Thursday, January 12, 2012

Just Sold Medway Home

There are many who say a duplex condo can be difficult to sell these days.  There is some truth to that.  The reason is the demographics of buyers for this home include first time home buyers.  And first time home buyers generally cannot afford the downpayment of a conventional loan.  Many know FHA Loans are very popular in MetroWest Boston for first time buyers because this loan product onlly requires 3.5% down BUT - they also require tha the condo association (and yes this is a duplex with a condo association OF TWO - the owners of each side) - MUST be APPROVED by FHA and that requires a LOT of work and time.  

So how do you approve a first time buyer for a duplex in the MetroWest Real Estate area?  I highly recommend a Mass Housing Loan and a good agent to make it happen!  That's what these buyers did and we closed within 35 days!   

Welcome my new buyers to their new Medway Home!  If you own a duplex in the Metrowest Real Estate Market, and you're thinking of selling, give me a call and I can make it happen for you!  If you want to buy a duplex but have had problems, give me a call as well.

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