Home Buying in Suffolk County : Questions & Answers

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MaryAnn Riel, Real Estate Pro in 01590
MaryAnn Riel answered:
how much value does three garages add to a property appraisal?
The value of a garage would depend on condition and location. The cost of new construction is one of the methods an appraiser will utilize to establish value and of course the value of ... more
0 votes Share Flag Yesterday at 6:44pm Home Buying in South Boston
lewisremingt…, Home Owner in Rochester, NY
lewisremington19 answered:
How confident are we about mold remediation?
I think that you can trust mold remediation. It's a process that you should have done if you find any traces of harmful mold in your home. You should not risk your health, nor your fami ... more
0 votes Share Flag Tue Apr 21, 2015 Home Buying in Boston
Kelsey Compa…, Home Buyer in Provo, UT
Kelsey Compars answered:
Can anyone recommend a home inspector?
Home inspections are so important and It is good that you are seeking recommendations. Once you have found a few recommendations there are still a few precautions I would recommend taki ... more
0 votes Share Flag Tue Apr 14, 2015 Home Buying in Boston
Rick Baker, Real Estate Pro in 02184
Rick Baker answered:
I want to know all details about the property: 6 Newbury St. Boston Ma 02116. Thanks.
6 Newbury Street is a collection of 4 spectacular new construction floor-through condominiums, ideally located steps from The Public Garden above Chanel. This is the last unit available ... more
0 votes Share Flag Tue Apr 14, 2015 Home Buying in Back Bay
Sally Grenier, Real Estate Pro in Erie, CO
Sally Grenier answered:
Hi, Are you looking for a new home or sell your House in the Metro Boston Area ? Feel free to reach out to me for a personal meeting.
FYI -- this section of Trulia is for us "Pro's" to answer questions from the public about buying or selling real estate. Is is NOT for agents to promote themselves. Please review Truli ... more
0 votes Share Flag Thu Apr 9, 2015 Home Buying in Boston
Travis Barfi…, Real Estate Pro in Boston, MA
Travis Barfield answered:
What are the average cap rates in South Boston right now? I see the Boston market as a whole are around 4.5-5% from CBRE right now. Thx!
Every neighborhood of Boston and property is different. Some properties return under 4% while some neighborhoods are around 8%. With that said South Boston is typically between 5-6% wit ... more
0 votes Share Flag Wed Apr 8, 2015 Investment Properties in South Boston
John Zhang,…, Real Estate Pro in Quincy, MA
John Zhang, Sr. Consultant answered:
Is it feasible to buy a condo for 4 people with a mortgage of most likely 30 years if we are going to sell.?
Depends on specifics of the situation. There are ways to do it if you can provide me. Call me at 857-258-0185 for free private consultation.
0 votes Share Flag Tue Apr 7, 2015 Home Buying in Downtown
Richard Shap…, Real Estate Pro in Framingham, MA
Richard Shapiro answered:
Can I get a mortage in Massachusetts with a credit score of 650?
Yes but it would be good to have your entire profile reviewed by a mortgage professional to make sure there is nothing in your credit profile that could prevent you from purchasing. Fur ... more
0 votes Share Flag Tue Apr 7, 2015 Home Buying in Boston
Ray Vasri, Home Buyer in Washington, PA
Ray Vasri answered:
who pays special assessments in the sale of a cpndo?
I have just recently come across a service which allows you to fill out or edit PDF forms online without having to download any software. I was able to print out my document and even fa ... more
0 votes Share Flag Mon Mar 30, 2015 Home Buying in Boston
David Charet…, Real Estate Pro in Easton, MA
David Charette answered:
I have been renting a house with a option to purchase. How does this money get applied if I wish to purchase? Can this be used as down payment?
More often then not its owner financing with extremely high rates. I would be happy to look over the terms for you at no cost if you have them get me the paperwork. You need to be very ... more
0 votes Share Flag Mon Mar 30, 2015 Home Buying in Boston
Travis Barfi…, Real Estate Pro in Boston, MA
Travis Barfield answered:
Where is the best neighborhood to invest in for a multi-family house.?
Investments are very individualized as everyone has a different comfort level and interest. As with stocks some people are short term and others long term. With that said you should eva ... more
0 votes Share Flag Thu Mar 26, 2015 Home Buying in Boston
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
What is a realistic rental income I can get from a $5MM investment in Boston real estate?
Are you looking at single family housing, multi family housing, retail, industrial or commercial properties. I have sold and owned all of them.

Returns are based on risks. Higher ... more
0 votes Share Flag Sun Mar 22, 2015 Investment Properties in Boston
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
When a afford is presented to the sellers agent but he doesn't show the afford to the seller what should be done ?
I am not clear what you mean by "afford" could you clarify please. ie; pre approval letter?
0 votes Share Flag Sun Mar 22, 2015 Home Buying in Boston
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
We got a 1992 home recently and found that after our closing that radon levels became 0 .I am not sure what the problem could be
Age of a home has nothing to do with radon. Radon is a gas and can fluctuate. Much has to do with ventilation, time of year etc.

What was the level prior to your purchase?

che ... more
0 votes Share Flag Sun Mar 15, 2015 Home Buying in Boston
Luciano Leone, Real Estate Pro in 01960
Luciano Leone answered:
is there any possible way to buy a home with minimal money down?
I'm a local Realtor with several lender contacts in the area that could be of assistance. If you'd like to discuss further, please click on my photo to get it touch and I'll send you in ... more
0 votes Share Flag Wed Mar 11, 2015 Home Buying in East Boston
Angela Guo, Real Estate Pro in Boston, MA
Angela Guo answered:
if there is no HOA fees listed under Fees and Taxes in Trulia, does it mean there are no HOA fees?
No, Trulia and Zillow are not accurate and often have omission when pulling from other databases. Always check via MLS through an agent you trust.
0 votes Share Flag Wed Mar 4, 2015 Home Buying in Back Bay
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
Is it safer to buy a 3 family outside the city or a condo in the city...both generate same revenue?
All real estate has risks. Condo's have fee's and condo boards, less maintenance, but more restrictive.

3 family depends on where? Lead? Repairs? Parking? More flexible investment ... more
0 votes Share Flag Thu Feb 26, 2015 Investment Properties in 02115
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
In which neighborhood might I find 3br/2bth townhomes with a good public high school and a T or rail stop in walking distance in the $650-850k range?
Lexington, Arlington, Winchester, Belmont would all be good options.

I'm partial to Newton (a little better commute to Cambridge) and Needham (not as easy to Cambridge) but great sch ... more
1 vote Share Flag Thu Feb 19, 2015 Home Buying in Boston
Yaw Anku, Other/Just Looking in
Yaw Anku answered:
How can I find FHA approved condos that are currently for sale in Boston?
get a list of FHA approved condos in Boston, MA 24/7 here http://homebuyerwise.com/FHA-Approved-Condos/city/Boston-MA_10284 The HUD site is not available on nights and weekends
0 votes Share Flag Tue Feb 17, 2015 Home Buying in Boston
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