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Chelmsford : Real Estate Advice

  • All39
  • Local Info2
  • Home Buying17
  • Home Selling3
  • Market Conditions4

Activity 37
Thu Oct 22, 2015
Alicia O'Toole answered:
Many mortgage lenders are able to do 5%-10% down on a conventional loan, you will just be required to pay Private Mortgage Insurance until the equity on the house gets above 20%
1 vote 2 answers Share Flag
Wed Aug 19, 2015
Phil.alden asked:
Wed Jun 17, 2015
Ed Groussman answered:
I can work with credit scores down to 580 on FHA loans!

Please contact me if you need assistance.

0 votes 2 answers Share Flag
Fri Oct 10, 2014
Tim Moore answered:
If you mean a foreclosure auction - no. But they will require you buy it in a few days so you need cash.
1 vote 1 answer Share Flag
Wed Oct 8, 2014
Richard Shapiro answered:
Are there four family homes in NH? There are plenty in MA.
0 votes 2 answers Share Flag
Thu Jul 10, 2014
Craig Chemaly answered:
As nearly everyone here has said...its always better to have someone specifically representing YOU. And as a buyer, your agent is absolutely free to you most of the time.
0 votes 13 answers Share Flag
Sun Jul 6, 2014
Annette Lawrence answered:
Karen, as others have stated, using such numbers found in the tax assessors data base takes you down the slippery slope of irrelevance. I do keep track of these numbers and find market value can range from 0.6 to 1.6 of assessed value. I will suggest there are community attributes that will suggest which communities will have assessed values closest to market value.

Without an intimate knowledge of the communities that will allow you to calibrate properly, you are going to be just as accurate taking the random numbers generated by Zillow and Trulia.

Now, be advised, there are many enterprises (Bank of America) who will actually use Zillow as a basis for evaluation of the value of a house. If you want to be considered as competent as Bank of America, then the tax assessed value, Zestimates. Evaluations and the gray beard at the end of the street are all legitimate sources.

If, however, you are on the verge of making a real estate decision, you would be well advised to rely on the knowledge and experience of those who help in the sale and purchase of dozens of homes every year. They are just a phone call away.

Best of Success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL

Take a look at the "Market In A Minute" (MIAM) reports I've posted on Trulia. The data revealed are the indicators regarding whether the tax assessed value has any relevant relationship to market value. But, with a MIAM report, you have all the data you need anyway.
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0 votes 10 answers Share Flag
Fri Jun 20, 2014
Craig Chemaly answered:
Tough question! Basements can be partially finished, they can be large or small, they can be finished poorly or well-done. So the with most real estate questions is ...IT DEPENDS!

I lived in Chelmsford for many years, still have family there, and live right next door! If you need help valuing a specific home, don't hesitate to contact me anytime, I'll be happy to help!

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0 votes 6 answers Share Flag
Wed Mar 12, 2014
Kevin Vitali answered:
I did not find any phone information on Trulia, but I did find information and phone number for a John D. on You may want to back track any site you listed your home and remove it. ... more
0 votes 5 answers Share Flag
Fri Jan 17, 2014
Charlotte Marrocco-Mohler answered:
You have utilities taxes water bill if on septic pay for pimp out of tank. If you want more detailed breakdown contact me. 603-620-2668
0 votes 9 answers Share Flag
Sun Jun 23, 2013
Bill Eckler answered:
Hi Bob,

Many "AS IS" transactions are a direct result of the negotiation process. That is, when a seller reaches a sale price that is low enough for the seller that they need to stop the bleeding, negotiations can result in an "AS IS" agreement. Thus, no an "AS IS" agreement shouldn't be disclosed in the MLS.

Were you made aware that the property was being sold "AS IS?"

Did you sign an "AS IS" purchase offer?

If the answers to the above questions are "Yes" why would one expect these terms to change because of the inspection? Since "AS IS" usually means exactly what it says you may be well served to review your documents relative to terms that clarify your option(s) when repairs become excessive.

Good luck,

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0 votes 10 answers Share Flag
Sat Jun 22, 2013
Kevin Vitali answered:
I am not following your question.... Are you talking about an FHA appraisal and work required for the FHA to lend?
0 votes 1 answer Share Flag
Thu Sep 6, 2012
Justin Melo answered:
Hi Denise,

It would really be hard to give you the best answer without seeing the property. Having lived in Chelmsford for a long time now, I know that the Chelmsford Market is very strong and properties usually go quick in the area. I would love to assist you in any advice that I could possibly lend to you with the home. Please feel free to call me and we can go over the property to assess the best value on your home, and go over many ways for marketing the property.

