You can find out what your home is "worth" by have a local real estate agent perform a Comparative Market Analysis to determine market value...or what your home could sell for in today's market.
You can find out what your home is "assessed" at by visiting the Shrewsbury Assessor's Office or, more conveniently, log on to www.shrewsbury-ma.gov. The assessment is the value that the town puts on your property (land and building). Multiply this value by Shrewsbury's tax rate and you have your property tax.
I live and work in neighboring Northborough so please feel free to call or email me if you have further questions!
RE/MAX Signature Properties
You should check with a mortgage lender to determine the interest rate etc. how much you need for a down payment will depend on the condo itself. Mortgage companies look at what is called the "warrantability" of the condo. This is related to the number of owner occupied units, the number of units owned by 1 person, the condo fee deliquency rate and many other items.
So while you can probably get a "blanket" preapproval letter, you may need to consult your mortgage lender before making an offer on a particular condo.
I would be happy to help you find a condo if you need assistance. Feel free to contact me. email@example.com or 508-612-6206... more
If a house is in "move in" condition. Systems work, kitchen and baths are complete, then you should have no issues. I assume you are looking at homes with dated interiors that will need some sprucing up?... more
Real estate law doesn't allow an agent to recommend a specific home inspector to a non-client. This is a link to the list of MA licensed home inspectors
If you have an agent, they should be able to make a suggestion. If not, you could try speaking with neighbors or local contractors or service people. Good luck!... more
Hi Again, R.
I think you may have meant to say "instead of $350,000 to pay $370,000...."
Either way, I think I can answer the question. Many buyers DO ask for the sellers to give them a credit back at closing to be applied towards closing costs and prepaid items (such as real estate taxes which are paid in advance). I believe the maximum allowable credit is 6% of the sale price (but PLEASE confirm with your lender).
Based on a purchase price of $370,000 that would be $22,200 so you, as the buyer, would reap the larger benefit. If you have a seller who is willing to agree on these terms, you just might want to go for it! Again, check with your lender first though!!!!
RE/MAX Signature Properties
Marlborough, MA... more
Professionally finished basements add a significant value to a home especially one with a walkout basement. You may want to check out the zoning laws in Shrewsbury regarding in- law apartments since you seem to be planning to create one.... more
My preferred mortgage company has a wonderful tool....a buy vs rent calculator:
It really all depends on the persons individual circumstance, but this will help someone decide.... more
Closing costs can differ from purchase to purchase depending on yoru type of loan and how many points you are paying. On average most closings costs are 3% of teh purchase amount. however if you are or are not paying points on yoru mortgage, this amount can go up or down.
Check with your loan officer, they are supposed to give you a good faith estimate that states what your approximate closing costs will be. it is required by law.
good luck with your purchase..
FOR TIPS ON GETTING A MORTGAGE... more
The property is being marketed with a company that focuses on foreclosures - realty trac. They are not the agency selling the property so you would need to hire a buyer agent to either contact realty trac or the bank that owns the property to get more information for you. Or you could try buying it direct.
Good luck!... more