How Much House Can I Afford?

How much mortgage can I afford Infographic

When the thought enters your head that maybe its time to stop renting and buy your first home you are going to wonder "how much house can I afford?"  This article will cover the basics so you can get a rough idea of how much of what a bank will lend you for your first home.  At the end of the day, take the time to sit down and get a proper mortgage pre-approval letter from your lender.  There are too many variables to estimate a mortgage payment accurately without doing … Continue reading...

Selling and Buying a Home at the Same Time- Lessening the Stress

lessen the stress when buying and selling a home at the same time

Ahhhh, to be a first time home buyer again, and only having to worry about buying a home.  Now as a move up buyer or a someone downsizing their home, now you need to worry about selling and buying a home at the same time.  It certainly can be stressful to balance the two simultaneous real estate transactions. When you are selling and buying a home at the same time there is certainly a balancing act to be achieved.  Ideally it would be perfect to sell your home and move into … Continue reading...

Where Is The Property Line of My Home?

a certified land survey is the only way to find where the property lines are on a home.

A question that is often asked from home buyers are "where is the property line" of a particular home.    For many buyers and sellers it is important to find the property lines or boundaries of a property.  Of course this is a very valid question. Nothing beats owning your own parcel of land.  And, nothing is more important than those invisible lines separating you from your neighbor.  There are legal and financial concerns around ones property lines.  On a … Continue reading...

Should I Get A Home Inspection Before Buying?

should-i-get-a-home-inspection

Home buyers will frequently ask "should I get a home inspection before buying?"  The answer is certainly very specific to the circumstances.  In most cases, I would certainly recommend that a home inspections is done.   Why Should I get a Home Inspection Before Buying? Buying a home for many is not something that is done very often.  You take the time to get properly financed financed for your home purchase, search for homes then finally put in an offer. Ont op of it … Continue reading...

What is Caveat Emptor or Buyer Beware? and Why Would a Home Buyer Care?

What must a Massachusetts Home Seller disclose

Massachusetts is a state that follows an old common law rule, Caveat Emptor or translated to "let the buyer beware".  Basically, it means that the seller has almost no responsibility in disclosing material defects about the house except in two instances.  The responsibility of discovering any defects of a home falls soley on the home buyer. While a common practice around me, the seller does not have to provide a Statement of Property Condition.  If done, it is done voluntarily usually on the … Continue reading...

A UHaul Move, A Good Experience

Uhaul moving

I recently helped a friend make a semi long distance move.  My friend was moving a 4 room apartment into storage into a garage about 150 miles away.  We ultimately decided that doing a UHaul move would be the most economical choice, as my friend would shortly be moving again and would have to pay for two moves would be costly. I started by getting quotes from various companies about doing the entire move. Being a REALTOR, I called my go to movers, Bresnanhan's Moving out of … Continue reading...

Negotiating a Home Price is not Always About the Money

Best Offer concept.

When negotiating a home price as a buyer, its not necessarily about the money.  My last two buyer transactions where I was a buyer's agent negotiating on behalf of my client, we were not the highest bidder, yet we were the ridding bidder. Yes, my buyer client's offers were several to five thousand dollars less than the highest offer the sellers received on their home. Now don't get me wrong you can't be 10's of thousands of dollars less than other offers and expect the seller to choose … Continue reading...

Massachusetts Buyers Agent- What Can I do for You?

Massachusetts Buyers Agency

Purchasing a new home, whether it is for the first time or if you are upgrading, downsizing, etc…. can be a very exciting time.  In most cases it is best if a home buyer works with a buyer's agent representing their interest. On the other hand, a real estate transaction is filled with many complexities.  Buying a home is filled with legal issues and a buyer and a seller that can be very emotionally charged.  There are certainly mistakes that can be made by home buyers who … Continue reading...

Win the Bidding War Against Other Home Buyers

Be the winning bidder in Multiple offers on a house

Competition is tight among home buyers.  Housing inventory is low, interest rates are low and home buyers are competing against each other for desirable homes.  It is the perfect atmosphere for the ever dreaded bidding war!  CNBC reports that over one third of all homes for sale nationwide went over asking price. Lets take Tewksbury MA.  The Tewksbury Real Estate market shows 153 properties sold in the past 6 months.  ( I removed all new construction that sold as they skewed the numbers … Continue reading...

Should I Buy or Rent My Next Place

Should I buy or Rent

Many renters are asking should I buy or rent a home right now.  As renters are looking to renew leases or seek another place to live they are starting to realize that it may be cheaper to own.  A recent study by Trulia shows that nationwide it is 36% cheaper to own nationwide. Here in Tewksbury Massachusetts and the surrounding areas renters are starting to realize that owning is probably cheaper than renting.  I did an analysis in the recent past of two identical condos in Tewksbury MA Real … Continue reading...