Stephen Amaral

I'm a:	Real Estate Professional
Location:	Medford

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my house in chelsea has been on the market for 2 years. now hoping for shortsale at 125k. It is vacant, I

Asked Mon Jan 7 2008, 11:03 by Barb - Chelsea - Foreclosure - 4 answers

Stephen Amaral answered:

Hi Barb,

Barb do you still have the property? I've been dealing with many short sales lately and I'm sure I could help you with the process. If you have an agent that's not sure how to do one have them call me. - Mon Feb 18 2008, 17:46

My father just died (my mother died years ago), and he willed the home to me. The home is in MA, and I live

Asked Mon Feb 18 2008, 16:01 by Lillian - Massachusetts - Home Selling - 12 answers

Stephen Amaral answered:

I'm not a tax advisor but I would contact one before you make a decision. Remember that once you rent the property you now have a rental property which could be subject to capital gains. If don't rent it you could be responsible for just an inheritance tax if there is one. but I'm pretty sure once you've rented there's no going back. If the house is in the North Shore area I could take a look at it and give you an oppinion. I am currently working with a seller that live in CA to sell her 3 condo's here in MA.

Good Luck - Mon Feb 18 2008, 17:36

We are looking at a house that's listed at 400,000, yet assessed at 360,000--isn't this trouble?

Asked Sat Feb 16 2008, 16:10 by Albert - Salem - Home Buying - 8 answers

Stephen Amaral answered:

Hi Albert,

The assesed value has nothing to do with current market conditions but is only what the city values the property at for tax purposes. I could do a quick Market analysis for you if you'd like me to. Just give me the address and I'll give you my oppinion. Remember the higher the assesment the higher the taxes. - Mon Feb 18 2008, 17:29

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