Ma Homes For Sale Blog - Madelene Cheney

Rockland MA home for sale. 3 BR 2 Bath Cape. Large Lot. $309,000. Open House 3/21 1-3pm

Madelene Cheney (Red Door Real Estate) — Mon, 15 Mar 2010 21:50:11 -0700

Rockland MA home for sale - Inviting with newly painted exterior&new; roof. Open living room with wood stove&additional space; perfect for dining area or possible conversion to 1st floor bedroom. Sun filled dining room with sliders leading to 24x12 deck overlooking approx 1/2 acre lot. Bright&spacious master with skylight. 3rd BR in finished lower level complete with full bath&400 SqFt of living area. Kitchen with work island. Heated garage. Wide driveway for extra off street parking. Easy access to Rt 3.

1648 Square Feet
3 Bedrooms
2 Bathrooms
Lot: .45 Acres

Surprisingly spacious, must come inside to appreciate!

Open House Sunday March 21st, 1:00-3:00pm
465 Plain Street
Rockland, MA 02370

Call Madelene to view (617) 894-1124
http://reddoor-re.com/index.htm

Top Producing, Quincy MA Real Estate Agent Madelene Semeria, opens her own real estate company, Red Door Real Estate.

Madelene Cheney (Red Door Real Estate) — Thu, 07 Jan 2010 22:47:05 -0800

Madelene Semeria, formerly of Century 21 Abigail Adams opens Quincy MA's newest real estate office Red Door Real Estate.

Quincy, MA (January, 2010) - When it comes to the recent real estate market, things have been interesting... to say the least. For local Quincy MA real estate agent, Madelene Semeria, the past few years have been filled with accomplishments and opportunity. In 2008, Madelene achieved her Bachelor's Degree in Marketing while working as a full time real estate agent. Taking 2009 head on, Madelene finished up the year as the Top Producing agent for Century 21 Abigail Adams, located in Quincy MA. 2010 will be no different as Madelene enters into her next endeavor as Broker/Owner of Quincy's newest real estate company, Red Door Real Estate.

The shift in the real estate market has given Madelene invaluable experience she feels will make her company a success. She has closely re-examined her business strategy and reset her priorities to adapt to the ever changing needs of her clients. Her resilient attitude and positive vibe is contagious and most likely may have been the biggest factor in her past successes.

"It is impossible to explain the feeling I get when I hand my clients the keys to their new home," states Madelene Semeria, Broker/Owner of Red Door Real Estate Quincy MA. "That is what keeps me striving, explains Madelene, "and I am excited to see what the upcoming year has in store for Red Door Real Estate."

About Madelene Semeria

Semeria, broker/owner of Red Door Real Estate, has been servicing the Quincy area for the past five years. Her expertise in property marketing and internet exposure offers sellers one of the most aggressive marketing plans in the industry. She specializes in helping first time home buyers find their dream home and is fully equipped with the knowledge to handle foreclosure properties, and short sales in Massachusetts. Although located in Quincy, MA, Red Door Real Estate also serves Weymouth, Braintree, Milton and the entire South Shore Massachusetts. For more information check out Red Door's website at: http://www.RedDoor-RE.com or call the office at (617) 553-1880.

Luxury 1 BR condo available for rent at Excelsior Condominium Quincy MA

Madelene Cheney (Red Door Real Estate) — Fri, 23 Oct 2009 18:43:20 -0700

Luxury 1 BR rental at Excelsior Condominiums. Built in 2004. Stainless steel appliances. Washer & dryer in unit. Bay window offers slight water view of Quincy Bay. Large master bedroom with walk in closet. Convenient location just steps to bus leading to Quincy Center T. Minutes to highway.

Great complex with clubhouse, pool and tennise courts.

$1400 a month, available ASAP

No Fee!

Call Madelene today - (617) 894-1124

http://www.Ma-HomesForSale.com/listings.html

$8000 tax credit now available for use as a down payment, What more can a first time homebuyer ask for?

Madelene Cheney (Red Door Real Estate) — Wed, 29 Jul 2009 13:20:54 -0700

- If you thought about it before, NOW is definitely the time to buy a home! As of July 14th, 2009 the Deval Patrick administration has approved the use of the first time homebuyer tax credit as part of a down payment or to cover buyer closing costs. This act is a huge step toward improving the economy and will help to improve the real estate market throughout Massachusetts. This innovative program is offered by Mass Housing, an organization providing affordable home ownership for low to moderate income buyers. The Mass Housing First Time Homebuyer Tax Credit Loan Program will allow first time buyers the opportunity to borrow up to $8000, which can be used at the closing as opposed to waiting until the 2009 tax season. First time home buyers can benefit from using the $8000 loan to use toward the down payment of a new home or to cover closing costs, with the ability to repay the loan once the actual tax credit is received. The tax credit loan will be structured as a 2nd loan to the buyer which, if repaid before June 1st 2010, will not be charged interest. If a buyer does not pay the loan before the deadline the tax credit loan will be charged interest at the same rate as the buyer's first mortgage.

