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Meet Your Mattapan, Hyde Park & Roxbury Real Estate Expert

Denisha McDonald is your local real estate specialist for Roxbury, Dorchester, Mattapan and Hyde Park areas. She has a deep understanding of the community, it’s people and the real estate in these particular neighborhoods. Watch Denisha’s short introduction video!

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What Does It Cost To Live In Randolph?

Want to know what’s happening with Randolph home sales and rentals?

Here are Randolph’s multifamily sales and rental market statistics over the last 6 months.

Total Multi-Family Listings SOLD: 6

Average Living Area by Square Feet: 3,174.00

Average Listing Price: $471,735

Average DOM (Days on Market): 14.87 Days

Average Sales Price: $495,680

Average Rent for 1 Bedroom Units: $1,300

Average Rent for 2 Bedroom Units: $1,658

Average Rent for 3 Bedroom Units: $2,121

Average Rent for 4 Bedroom Units: $2,350

Want to see sales data for another local area?

I Want To Know My Home’s Value!

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Avoid These Financial Sins When Applying For a Mortgage

If you are planning to buy a home soon, make sure that you are aware of all the factors that can affect your ability to qualify for a mortgage approval. Many people think it is as easy as walking into a bank and saying ” I want to buy a home.” Banks are in the business of lending and making money… they need to ensure you are financially responsible and able to repay possibly the most money you have borrowed to date. To allow for a higher probability for an approval and the best terms, follow these 10 home buying commandments.

Thou shalt not change jobs, become self-employed, or quit your job.

Changing jobs resets the clock. You need 2 years of full time employment or employment within the same field to be a god candidate for a mortgage. Any sudden changes raises a red flag. 

Thou shalt not buy a car, truck, or van.

Do not incur any additional debt when you plan to purchase a home. This not only affects your debt-to-income ratio, it also affects your credit score. You essentially just borrowed against your home loan. BAD IDEA

Thou shalt not use credit cards excessively.

I think this is a no brainer but again, do not incur any additonal debt. It shows that you are not responsible financially.

Thou shalt not miss payments.

Your credit score is made up of history of payments. If you show lenders you cannot repay your current debt… do you think they are more or less likely to approve you to take on more debt?

Thou shalt not spend money you have set aside for down payment and closing costs.

Purchasing a home is expensive, let’s be honest. Do not spend ANY money until you have keys to yout new place. There are usually surprise costs so be prepared. 

Thou shalt not buy furniture.

Again, NO SHOPPING until you are the legal owner of the property.

Thou shalt not originate any inquires into your credit.

Do not apply for any other credit, loans etc until AFTER you own your home. Inquiries raise red flags.

Thou shalt not make large deposits without checking with your loan officer.

EVERY DOLLAR needs to be accounted for. Do not make deposits or large withdrawals from your account without checking with your loan officer. They can advise on what to do, how to “source” your money etc. This goes back to money laundering, they need to ensure it is your money and not someone using you to “clean” their money.

Thou shalt not change bank accounts.

DO NOT CHANGE ANYTHING that affects your finances in any way until you take ownership of the home. 

Thou shalt not co-sign a loan for anyone.

DO NOT and i repeat DO NOT co-sign for anyone for anything. I have 2 kids and I already let them know… I will not be co-signing for student loans, car loans, nothing. If they laps on payment, it affects your credit score. Their debt also becomes your debt and impacts your debt-to-income ratio.

 

I hope these commandments help you as you start thinking of purchasing a home. Check back on our site for more information on how to make yourself the best candidate for a mortgage approval. 

Email us your questions and we will create a blog post on them to assist others searching for the same information. CONTACT@MANDRELLCO.COM

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Are you in the market to buy, rent or sell property in South End? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Condos in the area. All these number reflect what’s taken place over the last 6 months.

