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Massachusetts Home Buyer Guide

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What Does Proration in Real Estate Mean to Massachusetts Homebuyers?

Feb 17, 2022 10:30:35 AM

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

Massachusetts First-time Homebuyers Faced a Tough 2021 Housing ​Market

Jan 29, 2022 12:48:35 PM

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

How to Buy a Condo in Massachusetts

Jan 26, 2022 12:45:00 PM

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

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

Massachusetts Homebuyers Should Know About Accessory Dwelling Units

Dec 23, 2021 2:53:10 PM

An accessory dwelling unit (ADU) is not a new concept.  ADUs have been around in some form in the United States for nearly as long as housing. 

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Topics: Home-buying Tips, Real Estate Misc., Real Estate Law, Homeowner Tips

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

   

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