"One of the biggest problems I see with first time homebuyer's is saving up enough money to use as a down payment or to cover escalating closing costs, which can run anywhere from $5000-$10,000;" states Quincy real estate agent Madelene Semeria. "Mass Housing already offers a number of unique programs to assist buyers in purchasing a home and this program will only help open the door to home ownership for many more first time homebuyers." Mass Housing does require that the purchaser use a pre-approved Mass Housing lender. More information on the 20 lenders currently offering the First Time Homebuyer Tax Credit Loan Program visit: http://www.M a-HomesForSale.com.

Madelene Semeria, a real estate agent working for Century 21 Abigail Adams here in Quincy, has been helping first time homebuyers achieve the dream of home ownership for the past 5 years. Since the implementation of the federal Housing and Recovery Act (HERA), Madelene has helped many of her clients benefit from low home prices and current tax credit incentives. For more information on buying a home in your area contact Madelene Semeria at (617) 894-1124.

Great Source for Quincy MA Community Information

Madelene Cheney (Red Door Real Estate) — Tue, 28 Jul 2009 14:04:35 -0700

If you are looking to move into a great area near Boston MA, Quincy is a great option. Located just 7 miles from downtown Boston this city can offer you a taste of the suburbs with a city feel. If you are looking to move to Quincy or currently live in this city this check out this link: http://www.clrsearch.com/RSS/Demographics/MA/Quincy/

You can find drive times from Quincy Ma to major location, city demographics, Quincy MA gas prices and much more.

Not only am I a proud resident of Quincy, I also assist others in relocating to this great city. Looking to buy a home in Quincy Massachusetts or anywhere in the South Shore check out my website for local information http://www.Ma-HomesForSale.com.

Get information on your neighborhood before moving in - Walk Score & Drive Score are great options

Madelene Cheney (Red Door Real Estate) — Mon, 15 Jun 2009 17:20:18 -0700

Imagine moving into your dream home and then finding out that you moved to a location that is in the middle of nowhere. There are no options nearby to walk to the store and your favorite food market is on the other side of town. It is not uncommon for a home buyer to research local real estate markets on the internet. As I was searching the internet for helpful real estate tools for my clients I came across two websites that will come in handy during your home search:

Drive Score: Simply enter your new address (or a home you or interested in buying) and Drive Score will give you a map with local establishments and their driving distance from that address.

http://drivescore.fizber.com/

Walk Score: Simply enter your new address (or a home you or interested in buying) and Walk Score will give you a map with local establishments and the walking distance from that address. http://www.walkscore.com/

Both sites can come in handy for local food favorites or hot spots as well as with home buyers that are commuting and need to be near public transportation.

If you would like to see a larger area to determine which public transportation option is closest to you, you can also search on Google Maps. When you type in an address, Google show each T stop or commuter train stop near that address. Believe me this is much easier then driving around scanning the neighborhood on your own.

Visit my website for more local information and great sources for real estate: http://www.Ma-HomesForSale.com

Madelene Semeria - Realtor

Great New Price! 2 BR 2 Bath just steps to T - Open House Sun 5/3 1:00-3:00pm - 10 Weston Ave Unit 105 Quincy MA $205,000

Madelene Cheney (Red Door Real Estate) — Mon, 27 Apr 2009 20:25:05 -0700

Dont miss out on this opportunity. Great new price for sought after condo development in Quincy MA, Mellen Bray. This unit is in move in condition and has 2 bedrooms and 2 baths. Pet friendly complex just steps to Wollaston T and grocery store. Central A/C. Washer and dryer in unit.

