Trulia Community - Advice from neighbors and local experts

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

Home Buying in Northampton : Real Estate Advice

  • All39
  • Local Info5
  • Home Buying18
  • Home Selling0
  • Market Conditions0

Activity 7
Fri May 17, 2013
Peter Davies answered:
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
0 votes 3 answers Share Flag
Wed May 4, 2011
Elizabeth Herbert answered:
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 ... more
0 votes 7 answers Share Flag
Mon Aug 6, 2012
Katherine B. Mitchell answered:
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
0 votes 7 answers Share Flag
Tue Dec 3, 2013
Christine Lau answered:
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
0 votes 3 answers Share Flag
Tue Jun 16, 2009
Craig Della Penna answered:
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
... more
0 votes 2 answers Share Flag
Thu Jun 18, 2009
Grace Morioka answered:
Hello Charity and thanks for your question.

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!

Good luck!

Grace Morioka, SRES, e-Pro
CID Specialist
Area Pro Realty
San Jose, CA
... more
0 votes 3 answers Share Flag
Fri Apr 17, 2009
Lori Jeltema answered:
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
0 votes 1 answer Share Flag
Search Advice
Home Buying in Northampton Zip Codes