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Home Buying in Malden : Real Estate Advice

  • All139
  • Local Info13
  • Home Buying24
  • Home Selling3
  • Market Conditions9

Activity 32
Sat Mar 4, 2017
Briansmithjustice answered:
The responses here leave the crux of this question unanswered: If anyone collects $ from the seller as a commission -- no matter what they're called, or call themselves, they cannot hold a fiduciary relationship to the buyer. In short, if you're a buyer and you need/want a fiduciary representative working on your behalf, YOU have to pay for it. So these "buyers agents" that claim to "represent" or otherwise work for the buyer are, by definition, not. If they're getting any of the seller's commission payment, they are legally fiduciaries of the seller, and are behaving unethically if they act in the interests of the buyer against the interest of the seller (for instance in trying to get a lower purchase price, haggling about inspection items, etc.).

The only true "buyers broker/agent" is someone who is paid by the BUYER, before, at, or after settlement.
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0 votes 123 answers Share Flag
Fri Jun 26, 2015
David Escott answered:
I believe because it's a disclosure and not a contract there is no need for an expiration date. i.e. I am disclosing that I am a real estate agent and since that isnt going change it never expires ... more
1 vote 2 answers Share Flag
Thu May 28, 2015
Diana Hellman answered:
I recommend that you search for realtors that service your area and reach out to them. Alternatively, you can google established real estate agencies , look on line at the bios and begin a dialogue with one. ... more
1 vote 1 answer Share Flag
Sun Feb 22, 2015
Tim Moore answered:
I can not think of any house I have sold that the buyer did not go see it before it actually closed (sold). All buyers go see them first. Is it listed with a Realtor? If so find a Realtor of your own and get them to show it to you and any other homes there. Just open the phone book and call a real estate company. Don't post your phone number for all to see. ... more
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Thu Jun 26, 2014
Andrew Chirapha answered:
There are many things you can do to increase your chances of having an offer accepted. Consideration amount comes to mind when placing an aggressive offer. However, offering a high dollar amount isn't the only way to increase your chances of a successful deal. Financing and Inspection contingencies may also help strengthen or weaken an offer. An all cash offer without an inspection contingency can very well be an attractive offer. Flexibility on closing date is also important to note. The sellers may want to move quickly and be willing to take a lower offer just because the buyers are willing to close within the next week. The bottom line is to try to find out what's important to the seller whether it's money, closing fast, or promising to water their plants everyday, then you will be able to increase your chances of closing the deal. ... more
1 vote 14 answers Share Flag
Sun May 18, 2014
Gina S Soldano answered:
You absolutely need to check with the inspectional services for that city regarding the code. We have had a lot of situations lately were a property was being listed and taxed as multi by the tax Dept just to have that turned around by inspectional services because they had no records of permitting ... more
1 vote 2 answers Share Flag
Sun Mar 16, 2014
Steve & Mary Wiley answered:
Frankly, if an attorney is involved in a real estate transaction, it is due to one or more of these scenarios:

1. By custom and locale, as an additional party to the transaction;


2. When there is no escrow agent or title insurance (abstract / deed opinion states).

3. When there is a FSBO transaction, and either buyer or seller does not understand the charges and/or limitations of services which an attorney is typically capable, trained, and willing to provide.

Most attorneys do fill-in-the-blank form work, market awareness (because they don't have that information), counseling, marketing, or lower cost problem solving (because they lack that experience and skill set).

4. When one of the parties or their agents have goofed or they want to renegotiate / void a deal, or problems which are beyond the skill set, experience, or licensure of a Realtor to handle.

I can made this slightly bold statement because I am also an attorney as well as a real estate broker.

Steve Wiley
Smarter Choice Real Estate
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2 votes 3 answers Share Flag
Sun Mar 16, 2014
Dan Tabit answered:
IHui,
There could be any number of other issues to consider, but we can't know here. For example, is the home older than 1978, it may need a lead paint disclosure. Is the home on Septic or sewer, you may need a septic addendum. If it's on a well you may need a well inspection contingency. Do you have a copy of the sellers disclosure or a legal address?
If you selected a new agent with minimal experience, you need to find out who they are being trained by and if they are overlooking the work they are doing on your file. A managing broker is responsible for the actions of their agents, but each one gets involved as they see fit.
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1 vote 2 answers Share Flag
Sat Mar 15, 2014
Deb Nicholls answered:
Just a note on your question: if you are buying from a FSBO, who pays the buyer agent? It turns out the FSBO usually pays the buyer agent - It's part of the deal that is negotiated, and most FSBO's expect to pay it. Every FSBO I have done for my buyers was done this way. ... more
1 vote 7 answers Share Flag
Thu Dec 12, 2013
Heath Coker answered:
This can be done - but is not done often in towns where the market is relatively strong like Malden.
I would contact a local real estate professional to help with this answer and to save time and money.
(Not me, I'm on the Cape, but I can help you choose a local pro if you want help doing so.)


(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 2 answers Share Flag
Tue Sep 24, 2013
Lisa Figueiredo answered:
Supply and demand! With fewer available homes for sale the pool of buyers continues to grow, therefor causing multiple offers.
1 vote 3 answers Share Flag
Tue Sep 17, 2013
John P. King answered:
There is no one simple answer but many factors that probably give you the perception of a high turn over rate if you are asking about Village Green Condos on Newman Rd. There are almost 90 units in the complex, the units are smaller then many, the condo fee is higher then average, there is a high percentage of first time buyers who move more often. These are just some the facts that may give you the feeling that units are always on the market. ... more
1 vote 2 answers Share Flag
Fri Jun 14, 2013
Jrteat31 answered:
I HAVE A CLIENT PURCHASING A 2 FLAT WITH A FINISHED BASEMENT APARTMENT,THE CONVENTIONAL APPRASIAL IS REQUIRING THAT THE KITCHEN BE REMOVED,IT IS A SHORT SALE, ALL SHORTS ARE AS IS ,THIS PROPERTY IS IN GOOD CONDITION,THE KITCHEN IS THE ONLY HE ASK THAT THE KITCHEN BE REMOVER FROM THE BASEMENT APARTMENT.THE BANK ARE NOT DURING ANY THING ON A SHORT SALE.IT IS NOT THE BUYERS PLACE TO DO ANY WORK BEFORE HE CLOSED ON THE PROPERTY,THERE ARE NO REPAIRES NEEDED. ... more
1 vote 5 answers Share Flag
Wed Mar 20, 2013
Wen Farina answered:
Hi Tk,
Thank you for your reply. Please Email me directly at wen@wenrealty.com to discuss your goals offline so i can learn a bit more and see how i can help you (our representation is free to all buyers) . Looking forward to it. ... more
1 vote 5 answers Share Flag
Mon Mar 11, 2013
jsaintfort10 asked:
Thu Oct 18, 2012
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
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1 vote 6 answers Share Flag
Wed Sep 5, 2012
Kate Bigger answered:
I just listed a very nice 2 bedroom condo a closer to the T than Malden Mills in gorgeous condition. Painters are finishing up Thursday morning, so I will post pictures Thursday afternoon.

http://www.trulia.com/property/3094605464-180-Mountain-Ave-17-Malden-MA-02148

Best,
Kate

Kate BIgger, CBR
Surreal Estate
617-501-5899
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1 vote 2 answers Share Flag
Tue May 29, 2012
Patricia Torcivia answered:
89 Dutton St in Malden is under agreement and scheduled to close at the end of May...It was a bank owned property and it went off the market on April 20...
2 votes 4 answers Share Flag
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