Welcome to Mondo Boston!
Searching for a home in Boston can be a daunting task if you live abroad. Mondoboston.com exists to help introduce international buyers to Boston and the home buying process. Use our site to find out more about the logistics of house buying in the United States. Catch up on neighborhood news, surf [...]
Is the goal of owning a home all it’s cracked up to be?
Not according to Rutgers Economist Eugene White who argues in the Wall Street Journal that renting has one major advantage over owning: flexibility. When things get tough, when someone loses a job or gets a pay cut, a family with a year-long or [...]
Recently, we wrote about the national renovation trend which has seen an uptick in people embarking on renovation projects. It seems that as more people figure they’re not going to sell, they’re making their current homes livable. They’re taking on smaller renovation projects and paying in cash. Now Money Magazine adds another caution for those hoping [...]
Any real estate professional knows that the period between Thanksgiving and New Year’s Day marks a general slow down in the housing market. But what some buyers don’t realize is it is precisely this lull which makes for excellent house shopping. Buyers may wield more power this time of year than any other, as sellers are more open to [...]
Well, Thanksgiving has come and gone, along with the passing of Black Friday. That means, we’ve officially entered the holiday doldrums in the housing market. This is the time of year when buyers get distracted by holiday shopping and parties. Agents jet off to Argentina for a few days in the sun. People are generally [...]
We have a (true) story to tell.
A couple is going through a rather acrimonious divorce. They are trying to sell a home, which they priced at $490K. Meanwhile, similar homes in the area are selling for about $475K. Is there any hope of selling this home for that price in a timely fashion? (Which is, after all, important when you’re getting divorced.)
Well, if a recent New [...]
Dorchester is Boston’s largest neighborhood. It also happens to be where the bargains are right now. For example, during the boom years, Dorchester triple-decker condo units routinely sold for more than $300,000. Today, the median condo price in Dorchester has dropped to just $110,000. Prices have crashed because more sub-prime loans were given out in this [...]
Here’s an interesting real estate tidbit coming from Redfin.
According to Redfin’s “Sweet Digs” blog, it took Boston Redfin clients 10 days longer to close on their homes in June than it did in May. In March, closing took only 45 days. These days, it takes about 62 days to get to closing.
Why? Redfin says the [...]
Just a couple of weeks ago, the 1850 Lofts at 90 Wareham Street in the South End auctioned off 35 condominium units after sales slowed. Adventurous bidders were rewarded for their efforts, receiving a substantial discount off initial listing prices. For instance, a two-bedroom, 1,115-square-foot home on the building’s fourth floor sold for $426,000, a [...]
We try to keep an open mind at Mondoboston, and because we’ve heard a lot about East Boston as the new up-and-coming real estate refuge, we decided to take a look for ourselves. Recently, we visited four open houses featuring both condos and single-family East Boston homes for $300,000 or less. Admittedly, our price point [...]