Stop by and view this unit at our open house:

Sunday, May 3rd, 2009 1:00-3:00pm

10 Weston Ave Unit 105, Quincy, MA 02170

For more information or ti set up a private showing contact list agent Madelene Semeria (617) 894-1124.

http://www.Ma-HomesForSale.com

Century 21 Abigail Adams

Massachusetts Fire Safety Code and Regulations Explained

Madelene Cheney (Red Door Real Estate) — Mon, 06 Apr 2009 10:01:09 -0700

New codes and regulations from the State Fire Marshall may make passing the required smoke inspection even more confusing then before. If you are currently selling your home or plan to sell in the near future the new code will apply to you now as well as in the future. Every home that is to be sold in Massachusetts will need to pass a smoke detector inspection preformed by the local fire department. Owners and real estate agents have long struggled with the correct placement of detectors as well compliance of additional regulations of the code. This new code may only add to the confusion.

The updated code requires that homes install photoelectric smoke detectors throughout the property. Photoelectric detectors measure light, or the lack of light in a certain area. The change in light can be measured at a distance while in order to trigger a ionized detector the smoke must physically enter the detector to trigger the alarm. The idea of using a photoelectric smoke detector is that the detector will sense visible smoke particles quicker then an ionized detector. Smoke particles accumulate in a slow smoldering fire, which is common in household fires started on furniture or in a bed. The down fall is that photoelectric detectors tend to be larger then typical detectors and more importantly, they are much more expensive.

Photoelectric smoke detectors are less sensitive then the popular ionized version. In the past Ionized detectors have been known to trigger the alarm from steam or even stovetop cooking. For this reason, if the home has ionized detectors they cannot be placed within 20 feet of a bathroom or kitchen to avoid false alarms. Outside of the 20 feet, a combination detector of both ionized and photoelectric detector is required. Correct placement of both smoke detectors and carbon monoxide detectors include: within 10 feet of each bedroom, base of the each set of stairs and one on each finished level. Carbon monoxide detectors are only required in homes that use fossil burning fuel such as gas or oil, as well as homes that have a fireplace. Homes or condo's that are solely electric and do not have a fireplace will not require a carbon monoxide detector in addition to the required smoke detectors.

Although this new code does not go into affect until January 1^st, 2010 many home owners may experience this change immediately.

If you are looking to sell a home in Quincy MA, Weymouth MA, Braintree MA or the entire South Shore Massachusetts call Madelene Semeria at (617) 894-1124 or visit http://www.Ma-HomesForSale.com

Quincy Ma Realtor Madelene Semeria Earns Loss Mitigation Certification Designation

Madelene Cheney (Red Door Real Estate) — Mon, 06 Apr 2009 09:57:43 -0700

Quincy, MA (2009) - Madelene Semeria of CENTURY 21 Abigail Adams, Quincy, has successfully completed the Massachusetts Association of Realtors Loss Mitigation Certification Course (LMC) offered by the Plymouth and South Shore Association of Realtors.

This comprehensive one-day course was developed to educate Realtors on the intricate issues and problems associated with transactions involving foreclosures, short sales, properties being sold by auction, and bank-owned (REO) real estate. The course is taught by national and local industry experts in loss mitigation and is designed to equip Realtors with the tools and knowledge needed to deal with short sales on both the buying and listing side; the process, ethics, laws, contracts and credit issues involved and how best to work with lenders.

Lastly, the course addresses the human element of these transactions as consumers face losing their homes. "These transactions can be hugely complicated with many players, let alone the emotional component," said Semeria. "I feel better equipped to advocate and advise my clients with the knowledge gained from this course, I definitely have an advantage".

Upon completion of the Loss Mitigation Certification Course, participants earn lifetime usage of the LMC designation and continuing education credits necessary for real estate license renewal.

Madelene Semeria is a full service real estate agent working out of Quincy MA. As a Century 21 Abigail Adams agent, Madelene has gained experience working with buyers and sellers in Quincy, Weymouth, Braintree, Milton and the entire South Shore Massachusetts. Through the LMC designation Madelene is equipped with the knowledge to handle foreclosure properties, and short sales in Massachusetts. Madelene has worked in the local real estate market for the past 5 years and also specializes in helping first time home buyers find their dream home as well as marketing and listings homes for sale. For more information check out Madelene Semeria's website at http://wwwwww.Ma-HomesForSale.com or contact Madelene at (617) 894-1124.

With low home prices, falling interest rates and FREE MONEY, Why Aren’t More First Time Home Buyers Taking Advantage

Madelene Cheney (Red Door Real Estate) — Mon, 06 Apr 2009 09:51:42 -0700

Quincy, MA - Calling the current real estate market a "buyers market" is an understatement! Low interest rates, dropping house prices and most importantly a federal tax credit offered to first time home buyers. Recent changes in the economic stimulus bill offers first time home buyers a tax credit of up to $8000, which does not need to be repaid. The original tax credit offered to first time buyers was more of an interest free loan; however recent changes have increased the tax credit as well as lifted the need to repay the money. "I am surprised that more first time home buyers are not taking advantage of this great opportunity," states Madelene Semeria a local Quincy Realtor working for Century 21 Abigail Adams.

