Even though I have been brokering real estate for over 20 years, I forget that first time home buyers often don’t understand how buyers agents get paid. By the time many of you connect with an agent, you‘ve seen every property on the internet, maybe visited open houses, gorged yourself with information from various websites, but never learned along the way how a buyer’s agent is compensated.
Fall is here and winter is around the corner. If you haven’t started taking action about making your home more energy efficient this winter, don’t wait any longer. One of the best ways to start is with a free energy assessment from MassSave.
Is the value of your Lexington home influenced by the amenities that the community offers? Is the number and the variety of recreational facilities a reflection of the community's commitment to provide a healthful environment? If yes, then the Town of Lexington is doing a great job.
I was counseling a buyer client recently who was relocating for a job and he had ninety days to be moved into a new place. He was keenly interested in the prospect of getting a bargain if he purchased a single family home which may be a "short sale". I didn't want to be a pessimist, but I told him we needed to have a discussion about the " Facts of Life" of a short sale.
First off, a " short sale" isn't necessarily a quick sale. 90 days might seem like a long time, but in the life cycle of a short sale, it is not. A short sale is a pre-forclosure transaction and it involves many layers of decisions and actions by people who are not usually communicating with each other in a timely oe efficient fashion.
A short sale occurs when the mortgage debt on a property exceeds the value of the property and the lender or lenders agree to accept less than the full amount of the debt. Even if a homeowner is willing to accept a certain price which is less than the amount of the debt, any offer is subject the lender's final approval. If the is more than one lein holder, the process is even more complicated.
The most important prerequisites for a buyer for a successful short sale is patience and flexibility. The lender is in control and the buyer is not.
For details and tips for purchasing a short sale:
Thanksgiving weekend I sat down to compile my checklist for winter’s arrival. Those of us who own Cambridge real estate or property in Arlington, Belmont and Somerville and the rest of the Greater Boston communities, know that it’s best to be prepared for what Mother Nature throws our way.