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ePlace News for July

Real Estate and Taxes
For those of you who might have missed this earlier, we’ve put together some info on the Federal Home Buyer Tax Credit. There has also been a lot of talk at our workshops lately about the mortgage interest tax deduction and the tax exemption on the sale of a primary residence. We’ll talk more about these at the Real Estate Investing Workshop on Wednesday July 15th and of course at the Savvy Home Buyer Workshop on August 5th (see below).

Market Update
The Cambridge condo market remains strong. In June, the number of condos going under agreement exceeded that of the same month in 2004, 2006, and 2008. For those of you who are interested in longer-term (10-year) stats for Cambridge, Somerville, Medford, and Massachusetts, check out this data.

Free Workshops
July 15th — Real Estate Investing 6:00 – 7:30.
Nuts and bolts of real estate investing with real-life examples and numerous additional resources. Read comments, or register now.

August 5th (and September 2nd) — The Savvy Home Buyer — 6:00 – 8:00. Everything you wanted to know about buying a home, mortgages, and more(!) Read comments, or register now.

September 24th — Creating a Green Home. Things you can do to make your home more green. From inexpensive tips to materials for green renovations and renewable energy technologies. Read comments, or register now.

As always, feel free to contact us (via email, phone or in person) about any of your real estate needs, by emailing info@eplacehomes.com, calling us at 617.864.4600, or stopping by our office at 830 Mass Ave in Cambridge.

Enjoy the summer, now that it has finally arrived.

Rachael Burger and The ePlace Team
ePlace Real Estate
830 Mass Ave
Cambridge MA 02139
617.864.4600
http://eplacehomes.com

Posted by admin on Jul 13th 2009 | Filed in Uncategorized | Comments (0)

Spring/Summer Workshops at ePlace

The Savvy Home Buyer

This workshop covers the home-buying process in detail. It includes:
• deciding on the price point that is right for you • understanding mortgages, mortgage expenses, and getting pre-approved • finding a home • property due diligence and comparative market analysis • elements of the offer • home inspection, purchase and sale, mortgage contingency, walk-through and closing • special discussion of paths to affordable homeownership.
Wednesday May 6th 6:00 – 8:00 register here
Real Estate Investing
This session covers the nuts and bolts of real estate investing, and draws on interviews with local investors and lenders. Topics include: • real estate vs. other types of investments • owning and managing rental property • renovation and resale • condominium conversion • detailed real-life examples • a real estate plan for the future.
Wednesday May 20th, 6:00 – 7:30 register here
Creating a Green Home
This workshop will explore: • How to make your existing home more energy efficient • Green materials that you might consider using for a renovation • Green building techniques and considerations. We will have samples of green building materials on hand and will draw on interviews with local green builders and renovators.
Wednesday, June 24th 6:00 – 7:30 register here

Where: ePlace, 830 Mass Ave in Cambridge
More Info: To register or get information on other workshops
go to http://eplacehomes.com/workshops
or call 617.864.4600

Posted by admin on Apr 13th 2009 | Filed in Uncategorized | Comments (0)

Hands-On Real Estate Investing Workshop

Hi Folks–

I’ll be offering the real estate investing workshop again next Wednesday February 4th from 6:00 – 7:30. This workshop is a lot of fun.

We cover different approaches to real estate investing (owner-occupied multi-family, condo conversion, “flipping”, rehab/development, and rent and hold), drawing on interviews with a number of local investors and reviewing several real-life examples in detail.

I’ll also introduce you to a great number of tools and resources to help you better understand different markets as well as specific investments. The focus here is on building the skills to get started in investing, and identifying the types of opportunities that may be right at this particular point in time.

You can register here or send me an email that you plan to attend. Look forward to seeing some of you there.

Best,

Rachael

Posted by admin on Jan 27th 2009 | Filed in Uncategorized | Comments (1)

2008 Market Data

Hi Folks–

Just finished updating market data for Cambridge, Somerville, Medford, and Massachusetts for 1999 through 2008 by housing type (condominium, single family, multi-family).

In all markets, the peak for prices was 2005 or 2006. Condominium prices have held up fairly well since then in all markets, though volume of sales is down. Single family prices (with one exception) are down somewhat as are the volume of sales. Multi-family sales (again, with the exception of Cambridge) are down most significantly in price, and sales volume is up — presumably in response to perceived bargains. The full data, analysis, and charts are here. The data source for this is MLSPIN, real estate transactions involving realtors.

Next, I’ll be working on month-by-month data on active, under agreement, and sold properties. This will give us a better sense of the current market and where it’s headed.

A happy new year to all.

Rachael

Posted by admin on Jan 16th 2009 | Filed in Uncategorized | Comments (0)

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