Condominium Listings
Total Condos SOLD: 251
Average Living Area by Square Feet: 1,148.33
Average Listing Price: $1,026,012
Average DOM (Days on Market):  36.49
Average Sales Price: $1,040,665

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Are you in the market to buy, rent or sell property in Jamaica Plain? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Multifamily properties in the area. All these numbers reflect what’s taken place over the last 6 months.

Multifamily Listings
Total Multifamily Buildings SOLD: 19
Average Living Area by Square Feet: 3,442.79
Average Listing Price: $1,053,368
Average DOM (Days on Market):  46.95
Average Sales Price: $1,038,290

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Are you in the market to buy, rent or sell property in Brighton? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Condos in the area. All these number reflect what’s taken place over the last 6 months.

Condominium Listings
Total Condos SOLD: 93
Average Living Area by Square Feet: 869.96
Average Listing Price: $436,205
Average DOM (Days on Market): 29.59
Average Sales Price: $438,291

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Are you in the market to buy, rent or sell property in West Roxbury? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily and Condos in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 85
Average Living Area by Square Feet: 1,721.19
Average Listing Price: $539,540
Average DOM (Days on Market):  49.16
Average Sales Price: $540,895

Condominium Listings
Total Condos SOLD: 59
Average Living Area by Square Feet: 1,118.38
Average Listing Price: $348,744
Average DOM (Days on Market): 62.66
Average Sales Price: $344,178

Multifamily Listings
Total Multifamily Buildings SOLD: 3
Average Living Area by Square Feet: 2,106.00
Average Listing Price: $561,300
Average DOM (Days on Market):  38.00
Average Sales Price: $550,000
 

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Are you in the market to buy, rent or sell property in East Boston? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily, Condos and Rentals in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 10
Average Living Area by Square Feet: 1,540.70
Average Listing Price: $430,460
Average DOM (Days on Market):  62.30
Average Sales Price: $414,100

Condominium Listings
Total Condos SOLD: 53
Average Living Area by Square Feet: 980.87
Average Listing Price: $357,845
Average DOM (Days on Market): 51.49
Average Sales Price: $356,586

Multifamily Listings
Total Multifamily Buildings SOLD: 36
Average Living Area by Square Feet: 2,602.06
Average Listing Price: $609,300
Average DOM (Days on Market): 64.14
Average Sales Price: $599,417

Rental Stats
Average Rent for 1 Bedroom Units: $0
Average Rent for 2 Bedroom Units: $$1,881
Average Rent for 3 Bedroom Units: $2,330
Average Rent for 4 Bedroom Units: $2,650

 

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Are you in the market to buy, rent or sell property in Hyde Park? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily, Condos and Rentals in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 55
Average Living Area by Square Feet: 1,682.43
Average Listing Price: $381,615
Average DOM (Days on Market): 75.85
Average Sales Price: $375,956

Condominium Listings
Total Condos SOLD: 13
Average Living Area by Square Feet: 1,233.08
Average Listing Price: $265,515
Average DOM (Days on Market):   75.23
Average Sales Price: $254,962

Multifamily Listings
Total Multifamily Buildings SOLD: 24
Average Living Area by Square Feet: 2,790.71
Average Listing Price: $484,217
Average DOM (Days on Market):  89.17
Average Sales Price: $475,537

Rental Stats
Average Rent for 1 Bedroom Units: $1,175
Average Rent for 2 Bedroom Units: $1,598
Average Rent for 3 Bedroom Units: $1,907
Average Rent for 4 Bedroom Units: $2,200

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve! Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Start Building Credit While You Are Young

Breaking-Down-Your-Credit-Score-mortgage-infographic

At The Mandrell Company, we are firm believers in educating our clients so they make wise financial decisions. These decisions go beyond purchasing a home but truly building a foundation on how to grow wealth. We found this infographic (source: MGIC Connects) and wanted to share this statistic that over 74% of college students do not know their credit score. Again, this is something that is not taught in school but we should all review our credit report at least Bi-Annually. Credit Karma is a free service, and although it does not provide your FICO score, it can be a great tool to monitor your credit so you have an idea of where you stand. 

