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Massachusetts Home Buyer Guide

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5 Taxes Homebuyers Should Know About When Moving to Massachusetts

Jan 26, 2022 11:59:00 AM

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

Should Massachusetts Homebuyers Buy a Flipped Home?

Jan 24, 2022 7:56:59 PM

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 Interest Rates Up Nearly a Quarter Point, Near Two-year High

Jan 15, 2022 6:34:07 PM

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

NAR: Proximity to Family and Friends Motivated Homebuyers in Past Year

Dec 18, 2021 7:34:42 PM

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

Massachusetts Homebuyers Regret Waiting Too Long to Prepare to Buy

Dec 6, 2021 4:45:00 PM

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.

Homebuyers Paying More for Homes in Massachusetts Through October 2021

Nov 26, 2021 6:04:04 PM

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

Mortgage Rates Below 3 Percent After Falling Two Straight Weeks

Nov 15, 2021 1:40:00 PM

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

Mortgage Rates Hold Steady For Second Week

Aug 28, 2021 9:26:29 AM

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

What Does It Mean When a Seller Pays Closing Costs in Massachusetts?

Jul 19, 2021 4:08:39 PM

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.

Mortgage Interest Rates Decline, Forecast to Rise Later in the Year

Jul 17, 2021 8:47:09 AM

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

4 Questions First-time Homebuyers Ask About Appraisals

Jul 7, 2021 9:54:12 PM

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

Mortgage Interest Rates Decline After Nearly Two-month Rise

Apr 10, 2021 8:26:18 PM

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

   

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