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Home Buying in Newton : Real Estate Advice

  • All133
  • Local Info20
  • Home Buying40
  • Home Selling6
  • Market Conditions4

Activity 30
Mon Mar 18, 2013
Richard Shapiro answered:
You probably are correct in your assumption. Are you looking for schools? Of not consider being closer to campus in Somerville or Cambridge.
0 votes 10 answers Share Flag
Sun Mar 3, 2013
Ed Lyon answered:
Hi Bria, there is no formula for home rentals in the area, as there is in other parts of the country. You should have a good real estate professional that does a lot of rentals tour the home with you. That is the best way to get the 'boots on the ground' knowledge about potential value. Newton Centre is a high demand area of town and can support high end pricing. Furnishings won't really add to value much, however, and I suggest being negotiable on leaving your furnishings or mixing and matching or removing entirely if you have a good prospect that requests that. Good luck. ... more
0 votes 4 answers Share Flag
Wed Jan 30, 2013
Barry Cheslin answered:
Hi,

The market is strong if the property is properly priced. There are quite a number of houses in the over $2m price range that are over-priced. However, there have been quite a few in that same price range that went under agreement and closed in the last several months. I would be happy to meet with you and discuss specifics. Regarding your question about rentals, there is always a demand for high quality rentals in all bedroom sized. This may vary seasonally, but a definite possibility. My company is a boutique real estate firm located in Newton Centre, specializing in sales, rentals, and property management. My cell # is 617-510-7213, Please call and we can talk about your specific needs.

Thanks, Barry Cheslin
... more
0 votes 6 answers Share Flag
Wed Nov 21, 2012
Richard Shapiro answered:
If its not much difference you should examine how much extra it will really cost.

Lets assume you are putting 20% down and there is a $5000 difference between you and the seller. Accepting the $5 extra in purchase price will cost you $1k in down payment money. Your monthly payment will go up too but just by a few $. If its a house you really want, find a way. ... more
0 votes 12 answers Share Flag
Tue Mar 12, 2013
Richard Shapiro answered:
Better community and schools equals better rents and more expensive property.
0 votes 16 answers Share Flag
Wed May 1, 2013
Patty Radford answered:
Mason-Rice has an excellent reputation.....my grandson goes to 1st grade there now and also went to kindegarten there . The buildings are dfinitely old. Newton school system has a great preschool if you can get in. They integrate students with special needs with peers....works well. ... more
0 votes 12 answers Share Flag
Tue Sep 18, 2012
Erez Levanon answered:
Bria, as I can speak for myself, I usually look on the yearly investment no matter what portal or method it is. Looking on the return is very simple, think that you get one trunsaction out of it, that's already returns the yearly investment and more. ... more
0 votes 5 answers Share Flag
Tue Sep 18, 2012
Shal Shahani answered:
We have certainly seem a large number of multiple bids/competitive bidding in all price ranges. If the property is priced right, there seem to be a flood of buyers out there right now across the board. As with before, the proportion of multiple bids to price is the same. As the price increases, the buyer pool diminishes and as a result the # of multiple bid situations also diminishes.

Newton Center values have held up extremely well despite the downturn in the economy.
... more
0 votes 8 answers Share Flag
Fri May 4, 2012
Richard Shapiro answered:
I think you are correct about renting and exploring first. Figure out where you are relative to employment or services.
0 votes 18 answers Share Flag
Wed May 2, 2012
Mike Hughes Team answered:
Mon Mar 19, 2012
Masha Senderovich answered:
Your attorney would be the best person to ask this question. However, assuming you had an inspection done before the purchase, you've already purchased the house the way it is. I would say, first contact your attorney, and then contact a qualified inspector to see if he can figure out where the issue lies and how/if it can be corrected.
I'm sorry you're dealing with this!
... more
0 votes 12 answers Share Flag
Mon Jan 25, 2016
Grace Hanamoto answered:
Hello JD and thanks for your post.

So, my first question is, are you working with all three agents simultaneously or have you worked with three agents in a row and none of them have worked out? The reason I ask is that, many times, unless the buyer is willing to commit to an agent as his or her representative, the agent is unlikely to expend too much time looking for the buyer. Like others, I'll email listings to clients who have expressed, for example, an interest in a 3 bedroom home in Santa Clara, California, but who have not expressed a desire to work exclusively with me. For those who are active buyers, who have worked with me exclusively and who have signed Buyer/Broker representation agreements, they have my full, undivided attention to their housing needs and search. I will daily search the MLS for suitable homes for them, will preview houses before showing the homes to them, review the comparables, check the disclosures and know everything about the home before I suggest anything to the client.

Otherwise, I've learned from experience that a buyer who will not sign such a buyer broker agreement is usually not that serious in working with me at this time, so we keep the relationship casual and open-ended until the buyer is ready to make such a commitment. In today's home buying environment, as you are now finding out (and others do too, but it takes time and exposure to the market), one must be "serious" about a house hunt in order to be successful. To do this, you, as the buyer, must make serious commitments to buy with a qualified, experienced and willing agent.

