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Massachusetts Home Buyer Guide


Massachusetts Home Buyers, Open Houses and Too Much Information

Sep 2, 2014 6:13:00 PM

At an open house recently in Boston for a Back Bay condo, a potential home buyer could be easily overheard providing the agent representing the seller with all kinds of personal information, none of which would have helped her get a good deal, but all of which may have helped a seller during negotiations. 


Topics: Home-buying Tips, Condominium

Loan Commitment Date Critical For Massachusetts Home Buyers

Jul 31, 2014 5:33:00 PM

Massachusetts homebuyers need to thoroughly understand the importance of the loan commitment date when purchasing a home and how failing to do so may result in the loss of their deposits.

The failure of a home buyer to receive a clean loan commitment letter, extend the loan commitment deadline or to terminate the contract with the seller before the loan commitment deadline passes puts him or her in jeopardy of losing deposits made at the time the offer to purchase and purchase and sale agreement were signed. For many home buyers, these deposits total 5 percent of the purchase price of the home they intend to purchase. 


Topics: Home-buying Tips, Condominium, Mortgages 101, Real Estate Law

Massachusetts Home Sales Down 5.9%, Home Prices Up 7.3% February 2014

Mar 26, 2014 11:34:00 AM

Massachusetts single-family home sales declined 5.9 percent in February compared to February 2013, the Massachusetts Association of Realtors (MAR) reported March 25, 2014, citing a lack of inventory as the cause of the slowdown in home sales.

On the other hand, the lack of inventory has put pressure on home prices. The median price for single-family homes sold in February was $294,950, an increase of 7.3 percent from $275,000 in February 2013. February marked the 17th straight monthly year-over-year increase in median price in the Bay State. On a month-to-month basis, February's median price declined 7.8 percent from $320,000 in January 2014.

Massachusetts median home prices increased 9.2 percent in 2013, much more in some sought-after city and towns, but it appears price growth may be slowing in 2014, as higher interest rates and home prices have lessened affordability. 


Topics: Real Estate Market, Condominium, Massachusetts Home Prices, Massachusetts Association of Realtors

Are Home Warranties Worth The Money For Home Buyers?

Dec 4, 2012 10:45:00 AM

Will home warranty companies top the list of companies that receive the worst grades on Angie's List for a seventh straight year? Home warranty companies consistently perform poorly, according to Angie's List members.


Topics: Home-buying Tips, Condominium, Real Estate Misc., Video


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