Currently there is no program in Massachusetts offering any type of grant for purchasing a multi family home. As Bob says, there are lending programs through the state (Mass Housing) and federal government (FHA or FNMA) that offers assistance to first time buyers in the way of lower down payments and waiving of private mortgage insurance (PMI). Your best bet is to contact a Realtor or Mortgage Broker that can help guide you.... more
In some areas of the country they have jacked property taxes so high that when you divide it by 12 it requires a high $ rent minimum just to cover taxes. This makes even the cardboard box apartments expensive.... more
Sadly, check with lender. My husband and I are full-time students plus we full-time making a good living. Just today we were told that because of changes they have to count our students, which are in deferment. We were told to consolidate our student loans, but we can't do that because we are not done with school. I have about 2 years to go and my husband has anywhere from 3 - 5 years. Our degrees will enhance our careers allowing us to make more money, but the mortgage company saw the word deferment and said they had to consider 2% as debt. So be aware there might be challenges.... more
I just had a quick question I was hoping you could help me with. I am in the process of purchasing a home that has a radon mitigation system installed. the house has a basement that is 60% finished so my wife and I thought this was a very good thing. When we had the house tested it came back with a reading of 3.8 pciL, which we thought was pretty high for a system being in place. The system is10 years old could this play an affect as to why its so high? if we change the fan would this help the problem or would a new system need to be installed?... more
Audrey, someone whom I am looking to rent from gave me that phone number as well. I looked it up and the internet says it is a landline in Los Angeles. Is the person's name Nilce nohemi Clyde or Donna Riedemann?... more
Generally, yes but there are always details in your contract which must be read and understood. I would have a hard time recommending a buyer waive the inspection, especially if they didn't do some investigation on their own.
If your agent isn't being helpful, get to an attorney with your contract right away. Time is not on your side and if you can get it back, you may need to request it with the right reason within the appropriate time.... more
I would refer to your lease first. Second, I would speak to a Real Estate Attorney that specializes in Tenant Laws and protection in Massachusetts. Put everything in writing to your landlord and have him sign it or respond. Emails can be used as correspondence in a case. If he is neglecting safety hazards in the home, my understanding is he can be sued for triple damages if anything were to happen. Again, you'll want to speak with an Attorney and make sure you have your lease & copy of conversations. Records of everything will be your most important asset if anything were to happen. Best of luck. If you decide to move, call me. I can help.... more
Radon can be almost anywhere. Depending on how the mobile home is enclosed under the home. If it is sealed good it could let some Radon leak in. If it is vented or open under the home then the is much less of a chance. I would suggest that you go to the internet for the EPA and read there reports on Radon.
Everyone has to decide for themselves if one test or another helps them feel better about living in the home they are buying. If it is worth the money to them, I say let them do it.