First Time Home Buyer

Escalation Clause- Win the Bidding War

An escalation clause can be a great way to structure an offer to be the winning bid in a red hot seller's market. When you know buyer competition will be high on a home, it it also means you may be competing with multiple offers . Here in the Massachusetts Real Estate market we are seeing certain communities or properties that will most likely be in a bidding war with multiple offers with in days of hitting the market. It can be very frustrating time for home buyers. What is an … Continue reading...

Tips For Millennial Home Buyers

It may be a competitive market, but there's still room for Millennials ready to buy their first home. Although it may seem like home ownership is a far off dream for the generation that witnessed the worst recession in decades, it's closer than they realize. Right now, they're the most active generation on the market: Millennials made up 37 percent of all homebuyers in 2018. More than half of first-time homebuyers are in their twenties and thirties. Read on for our best tips for Millennial home … Continue reading...

The True Value of Owning a Home for Millennials

There is a value of owning a home for millennials. But, home ownership is down among the Millennial generation as reported by Business Insider and many other news outlets. There are lots of reasons why this could be happening, tighter credit standards, change in lifestyle, lower incomes out of college, high student debt and the fact that millennials are marrying later and having children later in life. And certainly coming out of one of the worst recessions in US history, many … Continue reading...

You Don’t Know What You Don’t Know!

7 Home Buying Mistakes To Make, Because You Don't Know What You Don't Know!! It sometimes amazes me how many home buyers are blindly running around with little or no guidance. The problem for many home buyers is they don't know what they don't know! So they don't often know when they are making a mistake. While a home owner can realize they made a mistake shortly after buying or during the home buying process, many big mistakes don't show up until it comes time to sell there … Continue reading...

13 Killer Questions to Ask Before Buying A Condo

what questions should I ask when I buy a condo

Buying a condominium is a little different than a single family home. Of course you have the unit you are considering purchasing. But there are now other things to consider when purchasing a condo. You have the governing of the condominium complex, the financial stability, who owns what, who repairs what..... the list goes on. Because you have shared ownership when buying a condominium, you have to consider aspects of the entire condominium complex as a whole above and … Continue reading...

Everything You Need To Know About Gift Funds For A Down Payment To Buy A House

Can A Parent Gift Me Money For A Down Payment On A House? You want to buy a house, but you might not have quite enough money saved for a down payment and closing costs. There are alternative sources to down payment money to buy a house. One of which is using gift funds. Gift funds can be used for a down payment and/or closing costs. Home ownership can be closer to you than think if you have saved a little money and you have someone willing to gift you the money to help with … Continue reading...

Reasons Why Not To Buy A Condominium- Condo Living

Condominiums are certainly popular in the greater Boston real estate market. And for some home buyers, buying a condominium can be a great choice. In last week's article I discussed some great reasons why a condominium may be a good choice for a home buyer. But this week we will look at the other side of the coin of why you should not buy a condominium. Last week's article discussed that a condominium purchase is generally cheaper than buying a comparable single family home as … Continue reading...

7 Great Reasons to Buy A Condo

7 great resons to buy a condo- is condo living right for you

Is Living in a Condo Right for You? Condominiums have come along way since the 80's. While the concept of condos were new and approached with hesitation back then, condos are now a stable, viable source of housing in today's real estate market. Condominiums come in all shapes and sizes. You can get a unit all on one floor, a townhouse with no one living below or above you, stand alone units, a condominium in an over 55 community, a luxury condo, condos that cater to weekend get … Continue reading...

What Should First Time Home Buyers Know?

You are thinking you may want to buy a house. What should first time home buyers know? Many people buy a house very few times in their life. Its a big decision and lots of money is involved. Home buying for anyone can be a stressful process, but can certainly be full of missteps for a first time home buyer. Buying a home can be complicated on many levels. First their is the legal side of buying the home. Then there is actually looking for homes that suit your … Continue reading...

Should I Get My Mortgage Through A Mortgage Lender or a Bank?

Should I get my mortgage from a mortgage lender or bank

When it comes time to buy a home you probably know how important it is to work with the right buyer's agent. Equally as important, is choosing the right bank or lender to work with you on securing your home loan. A question that often arises is... should I get my mortgage though a mortgage lender or a bank. Working with the wrong bank or lender at the very least will create more stress than necessary and worse case scenario your mortgage is denied. You will have three options when it comes … Continue reading...