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Archive for October, 2006


Red Sox players past and present make real estate deals

An update on the real estate lives of Red Sox players, past and present:
Manny Ramirez’ $6.9 million Ritz Carlton Tower condo, still for sale
Pedro Martinez’ Brookline house, still for sale, at $1,895,000
Nomar Garciaparra’s Charlestown condo still for sale, at $1,200,000
Johnny Damon’s $5 million mansion is under agreement, for $4.75 million (price chopper!)
Source: Yankee Damon’s home [...]



Move every two years and get rich (I’ll get rich, too)

One way to make money in real estate?
Move every two years.
Basically, buy a home that needs some cosmetic improvements, buy at a discount, fix it up, and sell.
Certainly, it can be more risky than other investments, but I can understand the logic.
If you’re a serial homeseller, contact me. Your commissions will put my kids [...]



Boston condo sales drop 20% - LINK

From the Boston Business Journal:
Condo sales in Boston dropped almost 20 percent for the third quarter, and the median price fell almost 7 percent, compared to the same period last year, according to the LINK Listing Information Network.
The median price of $419,000 this year also slipped below the 2004 median of $433,500.
The inventory of homes [...]



Title insurance - is this a racket?

Do you need title insurance? Well, your bank is going to take out a policy, at least for the amount of your loan. Most of the time, buyers end up getting their own policy, to fully cover their investments. Your attorney will strongly suggest you do so.
Whether nor not you need a [...]



Selling your condo? Use an agent from your building

Are you selling your condo? If you are, consider using as your agent someone who lives in the building.
That’s what this real estate agent advises:
I’m often asked by clients whether or not they should consider hiring an agent that is also resident of their building to represent them during the sale of their apartment. [...]



Boston is pretty good! Census goofs - population is up

The Census Bureau, after being challenged by Boston officials, acknowledged today that it had underestimated Boston’s population and released a new tally that shows the city gained residents in the first half of the decade.
The bureau had earlier estimated Boston had lost some 30,000 residents between 2000 and 2005. But the new tally showed Boston [...]




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