Massachusetts Real Estate- Merrimack Valley
Real Estate in Essex and Northern Middlesex Counties, Massachusetts
The square footage of a house ... how important is it when you are buying or selling a home? When it comes to listing homes in the Multiple Listing Service (or MLS), or appraisers square footage will play a large role. The square footage of a house will often dictate the function of a home for potential home buyers. Many home buyers will have minimum square foot requirements when searching for their perfect home. The square footage of a home will also play a major function … Continue reading...
There is always a certain percentage of the home buying population that is enamored with buying a fixer upper. And, more recently, with the proliferation of "Reality TV" glamorizing the fixer upper it has become more popular with both first time home buyers and move up buyers alike. But before you run off and buy a house that needs a ton of work there are a few things you need to think about especially if you are buying a fixer upper to save money. What Is Your Motivation To Buy a Fixer … Continue reading...
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...
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...
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...
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...
Buying a condominium is a little different than a single family home. Of course you have the actual unit you are considering purchasing. But there are now other things to consider when purchasing a condo versus a single family home. 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 … Continue reading...
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...
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...
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...
