Quincy, MA

Buyers who have less than stellar credit and small down payments usually go F.H.A. The F.H.A. has two new guidelines out this month that are stricter than before. Remember, the Federal Housing Administration "F.H.A." does not make loans; rather, it insures mortgages from lenders who would not otherwise offer loans to those who can make down payments of only 3.5 percent and who have credit scores of 620 or less. The F.H.A.'s lending limit is $729,750.

Two changes from the F.H.A.:

1) Usually borrowers pay an F.H.A. insurance premium two ways: with an upfront fee that can be included in the total loan amount and amortized over the life of the mortgage, or in a monthly fee. Now, the upfront fee jumps to 2.25 percent of the loan amount from 1.75 percent, adding about $1,000 to a $200,000 loan. Monthly premium charges will essentially be unchanged.

2)Starting early this summer, anyone with a credit score below 580 must make a down payment of at least 10 percent.

There are a few more changes; I encourage everyone to visit their website for more detailed information.

Massachusetts Jumbo Mortgage Loans are getting a little easier to obtain these days, particularly with my Company. The easing of the secondary market has been a long time coming. Some counties have reaped the benefits of the Fannie Mae loan limits being raised- most with conforming jumbo limits ranging from 417,050 to $523,750. Essex, Middlesex, Norfolk, Suffolk, and Plymouth Counties all have conforming loan limits of $523,750 for example. However, only Nantucket and Dukes County in Mass. are offering "conforming jumbo" loans up to the national high cost maximum of $729,750, according to this link on the HUD website.

The good news is that while we offer great pricing on conforming jumbo mortgages, there are great programs still available for those who either have a loan amount over $729,750 in "high cost" areas or those who fall just above the county loan limit in the non "high cost" areas. We like to insure we have access to the best loan programs out there.

Massachusetts Jumbo Mortgage Loans are available currently with a 70-80% loan to value up to a 1 million dollar loan amount for fully documented loans, with strong credit, and asset reserves. This means on a purchase transaction, if you can put 20-30% down, we may be able to arrange financing for a jumbo loan. Cash-out refinances and rate reduction refinances also are available to a 60%-75% Loan-to-Value, based on an appraised value. Loan amounts greater than 1 million dollars are also available. Please contact me directly for quotes and terms. It is a great idea to really review your particular scenario prior to expecting a rate quote in today's market, so you should expect to contact an experienced mortgage professional and review your scenario in detail prior to receiving loan terms. In today's ever changing market, anything else would be less than scrupulous.

There are different terms available for Massachusetts Jumbo Mortgage Loans, such as the traditional 30, 20 and 15 Year Fixed terms as well as adjustable rates such as a 5/1, 7/1, and 10/1 Adjustable Rate Mortgage (ARM) program. There are also interest-only options available for these MA Jumbo Mortgage Loans, for those that prefer that option. I have found that many consumers prefer an interest-only option when paying down their loan in an accelerated manner, as the payment re-amortizes monthly.

As always, please contact me any time with questions!

The Sea Winds condo complex is conveniently located on the northern side of the City of Quincy. Edgewater Place is in a prime location just minutes to downtown Boston. It is a 5 minute ride to route 93 North and 93 South. You can walk to T, Wollaston Beach and Marina Bay.

These condos are apartment style condos. The condo complex is made up of primarily of 2 bedroom units.

There are 150 units in the complex. Units do come with surface deeded parking or covered garage parking as well. Units feature in unit washer/dryers. There is a small workout room in the complex.
The complex does have a small pool.

As of this writing, there were 9 closed sales in the Sea Winds Condo complex Quincy in 2009. The average sales price of these 2 condos in Edgewater Place was $209,825.
The average time to get a condo in The Sea Winds sold was about 112 days.

The condos in The Sea Winds in Quincy, Mass obtained 92% of their original asking price and 96% of their adjusted
asking price.

