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Home Buying in 01844 : Real Estate Advice

  • All18
  • Local Info2
  • Home Buying9
  • Home Selling4
  • Market Conditions0

Activity 8
Mon Jun 5, 2017
Madseller5150 answered:
The lowest offer likely to be considered reasonable by the seller would be around 80% of the sellers asking price for the home. In this case thet would be in the neighborhood Of $149,000. ... more
0 votes 8 answers Share Flag
Sun Sep 13, 2015
Dan Tabit answered:
Ray,
Alan is correct, you can try anything, but it isn't common and will potentially cause problems. Buyers want certainty. One wiling to accept that level of uncertainty will want to be compensated for it by offering a lower price than they might if they could plan their sale normally.
A buyer has to know when the can lock a loan, close a transaction, schedule the movers, utilities etc. If this is so important to you that you can offer your home for a below market price, you may get a taker, but for top market price I'd advise against it. It comes down to what's important to you.
... more
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Sun Sep 13, 2015
Alan May answered:
You can accept an offer based on any contingency you want. You can make it contingent on Donald Trump becoming the candidate of the Republican party.

But contingencies like that will limit the number of buyers who will consider offering you a contract. After all, it leaves them in "limbo", until you find and get another home under contract (or until Hell freezes over for the Republican Party). ... more
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Tue Oct 28, 2014
Christine Moran Realtor & Notary answered:
You can disclose in the remarks that the basement is included or just say the area does not include finished basement.
0 votes 1 answer Share Flag
Thu Feb 6, 2014
Christopher Lefebvre answered:
Eva, there is no mention of a washer and dryer being included in the listing. I contacted the listing agent to ask if there are hook ups. Other listings in this condo complex did have a washer and dryer inside the unit so there is a chance that it does. I'll post if I find out more details. ... more
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Wed Oct 2, 2013
Paul Nartiff, Jr. answered:
There are different types of mortgage products available to buyers. I always suggest that buyers call a couple of lenders and compare the pros / cons of the mortgage products they offer, including the down-payment amount and other factors. Good luck ... more
0 votes 8 answers Share Flag
Fri May 31, 2013
Gerry Harrington answered:
Good morning Alfred,
The simple answer is honesty, integrity,and experience ! A good agent is accessible,and returns call and emails promptly, in most cases, it would be within the hour.. You should feel comfortable with this person, and not feel rushed when asking questions. Knowing the market in the area of your search is important also. A good agent wouldn't be afraid to refer you to someone else in another market who knows the area better. The bottom line is , you should feel that the agent works , and works hard, for YOU, and always has your best interests as his ( or hers ) top priority!
Hope this helps!
Gerry Harrington
Anderson Treacy Real Estate
Stoneham
geh1963@gmail.com. 781-367-1647
... more
0 votes 3 answers Share Flag
Thu Jan 31, 2013
Christopher Lefebvre answered:
Mark,

The first step should definitely be to talk with a mortgage professional. If you don't have a local mortgage professional that you know and trust, I would be glad to give you some recommendations.

I actually wrote a blog post about the home buying process that might be helpful to you. Here is a link:

http://teamlefebvre.net/first-step-of-home-buying-process/

Based on your question you are looking at a down payment of around 5% to 7%. An FHA loan may be a good option for you. However, keep in mind that project homes that need repairs may not pass an FHA appraisal. A mortgage professional can tell you more about FHA programs.

Mass Housing is another program that you could consider. They have a program that allows for no mortgage insurance even though you are putting buying with less than a 20% down payment. Here is a link for more information:
https://www.masshousing.com/portal/server.pt/community/home_buyer_loans/226/masshousing_mortgage_w__no_mi

I also have a first time home buyer's guide that I wrote that I would be glad to send you. Contact me if you are interested.

I hope this info helps you out. Thank you.

Chris Lefebvre
eXp Realty, Methuen, MA
... more
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