Massachusetts homebuyers will not just be paying more for houses and interest on home loans in 2016. They'll be paying about 4 percent more for property taxes, according to an analysis by The Boston Globe of 328 of the state's 351 communities for which comparable data were available.
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Topics:
Real Estate Market,
Home-buying Tips,
Community Information
The new Truth-in-lending RESPA Integrated Disclosure (TRID) rules, which went into effect in October, came with some new real estate industry jargon, as well as a new tool for homebuyers to compare home loans offered by competing lenders.
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Topics:
Home-buying Tips,
Mortgages 101,
Mortgage Rates & News
Not since Y2K have so many predicted such great disruption and chaos in our lives.
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Topics:
Home-buying Tips,
Mortgages 101,
Mortgage Rates & News,
Real Estate Law
The United States Department of Housing and Urban Development (HUD) recently rolled out a new program designed to revitalize certain targeted geographic areas. Through HUD’s Good Neighbor Next Door program, certain Massachusetts homebuyers can purchase a HUD-owned property for a 50 percent discount on the list price of the home.
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Topics:
Foreclosure News,
Home-buying Tips,
Real Estate Misc.
Massachusetts, New Hampshire, and Rhode Island Allow Dual Agency
Dual Agency is when a real estate agent represents both the seller and the homebuyer in the same real estate transaction. In such a case, that real estate professional is known as a dual agent.
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Topics:
Home-buying Tips,
Condominium,
Real Estate Misc.,
Real Estate Law
Should Boston area listing agents schedule open houses the same time as a New England Patriots game?
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Topics:
Home-buying Tips,
Real Estate Misc.
In addition to the down payment, homebuyers need to pay closing costs. Closing costs are the collection of fees, expenses, and charges associated with purchasing a home with a mortgage loan.
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Topics:
Home-buying Tips,
Mortgages 101,
Real Estate Misc.,
Massachusetts Relocation
The following audio (set to video) is from an interview on June 4, 2015 on Boston Herald Radio's The Money Show with host Rick Shaffer. Rick Shaffer has hosted The Money Show on various Boston area radio stations for more than 20 years. Buyers Brokers Only, LLC's co-founder and co-owner Rich Rosa discussed the history of Buyers Brokers Only, LLC; the difference between a designated buyer agent and an exclusive buyer agent; the Greater Boston Area real estate market; the importance of retaining a real estate attorney; the pitfalls of attending open houses without a buyer agent and other home-buying tips. Listen to all of Rich's appearances on Boston Herald Radio.
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Topics:
Real Estate Market,
Home-buying Tips,
Real Estate Law,
Video
Some potential Massachusetts home buyers may be sitting on the real estate sidelines because of misconceptions about what it takes to secure a home loan, according to a recent survey by Wells Fargo and Ipsos Public Affairs.
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Topics:
Home-buying Tips,
Mortgages 101
The following audio (set to video) is from an interview on February 27, 2015 on Boston Herald Radio's The Money Show with host Rick Shaffer. The Money Show has been on various Boston area radio stations for more than 20 years. Buyers Brokers Only, LLC's co-founder and co-owner Rich Rosa discussed the history of Buyers Brokers Only, LLC; the difference between a designated buyer agent and an exclusive buyer agent; the real estate market; mortgage programs; and other home buyer tips.
more
Topics:
Real Estate Market,
Home-buying Tips,
Video
It's not easy for first-time home buyers to save for a down payment, closing costs and the reserves their lender will require they have in their bank accounts after closing. It's especially difficult in the Greater Boston Area.
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Topics:
Home-buying Tips,
Real Estate Misc.,
Boston