Home Buying in Melrose : Questions & Answers

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HelpUBuy Ame…, Real Estate Pro in 75019
HelpUBuy America answered:
As a potential buyer, can I find out why another buyer just "walked away" from a deal on a property I am interested in?
You can ask the listing agent, but I doubt you'll be able to speak to the other buyer. A better question to ask is whether an inspection was done and if so, is there a copy you can see. ... more
1 vote Share Flag Mon Aug 11, 2014 Home Buying in Melrose
Richard Shap…, Real Estate Pro in Framingham, MA
Richard Shapiro answered:
Offer to buy a condominium - additional contingencies
I am a mortgage broker in MA. If you are financing your purchase, most of what you ask for will be reviewed by the Lender as a condition of the mortgage. A condo will need to be in goo ... more
1 vote Share Flag Thu Jul 31, 2014 Home Buying in Melrose
Kevin Vitali, Real Estate Pro in 01876
Kevin Vitali answered:
I read that Melrose home prices were up 7% in 2011. What do you think is the big attraction? Do you expect home values to continue to rise here?
Melrose has been an upcoming town for many years. The change started when they really started to re-vitalize the downtown. The draw to Melrose is many fold.

Melrose has access to t ... more
0 votes Share Flag Fri Dec 6, 2013 Home Buying in Melrose
Lesley Smith, Real Estate Pro in Melrose, MA
Lesley Smith answered:
We want to move to Melrose, but the high school is a 6/10 on GreatSchools.org. Anyone know why? Is it improving?
Hi Kerry,
My kids both went through the public elementary school system in Melrose and we were very happy with it. My son went to the middle school and we were happy with that as wel ... more
0 votes Share Flag Fri Jun 7, 2013 Home Buying in Melrose
amyreusscaton, Home Buyer in Melrose, MA
amyreusscaton answered:
Scoop on the Marmion St house that FSBO for 2 years. Have called multiple times, with no response. It is really for sale?
Thanks for responses. Yes, I believe Rock is the home owner. I already have buyer's agent, who I like very much, and who has also called on the home without response. Was simply int ... more
0 votes Share Flag Sat Jul 28, 2012 Home Buying in Melrose
amyreusscaton, Home Buyer in Melrose, MA
amyreusscaton answered:
Tell me why YOU want to own New Construction?
While there are advantages to new construction, there's not much available in Winchester and surrounding towns. And that which is available is quite cheaply done -- and in not great lo ... more
0 votes Share Flag Thu May 31, 2012 Home Buying in 02176
Bill Butler, Real Estate Pro in Winchester, MA
Bill Butler answered:
Melrose listings--negotiable?
Hi Rich,

Condos are more flexible in price than single-family homes right now. We're seeing virtually all single-family homes that are properly priced, sell with multiple offers - o ... more
1 vote Share Flag Tue May 8, 2012 Home Buying in Melrose
Bill Butler, Real Estate Pro in Winchester, MA
Bill Butler answered:
Is now a good time to buy in Melrose, MA? Are there any neighborhoods to avoid in Melrose?
It's a good time to buy in Melrose but if you're looking for a "bargain", you'll be hard-pressed to find one. The market is such that if a property is priced j ... more
0 votes Share Flag Mon May 9, 2011 Home Buying in Melrose
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How much should one offer on a bank owned property?
Here's a formula, a variation of one used by investors:

(1) Determine the ARV (after repair value) of the property. What will it be worth in good condition? (Get your Realtor to do a ... more
0 votes Share Flag Mon May 25, 2009 Home Buying in Melrose
Ken Lambert, Real Estate Pro in Exeter, NH
Ken Lambert answered:
Good afternoon:We are interested in purchasing a condo that is part of a 2-condo association (side by
Hello Steve- Be very careful with this purchase. I'm a mortgage broker and I deal often with people wanting to buy condos that they can't physically get a mortgage for. If you're not ... more
0 votes Share Flag Mon Aug 18, 2008 Home Buying in Melrose
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