Credit impacts your purchasing power and unknown to many, it can also affect your hiring status for a new job. You may be wondering why… well… some careers that require you to work with money or others’ finances want to ensure you are also financially responsible. Their goal is to limit their liability so it makes sense to hire a candidate with a strong history of being financially responsible.

Are you a Greater Boston college student interested in building credit and truly paving the way for when you enter the real world? The world of “adulting” with rental applications, car loan application and mortgages, can be stressful but we would love to point you in the right direction to increase your chance of success.

Please contact me to schedule FREE seminars on your campus. 

I look forward to speaking with you!

Denisha

Denisha@MandrellCo.com  |   617-982-3337

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On December 12th, Fannie Mae will go live with their HomeReady program aimed at credit-worthy buyers who need a little extra flexibility on the debt to income ratios, down-payment source and monthly mortgage payment verification after purchase. 

A crucial part of mortgage underwriting is evaluating your debt-to-income ratio. With student loans, car payments, entry level job salary, lenders may view your debt as too high and only count the loan applicants income. With the new program, Fannie Mae will also consider the income of anyone living in the home as “non-borrower” contributors, or parents who help pay your mortgage or gift you the down payment. 

With the ever changing dynamics of a traditional home, lenders understand that many homes consist of extended and blended families which makes it hard to qualify if you have people assisting with the bills but no real way to document it. Twenty-five percent of Hispanic homes are multi-generational, 20 percent of African Americans and 17 percent of Asians. The traditional home is no longer mom, dad and children.

To help bridge the gap, the HomeReady program offers the following:

  • Down payments as low as 3%
  •  No minimum contribution from you toward the down payment on a single family home purchase
  • You can add income of one or more household residents to strengthen your income qualification but not be considered borrowers on the loan.
  • When non-occupants are part of the picture, the minimum down payment increases to 5%
  • The Program allows you to count income from in-house boarders (someone who rents a room)
  • Everyone who qualifies for the program will need to complete an online home- purchase education course.

The new program is set to take effect on December 12th but feel free to reach out to us and be connected to a lender who already understands the program and can help you get pre-approved today!

Email us for inquiries at Contact@MandrellCo.com

 

 

 

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Money Saving Homes Improvements to Implement Now

If you own a home, chances are you’ve got a long list of renovations and upgrades you’d like to do on it. When it comes to saving money and preserving the value of your home, however, some home improvements are more urgent than others. Here are three high-priority improvements you should consider doing as soon as possible if they are an issue now.

Our suggested improvements will save you money in the long run, help with resale value and keep your home from falling apart. Once you’ve tackled these basic improvements, you can focus on the more fun kinds of upgrades like redoing the kitchen or adding a bathroom.
Project 1: RID YOURSELF OF DRAFTS

Insulate your home and seal drafty windows and doors. Although generally thought of as a winter necessity, We live in New England, I feel like it’s winter 10 months out of the year so this is an everyday necessity. You will not only keep heat in and cold out (savings on your heating bill) but it also keeps the house cool during other seasons. If your windows need to be replaced, start budgeting for this as well.

Project 2: Update To High-Efficient Appliances

In a similar vein, you’ll get the most bang for your home improvement buck if you upgrade inefficient appliances in your home. The top energy suckers in the home are: heating systems, air conditioning, hot water heaters, dehumidifiers, and refrigerators, according to Energy.gov
There are easy ways to adjust the energy usage of these appliances, such as installing a programmable thermostat and running appliances at night. At some point, though, you’ll have to decide between repairing your home appliance or replacing it.

Project 3: Clean Your Gutters and Look for Structural Problems

Water is often the cause of the most expensive home repairs. Winter is upon us so if you have not already done so, start fixing things that leak ie: roof, gutters, old pipes. (For some, this process may be a little late but it’s only going to get colder and snowy-er [I made that up]).
A few leaves and twigs in your gutter don’t sound that dangerous, but gutters are the first line of defense against: water problems in your basement, cracked foundations, rotten wood, leaking roofs, wood-destroying insects, and other problems. So, first, clear the gutters or have a handyperson do it for you, and install gutter guards to prevent future water damage.
Now’s the time to also take a walk around your home and look for any foundation cracks, mold or mildew in the basement or other areas, loose shingles or other roof issues (a binocular helps), any other signs of water damage, and pest issues (like termites). Dont wait until the snow comes, because she’s coming with a force (I suspect).

