One of the attractions of living in a condominium is the freedom from exterior maintenance, such as mowing lawns and cleaning pools. Community amenities like clubhouses and tennis courts offer additional recreation and entertaining options not always possible in a single-family home.
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Topics:
Home-buying Tips,
Condominium,
Real Estate Misc.
Massachusetts home buyers are responsible for certain "prorated" items in addition to their down payment, closing costs, pre-paid interest, and escrowed taxes.
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Topics:
Home-buying Tips
Real estate inventory was scarce last year. Then bidding wars ensued. Homebuyers waived way too many contingencies, and they were outbid anyway, once or twice, or maybe 15 times. Home prices increased by double digits. Many persistent buyers succeeded in purchasing a home, and others did not.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Arlington MA,
Massachusetts Association of Realtors,
Melrose MA,
Walpole MA,
Westwood MA,
Rockland MA,
Rowley MA,
Beverly MA,
Medway MA
Buying a condominium in the Boston area or around Massachusetts can be a great home option, but there is much for homebuyers to consider before deciding which condo or townhouse is a smart choice. Finding the right condominium requires home buyers to do their due diligence. The following 12 questions to ask will help you make a well-informed decision, avoid potential pitfalls, and learn how to buy a condo in Massachusetts.
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Topics:
Home-buying Tips,
Condominium
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