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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.

5 Taxes Homebuyers Should Know About When Moving to Massachusetts

Jan 26, 2022 11:59:00 AM

Homebuyers moving to the Boston area should familiarize themselves not only with real estate property taxes, but also several other taxes that will impact the overall cost of relocating to Massachusetts. Besides real estate property taxes, Massachusetts has an income tax, a sales tax, an excise tax, and a tax related to the failure to obtain health insurance. 

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Topics: Real Estate Misc., Massachusetts Relocation, Boston Relocation

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

NAR: Proximity to Family and Friends Motivated Homebuyers in Past Year

Dec 18, 2021 7:34:42 PM

For the past 40 years, the National Association of Realtors (NAR) has published an annual report on the state of the nation's real state market. The 2021 report covers the peak of the COVID-19 crisis and offers some interesting insights on homebuyer behavior in the past year.

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

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

   

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