Posted by Jeffrey Chubb on Monday, February 28, 2022 at 6:26 PMBy Jeffrey Chubb / February 28, 2022Comment
The story of the Back Bay Continued...
The Back Bay is considered one of the crown jewels neighborhoods of Boston. It’s got it all from a premier location to one of the most beautiful city settings one could ask for…
When people think of Boston, they don’t know it, but they generally think of either Beacon Hill or the Back Bay. But the two neighborhoods are very different. The Back Bay used to be just that… a Bay. They started filling in the Bay in 1857 and was filled in 1882. This is important because the Bay it was built on is creating some problems for houses today… Big problems which we will talk about a little later…
What was once planned as only a Residential neighborhood would later be adjusted to allow Commercial property and now today holds some of Boston’s most iconic buildings. These include the Prudential Center, the John Hancock Tower and all of the world-renowned retail on Newbury Street.
Today a little more than 21,000 people call the Back Bay home. These lucky folks are drawn to this neighborhood because of its convenience as a centrally located neighborhood as well as its overall beauty… It’s like living in a Postcard each day with its picturesque tree lined streets and parks.
The Back Bay is different than a lot of other neighborhoods as it doesn’t have neighborhoods within the neighborhoods if you will. You have two sections of the Back Bay… Okay, it’s really three sections. You have the area that is closest to the Public Garden then the area down by Mass Avenue and then the third area is across from Mass Pike. And the affordability of the neighborhood goes in that order as well with the area by Public Gardens being the most premier areas and therefore the costliest. And by the way… I use the term “affordability” very loosely…
Posted by Jeffrey Chubb on Sunday, February 20, 2022 at 8:41 PMBy Jeffrey Chubb / February 20, 2022Comment
Title Town Duel: East Boston vs. South Boston
Today we are going to witness an anticipated match against East vs. South. In the Red corner we have South Boston who is officially weighing in as the home to 32,000 residents. And in the Blue Corner, we have East Boston who is officially weighing in as the home to 40,000 residents. Ladies and gentlemen, boys and girls… LETS GET READY TO RUMBLE!
To choose the victor of the battle between East and South Boston, we will be looking at and comparing 7 different categories. These categories include Commuting Access, Affordability, Education, Culture & Environment, Green Space, Amenities and Crime Rates. Now, by law because I am a licensed professional... I am not allowed to say which neighborhood is better or which neighborhood is the winner… SO, that means it is up to YOU. You get to decide who the winner is… Put your vote for which neighborhood is the winner in the comment section below. The winning neighborhood will move on to the next round.
Now I am assuming that you know all about East Boston and South Boston. But if you are looking to learn more about these exceptional towns then at the end of this blog be sure to check out our in-depth analysis of each of these amazing Boston neighborhoods.
So... Let's get this competition going!
This one should be an easy comparison. As facts don’t lie… But again, because I am licensed… I am not allowed to spout out any crime stats. It’s absurd. This I know. But what I can do, is point to research done by someone else and talk about that… So here we go!
I utilized the website Areavibes.com. This website has a lot of information about different areas around the country and includes grades on things like Cost of Living or Amenities… Or Crime!
Posted by Jeffrey Chubb on Sunday, February 20, 2022 at 8:36 PMBy Jeffrey Chubb / February 20, 2022Comment
Can you Break a Lease when Buying a house?
Timing a lease ending date and a home purchase perfectly is tough… Real tough. You need to start the process early in today’s market… So what are your options?
The first question I generally get in this situation is “Can I break a lease if I buy a house?”. Now every lease is different, but I have not seen too many leases that give you an easy no penalty out. So generally speaking, the answer here is no… That is unless you get permission from your landlord.
Now breaking lease laws differ by state, so the options and consequences may look different depending on where you live. Even if you can’t legally end a lease, there may be a few other methods that could get you out of your lease.
Honesty is the best policy. And that is also the case when it comes to buying a house. The first thing you want to do is let your landlord or property manager know that you are looking for a new home. Larger buildings will generally have policies that relate to breaking a lease while smaller landlords may just ask for you to work with them in the process. Heck, if you are paying below market rent… Then the landlord may even be excited to get the apartment back and re-rent it!
The first thing you will want to do is look for a Home Buying Clause in your lease. Very few leases have these, but you may be one of the lucky few. If your lease includes a home buying clause, this means that you can terminate your lease early if you have bought a new home. This is provided that you give your landlord proper notice.
If you don’t have a Home Buying Clause, then you can try to buy your way out. Your lease may say that you can terminate your lease by paying an early termination fee. The cost of this fee can vary based on the terms laid out in the lease. Generally speaking, you can expect to pay a minimum of 1 to 2 months rent as a penalty for breaking the lease....
Posted by Jeffrey Chubb on Thursday, February 17, 2022 at 2:32 PMBy Jeffrey Chubb / February 17, 2022Comment
The Final Walk Through
The Final Walk Through. Let’s talk about what it is. Why it is important. And when it happens.
Hey it’s Jeff Chubb, welcome to the channel. To learn more about real estate then don’t forget to click the subscribe and like button. And if you want to talk Real Estate mano ye mano… Then find my info in the description below!
The final walk through is an essential step of the home buying and selling process.
So, what is it? The final walk through is just that. It is a time when a buyer walks through a property that they are purchasing to verify that they are receiving the property in the promised condition and there is no debris left behind.
When does it happen? The final walk through generally happens the day of or the day before closing. The reason that the final walk through happens so close to closing is that the buyer owns any and all issues that happen between the actual walk through and when they have closed.
Why is it important? This is an actual example that happened to me. We had a closing scheduled for Thursday. My client moved out of the house over the weekend with the last day of them being in the property on Sunday night with no issues and the property ready to be delivered in “broom swept” condition.
The buyer had scheduled the final walk through on Wednesday night. They showed up and started walking around the house when they noticed some water. They opened the basement door to find the basement literally full of water. Sometime between Sunday night and Wednesday night, a pipe burst in the second-floor bathroom. Traveled down from the second floor through the first floor and into the basement. If this was a car, the equivalent of...