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Massachusetts Home Buyer Guide

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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

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

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

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.

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.

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

Do Massachusetts Home Buyers Pay Taxes When Buying a Home?

Apr 6, 2021 5:42:00 AM

No, Massachusetts home buyers do not pay taxes on the purchase of real estate, but home sellers do pay something called tax stamps.

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Topics: Home-buying Tips, Real Estate Misc., Massachusetts Relocation, Real Estate Law, Boston Relocation

Pre-Offer Home Inspections. What Massachusetts Homebuyers Should Know.

Jan 21, 2021 1:54:39 PM

A buyer agent should never recommend homebuyers waive their home inspection; however, homebuyers have an option to make their offer more appealing without completely giving up their ability to have the property inspected.

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Topics: Home-buying Tips

5 Credit Score Myths Homebuyers Should Know

Jan 9, 2021 9:21:00 AM

What is the recipe for those 11 herbs and spices? How does that cola taste that way? How did they come up with my credit score?

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

What is Debt-to-Income Ratio for Massachusetts Homebuyers?

Dec 1, 2020 8:58:34 AM

Massachusetts homebuyers should understand their debt-to-income ratio when applying for a mortgage loan because it is one way in which lenders measure your ability to manage monthly mortgage payments.

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Topics: Home-buying Tips, Mortgages 101, Loan Programs

What to Know About Biden's First-time Homebuyer Tax Credit?

Nov 15, 2020 9:23:02 PM

Then-candidate and now president-elect Joe Biden proposed several housing initiatives, including a first-time homebuyer tax credit "up to" $15,000.

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

What Massachusetts Homebuyers Should Know About Using Propane to Heat

Sep 9, 2020 8:58:12 AM

Many prospective homebuyers are surprised to learn the home they are touring uses propane gas to fuel the furnace or boiler.

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Topics: Home-buying Tips

   

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