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Home Selling in Boston : Real Estate Advice

  • All1K
  • Local Info121
  • Home Buying451
  • Home Selling54
  • Market Conditions33

Activity 40
Wed Jan 13, 2010
Elizabeth Herbert answered:
Contact the attorney you will be using for the closing as they are the ones that will be filling out the HUD-1 and can give you that answer.
0 votes 2 answers Share Flag
Wed Oct 7, 2009
Susan Costa answered:
An average commision is set by each individual office. In MA I have seen anywhere from 4-6%.

Speak with a local agent and ask what there rate is.
0 votes 3 answers Share Flag
Thu Jul 30, 2009
Ken Lambert answered:
Hello Meksblue- About 15-20% of the adult population smokes on a regular basis. So hypothetically you are limiting you potential pool of buyers down to about 85% of your normal market.
Are you selling this place now, in this market? If so, that's not a great thing to have yet another reason for people not to buy your place.

However, there are some people- maybe 5% or so- that would LOVE that bylaw and may look at your place even better.
Overall, I say this hurts you a little bit- but not drastically.
If you need any further help, please let me know. Thanks and good luck,

Ken L.
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0 votes 1 answer Share Flag
Mon Jul 6, 2009
Fred Griffin answered:
Great Topic.

When the Magazine publishes the article or web piece, can you please post it here?


0 votes 1 answer Share Flag
Mon Jun 29, 2009
Ann Marie Belair answered:
Price ranging>??? Can you elaborate on this questions a little? Are you referring to a price range to buy a home or a price range which a home may sell???
Ann Marie Belair
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0 votes 4 answers Share Flag
Mon May 4, 2009
Tom Kennedy answered:
Depending on the buyer's price range. Condos or even well maintained, well priced Single Family homes. T
0 votes 1 answer Share Flag
Thu Mar 26, 2009
Matt Heisler answered:
Hello Michael:

All 1099s are designated as "Miscellaneous Income" and you are responsible for declaring them on your tax return. But it doesn't mean you owe taxes. There's a number of things that you need to be clear on, and then I would discuss with a tax professional, but basically:

You sold a "piece" of what you owed. Since you did NOT sell your primary residence, I believe that this parcel will not count under the traditional housing capital gains exemption. However, it isn't clear that you made a gain on the parking space. Talk with a tax pro, but here's what I would find out:

Price you paid for unit AND common area: Original Price
Value of common area at time of purchase: Parking Price* (This will be an estimate)
Value of unit today, with out parking: Current Price. (This will be an estimate)

The market has been down, so your numbers could work out like this: Original Price: 300K. Value of parking: 15K. Current value of property: $285K. Net gain: $0. If there's no gain, no tax. There needs to be profit for taxes. A Tax professional will be able to help you with the required documentation to make sure your financial house is in order in case of an audit.
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0 votes 1 answer Share Flag
Wed Nov 10, 2010
Ken Snyder answered:
This is indeed a difficult situation. Assuming you used a selling agent and/or an attorney, this is definitely a question for them to answer. Without knowing the details of the agreement you signed, it's not really possible to responsibly offer you advise on this particular matter.
I wish you all the best.
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0 votes 6 answers Share Flag
Tue Aug 30, 2011
Dallas Texas answered:
Contact your mortgage broker who can provide you estimated closing costs, have your reviewed your Good Faith Estimate? aka G.F.E. lender would need to approve seller concessions of $7,500. ... more
0 votes 5 answers Share Flag
Thu Oct 21, 2010
Wen Farina answered:
It will take a bit of time before it gets better, it will be gradual. We are in a buyers market so you may not get the value you would have a couple of years ago for your home. However, on the other hand, you will not be paying as much for the house you buy on the buying end. The best way to help you determine what you can get for your house now is to get a CMA and compare it to what you owe (and other expenses) and see where you come out at the end. I'd be happy to send you one, a CMA, as I am very familiar with Dorchester, I live in Quincy/Dorchester line myself. You can contact me directly at if you like.

