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01754 : Real Estate Advice

  • All6
  • Local Info0
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 9
Fri Nov 2, 2012
John Savignano answered:
looking to the future and eventually selling your home, for resale purposes a 3 bedroom home is more desirable than a 2 bedroom home. having said this, if resale is not a consideration and changing the floor plan to 2 bedroom with 1 being larger makes for better living for your family, than that's a different story. I hope this is helpful ... more
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Mon Apr 15, 2013
Scott A. Nelson answered:
Depending on sides of town involved (both Maynard & Boston) I'd say 1:15 - 1:30min by car., although holidays & weather can make it longer. You can also look it up on the MBTA's website for public transportation options. ... more
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Fri Apr 2, 2010
Anna M Brocco answered:
Speak to your tax consultant regarding IRS qualifying codes--see IRS link for additional information.
www.irs.gov/newsroom/article/0,,id=206291,00.html
0 votes 0 Answers Share Flag
Fri Feb 26, 2010
Don Jacks answered:
Home Seller,
Obviously, this is a huge discision for you and your family. A short sale is a long, challenging process. Your credit will be ruined. It will take 3-6 months at least. You will be able to buy again, once your credit is repaired, in about 2 years or so. The bank wants to see a hardship by you to approve the short sale. If you are making your payments, have money in the bank or available, the bank will not see it as a hardship.
If it's possible for you to sell, and not do a short sale, and not negatively hurt your financial situation, I'd suggest to not do a short sale, bring money to the closing table. In the long run, you will be very happy that your credit is stil lin tact. For $15,000/$35,000, you've worked to hard to have great credit. Good luck with your choice/move.
... more
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Tue Aug 25, 2009
Yannis Tsitsas answered:
Hi Avram,
you buy the property as a 2 Family, which means you buy one deed. Then you hire an attorney and you do two condos, two deeds. Now, there are a few questions to be answered, for example can this property be turned in two condos, etc, questions that could be answered by the building department & zoning, etc from the town of Maynard. For example what are the parking requirements, if any, etc/ Also when you decide to sell them as condos, what will be the lenders requirements. If you have more specific questions, I would love to tell you more and help you in any way that I can. You can email me directly at: yannistsitsas@yahoo.com
I look forward to speaking with you since I reside in West Concord, which is next to Maynard. Good luck.
Yannis
... more
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Sat Apr 26, 2014
Judy Boyle answered:
Hi Onondaga,

Maynard is a wonderful community and a wonderful place to raise a family. While I do not live there myself, I have many friends there. I do live in nearby Northborough. One of the things that I love most about this general area is that my children are being raised with families from all backgrounds. As a result, they are familiar with many cultures and many religions and, most importantly, they have no prejudice! If you'd like to talk more, I'd love to! ... more
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Mon Apr 15, 2013
SanfordMullen answered:
School systems is likely the top the reason and then proximity to the city also make concord and sudbury more attractive. Sometimes taxes can be a reason so this might be something worth looking into. Area amenities as well. Lot's of variables to consider. ... more
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Wed Feb 4, 2009
Dp2 answered:
This market has lots of opportunities and pitfalls. Stated another way, I believe now is both a good and horrible time to buy. It's not that I'm trying to be purposefully ambiguous; rather, some buyers are getting killed out there as others are striking gold.

The key is for one to determine one's exit strategy, before doing anything. After that, then one needs to evaluate that strategy to determine whether s/he can execute that strategy well under these market conditions.

Some buy-and-hold strategies work better than others; similarly, some flip strategies work better than others. Not every strategy will work in every market. So, one needs to educate one's self to ensure that s/he will be able to piece together the right strategy for a particular market. Of course, for him/her that strategy might be to wait awhile longer before striking.
... more
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Mon Jan 18, 2010
Melissa Mancini answered:
It can be offensive to some sellers who are new to the market and who are already “priced right”. Sellers have already lost equity in there home, and if they are priced accordingly and a buyer comes in with a low-ball offer, it can tick them off. As much of a business deal the sales process can be, sellers can be very emotional. If you have a Buyer Agent, they should be providing you with a “CMA” which would be used as a baseline for negotiations. If you can’t provide comparable active listings or sales data to support a low offer, the chances of getting it accepted, weakens. ... more
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