If you are looking to buy in the Wakefield or surrounding area, it is best to work with a buyer agent, as described below, at no cost to you. A buyer's agent will streamline the process of finding the home you are looking for effectively leaving you freed up to do what you need to in your moving process. Please feel free to contact me if you would like to work together to find your new home. I will work with you directly and then in the end when you have found the home you are looking for, I get paid by the seller of that home for bringing you as the buyer.
In addition, sometimes, it may be better to rent for a few months and really look for property in your new location, unless you are from this area and already familiar with it.
I can help you either way. Feel free to give me a call at 978-604-6521 (talk or text) or send me an email at firstname.lastname@example.org
Heather LoRe, Licensed Realtor in Massachusetts
Century 21... more
I do not believe the market is soft either. Wakefield is a lovely community with great amenities. The homes that have high days on market are not priced well. Believe me, if a home is priced accurately in Wakefield, it sells in the first few days, sometimes resulting in bidding wars. Do not let days on market scare you. Hire a great buyers agent who can educate you to the current market.... more
Hi Realtor.com is your best source for statistics. It is the largest and most comprehensive website for real estate listings. Trulia also has statistics. For very specific information ask your local REALTOR to put you on an automatic drip to send you the particular information you would like.
Good luck!... more
I purchased a pre-construction condo from them a couple of years ago, but never moved in and sold it due the overall quality of the construction. They missed so many things in my unit before I closed -like door stoppers - one wall already had a dent in it, and not hooking up dishwasher to the drain. After I sold it I heard some bad things about the condo from many people around town. Again, you only hear the bad stuff, this is just one story.... more
Price low because of a foreclosure so be prepared to have to pay full price or very close to the asking price for the bank to consider selling. Also prepare to be patient time-wise. Could take months to close on foreclosure.
Good luck!... more
That's a great question. We are required by MLS to change the status of a listing within 24 hours of accepting an offer. There are 2 ways a status can be changed. The first is to go to Under Agreement right off the bat. Most listing agents do not use that option to protect the seller.
The 2nd, and most common, status change is Accpeted offer, accepting back ups.
That notifies everyone that an offer has been accepted (signed by all parties) and the buyer is protected with that contract. Because most offers come with contingencies that can include, but are not limited to, home inspection and financing, there are many reasons the accepted offer does not stay together.
As previously stated, some buyers use the home inspecition as an opportunity to renegotiate the price with the seller. Some homes have so many problems that the buyer makes a decision to withdraw the offer after the inspection. It's also a possibility that the buyer was unable to secure financing to purchase the house.
Until the purchase and sale contract is signed the buyer can get out of the contract fairly easily without penalty. And then, there is "cold feet" as stated by Donna.
The benefit of accepting "back up" offers, is that the back up buyer is in the queue, so to speak, so that if anything does happen to the original offer that it falls apart, they are in line to negotiate a new offer on the property. So, instead of a buyer's agent telling the listing agent, "If anything happens to the deal, let me know. I have an intersted buyer", and maybe getting that call, a firm offer is in place to begin negotiating.
The flip side is that often times the lsiting agent, doing their duty for their client, the seller, will use the back up offer as a way to put pressure on the existing buyer to move forward with the transaction.
So, to answer your questions for this scenario, if the explanation you received is accurate:
1- Yes, it's legit
2- There is nothing being done that is not within the law
3- The reason your offer would be used as a pawn in the exisitng offer is not to neccesarily drive the price up, but to let the existing buyer know that if they do not move forward there is another offer on the table the seller will negotiate with if the buyer backs out. The "take away" is often enough motivation for the buyer to keep moving forward and remove unreasonable demands of the seller.
I am a firm believer that when it's meant to be it will happen. So if that house does not work out for you, there must be a better home waiting for you to come along!
I hope that helps.
Good luck in your search.... more
Kyle from Trulia here.
As Eric mentioned, the best way to get sold data is to contact an real estate agent in your area. They have access to the local or regional Multiple Listing Service (MLS) which stores, keeps, and maintains this information. The agent can also get other useful data such as expired listings.
A great place to start would be the local REALTOR association.
Best of luck!
Yes, your realtor can pull all the data. HOA fees are not negotiable however depending on terms of the offer you could ask the current owner (as a concession) to pay for one year of condo fees.... more