Buying and Selling a home in the Greater Boston Area

Week in Review: A look at Belmont Real Estate & Pending Sales

Posted by Avenue 3 Real Estate on Wed, Apr 25, 2012

APRIL 25, 2012
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Topics: Belmont Real Estate, property values, real estate market, home sales, pending sales, Belmont MA, Property Search, Belmont MA Real Estate

Rent vs Buy: Waltham Real Estate & last week's pending sales!

Posted by Avenue 3 Real Estate on Thu, Mar 1, 2012

 

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Topics: property values, Buyer kit, MA Real Estate, pending sales, Waltham MA, buying a condo, rent vs. buy, Waltham MA Real Estate

Avenue 3 Week in Review: Pending Sales & Rent or Buy in Belmont MA

Posted by Avenue 3 Real Estate on Sun, Feb 12, 2012

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Topics: buying a condominium, Belmont Real Estate, property values, buying a home, MA Real Estate, Belmont MA, buying a home in Belmont MA, Property Search

Why Pending Sales are So Important to Buyers and Sellers.

Posted by Avenue 3 Real Estate on Tue, Oct 18, 2011

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Topics: sellers, buyers, property values, buying a home, housing trends, selling your home, pending sales, buying a condo

Avenue 3 takes a look at what's happening in Somerville MA!

Posted by Avenue 3 Real Estate on Fri, Jul 15, 2011

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Topics: condos, property values, Single-family home, homes for sale, Somerville MA homes for sale, Multi-Family Homes

Avenue 3 asks: Are you a good candidate for a short sale purchase?

Posted by Debby Heffernan on Fri, Jul 15, 2011

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:

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Topics: single family homes, property values, homes for sale, short sales

Cambridge MA Sold Condos: Surprising news and numbers.

Posted by Avenue 3 Real Estate on Wed, Jun 8, 2011

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Topics: property values, Cambridge MA real estate, Cambridge Condos for sale, pending sales

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