01602 : Real Estate Advice

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Scott A. Nel…,  in 02155
Scott A. Nelson answered:
The landlord will get punishment if he terminates the lease illegally, even when it is not indicated in the lease?
Massachusetts is a very pro-tenant state. Typically also whoever draws up the contract if there's a dispute it's usually found to be in favor of the one who did not draw it up ... more
0 votes Share Flag Mon Jul 11, 2011 Rental Basics in 01609
Louis  Wolfs…, Real Estate Pro in Needham, MA
Louis Wolfson answered:
Hello,,,I am planning to move to Worcester County next Year. I am moving from Calif. with elderly mother (she will be buying house). Tax breaks for?
There are tax breaks for those over 65 in Massachusetts check out this web site from the state

http://www.mass.gov/?pageID=dorterminal&L=6&L0=Home&L1=Individuals+and+Fami ... more
0 votes Share Flag Fri Feb 3, 2012 Home Buying in Worcester
Judy Boyle , Real Estate Pro in Marlborough, MA
Judy Boyle answered:
How to deal with the situation that the 'short' sale takes too 'long'?
Hi Yingbrooke,

There are new rules governing how long the "servicer" of the seller's mortgage can take to respond. The question you absolutely need to have your agent ... more
0 votes Share Flag Tue Aug 23, 2011 Home Buying in 01609
Louis  Wolfs…, Real Estate Pro in Needham, MA
Louis Wolfson answered:
I need advises on buying a property with Foundation problem
Depends on your question, but most likely you will need to speak with a structural engineer.
0 votes Share Flag Mon Apr 11, 2011 Home Buying in Worcester
Lori Crawford,  in 34684
Lori Crawford answered:
I am a cash buyer and put in an asking-price offer for a short sale condo in the beginning of Jan, haven't heard back from the bank yet, is it
Yes...many short sale properties can take 4, 6, 9 or more months to get response and/or closed.
0 votes Share Flag Tue Apr 5, 2011 Home Buying in 01609
Kathy Weber, Real Estate Pro in Temecula, CA
Kathy Weber answered:
I am paying cash ($40,000) to buy a condo that is a short sale, I wonder who should pay the closing fee and about how much it will cost?
I would ask your agent what they feel would make your offer "clean" and competative with other offer's that may be placed.
Your closing fee's may vary depending on ... more
0 votes Share Flag Wed Apr 6, 2011 Home Buying in 01609
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
If the agent did not get paid enough from the bank (because I am buying a short sale property), should I (as the buyer) to pay her composition?
That depends. Did you sign an exclusive buyer representation agreement with her? If you did, then you probably agreed to pay her the difference between what she got paid from the bank ... more
0 votes Share Flag Wed Jan 9, 2013 Home Buying in 01609
Heidi Zizza, Real Estate Pro in Framingham, MA
Heidi Zizza answered:
2 BOARDMAN ST, Worcester, MA 01606MLS # 71167152
Yes it is still avilable. You can contact me at 508-277-2032
0 votes Share Flag Fri Feb 18, 2011 Home Buying in Worcester
Tanya Bugbee, Real Estate Pro in The Woodlands, TX
Tanya Bugbee answered:
Converting first floor laundry room into a 13 x 8 bedroom in 2 bed 2.5 bath house.
Having another bedroom will add value to your home. Yes, this is a small bedroom - so, when you get ready to show your house please have it staged properly. (declutter, neutral etc.) ... more
0 votes Share Flag Wed Mar 27, 2013 Remodel & Renovate in 01606
Dave Stead, Real Estate Pro in Worcester, MA
Dave Stead answered:
Do SFR townhomes where the owners share the land qualfiy for FHA? There is no HOA. But every two units share the land for their units.
Benji-

It can be confusing.

