House Hunters Blog

Better Financing as a Negotiation Tool

The trend has been for listing agents to encourage their clients to accept offers that have  better financing. Because of this, commercial investors have a strong advantage because they frequently purchase for cash or with very high down payments. Whose interests are being served by rushing offers, then choosing buyers who are going to resell

By |2018-06-29T10:17:36+00:00July 18th, 2018|Categories: Mortgage matters, Negotiating|

Good Time to Downsize

A rising market favors people who are downsizing because the higher the property value, the greater the sale of the more expensive, bigger property. This offsets the higher price of the downsized, smaller property, assuming both properties are rising at the same rate. Suppose you own a house that was worth $650,000 before the mini-bubble.

By |2018-06-28T17:33:15+00:00July 11th, 2018|Categories: Market data and conditions, Money and finance, thinking of selling?|

This is What Democracy Looks Like. My Day on Beacon Hill.

My day started out at a Joint Committee on Revenue hearing regarding Somerville Transfer Fee Home Rule Petition (H-4582). Somerville Board of Aldermen have created a transfer fee that will charge non-resident owners and buyers a one percent fee when selling and buying property. If the seller lives there, no fee. If the buyer intends

By |2018-06-20T18:17:54+00:00June 27th, 2018|Categories: Uncategorized|

Which Improvements Pay Off at Resale?

Improvements. Which ones pay off at resale? I get asked that all the time. Once our clients become homeowners, they start thinking like sellers. Some improvements pay back at a high rate at resale. Some only pay back in your enjoyment of the place (and may help you sell faster.) Here's a list from Groom

By |2018-06-03T19:29:35+00:00June 13th, 2018|Categories: Buying trends, Problems and repair, thinking of selling?|Tags: |

About Pinnacle Mortgage

Looking to borrow more than the Fannie Mae limit, but not to pay a higher rate for a jumbo mortgage? Looking to borrow with less than 20 percent down? Looking to buy a condo and your lender says the condo is "unwarrantable"? Today, I share some different lending ideas for you from Paul Sammons from

Avoid a Flood for $30

About five years after I moved into my house, I was working from home. I spent the morning writing and had a lunch date with a former client. At about 11:30, I heard water running in my basement. Home inspectors will warn you. New home owners don’t listen, including me. I went down to investigate

Assessed Value Has No Relationship to Market Price

Junk data hurts buyers by creating distraction from understanding market value. Buyers need to know market value in order to negotiate for the fair price. Assessed value has no relationship to market price. But, but, but…how can a property be worth more than what the town or city assesses it for? Don’t the town or city

By |2018-05-06T13:54:20+00:00May 23rd, 2018|Categories: Buying trends, Market data and conditions|Tags: , , |

Cars and Houses

Households with no cars were rare in 1996. Even among people who commuted to work solely by mass transit or bicycle, there was a car. When the house next door to me went up for sale in 1996, my new neighbor was a man in his 30s who did not have a driver’s license. He

By |2018-05-06T12:44:37+00:00May 16th, 2018|Categories: House Hunting, Market data and conditions|

How Old is That Roof?

When you look at a roof, can you see the difference between an old one and a new one? We can! Let us give you a couple of tips. Asphalt and fiberglass-asphalt shingle are the most common roofing materials you will see in this area. They are built with a dark underside covered with granules

By |2018-04-24T14:23:26+00:00May 9th, 2018|Categories: House Hunting, Problems and repair|Tags: |