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Plymouth : Real Estate Advice

  • All152
  • Local Info10
  • Home Buying30
  • Home Selling8
  • Market Conditions8

Activity 51
Fri Dec 4, 2009
Brenda Sutherland answered:
I think Plymouth Rock Studios will have a positive effect on all surrounding towns. My thoughts are that while the studio is being built there will be an influx of people in the area who will be using our shops, restuarants, hotels ect. This will be a boost to the local economy. The only thing that increases home prices is supply and demand. There fore the more people moving in to the area that will be buying houses, less of a supply will be available ,creating a demand/ increase in home values. Can't wait to see this happen!! ... more
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Thu Jun 11, 2009
Wen Farina answered:
it is currently under agreement with an accepted offer. You can keep an eye on it as sometimes buyers can not meet certain contingencies and the house is then put back on the market; I have a beautiful colonial house that I am selling in Plymouth (not beach side) there on Paula Rd. if you need more information on the one on Beach Rd let me know

Wen
century21ma@yahoo.com
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Fri Sep 18, 2009
Vicky Chrisner answered:
Get approved first. Make sure you are comfortable with the payment and down payment requirements. You cant really write a good offer without doing this, so what good does shopping do?
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Wed Apr 29, 2009
Deb McCourt answered:
Help us out here. Colby Drive in what town?

thanks,
Deb
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Wed Apr 1, 2009
Greer Swiston answered:
It really varies on the seller and what agreement that the buyer and seller can come to. I would recommend that you consult a real estate attorney to help draw up the terms.

What I have seen an arrangement where the lease was a temporary arrangement to be no more than a year during which the buyer/tenant is paying a rent that covers the seller's monthly mortgage payments and has a little extra time to gather the necessary resources for a down payment at which point the tenant gets right of first refusal should an offer come thru on the property. Perhaps the buyer might even be "creditted" any contributions to the principal as "going towards the sale price" of the house.

But it truly is a case by case basis depending on what the objective is for the seller ... to cover monthly payments? to get rid of the debt liability? And then a custom agreement is drawn by the respective attorneys to which both parties agree.

So basically, there isn't a "usually" about such a case.
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Fri Jul 16, 2010
William Brokhof answered:
No one has a crystal ball but I can't imagine that it will hurt home values! If nothing else it will increase the pool of buyers a little bit - and more than likely they will have decent wages to procure homes with. ... more
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Wed Jun 10, 2009
Chris Head answered:
Joyce,
The condo fees vary by unit, and there are different management companies managing different buildings and units within White Cliffs. So the answer to your question is that it depends on the unit. Things may have changed since I had a listing there, but all property owners have a mandatory club fee and dining room minimums in addition to the condo fee. Some agents bundle all the fees together in the MLS and others break them out separately. So you may have to do some math to compare units. Your best bet would be to call White Cliffs at 508-888-8700 or the accounting office at 508-888-6214 to get the current club fee and dining room minimum.

Chris
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Tue Aug 19, 2008
Aimee Siers answered:
Hi Danielle - one of the lenders I work with a lot specializes in renovation loans. Feel free to give him a call. Bob Chipman, Wells Fargo. Office #508-695-9600. Feel free to call me direct at 508-981-7790 if you need anything else. Have a great day! ... more
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Mon Jul 21, 2008
JON BLANGIARDO answered:
Hi Steve!

I suppose that best way to find out if the offer has been presented is just to ask your agent.....! :-)

But just to give an overview...

From my experience, in current real estate market, there are 2 main ways in which a prospective homebuyer would have to deal with the bank accepting/approving an offer on a property. Foreclosures and short sales. In a foreclosure, the bank is the seller. In a short sale, the owners are the sellers, and the bank needs to approve the offer.

The challenge for you and your agent is that banks can be difficult to deal with.

During foreclosures, the listing agent will likely have a well established relationship with the bank who has foreclosed on the property, and the process should flow smoothly, albeit slower than dealing with your typical homeowner.

On the same token, short sales can become an extended process over a few months. The reason for that is... the bank takes forever!!! In this situation, the agent establishes the market value of the property and pushes for bank approval. Some banks are more organized than others, but the listing agent could end up sitting by the phone and fax machine for hours and hours trying to get through to the right people who can make your deal go through.

If you really love the property and you're getting it for a good price, just relax and wait. Ask your buyer's agent how the process is going, they should be able to give you an idea of where you're at. Often times, short sales are approved, they just take awhile.

I hope that helps! Let me know if I can be of further assistance.
... more
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Thu Oct 2, 2008
Gerry Bourgeois answered:
Hello,

According to MLSPIN, the property you are inquiring about is showing that it is Under Agreement (Sale Pending) with an anticipated sale date of 7/29/2008. It indicates that it went under agreement on the 19th of May.

Therefore, my advice for you is to look for another house. Even though this market is pretty 'beaten up' properties do in fact Sell.

Best of luck.
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Wed Jul 21, 2010
Territory.com answered:
Generally it is hard to find these although in this market i think it is a fantastic option for buyers and sellers. With properties that have been on the market for a long time you could always have your agent ask the seller (as part of the negotiation) if they would consider it. Some sellers may jump on the opportunity depending on their financial situation.

If i come across something in plymouth i will be sure to post it here for you.

Good luck!
... more
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