Boston Real Estate Blog

Just a bit of real estate news from down South. Florida was hit hard with foreclosure sales, then short sales. Now more and more sales of half-finished homes. Lots of bare-studed houses abandoned by their builders are sitting on market. Of course, purchasing a partially built home is nothing new. During the housing boom, many new-home buyers signed purchase contracts before a contractor had even poured a slab. But now, the contractor might no longer be around to finish the job, particularly if a deal involves a custom home. You should consult a general contractor before purchasing an unfinished home anywhere. Here in the Boston area we are not seeing this kind surplus as new construction homes in the area have dropped to its lowest inventory in 40 Years. Thinking of puchasing a new construction home? Feel free to ask questions. I have sold many new construction condos and single family homes in the past and they are all a challenge. So be sure to have the right buyers agent to represent you when buying.

617-236-5005 www.bostonerealty.com www.luxreblog.com 

New Construction Condos Boston

Homeowners insurance is a must have with the purchase of a home. Most lenders require it. So you should make sure you have the right coverage including coverage for personal items. I recommend you review your policy with your agent or provider to make sure you are properly covered for fire, water damage and liability. I also found this article on the Boston Globe website that is helpful: http://www.boston.com/realestate/news/blogs/renow/2009/12/homeowners_insu.html 

You can also contact our recommended insurance agents:

Peabody Insurance 116 Main Street Peabody Ma 01960 Agent: Richard Disessa. Phone 978-531-9863 Fax 978-532-1272 Email: peabodyinsurance@comcast.net

Gaurd Insurance 279 Mount Aburn Street Watertown Ma 02472 Agent: Vickie Fotopoulos. Phone 617-926-4000 Fax 617-926-8334 Email: Vfotopoulos@guardinsure.com