Home Buying in Cambridge : Questions & Answers

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Louis Wolfson, Real Estate Pro in Newton, MA
Louis Wolfson answered:
how to price the cost of land ,having a flat at cambridgeport commons. for the purpose of depreciation in schedule E ( tax purpose)
As you know land is not depreciable. and typically and in high rise condo's the towns typically don't give the land a value. Therefore you can depreciate the entire value of the prope ... more
0 votes Share Flag Fri Apr 26, 2013 Home Buying in Cambridgeport
Susan Murie, Real Estate Pro in Cambridge, MA
Susan Murie answered:
Safe neighborhood in Boston/Cambridge
Hi Murphy Law

East Arlington, which borders Cambridge and is an easy 15/20 minute bus ride to Harvard, is an excellent option for you as it meets all of your criteria. There will al ... more
0 votes Share Flag Sun Feb 3, 2013 Home Buying in Cambridge
Elizabeth Bo…, Real Estate Pro in Cambridge, MA
Elizabeth Bolton answered:
Is it worth buying a small apt for investment (renting it)? I want to avoid all possible repairing issues, since I live overseas
Hi Harry - Absolutely. The Cambridge rental market is very strong and condos are an excellent investment right now. I own a two-family and it's never been vacant one day since I bought ... more
0 votes Share Flag Sat Feb 2, 2013 Home Buying in East Cambridge
Damian Musel…, Real Estate Pro in 02143
Damian Musello answered:
How is the real estate market in West Cambridge at the moment?
Give me a call. I graduated from BU...BA Journalism.
0 votes Share Flag Wed Mar 27, 2013 Home Buying in West Cambridge
Peter J. Mla…, Real Estate Pro in 33131
Peter J. Mlaguzi Iii answered:
How do you know that house that is listed is already under agreement or actually has been sold?
Pamela,

How are you? The way you are able to identify a property is under agreement or sold if not clearly indicated online is by asking a realtor. Did you have a property in mind? ... more
0 votes Share Flag Fri Nov 2, 2012 Home Buying in 02139
John J Dean…, Real Estate Pro in Somerville, MA
John J Dean Jr answered:
i'm need a soft second loan but my score is 645 is there any other alternatives for me
There may be options for you but it will be difficult with that credit score. Have you started to speak with local banks or a mortgage broker ?
0 votes Share Flag Wed Feb 20, 2013 Home Buying in 02138
Dennisj, Real Estate Pro in Cambridge, MA
Dennisj answered:
Hi, just how hard is it to do a 1031 exchange? Mine would be complicated. I own a 2 family and live in 2/5 of it. My understanding is that I
Hi Sarah (?),

Thanks for asking such a great question!

Just as with many things in life which have some complexity, if you have someone beside you who has been down the same path ... more
0 votes Share Flag Fri Nov 15, 2013 Home Buying in Mid-Cambridge
Louis Wolfson, Real Estate Pro in Newton, MA
Louis Wolfson answered:
Buying half of a co-owned two family home...does this effect loan and tax benefit eligibility for first-time home buyers?
Cambridge born, Do your folks live in the property? If they do I or have lived in it 2 out of the past 5 years, I suggest you buy your folks half, they can take upto the 500k capita ... more
0 votes Share Flag Mon Nov 21, 2011 Home Buying in Cambridge
Nichole Book…, Real Estate Pro in Cambridge, MA
Nichole Bookwalter answered:
Condo-izing two-family ... below market rate?
To really understand everything that is required to condo a building, I would recommend that you contact The City of Cambridge as well as a real estate attorney. The price of a propert ... more
0 votes Share Flag Thu Nov 3, 2011 Home Buying in Cambridge
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
I am a writer and so I do not earn a fixed income. I have $110,000 to put down. No debt. Gd credit record. What value home shld I be looking at?
Hi Charlenesmithwriter,

Contact a local lender and they will be able to calculate what you qualify for. Ask for a pre-qualification/pre-approval letter from them. Sellers like to s ... more
0 votes Share Flag Sun Jun 30, 2013 Home Buying in 02138
Greer, Real Estate Pro in Newton, MA
Greer answered:
Top price property -condo in a highrise- but no vents in kitchen and bathroom. Is this a bad buy / difficult resale?(No way of putting in vents)
You may have a problem with any future wish to update your bathroom if there is truly no way to put in a vent. Check with Inspectional Services ... but I believe current code requires ... more
0 votes Share Flag Sat Dec 21, 2013 Home Buying in 02139
James Oh, Real Estate Pro in Cambridge, MA
James Oh answered:
How old are windows in Cambridge on average? I.e. how new can one reasonably expect?
The median age of homes in Cambridge is approximately 64 years (29 years being the national average). Boston/Cambridge is, after all, a very old town! It's nearly impossible, or ju ... more
0 votes Share Flag Tue Mar 27, 2012 Home Buying in Cambridge
Jessica Harv…, Real Estate Pro in Newton Highlands, MA
Jessica Harvey answered:
New to condos and Cambridge, can anyone tell me how condo fees work? Thanks!
Hello Sam,

Each condominium's Master Deed and Declaration of Trust is different, therefore the way the condo fees are set up are different. Many condo fees are based on square ... more
0 votes Share Flag Fri Mar 18, 2011 Home Buying in Cambridge
Jessica Harv…, Real Estate Pro in Newton Highlands, MA
Jessica Harvey answered:
I am only interested in buying a unit at 346,348, or 350 Harvard St. 02138 How can I find out if there is a unit for sale in one of these buildings?
Hello Ino,

Give me a call and I will be happy to work with you to procure a unit in one of these buildings.

Best Regards,

Jessica Harvey
617-650-6750
JessicaHarveyRE@aol.com
0 votes Share Flag Sun Jun 30, 2013 Home Buying in 02138
Jacques Hand…, Real Estate Pro in Braintree, MA
Jacques Handal answered:
I will need a place to park my car but I am willing to take the T to work downtown. Where should I look for a 2 /2 in the Boston area? $400,000.
You could either buy in Quincy or Milton,both cities are near the downtown Boston area.You could find something very attractive within the price range of $400,000.You are going to need ... more
0 votes Share Flag Mon Jan 24, 2011 Home Buying in Wellington-Harrington
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Can i rent this place. I am an incoming Harvard University student, presently I am in Florida, will be coming 1st week of Sept. (407) 9518104.
Since no link is visible and no address given, you may wish to ask your question again--or keep in mind that any local agent(s) can help you, contact any realty office(s) and inquire.
0 votes Share Flag Wed Mar 27, 2013 Home Buying in West Cambridge
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
We have had our offer accepted on a house but now don't want to buy it. Can we get out of this contract if we have not yet signed the Purchase?
What is your agent advising--If you did not sign a contract and exchanged no deposit money, ask your agent to cancel--if you do have an executed contract--signed by all parties and depo ... more
0 votes Share Flag Mon Jul 5, 2010 Home Buying in Cambridge
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
repeat homebuyer question
Check with an accountant. I'm not an accountant, so this isn't accounting advice. However . . .

You actually have several different issues involved here. Let's take t ... more
0 votes Share Flag Tue Feb 23, 2010 Home Buying in 02141
Bill Patters…, Real Estate Pro in Boston, MA
Bill Patterson answered:
Museum Way in East Cambridge, the Regatta Riverview to be exact. Any views/opinions on a condo there? The taxes/condo fees are expensive.
Hi There,
I think the condo fee there is, actually, very low. Not a sales pitch here either. Take a look at other buildings that have similar amenities (elevator, pool, gym, concierg ... more
0 votes Share Flag Tue Jun 8, 2010 Home Buying in Cambridge
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