Whoa! This is a good one:
DEAR BOB: We had a sales contract to sell our house. The buyer was supposed to pay a deposit into a trust account with the realty office representing the buyer. We expected to close with no problem.
But a few days after the scheduled closing date, the buyer’s agent told […]
If you’re just getting started in the process to buy a home, you might not have thought about this potential problem.
When you buy a home, you pretty much are buying the physical structure as well as anything nailed down or attached to the property.
A refrigerator is not nailed down.
Neither is a washer. Or a […]
The following information is from the local MLS database, as of April 28, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,514 (2,481)
Average # of days on market: 120 (120)
Median price of all condos for sale in the city of Boston: $399,000 ($390,000)
Average price of all condos for […]
From today’s Globe:
Boston’s condominium market posted a surprisingly weak start of the year as sales in in-town neighborhoods dropped 8 percent in the first quarter of 2007.
The drop in sales was most pronounced in condo buildings along Boston’s waterfront, which had 40 fewer sales in the first quarter compared to the same period last year, […]
More on home sales volume during the first quarter, 2007:
A … report released yesterday by Warren Group, a Boston real estate information and publishing firm, said that median prices fell — 1.6 percent for houses and 2.7 percent for condos. Those declines were also smaller than the price drops in prior months, which Warren Group […]
Condo and single-family home sales volume seems to be holding steady, according to data released by The Warren Group, today.
In March, the number of single-family homes sold in Massachusetts was 4,239, down 5 percent from March 2006, the Warren Group said; the median selling price for a single family home in March was $314,900, down […]
The following information is from the local MLS database, as of April 21, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,481 (2,493)
Average # of days on market: 120 (119)
Median price of all condos for sale in the city of Boston: $390,000 ($395,000)
Average price of all condos for […]
Should you pay PMI or get a piggy-back loan?
What do I mean?
Well, suppose you only want to (or have to) put 5% down at closing on your new home purchase.
You have two options.
The first is to take out one loan for the 95% you are borrowing. If you do this, your lender will require […]
Most real estate agents work with both buyers and sellers. Not on the same deals, of course (although that’s allowed, it’s not preferred).
I see nothing wrong with this.
Some agents work only with buyers or sellers, either by design or by chance. I, for example, work only with buyers. I like working with […]
I thought it would be interesting to plot units of inventory and number of units going under agreement and number of units sold, over the past fifteen months.
The number of units for sale includes just condos, within the city of Boston, as reported by our local Multiple Listing Service.
The number of units going under agreement […]
