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01609 : Real Estate Advice

  • All16
  • Local Info0
  • Home Buying9
  • Home Selling0
  • Market Conditions0

Activity 100
Wed May 26, 2010
Sedruola Maruska answered:
Hi there,

If you are looking for a home to purchase, the easiest way to get into properties is to have a Buyer's Agent working for you. Once you are working with someone, you could let them know what you're looking for or even what you'd like to see and they would set the appointments and go visit the properties with you.

If you're looking for an agent to help you look at homes in the Worcester area, take a look at my profile. It would be my pleasure to serve you.

Good luck in your search!
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Mon Mar 15, 2010
Christopher Lefebvre answered:
Hello Karadi,

I would recommend that you talk with some mortgage brokers as they would be able to tell you their specific requirements for financing. I recommend that you speak with 3 or 4 different brokers to shop around. Here is a list of mortgage brokers in the area that may help you out.

Also, I have a friend in that area who is a great Realtor if you need a referral for a buyer's agent.
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Tue Mar 2, 2010
Scott A. Nelson answered:
The price they paid as institutional buyers is irrelevant. There might have been other non cash considerations made in the deal. That said you can offer whatever you feel comfortable offering. You might be. Better served though with finding justification for the price & terms you are offering, consider all the issues & risks and make your strongest proposal.

Hope that helps, check back and let us know how you make out
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0 votes 8 answers Share Flag
Fri Feb 19, 2010
Ellen Friedman answered:
I would be happy to help you look for a rental or else find a place to buy. There are a lot of good deals out there now. Check out my website or Trulia for testimonials: I look forward to hearing from you. Ellen
Ellen Friedman, Keller Williams Realty, 617-448-1542 or
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Tue Feb 16, 2010
You can broker a deal with a lender to have zero closing costs. Some lenders will refuse to give a deal with no closing costs, unless its a medium to high loan amount. (medium being about $250,000). Also the rate with be higher than average. In some cases, though its nice to have low closing costs. You will pay out in a different way, such as a higher monthly payment.
Because a lender says they will pay for closing costs, this usually does not involve your pre-paid items (taxes and insurance). This can be just as costly as the regular closing costs.
You want to make your life easier. If your buying a home ask for/ in fact insist on seller concessions.
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Thu Jan 28, 2010
Richard Lecinski answered:
Call a few real estate agents in your area. There maybe down payment assistance to help you also depending on your income and family size. You also need to talk with at least two lenders and they will tell you how your credit is and what you will need to do to bring it up if needed ... more
0 votes 7 answers Share Flag
Tue May 11, 2010
Angela Dolber answered:
Hi Adel,

There are many different areas of Worcester that have multifamily homes that could have good possibilities for renters depending on commuting location or schools. For example, you have 01602 and 01609 on the western side of the city that could have students from Worcester State College and Assumption Colleges, or you could do 01605 and 01604 on the eastern side that could possibly have interns and medical professionals from the UMass Meidcal Ctr off Rte 9. Or the 01606 area is the northern section of the city surrounding Quinsigamond Community College and commuters for Rte 190 going north of Worcester for work. So as Mr Jones mentioned, it really depends on what type of multifamily property you are looking for and the renters you are looking for as well.

Our Prudential website is great for helping you set up a saved search that can send you emails of properties that interest you, giving you up to date information of when multifamily homes come on the market, plus giving you some neighborhood and school information as well.

I see you are from San Diego, CA so are you looking for pure investment property or a buy to live in and rent as well? R & R Realty is a rental company in Northbridge that also does rental property management if needed. Let me know if I can be of any further assistance to you and if you'd like me to sign you up for receiving emails of potential multifamily homes in the Worcester area.

Hope you had a fabulous holiday and have a great new year!

Angela Dolber, Realtor
Prudential Prime Properties
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0 votes 10 answers Share Flag
Wed Oct 7, 2009
Scott A. Nelson answered:
You would be asking the town for an abatement of your tax assesment and therefore your tax bill. You should have a local real estate professional do an accurate market analysis to see if it's truly 60K different before you go to the town. Can't hurt to try and ask, the worst they can say is no, well the worst would be they could find your home MORE valuable and raise your taxes. Have a chat with your friendly local real estate professional and get an idea of what your place might be worth and then if it benefits you, head to town hall and see about a tax abatement.

Good luck, check back and let me know how you make out, hope this helps,
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0 votes 3 answers Share Flag
Tue Sep 22, 2009
Robert Greenblatt answered:
Hi Nicole. Your question is important and very common. Try spending some time in the area and talk with the "neighbors".

