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Home Buying in Needham : Real Estate Advice

  • All31
  • Local Info5
  • Home Buying16
  • Home Selling0
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Activity 14
Sat Apr 13, 2013
Masha Senderovich answered:
Google the town's school department and call. Sometimes it is rather illogical and some towns have a lottery placement.
0 votes 6 answers Share Flag
Mon Feb 25, 2013
Michael Cohen answered:
In the state of MA there's not a standard contract that everyone uses across the board. Also, the P&Spa your attorney draws up is even less standardized. Always refer to your contract. It spells out your rights and responsibilities. Anyone who gives you advice without having read your contract is doing you a serious disservice. ... more
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Tue Jan 29, 2013
Richard Shapiro answered:
Your payment will be lower with two loans. Paying two loans is not that big of deal.

One of the issues though is the second mortgage typically being a Home Equity Line of Credit. A HELOC is basically a credit card with a term limit. It has an interest only payment which makes the payment of the two loans favorable to one loan with PMI. The danger is in only paying the interest only payment which means your loan balance never decreases.

In the past most who went the two loan (to avoid PMI) route could epxect their home value to grow over a couple years and eventually consolidate the two loans together with no PMI. These days, home values are not growing as fast.

PMI factors/rates have come down a bit in the past year or two. There is also the option of a single premium PMI where the cost is built into the rate. I would suggest looking at all three:
1. two loans to avoid PMI
2 One loan with PMI
3. One loan with PMI built in (also know as Lender Paid PMI).

its easy enough to get figures.

Goood Luck

rshapiro at assetmortgage dot net
... more
0 votes 3 answers Share Flag
Wed May 11, 2016
Joyce Lin answered:
The absolute best person to answer your question is your Attorney. It all depends on how the contract for the repair was written...

I hope you can work this out and end up with the home of your dreams.

Happy Holidays!

... more
0 votes 12 answers Share Flag
Fri Mar 20, 2015
Sandy Tobin answered:
Well, you have little control over how to control your costs for things like heat and electricity. Water and sewer you have less control over anyway.

Sandy Tobin
Coldwell Banker, Needham
... more
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Thu Sep 12, 2013
Masha Senderovich answered:
Please email your criteria to me directly so I can assist you further with your search,
0 votes 5 answers Share Flag
Mon Aug 13, 2012
Michael Cohen answered:
According to the Town of Needham's website ( the 2012 residential property rate is $10.95 per $1,000 of assessed value. So, in your example you'd be paying $9,855 annually. ... more
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Fri Mar 20, 2015
Scott Godzyk answered:
You can not just withhold money unless teh seller agrees to it. You need to work with the listing agent to get the seller to realize they are in default. The problem will be if it is a short sale, the seller will not care. If teh seller is receiving proceeds from the sale, they will care if you threaten to not close and go after them for damages. The liisting agent is the key and the type of seller will be how willing they are to be reasonable ... more
0 votes 16 answers Share Flag
Tue Feb 9, 2010
Heidi Zizza answered:
Dear A. Klein, Everyonr has a different perspective regarding location. It is important to drive around the area and try to talk to neighbors to get a feel for whats comfortable for you! Again If I can help you please contact me through my website below.
Heidi Zizza
mdm realty
(508) 879-8999
... more
0 votes 2 answers Share Flag
Sun Mar 14, 2010
Tom and Joanne Team answered:
Home Buyer:

Real Estate has declined across our state, but I will tell you that Needham is definitely one of the stronger communities in the Greater Boston region. Strong schools, access to major highways, and trains to Boston. What makes Massachusetts different is that most towns have their own schools and their are not county school systems. This makes each town truly independent and you must analyze town by town for real estate market data. My website is below and please feel free to contact me with further questions. ... more
0 votes 7 answers Share Flag
Tue Feb 23, 2010
Andrew Adams answered:
I don't think an FHA loan would take any longer than a conventional loan and the size of the down payment doesn't matter to the seller.

I have seen that happen with Bank owned properties but usually not with a regular sale. ... more
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Tue Jun 21, 2011
Kathy Lewis answered:
IF you want to be on the road when EVERYONE else is, the commute can be after 7:00 am into Boston and after 4:30 out of Boston.....there are other roads that are used that are not the Mass Pike once you get to Newton (WEST) exit, then back road from there to Central Ave in Needham. Otherwise, you may need to get a helicoptor or take the Boston train MBTA to Needham (4 stops from South Station or Back Bay) and plenty of parking at the Needham Heights station...good luck...Kathy Lewis, Realtor for 17 years 781 444 or ... more
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Thu Sep 11, 2008
Susan Wesely answered:
Check with your Realtor and/or an attorney. Sounds like you may be out of luck. Did the written notice about the other offer have a timeframe for response in it? Did your PA or your inspection contingency have timeframes in it? ... more
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Fri Mar 25, 2011
Pacita Dimacali answered:
The listing agent has to submit all offers to the seller and may offer guidance, but the final decision rests with the Seller. Even if the listing agent encouraged the seller to counter offers received, if the seller is in a hurry to sell, he may be inclined to accept the first and best offer he receives. What if the other offer had the best terms --- like shorter contingency periods or a shorter escrow, higher initial deposit?

A difference of $1K over asking price may not be perceived as significant as another offer with a substantial down payment. The rationale is that the buyer with the larger down payment is in a good financial position to close the transaction. Sometimes, it's not about price as much as a guarantee that the sale will be completed. That's why it's important to consider all the terms (initial deposit, down payment, buyer investigation period, loan contingency period, etc).

Hope this helps.
... more
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