Buyers

Things to consider when thinking about buying a home from the Massachusetts Association of Realtors 
  • Buying a home is a complicated process, so it's important to start at the beginning and thoroughly understand each step (10 Steps to Buying a Home)
  • If you're a first-time buyer, you should weigh the pros and cons of home ownership versus renting. There are many advantages and disadvantages to consider.
    • – Renters have the freedom of mobility if they choose to move, but their monthly rent checks do not establish long-term equity or produce any other benefits.
    • – While mortgage payments accumulate equity, these payments are generally higher than rent payments and come with the responsibility to manage the care and upkeep of the property.
  • Money matters. If you're considering a mortgage, shore up your credit and get a copy of your credit report.
    • – Get pre-approved. Save yourself the time and grief of looking at houses you can't afford.
    • – Determine how large your mortgage can be. Explore different loan options to determine what is best for you.
  • Stay put. Commit yourself to your new home for at least a couple of years before making your next move.
  • Thing about what (and where) you want to buy. Prioritize your needs (i.e., location, schools, amenities).
    • – Consider your re-sell value. Even if you don't have school-aged kids, a strong school district is a good thing.
  • Do you homework
    • – Calculate the hidden costs. Property taxes, insurance, maintenance and association fees can impact your wallet over time.
    • – Don't be house poor. Double and triple check to be sure you haven't maxed yourself out on the cost of your home and left nothing for maintenance, etc.
  • Get help. Consider hiring a REALTOR® to help you find the home that meets both your needs and your finances. It pays to have someone who understands the local market and is looking out for your interests

 

Testimonials

"Thank you for taking care of the sale of my house.  The new buyer's love my house that I lived in to 53 years!  I have been stopping by everyday, and they have stripped off all the wall paper, & sanded down the paint.  They have hired the floors to be sanded & they are coming out beautifully.  I also have to thank Carol & Holly.  You make a great team!"

Mona Spalding
Broad Street
NBPT

Property Search

Custom Search

Ask A Question