An offer with a better price or better terms (or both) came in. If you did not receive a counter offer, the offering price was too low from what the seller would be willing to take.
If you can, try going back with a higher price.... more
I would start with your lender. Go to your local bank and see for which loan you would qualify. Remember short sales take a long, long, time and only 30 percent of them go through. Keep your eye open for other properties.
Good luck and warm regards.
Christine M, Moran.... more
Any local agent can help you, however keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...... more
Malden is showing the signs of a stabilized and bottomed property market. My buyers and I have participated in several multiple offer situations with multi-family properties in the last 6-9 months and
Right now the only condo on the market in that complex is already under agreement :
Here is every 2+ bedroom property for sale in Malden:
Massachusetts Premier Buyer Brokerage... more
Malden is starting to recover from the brutal decline in the housing market since 2007. The first wave of foreclosures to hit Malden and surrounding towns was what you've heard referenced as the "sub-prime"
This listing is in the active stag but with a red flagged which means that it is under contract but sellers would like to keep showing for back up purposes only.
Go to www.MassEstateTeam.com for the most updated information in the real estate market.... more
Probably because there has been some updates in the home to jump the price up or the market values in the area might have moved up a bit. To find out you might want to contact the listing agent to see exactly why that is.... more
Multi-Family Listings: 10 Average List Price: $310,560 Average Market Time: 77.30 Average Sale Price: $302,400Home Value Report for Malden, Massachusetts, November 2011.In November 2011, there were 10
I beleive that the market is stabilizing. That property values are at a base value that can only move up in the future. Interest rates have gone up alittle and fluxuate daily. Buying a home is a minnimum 5 yr investment. A buyer can not look at purchasing and selling next year to make a profit.
If you are looking to buy, now is the time, first time home buyer $8,000 credit is going to stop as of Nov 30th.
If you see something you like, put in an offer. There are bad properties out there that are not worth much and are money pits. My advice would be to get a Buyer's Agent and let them do the research and leg work for you. There is NO payment from you. The Buyer's Agent will split the commission with the listing agent.
Good Luck, if I can be of assistance, please feel free to contact me.... more
The bottom 5 Massachusetts cities with the lowest sale price to list price (SP to LP) ratios were Malden, Boston, Fitchburg, Fall River, and New Bedford. Data in this post is based on information provided
This is one area that taking a careful look at the budgets, reserves & financial health of the community & builder are very important. Condos can be wonderful housing options but alot depends on you & your current & near term situation as well as the health of the association. You might want to look into the property through your buyers agent & mortgage professional to look at the last 2 years and see what reasons might be behind the amount of sales. You'll also want to make sure that the curent owners are all up to date on their condo association dues. If you're using FHA financing or most others you'll need to also look at the owner occupancy rate as this will also affect your ability to get financing.
Condo fees should be representative of the budget & upkeep needed by a community with some alloted for a managment company. You should check to see what the current fees paid to the managment company are and see how often the fees are adjusted for inflation, improvements and/or managment fee hikes. You'll also want to review the minutes of the association meetings to see about proposed assesments & other maintenance items. You can also request a CLUE report on the property from the owner and see if there have been any insurance claims on the property. Brick buildings, pools, elevators are all expensive items and dependeing on the age of the building and if maintenance has been deferred can get quite expensive.
Hope this helps,... more
Thanks for your question. It depends on a lot of factors. . . the condition of the property, how long it has been for sale, the location, the price of similar homes that have sold recently in the same neighborhood and seller's situation. There's no magic formula for determining what would be acceptable to a seller. If the house has been reasonably priced at $339,000 then there is a very good chance that the seller won't accept an offer $60,000 lower.... more