Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Lawrence : Real Estate Advice

  • All72
  • Local Info3
  • Home Buying12
  • Home Selling1
  • Market Conditions4

Activity 31
Thu Apr 4, 2013
Richard Shapiro answered:
0 votes 3 answers Share Flag
Wed Apr 3, 2013
Louis Wolfson answered:
depends on the extent of the work, the cost of the work, the time it would take to do the work and your comfort level with who would be doing the work.

Also remember that a discount in the price is only equal to the amount of the % of the cash you are putting into the deal. ie your putting 10% down payment The cost of the work is 10000 your cash value would be 1,000

So if you are going to do the work yourself which I recommend that way you know the quality of the work, it is my suggestion that you get cash back at the closing to do the work, that way you are getting the full value of the work that needs to be done.

Problem is that the lender may want the work done prior to closing, and if spelled out in the p&s it could raise red flags and will be taken into consideration in the appraisal.
... more
0 votes 7 answers Share Flag
Wed Apr 3, 2013
Greer Swiston answered:
It never hurts to ask. It depends case by case, but if the lower appraisal puts the loan approval at risk, then it is likely the seller would be willing to renegotiate since the alternative would be for you to back out with full return of deposit.

Of course, it would help if there was terminology in your P&S that specifically protects you in the case of appraisal coming in under purchase price.
... more
0 votes 3 answers Share Flag
Wed Apr 3, 2013
Scott A. Nelson answered:
The residential rate for Lawrence is $14.xx per thousand, even at that rate a pool even one valued at $20K would only be $280-$300/yr. You should find out if it's being counted into the property assessment. Your buyers agent will be able to handle this with you and what your game plan is going forward. ... more
0 votes 4 answers Share Flag
Wed Apr 3, 2013
Wen Farina answered:
Thu Mar 21, 2013
Richard Shapiro answered:
Kind of backwards to make an offer to be able to see the other unit.

It is nice though to have a tennant that is in there assuming they pay rent on time. Only issue would be if they are paying lower than market rent. You have to weigh good tenent/lower market rent vs trying to find a tennant yourself.

I would advise you to consult a real estate attorney so you can get a handle on what to expect as a land lord.
... more
0 votes 8 answers Share Flag
Wed Mar 20, 2013
Sarah Goulart Nathe answered:
Not sure what you mean by 'waived'. Are you currently in a home and paying pmi or are you shopping for a property, if it is the latter, have you looked into MassHousing loan program? ... more
0 votes 12 answers Share Flag
Sun Mar 17, 2013
Pacita Dimacali answered:
If is listed for sale? If it is you should engage a realtor to help you write an offer.

If it's not listed for sale, you can certainly approach the seller...but I would still advise you to engage a realtor to help you evaluate the house, get all the required disclosures, determine a market price, and negotiate.

Good luck.
... more
0 votes 4 answers Share Flag
Thu Jul 31, 2014
allan erps,ABR,SFR answered:
Not sure about all of your questions but some Banks do want to see 2 months of statements to evaluate the Loan. However, I am fairly certain a pre-approval is in order. 401k money or other liquid securities could make up the difference. Best of Luck! ... more
0 votes 9 answers Share Flag
Tue Jan 1, 2013
Wen Farina answered:
Hi Mia, the fee is 282/month and the fee includes: Heat, Hot Water, Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal. This is also a short sale. info@wenrealty.com ... more
0 votes 2 answers Share Flag
Thu Sep 20, 2012
Richard Shapiro answered:
Two years provided there were no late payments on the mortgage.
0 votes 6 answers Share Flag
Sun Sep 23, 2012
Richard Shapiro answered:
Yes. A local bank or credit union would be a better source for a smaller mortgage.
0 votes 4 answers Share Flag
Sat Jun 2, 2012
Lynne Hagopian answered:
Hi Susan...I don't know if you are talking about dewinterizing a property for a home inspection like a foreclosed property or not. It may be up to the bank and who they use as a property management company. I was quoted recently about $ 500.00 to dewinterize and rewinterize a property in Ashland Ma. However, when they tried to do so, they found the pipes to be burst and the furnace no longer working as it may not have been dewinterized properly. I am thinking this would be up to the individual bank if a foreclosure and their maintenance company. Good luck and hope this helps. ... more
0 votes 2 answers Share Flag
Wed Jul 23, 2014
gvsus answered:
Wed May 2, 2012
answered:
Yes assuming you qualify with credit and income. Owning the 3 family would not be a hindrance. Please feel free to contact me if you would like to discuss your options further.
0 votes 4 answers Share Flag
Wed Apr 4, 2012
Christopher Lefebvre answered:
I work in the area and here is a link to my website with local 2 mortgage brokers that I would highly recommend. They are both licensed in MA and NH. Give them a call and they will be able to tell you pretty quickly if you can qualify. Feel free to tell them that I gave out their names. Good luck! ... more
0 votes 4 answers Share Flag
Mon Mar 5, 2012
Aaron Wluka answered:
Yes, So long as the loan amount is at least $75,000
0 votes 7 answers Share Flag
Mon Mar 5, 2012
Anna M Brocco answered:
If you are looking to sell, consider inviting a few local agents from different realty companies and ask for a cma, comparative market analysis; review the data, ask opinions and determine worth; cma's are provided free of charge by most agents. ... more
0 votes 10 answers Share Flag
Wed Apr 4, 2012
John & Michelle Ternullo answered:
Hello-
I would recommend calling a loan officer. They can review your financial situation and provide advice from there.
If you need any recomondations , let us know, we are happy to help !
Homes@TernulloRealEstate.com
... more
0 votes 7 answers Share Flag
1 2
Search Advice
Search
Lawrence Zip Codes

Followers

142