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Home Buying in Woburn : Real Estate Advice

  • All44
  • Local Info3
  • Home Buying10
  • Home Selling0
  • Market Conditions1

Activity 20
Wed Nov 26, 2014
Gary asked:
Thu Jun 26, 2014
karablader answered:
You can look up how much crime has happened near you. Also, neighbors that have lived there a while will know how safe the neighborhood is. Talking with them will help you get a good idea of what security measures you need to take. If you are worried about the security, then installing an electronic security system is never a bad idea. ... more
0 votes 6 answers Share Flag
Tue Jun 24, 2014
Ponce' Deleong Smith answered:
A bit of advice would be to contact a local lender so they can take a loan application and review your credit now. If there's anything else that pops up on your credit that you are unaware of during the purchase process, it could disqualify you from your purchase. Although I'm in California, I am partnered with a great lender who could review your financial situation and confirm what you qualify for. Feel free to contact me through Trulia! Have a great day. ... more
0 votes 1 answer Share Flag
Thu Jun 12, 2014
Jeani Haynes answered:
Woburn is a city at the cross roads of 93 and 95 so the location is unbeatable. There is a lot of businesses in Woburn to carry the weight, so the property taxes are low.
Wakefield is very nice with tree lined streets and a lively down town.
Wilmington I feel is the more rural of the three however there is still plenty of shopping centers.
schools you will have to look up.
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Sat Mar 29, 2014
Roland Spadafora answered:
The inventory of rental homes in the Woburn area is minimal. Add in the need for pet friendly and the task becomes a real challenge. I am an owner of a Woburn real estate company and I handle rentals as well as manage properties. I would be happy to assist you if you'd like. ... more
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Tue May 7, 2013
Roland Spadafora answered:
This home sold at the end of April. It sold for $380,000. I am told there were multiple offers and as noted, it went for well over asking.
0 votes 3 answers Share Flag
Tue Mar 26, 2013
Janine Elkhoury answered:
It depends on the type of property 25% is what I think the average but your mortgage broker is the most qualified person to answer. If you need any recommendations please visit my website.

(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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Tue Aug 28, 2012
Richard Shapiro answered:
There is no such thing as sub-prime any more. Conventional loans come in two types, up to $417 and up to $465 (in the boston area). Best rates are for under 417.
0 votes 9 answers Share Flag
Wed Jun 6, 2012
Wen Farina answered:
You can schedule a private showing and go in and see for yourself. This house was completely renovated but it is always a good idea to see it in person not solely pics. Wayne ... more
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Wed Dec 28, 2011
Daniel Sutton answered:
If your wife is a first time home buyer and her credit is good then you can qualify for the stimulus but of course if she does not make enough money you may co-sign and it will work successfully.
Good Luck
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0 votes 5 answers Share Flag
Thu Sep 29, 2011
Kevin Vitali answered:
There are several alternatives. An FHA 203k would accomplish what your looking for as well as a Mass Housing Rehab loans. Some local banks have rehab products as well. A good buyers agent, will be able to recommend some providers for you. ... more
0 votes 7 answers Share Flag
Sun Jul 18, 2010
Mathew J answered:
Hello All,

Thanks for the great information. I just wanted to provide an update on this as we went to a number of open houses today in various towns, specifically; north Reading, Andover, Acton, and Wilmington (so depressing seeing what is available for 450-500K in these areas)

As for the list of towns, I think from what we have seen we are leaning more towards North Reading, Reading, North Andover, and Acton. These towns and the respective houses in them seemed a better "fit" with our style though the houses in Acton were a bit older and or seemingly not as kept up as we had hoped for.

As for the other respondents, thanks for the suggestions, we had considered Needham and briefly Arlington, but nothing ever seemed to pop on the various web searches we did in our range. We didn’t consider Concord and Carlisle due to cost, much like Wayland and Wellesley.

New Hampshire and too far north is somewhat out as my wife’s commute to Waltham would be potentially too much for her to handle, she really wants to be max 30 minutes from work in case something happens with our child at school which needs to be attended to.

We have been checking and find the information helpful but also wonder how much of a difference there is between the towns and their quality of the school system, also don’t know how much weight to put into the MCAS.

Thanks again for all the suggestions and keep them coming.
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0 votes 10 answers Share Flag
Sun Nov 8, 2009
Andrew Adams answered:
MHFA has the same title seasoning as FHA. The seller has to have owned the property for at least 90 days with the exception of bank owned. The condition of the property could require the buyer to obtain a purchase and renovation loan but the terms are the same as the regular MHFA loan with the exception of having funds in escrow to repair the property. ... more
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Fri Oct 9, 2009
Belinda Arroyo answered:
Give me a call if you are interested in owner financing mortgage. You have all the property rights of the owner, including tax deductibles, there is also a closing as in conventional mortgage.

Belinda Arroyo,Realtor
... more
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Sun Aug 30, 2009
Daniel answered:

your contract with the agent probable states that you will pay that agent 3 - 6% of the sell price

and thats OK, you can roll the commission into the loan
0 votes 11 answers Share Flag
Sun Aug 23, 2009 answered:
You can as a back up offer (if the seller has agreed to accept these) although I usually don't recommend clients do this because if a house comes back on the market technically the value has decreased so if you make an offer premature you can lock yourself into a higher purchase price. That said if you love it and cant live without it it might be worth a try. Make sure your buyer's agent is diligent about keeping on top of the sellers agent to make sure you get a chance if one arises (literally follow up every day). ... more
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Fri Jul 24, 2009
Christopher Lawton answered:
No! If you are buyeing prior to November 2009 then you mayrefile the 2008 amended return and claim the money! I work with many first time buyers who are using the money for updates, for a while the FHA was going to allow the money as part of the downpayment for for now yoiu need to file now or file later! ... more
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Wed Jul 1, 2009
Shelby Bateson answered:
You actually can get the credit before your loan closes, so you can use some of the funds to help with your closing costs (NOT your down payment). But you do have to have the offer in place and the loan in process and approved, prior to getting the refund.

I hope this helps.
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Mon Jun 30, 2008
Christopher Lawton answered:
36 Tremont is not a 2 family and the house was sold on 06/24/08, if the house could flood the listing realtor would have disclosed it or it would be found on ispection by touch, smell, and by moisture gauge. ... more
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Thu Jun 5, 2008
Christopher Lawton answered:
Rob - Not sure if you are still looking but Woburn or Billerica could assist you as some properties are lower and the taxes are low as well, many people forget about real estate taxes and insurance! Let me know if I can point out some hits for you!
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