Salem : Questions & Answers

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Jim Armstrong, Real Estate Pro in Salem, MA
Jim Armstrong answered:
what is the average change in sale prices of condos in Salem from May 2010 to the present?

The average condo sale in the first 5 months of 2010 was $234,817.
The average condo sale in the last 5 months (8/2012-1/2013) was $239,997.

With that said, it doesn't tell ... more
0 votes Share Flag Tue Jan 29, 2013 Market Conditions in 01970
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
Hi, I am looking for a 2 bedroom rental in or around the Salem area for 2 couples with a medium sized (25lbs) quiet dog.
I would use a local rental professional.
Dogs can complicate a rental, because the landlord's insurance may not allow them.
A good rental procan help you know which landlords will ac ... more
0 votes Share Flag Fri Sep 28, 2012 Rentals in Salem
Susan Keenan, Real Estate Pro in Salem, MA
Susan Keenan answered:
2 bedroom Salem rental
I'd be glad to help you to locate something. If you'd like some help, email me and we can discuss the options.
0 votes Share Flag Sat Aug 11, 2012 Rentals in Salem
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
The price of homes has been dropping in the last 10 years in Salem. Is this a indication of a good time to buy, or is the area in decline?
Depends on your reason for buying - to live in and enjoy or as an investment?

Investments are always a good time to buy, but you must know that the income will support the debt, expe ... more
0 votes Share Flag Fri Jan 11, 2013 Market Conditions in Salem
Ellen Friedm…, Real Estate Pro in 02139
Ellen Friedman answered:
When a realtor shows you the listing of a house and it states it has 2 fireplaces Do they have to be in working condition?
Not really, although there should be a disclosure stating either that they are not working or that their condition is unknown. Certainly the statement that there are two fireplaces wit ... more
0 votes Share Flag Thu Feb 9, 2012 Home Buying in Salem
Christine M.…, Real Estate Pro in Wilbraham, MA
Christine M. Moran answered:
What does a free zone refer to in a school district map?
You have would to call the schhol district. I have heard of drug free and gun free.
0 votes Share Flag Mon Jan 23, 2012 Home Buying in 01970
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
does cement siding / asbestos siding affect the value of a property?
Asbestos will cause a problem at some point when the house needs to be torn down. Until then it should not be a problem really. It will hurt the value, to some degree, because buyers do ... more
0 votes Share Flag Wed Apr 8, 2015 Home Buying in 01970
Amy Mullen, Real Estate Pro in Shrewsbury, MA
Amy Mullen answered:
How long does the foreclosure process usually take?

Chase has never put it on the market? It could still be in probate with the family.

0 votes Share Flag Thu Jan 19, 2012 Foreclosure in Salem
Sarah Goulart…, Real Estate Pro in Bourne, MA
Sarah Goulart Nathe answered:
Any cities/towns in commuter proximity to Canton that are similar to Salem, MA?
Hi Kathy,
What do you mean by 'similar'? I may be able to suggest some towns that would work, I just want to know what exactly you are looking for. Is it the history you li ... more
0 votes Share Flag Thu Oct 13, 2011 Home Buying in Salem
Jeffrey Cart…, Real Estate Pro in Salem, MA
Jeffrey Carter answered:
How terrible would the commute be from Salem, MA to Canton, MA?
Hello Kathy,

I'm a native to Salem and know all about traffic. There are several routes you could take 128 southbound or go through Boston via RT 1 South. Either way you are l ... more
0 votes Share Flag Sat Oct 15, 2011 Traffic & Public Transportation in Salem
Richard Shap…, Real Estate Pro in Framingham, MA
Richard Shapiro answered:
Being English could you explain the meanings to the following words - Condo, Twnhm, Apt, Single family home, Multi family home Thank you
Condo and townhome might be used interchangeably. Both refer to a condominium style of ownership where you own your unit but are also part of an association that owns the common areas. ... more
0 votes Share Flag Sat Feb 18, 2012 Home Buying in Salem
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
if i buy a home with asbestos siding is it dangerous? a lot of homes ive looked at have asbestos siding in our price range.
Asbestos is dangerous when it is disturbed and the small particles are breathed into the lungs. Left alone, as I understand it, there is no worry. Asbestos was very common prior to 19 ... more
0 votes Share Flag Mon May 11, 2015 Home Buying in 01970
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Our offer has been approved on a home but we just found out my husband has an item in collections we were unaware of. We immediately paid in full...
If the negative was satisfied, do give your proof of payment to your loan officer--he/she can best help you resolve the matter....
0 votes Share Flag Thu Mar 24, 2011 Home Buying in 01970, Real Estate Pro in Massachusetts answered:
This is a specific question regarding your listing on Lyme St. Is the foundation of this home faulty?
There appears to be no mention/disclosure of a bad foundation however there are the following disclosures which will make it a very difficult to purchase:
Short Sale. Extensive knob &a ... more
0 votes Share Flag Thu Jan 6, 2011 Remodel & Renovate in Salem
Lori Lincoln, Real Estate Pro in Taunton, MA
Lori Lincoln answered:
REFI physician loans available??
I am not a mortgage broker or bank, but believe that with enough equity, they are still available. I will check and ask around tomorrow and get back with tomorrow evening.
0 votes Share Flag Sun Oct 3, 2010 Home Buying in Salem
Mack McCoy, Real Estate Pro in Seattle, WA
Mack McCoy answered:
What's the downside of using Redfin for Buy Side Representation?
I think the important thing for a homebuyer, especially a first-timer, is to get the best agent they can, regardless of whether they get a rebate.

Home shopping is different than loo ... more
0 votes Share Flag Wed Aug 14, 2013 Home Buying in 01970
Andrew Adams, Real Estate Pro in 01915
Andrew Adams answered:
80/10/10 Loans
I do offer an 80-10-10 loan with the first mortgage can be fixed or adjustable and the 2nd can be either a 30 year fixed or 1 year ARM both are amortized over 30 years.
0 votes Share Flag Tue Aug 31, 2010 Financing in 01970
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Does anyone have any thoughts on a good Flat Fee MLS listing service? I'm in the Red about 10K on my condo and would prefer to keep agent costs
Keep in mind that all commissions are negotiable between you and your agent--there are no set standards-- when choosing any flat fee realty company, do shop around and choose the one wi ... more
0 votes Share Flag Thu Aug 26, 2010 Home Selling in Salem
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
If the sellers agent and the sellers, agree to reduce 2,000 off off agreed price,due to plumbing and other issues, and the buyers agent and buyers
kenny in the past if it wasnt in writing, it wasnt enforceable, Now with the new electronic signature laws, emails are considered valid if all parties agreed and there was "a meeti ... more
0 votes Share Flag Thu May 27, 2010 Home Buying in Salem
Paul Stonkus, Real Estate Pro in Lynn, MA
Paul Stonkus answered:
What is the asking price for 1 Preston Road, Salem, Massachusetts ?
Have you seen a for sale sign on this property? It is not currently listed for sale through MLS. If you can give me some more info as to why you believe it is for sale I may be able to ... more
0 votes Share Flag Wed Feb 3, 2010 Home Buying in Salem
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