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Massachusetts Home Buyer Guide

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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.

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

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 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

Mortgage Interest Rates Drop, Purchase Applications Plummet

Apr 3, 2020 2:48:15 PM

Mortgage interest rates are a moving target. After plunging on coronavirus fears several weeks ago, interest rates have risen and fallen not just weekly but sometimes several times per day.

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Topics: Real Estate Market, Foreclosure News, Real Estate Misc., Mortgage Rates & News

How Will Coronavirus Impact Boston's Real Estate Market?

Mar 14, 2020 5:36:47 PM

First, let's start by stating the obvious. The health of homebuyers, sellers, real estate agents, their families, and others in the real estate industry is what's most important. It's wise to take precautions and put staying healthy first and foremost.

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Topics: Real Estate Market, Home-buying Tips, Real Estate Misc., Mortgage Rates & News

Never Mind Putting a Ring on It. All the Single Ladies Want Homes.

Mar 11, 2020 7:00:20 PM

Beyoncé may have had it wrong when she released her Grammy-winning hit "Single Ladies (Put a Ring on It)" in 2008. It appears more and more single women would prefer a home of their own.

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Topics: Real Estate Market, Massachusetts Association of Realtors, Real Estate Misc., National Association of Realtors

Mortgage Interest Rates Plunge on Coronavirus Uncertainty

Feb 26, 2020 9:48:26 PM

The worldwide spread of the coronavirus has sent shockwaves throughout global health care systems and governments, and the United States' stock market isn't the only financial indicator plunging as a result.

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Topics: Real Estate Market, Real Estate Misc., Mortgage Rates & News

Is There a Right Way to Buy a Home in Massachusetts?

Feb 17, 2020 5:52:51 PM

When we choose a car to buy, a career to pursue, a job to take, or a partner to spend a lifetime with, we want to make the right decision. We know it isn't possible, but we still want a straightforward roadmap to a successful outcome.

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

The Loan Application Deadline is Important to Massachusetts Homebuyers

Nov 24, 2019 8:58:21 PM

Massachusetts has two "offer to purchase" real estate forms commonly used by real estate professionals.

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Topics: Home-buying Tips, Massachusetts Association of Realtors, Real Estate Misc., Real Estate Law, Greater Boston Association of Realtors

Low Inventory Did Not Stop Massachusetts First-time Homebuyers in 2018

Feb 8, 2019 9:09:11 AM

Despite tight inventory and rising home prices, Massachusetts first-time homebuyers made up more than a third of buyers statewide in 2018, the National Association of Realtors (NAR) reported recently.

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Topics: Real Estate Market, Massachusetts Association of Realtors, Real Estate Misc., National Association of Realtors

What is a 'Perc' Test When Buying Land in Massachusetts

Jan 15, 2019 1:49:00 PM

When a Massachusetts homebuyer purchases land to build a new construction home that will need a septic system, a percolation test, commonly referred to as a "perc" test, must be completed to determine the design of the septic system

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Topics: Home-buying Tips, Real Estate Misc., Real Estate Law, New Construction

   

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