The tax credit is applicable on the purchase of a primary residence on or after January 1^st, 2009 and before December 1^st, 2009. The credit is only offered to first time home buyers, which is identified as any purchaser (and purchase's spouse) who has either never owned a property or who has not owned a primary residence in the past 3 years prior to the purchase. This option opens up the opportunity to buyers who may have sold their property in the past and were unable to buy a home in the past few years when prices began to skyrocket. Applying for and receiving the credit is a seamless addition when filing your taxes, since it will simply be claimed on the tax return. It is suggested that first time home buyers consult a tax professional before applying for this tax credit.

While the tax credit available is up to $8000, or 10% of the home's value, some income limits do apply. For a married couple the combined income cannot exceed $150,000 in order to qualify. The availability of this tax credit is an outstanding opportunity for buyers. This additional money can be used to help furnish the new home or to make wanted improvements. First time home buyers should not miss out on their window of opportunity to receive this credit, which is truly a gift.

Current homeowners looking to make energy efficient improvements to their current property may also be eligible for a tax credit. An additional aspect of the stimulus bill includes a tax credit of 30% of the cost of the improvements, not to exceed $1500, for any energy efficient improvements. The type of improvements eligible for this credit include: energy efficient insulation, heating/cooling units, doors and windows. Again, it is recommended that you discuss these items with a tax professional in order to maximize your return. For more information on the current real estate market or for help buying a home in Quincy, contact Madelene Semeria at (617) 894-1124. You can also obtain additional information by visiting her website at www.Ma-HomesForSale.com. Madelene has worked in the local real estate market for the past 5 years and specializes in helping first time home buyers find their dream home.

South Shore Real Estate Company opens real estate school offering real estate salesperson pre-licensing courses to prepare you for a career in real estate.

Madelene Cheney (Red Door Real Estate) — Mon, 06 Apr 2009 09:46:20 -0700

(Norwell, MA). Abigail Adams Real Estate School is now open to enrollment of students for pre-licensing and continuing education classes at their Norwell, Quincy, and Marshfield locations. Classes commence Monday, January 5, 2009.

School director and owner, Jayne Magown, is an experienced broker licensed since 1979. She earned her Commonwealth of Massachusetts Instructors license in 2007. She is a member of the Plymouth and South Shore Association of Realtors where she serves on the Board of Directors and as Chair of Education to its 2480 members.

"After hearing so many stories from new licensees regarding the impersonal nature of listening to tapes or sitting in a room with 30 students, I immediately recognized a need for small classroom live instruction," said Director Jayne Magown. "Classes will be kept small in order to enhance the learning experience. With the failure rate now exceeding 50% on the State exam, smaller classes should provide the learning platform for many more to pass."

For more information on classes, please call 781.837.2832 or email: abigailadamsRES@aol.com.

Visit our website: http://www.abigailadamsrealestateschool.com/

Walk to it All. 2 BR, 2 Bath. Pet Friendly Condo Quincy MA - $219,900

Madelene Cheney (Red Door Real Estate) — Tue, 03 Mar 2009 21:04:14 -0800

The common real estate adage "Location, Location, Location" truly fits this condo, located in Mellen Bray Condominiums, Quincy MA. This complex is located just steps to Wollaston T, Hannaford's grocery and many local shops and restaurants. In addition to its location, Mellen Bray continues to be a desired complex by offering its residents a serene setting of landscaped courtyards and unique floor plans. This 2 bedroom 2 bath unit is a great opportunity for a first time buyer or anyone who is looking for a unit in true move in condition. This well maintained unit offers an open floor plan, fresh paint and an in-unit washer and dryer. As an additional benefit for buyers, Mellen Bray is one of the few pet friendly condo options in Quincy, MA.

10 Weston Ave Unit 105, Quincy, MA 02170 is offered by Madelene Semeria, Realtor for Century 21 Abigail Adams, Quincy, MA - 2 BR, 2 Bath priced at $219,900.

For More Information: http://www.Ma-HomesForSale.com/listings.html

To schedule a showing or for more information please call Madelene at (617) 894-1124.

