‘Convert to Condo’ Workshop October 18th

Learn How to Cash-In on Your Medford Multi-Family

ePlace Real Estate Announces Fall Condo Conversion Workshop for Medford Residents

Condo sales in Medford are up nearly 40% since 2010 and almost 20% since 2014. With even more first-time buyers being priced out of surrounding towns such as Cambridge, Somerville and Arlington, prospective homeowners are looking to Medford for affordable homeownership options. By converting multi-family homes into condominium units sellers are earning up to 30% more for their homes and increasing the stock of moderately-priced housing.

Today, ePlace Real Estate announces its fall “Convert to Condo” Workshop for Medford residents to be held on Tuesday October 18 at 6:30pm at Middlesex Federal Savings, 53 Riverside Ave. in Medford. Held in conjunction with Middlesex Federal Savings (Lender) and the Law Firm of Pressman & Kruskal in Cambridge, all Medford multi-family property owners are invited to this free event to educate them about the benefits of condo conversion.

This will be the second Condo Conversion workshop presented in Medford this year. The first workshop was held in March and attracted more than 25 Medford property owners. Two of the attendees – Stephen & Mary O’Connell of Gorham Road in Medford, successfully converted their 2-family home into 2 condo units during the 2016 spring sales market. Through the conversion process they were able to pay off their mortgage, reduce their cost of living, ease their home maintenance responsibilities, and buy a vacation property to enjoy in their retirement.

ePlace founder and principal partner Bill Scott comments, “We’ve found that there’s tremendous interest in condo conversion among multi-family owners. It provides a low-risk way to optimize return on a property or access cash and lower expenses while staying in the home. Our agents help orchestrate the entire process with minimal stress to the homeowner.”

ePlace, a real estate brokerage firm based in Central Square, Cambridge, primarily serves Cambridge, Somerville, Boston, and the greater Boston suburbs. Handling both sales and rentals, from studios and condos to high-end rentals and multi-million dollar homes, their office consists of 25 associates along with staff devoted to administration and marketing.

ePlace is distinguished by its high level of customer focus, professional marketing, highly visible location and signage, educational outreach, and by the depth of its connections with the local community. ePlace staff and associates offer workshops on home buying, real estate investing, condo conversion, and home marketing.

– Submitted by ePlace Real Estate