Robert Greenblatt
Keller Williams
0 votes 1 answer Share Flag
Sat Jul 4, 2009
Katina Wright answered:
If you have shaky credit a broker will be able to 'shop' your profile with different funders. If you have good credit then what is wrong with going into a bank...maybe even your own financial instituion and making a mortgage application?

No matter what get a Good Faith Estimate and find out what they are charging you for. I guarantee you will see differences in a side-by-side comparison of fees between a broker and lender. You only mentioned two options in your Try getting the scoop on broker/bankrate/credit union/lender.

Good Luck,
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Wed Jun 30, 2010
Sharon Koch answered:
You do not want to go to more then one person to be pre-approved because multiple credit checks will bring down your credit rating. If you want to check with a few loan officers to interview and ask about their fees that is fine but do not let more than one check your credit report. If I can be of assistance with this process, let me know. I work with a couple of great lenders. If you are a first time buyer remember there is an $8000 credit if you are closed by December 31, 2009. For more info on this contanct me. 810-225-8106 or email me at ... more
0 votes 10 answers Share Flag
Thu Jul 23, 2009
Christa Jaillet answered:
Hi MP,

Without seeing the property it is really difficult to answer that question. As you mention above, there are many areas that come into play. Pulling local comps of recently sold properties is the best way of basing your information & backing up your offer. When you present the offer as well, you need to do it in a manner that would hopefully not offend the seller. You can ask the seller , essentially, anything you want, within reason. My best advise to you is to seriously consider having an accredited buyer's agent, such as myself, represent you. It is a free service to you & I would get paid by the seller at the closing. If the seller has an agent, that agent's fiduciary responsibility is to the seller, so they are looking out for the seller's best interest first. If he is a For Sale by Owner, than 9 times out of 10, they are overpriced & potentially may not know the next steps to move it forward towards closing. Either way, this is one of the largest investments you will ever make, you should look out for your best interest first & have someone with the skills & experience needed to back you up & bring the whole deal together to close.

Feel free to contact me with any questions: or 508-887-3291
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Wed Oct 7, 2009
Scott A. Nelson answered:
You should consult with the executor/executrix and/or the attorney/court handling the estate. It would depend on alot of factors. An attorney could give you the best advice on this issue. ... more
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Tue Apr 14, 2009
Sean Dawes answered:
See if an agent will do you a favor and run some comps. If I had access I would not mind spending a little bit running some numbers. But there is more to a buyers agent than just comps just fyi.

Sean Dawes
Long and Foster Real Estate Inc.
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Tue Apr 7, 2009
Matthew Heisler answered:
Hi Dan-

You should ask your agent what the issue is with the estate. I'm sure that they have lots of experience with estate sales and can give you an indication if this is routine (3-6 weeks) or not (12 months).

Good Luck!
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Fri Apr 3, 2009
Ken Lambert answered:
Hello Courtney- I don't believe so. From your rough numbers there, I think you max loan amount will be about $240K- which would bring you under your $280K purchase price. This assumes you have a good credit score and good credit history, etc.
A letter from an employer I don't believe will pass the bank's underwriter- for qualification. Unless there is a contract guaranteeing it for a certain amount of time, etc. And most employers will not do that or guarantee anything of the sort.
I'd suggest you either wait a little until you start, OR you get some Gift money from a relative to help you with your down payment so that you can still get that house in the $280K range. If you'd like to talk further, please contact me. Thanks and good luck,
Ken L.
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Mon Dec 29, 2008
Angela Dolber answered:
Which home are you inquiring about? You don't mention an address in your question.
0 votes 1 answer Share Flag
Sun Feb 1, 2009
J R answered:
Unfortunately you waived the engineer inspection. I would NEVER advise waiving an engineer inspection, even on new construction, much less on a home built in 1930. Whether or not the seller is "liable" to disclose this depends on the law in your state. In NY if the seller gives the buyer $500 at closing, they do not have to fill out the disclosure form (I have never had an attorney allow the seller to fill out this form, by the way). The only person who can answer this question definitively is your attorney. Have you contacted them yet? ... more
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Sat Nov 29, 2008
Maria Morton answered:
Call Mary Lou Haywood-Catron 913.266.5609. Tell her that Maria Morton sent you to her. She will help you.
0 votes 4 answers Share Flag
Thu Mar 26, 2009
Bob Hill answered:
An out-of-state buyer will consider pictures very important.
We have had many requests for "more photos" even though every room was photographed.
However, if the home is an "ugly duckling" --- it may not be a good idea to add more than the one showing the front of the home.
We all try to give best impressions, but sometimes there is no "best." Best of luck to you.
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