Massachusetts Real Estate- Merrimack Valley
Real Estate in Essex and Northern Middlesex Counties, Massachusetts
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...
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...
Searching for home a new home certainly can be fun in the beginning as you start out your home search, but after awhile starts to get cumbersome when you are not finding what you want. One underutilized tool is the home buyer email alerts. Almost every home search system has the ability to send you an email alert summarizing the changes in the market in the past 24 hours. Whether it is Zillow, REALTOR.com or your local REALTOR®'s home search. Each email alert and home search … Continue reading...
You have spent months searching for the perfect home.... that cute house with the perfect yard.... now its time for the home inspection. Hopes were high, but you end up with a failed home inspection. Well not really, home inspections are not pass or fail. But, in your eyes that perfect home has failed the inspection. A home inspection is a visual inspection of a homes systems, including electrical, plumbing, heating, etc...., along with soundness of the structure and the … Continue reading...
Serving my local real estate community for many years, I find their is some confusion around the good faith deposit. We will dive into the good faith deposit and explain what it is and why it is important to dispel the confusion. Much of the confusion revolves around the good faith deposit and what it is, especially when buying your first home. Additional confusion also revolves around what happens with the good faith deposit during the escrow period and when you close on your … Continue reading...
Here in the Greater Boston area the real estate market is red hot and moving fast. The current market is creating unprecedentedly low housing inventory. Inventory is scarce for many buyers, leaving buyers wondering when the next potential house will come along that suites their needs. This makes an FHA 203k Rehab loan a very viable option. Irregardless of the market, a rehab loan is available to most borrowers to easily access money to do necessary repairs or renovations to … Continue reading...
Buying a home is a big deal. There are many aspects and phases of buying a home that legal and financial ramifications while going through the home buying process as well as long after you have closed on your home. Good decisions need to be made. Avoid these common home buying mistakes that can turn the American Dream into a nightmare. 14 Common Home Buying Mistakes Failing to Get Pre-Approved Getting a mortgage pre-approval letter is the first step of the home buying process. … Continue reading...
Getting pre-approved is a vital step in buying a home. And it is important to get pre-approved early, before you start looking for homes. Yet, buyers want to look at homes with out being pre-approved. Or they think they will get pre-approved when they find the right home. But if you wait to find the right home and your not pre-approved, your going to miss out on the perfect home in this real estate market. Because of the lack of inventory, many buyers competing for the same … Continue reading...
No doubt about it, the real estate market is red hot. And, when the market is red hot, buyers compete for homes and want to strengthen their offers as much as possible. One way of strengthening an offer is to remove certain contingencies in the contract. To get the home you want, waiving your home inspection contingency may seem like a good idea. But waiving your home inspection can end up being a really costly mistake. I very rarely recommend giving up your … Continue reading...
Condominiums are becoming more and more popular for home buyers. The cost is generally lower than a single family home and much of the maintenance is usually taken care of by the home owner's association. Your condominium is a bigger part of a whole and their is a legal structure behind it as well that needs to be governed as people are brought together in ownership. So when you buy a condominium there is a whole set of language that may be new to you. The article … Continue reading...
