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Market Conditions in Essex County : Real Estate Advice

  • All8
  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 36
Thu Apr 7, 2011
Jennifer Erickson answered:
Hi Prissy -

It has not. It expired on 12/31/10 and has not been extended or picked up by another office. If you would like I can watch it and let you know if and when it comes back on. I can also try to get a hold of the seller to see if they are still interested in selling the property. You can view my profile for my contact information if you would like to let me know how to contact you. My website is referenced below as well.

Jennifer Erickson
Team Erickson - Keller Williams
Making Dreams Reality
... more
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Wed May 15, 2013
J.M.Jones - 978-335-9092 - Homes & Rentals answered:
Hi Jeff, Call me and we can talk if you free - you have many options - I am here in Gloucester - I live near the Blvd. I think I can help - 978-335-9092
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Tue Feb 16, 2010
Anna M Brocco answered:
0 votes 7 answers Share Flag
Mon Dec 7, 2009
Costanza answered:
Two great websites for Information on all cities & towns:
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Sun Jun 20, 2010
Voices Member answered:

Give this site a look for rent info and comparables..

Searching by zip code seems to work easiest/fastest

Good luck, Dunes
PS..This site might also come in handy..
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Fri Nov 13, 2009
Michael Giles answered:
Hey Plan B,
This link will help you with your research Feel free to contact me if I can be of any further help. I grew up in Beverly and and stil reside there. ... more
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Mon Mar 11, 2013
Christopher Lawton answered:
Depends on the indivigual property, amenities, square feet, bedrooms, first time home buyer homes or older homes have suffered the worse but newer homes in the last 10 years went through an adjustment, so it depends what you have put into the house itself or what you have to offer!

If selling, be realistic about your listing price, do yourself a favor and get a home inspection done now it will be worth it in the long run to handle issues ahead of time!
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Mon Mar 11, 2013
Bill Eckler answered:

Unfortunately, more information is necessary to provide you with a meningful answer. Our recommendation is to be in touch with a local real estate professional for their input.

Considr using additional information by accessing homes sold in this general location. It might reveal some important recently sold comparison properties that help answer your question.

Good luck
The Eckler Team
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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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Tue Jul 22, 2008
Michael Giles answered:
Hi Kevin,
It's hard to say with out seeing the property what it would sell for in today's market. Two units in the 4 building have tried unsuccessfully to sell recently. 4B is currently on at $239k.

You are fortunate to be in a strong finacial position and need to understand that any loss you take now will be made up in the equity of your next home as the market turns back around. Make your decision on your current lifestyle needs.
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Sat Apr 12, 2008
Paul Stonkus answered:
The state of the market depends upon what you are looking for. There are actually about 20% fewer single family homes on the market in Lynn than there were mid/late last year. It's very busy since December. Single family homes going on the market now correctly priced are tending to sell very quickly at close to list price. Multifamilies and condos are another market altogether. There is a high percentage of multifamily homes on the market which are foreclosures and short sales. This segment tends to sell very quickly and it's not uncommon for there to be multiple offers and many offers over list price. There are still a great many properties in all categories which have been on the market forever and are obviously not correctly priced. A good agent can point you towards the bargains. ... more
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Fri Apr 4, 2008
Hi answered:
i am not a broker
but sounds like a plan
hope it works


good luck
0 votes 11 answers Share Flag
Wed Oct 29, 2008
Katie Murphy answered:
Yup, absolutely. With the availability of info on line, most buyers know exactly where they should be as far as their offer. Katie Murphy, Realtor -- Keller Williams of the Treasure Coast (Florida). 561-452-2160;; ... more
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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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Sun Feb 8, 2009
Jonathan Bowen answered:
Hi Ryan, I can tell you that only one multi-family property has sold in Ipswich in the last six months. It sold for $360,000. There are currently ten multi-family properties on the market with an average list price of $526,020. Feel free to contact me if you would like more specific information. ... more
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Mon Mar 26, 2012
Jonathan Bowen answered:
The market is relatively tough for homeowners. Unless priced a bit below the competition and marketed well, the property will sit. If you are trying to buy a property, it's great! Good luck, Jon ... more
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