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Home Selling in Milford : Real Estate Advice

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  • Home Buying12
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Activity 4
Fri Jan 30, 2015
Al Roppolo answered:
With my clients, our relationship is based on getting your home sold, doing the best job for you as a satisfied client. Scheduling an open house and a broker open house should be done within a week. Feel free to contact me to discuss further...all the best ... more
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Thu Jun 16, 2011
Tom and Joanne Team answered:
Larry K:

The gent before me gave you some nice information, but I would also note that the market is cooling off coming into the summer months. Additionally, there is a lot of instability in the Dow and financial markets which is impacting cosumer confidence. I would plan on a time frame closer to 180 days. Best ... more
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Thu Feb 28, 2008
Brecht Palombo answered:
This is a straight math problem and it depends on what you can rent it for. If you are taking a monthly loss on your rental then you need to calculate what that loss means in terms of opportunity cost. If for example you're losing $300 per month then if that $300 was invested instead in your retirement plan what would it yield? You would be in a position to take depreciation on the property and that could be a benefit.

The current thinking by experts that I follow is that the local market could give up another 6-10% this year, flatten next year and then we slowly crawl out of this trough at a low single digit rate (locally anyway). If that is the case then apply this to your home.

If it's $350 now and loses 6% more then its $329 next winter, $338 the year after that, $349 the following year and so on.

So as much as this is a real estate question it is really a financial planning question, and it is a math problem. So find out what you could get for rent in the area first. Apply it against what you'll pay. Calculate your depreciation benefit which is 27.5 years straight line on the improvements (building assessed value percentage vs land). Figure on conservative rebound numbers like I've mentioned above. Now see if it makes sense.

Its true none of us has a crystal ball but there is no black magic in this equation. Call a competent accountant, fee only financial planner, or an broker who has an investment property background that can answer these questions - because that is what you're talking about turning this into, an investment.
... more
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Sun Sep 9, 2007
J Lo answered:
Hi Feehly:
Since we are on trulia, I thought I'd give you an option to peruse the trulia listings:

http://www.trulia.com/MA/Milford/01757/price_0-2900000/beds_3-4/baths_2-3/type_single-family/

Lots o'luck!
... more
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