Here are the specific details on the sales closed in Edgewater Place in Quincy in 2009.
90 Quincy Shore Drive Unit: 306 Quincy, MA 3 room, 1 bed, 1 bath listed for $179,900 and sold for $167,500
90 Quincy Shore Drive Unit: 611 Quincy, MA 3 room, 1 bed, 1 bath listed for $195,000 and sold for $192,000
90 Quincy Shore Drive Unit: 415 Quincy, MA 3 room, 1 bed, 1 bath listed for $203,000 and sold for $191,100
90 QUINCY SHORE Drive Unit: 806 Quincy, MA 3 room, 1 bed, 1 bath listed for $209,000 and sold for $205,000
90 Quincy Shore Drive Unit: 210 Quincy, MA 4 room, 2 bed, 2 bath listed for $219,000 and sold for $205,000
90 Quincy Shore Drive Unit: 102 Quincy, MA 4 room, 2 bed, 2 bath listed for $239,900 and sold for $228,000
90 QUINCY SHORE DRIVE Unit: 514 Quincy, MA 5 room, 2 bed, 2 bath listed for $249,999 and sold for $240,000
90 Quincy Shore Drive Unit: 503 Quincy, MA 5 room, 2 bed, 2 bath listed for $259,900 and sold for $250,000

Condominium Listings: 8 Average List Price: $219,462 Average Sale Price: $209,825 Average Market Time: 112.25 Average List Price per Square Foot: $263

The average list price of a condo in The Sea Winds in Quincy in 2009 was $219,463. The average sales price of a condo in The Sea Winds in Quincy for 2009 was $209,825.
The average time on market for a condo in The Sea Winds was 112 days.

The average List Price per Square Foot: $263

There are currently 3 active listing in The Sea Winds in Quincy.

If you have questions about the Sea Winds condo complex please call us at 617-648-3983.

You can get more information about all Quincy, Massachusetts real estate at our Quincy, Massachusetts web site @ http://www.quincyrealestate-massachusetts.com

If you are looking for a condo in Quincy, Massachusetts - you can visit our Quincy Massachusetts condo web site @ http://www.QuincyCondoBuyer.com

You can see all condos on the market in Quincy now by clicking here

Real Estate Market Summary - Prices of Quincy Homes for Sale

Quincy’s real estate market features a fine selection of single-family homes in suburban neighborhoods, historic homes, high-rise condominiums, sprawling estates, waterfront properties, townhouses and condos all in a variety of neighborhoods and pricing points. Many of Quincy’s properties are situated in quiet residential neighborhoods on tree-lined streets. Prices for single-family homes in Quincy start as low as $175,000 for a charming starter home complete with 2 bedrooms and 1 bathroom and can go as high as $860,000 for a home that includes spectacular views of the Quincy Bay. Gorgeous brick estates, new construction homes, and custom built homes that feature waterfront views can run buyers from $1 million to over $2 million. If you’re looking to invest in a smaller piece of property that requires less maintenance, consider purchasing one of Quincy’s many lovely condominiums or townhouses. Prices start at $150,000 and can go as high as $1.25 million. Many of these condos have access to the bay, boat docks and slips. If you are thinking of buying or selling your home, just fill out the FREE REAL ESTATE INFORMATION REQUEST FORM. Then, top real estate agent Mike Mahoney will provide you with any real estate information or assistance. All contents on this and related web sites are provided by Mike Mahoney, specializing in Quincy real estate and home values in Norfolk County, Massachusetts.

According to the MLS for Quincy Massachusetts Real Estate, here are the homes with open houses in Quincy Mass today.

52 Sherman Quincy, MA 8 room, 3 bed, 1.5 bath Colonial/ $369,900
152 Winthrop St Quincy, MA : Houghs Neck 7 room, 3 bed, 1.5 bath Colonial / $339,000
166 Pine Street Quincy, MA 8 room, 3 bed, 1.5 bath Colonial / $345,000
42 Ruggles Street Quincy, MA 8 room, 3 bed, 1 bath Colonial / $349,900
121 Bromfield St Quincy, MA : Wollaston 7 room, 4 bed, 1 bath Colonial / $429,900
161 Phipps St Quincy, MA 7 room, 3 bed, 1 bath Cape / $309,000
13 Essex St Quincy, MA : Squantum 9 room, 5 bed, 2.5 bath Contemporary /$468,500

If you have any questions about Quincy Massachusetts Real Estate - Please call us at 617-648-3983.

