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. At the end of the day most homes sold through 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 where both buyer agrees to buy and the seller agrees to sell. The sale must occur with the property having reasonable exposure to the public, with both parties acting … Continue reading...

The Home Buyer’s Ultimate Guide to Multiple Offers

I recently wrote an article for sellers on handling competing contracts on their home. So now this article will focus on multiple offers for a home buyers. The pre-spring real estate market has heated up. Inventory is ultra low and prices seem to be on the rise in many Massachusetts communities as you get closer and closer to the Boston. If the property is in good condition, in a desirable location and priced properly, many times you will see open houses packed and multiple … Continue reading...

The Power of the Pre-Approval Letter

The Power of a Mortgage Pre-approval letter

Get Your Pre-approval Letter First! You have been looking at homes for months, now you have found the perfect home. It is time to put in an offer on the home you like, your agent tells you that you need to submit a mortgage pre-approval letter with your offer for it to be considered. You put the kids to bed and you sit at the computer and you get a pre-qualification letter that you print off the compute, or dig out an old pre-qual letter. Yes, it may satisfy the home seller, but you … Continue reading...

10 Deadly Home Buying Pitfalls

Buying a home is a big deal. There are many home buying pitfalls a buyer can make. This article will discuss some of the bigger pitfalls that can make your home purchase less than perfect. These deadly pitfalls can cost you tons of money, cause lots of aggravation or both! Unfortunately many times a home buyer will rush forward in the excitement and emotion of buying a home, only to get extremely frustrated with the home buying process or find out they made a mistake later … Continue reading...

Should I Get A Home Inspection Before Buying?

Home buyers will frequently ask "should I get a home inspection before buying?" The answer is certainly very specific to the circumstances. In most cases, I would certainly recommend that a home inspections is done. Why Should I get a Home Inspection Before Buying? Buying a home for many is not something that is done very often. You take the time to get properly financed financed for your home purchase, search for homes then finally put in an offer. Ont op of it … Continue reading...

Buying a New Construction

Buying a brand new home certainly has it's appeal for many home buyers.... everything brand spanking new and having things just the way you like. But buying a new construction is very different than buying an existing home, especially if the house is not anywhere near its completion. The difficulty in purchasing a new construction is understanding what you are actually getting and pre-visualizing the finished space. The following are some tips if you are considering buying a new … 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 amazes me how many home buyers are blindly running around with little or no guidance. This article will discuss 7 Home Buying Mistakes. I have been doing real estate full time for 13 years. It took me 5 years before I really felt comfortable with what I was doing. I spend 50+ hours a week immersed in the business of real estate and have been involved in hundreds and hundreds of real estate transactions. Let me … Continue reading...

Short Sales for Buyers

Short Sales for Buyers can be complex There is nothing like understanding short sales for buyers. A short sale is a complex transaction and requires many things to consider. The best advise I can give you is find an agent that is well versed in short sales. Sometimes the best thing to do is walk away from a short sale is your agent is not getting a good feeling about the negotiator and the situations. Otherwise you will wait around for months only to be disappointed. Definition of a … Continue reading...

Ultimate Online Property Search for Massachusetts Home Buyers

Advanced Map Based Search for Massachusetts Real Estate for Sale

I have spent a considerable amount of time researching the best online home search that I can for Massachusetts home buyers. I have found a system that bring the best of both world to home buyers. It a both a list based search as well as a map based search. It easily allows you to see where each property is in a given community. It feeds directly from the Massachusetts Multiple Listing Service with the most up to date home information. My online home search also allow you to search by many … Continue reading...

All About Radon Gas

Following is a re-post from Chrissy Doremus, US Inspect. Living here in New England Radon can be a big concern for home buyers looking to purchase a potential home. As a buyers agent, I highly recommend every home buyer do a radon inspection. Most home inspectors provide the service for an additional $50 to $100 dollars. Typically if we find high radon reading we ask the home seller to install a radon mitigation system to release a majority of the gas outside of the home. What I find … Continue reading...