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Boston : Real Estate Advice

  • All1K
  • Local Info121
  • Home Buying456
  • Home Selling56
  • Market Conditions33

Activity 797
Wed Mar 4, 2015
James Furlong answered:
The trend emerged because of the need. There is little private parking in central Boston. As buildings (with back yards accessed by by back alleys) were developed into condo units these back yards were made into surface parking. As new construction mid-rise and high-rise buildings appeared they all included underground parking. Many of these parking spaces could be bought as individual spaces in addition to the one or two spaces that came with the condo. ... more
0 votes 8 answers Share Flag
Wed Feb 12, 2014
James Furlong answered:
Beacon Hill and Back Bay have very expensive parking - either for rent or for sale. The South End has similar parking but less expensive. Dorchester has little or none - there is no need as many properties have their own off street parking. ... more
0 votes 6 answers Share Flag
Tue Jul 8, 2014
Greer Swiston answered:
"Real Property" has to do real estate having to do with land and that which is not easily removable (for instance a house on a foundation and the land on which it sits). "Personal Property" is anything that is "mobile", like furniture and appliances that aren't nailed/screwed into the walls.

Most of the time, it's pretty cut and dry. However, the fuzzy area comes with mobile homes which, I believe, in Massachusetts is considered to be "personal property", not "real property" ... only the lot on which the mobile home sits is considered "real property". If you're dealing in that fuzzy area, it would be best to consult an attorney.

The rule of thumb is, if it can be easily moved (not screwed in) ... then it is considered personal property. If it has to do with land ownership of structures attached to a piece of land ... then it is real property.
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0 votes 10 answers Share Flag
Mon Jan 28, 2013
Carey T. Hansen answered:
Thu Dec 12, 2013
John Dean answered:

The North End is a vibrant part of Boston. Not only are there a high concentration of places to eat and shop but it is also one of the cities tourist areas. As far as a problem with noise, I have never had a problem there. The North End is one of my favorites places in the city.

Noise is relative I found the North End quieter then when I lived in Back Bay on Beacon Street.
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0 votes 9 answers Share Flag
Thu Dec 12, 2013
Wen Farina answered:
It does happen from time to time that the closing attorney does both butI would recommend you get your own attorney to represent you.
0 votes 11 answers Share Flag
Sun Dec 22, 2013
CH Naamad answered:
Are you a landlord?
if so, you can use:
0 votes 10 answers Share Flag
Wed Feb 20, 2013
Mario Pavli answered:
It all depends on the actual unit and how desirable the area is. The rental market being the way it is, the prices are only increasing. If the renter is going to stay here for more than 1 year than they can sign a 1 year+ lease so the rent won't increase. Yet again it could be risky cause the market changes so it can potentially backfire too.

Best Of Luck
... more
0 votes 5 answers Share Flag
Mon Dec 16, 2013
McCormack Scanlan answered:
There are many questions that need to be answered. How many owners in an association, the health of the reserve fund and whether you plan on living in the property will dictate whether you can purchase with 5, 10 or 20% down.

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Sat Aug 27, 2016
Ellen Friedman answered:
If the previous buyer shared the information with the realtor, yes, he or she does have to disclose that information. The realtor cannot disclose information that she or he was not made aware of. ... more
0 votes 28 answers Share Flag
Thu Jun 13, 2013
Andrew Nazzaro answered:
Winthrop is by far the best seaside town near Boston. Considering Winthrop is only 4 miles from downtown Boston the real estate prices are extremely reasonable. There is a ferry into Boston and a bus that runs through out the town with a pick up and drop off at Orient Heights (Blue Line). ... more
0 votes 9 answers Share Flag
Sun Nov 25, 2012
Bill Eckler answered:

One of the "top" reasons why property doesn't sell is PRICE!

If dropping the price is a valid consideration.....why not consider dropping it prior to the listing expiring?

Good luck,

... more
0 votes 12 answers Share Flag
Tue Nov 20, 2012
Masha Senderovich answered:
It's been an up and coming neighborhood for a while and there's lots of potential for real estate development.
0 votes 3 answers Share Flag
Tue Nov 20, 2012
Heath Coker answered:
Mobile homes need a place to be.
The resale market for that age of mobile home without a lot/park to settle on will be more difficult to figure.
I would talk to a lender who specilizes in mobile homes.
Not every one does mobile home lending.
However, a specialist will know the value of your Horton.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
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0 votes 2 answers Share Flag
Mon Nov 19, 2012
Andrew Adams answered:
You make what you make adjusting those numbers so they make it possible to qualify will not make it any easier to pay the mortgage. Report your income accurately and buy what you can afford. ... more
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Sat Nov 17, 2012
Moy Lopez answered:
All, some or none is the right answer depending on what rate option you pick. The term junk fees are such a loaded 90s term and will put your lender in a defensive mode. So avoid using it when negotiating with your lender.

Closing cost fees may vary slightly from lender to lender but they all have to be paid by either you, the seller, or the lender. Lets keep it simple and keep the seller out of this. So now its either you pay it or the lender pays or both.

For a slightly higher rate, the lender would be glad to pay all of your closing costs. For a lower rate you coul dend up paying for all the fees.. But for a rate in between, the lender could give you a "credit for interest rate chosen" that you can use to pay some of your closing costs. The amount varies based on the current days pricing. So find out if they offer these pricing options, pick one and lock them in.

Goo dluck
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0 votes 1 answer Share Flag
Mon Nov 19, 2012
CH Naamad answered:
Please consult your counsel for what you need to bring to closing. He is the one you should listen to please.
0 votes 2 answers Share Flag
Mon Nov 19, 2012
Deborah Jordan answered:
Contact a mortgage loan officer, such as myself.
The mortgage rep will ask you for certain information
such as residential, income and employment history,
social security number and birthdate, etc..
and what you are interested in for a home
They will review your credit,
and collect and review income and asset documentation.
From this- they will be able to determine eligibility for preapproval.
Please feel free to contact me for further assistance.
... more
0 votes 9 answers Share Flag
Tue Feb 10, 2015
Richard Shapiro answered:
I would suggest asking any neighbors who have decks. Find a contractor in the neigborhood who speicalizes in this so it makes permitting from the city easier.
0 votes 11 answers Share Flag
Sat Jun 1, 2013
Richard Shapiro answered:
5% down at that loan amount is no problem. Long as your credit it is okay
0 votes 12 answers Share Flag
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