First off just about every house has some mold. Did your home inspector discuss what caused the mold and the severity of it?
Mold in attic is usually caused from improper ventilation. You need to determine the cause of the excessive moisture in the attic. Rather then spending hundreds on an air quality test, get a quote on the mold mitigation and what it will cost to rectify the situation causing the mold.
Lastly, if your concerned, a future buyer will be to.... more
Northboro has always had that premium, as has Wesboro and Northboro. To some it was because of being closer to Boston. In other cases it was the lot sizes. There was a time many years ago that the schools were better, but that's no longer the case.
The bigger issue with Northboro has been the high taxes, and the fact that many houses don't have town sewer. Because of the tax rate, you not only pay the extra 20k for the home, but also another $100-200 possibly each month in taxes, which is the equivalent of having paid yet another $30K for the home.
For some awesome tips on local real estate, click the link below for a free video.... more
A local realtor who knows Shrewsbury would be your best source... but I can confirm that a property adjacent to affordable housing will limit market appeal... and therefore re-sale will be more difficult. Having said that, if you love the house and you can get an excellent deal on it... then it may be the property for you.
If you don't already have a buyer's agent working for you, I would encourage you to ask friends and colleagues to recommend a good agent in the Shrewsbury area.
Good luck in your search.
Associate Broker, Massachusetts, New York and Connecticut
Berkshire Property Agents
12 Railroad Street
Great Barrington, Massachusetts 01230... more
If a house is in "move in" condition. Systems work, kitchen and baths are complete, then you should have no issues. I assume you are looking at homes with dated interiors that will need some sprucing up?... more
Normally with foreclosures there is no way for the bank, the owner, to really know the home condition, and the Realtor is not allowed to make statements about the condition.Basically, you are buying the home as-is and SHOULD GET THE HOME INSPECTED. If there was water damage they are not liable, but you could have mold. In Texas it runs about 10 cents per square foot but I'm sure its much more expensive in California.
Heat system as in duct work and new burner or just replacing the burner unit? Gas or oil? There are so many variables here it's really hard to say. Your best choice would be to contact a local heating/plumbing company and give them the specifics.... more
Real estate law doesn't allow an agent to recommend a specific home inspector to a non-client. This is a link to the list of MA licensed home inspectors
If you have an agent, they should be able to make a suggestion. If not, you could try speaking with neighbors or local contractors or service people. Good luck!... more
Closing costs can differ from purchase to purchase depending on yoru type of loan and how many points you are paying. On average most closings costs are 3% of teh purchase amount. however if you are or are not paying points on yoru mortgage, this amount can go up or down.
Check with your loan officer, they are supposed to give you a good faith estimate that states what your approximate closing costs will be. it is required by law.
You can find out what your home is "worth" by have a local real estate agent perform a Comparative Market Analysis to determine market value...or what your home could sell for in today's market.
You can find out what your home is "assessed" at by visiting the Shrewsbury Assessor's Office or, more conveniently, log on to www.shrewsbury-ma.gov. The assessment is the value that the town puts on your property (land and building). Multiply this value by Shrewsbury's tax rate and you have your property tax.
I live and work in neighboring Northborough so please feel free to call or email me if you have further questions!
RE/MAX Signature Properties
Professionally finished basements add a significant value to a home especially one with a walkout basement. You may want to check out the zoning laws in Shrewsbury regarding in- law apartments since you seem to be planning to create one.... more
Right now the market seems to be picking up everywhere depending on if a home is priced correctly and with the area it's in as well. The homes in the $250,000 or less range are definitely starting to move based on their price and condition - when I send out a list of homes for my buyers these days, it seems that 1/3 or more already have an accepted offer on them and are waiting for the signing of a P&S Agreement, etc. Because we have the first time home buyer credit time crunch going on now, homes seem to be selling quicker on the market. The market values of homes are still low, but seem to be stabilizing slightly in the past few quarters of the real estate market.
That being said, if you are looking to sell your home because you need to sell your home, then now is a good time since there are many buyers out on the market looking for a home due to the market conditions being favorable for buying - lower home prices and interest rates. But, if you don't need to sell your home, then I would suggest maybe holding off, unless you are okay with negotiating with buyers on the price of your home. A good market analysis will be able to help you determine an estimated value for the sale of your home in today's changing market. This analysis is a report done by a realtor that has comparable homes to yours that have both sold and/or are under agreement within the past 6 months of when you'd like to sell your home, which is information used by an appraiser to put a value on a home for a lender of a potential buyer. That way you can make an educated decision to put your home on the market in the best possible price range to get your home sold.
You need to be careful putting your home on the market and not overpricing it so you get no activity on the home, because the longer the house sits on the market, the more a buyer will wonder what is wrong with the home and why it hasn't sold yet.
As an example, in Shrewsbury right now there are 58 homes active on the market between $150,000 and $350,000 and 14 of those homes have an offer on them and/or are waiting for a bank approval for an acceptance of an offer. In the past 6 months, 73 homes have been sold or are currently under agreement to be sold. Marketing time averaged about 130 days and the average price of those homes sold was $270,000.
The spring is an excellent time to sell your home and is usually one of the busier times in the market to sell since the snow is gone and the warmer weather is first upon us. :o)
If you'd like any more information or would like a complimentary market analysis done on your home, I'll be happy to do one for you and email it to you for your convenience so you can see where your home might sell in the market today to determine where it might sell in the spring next year.
Prudential Prime Properties
You bring up an excellent question but one that is far too complex to answer here on Trulia. I specialize in each of these towns (live in Northboro) so feel free to send me your email address and I will send you some comprehensive reports.
Northborough, MA... more
Hi Amanda- I don't think you'll have much luck with that. For liability sake and also because even if someone did give you one from 3-4 years ago, it is not really "accurate" as of today. A lot can happen in a few years- or a few months. What are your concerns with the property? I assume you have already walked through it? Did you read the seller's property disclosure forms?
If I can help, please let me know. Thanks, and good luck,
Ken L.... more