Quincy, MA Real Estate News

By Susan Morrison
(RE/MAX Executive Realty)
852 Furnace Brook Parkway Quincy MA-Sale Pending Overview Maps Photos Features Description Neighborhood Market Stats $285,000 Single Family Home Main Features 3 Bedrooms1 Bathroom1 Partial Bathroom1 UnitInterior: 1,440 sqftLot: 5,685 sqft Location 852 Furnace Brook ParkwayQuincy, MA 02169USA To get updates on open home dates and other property events, please click the "Like" button below: Susan M Morrison (617) 686-8178susan.morrison1@comcast.nethttp://www.saysusansaysold.com Listed by: Susan Morrison Our recent listings 10 Red Gate Lane Franklin MA-Newly Priced852 Furnace Brook Parkway Quincy MA-Newly Priced50 Trenton Street Bellingham MA28 Longfellow Drive Franklin MA-Newly Priced77 Highridge Road Bellingham MA-Home for Sale Subscribe to our listing feed Nearby properties for sale
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group powered by Castles Unlimited®)
Buying Propery in the Boston Area When you care enough to find out it can easily be considered Real Estate 101, but it is not always practiced that way.  The rules that govern real estate are determined by each state and municipality in which the real estate exists, but the sales and marketing best practices are universal.  All real estate transactions have issues that need to be resolved along the way.  This is standard.  Most of the issues are small and easy to fix, some involve title which may impact your closing.  Financing is the usual culprit for slowing or derailing your closing. The job of a professional real estate consultant is to guide your client through the process by being the conduit through which real estate best practices meet faster sales for more money. This business...
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By Michael Mahoney, Boston Realtor with Century 21
(Century 21)
Mike Mahoney - Remax Bostonhttp://www.HomesinBostonMass.com 617.980.9025  I wanted to take this time to update you on the single family home market in Quincy, Massachusetts. At the time of this writing which is June 6th, 2012 there are 181 single family homes on the market in Quincy. There are 66 pending single family home sales in Quicny right now. In the last three months there have been 117 sales. This is basically 39 sales per month. The current inventory level is about a 4 and half month supply. The sellers of these 39 sales per month are getting 92% of their original asking price.I have made a video on the Quincy Mass Real Estate Market Below. You may see it below:  
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By Susan Morrison
(RE/MAX Executive Realty)
Open House June 2 from 11:00am to noon at 852 Furnace Brook Parkway Quincy MA Open House June 2 from 11:00am to noon-852 Furnace Brook Parkway Quincy MA Overview Maps Photos Features Description Neighborhood Market Stats $299,000 Single Family Home Main Features 3 Bedrooms1 Bathroom1 Partial Bathroom1 UnitInterior: 1,440 sqftLot: 5,685 sqft Location 852 Furnace Brook ParkwayQuincy, MA 02169USA To get updates on open home dates and other property events, please click the "Like" button below: Susan M Morrison (617) 686-8178susan.morrison1@comcast.nethttp://www.saysusansaysold.com Listed by: Susan Morrison Our recent listings Open House June 2 from 11:00am to noon-852 Furnace Brook Parkway Quincy MA28 Longfellow Drive Franklin MA-Newly Priced77 Highridge Road Bellingham MA-Home for Sale13 ...
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As I was browsing through all of the google alerts that I have set up for Quincy, I came across this article:   http://www.telegraph.co.uk/news/obituaries/9246872/Michael-Sands.html   As I was reading through it I questioned if it was true or not but it seems that this great character hails from Quincy, MA. He passed away tragically, choking from a sample in the super market.
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By Robert Nichols, Boston Real Estate Expert!
(Boston Trust Realty Group)
Overall Quincy, MA looks to be poised for a recovery based on the 2012 Q1 numbers relative to Q1 2011. While the median price for a home fell by 4%, the total sales volume increased by 24%. This is a healthy sign that the market will soon recover. As more buyers look to purchase residential homes, the inventory will continue you to shrink and hopefully a reduced supply , coupled with strong demand will begin to yield increased home values. It will be interesting to see what the Q2 numbers look like for Quincy MA in 2012. You can view the full report below or by visiting BTRealtyGroup.com.   Q1 2012 Lowest Price: $97,001Median Price: $284,375 Highest Price: $1,225,000Average Price: $297,303 Total Market Volume: $49,946,855 Total Properties Sold: 168   Q1 2011 Lowest Price: $10Median Pric...
