The Globe has a great bunch of articles helpful to people thinking about buying their first single-family house or condominium.
I couldn’t say it better, myself:
The Globe quotes information from Mass Housing, a great state organization whose mission is to help first-time home-buyers.
Buying a home is probably the biggest purchase you’ll ever make. Without the proper […]
Mortgage lenders need borrowers, right?
So, apparently, sometimes they find out you’re looking to borrow, and start bugging you with phone calls all day and all night.
Borrowers who believe their mortgage applications are private should think again. Other lenders, and their telemarketers, can easily find out that they have applied for a mortgage …
… in […]
Do you need title insurance? Well, your bank is going to take out a policy, at least for the amount of your loan. Most of the time, buyers end up getting their own policy, to fully cover their investments. Your attorney will strongly suggest you do so.
Whether nor not you need a […]
You hear everywhere that sales volume has dropped, over the past year.
You also hear, however, that sellers are being stubborn, and won’t lower their prices.
So, you think, there doesn’t seem to be any way you can get that condo you want, at the price you want.
There might be.
CNN/Money, which is eating up this slow real […]
My numbers show a 25% decline, in sales volume, year-to-year, for September, in Boston.
Others have numbers somewhat similar, according to Scott Van Voorhis, in the Herald:
[A]verage downtown Boston condo prices dropped to $430,473 during the third quarter, down from $438,750 during the same period in 2005, said John Ford, head of Ford Realty, citing preliminary […]
The following information is from the local MLS database, as of October 21, 2006, compared to (last week’s numbers).
Total # of condos for sale in the city of Boston: 2,846 (2,920)
Average # of days on market: 129 (126)
Median price of all condos for sale in the city of Boston: $389,900 ($392,000)
Average price of all condos […]
Boston is lucky. It’s almost all condos (downtown and Boston Proper, I’m talking about). Very few co-operatives.
I’ve mentioned this before - co-ops blow. Most people don’t understand their financial structure; their eyes glaze over once you start to discuss it.
Of course, even if you decided you wanted to buy into […]
This is as good an explanation as any other one I’ve read, about the difference between a condominium and co-operative apartment.
It’s not that important, to those of us who buy, in Boston, because almost every building is a condo. There’s only a handful of co-ops in the city.
Question. What is the difference between a […]
Although everyone hears that there is a glut of properties on the market, and that the volume of sales has dropped, by at least 20%, actual sales prices have not dropped, by much, in the city.
Therefore, if you’re a buyer, and make a low-ball offer on a condo, the seller is likely to reject it, […]
The following information is from the local MLS database, as of October 7, 2006, compared to (last week’s numbers).
Total # of condos for sale in the city of Boston: 2,923 (2,899)
Average # of days on market: 125 (125)
Median price of all condos for sale in the city of Boston: $389,000 ($389,000)
Average price of all condos […]
