Massachusetts Real Estate Articles by Kevin Vitali- Massachusets REALTOR

Good Faith Deposit Explained

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...

Can a Buyer Back Out Of Purchasing My Home?

Can a buyer back out of a purchase for my home.

Often sellers think they are on easy street once an offer is signed and escrow money is in the bank. Simply put, it's not over till the fat lady sings!! There is always risk involved when a seller takes their home off the market for a buyer. While you have done everything possible to put a good transaction together, things happen that can prevent your buyer from closing. It is not over until the closing is complete and the deed is recorded. Can A Buyer Back Out of Purchasing … Continue reading...

Your Home Is Only A New Listing Once

In Massachusetts home that are new to the market show up as a "NEW listing" for four days. From a marketing standpoint your listing is only new once. It is important for a seller to make the most of the first few days to the first couple of weeks of their new listing. The new listing period thru the first couple of weeks is a very critical time for the sale of your home. It is the period that will get the most amount of attention from the very best buyers. If it all … Continue reading...

Professional Real Estate Photography is Becoming the Norm

As every year goes by in the real estate industry we are seeing a shift in the quality of real estate photography provided to home sellers. Today, a larger percentage of agent are using professional real estate photography and it is starting to become the norm. I am seeing many agents now focusing on providing quality real estate images. A real estate agent now has choices to make when it comes to real estate photography. What agents should not be doing to provide … Continue reading...

Understanding Fair Market Value in Real Estate

understanding fari market value in real estate

At the crux of every real estate transaction underlies fair market value. Of course a buyer wants a great deal on a home, and of course a seller wants the most amount of money they can get for their home. But, att the end of the day most homes sold through the a real estate agent in the Multiple Listing Service will sell for fair market value. Definition of Fair Market Value in Real Estate Fair market value is defined as the most probable selling price for a specific property … Continue reading...

Home Seller Tips On How To Assess And Negotiate An Offer

The whole point to putting your home on the market is to sell it! Getting an offer is one of the first steps of getting your home sold. Sometimes just the right offer comes in and it is exactly what you want other times you need to carefully assess and negotiate an offer into something you can accept. If you hired an experienced listing agent, their services will be invaluable when it comes time to assess and negotiate an offer. Your experienced, full time agent spends part … Continue reading...

FHA 203K Rehab Loan- What You need to Know

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...

Turning the American Dream Into A Nightmare

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...

Get Pre-Approved Early To Save Time, Money and Aggravation

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...

180 Merrimack Meadows Lane, Tewksbury MA 01876

Tewksbury Condominium for Sale 180 Merrimack Meadows Lane, Tewksbury MA 01876 Status: for sale Price: $350,000 Square Footage: 2578 sq ft Bedrooms: 3 Bathrooms: 2.5 Taxes: $4654.00 Condo Fee: $331.00 Open House Saturday July 21 from 12-1:30pm and Sunday July 22 from 1-2:30pm 180 Merrimack Meadows Lane is located on the north side of Tewksbury Massachusetts in the popular Merrimack Meadows Condominium Complex. The location offers good … Continue reading...