Posts Tagged ‘Boston Real Estate’

Note To Home Buyers – Be Prepared and Move Swiftly This Spring

Posted on: March 6th, 2013 by Robert Nichols No Comments


If you are looking to purchase a home this Spring, be prepared to act quickly and have all your financials in order. With inventories near historic lows the competition will be fierce, and there will be winners and losers. How will you fare? If you follow this advice and you will position yourself for success! Good luck in 2013.

160 Summit St, Hyde Park MA

Posted on: February 1st, 2013 by Mauricio Florian No Comments

Great Hyde Park Two-Family located in the Fairmount Neighborhood of Boston. This home features New Cabinets, Stainless Steel Appliances, Beautiful hardwood Floors, recess lighting, finished basement and much more. Access to public transportation. Call us today!

160 Summit St List Price: $409,000
Hyde Park, MA 02136
Suffolk County
Total Floors: 2 Total Rooms: 12
Total Units: 2 Total Bedrooms: 6
Living Area: 2288 sq. ft. Total Bathrooms: 2f 0h
Lot: 4512 sq. ft. Total Fireplaces: 0
Unit 1: 2 Bedrooms, 1 Bathroom Year Build: 1920
Unit 2: 4 Bedrooms, 1 Bathroom

 

 

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Thinking About Buying a Condo? Here are 3 Things You MUST Know

Posted on: December 5th, 2012 by Robert Nichols No Comments

While buying a condo is a great way to stop paying rent and start investing in your future. In this Video, I cover the 3 things you must know when purchasing a condo.

The First Thing You Must know is Check The Condo docs for restrictions, second, review the budge, and lastly find out if it is professionally managed or self manged. This information will ensure you make an informed decision and will give you a better sense of whether or not this condo and the condo association are right for you.

Commitment Dates Are Bigger Than Birthdays In Real Estate

Posted on: December 4th, 2012 by Robert Nichols No Comments

When buying a home it is important that you keep an eye on your commitment date or it may cost you big bucks. Your commitment date is the day by which you must disclose whether or not you are moving forward with the purchase, need more time, or are backing out based on your financing contingency. If you neglect to do this you will most certainly lose your deposit. Make sure you, your lender and your realtor are all on the same page when it comes to your loan commitment.

The Fiscal Cliff and Its Impact on Short Sales

Posted on: December 4th, 2012 by Robert Nichols No Comments


While the majority of conversations surrounding the fiscal Cliff are about tax increases and spending, the impact it will have on home owners looking to do a short sale will be even greater financially. It is estimated that there will be nearly 350,000 short sales in 2013. The Congressional Budget Office estimates that this would mean $1.3 Billion Dollars of taxes that will need to be paid if nothing is done.
The particular piece of legislation that needs to be extended to stave off this massive tax hike for distressed home owners is The Mortgage Forgiveness Debt Relief Act. This Act enables homeowners to avoid paying taxes on income that results from the bank writing off debt when doing a short sale. For Example if you purchased a home for $150k and complete a short sale for $90k, the difference is $60k. Under the current legislation you could write off the loss and would not have to pay any taxes on it. If this is not extend, a home owner would have to pay taxes on the $60k as income. For more information about doing a short sale or general information about Boston Area Real Estate contact us today at 617-674-2077.