THE BEST Way to Search for a Home to Buy

RLS 2000

As a Massachusetts Realtor, I marvel at how home buyers jump from one site to another to another to find their perfect new home driving themselves crazy thinking that they will find a hidden home that is not on any the other sites..... Does it happen? Occasionally, but pretty rare. Home Search Secret #1- Most real estate sites by real estate brokers/agents are being fed new listings from exactly the same source. The MLS or multiple listing service for which the agent/broker  is member.  The … Continue reading...

Tenancy or Co-ownership of Real Estate

Keys to Home Ownership

Many times when I am at the closing table with buyer clients the attorney will ask how the buyers would like to hold the property.  There are 3 basic forms of co-ownership in Massachusetts Real Estate Law.  Tenants in common, Joint Tenancy or Joint Tenancy with Rights of Survivorship and Tenants in Entirety. Quite frankly the closing can be a bit overwhelming but many buyers do not think much of  the legalities in co-ownership and they do what the lawyer says.   Here are some basic definitions … Continue reading...

Understanding Fair Market Value

Massachusetts home buyers and home sellers need to understand fair market value and how it impacts a successful sale or purchase of their home. Definition of Fair Market Value The price agreed upon and in which the money and property exchange hands between a home buyer and home seller. Fair Market Value is a price in which the general buying public would be willing to pay. Both buyer and seller must be willing and informed to buy/sell the piece of real estate in a arms length transaction. A … Continue reading...

The Move Up Home Buyer

Moving up in a buyers market

One thought thrown around by home sellers is... I will wait until my home was worth 5 years ago before I purchase a new one. Seems to makes sense.... or does it? On the surface it probably seems to make sense for many Massachusetts homeowners that are looking to sell their home and buy a new one. I would like to show you why, you might want to reconsider.  Selling your home in a down market or buyers market to purchase a larger more expensive home can make a lot of sense from a financial … Continue reading...

How Low is too Low for an offer on a Short Sale?

This questions was just asked on Trulia, "I am interested in a short sale property which has been on the market for 2 years. How low is to low of an offer?" I thought it was a great question, as many home buyers think that a short sale means they can steal the property.  In most cases, that is not true.  Does it happen? Yes, but very infrequently.  Unfortunately, many home buyers are disappointed and miss out on great homes because they do not understand how banks think about short … Continue reading...

Ultimate Online Property Search for Massachusetts Home Buyers

Advanced Map Based Search for Massachusetts Real Estate for Sale

I have spent a considerable amount of time researching the best online home search that I can for Massachusetts home buyers. I have found a system that bring the best of both world to home buyers.  It a both a list based search as well as a map based search.  It easily allows you to see where each property is in a given community. It feeds directly from the Massachusetts Multiple Listing Service with the most up to date home information. My online home search also allow you to search by many … Continue reading...

All About Radon Gas

Publication1

Following is a re-post from  Chrissy Doremus, US Inspect. Living here in New England Radon can be a big concern for home buyers looking to purchase a potential home.  As a buyers agent, I highly recommend every home buyer do a radon inspection.  Most home inspectors provide the service for an additional $50 to $100 dollars. Typically if we find high radon reading we ask the home seller to install a radon mitigation system to release a majority of the gas outside of the home. What I find … Continue reading...

How do I negotiate an offer on a home?

Negotiatin a reasonable offer on a home.

How to negotiate an offer on a home is very individual to a home buyer. There are many variables to negotiating an offer on a home. Some of the variables are specific to the home buyer, some are specific to the actual home and some are specific to the real estate market at a given time.  Understanding the contracts and the process is also an important consideration when tendering an offer on a home.  Some things to consider: What are the general market conditions? Are home prices stable, … Continue reading...