The Boston2.com Real Estate Blog

The Foreclosure Process & Foreclosure Help

So you or someone you know have fallen on hard times and are facing foreclosure. It happens to the best of us with the majority of the times from situations that are out of our control. Divorce, illness, death and job loss are some of the reasons that come to mind. 

I know how it feels. I too have fallen on hard times. I can also remember being a kid and losing our family home. I’ve been there and remember the helping hand that my parents received. 

My name is Jeff Chubb and I am a recovering Investment banker, turned real estate agent that has sold more than a 1,000 homes. I have extensive experience in working with folks who are facing some hard times and even harder decisions… It doesn’t matter where you live. It doesn’t matter where you are in the foreclosure process,. give me a call, shoot me an email or stop by YouTubeRealEstateAgent.com and fill in your information and we will reach out to you!  I am hoping to be your helping hand through this situation. 

It’s important to know that your Foreclosure Options change depending on how much time you have and where you are in the Foreclosure Process. You will have a lot more and frankly better Foreclosure options available If you have just missed your second Mortgage Payment compared to having a Foreclosure Sale Date on your house tomorrow. We are going to talk about all the Foreclosure Options available to you shortly, but first let’s make sure we understand the Foreclosure Process first. 

Remember that not all situations are alike. As an example, you are reserved special rights if you are in the military service and away in active duty or even if your loan is a Foreclosure FHA loan or Foreclosure VA Loan. If that...

Why Sell a House for Below Market Value?

Why would anyone sell their house at a price that was below market value? This is a question that I get quite often and one that I am going to answer in this video. 

Real quick, my name is Jeff Chubb and I am a recovering Investment banker, turned real estate agent that has sold more than a 1,000 homes. We get calls, texts and emails from folks just like you who are looking to make a move or sell their home in the Boston Metro area and I absolutely love it! So whether you are looking to make a move in the next 9 or 90 days… It doesn’t matter. Give us a call, shoot us an email or stop by YouTubeRealEstateAgent.com and fill in your information and we will reach out to you! 

One of our businesses is buying a house at favorable terms and selling it for a profit. But here is the thing, we always make sure that the people that we are buying the house from are aware that we are buying it for below market value and are going to sell it for a profit. 

So why would anyone ever sell their house to me for less than it’s worth even with the retail market value numbers in front of them?

There are a multitude of reasons. Maybe they have already tried to sell their house the traditional way and that process was too slow. 

But I would say that 95% of the time, we buy houses from people that are in one of the five following situations: Preforeclosure, Divorce, Health or Safety, Inheritance or tired landlords. 

All of these people have a big problem and don’t want to list their house the traditional way. Maybe they just don’t want their neighbors knowing a situation...

Home Prices are Going Down

Home prices are going down and they are about to go down by a lot… but it’s probably not what you think. 

In this video, we are going to talk about how in the next 6 months you will hear a lot about how home prices are down by X percent from their peak. We will also talk about the pitfalls to watch out for. 

Real quick, my name is Jeff Chubb and I am a recovering Investment banker, turned real estate agent that has sold more than a 1,000 homes. We get calls, texts and emails from folks just like you who are looking to make a move in the Boston Metro area and I absolutely love it! So whether you are looking to make a move in the next 9 or 90 days… It doesn’t matter. Give us a call, shoot us an email or stop by YouTubeRealEstateAgent.com and fill in your information and we will reach out to you! 

Home prices are currently down 1.37% from their peak in June.. With a lot further to fall. Let’s talk about this junk statistic. 

Yes, as you can see here. Home prices are down in the month of July from the peak in June. It’s true! But take a look at what happened last year. How about the year before that as well? As you can see, home prices climb in the first half of the year while peaking in June and then retreat in the second half of the year while finding a bottom in October and November. 

Last year in 2022, the statement you were getting from the expert class was that “Home prices are down by whatever percent they wanted to champion FROM THEIR PEAK”. The from their peak was the very important part of that statement. Here in Massachusetts, that number was 15% off their peak in 2022. 

But I ask you this. Why was it that we didn’t hear...

Jeff: How high will interest rates go?
Sammy: And how will those higher rates impact us? And stick around to the end to hear our projections on how high rates will go…
Jeff: Those are the questions that we are going to tackle in today's video. But first, Hi, I am Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 houses.
Sammy: And I am Sammy Iliopoulos with Guaranteed Rate and am one of the top loan officers in the country.
Jeff: So rates are rising Sammy… What is happening and how is it impacting all of us?
Sammy: Oh man! Lots to discuss and a very complex question.
...

