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South Lowell : Real Estate Advice

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Activity 1
Thu Feb 16, 2012
Joshua Gillis answered:
Hi,

Yes woodland park does allow pets and as far as being able to finish the basement. Usually you own from the studs in so I would say yes to the second question as long as no part of the structure or load bearing wall is being altered or compromised. The City of Lowell may take issue with this depending on why you are finishing the downstairs if and when you go to pull permits. In some cases bedrooms are against code and depending on egress issues you could be limited as to what you can do to a basement. I would advise you call the City of Lowell building department for this answer. If you are inquiring about 92 Swan Street # 207 MLS # 71243689 offered for $135.00 it has an accepted offer. It looks like it was first accepted January 26th 2012 the condo expired then it reactivated and then as of Feb 12th, it had an accepted offer again with no back on market or (BOM) so it looks like it had an accepted offer since January of this year. It is a Short Sale and depending on the lender it could be as little as 45 days to get a response up to and beyond 6 months if it is not an approved short sale. Again it depends on the Lender, deal being offered, the status of the home, the experience of the Realtor and or Attorney representing the seller. The seller also has to be organized and send in necessary docs in a timely manner. Lastly no short sale is a guarantee even when they agree to a price. Beyond this the sellers disclosure shows that the basement has had "seepage" in the past four years, so this could also be a concern when finishing a basement. Another issue that could arise is that you mentioned a bathroom. Depending on the height of the sewer line going to the street, you may need a sewer pump which is an added cost. Hopefully this was informative. If you should have any other questions feel free to contact me.

Sincerely

Joshua Gillis
Realtor/Broker
(978) 771-4194
web- www.gillisandcompany.com
email- josh@gillisandcompany.com
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