Flowers Grace The City of Boston

Nothing is more satisfying, after hard winter as we have had, to enjoy the beauty of colorful flowers. We should be planning our spring and early summer landscape. Besides our personal enjoyment, this is what makes our homes have beautiful curb appeal. And if you plan to put your Boston home on the real estate market, this is a must.

Tulips in Boston Common

Tulips in Boston Commonflowers2

Relax and Enjoy the Beauty

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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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Good News for Boston Real Estate

We heard some great news from Wells Fargo last week. It seems that they have lowered their standards on the public’s FICO scores. It will now be possible to qualify for a mortgage loan with a FICO score of 600. Of course that is if all your other financials are in order. image

Tom Goyda, a bank spokesman said, “The goal is to increase access to credit, especially for low- and moderate- income borrowers and first-time home buyers.” He continued, “These are fully underwritten, fully documented loans, consistent with FHA program guidelines and responsible lending principles.”

There is no doubt that other lending institutions will follow suit, easing up the mortgage loan business a little. We know one thing this will give another small boost to the Boston Real Estate Market.

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Planning Council Makes a Housing Prediction

As most of you are aware the Boston area is already a very expensive city to rent an apartment or to purchase condominium or loft. The facts are this situation will not change in the future. But as we all know the expense is worth it to be able reside in such a wonderful city.

councilIn a new report, the Metropolitan Area Planning Council suggests that the Boston area will need 435,000 new apartments, condominiums and homes over the next quarter century. To put this is perspective that is enough to house the entire city of 2014 Boston.

On a positive note we will need a tremendous amount of construction in our beautiful city to fill the need for housing. This means jobs for the construction workers and also their support industries and of course the Real Estate Market. This is a great windfall for our entire city.

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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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2014 Officers & Directors Installed for The Greater Boston Association of REALTORS®

At the meeting of the The Greater Boston Association of REALTORS® (GBAR) at the Boston University School of Management, the seventeen member board were installedgbar for the year 2014.

GBAR is the largest local REALTOR® association both in Massachusetts and New England with a membership over 6,700 residential real estate professionals in over 800 offices throughout metropolitan Boston. This is the local chapter of the Massachusetts and National Associations of REALTORS®.

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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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Trends in Real Estate 2014

According to the Urban Land Institute’s “Trends in Real Estate 2014 Report”, there will be some main changes in the real estate market in 2014. The biggest change will be the shift from investing in residential real estate to commercial real estate. And within the commercial market you will see that warehouse complexes with the most growth and retail properties to see the least growth.

As in 2013 you will see Apartments building in demand as the young professionals prefer renting over buying.

 

 

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Bradley Marchand Purchases Boston Condo

Boston-Bruins-Brad-MarchandA seven-room, 3,500-square-foot condo at 357 Commercial St. on Lincoln Wharf, is the new home of  Bradley Marchand, the 25-year-old left wing for the Boston Bruins.

This beautiful Boston condo features a gourmet kitchen and dining room which sports a view of the tree-lined 35-foot deck. The living area is divided into a formal living room and a family room.

Each bedroom has a cathedral ceilings and en suite baths. The unit also boasts sweeping views of downtown and the harbor.cbk

 

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