Quincy MA great place to live near Boston and the South Shore

Madelene Cheney (Red Door Real Estate) — Sun, 25 Jan 2009 15:29:02 -0800

Quincy Ma, located just minutes from Boston, was ranked in the Top 100 Best Places to Live in 2008 by CNN Money Magazine. Quincy has always been a hot spot due to its close proximity to Boston as well as Quincy's local restaurants, public transportation and real estate options.

Quincy is an amazing town with rich history. Commonly referred to as the Birthplace of the American Dream or the City of Presidents. As a resident and real estate agent for Quincy MA, I am proud to be a part of city named by CNN Money as one of the best places to live in 2008.

Click Here to Read the Full Article: http://www.ma-homesforsale.com/Local_Info.html

Madelene Semeria is a Realtor with Century 21 Abigail Adams in Quincy MA. For More Information contact Madelene at (617) 894-1124

Sprawling 4 + BR, 2.5 Bath home - Weymouth, Ma. 21 Collins Circle Weymouth, MA $439,000

Madelene Cheney (Red Door Real Estate) — Wed, 10 Dec 2008 12:00:45 -0800

Links

Ma Homes For Sale Website

Photo Gallery

Open Kitchen	Bright Dining Area	Updated Bath
Large Bedrooms	Family Room w/Slider	Finished Basement
Cul-De-Sac Neighborhood

Description

Sprawling 4 bedroom ranch style home on secluded cul-de-sac just steps to new commuter rail. Bright open kitchen with large dining area and sliders leading to scenic backyard. Teen suite set-up currently used as family room with spa like bath and sliders to deck. Finished basement includes 2 additional bedrooms complete with walk in closets and recessed lighting throughout. Possible in-law suite. Oversized 2 car garage. Master bedroom with private bath. Endless storage in basement. Central A/C. Unique layout makes this home surprisingly spacious throughout. Great neighborhood and perfect location for commuters.

Features

Bedrooms:	6
Bathrooms:	2.5
Year Built:	1998
Lot Size:	15244
Garage Size:	2
School District:	Weymouth
Square Footage:	1883
Agent Name:	Madelene Semeria
Broker:	Century 21 Abigail Adams

Location

21 Collins Circle Weymouth MA 02190

vFlyer Id: 2094247

First Time Home Buyers Stimulate the Real Estate Market With The Help of Federal First Time Home Buyer Tax Credit

Madelene Cheney (Red Door Real Estate) — Wed, 10 Dec 2008 11:39:42 -0800

Despite the down market there are still buyers looking to purchase a home. The market is flooded with first time buyers. Many mortgage companies are still offering great first time buyer programs to entice first time homebuyers to make the jump to home ownership. Most of the loans that are getting approved still include FHA backed loans. Additionally, the federal first time homebuyer tax credit is a great benefit to buying before the end of 2008.

I recently listed a property in Quincy, MA. It is a solid 3 bedroom home for sale with room for expansion in the attic and a finished basement. The home, 3 Martell Road Quincy Ma is listed for $279,000. The location of the home is great for commuters. Young families can truly benefit from the location since 3 Martell Road is within the Bernazzani School District, which is one of the most desirable schools in Quincy, MA.

The home has only been listed for a short time but the majority of lookers are mainly first time home buyers. The past two weekends I conducted an open house at 3 Martell Road and had over 10 groups of people attend. In an average market, I would be jumping up and down about having 10 people show up at an open house. Now in the current economy, having 10 people, I was beyond ecstatic!

If you are looking for a home or know someone who is, let them know of this opportunity.

3 Martell Road Quincy Ma - $279,000

Home Sales increase but prices still drop

Madelene Cheney (Red Door Real Estate) — Tue, 16 Sep 2008 12:55:56 -0700

Home sales have shown healthy increase in the past few months. According to the National Association of Realtors, existing home sales rose 3.1 percent from June to July, which is the third monthly sales increase this year. The rise was unexpected and had been forecasted to rise only 1.6 percent according to economists. This rise in home sales has provided hope that the bottom may be near and the toughest of times are now behind us.

Although the median price for a home continues to fall, there are signs that buyers are gaining confidence that the market is stabilizing. There are many buyers shopping for a home and hoping to take advantage of current "deals" on the market. The number of unsold homes on the market can be overwhelming for a buyer, which is why it is imperative to price your home correctly and truly market your home to stand out among the competition. Mortgage companies have tightened their belts as well, scrutinizing each loan in greater detail than in years past. Rising unemployment rates may still keep some buyers away but overall the market is looking up.

Current Market Data for Louisburg Square.

6 Units Currently for sale: List price range - $269,000 - $357,000. Average List Price: $300,913. Average Market Time: 162 days.