For more suggestions on how to you can make money saving improvements, reach out to us directly at contact@MandrellCo.com. We also know some great contractors if you need recommendations.

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Key Facts to Selling Your Home (Part I)

When selling your home, there are several important facts to consider when working with your real estate agent beyond just listing your home and waiting for offers to roll in. Below is a BRIEF overview. For detailed outline of the process, please contact us.
Define your needs.

Write down all the reasons for selling your home. Ask yourself, “Why do I want to sell and what is my ultimate goal after the sale?” For example, a job opportunity in another city may necessitate your move, a growing family may prompt your need for a larger home or conversely children moving out may signal it is time to downsize. For your goals, write down if you’d like to sell your house within a certain time frame or make a particular profit margin. Together, we can map out the best path to achieve your objectives and set a realistic time frame for the sale.

Name your price.

Your next objective should be to determine the best possible selling price for your house.Currently, the Roxbury Market is booming, you want to price your home to get the most traffic.  Setting a fair asking price from the outset will generate the most activity on your home. We know what comparable homes are selling for in your area and the average time those homes are sitting on the market. Remember: You’re always better off setting a fair market value price than setting your price too high. Studies show that homes priced above their market value take longer to sell. If your home sits on the market for too long, potential buyers may think there is something wrong with the property. 
Prepare your home.

Most of us don’t keep our homes in “showroom” condition. If you have kids, at any given moment, it can look like a bomb exploded in your living room. The condition of your home will affect how quickly it sells and the price the buyer is willing to offer. First impressions are the most important. As your real estate firm, we can help you take a fresh look at your home and suggest ways to stage it and make it more appealing to buyers. We can provide feedback on inexpensive things if you are on a tight budget. You want buyers to envision themselves in “their new home” NOT Your current home.
Get the word out.

Now that you are ready to sell, we will implement the marketing strategy specifically designed for your home. There are many ways to get the word out, including: The Internet, Yard signs, Open houses, Media advertising, Agent-to-agent referrals, and direct mail marketing campaigns. In addition to listing your home on the MLS, we will use a combination of these tactics to bring the most qualified buyers to your home. We also host monthly seminars to help potential buyers get pre-approved to purchase a home. We cover a range of topics with the goal of helping attendees improve their credit, earn a higher income, and understand the home buying process from start to finish. We are also very active in and around the community. Our Roxbury real estate consultant Terrance Moreau can be seen mingling with community members in Dudley Cafe, speaking with home owners and providing feedback to homeowners because he is passionate about his community.

Be sure to check back for Part II of this series.

For questions, feel free to contact our office at 617-297-8641 or email us at Contact@MandrellCo.com.

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Boston Area Mortgage Rates Remain Low Going Into 2016

MCLEAN, VA–(Marketwired – Oct 29, 2015) – Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling slightly lower amid market expectations of no rate increase by the Federal Reserve.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.76 percent with an average 0.6 point for the week ending October 29, 2015, down from last week when it averaged 3.79 percent. A year ago at this time, the 30-year FRM averaged 3.98 percent. 
  • 15-year FRM this week averaged 2.98 percent with an average 0.6 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.13 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.89 percent this week with an average 0.4 point, unchanged from last week. A year ago, the 5-year ARM averaged 2.94 percent.
  • 1-year Treasury-indexed ARM averaged 2.54 percent this week with an average 0.2 point, down from 2.62 percent last week. At this time last year, the 1-year ARM averaged 2.43 percent. 

