amy, Home Buyer in 02382

I've noticed the number of bank owned properties on the market has been increasing. How does buying a bank?

Asked Tue Mar 4 2008, 18:30 by Amy  -  East Bridgewater  -  Home Buying  -  6 answers
Richard F. Power answered:
Amy, You can go below asking price and should determine the price you offer based on comparable sales in your area. Your buyers broker should be able to establish a fair offer price on a property based on location and condition. Because many of these homes have been "winterized," doing an inspection becomes difficult so you must do your homework regarding repairs that will be needed. As mentioned by others, you must be patient. If you are in a position to study the market, recognize a good value and then wait them out, now is the time to jump in. - Wed Mar 5 2008, 02:49
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