4 Units Sold: List price range - $272,000 - $292,500 - Average List Price: $293,675 - Average Sale Price: $283,625 - Average Market Time: 267.25

Confused about real estate terminology???

Madelene Cheney (Red Door Real Estate) — Sun, 17 Aug 2008 20:24:36 -0700

UNDERSTANDING REAL ESTATE TERMINOLOGY

Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.
For example, many buyers confuse the terms broker and salesperson. A broker is a properly licensed individual, or corporation, who serves as a special agent in the purchase and sale of real estate, a salesperson is an individual employed or associated by written agreement by the broker as an independent contractor. The salesperson facilitates the purchase or sale of real estate.
Once you decide to purchase, a salesperson will prepare a sales contract to present to the seller along with your earnest money deposit. The sales contract is the document through which the seller agrees to give possession and title of property to the buyer upon full payment of the purchase price and performance of agreed-upon conditions. The earnest money is a buyer's partial payment, as a show of good faith, to make the contract binding. Often, the earnest money is held in an escrow account. Escrow is the process by which money is held by a disinterested party until the terms of the escrow instructions are fulfilled.
After the buyer and seller have signed the contract, the buyer must obtain a mortgage note by presenting the contract to a mortgage lender. The note is the buyer's promise to pay the purchase price of the real estate in addition to a stated interest rate over a specified period of time. A mortgage lender places a lien on the property, or mortgage, and this secures the mortgage note.
The buyer pays interest money to the lender exchange for the use of money borrowed. Interest is usually referred to as APR or annual percentage rate. Interest is paid on the principle, the capital sum the buyer owes. Interest payments may be disguised in the form of points. Points are an up-front cost which may be paid by either the buyer or seller or both in conventional loans.
In general, there are two types of conventional loans that a buyer can obtain. A fixed rate loan has the same rate of interest for the life of the loan, usually 14 to 30 years. An adjustable rate loan or adjustable rate mortgage (ARM) provides a discounted initial rate, which changes after a set period of time. The rate can't exceed the interest rate cap or ceiling allowed on such loans for any one adjustment period. Some ARMs have a lifetime cap on interest. The buyer makes the loan and interest payments to the lender through amortization, the systematic payment and retirement of debt over a set period of time.
Once the contract has been signed and a mortgage note obtained, the buyer and seller must legally close the real estate transaction. The closing is a meeting where the buyer, seller and their attorneys review, sign and exchange the final documents. At the closing, the buyer receives the appraisal report, an estimate of the property's value with the appraiser's signature, certification and sporting documents. The buyer also receives the title and the deed. The title shows evidence of the buyer's ownership of the property while the deed legally transfers the title from the seller to the buyer. The final document the buyer receives at closing is a title insurance policy, insurance against the loss of the title if it's found to be imperfect.
Buyers should plan on a least four to twelve weeks for a typical real estate transaction. The process is difficult and at times, intimidating. A general understanding of real estate terminology and chronology of the transaction, however, will help any real estate novice to confidently buy his or her first home.

Quincy condo Fees - Louisburg Square, The Falls, Mellon Bray, Edgewater Place

Madelene Cheney (Red Door Real Estate) — Mon, 11 Aug 2008 13:21:41 -0700

Many condo unit owners question the condo fee and how their fee compares to other complexes in the area. Below is some information pertaining to the condo fee on similar complexes in Quincy. The condo fee for each of the complexes below include only the basic items: master insurance, landscaping, snow removal and water.

Louisburg Square Condo Fees: range from $284-$469. The condo fee averages $0.22 - $0.24 per square foot.

The Falls, located at 200 Falls Blvd. Unique complex, very similar to Louisburg with pool, clubhouse, pet friendly, wood burning fireplaces in every unit and outdoor parking lot: Averages $0.42 - $0.50 per square foot. $324 for a unit with 779 square feet and $575 for a unit with 1205 square feet

15 Bower Rd Condo Fees: This complex is consists of low-rise 3 story buildings and is also a pet friendly complex. $255 for a unit with 1028 square feet. The average condo fee is $0.25 per square foot which is comparable to that of Louisburg.

Edgewater Place located at 133 Commander Shea Blvd - This complex is a high-rise building that offers pool and outdoor parking. Averages $0.41 per square foot. $341 for a unit with 760 square feet.

Mellon Bray, located at 10 Weston Ave Condo Fees: This complex is an old mill that was converted to a condo complex. The complex is well maintained, pet friendly and has covered parking. Averages $0.23 - $0.25 per square foot. $268 for a unit with 1165 square feet.

