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Home Selling in Quincy : Real Estate Advice

  • All159
  • Local Info13
  • Home Buying39
  • Home Selling5
  • Market Conditions5

Activity 9
Thu Aug 31, 2017
Joe Melville asked:
hi i have 39 white st quincy ma 02169 listed as for sale by owner. for some reason today all the pictures are gone and the price went up. can you tell me why this happened?
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Sun May 22, 2016
Dr Barry Freedman asked:
Sat Oct 31, 2015
Jeremyiron84 answered:
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
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Thu Jul 23, 2015
Austin Partain answered:
Adjust now. There are still plenty of buyers during July and waiting to August would only delay the potential sale of your home.
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Tue Aug 30, 2011
Dp2 answered:
Actually, that $20K estimate doesn't sound too high to me (an investor) for the cost. The bulk of that cost will be in handling the various plumbing related issues.

Although adding that bathroom might help to improve the quality of life for someone living there, I doubt that it would add an additional $20K to your sales price if you were to sell a year later. Contrary to all of the garbage that's been put out there via some design shows, the reality falls more in line with what Alan initially stated: "It's going to depend largely on the properties available in your area, as to whether this makes sense to do, or not."

If most of the other houses in your neighborhood have at least 2 baths, then you might want to consider adding one to be competitive. Yet, adding another bath isn't the only way to be competitive. You could add more value to your future listing by offering to sell for a slightly lower price than your competition, offering more flexible terms, including something like a gift card to a restaurant or store for the new future owner, etc. Plus, you'd be more likely to receive a higher return for actual dollars spent.
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Sat Jan 22, 2011
Mikel DeFrancesco answered:
it is never a bad time if it fulfills your goals. Are you swapping a better town for a smaller house? More yard for less house etc.

So you are correct, if the market conditions in each town are comparable it makes no difference if the market is up or down ( keep in mind to budget between 5%-8% for all your fees, commission, tax stamps closing costs, moving fees ). So even if the home values are the same.. it's not REALLY an even swap.

Also consider that the market affects different towns differently... do you think Dorchester has fallen more or less than Hingham? It's not even close.. Dorchester has been slammed while Hingham is OK.

Quincy is where I live, and one of the town that I have constantly updated market information for, including hard to find info like all sold homes, list vs sell statistics and more. I work in Scituate as a buyer agent.. but do not catalog Scituate statistics.
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Wed Jun 11, 2008
Mr. Melby answered:
In terms of whether you owe money to the listing broker, you need to closely read your contract, but the default in Massachusetts is that the brokerage only gets paid when there is an executed P&S and the deal closes and the seller has received their money (with one exception: if there is a P&S but the seller unfairly prevents the closing, the court may award the commission to the brokerage). ... more
1 vote 4 answers Share Flag
Tue Jun 10, 2008
Jeffrey Schnabel answered:
Sally,

Make sure you understand what your remedies are in this situation. If your contract says that you agreed to mediate any disputes, then you need to follow that procedure before considering to sue the seller.

Note that your agent, or you, need to make it very clear to the seller that you have a binding contract and that you expect them to follow through with their commitment. If that doesn't get you any where, then follow up that discussion to let them know that you're going to pursue all legal remedies at your disposal, and that those remedies will likely tie up the property and keep it from being sold to anyone until the dispute is resolved.

Often times the sellers try to back out of a contract because they get a better offer, but if they know that you are serious, AND that you intend to tie up the property, they will quickly realize that they can't even sell it to the higher offer because you're going to put a "cloud" on the title with your dispute.

To help your case, make sure that if you have an accepted offer, that it's in writing with everyone's signatures on it. In most states, a verbal agreement is not defensible in court. If you have the signed agreement, then take it to a title or escrow company to be receipted. Often times the seller will stipulate a preferred escrow or title company, use that specific one.

In addition, make sure a copy of the signed contract is delivered to both the listing agent and the listing agent's broker, and inform them they they too are expected to follow through with the commitment that their client made to you.

Keep us updated on your results!

Jeffrey
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0 votes 2 answers Share Flag
Tue Jan 15, 2008
Jon Ernest answered:
I am suffering from lack of information. And therefore have two answers based on two possible outcomes...

I don't know how bad the rot is. You at first say Minor... So the first thing you should actually do is hire a home inspector yourself. Now as a warning, whatever the home inspector finds will all of the sudden become a "known material defect" and therefore have to be disclosed when you sell. But it gives you two possibilities:

1) If (s)he says it's not so minor, and it's of serious concern... that is what your potential buyers are going to hear from their home inspector, they won't move ahead from that point. If that's what you hear... then no jaccuzi for you, everyone else below is absolutely right.

2) If you hire a home inspector, and they aren't worried about it, turn the jets on high and here's why:

You don't ever hear the saying, or read the statistics that sills and roofs sell houses. The saying is that Kitchens and bathrooms sell houses.

The moment you say "structural" people get worried (as you can read below). Are you a structural engineer? Have you had a structural engineer look at it?

Fix up the bathroom, and when your'e redy to sell, be sure to disclose that some wood on the sill is suspected to be rotting (show them the area of concern), and disclose any material defects you know of, and put it on a Sellers Disclosure statement to give to your agent. Also with the roof, if it's been leaking you might as well fix it, you'd have to disclose the leaking. If it's just old but there haven't been any problems, then disclose the age of the roof and that there haven't been any problems. You're not planning on selling this as a new construction are you? Of course not, this is Greater Boston. Homes here are old, it's part of their charm.
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