01844 : Questions & Answers

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Ron Carpenito, Real Estate Pro in 01810
Ron Carpenito answered:
I've started looking into buying a home, regarding the asking price, what is the average % you can offer to get a good deal without paying the asking
That's a complicated question, because you need to first determine if the asking price is over, at or below the market value of the home to begin with. Then you need to determine the cu ... more
0 votes Share Flag Sat Apr 13, 2013 Home Buying in Methuen
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
Starting the research process
The steps to follow are always the same:

Step #1 = Sit down and speak with a loan officer or mortgage broker and it is best to talk with a couple.

Step #2 = Find a Realtor to w ... more
0 votes Share Flag Thu Jan 31, 2013 Home Buying in 01844
Amy Mullen, Real Estate Pro in Shrewsbury, MA
Amy Mullen answered:
My house is in Methuen Ma and bought in Dec. 2006 and value dropped significantly. I need to sell soon and would like to know some options
Good morning!

What is your reason for selling? That will help determine some options.

Amy
0 votes Share Flag Sat Oct 27, 2012 Home Selling in Methuen
Chris Lefebv…, Real Estate Pro in Methuen, MA
Chris Lefebvre answered:
Ask locals and real-estate experts
Hi Sully, do you have a question I could help you with?
0 votes Share Flag Wed Jun 20, 2012 Home Selling in 01844
EdithJasser…, Real Estate Pro in 60093
EdithJasser YourRealtor4Life answered:
The property at 80 Ames Street in Methuen, Ma how much. How do i get info on it?
It seems that the property at 80 Ames in Methuen is not for sale at this time, it was listed at one point for under 200 K, a local Realtor can double check it for you..... here is my su ... more
0 votes Share Flag Sat Jun 2, 2012 In My Neighborhood in Methuen
Yuan Li, Real Estate Pro in Lexington, MA
Yuan Li answered:
Does anyone have any comments about the condos at Regency at Methuen built by Toll Bros? I am looking to purchase. Thank you , dh
Hi there,

Unit 112 just had an accepted offer a few days ago, but they are still accepting back-up offers.

Are you looking to have your home designed and built by them in the comm ... more
0 votes Share Flag Thu Sep 20, 2012 Home Buying in Methuen
Chris Lefebv…, Real Estate Pro in Methuen, MA
Chris Lefebvre answered:
Is this condo for sale?
Hi Faith. Which condo are you interested in? I didn't see any address posted? I would be glad to help.
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Methuen
Petrina Floo…, Real Estate Pro in Medfield, MA
Petrina Floody answered:
The propery description for 8 Ridgewood Lane Methuen, MA states that the land is leased and renewed every 3 years @ $3,140/year. What does this mean?
It is presented that you may purchase the building and the right for that structure to be on the land for $3140 per year in rent. This is under a 3 year lease. Many times these leases a ... more
0 votes Share Flag Fri Apr 13, 2012 Home Buying in Methuen
Virginia Bro…, Real Estate Pro in Methuen, MA
Virginia Broadhurst answered:
We own a home bought @ $359k in '06. Now, we're interested in a bigger property listed $559k. Any advice w/ market trends and what to look?
Stan give me a call be happy to sit with you and go over trends etc. virginia
0 votes Share Flag Wed Mar 28, 2012 General Area in Methuen
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
I need help knowing more about an FHA and commercial loans? as well as brining an property to code for rental income?
FHA is not limited to a first time homebuyer if that is what you are asking. Owning a rental property does not necessarily keep you from getting an owner occupied FHA mortgage if you q ... more
0 votes Share Flag Tue Feb 28, 2012 Financing in Methuen
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
will i be responsibile for the remaining balance if my home goes into forclosure once the bank sells it.?
You certainly could, the baloance plus the expense of the foreclosure. You would be better off to sell it through a short sale where you can negotaite what happens to that shorted amoun ... more
0 votes Share Flag Sun Nov 20, 2011 Foreclosure in Methuen
Andrew Adams, Real Estate Pro in 01915
Andrew Adams answered:
Failed title 5 in MA - How do I get replacement estimates?
You will need a renovation loan. This time of year a bank is not going to close a conventional loan with the septic unless it's a renovation loan. By going with a renovation loan ... more
0 votes Share Flag Fri May 17, 2013 Home Buying in Methuen
Kevin Vitali, Real Estate Pro in 01876
Kevin Vitali answered:
What does VRP seller mean?
It means variable range. They will look at offers between price x and price y. It is a marketing concept that Prudential uses to supposedly increase buyer traffic.
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Methuen
Christina Wr…, Real Estate Pro in Beverly, MA
Christina Wright answered:
Rental market in Essex County, Massachusetts (Methuen, Haverhill, Lawrence, Lowell)?
It really depends on who your target is (groups, young professionals, urban dwellers) and what the property has to offer. Transit oriented rentals are your best bet right now. People wa ... more
0 votes Share Flag Sun Jun 20, 2010 Market Conditions in Methuen
Brian X. Mur…, Real Estate Pro in 01844
Brian X. Murphy answered:
please rate Chippy Lane neighborhood in Methuen
Hi, Hesszee!

Chippy Lane is a great neighborhood! It's a quiet area without a lot of traffic because it's not a through way. This means that the only traffic coming through ... more
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Methuen
Elizabeth J.…, Real Estate Pro in Northampton, MA
Elizabeth J. Herbert answered:
DOES THE LAW REQUIRE A LANDLORD TO NOTIFY THE TENANT THAT THEY ARE SELLING THE PROPERTY?
I asked this question of an attorney earlier this year and was told that by law they don't, but it's a nice courtesy if they do
0 votes Share Flag Mon Aug 13, 2012 Home Selling in 01844
Scott A. Nel…, Real Estate Pro in 02155
Scott A. Nelson answered:
is this house rent to buy ?
Which property are you referring to?
0 votes Share Flag Mon Jun 22, 2009 Home Buying in Methuen
Kristen Blan…, Real Estate Pro in Andover, MA
Kristen Blanchet Keegan answered:
Is 23 Hampshire Rd Unit 403 in Methuen for sale?
That condo has not been put on the market yet. The only unit currently available there is a two bedroom for 169,000. If you would like to send me your email address I can let you know w ... more
0 votes Share Flag Wed May 27, 2009 Home Buying in Methuen
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
I own two properties. I bought my condo I live in for $325,000 with $150,000 down.I owe $175,000. It is on
I think you should test the rental market. Foreclosure might have worse future implications than being a landlord for a couple years to see if the market turns around.

You are in to ... more
0 votes Share Flag Sun Sep 12, 2010 Home Selling in Methuen
Massachusetts…, Real Estate Pro in Massachusetts
Massachusetts Real Estate answered:
167 Tyler street has been forsale for quite a while when looking up this homes accessed value it is priced
Hi Brandi - Assessed value is not a good way to measure market value in general but this is especially true in this case. Property values in Methuen have taken a hit as they have everyw ... more
0 votes Share Flag Sat May 2, 2009 Home Buying in Methuen
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