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Home Buying in Medford : Real Estate Advice

  • All67
  • Local Info7
  • Home Buying14
  • Home Selling0
  • Market Conditions2

Activity 16
Wed Aug 10, 2016
Cairoboston asked:
verbally told me that it is only for this property and he checked the box ( buyer's agent ) , but the form itself does not specify in writing the property, nor does it specify if the agent…
0 votes 0 Answers Share Flag
Thu Jan 7, 2016
Louis Wolfson answered:
Is it the price or the home you don't like? So will you pay less for a house you don't like or more for one you do like. Will you feel bad if you lose the house? My suggestion is to follow what your realtor suggests, if you don't like it, then go with your gut. You should have a good idea of values in the area based on other homes you have seen. It is always easier to get out of a deal than into one. ... more
0 votes 15 answers Share Flag
Fri Sep 26, 2014
Luis Tejada asked:
Sun Oct 13, 2013
John J. Dean Jr. answered:
I guess I do not understand why you not use a professional Realtor to help you. I have to agree with many of the statements below you have handicapped yourself and could risk making mistakes since you do not want to work with a buyer's agent advocating for you. ... more
0 votes 12 answers Share Flag
Tue Sep 10, 2013
Masha Senderovich answered:
There are ways. Connect with Mike Kidwell at Leader Banks. He's done those for me before.
0 votes 22 answers Share Flag
Tue Sep 10, 2013
John J. Dean Jr. answered:

Depends on who is giving the class. I know of several attorney's and lenders that give the class and a majority of the topics are the lending and offer process. Please let me know how I can help you in the process or if you need local recommendations. ... more
0 votes 4 answers Share Flag
Tue Sep 10, 2013
John J. Dean Jr. answered:
I have several clients that are exclusively looking at lofts .. but all in all they are a fraction of the market in Cambridge and Somerville.

Lofts offer open space and usually the ability to customize the layout based on the owners needs. The loft at 147 Sherman Street in Cambridge was an open 1,100 sq ft with just a kitchen. There were talks of all sorts of new layouts for the property at the open house. ... more
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Sun Nov 4, 2012
Heath Coker answered:
It sold for $660K on 9/17/12.

(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.)
1 vote 4 answers Share Flag
Wed Aug 11, 2010
Kelly Dimbat answered:
There are about 30 homes for sale within a mile of Badger Road. i would suggest 112 Ramshead Road for 579k. It is open Sunday from 2 to 3. I can take you to the open house or make an appointment if there is a better time for you to go. Feel free to email me at ... more
0 votes 3 answers Share Flag
Mon Mar 15, 2010
Dan Chase answered:
You got a verbal agreement from the bank, great. It is worth the paper it is not written on. Try to get it in writing. Or at least call them up. Likely they have a message on the system that says we can record all calls for quality purposes. With that said you can ask and record them, also. That is legal proof of acceptance. ... more
0 votes 6 answers Share Flag
Tue Dec 8, 2009
Charlotte Scuderi answered:
Hello Fayez, this area has become very popular because of easy access to the train and highways. The accessability to local restaurants and stores is also a plus. I would be happy to speak with you and take you to see the units that are available. Have you had an opportunity to speak with a bank or mortgage company to be pre approved?
I can be reached by e mail:
cell 781 866-1269
fax 1 815 301-5429
Thank you for your inquiry Charlotte Scuderi, Realtor
... more
0 votes 10 answers Share Flag
Tue Oct 6, 2009
Roger answered:
Scott: yep small world! If the builder at some point decides to drop the price to my level send me a message and I'll probably submit an offer. Also, it seems that the website for amaranthplace is out of date.

Damian: You are absolutely right. A home is much more than crunching numbers. But I know what I want in a home and I know how much I want to pay. The right home can come along but it's stupid for me to overpay. Plus there's no one right home. There are many homes with their advantages and disadvantages. I know what I want and I also know what will make me happy. A good amount of it is paying the price I want to pay. If I lose a place because someone out bid me, I will not lose sleep over --another one will come along.

What you suggest is that buying a home is about emotion and to me it's not. As soon as you let your emotion get the best of you, you will wind up paying way more than you would had it been a straight logical decision. So I use my emotion to figure out what place I like and then let my logical side take over from there. And my logical side is telling me not to overpay at this uncertain market point.
... more
0 votes 16 answers Share Flag
Mon Jul 13, 2009
Ken Lambert answered:
Hello Jay- I would say go for it. The builder may not care about affecting other properties, unless he has built or is trying to sell other properties in the neighborhood/ town. Other than that, he just needs to get out from under the construction loan/ bridge loan, etc (which are expensive!).
A typical builder will build in about 15%- 20% of profit to his new construction homes. So you would likely be eating into all of this, but if he could unload right now he might do it. Keep in mind he probably wouldn't go much lower than that- as his direct costs are right at that level.
This is why you "may" have better luck with an offer on an older home that has someone that has been living in it for a long time, etc. If you have any other questions, please let me know.
Thanks, and good luck,

Ken L.
... more
0 votes 5 answers Share Flag
Sat May 30, 2009
Tim Cahill answered:
Hi Rani,
My answer may be a bit late for you, but I just joined Trulia and would like to start offering helpful advice whenever I can. So if you're still thinking of this condo, consider the following:
*The current asking price is $349,900 for a unit on the 6th floor.
*There are units on the 9th floor that recently sold for between $465k and $570k.
*The current unit on the 6th floor is appx. 800 sq. ft. living area, whereas the 9th floor units average 1200 sq.ft.
*The $/sq. ft has ranged from $418 to $432
*If you're a first-time homebuyer, you have until Dec. 1, 2009 to take advantage of the $8,000 tax credit
*As of yesterday, FHA loans are available that allow you to use the $8k tax credit towards closing costs
If you are still considering purchasing and would like more guidance, feel free to contact me and I'd be happy to work with you!
... more
0 votes 4 answers Share Flag
Thu Nov 13, 2008
Andrew Sarno answered:
Hello Jay,

"Properly priced" real estate is currently selling within 3-6% of it's list price in this market area (bank owned property can push that further). Therefore, 15% under might be considered a low-ball to this builder. If it's been on the market for as long as you say, he's clearly overpriced and the market has shown him that. Your job (or better yet, your qualifed Buyer's agent's job) is to exemplify his error with valid sales comparatives that support your price position.

If he still won't bite because he "needs" more you can point out that the market is expected to continue to decline ..... and that the market doesn't really care what anybody needs.

My advice ... Get a qualified buyer's agent to assist you with the negotiations and comps .... it's what we do!

Good luck, Andy
... more
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