Are you considering buying a home or possibly refinancing your current mortgage? Looking for a qualified professional to provide some lending advice? Give us a call. We work with the best home loan resources in Massachusetts! We’d love to learn a little more about your needs and connect you with the right company for the job.

You can reach us at 617-297-8641 or contact@mandrellco.com

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Word around town is that the big banks are going to start to foreclosing on many past due mortgages they have on their books. The feeling is they’ve been holding off until the economy shows signs of stabilizing and in many place we’re starting to see that stability. If you’re interested in locating investment opportunities through short sale and foreclosed properties, now would be a good time to start really eyeing to the market.

Here is our current Short Sale and Foreclosure list for Dorchester, MA.

197 Woodrow – Single Family
List Price: $235,853
Boston, MA : Dorchester 02124
36 Mount Ida Rd – Unit 3 List Price: $209,900
Boston, MA 02122
55 Devon Street – Unit 1 List Price: $234,900
Boston, MA : Dorchester 02121
123 Ruthven St – Unit 123 List Price: $241,000
Boston, MA : Dorchester 02121
77 Willowwood Street – 3 Family
List Price: $389,900
Boston, MA : Dorchester 02124
636-638 West Park Street – 3 Family
List Price: $424,000
Boston, MA 02124
47-49 Walnut – 3 Family
List Price: $480,000
Boston, MA 02122

Not interested in Dorchester? Are you interested in foreclosures and/or shorts sales in another area of Massachusetts? Please email (Contact@MandrellCo.com) your area(s) of interest and we can send you an updated report within a few hours.

 

 

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Are you in the market to buy, rent or sell property in the Mattapan area of Boston? Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly whats happened in the single family, multi family and rental markets of Mattapan over the last 6 months. Take a look at the numbers and see where you fit in.

Single Family

Total Homes SOLD: 9

Average Living Area by Square Feet: 1,489

Average Listing Price: $278,333

Average DOM (Days on Market): 60.33

Average Sales Price: $284,436

Multifamily Family

Total Homes SOLD: 8

Average Living Area by Square Feet: 3,296

Average Listing Price: $444,038

Average DOM (Days on Market): 20.23

Average Sales Price: $451,412

Condo Units

Total Condos SOLD: 3

Average Living Area by Square Feet: 1,046

Average Listing Price: $167,967

Average DOM (Days on Market): 64.93

Average Sales Price: $170,986

Rental Units

Average Rent for 1 Bedroom Units: $1,025

Average Rent for 2 Bedroom Units: $1,552

Average Rent for 3 Bedroom Units: $1,783

Average Rent for 4 Bedroom Units: $2,123

 

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Purchase A $350,000 Home With An FHA Loan & Down Payment Of Only $12,250

Have you considered buying a home but can’t afford a 20% down payment on the mortgage? You’re not alone! Many home buyers (especially in New England) cannot afford to shell out $40,000 – $80,000 just to get into your average Boston home. Fortunately there’s another option. FHA (Federal Housing Administration) loans are extremely popular mortgage programs because of their lower down payment requirements and less stringent lending guidelines. With this mortgage program, home buyers can obtain a home mortgage with as little as 3.5% of of the purchase price. For your average Massachusetts home (approximately $350,000) that roughly $12,250…a much more affordable and achievable number.  FHA borrowers can use their own savings to make the down payment, but other allowed sources of cash include a gift from a family member or a grant from the government. Another benefit to the FHA program is that is allows individuals with less than perfect credit to obtain a loan. Borrowers need a credit score of just 580 or higher to meet requirements.

Note: An FHA loan may also used to purchase a 2-4 four family home. Many individuals purchase their 1st investments property with FHA or similar “owner occupied” home loan. FHA does require that an individual move into the property for a specific period of time but does not require the borrower to remain in the property for the life of the loan. Talk to your local real estate agent and mortgage broker about whether or not this program is good tool for your purchasing needs.

The FHA allows home sellers, builders and lenders to pay some of the borrower’s closing costs, such as an appraisal, credit report or title expenses. Because the FHA is not a lender, but rather an insurer, borrowers need to get their loan through an FHA-approved lender (as opposed to directly from the FHA). Not all FHA-approved lenders offer the same interest rate and costs — even on the same FHA loan.