In worcester there are single family attached homes. The lot line runs right down the center of the building- you own your side (including the land) ... more
0 votes Share Flag Mon Feb 21, 2011 Home Buying in 01603
Dennis,  in Worcester County, MA
Dennis answered:
I am closing on a foreclosed house in a few days. Since the inspection there has been several snow storms and there is 2' of snow sitting on the
You are, unfortunately between a rock and a hard place. As a Realtor and a Paralegal, I can tell you that you can try to draw up a quick document and submit it to the attorney for the ... more
0 votes Share Flag Tue Feb 1, 2011 Foreclosure in Worcester
Steve Boucher, Real Estate Pro in Franklin, MA
Steve Boucher answered:
Can I get pre-approved for a mortgage if my job is commission based?
Yes you can the commission but need a 2 year history of receiving these commissions in order to count it. Do you receive any base salary?
0 votes Share Flag Tue Jan 4, 2011 Financing in Worcester
Andrew Adams,  in 01915
Andrew Adams answered:
Masshousing vs Conventional mortgage in Massachusetts
Drew your NE Moves loan officer is on the money, the difference is negligible. I have prepared this quick comparison for you. http://edge.mortgagecoach.com/beta/report/edgereport.html ... more
0 votes Share Flag Mon Jan 20, 2014 Financing in Worcester
Joe Abbascia, Real Estate Pro in Worcester, MA
Joe Abbascia answered:
What's the best (safest,investment) area to look for a small single family, or Condo/Townhouse for a professional within 5 miles of QCC? Thanks
Hi Ray-the best areas would be upper burncoat St., Greendale section up by Indian Hill road area and the summit, as you go to the end of Burncoat, it runs into the summit, take a right ... more
0 votes Share Flag Tue Dec 14, 2010 Home Buying in Worcester
Mirna Morales, Real Estate Pro in Los Angeles, CA
Mirna Morales answered:
I put an offer in on a short sale and now the bank put it to auction. Is that legal?
This is happening more and more, when you submit an offer on a short sale there is no guarantee that the bank will accept the short sale request from the current home owner, your best b ... more
0 votes Share Flag Thu Nov 18, 2010 Home Buying in Worcester
Tom Rheault, Real Estate Pro in Worcester, MA
Tom Rheault answered:
Will my niece be knifed here if she moves to this neighborhood? She is not very big.
Probably not.

Jeff, let me know the specifics on where she is moving (or if she needs any assistance in the area) and I will be able to help. Webster Square isn't necessarily t ... more
0 votes Share Flag Sat Apr 12, 2014 In My Neighborhood in Webster Square
Jeffrey Cart…, Real Estate Pro in Beverly, MA
Jeffrey Carter answered:
If a property has been approved for a renovation loan, do I have to do it? Can I just do the Home Path loan & accept property as it is?
Hello Barbara,

Sometimes when a property is "approved for a renovation loan", it means that it won't pass FHA or conventional financing due to the work needed. You sh ... more
0 votes Share Flag Mon Aug 2, 2010 Home Buying in Worcester
Marty Remo, Real Estate Pro in Central Valley, NY
Marty Remo answered:
I'm looking at a house and in the description it says "Radon detected at 7.0." Does anyone know what this means?
EPA Standards are maximum of 4.0. I would sugguest having it retested. If it doesn't come in under 4.0. The home will need a remediation system.
0 votes Share Flag Fri Jul 16, 2010 Home Buying in Worcester
Christopher…, Real Estate Pro in Methuen, MA
Christopher Lefebvre answered:
Are there any first time home buyer tax breaks available in Massachusetts or Worcester right now?
Danielle,

This is the only tax credit that I am aware of right now, but you needed to be under agreement by April 30, 2010 to be eligible and would have to close before September 30, ... more
0 votes Share Flag Fri Jul 16, 2010 Home Buying in Worcester
Judy Boyle , Real Estate Pro in Marlborough, MA
Judy Boyle answered:
What's the best way for an absentee seller to work with an agent to sell a condo (non-foreclosure or short sale) in this market?
Hi Clarkie,

It's done all the time actually! As you interview a few marketing agents, have them tell YOU what they will do to market your home...IN YOUR ABSENCE. The answers s ... more
0 votes Share Flag Sun Jun 13, 2010 Market Conditions in Worcester
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