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Market Conditions in 02129 : Real Estate Advice

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  • Local Info0
  • Home Buying5
  • Home Selling3
  • Market Conditions4

Activity 4
Wed Jul 9, 2014
Annette Lawrence answered:
What is your intention?
Do you have expectation of staying there forever?
Are you about to reward a good deed by victimizing the one who allowed you to stay?

You know it's a foreclosure, GET OUT!

The Sheriff will come and put you out. You can argue your rights with him. Oh, he will post a note to your front door announcing when the courtesy call is scheduled. You should be out before that date.

But you can consult an attorney and they can delay some action allowing you to possibly further punish the hand that you shook some time ago. If it was the owner, not foul.

Or, you could take that attorney money, add it to the money you saved by staying there and find another place to live.
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Sat Nov 27, 2010
Joe Arnao answered:
As mentioned, it should be stated in your agreement. If you want assistance your Town, City or State may have an agency that can help you understand your rights. Each jurisdiction has different laws, so it is important to get local help. If that is a dead end, then maybe it is worth hiring a lawer. Either way this will probably get messy. Looking for a place now may be in your best interest, whether your landlord has the right or not. You need to evaluate how you want to spend your time. Most adversities offer an opportunity to better your life. Good luck. ... more
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Fri Feb 26, 2010
William Patterson answered:
Hey Brian,
Tenants do negatively impact the price, there is just no getting around it. It happens in 2 ways:
1) Quality - In most cases, a property with tenants is not shown in its best light. In the same rationale that staging a property with furniture and artwork can enhance a property's sale value and speed of sale, the tenants will do the opposite.
2) Time - It is more difficult to allow showings with tenants. If you were living there, as the seller, you would (probably) be as acomodating (sic) as possible. You have a stake in the sale. The tenants do not have any real motivation to be helpful. It is harder to get buyers in the property and, thus, slow down the sale.

If your property is going to be marketed at a low price to attract investors, tenants are no problem. In fact, they will be a bonus to an investor. But you will need to sell at a lower amount if you want to attract these buyers.

I hope this helps.

Cheers,
Bill P.
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Wed Jan 28, 2009
William Brokhof answered:
Leah,

What you require is called a Comparative Market Analysis within the industry. It is comprised of data based on properties within a geographic radius of your property. A good agent will "pull" properties that have recently sold (within 6mths), properties that have just gone under agreement and properties that are active, withdrawn, cancelled, etc. With this information you and your chosen Realtor should be able to make an educated decision about your property value.

At that point you might want to interview several agents. Each will likely have a slightly different opinion in terms of value, and each will have a different approach to marketing. Choose the agent you are most comfortable with, has the best sales statistics and marketing strategy. Be very careful not to get fooled by the wrong numbers. It's not necessarily important how many homes a given agent has sold, but rather how quickly, and at what percentage of the original price. Not the most recent sales price. You're looking for accuracy and efficiency.

For instance, for 2008 my team has a 100% (on average) sale price:original price ratio with an average of 29 days on market. You would be hard pressed to find an agent with those statistics in this market. Good luck with your property. Call or email for assistance anytime. We can provide a list of Charlestown references upon request. It is very likely that your unit is worth a good deal more than what you paid for it in 2003. ;)

There is no substitute for a good agent. They will easily pay for themselves. There are however, many substitutes for a bad or mediocre agent. A monkey, for instance...
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