How to Buy Your First Rental Property

Jeff: What are the steps on buying your first rental property?
Sammy: And what are the pitfalls that you should be looking out for?
Jeff: These are the questions that we are going to tackle in today's video. But first, Hi, I am Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 houses.
Sammy: And I am Sammy Iliopoulos with Guaranteed Rate and am one of the top loan officers in the country. Alright, Jeff. So, what is the first step when it comes to buying a rental property?
Jeff: Step One is defining your investment goals. You need to know what success looks like, so that way when we find it… Then you can act!
Sammy: So what are some of the things that a potential investor should be thinking about when defining their investment goals.
Jeff: Great question. Defining these goals could be clarity on what type of investment is this going to be. Is this one that you are looking to be more of a passive investment or are you looking to roll up your sleeves and get dirty? Another major part of defining your goals is determining what would be an acceptable return on this investment.
Sammy: That makes...

Florida to Massachusetts

I have to say that I was a little shocked by this one. The fifth most popular state which had people relocate to Massachusetts was Florida. Don’t get me wrong, the net migration is in Florida’s favor, but there are still a considerable amount of people that are coming to the great white north. 

Let’s talk about a comparison of these two states and give you a little bit of what to expect if you are considering making the move from Florida to Massachusetts.

But first… My name is Jeff Chubb and I am a recovering investment banker turned real estate agent that has sold more than 1,000 houses. We get calls, texts and emails from folks just like you who are looking to make a move in the Boston Metro area and I absolutely love it! So whether you are looking to make a move in the next 9 or 90 days… It doesn’t matter. Give us a call, shoot us an email or stop by YouTubeRealEstateAgent.com and fill in your information and we will reach out to you! 

Okay let’s talk about the Cost as the first category.

Generally speaking, Massachusetts is more expensive than Florida. Okay, so what do I mean by generally… If you are moving from Miami to Worcester, then you are most likely going to be pretty excited about the bump in value that Worcester is going to offer you… 

Pre-Covid, this was almost a not fair fight. But Covid has helped level the playing field a bit. A bit. 

Nerdwallet.com has a cost of living Calculator and they do the calculator for Miami to Boston. They state that the cost of living is 27% higher in Boston than it is in Miami. In other words, if you live in Miami and make $100,000 of pretax money, then you would need to earn a salary of $127,070 in Boston. ...

July treated the Single Family, Condo and Multi-Family Market… WELL! With one market that was WAYYY up!

Is this the good time before the storm? 

If you are looking to hear about the Massachusetts Real Estate Market data for the month of July for Single Family Homes, Condos and Multi-Family properties… Then you are in the right place.

It’s important to know this information if you are in the market to buy or sell a home, going to be in the real estate market in the future or just want to know what is going on in regards to what is most likely your largest investment.  

Let’s get down to business, but first… 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more then a 1,000 homes and is one of the state’s top agents. If you have any questions about real estate, then I am here to help!  

Let’s start with Single Families. Check out all the Quincy Homes For Sale!

In July of 2023, we saw 3,603 Single Family homes sell for an average sales price of $808 thousand dollars. 

Let’s start with the sales comparison. In regards to sales, it’s pretty much more of the same. The July number of sales decreased by an amount of 21% from last year's 4,561 units sold in July of 2022. For the last 6 months, the average decrease in sales has been a decrease in sales of 22.7%. 

I have said...

Moving to the Boston Suburbs and getting to know the town of Weymouth. Weymouth is a suburb located just South of Boston. In this video, we will talk about the different areas that make up Weymouth and what this great town has to offer from restaurants to schools to greenspace and neighborhoods that Weymouth has to offer. I have included it all… Or at least tried to. If I missed anything or if you have any questions, then always feel free to reach out or throw a comment in the comment section below.

Weymouth is a town located in Norfolk County and is located about 12 miles South of Boston and was incorporated in 1635. When people talk about the South Shore, then Weymouth would be a community that would be in the conversation. Today the town is a thriving community with a population of about 55,000 people. It is a popular community among folks looking to live in a suburb, but still wanting to be close to Boston.

Hey, it’s Jeff Chubb. I am a recovering investment banker turned real estate agent that has sold more then a 1,000 homes and am one of the states top agents. To learn more about real estate then don’t forget to click the subscribe and like button below. And if you want to talk about your own personal real estate needs, then I invite you to reach out as I love talking Real Estate!

What makes Weymouth Homes For Sale so great is that despite it’s close proximity to Boston, it has a small-town feel with a strong sense of community. There are many local events and festivals throughout the year that make residents proud to call Weymouth their home and add to their high quality of life. 

Weymouth has a number of notable landmarks and points of interests. The town is home to the Wessagussett Beach which is a popular spot for swimming and sunbathing. It offers...

Why Everyone is Leaving Boston, Massachusetts

People are moving to Boston every single day… But there are some people that are moving out! According to census data, they estimate that there were 675,000 people that lived in Boston on April 1, 2020. This is compared to the 650,000 that lived there on July 1st 2022. 

So people are moving from Boston. So I wanted to figure out why are they leaving? And that is what we are going to explore in this video. But stick with us to the end and we will talk about where these people are moving to… And the answer may just surprise you! 

