Home Buying in Lowell : Questions & Answers

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Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Can the seller of a short sale back out after the bank has approved the sale?
Mudslide,
Your contract usually has ways for a buyer to back out, but not a seller. Have the contract reviewed by an attorney. Getting the seller's to perform will be tough, but it ... more
0 votes Share Flag Sun Jul 6, 2014 Home Buying in Lowell
Scott McCaul…, Real Estate Pro in Portsmouth, NH
Scott McCauley answered:
I was wondering if your able to buy a home if you have section 8 voucher. and if so what is the process?
You can if it is approved for a purchase transaction. NH has a program like that I have used before. I can't say I have done one in Mass but I am licensed in Mass. I'd be ... more
0 votes Share Flag Fri Feb 14, 2014 Home Buying in 01852
Betty J. Lev…, Real Estate Pro in Medford, MA
Betty J. Levin answered:
The home inspector just found out that the crawlspace is flooded and couldn't even finish the inspection.
These things can happen, as said before an extension would be something to look into. Hopefully you are working with a buyers agent and they can give you more specific guidance. Finding ... more
0 votes Share Flag Tue Jan 14, 2014 Home Buying in 01850
Brian Mastro…, Real Estate Pro in Norwell, MA
Brian Mastromatteo answered:
I just heard about the "Back to Work" program that FHA recently came out with. I believe I qualify, but cannot find a broker that works with this.
I may have broke can help you out. Give me a call 781 829 9496 Brian
0 votes Share Flag Tue Nov 19, 2013 Home Buying in Lowell
Anthony Piem…, Real Estate Pro in West Roxbury, Boston,...
Anthony Piemonte answered:
What happens if after the closing you discover a major bathtub leak that the home inspector missed?
You already closed..I would contact your real estate lawyer. Did you have a final walk through and it was missed then to. My understanding once you close the home is all yours...good or ... more
0 votes Share Flag Tue Oct 29, 2013 Home Buying in 01850
Donna Moakley, Real Estate Pro in Lowell, MA
Donna Moakley answered:
I am a US citizen living overseas (with foreign derived income). Can I buy a house in MA?
Tucker,

I would highly recommend the Mortgage Advisor with my company, ERA Key. Brian knows the mortgage business inside and out and would be able to provide the information you nee ... more
1 vote Share Flag Mon Sep 30, 2013 Home Buying in 01851
Anthony Piem…, Real Estate Pro in West Roxbury, Boston,...
Anthony Piemonte answered:
I am a seller and the radon came back at 4.0. The buyer is thinking about backing out without giving us a chance to fix it. Can they do this?
Before hitting the "panic" button, maybe agree to an extention on the radon test. You can always retake it. Touch base with the home inspector, make sure the test sample was not near a ... more
1 vote Share Flag Mon Sep 16, 2013 Home Buying in 01850
Jim Driscoll, Real Estate Pro in Lynnfield, MA
Jim Driscoll answered:
dear sir i have one question if i m the foreigner can i will buy house in Lowell?
we have a foreign national program but depending on your Visa status we might be able to do a conventional loan as well. Call me to review at 617-529-9007 and check out our web site and ... more
0 votes Share Flag Fri Aug 9, 2013 Home Buying in Lowell
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
Can you buy with a real low credit score and no money down?
I would contact a local lending professional to help with this answer.
There is not enough detail in your question.

I know this guy can be helpful: rtranchell@totalmortgage.com
Bo ... more
0 votes Share Flag Mon Jul 15, 2013 Home Buying in Lowell
Justin Melo, Real Estate Pro in Chelmsford, MA
Justin Melo answered:
Can I buy a house with my ITIN number?
Banks like to see 2 years of work in the same field, and your income will not be counted since you do get paid by cash. I'd be happy to discuss this further with you and see if I c ... more
0 votes Share Flag Sat Jul 13, 2013 Home Buying in Lowell
Kristen Blan…, Real Estate Pro in Chelmsford, MA
Kristen Blanchet Keegan answered:
i sawyou post this house several time, but it never exist.
It just went under agreement on April 11th. If you need help finding a property in the area please let me know and I would be glad to help!
0 votes Share Flag Tue Apr 16, 2013 Home Buying in The Acre
Toni Nicholas, Real Estate Pro in Lowell, MA
Toni Nicholas answered:
we offered on a house and it was accepted. We paid earnest $ till closing. the house is on the market and 15k less. it failed inspection today..?
No, that "isn't fine." The house should not be on the market after your offer was accepted complete with signed copies provided back to you. Yes, if you're using a MA standard Offer for ... more
0 votes Share Flag Sat Mar 30, 2013 Home Buying in 01850
Monica Mbaba…, Home Buyer in Washington, DC
Monica Mbabali asked:
why is 346 Boylston street abandoned?
0 votes Share Flag Thu Feb 28, 2013 Home Buying in Lowell
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
invest small unit and self-manage townhouse is risky ? at Lowell,mass
Unless you controll most or all of a small building, there are many pitfalls.
Lenders don't like to lend if more than 50% are rentals.
One foreclosure causes problems.
4 people getti ... more
0 votes Share Flag Tue Jan 29, 2013 Home Buying in Lowell
Toni Nicholas, Real Estate Pro in Lowell, MA
Toni Nicholas answered:
Lowell homes for investment
I live and work in Lowell, born and raised as well. I suggest you get pre-approved first, then choose and stick with one Real Estate Agent or Broker who can help you find what it is you ... more
0 votes Share Flag Thu Jan 17, 2013 Home Buying in Lowell
Christopher…, Real Estate Pro in Westchester, NY
Christopher Pagli - ABR, GREEN answered:
What's the liklihood of a seller dropping the price if it doesn't appraise equal to or higher than the selling price?
Hi, It really depends on thes seller. Once you know the personality type you are dealing with then it's easier to guage. Since the seller in this case is a flipper you have a pretty g ... more
0 votes Share Flag Mon Dec 24, 2012 Home Buying in 01852
Chris Doherty, Real Estate Pro in Lowell, MA
Chris Doherty answered:
What are the condo fees for the Jackson Street units?
Depending upon the specific unit they can range from 180-300.
0 votes Share Flag Mon Dec 24, 2012 Home Buying in Downtown
Chris Doherty, Real Estate Pro in Lowell, MA
Chris Doherty answered:
What is the area like around Cotton House Lofts? Is it quiet? If parking is across the street in the garage, is it safe walking back from the garage?
The Cotton Lofts are located on Jackson Street in Lowell and is part of the Jam district, a designated area for redevelopment that is an ongoing project. Over the past few years there ... more
0 votes Share Flag Mon Dec 24, 2012 Home Buying in Downtown
Michelle Riv…, Real Estate Pro in Chelmsford, MA
Michelle Rivera answered:
My husband and I are looking for a fixer upper. Can we apply for an FHA loan and also go through the city of Lowell to get downpayment assistance?
Hi Amy,

Yes you can apply for an FHA Loan - you will need to apply and qualify for a 203k Rehab Loan. That is also an FHA product whicht will allow you to complete the rehab or fixin ... more
0 votes Share Flag Wed Oct 3, 2012 Home Buying in 01851
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