01907 : Questions & Answers

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Sarah Goulart…, Real Estate Pro in Bourne, MA
Sarah Goulart Nathe answered:
can my son buy a house to live in and rent part of it to other students and use the rental income to qualify for an FHA home purchase loan?
Are you saying he would only qualify for the loan assuming he has this additional future rental income?

Then no. Have him call a mortgage broker to find out what he can qualify for ... more
0 votes Share Flag Fri Mar 22, 2013 Financing in Swampscott
Voices Member,  in
Voices Member answered:
I want to make an appointment to see the house 24 Phillips St. Swampscott. Call me at 617-271-1589
Hi Maria,

I am just checking in to see if you have been able to see 24 Phillips Street in Swampscott or if you need any assistance in purchasing your new home.

Please let me know ... more
0 votes Share Flag Tue Jul 31, 2012 Rentals in Swampscott
Paul Stonkus, Real Estate Pro in Lynn, MA
Paul Stonkus answered:
Does anyone know of anything reasonable for 1 immaculate, quiet older woman. We need something by 8/1
Is this a rental or purchase?
0 votes Share Flag Sun Jun 3, 2012 Rentals in Swampscott
Connie Irving, Real Estate Pro in Marblehead, MA
Connie Irving answered:
Is Swampscott a nice place to live? (safety). We are a couple (early 50's ) new to MA and looking for a place to buy. My husband works in
I have proudly been a resident of Swampscott for 5 years. Relatives of mine have lived here close to 20+ years! It is a great ocean side community. I love the small town feel but with a ... more
0 votes Share Flag Sat Jan 25, 2014 Home Buying in 01907
Joseph Domino, Real Estate Pro in Scottsdale, AZ
Joseph Domino answered:
If my real estate agent cannot host an open house, can I as the owner? There is nothing in my agreement that says I cannot. Thanks in advance.Su...
Absolutely you can. Your agent should welcome this additional help. However, make sure you are prepared. Safety is important when holding an open house. Put away valuables. Keep goo ... more
0 votes Share Flag Tue Jun 15, 2010 Home Selling in Swampscott
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How is it possible that an owner bought the house in 2002 for $369,000 and owes $317,000 in 2010.?
That makes perfect sense. Assume they bought for $369,000 and put 5% down. That means they financed $350,550. Assume they had a 7% 30 year mortgage. They'd owe almost exactly $317, ... more
0 votes Share Flag Wed Jun 2, 2010 Home Buying in Swampscott
Amy E Mateus, Real Estate Pro in Massachusetts
Amy E Mateus answered:
For a single family home, what is the better resale value, a 3 bedroom or a 2 bedroom home?
It all depends on the buyer but in my experience 3 bedroom homes seem to have better re-sale value.
Hope this helps.
0 votes Share Flag Sun May 13, 2012 Home Buying in 01907
Mr. Incognito, Home Buyer in Massachusetts
Mr. Incognito answered:
Are sellers disillusioned about the current market conditions?

It appears that home sellers are in denial about the current market conditions.
0 votes Share Flag Fri Dec 7, 2007 Home Selling in Swampscott, MA
Ken Pujdak,…, Real Estate Pro in Greenville, SC
Ken Pujdak, CPA answered:
for an old 2-family is it worth renovating, even slightly, in advance or just sell as is?
An "as is" property is not going to naturally fetch a better price by waiting a few months. Since you inherited the property and you don't have cash to restore the home to fair market v ... more
0 votes Share Flag Tue Nov 6, 2007 Home Selling in Swampscott, MA
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