19 Somerset Ave, Beverly

ATTENTION: Off market Somerville 2Family ripe for condo conversion

Details: 2300sqft, plumbing and electrical, drywall all recently updated 1BR unit on 1st flr and 4BR unit on 2nd/3rd flr with possibility for adding basement living space to unit 1. Already rental grade with HW floors throughout. 4 off street parking spaces!! Easily worth over $1M after light rehab. East Somerville off of Pearl St close to 28 and 93. Please call David Briley 978-219-4736 for details!

Off Market 2 Bed Condo Available!

David Briley

978-219-4736

                                                 DavidBriley@OrtinsGroup.com

We just heard from a developer that has a large freshly renovated 3 bed, 2 bath townhouse.  It's about 1500 sqft (final dimensions coming).  It's the 2nd and 3rd floors.  $350k. New kitchens and baths, two living rooms. Open concept kitchen and dining. Newly finished dark hardwood floors. off street parking and more!  Located in North Salem off of North St near Peabody line. 

 

19 Somerset Pics Beverly MA

David Briley

978-219-4736

DavidBriley@OrtinsGroup.com

The Ortins Group is proud to share some progress photos of our latest project in North Beverly!

What is the Mandatory Disclosure Agreement?

Corey Jordan

 781-706-8294

 CoreyJordan@OrtinsGroup.com

Hey everyone, here's a short post on the Mandatory Disclosure form.

This form is different from an exclusive buyers agent contract. Some agencies will try to LOCK YOU IN to working with them through an exclusive buyers agent contract. At the Ortins Group all clients only sign the mandatory disclosure form.

There is no obligation to working with an agent by signing the mandatory disclosure form.  The mandatory disclosure form here in the pic below is a form that’s unique to the state of Massachusetts.  This disclosure, describes the relationships that exist through agency, a to a buyer and/or seller. This form is required to be presented to a client the 1^st time a specific property is discussed. 

The top of the page states that “This is not a contract,” like an exclusive buyer agreement, for example.  The signature on the bottom just documents for the agent’s brokerage and the state that the agent has disclosed his relationship with the potential clients.  The mandatory disclosure form is not a contract and it is clearly stated on the form.  Before the advent of this form, many clients were not fully aware of the different relationships that exist during a real estate transaction.  So this disclosure simply ensures the buyer and sellers best interest in understanding who works for them and who doesn’t. 

Here is a quick breakdown of the five different agent-consumer relationships:

Lets start with dual agency. This is the most rare form of representation. This means the agent is representing both buyer and seller in the same transaction. The agent should be neutral in regards to any conflicting interest of the seller and buyer. Agent must do their due diligence to satisfy both buyer and seller to the best of their ability. Both seller and buyer must agree in writing to use this representation.

Whenever an agent works to assist the buyer and seller to reach an agreement without representing either side in the transaction, this is non-agent facilitator.   While also pretty rare, the Ortins Group have done two of these recently!

When the buyer and seller have each have an agent from the same agency, this is called designated agency.  Each client assumes that only their agent works for them and understands that other agents in the office may br working on behalf of the other party in the transaction.  

The most common used agency is buyer’s agent and seller’s agent. This is when each agent works for only a buyer or only a seller in the same transaction and are from different brokerages. Complete fiduciary duty applies for each agent to their client on both sides of the transaction provided by agents. As above with designated agency, this type of agency assures that your agent works only for you during this transaction.

The disclosure ensures the client that their agent(s) provide the 6 traits of agency to their clients: obedience, loyalty, disclosure, confidentiality, accountability and reasonable care that they deserve.  

Thanks for reading!

Corey Jordan

The Ortins Group

781-706-8294

CoreyJordan@OrtinsGroup.com

22 Devon Ave, Beverly, MA CO and Smoke Detector Placement

David Briley

978-219-4736

DavidBriley@OrtinsGroup.com

Well, 22 Devon ave is ready to close in a few days and in preparation to sell, we're getting the property ready for a fire department inspection.

22 Devon Ave, Beverly, MA

David Briley

978-219-4736

$489,900 

3 Bedrooms, 2 1/2 baths, 2,000+ sq ft with finished basement

Classic New England colonial charm abounds in this lovely home.  Crown molding, warm colors and a perfect floor plan greet you upon entering.  Living room with fireplace opens up to dining room and California style study.  Second floor features hallway with built ins and a studio off of master bedroom.  Home has many closets and walk up attic with plenty of storage.  Finished walk out basement has bonus room, office, and utility room.  Basement room with exposed brick walls could easily be converted back to a wine cellar.

This home is on a quiet, shady side street, on a corner lot across from a park.  The hustle and bustle of the 9-5 world seem so far, but the convenience of highway access, shops and stores are only blocks away.  Nicely landscaped, fenced backyard and fresh paint are other exterior features that round out this home.  You’ll want to make yours as soon as you see it!

Want to see that wine cellar?  Check out the videos below!

Exterior Tour

1st Floor tour

Basement tour

Living Room Fireplace

1st Floor Study

Dining Room

Entrance Stairway