Blog :: 03-2012

Ipswich Business Organization Announces Scholarship Program - $3,000!

Local Ipswich BNI Chapter to Award A $3000 Scholarship to Deserving Ipswich Graduate!

The Ipswich BNI GoldCoast Chapter is offering a scholarship in the amount of $3,000 to a deserving Ipswich resident graduating from high school in 2012. Strong leadership skills in both school and in the community are essential.  A student's GPA is certainly a factor for awarding this newly established scholarship, but not the sole criteria.  The local business group will select a student who can effectively explain their understanding of the benefits of supporting local businesses and share how their future career goals could support a local economy, like the town of Ipswich.

"Our business group is excited to offer a high school senior a scholarship this year" said Christopher DeStefano GoldCoast Chapter President, and owner of Christopher's Table.  "Our successful group of 31 members is interested in the perspective of a budding young professional while also hoping to teach that it's not just the corporate ladder they should consider climbing in order to be successful," added Christopher.

The Ipswich GoldCoast Chapter was established in 2006 by founder Carrie Cayer of Windhill Realty.  The professional group, which meets weekly on Tuesday mornings at the Ipswich Country Club, is part of the global Business Networking International organization established over 25 years ago by Dr. Ivan Mieser.

With many small businesses scrambling to weather the recession, networking has been the key to cost-effective marketing.  In 2011, the Ipswich group successfully generated over a million dollars of revenue for one another, and this fiscal year the GoldCoast Chapter has already referred over a half million dollars.

Members represent and offer services on a local, regional and in some cases a national level.  Whether it is Kristina Brendel's awe-inspiring paintings at Time and Tide Fine Art Gallery or Mark Meaney promoting his keen private investigative services with Colonial Investigative Group, all members proactively promote each other and spread the good word about their products and services.

"Every Tuesday without fail we meet and learn how to best seek new business for one another," said BNI Treasurer Paula Bishop with the Beverly TD Bank office.  "It has been an invaluable resource bringing all of us through this difficult economic time," continued Bishop.

Applications are made available through the Ipswich High School or by contacting Carrie Cayer at carrie@windhillrealty.com or 978.500.6207.

Landlords Beware! Thinking of Buying a Multi-Family? Read This!

Could it get any worse in Massachusetts for residential landlords?  The answer is a loud YES.

Northeast Housing Court Judge David Kerman ruled in the recent case of Sheehan v. Weaver  a landlord is "strictly liable" for a drunk tenant's fall through a defective porch guardrail.  The Massachusetts Real Estate Law Blog cites this as "yet another case demonstrating Massachusetts' inhospitable legal environment towards residential landlords."  The case involved Sheehan, the drunken tenant, falling from the roof of a structure owned by Weaver consisting of three residential top units and one floor level commercial unit.  The landlord argued his structure should not be considered a commercial "building" within the meaning of the Building Code's strict liability provision as it was predominantly residential.     Judge Kerman disagreed ruling "[T]he structure in this case may well be at the outer margin of the class of structures that fall within the ambit of the term 'building' in the strict liability law," ..... "However, it is my opinion that the mixed residential-commercial four-unit non-owner-occupied structure in this case is 'commercial' and 'public' enough to fit within the term 'building' in section 51."   The landlord was faced with 100% strict liability; there was reduction for the drunken tenant's own negligence.

The trend in Massachusetts is grossly skewed to the right of tenants.  The courts are incredibly forgiving and insanely lenient to residential tenants.  The bottom line is - LANDLORDS BEWARE!

Legal Insider contributed by Atty. Judy Field

Judy A. Field, Esq. Law Office of Judy A. Field, P.C. 900 Cummings Center, Suite 306T Beverly, MA 01915 landline (978) 922-0330 cell (978) 500-9530 fax (978) 922-0661 email: judy@judyafieldlaw.com

It's NOT a Good Time...

Recently I heard about a buyer who was in the process of buying a house. The purchase and sale agreement had been executed, the first and second deposit checks were escrowed and the financing had been approved. In other words, the closing had been scheduled and the deal was just about complete. Somewhere between the time the ink had dried on the contract and the scheduled closing date, the buyer decided to purchase a new vehicle to park in what "he" thought would be "HIS" new driveway. The buyer had no idea that the bank would be running another credit inquiry close to the closing date to confirm that the buyer could STILL afford the loan and hadn't assumed any NEW debt. Well I'm sure you can imagine what they found. The newly acquired car payment changed the ratios and the buyer no longer qualified for the home loan. He lost his deposit, didn't get the house and his new car wasn't big enough for his family to live in. This entire scenario could have been avoided had the buyer simply waited until AFTER the closing to buy the car.

