Massachusetts Home Buyer Guide, First-time Homebuyer Tips, Advice MA

Average U.S. Mortgage Interest Rates Rapidly Rising

Mar 23, 2022, 10:18:55 AM

The average rate for a 30-year, fixed-rate mortgage hit 4.72 percent on Tuesday, March 22, 2022, moving 26 basis points higher since Friday, according to Mortgage News Daily.

Topics: Real Estate Misc., Mortgage Rates & News

No. 1 Tip For Massachusetts Home Buyers to Prepare for the 2022 Market

Mar 6, 2022, 12:37:26 PM

Massachusetts home buyers gearing up to buy their first home this year need to know the number one tip to prepare for the 2022 real estate market. It's simple but critical for success.

Topics: Home-buying Tips, Loan Programs, Real Estate Misc.

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?"

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.

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.

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.

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.

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.

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.

Topics: Home-buying Tips, Condominium, Mortgages 101, Real Estate Misc.