Massachusetts Real Estate- Merrimack Valley
Real Estate in Essex and Northern Middlesex Counties, Massachusetts
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 … 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...
In-Law Suites, Mother In Law Apartment, Accessory Unit, Family Suite or whatever you call them are quite common around me in Tewksbury MA. But you can certainly run into them anywhere in Massachusetts or across the country. So what do you need to know about an In-Law Suite in your home. Whether it is parents, siblings, or another family member. With multi generation living becoming more and more popular, in-law apartments are a great way to have multiple family member under one roof. They … Continue reading...
In my little part of the real estate world the real estate market is hot. Open houses are flooded with 40 - 50 buyers in an afternoon, with multiple offers that Monday or Tuesday. It is certainly a red hot seller's market. I also hear from many of my counterparts across the country and hear similar news. The real estate market is a hot seller's market in many markets across the country. Unfortunately its not all that fun to be a buyer in a hot seller's market. But for most home buyer's … Continue reading...
There is so much that goes into buying your very first home. So I have asked a handful of experienced buyer's agents what they wished their first time home buyers knew coming into the home buying process. Here is a quick summary of what 8 buyer's agent from every part of the country had to share when I asked them what they wished their first time home buyers knew. Kevin Vitali- Know what you don't know and work with someone who does. Eilleen Anderson Know your budget both … Continue reading...
