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Richard Rosa's Advice

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  • 16 Contributions
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Richard Rosa wrote:

Buyer Agent Commission Rebate

Response
The U.S. Justice Department Web site: http://www.justice.gov/atr/public/real_estate/rebates.html"How do rebates work?Some real estate brokers offer consumers cash refunds or non-cash incentives to encourage them to use that broker's services. Rebates are typically cash payments from the real estate broker to his or her client after closing. Incentives may include gift certificates, closing-cost payments, or free ancillary services such as home inspections or moving services."The above reads, "after closing." There isn't any mention of paying after closing being an issue. Does someone have a specific opinion from a state or federal authority requiring rebates be on the HUD-Settlement Statement?
June 29
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Should I use an Exclusive Buyer Agent ?

Response
I suggest you go to the National Association of Exclusive Buyer Agents Web site to learn more about using an agent (and everyone in that agent's office too) that is only working for you. Finding an agent that is 100% loyal, 100% of the time will be the best home-buying decision you make. Good luck!
February 12 2012
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Can anyone buy a foreclosure or is there a special license needed?

Answer
Anyone can buy a foreclosure; however, having an experienced exclusive buyer agent guide you through the process is highly recommended. Far too many consumers believe foreclosed homes must be good deals. That could not be further from the truth. In fact, many foreclosures are extremely overpriced.- Rich Rosa[Link removed by moderator]
May 15 2011
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21 Pleasant St Groveland,Ma

Answer
At the bottom of this page is a link called "Zestimate® Values & Accuracy." Zillow doesn't claim that its estimates are accurate. I always advise clients not to rely on such "Zestimates." An experienced real estate agent can provide a more accurate market analysis.   
March 08 2011
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how much could I rent my house for: 35 Oakwood ave Billerica, MA 01821

Answer
Hi, I do not handle rental listings, but you can take a look at some other rentals in Billerica on the MLS HERE.Good luck.- Rich Rosahttp://www.buyersbrokersonly.com/rosa.htm
February 11 2011
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Real Estate Attorney for Land Encroachment/Boundary Dispute

Answer
Attorney Michael Furlong 978.409.6161. You can tell him Rich Rosa referred you. He's in Andover, MA. Good luck.
October 18 2010
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Fannie Mae Announces New Incentives for HomePath Properties

Response
Of course real estate professionals that want to maintain their objectivity and allegiance to their clients should disclose the fact that a bonus is available before making an offer on behalf of clients. In addition, rebating part or all of the bonus to the home buyer is a good idea too.
September 24 2010
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Foreclosure Deeds Up, Foreclosure Petitions Down in Massachusetts
Recent foreclosures activity in Massachusetts [link removed by moderator]  shows that foreclosure deeds, the final step in the foreclosure process, increased in July; however, foreclosure petitions, the first step in the foreclosure process, decreased in July 2010. Could this be a signal that foreclosures in Massachusetts are beginning to wind down? Or do you think foreclosure activity will continue over the next 12-18 months and there will be plenty of for bargain hunters?
September 01 2010
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Haverhill, MA Home Sales, Median Price Increase Q2 2010
The median home price and sales of single family homes and condominiums in Haverhill, Massachusetts increased in the second quarter of 2010, according to multiple listing service data.The median price of single-family homes in Haverhill, MA increased by 6.8 percent, or $17,000, compared to the second quarter of 2009. Sales of single-family homes also increased in Q2 2010, rising 20 percent compared to that same time period last year.Condominiums in Haverhill, MA followed a similar pattern. The median price of condominiums rose 8.2 percent in Q2 of 2010 compared to Q2 of 2009, a difference of $12,500. Like single-family home sales, condominium sales increased, rising 34 percent compared to the second quarter of 2009.Are these positive numbers only the result of the home buyer tax credit, or is the market in Haverhill, MA starting to turn around?Haverhill, MA Real Estate DataYear / Median Price / SalesSingle Family2009 - $250,000      852010 - $267,000     102Condominium2009 - $152,500      532010 - $165,000      71Multi-Family2009 - $157,500      422010 - $152,910      39Search for Haverhill, MA real estate.
August 16 2010
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Haverhill, MA Single-family Home Sales, Prices Up Q1
Both median home prices and sales of single-family homes increased in the first quarter of 2010 in Haverhill, Massachusetts.The real estate data come from MLS Property Information Network, Inc.In the first quarter of 2010 the median price of single-family homes in Haverhill, MA increased by $100. Sales of single-family homes also increased January through March, increasing 23.6 percent compared to Q1 in 2009.   Although it is only a modest gain in the median home price, this hints that the Haverhhill real estate market may be stabilizing after years of decreasing home prices. The home buyer tax credit and extremely low mortgage interest rates have certainly helped move the real estate market in Haverhill.Single-family homes were not the only homes to see increases in both median price and sales in Haverhill, MA as condominiums boasted a gain of $21,000 or 15 percent in median price, and also saw an increase of 20.4 percent in sales. Multi-family properties did not fair as well. The median multi-family home price declined 2.5 percent and sales dropped 9.4 percent.
May 23 2010
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