It is a go for Tom Brady and Gisele Bundchen’s New Mansion

ap_people_brady_bundchen
According to Laura Raposa at The Herald, Tom Brady and Gisele Bundchen are still going through the red tape and permissions to build a 7,465-square-foot main house; a 1,675-square-foot cottage for the help; and a 1,342-square-foot yoga studio in Brookline’s slice of Chestnut Hill. It seems they still need a waiver on the Yoga studio as their is a 150-square-foot limit on so-called accessory buildings.

Architect’s rendering of the Proposed Tom Brady and Gisele Bundchen’s
new Chestnut Hill castle in Brookline MA. brady11-thumb

 

 

 

 

 

 

 

It seems all that stands in their way now are the neighbors and of course the
zoning commission. If all is approved,  it will all be a go, with of course some modifications.

 

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What is the Difference Between a House Inspector and an Appraiser.

boston-inspectionAn inspector is usually a building contractor or specialist. They should be hired by the purchaser to “inspect” the structure, plumbing, electrical and roofing to insure that the house being purchased is in good working and safe condition. Any defects must be disclosed and or repaired.

An appraiser is licensed under the state real estate commission and inspects appraiserand evaluates the house and property that is to be purchased for the Lender. This is done by measuring the square footage, while taking into consideration special features of the home and then using comparable sales of the same type of house or condo in a similar neighborhood to come up with the true value.  This is the final word on the true value of the property and will determine the loan amount of the mortgage.

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Living the Good Life in a Boston Condo

adPicture yourself snuggled up in front of your fireplace in your new Boston Condo. It can all be all yours. Start your search now by contacting Boston Luxe Real Estate.

These  Realtors will assist you in your search for your new home be it a Luxury condominium, townhouse or single family home.

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Boston is Named Coziest City To Live

Honeywell Infrared Heaters, in partnership with the environmental consulting company Environmental Health & Engineering did a study to find out just what cozycities are  the coziest in the Nation.
Dr. Ted Myatt, ScD, Environmental Health & Engineering said they believe coziness is defined by a city’s overall comfort, ambiance and accessibility.

The criteria ranged from

  • Fireplace and portable heaters usage
  • Access to parks
  • Overall walk-ability to restaurants and coffee shops per capita,
  • Stressful lifestyle scores and
  • Historical ambiance.

Based on this profile, below is a list of the top ten coziest U.S. cities:

 1.    Boston/Cambridge, Mass.
2.    San Francisco, Calif.
3.    Santa Fe, N.M.
4.    Washington, D.C.
5.    Portland, Ore.
6.    Seattle, Wash.
7.    Baltimore, Md.
8.    Providence, R.I.
9.    New Orleans, La.
10. Savannah, Ga.

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Once Again Real Estate Proved to be the Best Investment

valueAs we begin 2014, we can look forward to a total rebound from the Great recession.
According to Zillow, in 2005 real estate values peaked at $604 billion and then bottomed out of $502 billion in 2011. But by the end of 2013 values had climbed back to $568 billion.  So Look out 2014!

 

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I am Relocating: How are Real Estate Transactions handled in Boston?

Of course the first step is to have one of our experienced Boston Realtors help you find the property of your dreams. Once you find the property, then you make your legal offer and before you know it,your will be at closing. In Massachusetts, thus in Boston, the sale of all property is handled by real estate attorneys. Your Boston Luxe Realtor can refer you to an experienced firm.

closingAt closing the buyers and sellers, their attorneys and agents as well as the lender’s attorney are all present. At this time, the funds deposited are usually handled by the listing broker or the seller’s attorney and are held in an “escrow” account. Sometimes the buyer’s broker or buyer’s attorney may hold the deposit. These deposits are accounted for at closing and the buyers receive  credit on the closing settlement statement.

 

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Kevin Garnet Selling His Home in Concord

garnett_kevin_400Kevin Garnet is moving on. On to New York that is. On to the Brooklyn Nets and a new home. Garnett’s contemporary estate sits on a secluded 12-acre parcel overlooking a pond in Concord MA, but it’s the sleek elegance of the 11,000-square-foot house that will catch the eye of anyone capable of shelling out $4.85 million, which is what the 37-year-old Garnett and wife  is asking.8C9403599-kevin-garnetts-home.blocks_desktop_small

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Cash Buyers Putting ‘Squeeze’ On Boston Real Estate Buyers

Cash Buyers Putting ‘Squeeze’ On Boston Real Estate Buyers

MOneyApparently all cash buyers are putting the squeeze on normal real estate buyers. 40% of all the condos sold in Massachusetts in April did not involve any financing or mortgage. A quarter of all home sales also did not involve a mortgage or financing. There are many factors involved such as those people who in the past would normally be out of their parents homes are still not moved out yet due to the bad job market and can’t afford to pay a mortgage and the first time buyers are finding that they cant afford prices that are rising in today’s real estate market. Rents are rising right along with home prices. In Brighton, there was an 11.6% jump in rents in June compared to one year ago. Maybe those who are still living at home with mom and dad should look at the brighter side; at least they don’t have a mortgage loan that is higher than what the property is worth. It is apparent that many of the all cash buyers are foreign investors, and many of the new all cash buyers are the mover-uppers who are discovering that in today’s market, they can get their wanted price when selling, allowing them to put a substantial amount down when they turn around and purchase their new “move up” home.

You can read the entire article in the Boston Real Estate Now Blog,  visit www.boston.com/realestate.

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Hints on Purchasing Your Boston Home

employmentIn days gone by you didn’t really need a lot of skills to search for a home. Your agent could find one that met your needs or you might drive by a home with a 4-sale sign and then check it out. You also needed to be able to negotiate price, as your real estate agent was more valuable for looking and searching and not much more. Today, even though your Boston Realtor does much more to help you in all aspects, there are still skills you need to be able to deal with any real estate transaction.

1  Self Control-As the home buyer, you must be able to make the final decision of what you are going to spend, according to your preset budget and plan, even if your agent wants you to go higher for some reason, you must maintain self control so you don’t over extend your finances. You might find out that you have to not aim for 3 or 4 bedrooms, and accept buying a Boston home in another of the wonderful Boston  neighborhoods or town.

325 Boylston Street

325 Boylston Street

2  Math-To be able to have self control, and control your spending, you must be able to understand what you can and cannot afford. Sit down with your spouse and go over every single expense and your total monthly income and decide what you can realistically afford to put down on a new home. Closing costs, and any move in expense has to be considered also. Take all of the figures to your mortgage loan professional and ask their opinion on what types of mortgage loans and payments you can afford.
Then talk to your Boston Realtor or Broker and decide where you can afford to search for a home.

3  Listen-Home buyers are constantly complaining that their agents are not listening when they express what they want in a home. The agent keeps showing me 4 bedroom homes, or condos, when I only want a 3 bedroom single family home. Or, the agent shows a buyer a home selling for more than they want to spend or can afford. Like the agent you must listen carefully to the information being fed back to you from the Realtor or agent, and not just ‘hear’ what fits into your overall wish list or dream list. Many people shut out information that they really don’t want to hear being afraid that by facing the truth, they will have to lower their expectations on what they can afford to buy.

4  Discernment-Discernment is the skill of being able to pick out what is useful, wise, right and important and being able to discard or disregard the rest of the noise. Today, our little worlds are full of noise coming from every direction. You hear what homeowners are saying about their particular mortgages, or houses, the news, the commentaries on radio and TV, etc. Turn it all off. You might need to exercise vigilance against allowing all that noise to spark panic, fear, paralysis or even over-optimism, over-confidence and over-spending.

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