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01844 : Real Estate Advice

  • All18
  • Local Info2
  • Home Buying9
  • Home Selling4
  • Market Conditions0

Activity 28
Thu Apr 2, 2009
Sean Dawes answered:
You should notify her prior to the listing if you can that it will be on the market but the lease will continue until it is over.

Unless it is month to month then they might not be concerned about the change of ownership.

-Sean Dawes
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Sat Apr 28, 2012
Christopher Lawton answered:
Fri Jul 10, 2009
Arlene Santangelo answered:
Good morning:
You may wish to log on to Methuen's website to obtain this, and other valuable information
Arlene Santangelo
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Wed Jan 7, 2009
Michael Giles answered:
I have sold a couple of houses in Methuen in the last year and always tell my first time home buyers that it is a great value. It appears to be priced well, especially for new construction. You will need to talk to your lender to make sure that the program you are in will allow you to be the first unit out in a new condo development. You can use the link below to access a full community report on Methuen. If I can be of any more help don't hesitate to contact me at 978-882-4659. ... more
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Wed Mar 31, 2010
Lance Holtman answered:
Contact, they are non-profit & they have a home save program
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Thu Mar 31, 2011
Jim Armstrong answered:

It's possible, but there are so many variables that it is impossible to give you a definate answer. I will give you a couple of hints, though.

1. Buy low. Nobody can predict what is going to happen with the market in the next 2 year. Yes, some people try, many with very impressive credentials, but there are so many different opinions, who do you believe? The fact is, real estate will always go up in value over time. How much time is the big unknown right now. But if you buy low enough, you have a better chance of selling for a profit. And by low, I don't mean low-priced. I mean below current market value. Look at bank owned (REO) properties to find some great deals.

2. FInd homes that mainly need cosmetics. A coat of paint, new flooring, and a spruce up of the kitchen and baths will dramtically raise the value and lower market time. Don't buy a home that needs major renovations unless you can do most of the work yourself to keep the costs down.

3. Make sure the home is located in a desirable, fast-selling neighborhood. It doesn't matter how nice you make the place, if no one likes the neighborhood, they won't even want to see it, let alone buy it.

4. Concentrate on curb appeal. Make sure the outside of the house is immaculate. Spend some money on landscaping.

5. Enjoy the tax benefits in the meantime (assuming you are going to live there for the 2 years). Not only can you deduct the mortgage interest and some other expenses, when you sell you can make up to $250,000 profit and not pay any taxes on it! ($500,000 for couples). Please talk to your tax advisor for full details.

Good luck and I wish you much profit.
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Thu Feb 14, 2008
Brecht Palombo answered:
Sorry, no dice. If only it were that clean and well organized. I am an auctioneer and a broker in 3 states. The tax auction business in Massachusetts has got to be one of the most disorganized messes I've seen. I would love to have someone prove me wrong here if I've missed something but I don't think I have. I have called on a number of cities and towns in an effort to business (as the auctioneer) with them and I've found that the processes vary widely. Tax auctions are rarely used here, it is a last resort. Chelmsford and Dracut both have sales that they are working on working on and Rowley Supposedly has some stuff coming up. I would submit to you however that the best way to handle that is to call the various municipalities that you are interested in and ask to get on their mailing list. Also check out Zekos auctioneers they do a bit of that business. If you're looking at the 16% Solution - try Florida and Arizona, they have the process downa and they have regular auctions, but don't expect to actually achieve that 16%, bidding is competitive. ... more
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Thu Oct 25, 2007
Jim Walker answered:
Under the power of sale clause in your mortgage (Read your mortgage papers to see if that clause is there>) The lender must advertise for at least 3 weeks and make diligent efforts to contact you directly before they can
make the sale. After the property is sold, eviction proceedings can begin. Eviction has its own time line that is not concurrent with the forced sale. --

Some banks want to avoid foreclosure and will work with you to mitigate their losses in a process called "forbearance" You may be eligible for a forbearance workout due to your hardship circumstance. Look into it.
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