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01545 : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions1

Activity 14
Mon Mar 6, 2017
SV asked:
I am trying to buy a new contruction being built by a small time builder. All the other houses were sold out even before he put them into the market and mine will be the last one.
The…
0 votes 0 Answers Share Flag
Wed Jul 9, 2014
John Kreiss answered:
Here's a link to a web site that will get you to licensed home inspectors in the Commonwealth of Massachusetts.

http://license.reg.state.ma.us/public/hi_biz/v_list_hi.asp
0 votes 13 answers Share Flag
Wed Jul 9, 2014
John Kreiss answered:
It depends on the condo development. How many units are owner occupied? What does the Association balance sheet look like? Are their reserves growing or shrinking?

These are things that the lenders would look at to see if the property would be eligible to qualify for programs like FHA, Mass Housing, etc.

I would strongly advice contacting a lender for more information.
... more
0 votes 10 answers Share Flag
Wed Jan 22, 2014
Christine Moran Realtor & Notary answered:
rather than losing their home most people if they had any equity would sell it or refinance. If the home is worth 200,000 and they owner owes 250000 plus late fees and penalties it wouldn't be worth buying. ... more
0 votes 4 answers Share Flag
Wed Jul 24, 2013
Graham R. Morland answered:
Dear Mr. & Mrs Miletti, email me graham.morland@gmail.com, or text/call me on 774-232-8943. We have an in-town office that will prepare and get your home sold quickly. I'll pop over and give you a free market value opinion at your convenience

sincerely,
Graham R. Morland
Broker Associate
Exit Realty Partners
Shrewsbury, MA
... more
0 votes 12 answers Share Flag
Wed Jul 24, 2013
answered:
Assessed values are found in the public records of the town. I can send you that if you like. Are you actually looking for the assessed value of your home or the market value of your home? These figures will be different. I can help you with explaining this. Please feel free to contact me directly at my Shrewsbury office 508-769-2814. I am here to help ... more
0 votes 7 answers Share Flag
Wed Mar 20, 2013
Joanne D'Errico answered:
The Spring market looks like it is going to be a busy one. Low inventory will push the prices up just a bit. We are seeing multiple offers on some of the newer listing. Interest rates are low so if you have been watching the market I suggest you jump in and secure your home.
Please feel free to check my web site out or call me.

Joanne D'Errico
ERA Key Realty
Westborough, MA
774-696-3555
WWW.Shrewsburyhomesales.com
... more
0 votes 8 answers Share Flag
Mon Sep 10, 2012
Steve Levine answered:
Homeowners can get permits themselves for all normal repairs other than plumbing. It's interesting that you can do your own electrical work, but not install your sink, and there's actually a reason for that. In short, the worst you can do by screwing up the electrical work is blow up your own home, but if you make a plumbing mistake you can contaminate the towns water supply, so they're very strict on that.

Make sure that you ALWAYS pull a permit, because most homeowners don't and get into issues later.

Also, make sure to take into account the fact that it's almost always better to buy something that doesn't need that kind of work - especially in the lower ranges. To buy a $250k home that needs 30K in work, means that you need come come up with 30K after closing. On the other hand, to buy a $280K home that doesn't need work would be a mortgage payment only about $100 more a month, and then it's turn key and ready to go.

There are so many lovely homes for sale that you shouldn't really have to settle for something beat up.

For a list of some new listings, go to www.shrewsbury-massachusetts.com and you can check out the map based search interface.

Regards,

Steve Levine
REMAX First Choice
Shrewsbury's Top Agent since 1992
www.shrewsbury-massachusetts.com

For more great information on the Shrewsbury real estate market, click the link below and check out my free video.
... more
0 votes 14 answers Share Flag
Tue Sep 13, 2011
Territory.com answered:
Depends on your financing. If you are putting a small % down on the home there may restrictions on how much the seller can offer you in closing costs so check that out. The seller cares about the net so its just a numbers game for the buyer. Would you rather pay a higher price and essentially take a loan out on the closing costs (bc they are incl) or pay a lower price and have a smaller (albeit not by much) loan. Most people in this price point would rather pay the higher price since it wont change your monthly payments too much. There are so many costs associated with buying a home that people would rather save it for reno's / furniture / moving, etc. However, you need to make sure that higher number is current market value otherwise you could get a call after weeks of being under agreement saying your appraisal came in lower than your purchase price and that you cant get the loan.

Get a good buyer broker. It will save you a lot of time and money.
... more
0 votes 5 answers Share Flag
Sun Feb 13, 2011
Carol Kalil-Hamilton answered:
Always pull a permit. If I were doing my basement over I would include a drainage system in case there at some point is a lot of water, like now, when snow melts.

The basement will not be considered in sq ft when appraised if selling, only a credit on quality.

Reminder to tell your insurance agent too.

Get a number of quotes and check references......
... more
0 votes 7 answers Share Flag
Fri Jan 28, 2011
Kevin Brisky answered:
I'd say that buying is usaually the better option. Even can be in the short term. Just as long as you get a house in good condition, in a great location, at a good price!

Thanks ... more
0 votes 8 answers Share Flag
Wed Jan 5, 2011
Tina Bilazarian answered:
Yes a local real estate agent can assist you with the sales for the year - compare sq.ft. etc.
good luck!
0 votes 6 answers Share Flag
Sat Jul 10, 2010
Matt Heisler answered:
It really depends on your loan "program". There are many variables. Also, it depends on how much you borrow, what day of the month you purchase the home, how much you pay for title insurance, etc.

You know your situation, call a mortgage broker, find a program that works for you, and have a Good Faith Estimate drawn up. That will help you very much with what you need to know.
... more
1 vote 5 answers Share Flag
Mon Sep 29, 2008
Michael Giles answered:
Hi Majid,
It acctually sold for $695,000 and was last listed on MLS at $729,900. If this is the location that interests you then find a good buyers agent that can get you the information on properties that match your needs. Best of Luck! ... more
0 votes 3 answers Share Flag
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