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Home Buying in North Andover : Real Estate Advice

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  • Local Info1
  • Home Buying19
  • Home Selling0
  • Market Conditions3

Activity 26
Thu Jul 7, 2016
Maricris A answered:
Hello,

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Submitting a review on Trulia:

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Regards,

Maricris
Consumer Care Advocate
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0 votes 1 answer Share Flag
Wed Jul 6, 2016
Dale asked:
Interested in Oakridge Village condos at Harvest Dr, North Andover, MA and Mission Crossing in Chelmsford, MA. Is there plenty of guest parking available? Will I be able to have a few friends…
0 votes 0 Answers Share Flag
Sun Jan 24, 2016
ludwiglebold asked:
I am no longer looking at properties in Fort Pierce, FL but cannot stop the alerts from coming to my email.
I am now looking north of Boston
0 votes 0 Answers Share Flag
Wed Apr 30, 2014
Christine Moran Realtor & Notary answered:
You can ask for whatever you want. Have them get an estimate for how much it would be to put in central vac or ask for a credit just like you would if you found any other defect.

say the stove didn't work and was included. same thing. Even if it broke and they didn't know it wasn't working when they listed it ...doesn't mean they leave it there for you to get rid of and buy a new one. ... more
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Sun Apr 27, 2014
Deb Forte answered:
It is a very competitive market, and the highest price is not always the answer but it's the total package including the agent that gets the deal done. I have won 2 out of 3 recent offers for my buyers and all were multiple bidding situations. Often times the seller will look at the agent and the agents ability to keep the deal together throughout the process. That's what I do and because of the amount of deals I do, I am able to win most if the buyer meets the criteria. If you are not signed into a buyers agent now please feel free to call respectfully Deb ... more
0 votes 12 answers Share Flag
Sun Jan 19, 2014
James Gattuso answered:
I think the biggest factor that I would encourage you to consider is weighing the cost added to your home and the potential re-sale value with the long term picture in mind. If you have a home that is workable and can accomodate an addition I would encourage you to do it. I see so many home owners that are happy with their LOCATION and once they move they move they just don't think it compares to their previous home.

In regards to short sales, many default management companies have revised their processes making the value analysis on the home and borrower much more intensive to approve the short sale. If the home is vacant it is often times very difficult to reach or even track the past owner. You can tell how far along the home is within the foreclosure process by a couple different methods between the foreclosing law office and registry of deeds.

If I can be of any assistance feel free to reach out!

Thank you,
James Gattuso
Principal Broker, Mayflower Realty Group
Email: James@MayflowerRealtyGroup.com
Direct Line: 978-604-2491
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0 votes 3 answers Share Flag
Fri Dec 27, 2013
Lisa Johnson Sevajian answered:
Hi, As a North Andover home owner/resident and agent here in town I keep a very close eye on the North Andover market including the pre foreclosures, potential short sales, died in lieu possibilities and bank owned as well.

It's very common to see a home enter pre foreclosure status with the home owner later being able to either work out a loan modification or bring their loan current.

It is also very common to see a home in pre foreclosure status for 1, 2, 3 even 5 years before the home owner is forced to either list it for sale or the bank actually forecloses.

In the past when a home buyer has come to me with interest in a specific property that is off the market in this situation I approach the home owner to request access for a showing. Some times the situation works out for the home buyer and other times the home seller prefers to allow the home to be foreclosed rather than attempt to sell.

If you have specific questions about the property or it's status feel free to contact me and I can do some initial research for you including a market evaluation to determine the most likely value today based on the available information so that you have a better idea of whether or not you want to pursue a conversation with the seller. If they are actually going to sell and need to sell in a short sale situation I have an excellent resource for a short sale negotiator who works on North Andover properties as well.

Best of luck!

Lisa Johnson
Remax Partners
North Andover/Andover
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0 votes 1 answer Share Flag
Mon Dec 16, 2013
Kevin Vitali answered:
In the past year there were 96 rentals in the Massachusetts MLS for North Andover. The average rent was $1822. That would be for a newer 2-3 bedroom condominium/townhouse unit. Rents wee as little as 850 for a 1 bedroom in an older multifamily to as high as $5,400 for a multifamily home.

Its difficult to say what a "going" rate is for North Andover rentals.
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Mon Dec 9, 2013
Heath Coker answered:
Pets may be a problem for an owner's or association's insurance.

I would use a local professional to save time and money.

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Sat Jan 19, 2013
Heath Coker answered:
I would look at the tax records for acerage, or homes with large lots thatmight have enough to subdivide.


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1 vote 1 answer Share Flag
Mon Sep 10, 2012
Heath Coker answered:
Changing the interior of a condo is more of a legal question for the town building department, the condo association rules/regulations, and the like. If you have the answers - preferably in writing - then you can start the permit process and get your contractor working.


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0 votes 8 answers Share Flag
Fri Aug 17, 2012
Heather LoRe - Available Now! answered:
Hi Em,

Are you still looking for help in the North Andover and surrounding area? If you are, I am happy to support you in your search for a new home at no cost to you.

Feel free to contact me on my cell 978-604-6521 (talk or text) or email heatherlore21@gmail.com

Sincerely,

Heather
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Mon Sep 5, 2011
Scott A. Nelson answered:
The contract you have with the owner if any should spell out your rights. You need to have an attorney review any documents you have and advise you on how you can proceed. Assignments and or 2nd deals can be common in some types of purchases but often bank owned/REO property and especially government owned properties have restrictions on profits from a sale of their properties within a certain period, otherwise a future buyer may have issues with their finacing. Why would their financing want to pay 2x the costs of your improvements? This is why you'll need to have an attorney review your options with you.

Hope that helps,
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0 votes 4 answers Share Flag
Wed Aug 3, 2011
Richard Shapiro answered:
A purchase loan can definately be closed within 30 days. Make sure to have all your paperwork up front and dont delay any requests for additional paperwork. The last time I had a borrower purchase a foreclosed property, it turned out the aution never happend. the lender listed the property pre-maturely. not fun. ... more
0 votes 7 answers Share Flag
Wed Aug 3, 2011
Amy Mullen answered:
Mike,

Depends on the house! I can help you if you want

Amy
508-784-0504
amymullen@remax.net
0 votes 2 answers Share Flag
Sun Jul 31, 2011
Lisa Johnson Sevajian answered:
Hi Mike,
Yes, you can win the right to purchase a property at auction.
Here in North Andover there is a high amount of interest in bank owned/auction properties. The auctions I have attended have all had multiple bidders.

Key points to know include the bank who owns the property has a minimum sales price that they expect to receive. If the highest bid doesn't exceed their minimum sales price they keep the property and either hold it or market it as a bank owned property.
If the you are the highest bidder and the bank is willing to accept your offer then you have a set number of days to close the sale I have seen the closing timeline be as short as 7 and as long as 30.

The deposits are typically non refundable and home inspections are done for your information only in most auction sales.

If you have some specific questions feel free to post or email.

Best of luck!
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0 votes 5 answers Share Flag
Thu Mar 3, 2011
Gerard Carney answered:
If you are thinking of buying into a condo or community that has Home owner rules and regulations, then it is time for you to call the Home Owner Association and introduce yourself, then ask about all pet rules, Many of these associations have pet allowances but you have to ask about specific pets. It is not unusual to see that they will accept dogs up to a certain size, or the amount of small pets you may have. Since inside cats rarely bark, the attention is more towards dogs in their wording, but remember ask and be sure because assuming can be wrong and bring fines and pesky warnings! ... more
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