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New Bedford : Real Estate Advice

  • All78
  • Local Info4
  • Home Buying7
  • Home Selling3
  • Market Conditions8

Activity 41
Thu Aug 11, 2016
Mary Jane Seale answered:
I don't know where you live but, if you can find a place in a rural area, you may qualify for a USDA loan which requires no down payment. You must have good credit and and income to cover the monthly expenses but interest rates are very low right now. If you are comfortable at $700 a month, you should be able to afford a nice little home. Talk to a local realtor. I would advise trying this before getting into a rent-to-own contract. Your local realtor could help you find a lender who could qualify you as well as tell you the areas where USDA loans are available. Good luck. ... more
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Wed Jul 1, 2015
Diana Hellman answered:
No but you can post it on Zillow. Trulia only allows real estate professionals to post.
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Wed Jun 17, 2015
Faheem asked:
Tue Jun 16, 2015
Nicole Wood answered:
Hi Mary,
If you would like to email me at Nicolew.Homefinder1@gmail.com I will be happy to send you all the rental listings that fit your needs in the areas you desire.
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Sat May 2, 2015
Adam J. Nelson answered:
Glad to hear you have been approved for Section 8 rental and there are a few options to explore:

1) Online Classifieds: you can search local rentals on sites like craigslist.com. I would recommend taking a look at the residence and while on site, with a feeling of comfort inquire if the landlord will accept Section 8.

2) Housing Authority: If you are unable to access online listings, you should check out the local housing authority offices in your community. Depending on convenience, you can visit the NEw Bedford Housing Authority (http://newbedfordhousingauthority.org/) located at 134 South Second Street, New Bedford, MA 02740 or by phone at 508-997-4800.

3) Working With An Agent: as Nicole pointed out, you always have the option to work with a knowledgeable and trusted real estate agent to locate your new rental, ensure the landlord accepts vouchers and assume the negotiations for you.

Certainly reach out if you need any further assistance.
... more
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Fri Feb 6, 2015
Kena D answered:
Section 8 has officially ended their homebuying program. However, if you can find a Section 8 approved property, I'd pursue it. Some affordable mortgages are much cheaper than rents.
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Wed May 21, 2014
Debra (Debbie) Rose answered:
make sure you're dealing with the legitimate landlord............there are a lot of rental scams online on all sites

Warning signs of a scam:

1. Does the rent seem too good to be true - really low??

2. Do they say they can't show you the home in person because they are out of the area?..........

3. Do they ask you to wire money for the keys?

Never WIRE MONEY!

Check with a local agent to verify you are dealing with the real owner or property manager.
... more
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Wed Apr 16, 2014
Karen Kazumura asked:
This question was asked from http://www.trulia.com/rental-community/9000034128/Victoria-Riverside-Townhouse-Lofts-10-Manomet-St-New-Bedford-MA-02746/
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Mon Mar 17, 2014
alliebebi asked:
This question was asked from http://www.trulia.com/homes/Massachusetts/New_Bedford/sold/22025800-83-Winsor-St-New-Bedford-MA-02744
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Sun Feb 9, 2014
tigger19687 answered:
That all depends on what your needs are,if there are houses to lease in the areas that you are looking and what your price range is.

There are plenty of houses in your area, you just need to either get an Agent to show you or start calling the landlords ... more
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Thu Dec 12, 2013
Brian Mastromatteo answered:
four blocks down to main street
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Mon Dec 9, 2013
Heath Coker answered:
I would use a local rental professional to save time and money and also to make sure you don't miss a great rental.


(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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Fri Nov 1, 2013
Denis DaSilva answered:
for a quick estimate of value check www.OnlinePropertyValue.com. Our Office offers a free indept analysis report if you need one. Call 508-644-8995 or email Broker@REAVOLV.com
0 votes 5 answers Share Flag
Mon Sep 16, 2013
Keith Jean-Pierre answered:
I would suggest you try the regular rental sites:

http://www.craigslist.com
http://www.apartments.com
http://www.trulia.com (Rentals Section)
http://www.zillow.com (Rentals Section)
http://www.realtor.com (Rentals Section)

Between all of those, you will get a very clear picture if you can find what you are looking for. Good luck!
... more
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Tue Jul 30, 2013
answered:
Good afternoon Mhathaway,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
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Sat Jul 27, 2013
David Garro answered:
Talk to me...I work with great lender with special program that can help you buy instead of renting...let's see where your at...buying is not as hard as some think... Dave Garro Neves Realty 508.400.7876 ... more
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Sun Jun 9, 2013
John J. Dean Jr. answered:
Evan

There are a handful of these banks around and most of them like to work in a specific area. more information would be helpful .
0 votes 2 answers Share Flag
Fri Jun 7, 2013
David Garro answered:
Hi Sarah, As you know, neighborhoods are reflective of the people who live there. Your likely to upgrade the neighborhood by being a good citizen. The best way to find out about an area is to call local police department . They will be happy to share the amount of calls they have responded to. Letting them know your concerned goes a long way in helping neighborhood be safe. Hope this helps!
Yours truly,
Dave Garro
Neves Realty
508.400.7876

Oh, by the way, I'm never too busy for your referrals!
... more
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