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Wellesley Hills : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 5
Tue Oct 29, 2013
Richard Shapiro answered:
Can the insurance industry descriminate a town like Wellesley. Sounds more likely that the clients insurance company did a property survey and didn't like the tree situation. I would assume it was triggered by the home price. Higher price might need an inspection especially with lots of custom interior work and high end appliances.

Get the ins agents name and number asd ask.
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Mon Aug 13, 2012
Short Sale Mitigation, LLC answered:
It means the negotiator has reached out to upper management, or another department that oversees the progress of the file internally and can likely rectify any issues the file is having progressing forward. The expectation of the file and the reality of what is happening usually will trigger an escalation request.

Maryann Little, VP Mitigation
The Short Sale Closer!
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Wed Aug 17, 2011
Cecilia Hensel answered:
Cecilia Hensel
Wellesley, MA
I think you should explore the financing options very carefully before you start the project. While anything is possible, today the mortgage and apraisal industries are very difficult to predict. I recommend you look into a construction loan that will convert into a conventional mortgage upon completion. You need to have a reputable builder with a track record to qualify for the construction loan. Ask your builder. He may have some financing recommendations. I have had success with Rockland Trust. Let me know if I can help you further. ... more
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Tue Feb 23, 2010
Patrick Thies answered:
The ratio is used more as a ballpark guide with both the sellers and the buyers.

Buyers can use the stats to decide where to start their offer. If on average houses are selling at 95% of list price, then buyers have an idea of where the final sale price should be.

Sellers can use the stats to see where their house may sell at and also to see where they should list the house.

When the price of a house keeps being lowered, then sellers can see that it would be best to list closer to the last list price and avoid over pricing the house.

What really is important is what similar houses in the area are actually selling for and use that as a guide.
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Mon Jul 6, 2009
Voices Member answered:

Perhaps some of the sources may help you form a general idea... ... survey of over 250 lenders/updated weekly on rate trends ... some current rates offered

Rate trends .... ... ....
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