Boston, MA Real Estate News

By Michael Mahoney, Boston Realtor with Century 21
(Century 21)
4 Things You Must Absolutely, Positively Know Before You Buy Any HomeBy Michael Mahoney of Keller Williams Realty in Boston617-615-9435www.RealtorMikeMahoney.com Don't Get "Pre-Qualified!Do you want to get the best house you can for the least amount of money?  Then make sure you are in the strongest negotiating position possible. Price is only one bargaining chip in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical to a seller.In years past, we always recommended that buyers get "pre-qualified" by a lender.  This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you "pre-qualified" and issues a certif...
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By Jon Ernest
(Spotlight Realty)
Apparently I've been under a rock, I swear I wasn't playing Mansion Impossible.  Regardless, Boston's skyline might be getting a facelift.  Only one developer, Steve Belkin, actually bid on the project.  He might have had a slight advantage, seeing as he owns an adjoining property.  As seen above, the new building designed by Renzo Piano, will be 75 stories, 15 stories higher than the current New England record holder, the John Hancock Tower.  It will feature 1.3 million square feet of commercial space, and 40,000 square feet of retail and restaurant space. It will also have an additional 55,000 square feet of public space including a one acre town green on the ground floor with public art, as well as a wind protected, richly landscaped, public observatory area on the top of the buildin...
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By Jon Ernest
(Spotlight Realty)
 CNN reported on home prices across the country.  Hold onto your hats people, the bubble has popped, the sky is falling, housing prices fell a whopping ...... 1.2% this quarter compared to a year ago. What does that mean?  Not too much because real estate is local. Fortunately, the article is kind enough to break it down by city, and by single family homes and condos.  These numbers were based on the median price of homes.Cheers go to:- Salem, Oregon where single family homes (median price $228k) saw a 24.7% increase from the third quarter last year.- Knoxville, Tennessee where condos (median price $155.7k) saw a 29% increase over last year.- other notable cheers go out to Seattle/Tacoma/Bellview WA (single family) and Honolulu HI (condos) that had both high median prices and good perce...
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By Michael Mahoney, Boston Realtor with Century 21
(Century 21)
Is a condo the right thing for you? An option often overlooked by those desiring homeownership is purchasing a condominium or condo.But, the traditional detached single family home is not the ideal situation for everyone. For those just starting out, affordability may be an issue. An empty nester may want to downsize and not have the hassles of yard work and other maintenance. Or it can simply be that the traditional family home doesn't suit your lifestyle.  What are you buying when you buy a condo? When you own a condo, you own the title to the space within the walls of your living quarters. Common areas such as hallways, roofs, parking lots, green areas and pools are shared with the other owners in the complex. The more common type of condo is the apartment-style, in which you may hav...
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By Michael Mahoney, Boston Realtor with Century 21
(Century 21)
In Boston, is It Better to Buy or Rent?By Michael Mahoney | http://www.mmahoney.comKeller Williams Real Estate617-615-9435 The Boston Real Estate Market is Ripe for BuyersThe market is ripe for buyers right now. Interest rates, although slightly higher than this time last year, are still at an all-time low, and the National Association of REALTORS® predicts that 2006 will be the third all-time best year in real estate. So naturally you should be telling your landlord goodbye and saying hello to your dream home, right?  Not so fast. Certainly, owning your own home has its benefits. But, is the dream of homeownership really one you should pursue?  It all depends on your circumstance and needs. By Buying a Home, You will Control Your CostsBuying a home is such a large investment, possibly ...
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