Hey, it’s Jeff Chubb. I am a recovering investment banker, turned real estate agent that has sold more than a 1,000 homes. We get calls, texts and emails from folks just like you who are looking to make a move in the Boston Metro area and I absolutely love it! So whether you are looking to make a move in the next 9 or 90 days… It doesn’t matter. Give us a call, shoot us an email or stop by YouTubeRealEstateAgent.com and fill in your information and we will reach out to you! 

So why are people moving from Boston? 

Weather
As one of the most mosaic of reasons behind why people leave Boston… One recurring theme that constantly stands out is the weather. I have said that I personally don’t think it’s that bad, but for some… They just can’t handle the cold! 

I think what can drive me the most crazy is the unpredictable extremes. It’s not unheard of to walk out the door in a short sleeve shirt in the morning and be regretting that decision by the afternoon. But we have all the seasons, which I personally like. My biggest peeve is the winters where we get no snow. You heard that right, no snow winters! I feel like it’s either a winter where we are getting whooped with snow or it’s a winter where the snow blower never comes...

California to Massachusetts

Using the most recent stats, the fourth state that people relocated to Massachusetts from was California. Let’s talk about a comparison of these two states and give you a little bit of what to expect if you are considering making the move from California to Massachusetts. It’s like moving from Goliath to David… And if memory serves me correctly… David won! 

Before we get into this all… My name is Jeff Chubb and I am a recovering investment banker turned real estate agent that has sold more than 1,000 houses. If you are new to the channel then I appreciate you considering subscribing and if you are thinking about buying or selling a home… Then you should definitely reach out! 

I am going to do my best to stay away from the LA city to Boston comparison, but be on the lookout for some future videos as I actually think that could be a great idea!

Okay let’s talk about the Cost as the first category.

Neither state here is a bargain. But California makes Massachuseetts look gooooood. California has a couple major and expensive metro areas like San Francisco and Los Angeles. But California is so much more as there is a lot in between those major cities. 

We will talk about the difference in taxes shortly as there are some major differences here. 

Nerdwallet.com has a cost of living Calculator and they do the calculator for city to city comparisons. For the Boston to San Francisco calculation, it would take $100,000 in San Francisco to have the same cost of living in Boston with a salary of $81,389. This means that the cost of living in Boston is 19% lower. Los Angeles and Boston are actually similar...

New York to Massachusetts

Using the most recent stats, the #1 state that people relocated to Massachusetts from was New York. I am going to try to keep it as much as a state versus state comparison as I can… And I think I may definitely have to do a Manhattan vs. Boston comparison as well.. Especially since I moved to Boston from New York! 

Let’s talk about a comparison of these two states and give you a little bit of what to expect if you are considering making the move from New York to Massachusetts.

But first… My name is Jeff Chubb and I am a recovering investment banker turned real estate agent that has sold more than 1,000 houses. If you are new to the channel then I appreciate you considering subscribing and if you are thinking about buying or selling a home… Then you should definitely reach out! 

And second… Let’s set the record state.. New York is not part of New England. 

Okay let’s talk about the Cost as the first category.

 As two northern states, neither are exactly a bargain to live in. Generally speaking, the more North in New York that you go, the better the value… or the less expensive it is I should say. SImilarly and generally speaking, the more west you go in the state of Massachusetts, then the less expensive it becomes. The Boston area and really the Eastern coast of Massachusetts is the epicenter of expense. Just like New York City is for the state of New York. 

We will talk about the difference in taxes shortly as this was a major difference that I personally noticed and enjoyed when I made the move. 

Nerdwallet.com has a cost of living Calculator and they do the calculator for Boston to New York City. They state that the cost of living is 60% higher in New York...

Top 10 Boston Suburbs for First Time Home Buyers

Let’s take a look at the top 10 suburbs for First Time home buyers in the Boston Metro market. 

How did we get to this top 10 list? First, a suburb would only be eligible if it was under the average sales price of $800,000. The further below the sales price, the more points that town received. The closer the town is to Boston, then the more points that town received. If the town had a commuter rail, then the community got some more points. If not, then they got no points. We used the Boston Magazine School Rankings to determine more points. The higher the school ranking, then the more points the town got. And then we also factored in Violent Crime. The less violent crime, then the more points the town got. Add them all up and there is our top 10 list. No feelings. No bias towards the North Shore, Metro West or South Shore. All a numerical calculation. 

Real quick, my name is Jeff Chubb and I am a recovering investment banker turned real estate agent that has sold more than 1,000 houses. If you are new to the channel then I appreciate you considering subscribing and if you are thinking about buying or selling a home… Then you should definitely reach out! 

Number Ten is Wilmington, MA. Wilmington is situated approximately 15 miles north of Boston. 93 runs through WIlmington and it’s a stones throw from the 93/95 split. The town also has two Commuter Rail stops which in combination of 93 proximity helps make this a relative commuter's paradise! Wilmington’s population is around 23,000 residents. The town is located near major highways and public transportation which allows for an easy commute to Boston. People who call Wilmington Homes For Sale home enjoy numerous parks,...