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02125 : Real Estate Advice

  • All18
  • Local Info4
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 797
Fri Mar 29, 2013
CH Naamad answered:
It is easy, but not recommended. Boston is a walkable city with a good public transportation system.
If you do not need a car, you can do without it easily.
0 votes 7 answers Share Flag
Sun Nov 24, 2013
Rafael Hernandez answered:
If you place the address on google and search amenities on google maps you should be able to see what amenities are near the location.
0 votes 9 answers Share Flag
Sun Mar 9, 2014
Rafael Hernandez answered:
I beleive you should be able to refinance but you definitely would want to talk to a mortgage lender. Each lender has different guidelines and you just want to make sure that you speak to a few of then so that you fully understand your options. ... more
0 votes 9 answers Share Flag
Wed Mar 20, 2013
CH Naamad answered:
Try to contact the loan holder and discuss some sort of arrangement with them to get you back on track.
There are government agencies that may here too. Please contact your city Gvt office for details.
Best of luck,
... more
0 votes 7 answers Share Flag
Thu Mar 14, 2013
Mario Pavli answered:
It's about 5.7 miles.

Best Of Luck
0 votes 3 answers Share Flag
Tue Apr 1, 2014
Bill Eckler answered:
From what we have heard via this forum and other sources, would lead one to believe, that like so many other locations, Boston is a market in transition......
0 votes 16 answers Share Flag
Tue Mar 26, 2013
CH Naamad answered:
Buyer should always bring an ID at closing.
At closing, buyer pays off the balance of the purchase price, signs all the documents related to deed and mortgage, and get the keys to the property. ... more
0 votes 6 answers Share Flag
Mon Mar 11, 2013
Danielle O'Brien answered:
This question is a litte vague, but I'm tackling as if you are a buyer comparing various homes.

Besides price, factors such as insurance and taxes (escrow requirements) will fluctuate. So while the actual mortgage payment on the home is constant these could change yearly and therefore change your expected payment.

Also, if you are not putting 20% or more down on a home you may be required to make private mortgage insurance payments. This generally decreases slightly as you pay down the mortgage and not all loan programs require this (i.e., VA, MassHousing) so this is a variable cost as well.

And lastly, rates change daily and the amount of points or fees charged by lenders differs resulting in different APRs. So, this could be a variable in the actual end result payment.

To recap:

Price of Home
Interest rate on Mortgage / APR
Taxes
Insurance
PMI

Best of luck!

~ Danielle
... more
0 votes 4 answers Share Flag
Tue Mar 12, 2013
Rafael Hernandez answered:
Usually you want to contact the lender and explain the situation depending on what your issue is they may allow you to make a late payment.
0 votes 6 answers Share Flag
Tue Mar 12, 2013
Danielle O'Brien answered:
If you are the buyer, you are responsible for meeting certain deadlines - such as the mortgage commitment date. There will also be various financial documentation you will be expected to provide in a timely manner. I would discuss the entire process and your responsibilities with your current lender including important dates and turnaround times. Many times they can provide you with a list of what is to be expected so you can start gathering the documentation (tax returns, pay stubs, bank statements, etc.). ... more
0 votes 5 answers Share Flag
Wed Mar 20, 2013
Great Spaces Boston answered:
Assessed and list/sale value are different animals. Assessed values are solely for the purpose of taxation. Typically assessors use a desktop software to spit out a value based on sq feet, lot size, permits applied for, etc... It is done on the 1st of January for the upcoming fiscal year, in Boston the fiscal year runs July-June. So the assessed value you are seeing now was generated on Jan 1, 2012, over a year out of date.

Assessments do not take into account for style, layout and other "soft" characteristics that can add or subtract tremendous value on a property.
... more
0 votes 7 answers Share Flag
Sun Mar 17, 2013
CH Naamad answered:
Please refer to this mortgage broker. He is really good and can answer all your questions regarding mortgages and loans.
Rich Clayton
Vice President â—Š Senior Mortgage Planner
ǁ Direct 617.830.5265 ǁ efax 781.990.0269
www.Claytonmtg.com ǁ APPLY NOW! ǁ MLO454889
... more
0 votes 6 answers Share Flag
Wed Mar 20, 2013
Amy Mullen answered:
Good morning Sano,

I do have two options for you as I just recently assisted a buyer that experienced the same issue. Please message me and I will pass along the mortgage broker's contact info.

Amy
... more
0 votes 7 answers Share Flag
Wed Mar 20, 2013
Michael Suffoletto answered:
With a purchase mortgage you cannot take out more than the cost of the home to consolidate debt. There are renovation mortgages that allow you to borrow more than the home purchase price to update, expand, or make general improvements to the home. ... more
0 votes 10 answers Share Flag
Sun Nov 24, 2013
Mathew Ames answered:
Southie has seen slow growth in sale prices since the crash, but more properties are being snatched up to new owners at a higher rate. Take a trip through town and you will certainly see positive growth in rehabs as well as new buildings. The short return is minimal but I think it is a good long term bet. ... more
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Tue Feb 26, 2013
Keith Jean-Pierre answered:
Dear Mrs. Curtis:

Closing costs as a buyer tend to be in the 3% - 4% range of the purchase price. A number of factors determine this but are not limited to mortgage payments, points if any, tax amount, attorney fees if any, escrow fees if any, insurance fees, survey/deed recording, etc. A good resource that I point all my clients to is a Closing Costs Calculator from Yahoo. Hopefully that will give you a better idea. Here is a link:

http://homes.yahoo.com/calculators/closing_costs.html

Good luck with your home purchase. If you are looking in Californnia, I envy you and the beautiful weather year-round!! Have fun and it was a pleasure speaking to you.
... more
0 votes 10 answers Share Flag
Tue Feb 26, 2013
Hassan Boukhris answered:
Hi,

Now is a good time. It would take some time to find the right buyer for your condo, and some time for the buyer's lender to process and approve their loan. The interest rates are still at historic low and many buyers want to buy as soon as possible.
Please let me know the terms of the lease and if your tenants are planning to move out on 8/31. Some investor buyers we work with don't mind keeping the tenants.
You would want to give the condo listing enough time on the market while you are collecting rent.
Please call or email me and I'll be happy to present an action plan specific to your situation.
... more
0 votes 13 answers Share Flag
Mon Feb 25, 2013
John Dean answered:
It has been a sellers market in the Greater Boston Area since last Jan. Prices are on the rise, interest rates are down and inventory is slim. It is a tough market to buy in so you better partner with the right Realtor to help with your search. Make sure they are keyed into their local market and working for you. ... more
0 votes 14 answers Share Flag
Mon Feb 25, 2013
John Dean answered:
Thaddeus .. with you being a Boston broker I would be interested in hearing your thoughts on this. I personally feel that Boston has a tremendous amount of diversity in the market place from universities to high tech and healthcare that have saved our community from some of the real estate horror stories . ... more
0 votes 4 answers Share Flag
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