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Home Buying in Newburyport : Real Estate Advice

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  • Local Info2
  • Home Buying10
  • Home Selling1
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Activity 8
Tue Feb 19, 2013
Roberta Lejeune answered:
Hi Heather,

Is there a number I can reach you at? Email it to me at RobertaLejeune@aol.com so that we can discuss your options.

Talk to you soon,

Roberta Lejeune, Realtor
Exit Realty Group
44 Merrimac St
Newburyport, MA 01950
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0 votes 8 answers Share Flag
Wed Aug 15, 2012
Anna M Brocco answered:
Any local agent(s) can help you with any information needed, contact any realty office(s) and inquire--then go from there.
0 votes 4 answers Share Flag
Mon Sep 23, 2013
Scott Godzyk answered:
You should not... You should contact an agent in the area you would like top purchase, interview them over the phone and hire them as your buyer broker. there should be no extra cost to you as they get paid their commission from the listing agent the fee offered in MLS and paid at closing.

This way they can search and even preview properties for you. When you come to look and purchase, they can guide you through the process and make sure you have all the paperwork and items you will need to buy given your status.

good luck with your purchase.
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Sun Dec 6, 2009
Ken Lambert answered:
Hello Futura- I guess from the lack of answers here, there are no specific $$ or tax benefits with living in Newburyport. I am not aware of any, and I did do some marketing for a real estate developer in the Newburyport area a couple years back- for a 55+ community.
I didn't know of anything to entice a senior to the area, other than the harbor area and the nice restaurants and galleries, etc.
Let me know if I can be of help somehow. Thanks and good luck,

Ken L.
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Tue Nov 17, 2009
Greer Swiston answered:
While one can calculate the average price per square foot of living space, what is it that you're looking for? It would really be comparing apples to bananas ... to compare a sf of living space in ... say 4 BR colonial on a half acre of land with say, a square foot of living space in a 2 BR condo in a 2/3 family that may or may not have a condo fee, etc.

That said, in the past 6 months ... approx 108 properties sold ranging from $132K to $1M ... sitting on lots ranging from 1/2 an acre to none at all. The average of that hodge podge of properties comes to about $234 per square foot.

Are you looking to invest in Newburyport? To live there?

Let me know if I can be of more help.
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0 votes 3 answers Share Flag
Sun Jul 19, 2009
Greer Swiston answered:
Are you a new agent? This is certainly information that is fairly easily researched on your own.

Of the 199 residential properties sold over the past year, the average number of days before a property went under agreement was 134 days.

Of the 59 most recent properties sold in the past three months, the average was 123 days before going under agreement (ranging from 39 days to as long a 319 days).

The bulk of activity happening around 250K-300K ...
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0 votes 2 answers Share Flag
Thu Feb 14, 2013
Val Cloutier answered:
Hi Matt
Were you able to attend the auction? If the reserve price is not met, the property is generally bought back by the bank. Yes, there are agents who specialize in REO properties--the banks have a list of agents who are ready, willing and able to attend to the specific needs of listing REO property.

If you were asking if there are Buyer's Agents who specialize in fbank-owned listings, yes. In this type of market where a high percentage of available homes are REO, many agents are well versed in what it takes to get the transaction closed.

The benefit of using a qualified Buyer's Agent is, in my opinion even more important when buying a bank-owned property, and especially for the first time buyer. The listing agent's job is to sell the property at the very best terms and conditions for the seller. Since the Seller has already agreed to pay the listing broker a certain fee that does not decrease if the Buyer comes in unrepresented.

Buying a REO is not for the faint of heart. There can be delays that become very frustrating as time goes by (but not nearly as many as in a short sale!) Your buyers agent will monitor all phases of the transaction from drafting the offer (which becomes a moot point because the bank addendum supersede the Offer to Purchase/Purchase and Sale contracts), through inspections and contingencies, bank commitment,. Everything that you tell them stays confidential and is not shared with the Seller.

It sounds like overall, you are very well prepared t move forward. If you have questions on the buying process, you are welcome to contact me at your convenience.

Valerie Cloutier
MA & NH Real Estate Services
Accredited Buyer Representative
e-PRO Certified 2008

603-965-5197 Cell
800-746-8448 x424 Toll Free
603-425-1193 Fax
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Wed Aug 13, 2008
Michael Giles answered:
I assume that it was on as a short sale. Once the bank forcloses it will go to auction. If the bank doesn't get what it wants at auction, they will buy it back and put it on the market with a Realtor. It could take some time to clear up the title issues necessary to be able to sell. ... more
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