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Home Buying in Norwood : Real Estate Advice

  • All41
  • Local Info4
  • Home Buying16
  • Home Selling0
  • Market Conditions2

Activity 15
Wed Jul 17, 2013
richghazal answered:
If it helps any, the $544 HOA fee includes:

Heat, Hot Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Exercise Room, Clubroom, Refuse Removal

Doe the HOA fee match the services offered? Will re-selling it in the future be tough w/ such a high fee?

Thanks!
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0 votes 7 answers Share Flag
Sat Jun 8, 2013
Kristine Guindon answered:
We offer the USDA Program, you can reach me at 508-509-0050 to discuss the program and your options.
0 votes 5 answers Share Flag
Fri Feb 1, 2013
Territory.com answered:
When there are two+ banks involved in a short sale it can be a nightmare. Louis is right, there is a chance you will have to start from scratch. The bank process is very bureaucratic, unfortunately, lots of corporate hoops which is why statistically short sales don't close and instead go to foreclosure.

Good luck!

Territory.com
Massachusetts Premier Buyer Brokerage
617 84 5407 x701
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0 votes 4 answers Share Flag
Sun Aug 12, 2012
Eleanor Reilly answered:
9 Mylod Street has an open house today from 12:30 to 2:00. The house is currently being used as a single family. Having not seen the house I'm not sure what improvements are needed to convert it back to a two family.

Good Luck!
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0 votes 1 answer Share Flag
Tue Jun 19, 2012
Jennifer Litterio answered:
How long has it been since you got the offer? Has your bank counter offered? Are they using equator? Is there one lienholder or do you have 2 mortgages? So many things to consider but if the bank has set an auction date it might not be postponable... ... more
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Wed Jun 6, 2012
Irina Karan answered:
Hello Suz,

That's certainly is an unpleasant surprise!

The situation looks a little "off".

There are several things you could do/options to consider:

1) You can request a preliminary HUD1 (with the verbal payoff from the seller's mortgage - which the closing attorney should obtain - I'm not sure I can trust the seller much to obtain it for you at this point). Payoff letter (estoppel) costs money, and seller can obtain a verbal payoff amount for free.
If you want to save money and trust the seller - a verbal will do at this point.

2) In the preliminary HUD1 you'll see how much the seller is under water - if at all.
This way you'll find out if this is a case of a short sale or the seller wants to be paid some "relocation assistance" money - either by you or the bank (some short sale lenders pay sellers, and a considerable amount).

3) Then - it'll be up to you to decide if you want to pay the seller (to make sure you buy at today's lower price - as banks could come up with a higher counter during short sale). Or, you could ask the listing agent to pitch in (your agent didn't cause this issue, so should not be paying). Last option - both agent(s) and you pitch in to get the house purchased/sold.

All things can be negotiated...But, if not - I feel that while the law may be on your side, the seller may have nothing as far as assets (in hardship) - and so the seller will be "judgment proof"...

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
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0 votes 5 answers Share Flag
Wed Apr 25, 2012
Greer Swiston answered:
Just answered your question in another thread, but here it is again.

Since "good to buy" is always in the eye of the beholder, the best I can do is point you at a couple of resources with data and let you decide for yourself what is most appropriate for you.

For various crime statistics, you can always call the Fitchburg police for the latest crime statistic, or you can look at some stats on the web like http://www.topix.com/crime/fitchburg-ma and perhaps the local paper http://www.sentinelandenterprise.com/police

Compare those stats with perhaps other neighborhoods with which you're currently familiar, perhaps where you live now ... so you can have some context.

If you're interested in school ratings http://www.greatschools.org/ and if MCAS results matter to you, you can look at the state website at http://www.doe.mass.edu/mcas/results.html ... again, I highly recommend that you compare it with a neighborhood with which you are familiar so that you have some context.

Best wishes and let me know if I can be of any further assistance!
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0 votes 1 answer Share Flag
Wed Apr 25, 2012
Greer Swiston answered:
I agree with my colleage, Brian ... www.greatschools.org is a great resource for looking at the school system. It's important to see the schools at various grade levels ... one town's elementary school may have more to recommend it than another's though often districts are ranked by the high schools.

Also ... Massachusetts MCAS scores are often an indicator of academic achievement in the towns. http://www.doe.mass.edu/mcas/results.html

However, the definition of "good" is very subjective and while seeing the statistics about school districts is informative and contributes to one's evaluation of a school and perhaps in helping to narrow down which school districts to consider ... I would ulimately recommend a visit to the school once you have narrowed down to two or three schools.

Looking at the local paper often gives a flavor of the community as well, which would factor into the educational experience for children.

Walpole is covered by http://www.walpole.org/ and http://www.wickedlocal.com/walpole and http://www.thesunchronicle.com/

Norwood is covered by http://norwood.patch.com , http://www.wickedlocal.com/norwood and http://www.allyoucanread.com/norwood-newspaper-ma/

Best of luck and let me know if I can be of any assistance! I grew up in the South Shore and spent many years competing in the Hockamock League (Go Bulldogs!) :-)
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Tue Dec 20, 2011
Elliott R. Oliva answered:
Mon Apr 25, 2011
Steve Casey answered:
Absolutely! It's all about making the best deal which includes all the aspects of a purchase above and beyond price. An advisor can do nothing but help you in every way with all the details that you and the seller may be clueless about. ... more
0 votes 8 answers Share Flag
Fri Oct 8, 2010
Jon answered:
Walpole may be another option. This home is for sale in a private subdivision. Wlaking disttance to the commuter rail. Great location, outdoor pool within the complex, close to 95 and Patriot Place. ... more
0 votes 5 answers Share Flag
Wed Mar 31, 2010
Stephen Suech answered:
This is a very easy condition to clear. You can write a Separation Agreement (very basic) stating that there is no alimony or child support payments from either party, and both you and your husband sign it under notary. That is all the underwriter is looking for. ... more
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Fri Oct 23, 2009
Susan Costa answered:
Normally the assesment made by the town and the purchase price of the property do not intervene with each other. If theproperty is appraised for less than the tax assessment, you can file an adjustment with your town, but, that does not mean that the property taxes will decrease (the towns don't give back easely).

And listed, sold and assessmant are all individual values that have nothing to do with each other.
Lisitng (what the seller thinks he can get) Not the value.

If I can help you find something in the area, please contact me.
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Tue Sep 8, 2009
Luke Allison answered:
Based on that scenario and using current pricing, I could do a base rate offer at 5.00% with no origination fees and no discount points. Here would be your pricing to go below 5%:
4.875% .75 discount points
4.75% 1.375 discount points
4.625% 2 discount points
4.5% 2.375 discount points

If you have any questions about rates, please feel free to contact me.
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com
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1 vote 2 answers Share Flag
Wed Jul 22, 2009
Beth answered:
Thank you both, the Mortgage officer she was dealing with who was great, does not work for the company any more, so we may need a new one. She was preapproved and has 20% down. The property adress is 9 Forbes Ave, Norwood, MA the other side is 11 Forbes ave and thats whats being auctioned tomorrow. It has loads of Quirks with it, but are resolvable, it is in good shape for a foreclosure, it is just the deed and condo docs that worry me. I will try to give you a call tonight around 5:30 thanks for the offer, it is appreciated. ... more
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