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Massachusetts Home Buyer Guide

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Homebuyers Ask, 'Will the Real Estate Market Crash in 2022?'

Feb 27, 2022 10:14:35 AM

After a decade of rising home prices in Massachusetts, it's not surprising prospective homebuyers are asking, "Will the real estate market crash in 2022?" 

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

What is a Special Assessment for a Condo? | HOA Fees

Feb 20, 2022 5:43:39 PM

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.

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

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 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

   

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