Quincy condo sales, Louisburg Square condo Quincy Market Report

Madelene Cheney (Red Door Real Estate) — Wed, 06 Aug 2008 20:08:25 -0700

A common topic on everyone's mind these days is real estate. Talks of a declining market and possible recession has everyone on edge. But what does this mean to homeowners in Louisburg Square? The average sales price of condo units in Louisburg dropped 10% in 2007 from 2006. Research shows that the worst may be behind us, with 2008 sales prices estimated at a 1 - 2% drop from 2007. Buyers have access to a plethora of information through the internet and are well educated on current home values. Sellers have reacted to this by pricing their units slightly lower than years past in order to compete in today's market. Homeowners that are looking to sell their unit should also take into consideration that on average, the actual sale price of a unit will be 3% - 5% lower than the asking price.

"The market has seen an increase in buyer activity since the beginning of April, which is a positive sign that the market is ready to rebound," stated by Madelene Semeria resident of Louisburg Square and real estate agent for Century 21 Abigail Adams. Units that are currently on the market are experiencing a market time of 6 months. Sales in Louisburg have been stale over the past few months with the last sale occurring in Dec 2007. In the past three weeks, 2 units in our development have accepted offers to purchase and are scheduled to close by the end of May. Louisburg continues to be a desirable complex and the rest of 2008 looks bright!

Current Sales Data:

Number of Units Currently on the Market: 7

Median List Price for units currently on the market: $323,400

Sales History:

Median Sale Price 2007: $304,750

Median Sale Price 2006: $338,000

Median Sale Price for a 2 BR unit in 2007: $302,500

Median Sale Price for a 2 BR unit in 2006: $336,500

Median Price per Square Foot: $215 - $220

Information Provided By: Madelene Semeria real estate agent for Century 21 Abigail Adams.

Closing Costs - What to Expect

Madelene Cheney (Red Door Real Estate) — Fri, 06 Jun 2008 12:19:45 -0700

Many are taking advantage of this year's low mortgage rates to purchase a home. Pent up with excitement, many families, who have scrimped and saved for a down-payment, jump for joy when the mortgage lender finally approves their application. But, they should realize that there's a whole new set of expenses that must be covered before actually closing on the sale.

New homeowners are often taken aback by up-front closing costs such as mortgage and title insurance, attorney fees, recording fees and loan points, which can run into the thousands of dollars. But there is no need to be afraid of these charges. With a little background on their purpose and shrewd financial foresight, closings can be a breeze.

A lender's charge for processing the loan can be determined at the beginning of your buying process. Referred to as "points," these charges are expressed as a percentage of the total loan. For instance, three points are equal to 3 percent of the borrowed amount. "Points" can also become a tool for negotiation with the lender and seller. In a buyer's market, home sellers will often agree to pay mortgage fees in order to close a deal.

Title insurance can be a substantial expense. The policy covers any financial set-back caused by unforeseen defects in the purchased property and home. The one-time title fee, including search and examination, averages around $430 for a $100,000 home, but it's recommended that you check with a local title insurance agent ahead of time to effectively determine what you'll owe before closing.

Additional costs, such as attorney charges, and recording, transfer and inspection fees, can also be predicated ahead of time by the buyer. Most often pest and survey inspections, although included in the official closing statement, are conducted and paid for long before the closing date. However, buyers should consider them as additional up-front costs.

Some closing costs, such as "points," are fully tax deductible that tax year if you show proof of a separate lump sum payment. They are not deductible in a few cases when the loan is the result of re-financing rather than a home purchase. Application, appraisal, documentation and broker fees can not be deducted.

Some states require payment of property taxes at closing. In some instances, buyers and sellers are asked to put money into an escrow account that will cover any past and future tax obligations. Be sure to check with an attorney or real estate agent before the closing to determine your property tax commitments.

Also, be prepared to pay any assessments if buying a condominium or into an association-governed property. Fees for credit reports, notary public seals and assumptions, which includes the processing of official documents, may also arise.

Knowing what total closing costs will be before starting your home search can help you better understand what price range is right for you. In the end, the process of closing on a mortgage will be easier than you think, leaving more time to plan for your new home.

Spotting a good buy when buying a home

Madelene Cheney (Red Door Real Estate) — Mon, 02 Jun 2008 15:09:15 -0700

With talks for a declining real estate market many buyer are looking for the perfect house for a good buy

HOW TO SPOT A GOOD BUY

One of the most attractive features of a home is the price. Finding a home that will retain its value in today's market is vital. The real problem is figuring out whether that fixer-upper on one street is a better buy than the home in next-to-new condition two blocks away. That's why knowing what to look for before you buy can save you time, energy and money down the line.

