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Hanover : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling0
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Activity 3
Sun Mar 31, 2013
Elaine Shea answered:
Hi!!! Values may have been down months ago, and the home and updates are super influential factors!!location also is key, as you know. But recent activity seems to be terrific, frankly...like multiple offers on a home within the last couple of weeks. If you have specific questions or concerns, please call or email me directly...no obligation!! I will be happy to give you more specific details. Elaine Shea. 781-799-0692. Email: elainejshea@gmail.com ... more
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Sun Mar 31, 2013
Shane Cormier answered:
Good Evening Swamp Yankee,

Walnut Creek seems to be a nice community. Most of the units have been selling within 90 days which would indicate that thy are a good value. Honestly, I have not represented anyone in a purchase at Walnut Creek, nor do I know anyone that lives there, but I would be happy to get the information you require. Let me know if you would like me to look into it for you.

Shane Cormier
Century 21 - Tassinari & Associates
1.800.656.1342 x1119
... more
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Sun Mar 31, 2013
Gregory Dousa answered:
This has always been the rule.
Banks will lend "X" % based on the the lower of the sales price or appraised value.
You mention assessed value which implies what the town had assesed the home for, which banks really do not consider where those values are stale dated. I believe you are referring to the banks appraisal which in this case came in lower than what was the agreed to sales price.

Going forward, I'd have your Realtor provide you with recent comparable sales prior to making an offer. Another angle might be to get a copy of the appraisal that was done for this original property and review the work and comparables that the appraiser chose.

I'm happy to talk with you more....
... more
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