Interview a few agents, be upfront about your needs and expectations, and then be willing to make a commitment to work with and hire an agent, and I'm certainyou'll see a huge difference in the type of service you receive from that agent. Good luck!

Sincerely,
Grace Morioka, SRES
Area Pro Realty
... more
0 votes 22 answers Share Flag
Wed Aug 12, 2009
Mike Hughes Team answered:
Hi Alex,
I'd recommend two things ... first, try to be at the location at morning, afternoon and evening time. Beauty is in the eye of the beholder ... music to some, noise to others. I'd be sure to check for yourself to ensure that you are satisfied with the result - definitely don't depend on a third party opinion (this is from someone who once had a train in the backyard - it's not noisy after the first week :)).

Resale can be tested by looking at comparable sales. Look at recent sales of similar homes ... did they sell for more or less? If you cannot find similar homes to this (in the same general area), look at other sales near your prospective home and find com parables for it ... this will help you determine the percentage difference.

Let me know if you want any help. Best of luck!

Best regards,
Mike
www.MikeHughesTeam.com
... more
0 votes 3 answers Share Flag
Fri Jan 15, 2010
Mike Hughes Team answered:
I'm not sure about the legality, but the MLS does now require that this information be disclosed. I do believe that ethically speaking, it should have been disclosed. I would also follow-up with the real estate board. Here's the catch ... it may have only become a short sale after the price negotiation. Good luck, Mike ... more
0 votes 8 answers Share Flag
Thu Aug 6, 2009
Robert Byrne answered:
West Newton has a lot to offer if you are looking for a walkable location with shopping, restaurants, movies and easy access to transportation routes. These atributes are available in the Highlands, with the exception of the theatre. Newton corner is a little less walkable. Newton center is tough if you need to get to the highway during commute times, but does have the MBTA Greenline if you are so inclined. If I were looking at the villages I'd take a half day in each one to get a real feel for the lifestyle and see how it appeals to me. Best to you in your search! ... more
0 votes 4 answers Share Flag
Wed Jul 19, 2017
Aimee Siers answered:
Hi Suzanne -

As a homeowner, I have a shared driveway with my neighbor. That house has had 2 owners since I bought my house in 1996 and I've never had a problem. We share the plowing costs and we have extra parking for guests since the driveway is oversized.

As a Realtor, it is ultimately up to the buyer to just know going into the situation that the house has a shared driveway. If you have not done so already, it may benefit you to ask the question of how the driveway is maintained between the two owners now, when it was last paved, etc.

If I can be of any other help, do not hesitate to call me at 508-981-7790 or email me directly at aimee.siers@commonmoves.com
... more
0 votes 6 answers Share Flag
Wed Feb 24, 2010
Territory.com answered:
I would post this question here: www.greatschools.org
This is a fabulous website where you can speak directly with people who have children (or live in) the school systems so you might get better feedback.

Here is every property for sale in Newton:
http://www.territoryre.com/idx/search.html?search=true&search_string=newton

Here is every property for sale in Brookline:
http://www.territoryre.com/idx/search.html?search=true&search_string=brookline
... more
0 votes 5 answers Share Flag
Fri Jan 15, 2010
Janet Porcaro answered:
Several years ago, I had clients who ended up buying a two family and converting it to 2 condos. Although it was complicated, it has worked out pretty well. However, times have changed, as you know, and so have the lending regulations. New condo conversions and small associations are particuarly challenging. I would highly recommend you consult with a well referred lender before moving ahead on such an undertaking. Then you can make an educated decision.

Please note that as of May 4, there are currently 234 single family homes listed in Newton. There are 27 multi-family listings. The laws of supply and demand would dictate where your negotiation strength would be. Have you thought about condo living? This is another good alternative to single family.
... more
0 votes 1 answer Share Flag
Fri May 1, 2009
Greer Swiston answered:
My advice to first time home buyers is to buy a house that has great resale potential. I tend to view the "first home" as a stepping stone and that it is often the second, third or maybe even a fourth home that will really be your dream home.

That said, I believe that, in general, a single family home has the greatest resale value in Newton. However, what is right for you and for the exact situation obviously can have a number of variables and the real answer may be different for your specific case.

I'd be happy to meet with you and discuss your specific situation when we are face to face and have the confidentiality of potential client and agent. Feel free to call me at (781) 304-1048 or email me at greer.swiston@commonmoves.com

My office is in Wellesley and I live in Newton.
... more
0 votes 1 answer Share Flag
Thu Apr 30, 2009
Territory.com answered:
This is the perfect question for www.greatschools.org

They have forum area where you can submit questions like yours to other families with children in the same schools.
0 votes 2 answers Share Flag
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