You can get more information about all Quincy, Massachusetts real estate at our Quincy, Massachusetts web site @ http://www.quincyrealestate-massachusetts.com

If you are looking for a condo in Quincy, Massachusetts - you can visit our Quincy Massachusetts condo web site @ www.QuincyCondoBuyer.com

To see all townhouses on the market in Quincy, Massachusetts click here

Real Estate Market Summary - Prices of Quincy Homes for Sale

Quincy’s real estate market features a fine selection of single-family homes in suburban neighborhoods, historic homes, high-rise condominiums, sprawling estates, waterfront properties, townhouses and condos all in a variety of neighborhoods and pricing points. Many of Quincy’s properties are situated in quiet residential neighborhoods on tree-lined streets. Prices for single-family homes in Quincy start as low as $175,000 for a charming starter home complete with 2 bedrooms and 1 bathroom and can go as high as $860,000 for a home that includes spectacular views of the Quincy Bay. Gorgeous brick estates, new construction homes, and custom built homes that feature waterfront views can run buyers from $1 million to over $2 million. If you’re looking to invest in a smaller piece of property that requires less maintenance, consider purchasing one of Quincy’s many lovely condominiums or townhouses. Prices start at $150,000 and can go as high as $1.25 million. Many of these condos have access to the bay, boat docks and slips. If you are thinking of buying or selling your home, just fill out the FREE REAL ESTATE INFORMATION REQUEST FORM. Then, top real estate agent Mike Mahoney will provide you with any real estate information or assistance. All contents on this and related web sites are provided by Mike Mahoney, specializing in Quincy real estate and home values in Norfolk County, Massachusetts.

The Edgewater place condo complex is conveniently located on the northern side of the City of Quincy. Edgewater Place is in a prime location just minutes to downtown Boston. It is a 5 minute ride to route 93 North and 93 South. You can walk to T, Wollaston Beach and Marina Bay.

These condos are apartment style condos. The condo complex is made up of some 2 bed units, primarily 1 bedroom units and the remainder studio units.

There are 158 units in the complex. Units do come with surface deeded parking. The units do not feature in unit washer/dryers, however there is a common laundry room on the first floor.
The complex does have a small pool.

As of this writing, there were 2 closed sales in the complex in 2009. The average sales price of these 2 condos in Edgewater Place was $154,000.
The average time to get a condo in Edgewater Place sold was about 44 days.

The condos in Edgewater Place in Quincy, Mass obtained 94% of their original asking price.
Here are the specific details on the sales closed in Edgewater Place in Quincy in 2009.

133 Commander Shea Boulevard Unit#216 in Quincy, MA was a 2 room, 1 bed, 1 bath unit. It was listed for $147,900. It sold for $140,000. It 43 days to get this unit sold.
133 Commander Shea Boulevard Unit#402 in Quincy, MA was a 3 room, 1 bed, 1 bath unit. It was listed for $169,900 and sold for $164,250. It took 66 days to get this unit sold.

The average list price of a condo in Edgewater Place in Quincy in 2009 was $158,900. The average sales price of a condo in Edgewter Place in Quincy for 2009 was $152,125.
The average time on market for a condo in Edgewater Place was 54.50 days.

The average List Price per Square Foot: $247

There is currently active listing in the Edgewater PlaceComplex.

If you have questions about the Edgewater Place condo complex please call us at 617-648-3983.

You can get more information about all Quincy, Massachusetts real estate at our Quincy, Massachusetts web site @ http://www.quincyrealestate-massachusetts.com

If you are looking for a condo in Quincy, Massachusetts - you can visit our Quincy Massachusetts condo web site @ http://www.QuincyCondoBuyer.com

You can see all condos on the market in Quincy now by clicking here

Real Estate Market Summary - Prices of Quincy Homes for Sale

Quincy’s real estate market features a fine selection of single-family homes in suburban neighborhoods, historic homes, high-rise condominiums, sprawling estates, waterfront properties, townhouses and condos all in a variety of neighborhoods and pricing points. Many of Quincy’s properties are situated in quiet residential neighborhoods on tree-lined streets. Prices for single-family homes in Quincy start as low as $175,000 for a charming starter home complete with 2 bedrooms and 1 bathroom and can go as high as $860,000 for a home that includes spectacular views of the Quincy Bay. Gorgeous brick estates, new construction homes, and custom built homes that feature waterfront views can run buyers from $1 million to over $2 million. If you’re looking to invest in a smaller piece of property that requires less maintenance, consider purchasing one of Quincy’s many lovely condominiums or townhouses. Prices start at $150,000 and can go as high as $1.25 million. Many of these condos have access to the bay, boat docks and slips. If you are thinking of buying or selling your home, just fill out the FREE REAL ESTATE INFORMATION REQUEST FORM. Then, top real estate agent Mike Mahoney will provide you with any real estate information or assistance. All contents on this and related web sites are provided by Mike Mahoney, specializing in Quincy real estate and home values in Norfolk County, Massachusetts.