It appears that it is under agreement as of th 14th of April. I did not view the home, but it seems it was bought by someone who renovates homes and they did a lot to it. It was under agreement before and then came back on the market, it went under agreement quickly both times. I didn't hear of anything wrong with the home, it seemed priced right to sell for a 2 bedroom home.... more
A flat fee to list and what the realtor does for you depends on the company they work for. Some put in a small amount of effort such as just listing it in the MLS, while others put in a lot of effort in by not only listing in the MLS but also contacting all realtors in their network, telling homeowners in the area who may have friends who want to move in the neighborhood, and advertising to large companies in the area who may have employees transferring in from out of town. I hope that helps.... more
Technically, in part, it depends on the reason why the seller is backing out. You're suggesting that the financial contingency has been satisifed. But are there other contingencies that haven't been? If so, then the buyer may be entitled to the return of his earnest money.
Assuming, though, that the buyer has simply gotten cold feet and that you're 100% in the right, you could play tough. Or you could negotiate. Ask your Realtor for advice on that. There's also the question of re-marketing the property and how a protracted battle over the earnest money might affect the timing. Again, your Realtor can advise you on that.
Different lenders require different scores for their various programs. I have somebody who works with peoplewith scores 600+ so if I can be of any further assistance to you I'm the Trulia Featured Agent for Northampton and can be reached via elizabeth @elizabethherbert.com... more
Since real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods consider additional research of your own--revisit more than once, chat with residents if possible, look at everything that is important to you, etc., then make a determination, will your comfort level be reached.... more
Get estimates of cost for repairs and either Seller have repairs completed or make an offer, reducing purchase price by the cost of repairs. Some lenders offer loans that will include repairs allowing buyer to finance the repairs with their mortgage.... more
01060 is downtown Northampton but it also encompasses other areas of town not walking distance. Use the mapping function to see how close. Florence is another section of Noho with a cute downtown - zip 01062. Again not all of that zip is close to the town center. Just came from dinner at Zen - delicious!... more
No one can predict the future. . . But, Northampton's values will hold stronger than most other places in the region due to its network of grid pattern streets in the urban core, its nationally recognized downtown and cultural attractions of all sorts.
Craig Della Penna, Green Realtor
The Murphys Realtors, Inc.
44 Conz Street, Northampton, MA 01060
413-575-2277 cell Craig@CraigDP.com... more
Most likely, the reason that no one has an exact amount of the special assessment is because it has not yet been presented or approved by the Association Membership. As homeowners associations, we are obligated to disclose both to the buyer as well as to the mortgage company any pending possible special assessments--even if those assessments have yet to be approved by the membership. Especially special assessments that may materially affect the buyer's ability to maintain payments on the home.
At this time, since the project is in the beginning planning stages, and there is no true amount yet determined for the special assessment, it's difficult to ask the seller to pay for the fees or to lower the price to compensate for an unknown amount of assessment. Further, you haven't any idea how this repair is likely to be scheduled--all at once or one building per year--and this definitely affects the amount of the special assessment and the funding. In this case, if the prospect of $100,000 to $500,000 of repairs is more than you can afford to pay based on your apportionate share, then I would tend to agree with your boyfriend that you should walk away. It makes little sense to buy the home or condo of your dreams, only to find that the special assessments price you out of house and home.
While I understand that you have come to love this home, you must--first and foremost--buy a home that you can afford to maintain. Perhaps there are not any other homes on the market that you like so much right now, but the list of available homes changes constantly, and I would not be surprised if another, equally nice home were to become available sometime this year.
Give your decision some thought, and make certain that you can afford to pay the special assessment without jeopardizing your ability to pay for the mortgage!
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA... more
Have your agent contact the buyer's agents of homes that have recently sold in that neighborhood and ask them to call their buyers and ask who they obtained home owners insurance from. I just did that yesterday for one of my buyers in my area.... more
A home I had listed is about to be put on the market to rent, it's in Westhampton about 20 mins. to downtown Northampton. Rent will be approx. $1400. per month plus utilities.
www.271NWRD.com is the website with all the particulars.
Also try Tayor Real Estate in Easthampton, 413-527-3375, ask for Bernice or LeighAnn Conner.
Let me know if you need anything further..
Peter A. Davies
Re/Max Hill and Valley
78 Cottage Street
Easthampton, Ma. 01027
The only difference between a UK resident and a US resident is that you are required to have a 20 % down payment. You will need to meet all the rest of the banks criteria like any US resident . There are many reputable mortgage brokers that can walk you the process.
I don't know that a real estate professional could answer that on 2 grounds. It's illegal and unethical to comment on the makeup of a neighborhood and second, what constitutes a strong black community? Strong is a subjective term. I might suggest looking in the local papers, contacting different community groups, perhaps houses of worship, town leaders etc. then you can make an informed decision. I'm not from the Pioneer Valley, but that would be a start. Fortunatly with the internet it's become alot easier to search for community groups and with blogs and other social networking groups.