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Home Buying in 01453 : Real Estate Advice

  • All34
  • Local Info2
  • Home Buying16
  • Home Selling1
  • Market Conditions1

Activity 15
Geraldine Pu…, Renter in 01453
Sat Apr 25, 2015
Geraldine Puerto asked:
I have 2 pups so it must be pet friendly. I currently rent a 4BD room home in Leominster in a nice area for 1500 a month. I would like to stay in that range but I'm flexible if it's worth…
0 votes 0 Answers Share Flag
whiskeyjenki…, Other/Just Looking in Silver Spring, MD
Tue Jul 1, 2014
whiskeyjenkins answered:
I am thinking of selling my home and it has a swimming pool. I have been wondering this same question for a while and I still haven't found the answer. I would expect it to add a big value to the home though but I don't even know a ballpark range.

Will Jenkins |
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Mary Saunders…, Real Estate Pro in Gardner, MA
Fri Nov 22, 2013
Mary Saunders Martorella answered:
Rehab financing requires money down and good credit scores. Lenders generally look for scores over 620. In regards to no money down, it can be done with a good credit score. My suggestion would be to work on paying off whatever is affecting your score and making sure nothing is on the credit report that is older than 7 years. My second suggestion would be to try saving $20 a week towards a down payment. Immediately divert the money into a savings account. That is $1040, before interest, saved in one year. On top of the down payment, there are other up front costs you will need to pay to get into a home. These include home inspections and bank appraisals. You may want to speak to a mortgage counselor to see what strategy would work best for you. I have several names if you are interested. ... more
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Mary Saunders…, Real Estate Pro in Gardner, MA
Fri Nov 22, 2013
Mary Saunders Martorella answered:
No. They are one and the same. The 203k loan covers both the selling price and the renovation price. It allows you to pay for the renovation over the life of your loan rather than a lump sum. If you bought the home for 35K and got a loan for 150K, that means the lender has made an assessment that says your property will be worth 150K once the work has been completed. It also means they expect the cost of repairs to be approximately 115K. Who is your lender? Why didn't they explain this to you? ... more
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Mary Saunders…, Real Estate Pro in Gardner, MA
Fri Nov 22, 2013
Mary Saunders Martorella answered:
If it is listed in the multiple listing service (MLS), it means it is available for sale. Not knowing the property you are referring to limits what I can say in a general way. If the property has not yet gone on the market, find out if the bank is planning on an auction of the property. ... more
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Mary Saunders…, Real Estate Pro in Gardner, MA
Fri Nov 22, 2013
Mary Saunders Martorella answered:
You need to get a letter from the credit agency stating your payment plan. I have had buyers in similar situations. If you need assistance finding a lender who will work with you and work with the credit agency regarding this loan, let me know; I know several mortgage specialists who will work with you. ... more
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Greer Swiston, Real Estate Pro in Newton, MA
Thu Aug 29, 2013
Greer Swiston answered:
Do you mean Deutche Bank?

Banks will rarely deal directly with a buyer on a single property unless there is an auction ... you may be best off finding who the assigned REO Listing agent is.

Though most banks will list their REO inventory and assigned agents, apparently Deutchland Bank requires that you fax a request to them and then they will send you a list

Or, you can contact an REO specialist/agent in the Leominster area (look for recently sold foreclosures and see who the listing agent was) ... who will most likely know how to get ahold of the property in which you're interested. That would be my recommendation.
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Heath Coker, Real Estate Pro in Falmouth, MA
Wed Nov 21, 2012
Heath Coker answered:
Are we talking My Cousin Vinny in the jail quiet or On Golden Pond at the lake quiet?
Personal definition is best answered by the real estate professional who is learning your taste and interests.

(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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Jeffrey Bast…, Real Estate Pro in Sterling, MA
Thu Oct 21, 2010
Jeffrey Bastress answered:
I am here to help you with your home search in Concord and surrounding towns.
I have been successful finding homes for other Hanscom Field personnel for under $450,000 in Concord to Hudson to Littleton and Leominster.
I would suggest the first step would be to register on my site for free access to all homes for sale and start receiving daily emails of all new listings that meet your criteria. This is by far the best and easiest way to have up to date information and be the first to know of all new listings.
You can save homes and request showings of any homes on my site and an easy way for us to communicate.

I look forward to working with you and helping you in anyway I can be of the most help in your new home purchase.
Thank You
Jeffrey Bastress
GREEN Certified NAR Instructor
978-337-9745 cell
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0 votes 7 answers Share Flag
J.M.Jones -…,  in Massachusetts
Thu Sep 2, 2010
J.M.Jones - 978-335-9092 - Homes & Rentals answered:
Here it is.................

You do not need to have heat if built 1950 or prior and has a radiant heat source - unless it has been renovated in any way - then you will need to install electric baseboard.

The lender is more of a problem then the state - if a permit to renovate anything was pulled for that property after 1950 then you will need to add that base board one way or another.

That is my understanding of the heat issue - but - consult you city or township and if need be your attorney.

I hope it helps

Jamin Jones
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Sumner Lymbu…, Real Estate Pro in San Antonio, TX
Sat Apr 24, 2010
Sumner Lymburner answered:
Cathy, everything is negotiable. If I had a buyer already for your house, I would ask for a shorter time and probably a lower commission. An unusual house that is going to be more difficult to find a buyer will require longer. We spend several hundred dollars up front just to get the house into MLS and on the web sites. ... more
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Heidi Zizza, Real Estate Pro in Framingham, MA
Sat Apr 17, 2010
Heidi Zizza answered:
If the appraiser takes notice then no heat no loan
0 votes 4 answers Share Flag
Robert Byrne,  in 02118
Sun Jan 17, 2010
Robert Byrne answered:
Ask any agent for the days on market for that particular listing and the property history for that address (in the event that it has been listed more that one time). If you are looking at a property listed in the MLS/Pin system (which covers 80% of Massachusetts) all of that is a few clicks away. Good luck! ... more
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Susan Costa,  in Westport, MA
Tue Sep 22, 2009
Susan Costa answered:

You can also find out the bank info by going to the registry of deeds. All you need is the address of the property. You can review the recors at no charge. Copies are available for a fee.

If I can be of assistance, please feel free to contact me.
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Madison and…, Real Estate Pro in Columbia, SC
Thu Jul 17, 2008
Madison and Alicia Ballagh answered:
The financing right now is really tight. Also the expectations of the buyers.

The feel since the market is soft they can come in $50,000 below list price
0 votes 4 answers Share Flag
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