Profile picture for Scott Nelson

Scott Nelson's Advice

Contributions are sorted newest to oldest.

  • 212 Contributions
  • 2 Best Answers
  • 13 Helpful

Scott Nelson wrote:

What is the average lease price per square ft of industrial land I should pay in Milford,MA.?

Answer
You should probably contact one of the local real estate companies in Milford. There are alot of variables involved. Someone with the local expertise can help you most. There are some wonderful real estate professionals here on Zillow that would more than likely be glad to assist you.
April 04 2011
(0)

I refinanced my home and now it is listed as sold for 1 dollar on zillow. This is misleading....

Answer
No one that looks at the info will think that. They'll recognize that it was a refinance. That's what they're recorded as.
January 01 2011
(0)

I sold my house and 3 weeks later my R.E. lawyer told me I got $14,750 in overage & he wants it back

Answer
Also more than likely as part of the closing the buyer & seller each sign a document stating that in the case of a paperwork error both parties agree to work together to right the situation. But I do agree with the previous post. Consult with your CPA or another attorney to review the HUD closing worksheet given to you at the closing and the new "corrected" one for comparison.
December 17 2010
(0)

The relationship between a tenancy-at-will agreement and a new landlord

Answer
You should also check the copy of your current agreement & possibly have it reviewed by an attorney. Massachusetts is a very pro-tenant state. You have to conform to all the steps along the way & make sure to send registered, return receipt request mail & notices to them. 30 days might be tough if they decide to contest it or if there are children, the elderly or infirm in the property. 60-90 days I've seen in those cases but sometimes it can get strung out with court appearances, mediation & judicial action to up to 6-9 months. Are you sure you want them out in the winter when it's a bit tougher to find new tenants or occupy the property yourself? These are all things you can review with a real estate attorney.
November 27 2010
(0)

Selling and Buying Using Retirement Funds!

Answer
You should consult your tax preparer/CPA or real estate attorney to review your situation as well as a mortgage professional to go over your short term plans & longer term plans as to which product to use as well as the guidelines for each mortgage program. If you use the wrong IRA you could get into some tax issues. Best to hear from an authority that's also knowledgeable about your personal business. Also you'll want to find out what the market is like for the current property you'll be looking to either sell or rent out & how that would affect your timeline for what you're looking to do.Hope that helps,
November 21 2010
(0)

Do you see home buyers shying away from SHORT SALES?

Response
In a word - ABSOLUTELY!!! Most buyers I've been involved with were initially interested but due to the unfair & uneven responses of the lenders most all are now avoiding them like the plague. It's really the lenders own fault for this response. They don't want to negotiate in good faith, too often "lose paperwork" and arbitrarily come up with obstacles that the buyer or seller cannot overcome.
November 14 2010
(0)

I have listed my home for sale on Zillow. It was just sold. How do I remove the "For Sales" status o

Answer
It should catch up shortly, depends on where the feed to Zillow is coming from. Alot of agents/brokers are using extra syndication options and sometimes those take a little bit for the information to update fully. You can click on the link to the "more info" and see where it's coming from and inform your agent/broker to clear it up.Hope that helps,
November 08 2010
(0)

Why would the three houses on a private street change prices differently?

Answer
It would depend upon multiple factors, styles, lot size, locations, views, sales data, assessment changes/abatements, improvements recognized through building permits, owner claiming their property and adjusting the "facts" & details of their property to better reflect their condition. Mature plantings, curb appeal, lot situation, lot descriptions, parking, utility upgrades etc. It's a complex mathematical computation these automatic valuation models use. For appraisals & market analysis purposes it's as much science & numbers as it is also an art to finding like properties to compare to. Even slight differences can make a big differences at times.Some towns use the last sale price as the new assessment, others take different approaches. Your town assessors office can explain their methodology.Hope that helps,
November 06 2010
(0)

The pictures of my house are 3 years old and completely outdated. The home has been completely reno

Answer
The pictures are either supplied by Google Street View, Google Earth, Bing or from past MLS postings. You can report this to Google & Bing & see when their satellite & street view will be coming back. They've been averaging around 36-60 months depending on the location. Eric & Jen are right though, you can always claim your property & upload nice new pics to show & just await Google & Bing to update their coverage as time progresses.
November 02 2010
(0)

Bad Condo Association, Mortgage already underwater. What to do?

Answer
I absolutely agree with Pat, you need to talk to an attorney ASAP to explore your legal options. Especially if water is leaking into your unit before the situation gets worse.
October 28 2010
(0)