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Home Buying in Peabody : Real Estate Advice

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  • Local Info3
  • Home Buying14
  • Home Selling2
  • Market Conditions2

Activity 22
Sat Feb 11, 2017
Jill Jorgenson asked:
Thu Feb 9, 2017
Bob Relihan answered:
The process to find determine how much of a mortgage you qualify for is quite simple. It is mostly based on your debt to income ratio. A five minute phone call and I can give you an estimate. To get an actual pre-qualification letter I would run your credit report and review your most recent pay stub.
I recommend getting a jump on the spring market and start the process now. I am local in the Wakefield/Lynnfield/Reading area.
Contact me a or 617-686-9307 for more information.
Bob Relihan NMLS # 14721
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Tue Jul 21, 2015
MrsB answered:
I actually live on the street-- it is a hill, essentially. Depending on which part of the street you live on, you may or may not be susceptible to getting water in your basement. We have several times since we moved in in 2011, however, we also live on the downside of the hill. A sump pump does work/help-- the beefier, the better. The closer to Lowell St., I think the worse off you are. Hope this helps! ... more
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Tue Aug 20, 2013
Luciano Leone answered:
Good afternoon - any of the agents in the local area can assist with your request. If you're considering investing in commercial properties in Peabody I would contact a few local agents directly and get their perspective on the market and what's available. My office is located right on Lowell Street in a highly trafficked plaza that includes Perfecto's Caffe. Best of luck! ... more
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Sat Jul 6, 2013
Gene Clements answered:
Yes many homes in West Peabody were built with in laws. Now you would have to go before the city and get special permits this is much easier to do if the in-law is going to be occupied by a family member with health issues. good luck. ... more
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Sun May 12, 2013
David Cutler answered:
Hi John and thank you for the post. I would recommend you interview 2 or 3 Highly Rated Local Buyer's Agents and decide who is the best fit to help you in your search and to represent you in the purchase transaction. The use of a Buyer Agent is at no cost to you as we are compensated by the Listing Office.

You want someone local to area you are looking in, someone that works full-time and has the negotiation and market skills to best represent you as a buyer. If you have an idea of what you want your price range to be or your overall monthly payments - I can help narrow down some properties that may be of interest to you.

David Cutler
(978) 869-8042 direct
(800) 895-1793 fax

Residential|Commercial|Business Opportunities|Investments
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Wed Apr 24, 2013
David Cutler answered:
Thank you for the question. To my knowledge the actual building does not flood at all. If you are interested in a unit here we could contact the Management company to ensure there have never been any issues or claims for flood or water damage to any of the units or interior common areas. Please let me know if you have any add'l questions at all. The unit for sale there did recently accept an offer, there is a unit for rent for $1,600/month currently. I can also email you if anything happens with the current Buyer for unit 107 or if any new units become available here. ... more
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Thu Mar 21, 2013
Gene Clements answered:
It will not help. Banks like to see all transactions going through a checking account. Most lenders will take a verification of rent (VOR)from your land lord if you have strong credit , great job history ect. ... more
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Tue Feb 26, 2013
David Cutler answered:
Hi Margaret, I just wanted to follow up and make sure all your answers have been addressed. Please let us know if you have any additional questions/concerns/interest and if you could rate the answers to your question it would be greatly appreciated! ... more
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Tue Jul 31, 2012 answered:
Depends on your score and other debt. The best person to consult is your mortgage lender or broker.

Good luck!
Massachusetts Premier Buyer Brokerage
0 votes 9 answers Share Flag
Sat Jul 21, 2012
Heath Coker answered:
Mobile homes are not the same as regular real estate. They are not easily financed, and you don't usually own the land. In any case, your neighborhood is what the people there make it. Drive through and ask those who are walking around. You'll get a great feel for who lives there, what they think of the neighborhood, and neighbors. you might also look for the local police log that a local paper might print in their pages. See what addresses/ areas are mentioned most often.

(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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Fri Jun 29, 2012
David Cutler answered:
If there is anything specific about the property you would like answered just let us know and we'll find out for you! If you are interested in working with a buyers agent (at no cost to you) to help you with the search for a new home as well as the negotiations and paperwork involved with submitting an offer and also every step to the way of closing on you new home then I recommend you contact a few local agents that you can find on here with reputable profiles and maybe setup a time to sit down and meet with each and discuss your needs and see if you find one to be the best fit for you.
Good luck with the search and again please let us know if any specific questions not already answered. I have also included a link to see some more info including room sizes for this proeprty.
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Thu Jun 7, 2012
Scott A. Nelson answered:
You could request all the info on the Title V inspection report and that will tell you what & why it failed. It'll also list the company that did the inspection. You can then ask them for an estimate on the costs involved. Also contact the local board of health for other approved private sewerage companies for their estimates on their estimate on costs. There could be minor issues involved that can be easily remedied but still made the system fail or more extensive issues such as the whole system being undersized or outdated for the property or other environmental issues.

Good luck in your search, check back and let us know how you make out, it helps others with similar questions & grows the commmunity's growing knowledge base.
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Wed Feb 16, 2011
Michelle Gatchell-gebo answered:
There are a lot of great companies in Massachusetts. You should consult with family and friends for referrals. In doing so lets not forget whats really important. Cost is and costumer service!. Find out if any of of your referrals had ever put in a claim. How receptive was the company? How was the overall process and costumer service? Its nice to know that you have a company that will be there for you if needed. Congratulations on your new home! Many happy years! ... more
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Wed Mar 31, 2010
Stephen Suech answered:
It is possible. You need to speak with a lender and review your credit report. It also depends on compensating factors, such as your down payment, income, and bank reserves. Feel free to contact me. I am located in Woburn, MA. ... more
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Thu Dec 10, 2009
Ken Lambert answered:
Hi Max- I'm not sure, but I work with a RE broker who works based out of Lynnfield. I'd be happy to put you in touch with her if you'd like. She probably has some local insight for you. Thanks, and good luck,

Ken L.
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Mon Jun 29, 2009
Michael Giles answered:
Hi Morgan,
It's always dificult answering the status of a school system because everyone has their own idea of what constitutes "acceptable" I can tell you that as a City, Peabody is run very well. They have huge revenues from Commercial taxex (Centennial Park and The North Shore Mall) and by owning the Municiple Light Plant. This makes it easier to keep the taxes low while still funding the needs of the City. I was the listing agent on a condo in Peabody that was purchased last month by a woman that was a Pricipal in the Swampscott School System because she wanted to keep her child in the Peabody Schools. This link may help with your research ... more
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Thu May 28, 2009 answered:
Here are all the properties on the market in Peabody under $250,000:[]=315&search_city[]=315&minimum_price=&maximum_price=250%2C000&search_type[]=all&bedrooms[]=all&bathrooms[]=all&minimum_squarefeet=&maximum_squarefeet=&search_house=&search_street=&minimum_year=&maximum_year=&lot_size=

There are even a couple 4 bedroom homes on the market. Here is an example of a beautiful one:
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