The FHA has a special loan product for borrowers who need extra cash to make repairs to their homes. The chief advantage of this type of loan, called a 203(k), is that the loan amount is based not on the current appraised value of the home but on the projected value after the repairs are completed. A so-called “streamlined” 203(k) allows the borrower to finance up to $35,000 in nonstructural repairs, such as painting and replacing cabinets or fixtures.

For more information about FHA loans to get yourself pre-approved for a mortgage, please give us a call at 617-297-8641. We can connect you with one of our local mortgage specialist and get you on your way to home ownership.

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You hear people talk about flipping homes with no money out of pocket, but how exactly are they doing it? This FREE seminar is going to show you how to use private funds to buy, fix and sell property for a profit! The event topics will include:

· Private money – What it is, and why you need it to fund your deals

· How to find and sell yourself to private money lenders

· How to structure deals and make your private lenders feel comfortable

· Evaluating potential rehabs and crunching the numbers

· What to watch out for and trouble areas to avoid

This 1.5 hour seminar will be presented by Andrew Schena of Capital Equity Partners. Capital Equity has purchased and sold 10 of millions in Boston real estate since 2009 when established. https://www.facebook.com/CapitalEquityPartners

Saturday, September 19, 2015 – to Boston Marriott Quincy – 1000 Marriot Dr, Quincy, MA

Join Boston Wealth Builders and RSVP to the event! Membership is FREE  – www.BostonWealthBuilders.com

This educational seminar will take place on the same day and in the same location as the MA RE Investor Trade Show. Seating is limited, so please RSVP to save your spot. Only members of the group will be allowed to RSVP.    www.BostonWealthBuilders.com

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Are you interested in buying or selling property in Roxbury? Before you do, making sure you fully understand your local market is very important. Receiving regular market updates will also allow you to see where similar properties are selling as well as what landlords are charging for their rentals.

Here are Roxbury’s multifamily sales and rental market statistics for the last 6 months.

Total Multifamily Listings SOLD: 13

Average Living Area by Square Feet: 2,976

Average Listing Price: $513,054

Average DOM (Days on Market): 31.92

Average Sales Price: $494,233

Average Rent for 1 Bedroom Units: $1,334

Average Rent for 2 Bedroom Units: $1,727

Average Rent for 3 Bedroom Units: $2,304

Average Rent for 4 Bedroom Units: $3,000

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report.  In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d where you’d like to receive data. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the crowd!

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Drinks & Networking – Local Investor Gathering!

Come join us for drinks, appetizers and networking. This is an informal gathering for local Boston Real Estate Investors and a great opportunity to meet potential partners and mentors. The best way to push forward with your investing career is to surround yourself with people who want the same. Here’s your chance! Look forward to seeing you there!

Tuesday, February 10, 2015 – 6:00 PM to 8:00 PM

Savvor Restaurant & Lounge, 180 Lincoln Street, Boston, MA

RSVP @ http://www.meetup.com/Networth-Investors/events/220073418/

Boston Home Center University – Meet The Lenders

Meet The Lenders is a one-stop shopping opportunity to meet different mortgage lenders and learn about special mortgage programs, money to close, free mortgage pre-qualification, affordable homeownership listings applications, home repair, lead paint assitance and sign up for a free homebuyer and credit course.  Come learn about your options to get you on the right path to Homeownership! FREE Event!

