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Massachusetts Real Estate Article
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Finding Real Estate For Sale
from:Finding real estate for sale is easier today than ever before. Obtaining listings from websites means you no longer have to drive around town looking at homes with for sale signs or wait for an appointment with a real estate agent. With this in mind, if investing is your strategy, remember that simply purchasing a property to resell or rent to tenants is not the end of the story. Smart real estate investors look for properties that are below market value. A good way to find these is to look at foreclosures. Some homes that have been foreclosed on will be ready to rent or resell at a profit. Other buildings may need renovations or updates in order to sell them. Working with a trusted real estate agent who specializes in foreclosures, knowing what you are investing in ahead of time by carefully looking the property over and making the best deal you can will help insure that you come out ahead of the game.
Getting your hands on foreclosure listings
Obtaining and reading a listing of properties that have been foreclosed on can have its advantages. Ideally a listing will have a photo of the property as well as any pertinent information about the property. You will know ahead of time what features and amenities the property has. If you are planning to purchase the property strictly as an investment, these features can be strong selling points. Other pertinent information will include the asking price, which usually can be negotiated even on a property that has been foreclosed on. The lot features such as lot size, sewer and utilities should be listed as well as building interior and exterior features. If appliances are going to stay they will be listed as well. Homes that have been foreclosed on will not have a tenant or homeowner there so the real estate listing will be your main source of information. This also generally means possession after closing is immediate so there is no wait for the current tenants to move out. This is the best way to make a quick turn around on your investment. It is also imperative that you do get a listing of foreclosed properties, either from a bank, credit union, mortgage company, real estate agent or online. Most of these properties will not have a real estate for sale sign in front of them until after they have been put on the market which could mean less negotiating power for you. Many times the companies that have repossessed the properties will send someone around to do repairs or other updates to the property before they are listed with a real estate agent. Making an offer on these properties before that happens can lead to a win-win situation for everyone involved.
Massachusetts Real Estate News
Massachusetts home prices increase modestly in April
Median prices for single family homes in Massachusetts increased modestly in April, marking the first jump in seven months, and igniting cautious hope in the real estate industry that the state’s years-long housing downturn is coming to an end. Median home prices rose 1.1 percent to $275,000 in April compared to $272,000 during the same time last year, according to data released Tuesday by the ...
Read more...First Boston Realty International Expands Professional Staff
Jenny Searles Joins First Boston Realty InternationalBoston, MA (PRWEB) May 25, 2012 First Boston Realty International announced today the addition of Jenny Searles to their professional team. Searles, originally from Indiana is a licensed real estate professional in Massachusetts as well as New York.Searles began her career in real estate as a rental and sales agent for BOND New York. Searles ...
Read more...Massachusetts Real Estate Market Continues Its Rebound
Two reports Tuesday indicate April single-family sales were up as much as 22% compared to the same month a year ago.
Read more...AvalonBay Communities To Receive NAIOP's Distinguished Real Estate Award
AvalonBay Communities Inc. has been selected to receive the NAIOP Massachusetts 2012 Distinguished Real Estate Award for achievements in real estate, charitable activities and community betterment.
Read more...April’s rise fuels optimism that downturn may be near its end; condo sales also up
Median prices for single family homes in Massachusetts increased modestly in April, marking the first jump in seven months, and igniting cautious hope in the real estate industry that the state’s yearslong housing downturn is coming to an end. Median home prices rose 1.1 percent to $275,000 in April compared to $272,000 during the same time last year, according to data released Tuesday by Warren ...
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