“Ask Toni & Maria” is a new column written by Toni Gilardi and Maria DiTullio from Elite Boston Landmark Realty. Email email@example.com to have them answer your questions in an upcoming column.
1. How hard is it to convert my building into condominiums?
Stephen, Copps Hill Area
Hey Stephen, nice area to own a building. You must have beautiful Harbor Views! A condo conversion is easier than you would think. Here is a short guideline.
• Hire a good real estate attorney
• Hire a architect
• Attorney will prepare condominium documents and budget for the building.
• Architect will do the floor plans and measure unit square footage.
• File for a tax identification number
• Hire a local real estate broker to put a marketing plan in place.
2. Hi ladies, from accepted offer to closing how much time should it take before I am in my new condominium?
Peter, renting on Endicott Street
Peter the usual time frame is pretty standard barring nothing is out of the ordinary with the buyer’s or seller’s needs. An offer is usually accepted within 24 hours. You will have 10 days to sign the purchase and sales agreement. During this 10 day period you will have your home inspection, review condo documents, budget and apply for a mortgage. You should be able to close within 45 days of the P&S signing. Good luck with your purchase!
3. I am planning on buying a condominium in the city. What do you think are the 3 most important features for resale value?
Joel, Fulton Street
Joel, Joel, Joel everyone knows it: Location! Location! Location! All kidding aside location is really the most important feature when talking resale.
4. Hi Toni and Maria, I am moving back to Boston soon … I am curious; how are real estate taxes calculated in the City of Boston?
Usa, Orlando Florida
Hi Usa, hope to see you in the neighborhood soon. Boston’s Real Estate taxes are calculated by multiplying $12.79 per thousand of the assessed value of the property. For example if the property is valued at $100,000.00 your tax would be $1279.00. Ex: $12.79 x 100 =$1,279.00
5. I just recently moved into the neighborhood. When is the trash picked up and what are the rules?
Carol, North Square
Hi Carol, thanks for writing in. Trash is a serious concern in this neighborhood. The usual pick-ups are Monday, Wednesday and Friday mornings. Trash can be put out after 6:00pm the night before. However,we encourage residents to put the trash out the morning of pick-up. You should use black, two ply garbage bags. Please place your trash in front of your residence.
Don’t be shy…We would love to hear from you! Send in your real estate questions to: firstname.lastname@example.org. And don’t forget to check out our website at www.bostonlandmark.com. Call 617-227-1000 or 617 523-5400 to chat with a friendly agent.
It is that time of year again when we hold our annual “Toys for Tots” toy drive. Please feel free to drop off an unwrapped gift for an unfortunate child at our office anytime. We will be holding our traditional cocktail party on Thursday, December 8th, 6:00 to 9:00p.m. @ our office 350 Commercial Street. We hope to see you all there for some Holiday Cheer! BTW: J.G. is pre-heating her oven as she prepares for the most lavish appetizer display to date.