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By Ciara Brennan
(Mass Homes Realty)
Successful foreclosure investing in Quincy is just like any other marketing strategies; the pros have learned how to navigate the system with ease. Strategies are developed and honed to a fine point. A skilled investor's mind weaves smoothly through all the red tape to make sure documentation is submitted on time and filled out correctly. While many of these tips and techniques come with time in service, there are some top tips that can help everyone from the seasoned veteran to the wet-around-the-collar newbie foreclosure investor. Let’s take a look at some of the top foreclosure investing tips: 1.Market Research – Know your area. Knowing what other houses in the market go for is the first thing to do when looking at foreclosure investments. This will help you to know how much to bid a...
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By Ciara Brennan
(Mass Homes Realty)
While people who are being foreclosed on in Quincy have rights, you as an investor must be conscientious of those rights while still knowing when it is time to stand up for your own rights. Yes, believe it or not, foreclosure investors have rights, too. Let’s take a look at one of these laws that is meant to protect the individual losing the home and how you can use the same law to help protect yourself. Right of Redemption The Right of Redemption law gives the previous homeowner, the one whose house was just foreclosed on, a certain amount of time after the sale of the foreclosure to “redeem” their property. This can be a big pain for foreclosure investors who are on a strict time crunch to get the house remodeled and back on the market for a profit. While the homeowner should have a c...
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By Ciara Brennan
(Mass Homes Realty)
There are many different ways to secure funds for foreclosure investing in Quincy. Many of the top investors have their own money allotments for foreclosures, or a tight relationship with a bank who views them as a small business. While this is great for the seasoned investors, where does that leave the new investors in the market? Let’s take a look at some popular funding options for buying foreclosed homes. Buyer Many times, when investing in foreclosures, you do not even need to have a bank loan, you just need to be able to identify a suitable buyer for the property that is willing to pay the right price. This makes it easy to find and buy foreclosure investment properties if you can find a buyer beforehand. Remember to have a contract and pre-approval for the buyer’s bank loan so, i...
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By Ciara Brennan
(Mass Homes Realty)
Foreclosure investing in Quincy is extremely different than what most people envision it to be. The easy lifestyle proposed in TV infomercials or magazine ads is, for many, just a dream. These get-rich-quick commercial spots sell better than the truth; hard work and a lot of time and money invested. Let’s take a brief look at how to invest in foreclosures. Work People who are big into foreclosure investing usually put a good deal of time into their research and preparation for buying a foreclosed house in Quincy. Once the buying process is complete, it is time to put more work in fixing up the property and working with a realtor to get the house back on the market for sale. Foreclosure investing is no walk in the park, but it can be extremely profitable if done correctly. The first thin...
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By Ciara Brennan
(Mass Homes Realty)
In the foreclosure-investing world, it is important to have the right bank backing up your decisions. You want a bank who will work with you as quickly as possible in order to seal the deal and win the bid on that prime foreclosure. Having a bank in Quincy that does not work well with you and your timetables, even if they have great percentage rates, can hurt your business because you may end up losing those great foreclosure bids. There are four simple things to look for when determining if a bank is right for you and your foreclosure investment business. People You have heard it before about a restaurant, “the servers make all the difference in the world.” The same is actually true about finding a good bank. Having the right people who can get on board with your vision and understand ...
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By Ciara Brennan
(Mass Homes Realty)
You have just finished buying one of your Quincy foreclosures; now it is time to get it ready to sell as quickly as possible. Before you can sell your investment, you have to know what needs to be done, and you need a plan. Let’s take a look at some of the things you need to consider when thinking about how to flip a foreclosure. Market Value With all types of foreclosure investing, it is imperative that you know and understand market value in the area you are investing time and money. Without knowing market value, you may end up out-flipping your investment. Basically, you end up putting too much money into your improvements and the market will not allow for a return on investment when you put a Quincy house up for sale. Market value also helps you keep in mind your budget. If you have...
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By Ciara Brennan
(Mass Homes Realty)
There is a large difference in investing in a pre-foreclosure home and a foreclosed home in Quincy. Once the banks have purchased the home back, and are setting up the bidding wars, there are certain things you must keep in mind in order to increase your chances of winning the housing bid. Let’s take a look at some of the things to keep in mind before you push your paddle to the sky. Know The Market Value of Quincy Homes For Sale It is important to understand the market value of the area around the house. While a bank would love to sellforeclosed homes in Quincy, they are not going to be sloppy with their money. Banks have realtors also and understand what a house should sell for. Banks also understand that foreclosed homes are not going to sell for exactly market value, so knowing what...
