Homebuyers moving to the Boston area should familiarize themselves not only with real estate property taxes, but also several other taxes that will impact the overall cost of relocating to Massachusetts. Besides real estate property taxes, Massachusetts has an income tax, a sales tax, an excise tax, and a tax related to the failure to obtain health insurance.
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Topics:
Real Estate Misc.,
Massachusetts Relocation,
Boston Relocation
In real estate, a "flip," or "flipped home," is when a real estate investor purchases a home that typically is in some stage of distress, makes repairs to and updates the property, intending to resell it quickly to a homebuyer for a profit.
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Topics:
Home-buying Tips,
Real Estate Misc.,
first-time hombuyer
Mortgage loan interest rates in the United States increased 23 basis points for the week ending January 13, 2022, approaching a two-year high, according to Freddie Mac's weekly Primary Mortgage Market Survey.
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Topics:
Mortgage Rates & News
For the past 40 years, the National Association of Realtors (NAR) has published an annual report on the state of the nation's real state market. The 2021 report covers the peak of the COVID-19 crisis and offers some interesting insights on homebuyer behavior in the past year.
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Topics:
Real Estate Market,
Real Estate Misc.,
National Association of Realtors,
first-time hombuyer
An unfortunate scenario repeatedly occurs every weekend in the Greater Boston area. It plays out something like this.
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Topics:
Home-buying Tips,
Real Estate Misc.
Massachusetts single-family home sales were flat through October 2021, but median home prices surged double digits during the first 10 months of the year.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors
After dropping for two consecutive weeks, U.S. mortgage interest rates dipped below 3 percent again, according to Freddie Mac's weekly Primary Mortgage Market Survey.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Mortgage Rates & News,
New Hampshire,
New Hampshire Association of Realtors,
Rhode Island Association of Realtors,
Rhode Island,
New Hampshire Home Prices,
Rhode Island Home Prices
After increasing a bit for the week ending August 12, 2021, U.S. mortgage interest rates have remained relatively flat over the past two weeks, according to Freddie Mac's Primary Mortgage Market Survey.
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Topics:
Mortgage Rates & News
For many Massachusetts first-time home buyers – and for move-up buyers who might have lost equity in their homes during a real estate downturn – the biggest obstacle to purchasing a home often is saving enough money for the down payment and closing costs.
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Topics:
Home-buying Tips,
Condominium,
Mortgages 101,
Real Estate Misc.
U.S. Mortgage interest rates decreased for the third consecutive week for the week ending July 15, 2021, according to Freddie Mac's weekly Primary Mortgage Market Survey.
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Topics:
Mortgage Rates & News
When a homebuyer buys a home, the mortgage lender will want to know whether the house, condominium, or multi-family home is worth the amount of money the homebuyer has agreed to pay. The lender needs to evaluate the home to discover anything that might negatively or positively impact the home's fair market value. To determine a home's value, lenders order a home appraisal.
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Topics:
Home-buying Tips
U.S. mortgage interest rates decreased for the week ending April 8, 2021, the first decline in interest rates after seven straight weeks of increases, according to Freddie Mac's weekly Primary Mortgage Market Survey.
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Topics:
Mortgage Rates & News