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02139 : Real Estate Advice

  • All20
  • Local Info1
  • Home Buying6
  • Home Selling4
  • Market Conditions0

Activity 19
Sun Nov 19, 2017
Dipiazzadenise answered:
This depends...if you are renting the home, will this be a "legal" bedroom with the egress window in your area? If so, it may be worth it. 3 bedroom rentals do bring in a higher price, however a bedroom in the basement won't be great for every family. For instance, a set of parents with two girls and a boy would want three bedrooms, but if all of those children are under the teen ages- then they would probably not want a basement bedroom. Yet, a family with teenagers, or a single mom that wants to share her space with an adult friend to help with housing costs may love the split design. (If you are renting section 8 homes, you also get more for three bedrooms and there is a higher demand- but the codes may even be more strict than those for regular rentals- you will have to check with HUD for your area.)

If you are selling the house? I would say "no." You could very easily get a few quotes to have the egress window and show it to prospective buyers. Listing it as a "possible third bedroom." This may give buyers who want three bedrooms an incentive to purchase your home, for a little more than a 2 bedroom might go for, if it is just a simple conversion. They may see it as a "deal," and you may get a bit more money for this on your home. However, putting in the window and trying to just push it as a "three" bedroom might not fly with perspective buyers, and it probably won't bring you the same money as other three bedroom homes in your area.

Hope that helps! Good luck.
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0 votes 1 answer Share Flag
Tue Oct 10, 2017
Katherine asked:
I plan to convert the basement space into a bedroom in hopes of increasing the selling price. There is a bulkhead door here which may qualify as egress. If not, I will have to spend on adding…
0 votes 0 Answers Share Flag
Thu Sep 14, 2017
Ralph Lind answered:
is exclusive use 0f a deck for two or more units considerd a common area
0 votes 6 answers Share Flag
Thu Jul 28, 2016
Angelica P answered:
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0 votes 1 answer Share Flag
Mon Jun 6, 2016
Lucky Nurrahmat answered:
If you can sublet the extra room, pls let me know. I'm looking for short term lease august to december 2016. Contact me at lucky.nurrahmat[at]
0 votes 3 answers Share Flag
Mon May 16, 2016
RBman answered:
Patty - I think it's very admirable that you're trying to sell without an agent. We tried ourselves in NYC and it was a disaster for several weeks. Then we found out about how to get on the RLS (version of MLS here in NYC) via an agent assisted FSBO listing and things improved quite a bit.

It sounds like you did some sort of flat fee MLS listing as well but are still getting harassed by agents. In NYC it's quite a bit better because REBNY (real estate board of new york) is quite strict about solicitation by agents of other agents' exclusive listings. I've included a link to a good fsbo tips article from the guys at Hauseit which is a fsbo website I used in NYC. The fsbo tips should still be pretty applicable for you. Good luck!
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0 votes 54 answers Share Flag
Mon Mar 21, 2016
Adams.miscellany asked:
The owner of the condo I rent has decided to sell, and he offered to sell it to us directly for 25% over its estimated value. I declined, but now find that he has listed it for 15% over…
0 votes 0 Answers Share Flag
Fri Feb 5, 2016
Kathy Burgreen answered:
The decision depends on what you can afford. Will you be paying 100% cash or will you need a mortgage. If you need financing, the lender will verify your finances and determine how much of a mortgage they will commit to. Then you will need to find a home within your budget. ... more
0 votes 1 answer Share Flag
Fri Nov 2, 2012
Heath Coker answered:
Actually, Esmerelda Fruit must have had a bad apple.
In the info we are able to send, all that is needed is a request to include the UA and/or Sold properties and Voila - they come to your email when they happen.
A good relationship with a local professional is usually faster and more helpful than website that sells leads.

(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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1 vote 10 answers Share Flag
Wed Oct 31, 2012
Alex Haidar answered:
I would recommend you work with a Real Estate Broker to prepare the initial paperwork for a flat fee, then present the paperwork to your attorney for further processing. The attorney should know how to then prepare the Purchase and Sale Agreement and schedule the closing. Some brokers may provide you with "A-La-Carte" services for a smaller fee than a full commission. ... more
0 votes 16 answers Share Flag
Sun Sep 23, 2012
John J. Dean Jr. answered:

This could be a tough order and the best way to approach this is to work with a broker who will help you target properties that match your needs. If you are working with the right agent they would be on the look out for properties that match your needs and may even know of some that are not listed in the MLS.

In addition if you have identified a building that you want to live in your agent can mail the building looking to see if anyone is interested in selling their unit on the market. You need to find an aggressive buyer's agent especially in this seller's market.

The other option is to expand your search into other communities like Somerville, Boston, or maybe even Chelsea.

Good luck!
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0 votes 11 answers Share Flag
Tue May 29, 2012
Mortgagepro answered:
You shouldn't be obligated to the purchase if your financing has changed. If you want to call me I've been in the business for over 10 years, and would love to help.

Chris Triantos 617-785-7506 ... more
0 votes 19 answers Share Flag
Wed May 11, 2011
I can refinance you on that deal. The only thing you have to worry about is taxes owed to uncle sam. If no taxes are owed you are ok. please call or email me to discuss a refinance. or 858-337-9744 ... more
0 votes 2 answers Share Flag
Thu May 6, 2010
William Patterson answered:
Hi DK,
First, speak with an attorney. You will need to go through a few legal steps before doing anything.

Next, bring some agents in to look at both units so you can get prices.

Pretty easy stuff here. Good luck!
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0 votes 4 answers Share Flag
Fri Jun 19, 2009
Sandrine Deschaux answered:
Usually Tuesday and Thursday anytime between 11 am to 1 pm. Objective: Previewing for our clients + connecting with our colleagues in the community + pricing properties. if you need assistance, please do not hesitate to contact. ... more
0 votes 4 answers Share Flag
Tue Mar 17, 2009
Deb Nicholls answered:
Amanda, let your landlord know that you are buying a home, and would like to move out in 2 months (Give yourself a couple of weeks overlap, in case the closing gets delayed for some reason.) He/she would most likely let you out of the lease if he is able to find a new tenant. You would want to keep the place looking really nice during that time (hard to do when you are packing, I know.)

Good luck with your new home.
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0 votes 3 answers Share Flag
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