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37 Single Family Homes were sold in Quincy in March 2012. 4 of the homes that sold were bank owned properties and 1 of the homes sold was sold as short sales. ·       3 homes were under $200k. ·       17 homes sold were in the $200-$300k price range. ·      14 homes sold were in the $300k-$400k price range. ·       3 homes sold were in the $400k-$500k price range. ·       0 homes sold were in the $500k+ price range.   The average listing price of the homes sold was $305,366 and the average sold price was $293,116. This means that on average, homes are selling for 96% of the list price.   The homes that were sold were on the market for approximately 148 days. There were 237 Quincy MA homes for sale in March 2012 (including homes that went under agreement in this time frame). Of these ho...
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Mistakes happen, even big ones like having hired the wrong Quincy real estate agent to help you sell your home. Even though precious time has been wasted, the problem can be corrected by knowing when to fire your agent and find a new one to help you recover some of that lost time. The job of selling a Quincy home doesn’t stop when you hire a real estate agent. Part of your ongoing task is paying attention to what your agent is doing for you. You need to have an understanding of the listing, the statistics, and how your home is being marketed. Regardless of how you found your current Quincy real estate agent, it is critical that if they are not performing as promised or expected, they must be replaced. Although this may be difficult, especially if you have a personal relationship with yo...
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By Ciara Brennan
(Mass Homes Realty)
When you decide to search for homes for sale in Quincy  to purchase there are a lot of things to consider such as mortgages, down payments, timing and so on. I wanted to talk a bit about down payments in this blog post and how they are important. A down payment is the amount of money that you put down on the home that you are purchasing. That is simple enough to understand. However, the importance of a down payment goes beyond just that explanation. Simply put, as an example, if a house costs $200,000 and the buyer puts down 10 percent, or $20,000 toward the purchase, they will need to be approved for a mortgage of $180,000. The down payment basically lessens how much of a mortgage you need to take out. This may be the difference between qualifying for a mortgage or not. However, the be...
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By Ciara Brennan
(Mass Homes Realty)
For first time Quincy home buyers, the loan process can be extremely intimidating. When you’re buying a home for the first time, you will likely be bombarded with advice from family members, co-workers, and friends, much of which is either inaccurate or not applicable to your particular needs. Acquiring first-hand knowledge of the loans available to a first time home buyer is the best course of action to take. This means scheduling a meeting with a loan or mortgage officer. Many first time home buyers utilize the Federal Housing Authority (FHA) loan product. FHA has guidelines that must be met in order to qualify for the loan. These guidelines vary depending on which state you’re buying a house in. Here’s a quick overview of what to expect: loan limit as to how much the buyer can borrow...
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There are many reasons people invest in Quincy real estate for sale, but the general consensus is to make money. With interest rates at record lows and the inventory of homes for sale at a record high, it is an excellent time to begin to invest in real estate. Getting started investing in the housing market is not as hard as many believe, especially if a few simple guidelines are followed. Let’s take a look at the very basic strategies you’ll want to have in place before you make the commitment to invest: Money Successful investors in real estate will take action to get a line of credit in place. This begins with creating a working relationship with one or two loan officers at a lending institution. The loan officer will review the investor’s credit scores, analyze debt-to-income ratios...
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No doubt you have heard it said that the market in Quincy is a buyer’s market at the moment. The current Quincy real estate market is primed for buyers to purchase due to a huge inventory of homes to choose from and low interest rates. If considering buying a home, now may just be the time to take action. Before answering “Is now the right time to buy?” some homework will be necessary. There may be a surplus of homes on the market, but buying a house will depend on the financial situation of the individual buyer. Take these steps to craft a plan of action to make buying a home now, or in the future, a positive and lucrative experience. Step One – Contact a Trusted Loan Officer A loan officer will be able to review income, financial history, credit reports, and other documentation and ad...
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By Ciara Brennan
(Mass Homes Realty)
There is an average of nine different service providers involved in a Quincy home purchase. Each of these professionals is well versed in real estate lingo. Why shouldn’t you be, also. Buyers who become familiar with basic real estate terms will have less stress during their home purchase. Understanding what is being discussed between these service providers will help prepare you for each step of the process and will help you make decisions about the home buying process with confidence. Take a look below at some of the basic terms you’ll hear when discussing a home purchase. Refer to this list often when interviewing buyer’s agents, meeting with loan officers, and hiring other service providers such as home inspectors, insurance officers and repairmen. Buyer’s Agent: A real estate agent...
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