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0 votes 8 answers Share Flag
Thu Nov 13, 2008
Thomas Cincotti answered:
Hi Vincent,

What is your question about this unit? I would be happy to try an answer it for you. I'm an expert in the North End area and have been a resident for over 10 years.
0 votes 3 answers Share Flag
Tue Jul 1, 2014
Michael Lefebvre answered:
Average marketing time for ALL condos in JP over the last 3 months is 71.06 days (a little over 2 months), so a 3-month window is very realistic. Things may change a year from now, but based on today's stats, your 3-month window is right on. Most importantly you said you "can afford to price it right". That is the key. Regardless of market conditions, a JP condo "priced right" will 9 times out of 10 sell in under 90 days in my opinion.

Hope that helps. Contact me at the link below if you have any other questions.

All My Best,
... more
0 votes 5 answers Share Flag
Tue Jul 15, 2008
Cary Bowman answered:
At least the homeowner you buy from will be taking the same loss in the same bad market - in other words, you'll lose on the sale, but save on the purchase - it will all wash out even.
0 votes 5 answers Share Flag
Sun Jun 1, 2008
Jonathan Bowen answered:
Love To Fly, this happens all the time! I don't agree with what the homeowner did (knowingly or not) and am not condoning the practice but the fact remains that this is more common then the average person may realize. Ask your inspector if he/she feels as though the work was done properly. Your inspector will tell you that he/she can't see through walls but he/she should be able to give you some sort of assessment. Get a second opinion if needed. Anyhow, good luck.

P.S. You posted the same question twice. Delete one so that you don't have two divergent strings running.
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0 votes 6 answers Share Flag
Thu Jun 5, 2008
Don Tepper answered:
Talk to the agent's broker. Explain what's happened. Ask to be released from your listing agreement.

At the same time, ask the agent's broker what the procedure is to file a complaint. Agents are state-regulated, and there's a procedure to follow. But first, give the broker an opportunity. ... more
0 votes 17 answers Share Flag
Thu Nov 17, 2011
Jon Ernest answered:
You could hire an architect to do it (they'll send one of their lowbies to do it so don't pay too much), and disclose it as square footage as per architects measurements....
0 votes 9 answers Share Flag
Sat Mar 2, 2013
Michael Lefebvre answered:
Eastie is hot right now. One of the last essentially untapped neighborhoods of Boston. Sounds like the place is really nice. It all boils down to if what you need to get out of it is in line with what the true market value of the home is. If you get a few market analysis and/or appraisals and you can happily live with the LOWEST of the numbers you are hearing, I'd say it's a good time to sell. If you really need to max out your equity, pay very close attention to the closed comparable sales in your neighborhood. That will give you a pretty good sense of what yours will most likely sell for. This is not the market to be pricing aggressively high, even in Eastie. Price to sell. Price based on reality. If you can swing that, I'd say go for it.

AND if you are buying back into this market, remember: you will make up for any pain you feel on the sell side with your buy side. Good luck!

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0 votes 8 answers Share Flag
Wed Apr 8, 2015
Michael Lefebvre answered:
When people talk about a "Spring Market" they are usually referring to homes that CLOSE in March, April and May. These homes are typically on the market NOW. In our office, we say the Spring Market for us starts January 2nd. Based on the increased activity we saw company-wide for open houses yesterday, Spring has Sprung! Too bad Mother Nature doesn't agree! : )

Hope that helps.
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0 votes 19 answers Share Flag
Tue Nov 20, 2007
Greg Kiely answered:
You are going to have to elaborate a little bit, because coming up with an "independent" bookstore is a little different than providing brokerage services to customers and clients. Which aspects of the real estate world do you see being applicable here? ... more
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Thu Oct 11, 2007
Sylvia Barry, MAS,CIPS,SRES answered:
Hello Boston Agents (or agents from any other state):

You are cordially invited to join our First Annual National Open House Day. To be held on Sunday 11/4/2007 - Any local time that's convenient for you works for us.

See a couple views of our website

Make sure you are in this view:

Make sure your House is in this view:

See the original post

See you on the site soon!
Sylvia Barry
... more
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