Real estate appraisals: What's a comp? In addition to being a Realtor, I worked as an appraiser in Boston during 2003 and 2004, when things were very different. It always surprises me when even some Realtors don’t know what a comp actually is. Click above.
Real estate appraisals becoming more difficult...and realistic. (Sam Schneiderman, Boston.com) Regardless of what a buyer or seller thinks about a property’s value, in the end, the only opinion that probably matters is the appraiser’s. Click above.
Homebuyer tax credit closing deadline
extended. Congress has passed an extension of the
Homebuyer Tax Credit closing deadline, to September 30, 2010. The
extension applies only to
transactions that have ratified contracts in place as of April 30,
2010 that have not yet closed.
Getting out of an offer to purchase real estate in Boston. AN offer to purchase real estate in MA is a legally binding document. If you are a seller or a buyer, and you want to get out, there are only a few ways to do it. Click above.
Last minute credit checks threaten closings. Do not use your credit cards, particularly for large purchases at any time post mortgage application, prior to your closing. If you do, you could lose both your financing and your deposit. Ouch! Here’s what this is all about:
I was wrong... 6/4- OUCH!! We’ve gone from a 3 year high in activity to a 3 year low. You may recall that I said that I didn’t think that the tax credit was having that much of an effect in the downtown areas. Wrong!
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