Saturday, February 7, 2015 – 9:00 AM to 12:00 PM

Edward Brooke Charter School, 190 Cummins Hwy, Roslindale, MA

RSVP @ http://www.meetup.com/Urban-Money-Matters/events/219759172/

Building Wealth Through Home Ownership

Come learn how many build wealth through smart home ownership. Topics will include but not limited to the following:

• Why the surest path to wealth is through home ownership

• Basics of home buying and getting yourself on the path to ownership

• Home buying timeline and what to consider when searching

• The pre-approval process and mortgage loan basics

• How to manage yourself through bad times and avoid foreclosure

• Quick tips on how to repair bad credit and save for a down payment

• Loan programs and grants offered for first time buyers

• Intro to personal finance software and monitoring your financial position

Thursday, February 19, 2015 – 6:00 PM to 8:30 PM

Roxbury Community College, Academic Bldg #3 Rm 121, 1234 Columbus Avenue, Roxbury, MA

RSVP for FREE @ http://www.meetup.com/Urban-Money-Matters/events/219829343/

Dorchester Real Estate Agent

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Are you a current or aspiring landlord in Dorchester?  No matter your years in the rental business, fully understanding your local market is one the most important things you can do to ensure your long-term success. Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell.  It will also allow you to see what your units rent for in comparison to your neighbors. Should you be increasing your rents?

Here are Dorchester’s multifamily sales and rental market statistics for the last 6 months.

Total Multi-Family Listings SOLD: 123

Average Living Area by Square Feet: 3,517

Average Listing Price: $532,918

Average DOM (Days on Market): 58.85

Average Sales Price: $527,420

Average Rent for 1 Bedroom Units: $1,451

Average Rent for 2 Bedroom Units: $1,691

Average Rent for 3 Bedroom Units: $1,823

Average Rent for 4 Bedroom Units: $2,170

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

 

 

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The Mandrell Company would like you to give a warm welcome to the newest member of our sales team, Priscila Elias!

A native of Brazil, Priscila brings her warm personality, family real estate investment knowledge and exceptional customer service to the North Shore. Priscila is an accomplished sales professional with over six years of experience in customer-focused positions. Priscila has a natural ability to find innovative solutions and works hard to ensure satisfied clientele. Through her work experiences and connection to the real estate investment industry, we know Priscila will succeed and be a real asset to the firm.

Priscila can be reached at Priscila@Mandrellco.com

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The Mandrell Company would like you to give a warm welcome to the newest member of our sales team, Elizabeth Newcombe! 

Liz is outgoing, cheerful and passionate about real estate and helping her community. Liz obtained her Bachelor’s degree from Christendom College in Virginia where she actively participated in several outreach and missionary events in the community. Her genuine passion for helping people is invaluable when maneuvering the complexities of buying/selling a home. Liz also comes from a family that is active in the real estate industry.  Her experience, knowledge and great personality will serve her well as an agent on the South Shore.

Liz can be reached at Liz@MandrellCo.com

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The Mandrell Co would like to give a BIG WELCOME to the newest member of our sales team, Joe Rodriguez!  Joe will be starting with us next week and will be responsible for residential and commercial sales in Boston’s Metro West area.  Joe is a graduate of Wentworth University and earned his Bachelor’s degree in Construction Management.  His work experience includes project management for Vantage Builders and JNL Corporate Interiors.

Through his education, work experience and serious interest in the real estate investment industry, we know Joe is an excellent match for our firm and will be a real asset to the team.

Joe can be reached at Joe@MandrellCo.com

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The Mandrell Company works with many real estate investors & developers in and around the Boston area. We assist our investor clients in finding properties that need rehab as well as opportunities for development. If you’re looking to sell a property that needs minor or significant repairs, please give us a call. Almost all of our clients are cash buyers and can often close on your property with 2-4 weeks. Don’t waste your time with a realtor placing a sign in the yard and marketing your problem property with traditional sale methods. Our investor clients buy properties in “as is” condition, which mean they will not be asking you to make any repairs. They also purchase properties in difficult situations such as; pre-forclosure, non-paying tenants, or tax and other liens.

Let us help you move on and get this headache out of your life. Our clients are experts in renovating junk & ugly homes and can rid you of your problem house. They are also improving local Massachusetts neighborhoods with each home they complete!

Do you know of a property in your neighborhood you would like to see fixed up? Pass our information along to the owner and we’ll see what we can do!  617-297-8641 Call today!

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