The first step is figuring out what kind of house you need. A good buy is only a good buy if it meets your current and future living requirements. Before shopping for a home, decide how much space you and your family require. How many bedrooms, bathrooms? Is a family room necessary? Do you need a layout that will accommodate a lot of entertaining? Do you prefer a spacious or compact work space in the kitchen? If you have small children, can the house easily be childproofed?

Next, determine how much work is required to make the house you are considering livable. Make an honest assessment of your fix-it abilities. How much work are you willing to do or pay someone else to do? Do you have basic decorating, carpentry and plumbing skills? If you plan to learn as you go, make sure you have accurately determined what you are getting into. Ask an experienced friend, family member or your real estate agent for their opinion, and be sure to consider how much remodeling inconvenience the rest of the family can handle.

Unless you are ready and able to tackle a major remodel, look for a house or condominium that needs only cosmetic improvements. These include painting, wallpapering and replacing items like flooring, window treatments, bathroom and kitchen fixtures, light fixtures, cabinet and interior door hardware and appliances. Remember that even these simple changes can be costly if you have to make many of them.

Beware of improvements that seem easy enough at first glance buy may turn into major headaches and require a lot of money once you've moved in. Remodeled kitchens and bathrooms, changes to the floor plan, room additions and redesigned landscaping are examples of seemingly minor changes that can easily eat away the money you thought you saved by selecting a so-called "bargain priced" home. Of course, you may be perfectly willing to spend whatever money is needed to customize the house to match your tastes and needs.

Make sure major systems in the house are in good working condition. The furnace, air-conditioning and plumbing should be up to date, since repairs can be costly. Your agent can arrange to have a professional inspector determine whether the electrical wiring and any room additions are to code. Local utilities often offer free or low-cost inspections to tell you if the house is energy-efficient.

Look for a house with universally popular selling points. If you're impressed, the next buyer down the line is bound to be, too. For example, a roomy, modern east-to-clean kitchen is the best selling point a home can have. A house with only one bathroom is less desirable than a house with two or more. Many buyers expect at least three bedrooms, with a master bedroom that offers a feeling of privacy. Lots of storage space and closets, especially walk-in closets, will be a real selling point. Family rooms or "great rooms" also are desirable. On closer examination, a house that looks like a bargain may lack some of these key features.

Don't forget the old adage: location, location, location. Unless you're looking for a fixer-upper, the house should be in a condition that is comparable to other homes in the neighborhood. Avoid buying the biggest or fanciest home on the block. Consider the amount of traffic or noise. Homes located in a quiet area away from a busy street will command a higher price. Make sure the schools in your district have a reputation for quality education and safety. Nearby supermarkets, gas stations, restaurants and theaters also will make a location more desirable.

Good community facilities also add appeal; pools, athletic fields, community centers, libraries and hospitals all add to a neighborhood's value and desirability. Transportation needs also should be considered. Is local public transit available? How long are typical commutes to places of current and potential employment? Are there several alternate route? How close is a major airport? All of these can affect a home's pricing.

Consider the cost of living in a home. It's important to consider not only purchase price but the monthly cost of living in a home. Estimate your utility and maintenance costs. For example, will the house need to be painted on a regular basis and will you need to spend money maintaining a swimming pool? Ask your agent about the property tax rate and whether increases are anticipated. Will you have to pay special assessments for a homeowner's association? Consider the point in the life cycle of major household systems, such as the furnace, air conditioning, roof and kitchen appliances.

You can find a bargain! With the number of foreclosure homes and short sales rising, many homes are selling for lower than they have in years. My advice, "DO YOUR RESEARCH." Your first step should be to seek out a knowledgeable real estate agent with experience in the market areas where you wish to purchase a home. Your agent can help you locate those properties that truly are "bargains" and help find the home that most closely matches your desires and needs.

Spotting a good buy when buying a home

Madelene Cheney (Red Door Real Estate) — Mon, 02 Jun 2008 15:07:28 -0700

With talks for a declining real estate market many buyer are looking for the perfect house for a good buy

HOW TO SPOT A GOOD BUY

One of the most attracting features of a home is the price. Finding a home that will retain its value in today's market is vital. The real problem is figuring out whether that fixer-upper on one street is a better buy than the home in next-to-new condition two blocks away. That's why knowing what to look for before you buy can save you time, energy and money down the line.