Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Gloucester : Real Estate Advice

  • All57
  • Local Info5
  • Home Buying6
  • Home Selling2
  • Market Conditions6

Activity 14
Thu Dec 3, 2015
Jeri Patrick answered:
I would contact a local real estate agent to help you get some foreclosures. Best of luck
0 votes 1 answer Share Flag
Fri Sep 25, 2015
Neil Radford answered:
Go to the USDA website. Depending on the area you may even be able to buy without money down.
0 votes 1 answer Share Flag
Mon Apr 15, 2013
Chrisy answered:
Ha ha, funny - didn't see that - but then the land market in Gloucester has been hibernating for a lot of years, hopefully now beginning to wake up a bit
0 votes 21 answers Share Flag
Tue Sep 18, 2012
Kate, you can either fix your credit or find a home that the seller will finance. So, its totally possible.
I have 2 credit repair specialists on my team. If you want to give it a shot, let me know. No charge to talk to me about it. ... more
0 votes 7 answers Share Flag
Sat Jul 21, 2012
Amy Uliss answered:
I would not say that it is common however, if the time from accepted offer to close is a tight window, you may need to request an extension especially if there are some unforseen circumstances. Your best bet is to have your financing pretty well locked up before you start the process. This way you will not go down to the wire in getting your commitment from the bank. Neither buyer of seller wants that stress especially if seller is trying to arrange plans of their own. ... more
0 votes 5 answers Share Flag
Sat Jul 21, 2012
Kevin Vitali answered:
Depends on the relationship you have with the agent. (I am assuming you are talking about a real estate agent) If they are a buyer's agent, no! They owe you confidentiality and loyalty.

If they are a facilitator, then almost anything goes.

If it is the seller you are talking about then there is no confidentiality.

In the case of the seller or facilitator, while not illegal, I find it unethical.

Buyer's as a side note: Please, please, take the time to understand agency relationships. More buyers are less than satisfied because they do not understand the relationship they have with their agent.
... more
0 votes 2 answers Share Flag
Fri Jun 29, 2012
Peter Mlaguzi answered:
This is the most recent sale on that street.

38 Salt Island Rd Gloucester  MA  01930-1945  12/22/2010  $825,000  1-Family Residence - Contemporary 

Are you interested in listing your home? If so, feel free to contact me for a free market analysis.

Best regards,

We don't sell homes, we sell futures!

p.s. The highest level of gratitude my clients can show me is by referring their friends and family

Peter J. Mlaguzi III
M&A Real Estate
O:617-588-0087 x701
C: 617-233-1476
F: 617-395-6867
Follow us on twitter: @MandArealestate
Like us on Fb:
... more
0 votes 1 answer Share Flag
Tue Nov 15, 2011
Tim Page answered:
I've appraised homes in eight different counties or so. Here's what I've found. When prices are going up, assessed value will be lower than the market value. When prices are going down, assessed value will be higher than the market value. So, to summarize. Assessed values will usually follow the market value. That said, I've seen cases when this is not true. Another point, sometimes, each county will assess their property a bit different. Some counties are extremely close to market value, while others are off by more. So it just depends. ... more
0 votes 12 answers Share Flag
Sun May 9, 2010
Ken Lambert answered:
Hi there- I am a builder and licensed mortgage officer. Generally, I think you may have some trouble with the FHA appraisal with this.
I would think it is well worth maybe $1000 total to add a 6 foot electric baseboard strip on its own T-stat in each BR. May need it for financing, but in any event any good buyer's home inspector or even the buyer themselves would question this anyhow. Its not a great system or condition for the potential buyer.
If you need anything, please let me know. Good luck,
Ken L.
... more
0 votes 3 answers Share Flag
Thu Jul 23, 2009
Rosemary Diskin answered:
Hi Katie, I would suggest you proceed very carefully. I know of several buyers that had the same idea and bought in Gloucester and lost a lot of money. You would definitely need to find a good deal!! My favorite area is by Good Harbor Beach!
Rosemary Diskin, ABR
RE/MAX Advantage Real Estate
Servicing The Entire North Shore of Boston and Cape Ann
... more
0 votes 3 answers Share Flag
Wed Apr 8, 2009 answered:
The home is 852 square feet and sits on a fairly nice size lot. It has the following disclosure: Site area reflects annexation of approximately 3350 sf rectangular strip to abutter ... This sounds like - without knowing 100% - that the lot includes 3300+ square feet of an abutting property (you would need to find out if that is something legally owned or if there are easements). The property sits on a highly trafficked street which decreases the value (might be one of the reasons the property has been on the market for 230 days) but is close to the beach/harbor which is nice.

Overall seems the property was over priced (for the soft market) to begin with and is now slowly dropping down into a proper price range. Hard to give any more advice without at least interior shots which the sellers agent has not posted. According to the MLS the tax was assessed at $2834 in 2007.

Hope that helps! Good luck.
... more
0 votes 2 answers Share Flag
Tue Oct 7, 2008
Dallas Texas answered:
Keep in mind in order purchase any property and work with realtor need lender approval. Foreclosures and short sales usually have drama with bidding wars prep for anticipation of the what if's. however worth it home with equity.
... more
0 votes 1 answer Share Flag
Search Advice
Home Buying in Gloucester Zip Codes