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02110 : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying4
  • Home Selling1
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Activity 5
Thu Aug 8, 2013
Louis Wolfson answered:
Carefully, there is much to consider before the financing of it. Does the zoning allow you to do it?

Is it presently occupied or vacant? If it is occupied do you need the income to qualify for the purchase?

If you are buying it to convert, it is allowed, do you need additional money to do the construction?

If it is a construction loan, do you plan on living in it when it is complete? If so you may want to see if the bank will provide you the mortgage to buy it, the construction loan to renovate it and the end financing.

Depending on your relationship with the bank ie: have you done this type of development before? you will most likely need 20 - 30% down payment.

I would speak to a LOCAL bank (saving & loan) not a national lender, as they will be more likely to make the process go smoothly.
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Wed Jun 5, 2013
Endre Barath answered:
Kathleen if you are a Realtor just call up Trulia and they will walk you step by step how to upload a listing for sale. Some just do it intuitively.

Endre Barath,Jr.
Prudential California Realty
A Berkshire Hathaway Affiliate
Beverly Hills, CA

homes@endrebarath.com
310.486.1002(m)
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Thu Oct 25, 2012
Heath Coker answered:
Many times a lawyer will act quicky on an offer because "time is of the essence."
The 10 days may be just a range to allow them to act when things get busy.
One thought: If the builder takes that long to respond to an offer, how long will they take to respond to a punch list?


(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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Tue May 22, 2012
Territory.com answered:
Send us the address and we can tell you exactly what the HOA fees are.

Is it any of these properties in Boston:
http://goo.gl/nbf7S
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Mon May 21, 2012
Great Spaces Boston answered:
Hi,
You are moving in the right direction. I would contact Attorney George Morancy for some guidance. He is one of the few attorneys I've worked with that know the BRA and ISD inside and out. You might also have plans already filed with the original unit deed, making an architect unnecessary but you never know what answer you'll get until you file. You can contact me at nadine@fallonresidential.com for George's contact info. ... more
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