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Massachusetts Home Buyer Guide

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Open House Trap: Don't Fall for Smiles When Buying Boston Area Homes

May 2, 2024 5:44:19 PM

Spring has sprung, and the Greater Boston real estate market is blooming. While open houses might seem like a delightful way to spend a sunny afternoon browsing potential homes, there's a hidden danger lurking behind those charming smiles – a conflict of interest. 

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Topics: Real Estate Market, Home-buying Tips, Real Estate Misc.

Biden $10,000 Annual Tax Credit Plan Receives Praise, Criticism

Mar 14, 2024 1:57:26 PM

President Joseph Biden unveiled a comprehensive plan last week to reduce housing costs and make homeownership more accessible, particularly for first-time home buyers and low-income families.

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Topics: Real Estate Market, Home-buying Tips, Real Estate Misc.

When Do Home Buyers Make Their First Mortgage Payment?

Mar 2, 2024 5:26:43 PM

Embarking on your homeownership journey is an exciting milestone, but it also introduces new responsibilities, like making your first mortgage payment.

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Topics: Home-buying Tips, Mortgages 101, Real Estate Misc.

Flood Insurance 101: Essential Guide for First-Time Homebuyers

Mar 1, 2024 2:51:31 PM

In a recent episode of the NAEBA podcast "Listen Up Homebuyers," host Victoria Ray Henderson spoke with Jeff Jackson, Deputy Assistant Administrator for the Federal Insurance Directorate, who oversees flood insurance operations for FEMA's National Flood Insurance Program.

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Topics: Home-buying Tips, Real Estate Misc.

Despite Tight Inventory, Competition for Homes Eases a Bit

Nov 29, 2023 8:55:16 AM

The competition for homes in Massachusetts appears to have eased a bit during the first 10 months of 2023 despite the decline in real estate inventory.

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Topics: Real Estate Market, Home-buying Tips, Massachusetts Home Prices, Mortgage Rates & News

Should You Buy a Home Without A Buyer Agent?

Nov 13, 2023 11:52:12 AM

While the desire to own a home is wise and exciting, embarking on your Massachusetts home-buying journey without a buyer agent is akin to venturing into a complex maze without a guide, potentially leading to costly detours and missed opportunities.

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Topics: Home-buying Tips, Real Estate Misc., first-time hombuyer

Home Buyers: Don't Be Fooled By The 20% Down Payment Myth

Nov 4, 2023 1:36:43 PM

Prospective Massachusetts first-time home buyers have a variety of home loan programs to help them buy their first home with a low down payment, yet many new home buyers still believe they must have enough cash for a 20 percent down payment.

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Topics: Home-buying Tips, Mortgages 101

Navigating Home Warranty Contracts with Confidence in Massachusetts

Sep 20, 2023 12:32:51 PM

Purchasing a new home is a significant investment. Homebuyers should consider the total cost of home ownership, so protecting themselves from unexpected expenses is a reasonable concern.

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Topics: Home-buying Tips, Real Estate Misc.

Single-family Home vs. Condo: Which is Right For You?

Aug 29, 2023 6:47:35 PM

Are you a prospective first-time homebuyer trying to decide whether a condominium or a single-family home is best for your lifestyle?

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Topics: Home-buying Tips, Condominium, Real Estate Misc., first-time hombuyer

Are Higher Mortgage Rates to Blame for Scarce Real Estate Inventory?

Jul 23, 2023 5:23:12 PM

Mortgage interest rates have risen in recent months, significantly impacting Massachusetts and other real estate markets, primarily leading to fewer homes for sale.

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Topics: Real Estate Market, Home-buying Tips, Massachusetts Association of Realtors, Mortgage Rates & News

Waiving the Appraisal Contingency: What Home Buyers Should Consider

Jul 17, 2023 10:37:39 AM

In highly competitive real estate markets, home buyers often contemplate waiving essential contingencies to make their offers more attractive to sellers.

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Topics: Home-buying Tips, Real Estate Misc.

Indirect Hot Water Tanks: What Home Buyers Should Know

Jul 11, 2023 9:21:07 PM

Most prospective Massachusetts home buyers assume the tank near a home's heating system is a hot water heater, producing hot water for showers, washing clothes, or cleaning dishes. Most of the time, that's correct, but not always.

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Topics: Home-buying Tips, Real Estate Misc.

   

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