Buying and Selling a home in the Greater Boston Area

Winchester MA real estate present, past and future!

Posted by Avenue 3 Real Estate on Thu, Aug 4, 2011

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Topics: single family homes, Somerville MA homes for sale, real estate market, pending sales, Winchester MA, Winchester MA Real Estate, housing trends

Avenue 3: Watertown MA Single Family Homes: A 6 month review!

Posted by Avenue 3 Real Estate on Fri, Jul 29, 2011

 

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Topics: single family homes, homes for sale, MA Real Estate, sellers, buyers, Watertown MA

Avenue 3's Coming Attractions this weekend Waltham, MA

Posted by Avenue 3 Real Estate on Sat, Jul 23, 2011

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Topics: open houses, single family homes, Property Search, condos, Multi-Family Homes, Waltham MA

This weekend in Somerville MA Real Estate

Posted by Avenue 3 Real Estate on Sun, Jul 17, 2011

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Topics: single family homes, Somerville Real Estate, somerville condos, Buyer kit, condos, 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, homes for sale, property values, short sales

Warm Weekend ahead and "Hot Properties" in Medford MA Real Estate

Posted by Avenue 3 Real Estate on Fri, Jul 8, 2011

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Topics: single family homes, Buyer kit, Medford MA, condos, Multi-Family Homes, buying a home, buying a condo, medford real estate

Looking at last week's pending sales & the town of Lincoln MA

Posted by Avenue 3 Real Estate on Fri, Jul 1, 2011

JUNE 29, 2011
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Topics: single family homes, MA Real Estate, condos, pending sales, buying a home

Weekend Coming Attractions for Belmont, MA Real Estate...

Posted by Judy Conley on Sun, Jun 5, 2011

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Topics: single family homes, Single-family home, Belmont MA, buying a home in Belmont MA, Boston MA Real Estate

Buy a Belmont Multi Family Home

Posted by Karen Lilley on Thu, Oct 22, 2009

                                                            
       
If you are familiar with Belmont, MA, as one of Boston's "bedroom communities" it may surprise you to know that there are more multi family homes in Belmont than single family homes.  And surprise you to see how well the value of these homes and the multi family market in Belmont held up from last year to this. 
 In the first six months of 2008 (the last gasp of the "irrational exuberance"), 10 multi family homes sold in Belmont with an average sales price of $587,100 and an average of 83 days on the market.
 In the first six months of 2009 (the gasp for air), 8 multi family homes sold with an average price of $514,033 and just 80 days on the market.
 In this era of ‘fiscal responsibility', buying a multi family home with the additional rental income is very appealing.  It can be a better investment than a condo in the short and long run with rental income and a greater appreciation basis.

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Topics: single family homes, Belmont MA, condos, Multi-Family Homes

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