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Home Selling in Waltham : Real Estate Advice

  • All72
  • Local Info5
  • Home Buying37
  • Home Selling8
  • Market Conditions1

Activity 8
Mon Jul 14, 2014
kim4lf asked:
We own 55% of a two home condo. We lost a potential buyer due to FHA restrictions of 50%. In addition both owners would like to sublet.
0 votes 0 Answers Share Flag
Tue Dec 10, 2013
Anthony Piemonte answered:
Look for an agent that will charge a flat fee for what is called and Entry Only listing. Your information will be on the listing so agents will call you for showings and offers, and yes it will then be on Trulia! ... more
0 votes 6 answers Share Flag
Wed Oct 2, 2013
Deborah Byrne answered:
You can use wording as additional kitchen and bath instead of using the word inlaw.
I will be happy to help. 617-201-4730. Prudential Relocation Director,
32 years experience.
Deborah Byrne ... more
0 votes 8 answers Share Flag
Fri Feb 11, 2011
Gregory A. Pond answered:
Hello, I apologize for being vague, but it depends. Where is your unit located in Waltham? As of today, there have been 22 condos sold in Waltham in the last 2 months, ranging from $160k to $535k. How many bedrooms and bathrooms do you have? Are there any special features to your condo that would set it apart from the rest of the condos on the market? Without additional information about your condo, it is tough to give you a sense of the value. For a hassle free comparative market analysis and market report, feel free to email me at greg@novelre.com. Best of luck to you. ... more
0 votes 4 answers Share Flag
Wed Aug 5, 2009
Ken Lambert answered:
Hello- Each town is different, with different bylaws. If I were you, you should covertly get a copy of the town's zoning and building bylaws regarding inlaws to see what kind of flexibility or gray area there is with this.

Most inlaws do not have a full kitchen- but they can have a kitchenette. They also need to have a common/ interior door- that can have a lock on it- that connects the main house to the in-law wing. Also, most inlaws are on the same heating system and electric meter as the main house- which differentiates it from a 2-family setup.
If you can rent it to someone under these terms- not a full kitchen, a common door with you and your family, and you want to pay for their heat and electricity, etc- then maybe you should consider it. But see what the rules say first.
If I can be of any other help, please let me know. Thanks and good luck,
Ken L.
... more
1 vote 2 answers Share Flag
Tue Aug 4, 2009
"MICHAEL" Israel Benichay answered:
Try this link
http://www.miamidade.gov/pa/property_search.asp

GLOBE WIDE REALTY
MICHAEL ISRAEL BENICHAY
Broker/Owner
TEL; 305-301-2230
FAX:305-380-7729
Email: PCB@BELLSOUTH.NET
Web: WWW.GLOBEWIDEREALTYINT.COM
... more
0 votes 2 answers Share Flag
Thu Aug 21, 2008
NonRealtor answered:
If you bought 2 years ago, you probably will have a loss when you sell, not a gain. Talk to your tax preparer or a financial advisor.
0 votes 7 answers Share Flag
Fri Mar 28, 2008
The_Bayou answered:
Anthony,

I have heard a lot of horror stories from people who have bought 2 family homes and then tried to sell one of the units as a condo. The horror stories usually involve the potential buyers feeling like the condo docs make them second class citizens as definitions of common areas, parking spaces, etc... tend to favor the person who had the document drafted Also, it is usually the case the the original owner keeps the top floor and sells the bottom. The potential buyer realized that this can be a no win situation if they have problems with overhead noise as they only have a 50% vote and therefore no power. What ends up happening is that the potential buyer complains that the condo docs treat them as a tenant rather than an owner. If you are going to do this, make sure your lawyer structures the condo docs in a way that they would be approved by a potential buyers lender.

That said, many of these 2 family condo conversion sell every year. I am just giving you a few things to consider when having the documents drafted.
... more
0 votes 7 answers Share Flag
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