It's common practice for lenders to verify employment and credit a second time just before the closing. It's not a good time to make any purchases that will entail credit inquiries. Say, "NO THANK YOU" when the clerk at Macys offers you 10% off if you open a card. That trip to Jordan's Furniture could cost you your house. And definitely don't buy a car. WAIT until AFTER the closing. Here's a list of 10 Things You Shouldn't do Before Buying a Home.

Having constant face-time with our very diverse group of preferred lenders has its advantages. It's like having our own lending education department right here in our office. We are always on the cutting edge of what's happening in the lending world and that allows us to educate our clients on the most current trends, programs and of course, rates. More importantly, it helps us to be proactive and protect our clients from potential complications during the loan process. We pride ourselves on continuously educating ourselves and building relationships with like-minded professionals. We strive to provide you with the proper tools and education in the beginning so there are no surprises.

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Real Estate Transfers - Topsfield, MA - February 2012

Address #BR #BA List $ Sale $
Single Family
92 Parsonage Ln, Topsfield,   MA 4 2+2 $625,000 $599,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

Real Estate Transfers - Hamilton, MA - February 2012

Address #BR #BA List $ Sale $
Single Family
286 Asbury St, Hamilton, MA 3 1 $229,900 $215,000
41 Grant Ave, Hamilton, MA 3 2 $299,900 $293,000
49 Margaret Rd, Hamilton, MA 4 2 $419,000 $435,000
92 Sagamore St, Hamilton, MA 4 2.5 $489,900 $450,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

Real Estate Transfers - Danvers, MA - February 2012

Address #BR #BA List $ Sale $
Single Family
3 Pilsbury Ave, Danvers, MA 3 1.5 $199,900 $212,000
424 Maple St, Danvers, MA 3 1 $224,900 $196,000
39 Chestnut St, Danvers, MA 3 1.5 $299,900 $291,500
2 Grant St, Danvers, MA 4 2 $355,900 $340,000
27 Patricia Rd, Danvers, MA 3 1.5 $369,000 $340,000
5 Graystone Dr, Danvers, MA 4 2 $409,900 $414,000
34 Wildwood Rd, Danvers, MA 4 3.5 $680,000 $615,000
Condominium
12 Central Ave #6, Danvers,   MA 2 1 $109,000 $100,000
71 Village Post Rd, Danvers, MA 2 2.5 $225,000 $230,000
14 Williams St, Danvers, MA 2 1.5 $232,000 $221,000
60 Liberty St #1, Danvers, MA 4 2.5 $249,900 $246,500
11 Alden St #B, Danvers, MA 4 2.5 $304,900 $300,000
11B MacArthur Blvd, Danvers,   MA 3 2 $319,900 $319,900
152 Water St #2, Danvers, MA 2 2 $445,900 $447,115
MultiFamily
8 Appleton St, Danvers, MA 2 Unit $293,000 $270,000
62N Putnam St, Danvers, MA 2 Unit $265,000 $247,500

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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Real Estate Transfers - Wenham, MA - February 2012

Address #BR #BA List $ Sale $
Single Family
78 Maple St, Wenham, MA 4 2 $197,900 $186,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

Real Estate Transfers - Beverly, MA - February 2012

Address #BR #BA List $ Sale $
Single Family
7 Lafayette Rd, Ipswich, MA 3 1 $267,400 $260,000
58 Mile Ln, Ipswich, MA 3 1 $334,900 $318,600
Condominium
68 River Point Dr #21,   Ipswich, MA 2 2.5 $364,900 $359,900
83 Baker Ave, Beverly, MA 3 1.5 $375,000 $355,000
58 Glidden St, Beverly, MA 3 2 $379,950 $365,000
7 Clifton Ave, Beverly, MA 3 2.5 $409,000 $409,000
7 Evergreen Dr, Beverly, MA 2 1 $420,000 $420,100
Condominium
103 Elliot St #9, Beverly, MA 1 1 $120,000 $125,500
4 Duck Pond #203, Beverly, MA 2 2 $180,500 $170,000
32 Arthur St #3, Beverly, MA 2 1 $199,900 $195,000
82 Dodge St #2, Beverly, MA 2 2.5 $299,900 $296,000
1 Beach St #5, Beverly, MA 4 3.5 $689,500 $667,500
MultiFamily
7 Judson St, Beverly, MA 3 Unit $369,000 $330,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

Real Estate Transfers - Ipswich, MA - February 2012

Address #BR #BA List $ Sale $
Single Family
7 Lafayette Rd, Ipswich, MA 3 1 $267,400 $260,000
58 Mile Ln, Ipswich, MA 3 1 $334,900 $318,600
Condominium
68 River Point Dr #21,   Ipswich, MA 2 2.5 $364,900 $359,900

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.