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Wakefield : Real Estate Advice

  • All38
  • Local Info3
  • Home Buying11
  • Home Selling5
  • Market Conditions1

Activity 28
Sun Aug 20, 2017
Karin Bourne answered:
Mon Jun 13, 2016
Peter Holmes asked:
I can not find a link that allows me to upload photos when I was in "Edit" updating my home's info.
0 votes 0 Answers Share Flag
Tue May 26, 2015
Olga Rotaru answered:
If we analyse the 11 SF homes sold in the last 30 days in Wakefield we see that price per square foot varied from property to property ranging from $169 per 1 sq ft to $344 with an average sale of $236 per square ft.
Let me know If I can assist further. Olga, 857-373-9257 with KW /Reading MA
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Sat Sep 13, 2014
Jeanhylan asked:
But our question is, how big is a buildable lot in Wakefield? The lot looks huge and actually abuts another side street behind the house.
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Tue Nov 12, 2013
Heath Coker answered:
You might ask the listing company and/or the managing company for any public docs.
Your attorney may be able to get access to docs.
If there are issues that affect ownership, then you might find info in the Reg. Of Deeds, too.

If you aren't using one, I would contact a local real estate professional to help with this answer and to save time and money.
(I'm on the Cape, but I can help you choose a local pro if you want help doing so.)

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
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Mon Sep 23, 2013
lally_Chatha answered:
How can I get a list of homes sold in the last 6 months st16bl
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Tue Jul 23, 2013
Louis Wolfson answered:
Nothing is normal in real estate.

It boils down to agency and HUD

In our mls you are able to offer 3 types of compensation other than the sellers agent side. No sub agency, buyers agency or facilitator. The sellers agent can state the amount being offered from 0% to 100% this is done with the sellers agent notifying the seller of this.

Typical buyer agency agreements state that the buyers agent will seek the compensation being offered by the sellers agent to the buyers agent. In the event, no fee is being given or an amount not acceptable to them, one would then look to your buyer agency contract and see the amount that you and your buyer agent have agreed upon.

Getting back to HUD the reason buyer agents seek their compensation from the sellers agent is that HUD has not found a way to incorporate the additional buyer agents fee in the mortgage.

In many of the transaction I have been involved in I have had my buyers pay my fee directly, primarily in commercial transactions as it is difficult enough to get a institution to agree on a sales price let alone compensation above it.

Hope this helps
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Fri May 24, 2013
Heath Coker answered:
Home Depot or a plumber.
Either of these can ball park it.
Details like finishes will make a difference.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.) ... more
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Tue Oct 30, 2012
Gene Mullen answered:
The "Legal in-law" status can be a confusing and poorly defined term. We all know what we mean when we say a home has an in-law apartment, but in order for it to be considered a legal in-law or assessorary apartment as defined by a town, such as Wakefield, the apartment must be limited to a certain percentage of living space as compared to the total living space of the residence and can only be occupied by a direct relative. Home owners can apply to the town for a certificate allowing for the legal use of the in-law / assessorary apartment, but it must be renewed each year and is not transferable to new owners. New owners must also apply and demonstrate the proposed use is in compliance with the town by-laws.

It's always best to check in with the town's Building Inspector before making any plans or modifications to the home in order to avoid any disappoints. As a local Realtor, I have been asked by homeowners to approach the Building Inspector to detail their intensions while they remain anonymous.
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Fri Aug 17, 2012
Heather LoRe - Available Now! answered:
Hi Sas,

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


Heather LoRe, Licensed Realtor in Massachusetts
Century 21
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Mon Jan 23, 2012
Debbie Miller answered:
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
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Mon Dec 5, 2011
Heath Coker answered:
Sometimes the other definition of HOA is Have Obnoxious Abutters. HOA fees can mean less freedom with your property. On the other hand it could mean Have Organized Accountability for those who prefer to live where restrictions help encourage property maintenance. And, it can also mean Have Other Amenities for areas with parks, docks, beaches, pools, etc. ... more
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Tue Nov 29, 2011
Mariano Simms answered:
For sale by owner, is in most cases are a red flag for most people who are looking to buy, and also by real estate personal, a few reasons are: it may be a sign that the house may be underwater and is been sold by the owner for much more than the current market value , or there may be issues that an agents don't want to deal with, the longer the house is on the market is the more difficult it will be to sell, each situation is different, but the bottom line is, most houses that are sold are houses that were referred by an agent to a client and almost all agent will not refer a house that will not give them a commission fee, to avoid such situation most people have their property listed.
You can google (free for sale by owner websites).
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Mon Sep 19, 2011
I don't know who your bank is - but I look at more than a dozen different clients bank statements per month and some have them on there and some do not. There is no rhyme or reason, it is just whatever the bank's policy is. ... more
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Wed Mar 23, 2011 answered:
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
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Wed Mar 16, 2011
Brenda Feria answered:
Joel, In most cases this sounds like a reluctant buyer. It could be due to cold feet or an unfavorable inspection report or appraisal issues. Renegotiations usually indicate an unfavorable inspection report and/or appraisal issues. Unfortunately, many sellers would rather hold on to the buyer that they have, rather than release that reluctant buyer and look for another. My experience with these types of situations is that if it is going bad at the onset, it can only get worse. By presenting the seller with a back-up offer, you will be giving the seller amunition to give the buyer an "either or" proposition. At that point, the buyer will either continue with the contract and go to settlement or the seller will request a release of that buyer so that they can firm up a back-up offer. All parties will need to sign a release of contract and agree to the terms of the release; like who gets the good faith deposit before they can enter into another contract. In some instances, buyers and sellers agree to disagree and refuse to sign the release. Ask your agent to find out if the reason for the re-negotions is due to an inspection report or appraisal issues and request information about any known defects. Your agent should be able to give you advice on whether or not to write a back-up offer. You might find that this is not the house for you after all. ... more
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Mon Sep 13, 2010
Christine Moran Realtor & Notary answered:
If it is not listed you can ring the doorbell and ask. It last sold in 1999 and is assessed @474000.
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