Category: Real Estate Transactions

Have the guidelines for buying residential or commercial real property changed in the wake of the housing and foreclosure crisis? A recent article calls for greater caution. For example, conventional wisdom held that a home is a safe investment option. At a minimum, real estate ownership was considered more financially beneficial in the long term…

In an age of convenience and technology, it’s perhaps no surprise that real estate professionals are trying a new paperless approach to real estate transactions. The process utilizes new cloud-based storage technology. Around 3,000 real estate offices now use a platform called Dotloop. Agents with accounts can access mortgage documents, deeds, titles, or other transactional…

Although many aspects of the housing industry were affected after the subprime mortgage crisis of 2008, some commercial real estate companies responded by buying foreclosed properties in bulk. That institutional buying is credited with helping home prices to rise in many distressed markets. Yet the market for such purchases and sales of investment properties may…

Although readers might assume that condo prices would move in tandem with the local residential real estate market, a recent report from the Massachusetts Association of Realtors indicates otherwise. Whereas the market for single-family homes in Massachusetts appears to be slowing, condo prices continue to rise. In April, median condo prices rose to $319,000, almost…

The Boston Globe recently announced that it is exploring sale options for its 16.5-acre headquarters on Morrissey Boulevard in Dorchester, Massachusetts. Not surprisingly, the newspaper has wisely enlisted the assistance of a commercial real estate firm. In this case, the property’s value is estimated by conservative standards to be at least $21 million. More generous…

Readers of this real estate law blog may have conflicted feelings about construction in the name of progress. On the one hand, readers probably appreciate efforts to preserve historical buildings. Such efforts may have both financial and historical benefit. Boston’s historic district, for example, is a top destination for tourists to Massachusetts.  But what about…

Owning a home is something that many Worcester residents dream of doing in their lifetimes. After years of saving, watching the real estate market and deciding where they want to live, many people feel ready to put down hundreds of thousands of dollars just to earn a coveted title: property owner. Though parties can engage…

While most of the posts on this site address issues related to home ownership for Worcester residents, this post deals with an important aspect of residential real estate: rental properties. Many area residents might be interested to learn more about how to successfully prepare their properties for efficient and effective leasing. Signing a lease agreement…

The housing market in Worcester can be as volatile as a Massachusetts winter and people trying to sell their homes at the start of the calendar year can encounter some challenges with moving their properties. Though there are some steps homeowners can take to make their properties more attractive to potential buyers, a person hoping…

With the New Year rapidly approaching, residents of Worcester might be making resolutions. While some may hope to lose weight or find new careers, others may want to either sell their homes or become first-time home buyers. Experts in the real estate market have summarized some useful ways of successfully navigating a real estate transaction…