Justin Melo
Bettencourt Real Estate
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0 votes 6 answers Share Flag
Thu Aug 2, 2012
Margie Maybe answered:
Got these stats from the US EPA Mid-Atlantic Lead Paint info page...
The older the home, the better chance it contains some lead-based paint (LBP). A rule of thumb: built before 1950 -- probably LBP both inside and out. Between 1950 and 1960 -- probably LBP outside, maybe not inside. Between 1961 and 1970 --some chance for outside LBP, probably not inside. Between 1971 and 1978 -- slight chance of LBP. NOTE: though LBP was essentially banned in 1978, some existing LBP might have been used for two or more years afterwards (i.e., to 1980 or 1981). The only way to tell positively if you have LBP is to have it properly tested by a professional. ... more
0 votes 1 answer Share Flag
Mon Apr 16, 2012
Tim Page answered:
If your realtor is honest with you, they will tell you that the ranch style home or the one level home with or without the basement (depending on location) is the best home to buy. The kicker is does your market area have enough of them? I’ve appraised in 15 different cities and three different states and the trend is the same.

1.Young families want to have three bedrooms on the same level so that they are close to the children. They want to laundry area on the main level so that they do not have to walk up the stairs all day long when doing laundry. The next best thing is a two story home with three bedrooms on the same level.

2.Older families do not want any stairs because they do not or can’t walk up and down the stairs and will use the basement for storage or guest bedrooms.

3.Families that have teenagers will usually want separated rooms so that both the teenagers and parents can have some privacy. This is when two bathrooms become important and larger hot water tanks.

4.For resale value and quick sale, it will depend on the people buying homes in your area, but I’ve have to say that the above info is a good place to start.
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0 votes 6 answers Share Flag
Mon Apr 16, 2012
Debra (Debbie) Rose answered:
Buy the home you fall in love with, but don't be lured by the idea that a brand new home is "better".

Some/many of the older homes were built sturdier than newer ones.......just like old Maytag washer lasted 30 years.........the person who installed my new one said:"You will be lucky to get 7-9 years out of it......they don't build them like they used to, and they don't build them to last that long"!

Any new home will definitely settle after a few years..............with an older ome, what you see is most likely what you will get.

Older homes can be updated and the inner systems can be new and last just as long as a brand new home..

A good home inspection can allay any fears you might have if you find an oldet home you want to buy.

Best wishes.........
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0 votes 10 answers Share Flag
Mon Apr 16, 2012
Tim Page answered:
Homes next to highways will, usually, always be an issue. For refinancing, what I’ve found is that home prices will fluctuate more when they are located next to major highways, so your home value will be higher or lower depending on the available comps in your area at the time of the appraisal. Now for selling the home, it will usually take you longer to sell. Most homes that offer some sort of freeway location or busy street location will usually be much nicer than many of the homes in many areas.
This is because the homes that offer a poor location have to make it up, such as larger outbuilding, larger lot, nicer kitchen and bathrooms, etc. Personally, I’d go with the location first. If you buy a home in a poor location, you can never change this. If you buy a home is a good location, but the homes needs updating, you can update the home as you get the money. Especially if the home does not offer larger lot size that is useable, larger outbuilding or garage count, has been updated extensively with new roof, heating, cooling, windows, kitchen and bathrooms. Think big ticket items, too. Not a few flowers outside or new door knobs.
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Mon Feb 13, 2012
Heath Coker answered:
I would ask the listing professional. I'd also contact the town/city/regional/state entity that may have the facts and figures.

(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.) ... more
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Tue Jan 10, 2012
Rhonda Stone answered:
Yes there is, if you provide me with your email address, I can email you the listings recently sold in the last 6 months-12 months. What would be helpful is if you provided me the specs of your home to include: # bedrooms, # baths, # Garage spaces, acerage, year built, style home & square footage. This way I will send you the agents that sold properties with similar specs as your home.

you can reach me at
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0 votes 9 answers Share Flag
Thu Sep 29, 2011
Kevin Vitali answered:
There are many variables that go into what to bid on a home. The first thing to determine is what is Fair Market Value(FMV) of that home. Fair Market Value is determined by finding at least 3 similar properties that have sold in the past 6 months. That number is what a group of buyers would be willing to pay for the property today.

FMV should also take in to account the condition the property is currently in. Anybody can list a home for any price.... including banks. The questions is what would a pool of buyers be willing to pay.

Whats you determine fair market value the question is what will a bank accept. It all depends. 50 cents on the dollar of a home price well would be a pipe dream. Most bank want pretty close to what the home is listed for. Many times you will see an REO home drop in price multiple times before selling, meanwhile rejecting decent offers alont the way, many times selling for less than a higher offer they had in the past. This is just the way the banks work.

As an agent, I would encourage you to put in an offer no matter what it is, but you will quickly learn your spinning your wheels until you start to understand the Fair Market Value of a property. And, yes it is possible to get a bank own home under FMV but it all depends on the circumstances.
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