GOOD NEWS FOR NEW ENGLAND AEROSPACE AND DEFENSE COMPANIES

Department of Defense contracts totaling almost $250 million were awarded to three New England technology companies including Sikorsky Aircraft Corp. of Stratford Conn., who got the biggest chunk of defense dollars for the procurement of UH-60M Black Hawk helicopters. iRobot Corp. received a contract of $30 million for “robotic systems and spare parts” for the U.S. Army.  iRobot Corp. is located in Bedford, Massachusetts and makes both defense and home robots. Raytheon Co., of Waltham, Massachusetts received a $22.4 million order for the supply of 53 ECP-6279 retrofit kits for installation aboard Navy F/A-18 E/F fighter jets and EA-18G electronic warfare aircraft.employment

What we need to remember is the more contracts we get, the more employment we have and the

Boston real estate market continues to grow and flourish.

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Malden Condo For Sale

Malden is a beautiful city in Middlesex County, MA. It is close to Downtown Boston in a hilly woodland area north of the Mystic River.

The population is approximately 60,000. This is a very family orientated town in fact, in 2009, Malden was named the “Best Place to Raise Your Kids” in Massachusetts by Bloomberg Businessweek.

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Looking for Luxury? Check These Condos Out.

648 Tremont Street, Boston.

Quality finished, outstanding designs and highly sought after! Two bedroom floor plans, duplexes and studios now have limited availability, Why? With professionally designed kitchens, marble bathrooms w/glass shower enclosures and river stone floors, laundry in units, gas fireplaces, parking and private decks and patios, what more could anyone want? Where? 648 Tremont Street, Boston. Ask your Realtor at Boston Luxe to take you to see these units while some are still available.

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QUESTIONS TO ASK THE CONDO BOARD BEFORE BUYING THAT NEW CONDO


Boston Condos

More and more people are considering buying a condo in an established condo community or in one of the new condominium complexes going up everywhere and especially the beautiful new luxury condo communities in Boston. Those potential buyers need to check out, along with their Realtor, some important information prior to making that offer.  Remember that your Realtor also has many answers concerning condo purchasing and what to look for, and what to look out for.

Ask these 10 questions of the Condo Board:

1    How many of the total units are owner occupied compared to renter occupied?
In most cases, the more owner occupied units there are the more marketable the units are and you will find lenders are happier to get involved in the financing.

2    Get a copy of the CC&Rs which govern the property. Read it over, or have your Realtor go over it with you so you understand what you can and cannot do as a homeowner.
For example in some condo complexes, you might not be able to rent out your unit if you want.

3    Find out about the general expenses for the complex and ask the board how much money it keeps in reserve for emergencies. Is that money invested or in the bank or what?

4    Are the association assessments keeping pace with the annual rate of inflation?
Assessments are usually adjusted at least once a year. Your Realtor can look at the assessments and see how they compare to other rates in the area.

5    Find out what does and what doesn’t the assessments cover? Example: Do the assessments cover the common area maintenance, trash collection, and other normal upkeep costs?

6    Have there been any special assessments in the last few years, if this is an older condo complex?  Have there been repeated special assessments? What for?

7    Is there a large turnover occuring in the complex and why? You might want to talk to some residents and get their opinion of how the complex is managed.

8    Is there any litigation going on with the complex and with who, and for what?

9    If this is a new condo community, how does the construction look and is the developer reputable? Again, you might want to talk to a resident and get their opinion.

10    Is the complex or community part of an umbel la corporation, where there are sub corporations under it? Who is the management company or is it self managed and how is the Board of Directors appointed or how do they get their jobs on the board?

Your local Boston Realtor can help you with any questions and research anything you want to research. The new condo communities in Boston are all wonderful with the best in construction and management. Your Buyers agent, or Realtor, is always there to help out and if he or she can’t answer your questions, he/she will find out the answer for you. Get the CC&Rs and go through them carefully with your Realtor, or an attorney, and then if everything looks good..GO FOR IT!

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Seller’s Disclosures

It’s nice to not say much when people are going through your home open house. Not disclosing some items however can end up being very costly.

It is always wise to let the  Boston Realtor do most of the talking. Sometimes that’s impossible.  Big items and little items must be disclosed if it affects the value or desirability of the property. There some problems that are considered a higher priority. Remember that the laws vary from state to state. Keep in mind that even if you advertise a property to sell “as is”, the state’s laws must be obeyed.

Here are six items that are very important to disclose.
1    Any and all repairs need to be taken care of PERIOD! Be honest about the ones taken care of and those that will need attention.
2    Any Termite Problems, especially if the home has had past termite problems.
3    Any water damage and or mold or mildew problems.
4    Any lead materials on the property.
5    Natural Hazards.
6    An Infamous Past history must be reported.

Here is the bottom line: If there’s a question in your mind about whether or not you should disclose something, you probably should. Disclosed issues can merely become a point of negotiation between buyer and seller.

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Americans More Confident in Housing Recovery

According to Christine Harvey of Bloomberg,  Prudental real estate conducted a survey and the results showed a real optimism in the American consumer.

  • 60% of people surveyed last month had positive views about the housing market.
  • 70% expected property values to improve over the next two years, according to the survey released today. About
  • 63% percent of respondents said they considered real estate a good investment, up from 52 percent last year.
  • 90% + said the housing crisis is a reminder they must be more cautious in buying and selling property.
  • 80 % said home ownership is important to them,
  • 15% said the economic downturn made owning a home less important.

Stephen Van Anden, chief marketing officer for Prudential Real Estate, stated that “This is the second consecutive year consumer confidence in housing has improved, signaling the property market may “finally be climbing out of its deep hole”.

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South End Redevelopment: The “Ink Block” Begins

Redevelopment is happening even faster than city officials and residents have hoped for in the South End as Harrison and Albany National Development has officially made the announcement that it will at demolish the old Boston Herald headquarters. In its place will be four new buildings with 475 one-to three-bedroom apartments plus 85,000 square feet of retail space which will include small shops, restaurants and a grocery store. All this is being designed by the architectural firm of Elkus Manfredi.

Proposed Ink Block Project

This is only the beginning of what is promised to be a revival of the entire area between Chinatown and South end proper. This entire area will eventually be comprised of more than 1,000 new units of housing and dozens of new storefronts and be called “Ink Block”

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