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
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
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.
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.
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
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
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
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.
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
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
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
It's peculiar and, at the same time, somewhat amusing and sad, to watch people dressed as burglars, donning masks, gloves, and shoe booties, tentatively walking through homes for sale.
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Topics:
Real Estate Market,
Home-buying Tips