HOME INSPECTIONS – 12 Things You Really Should Know

1. Do I need to have a home inspection? No, it’s up to you whether to have an inspection.  But a good agent will never tell you don’t need an inspection.  You can actually sue an agent if you take their advice to forego an inspection and then have an expensive problem that an inspector would … Continued

CONDOMINIUMS – 12 Q’s You Shouldn’t be Afraid to Ask

Everyone knows you can buy a condominium – a “condo” for short – and become the proud owner of a unit within a building. But, it’s not so obvious exactly how condominiums work and what it all means. So, let’s look at the answers to some important questions about condos.

BUYING NEW CONSTRUCTION, UNDER CONSTRUCTION, PRE-CONSTRUCTION

There is nothing like a brand-new home. A home never lived in by another human being. Shiny. Up to date. Fully equipped and gadgetized. Charm and history are fine for other people, but they are not for you! You would sooner buy a used car than a used home. So, let’s look at all the benefits of new construction, as well as the pitfalls and how you can try to deal with them.

Mortgage Pre-qual and Pre-Approval

Why does everyone tell you to get a mortgage pre-qual (pre-qualification) or pre-approval before you start seriously looking for a house. And what’s the difference between the two? Which one is better for you? Let’s look at the answers to these questions.

Mortgage Rates: Why does it feel like Bait and Switch?

When you look at mortgage rates – whether on line, a sign in the bank window, or in a newspaper – you’ll see a simple interest rate as well as something called APR. Yet it seems that neither is the rate that you get at the end of the day. Why is that? Does it go up depending on how gullible you look to the lender? No, there are good reasons for the final rate you get quoted. First, let’s first look at the two types of rates just mentioned, then we can look at how the rate that you get in the end will be determined.

Pricing your Home for Sale

Pricing your home for sale simply means deciding what the Asking i.e. Listing Price of your home will be. In other words, deciding on the dollar amount that you and your agent will ask for your home in all the published data bases and marketing materials. Typically, a serious estimate of the home’s worth i.e. value is the starting point. The objective is to price the home – bearing in mind its estimated value – so that you will get the highest possible Sale Price. Of course, the Sale Price isn’t final until the house is actually sold. So, let’s look at each of these things and discuss how to price your home strategically so you get the highest Sale Price. That’s the bottom line, isn’t it?

Real Estate Internet Fraud: Buyers Beware

What do you know about internet fraud? If a Nigerian prince wants to “get to know you” on-line would you correspond with him? If a foreigner sends you an email saying he would like to make an offer, sight unseen, on your property which is not even on the market, would you pursue it? If you get an email from a financial institution with their logo asking you to send them your account number and social security number for confirmation purposes, would you email those things to them? By now we’ve all seen – and heard about – enough of these types of scams to laugh at them…or at least to just delete the emails.

LISTING AGENT – HOW TO FIND A GREAT AGENT TO SELL YOUR HOME

What exactly is a listing agent? What kind of license does a listing agent need? Can the agent who helped me buy my home help me sell it? How do I find good listing agent leads? How do I figure out which lead is likely to be the best listing agent for me and my home? For the answers…read on!

SELLING BY OWNER vs. SELLING WITH A REAL ESTATE LISTING AGENT

Why do more than 90% of homeowners in the Greater Boston Area use a Seller’s Agent or Listing Agent to sell their homes? In a hot market like Greater Boston, don’t properties practically sell themselves? Can’t I just sell my home on my own without an agent…and save a hefty commission? These questions are very compelling if you are planning to sell your home and can afford to devote time to a do-it-yourself sale.

BUYER AGENCY AGREEMENTS (Massachusetts) – To Sign or Not To Sign?

Why is there so much paperwork involved in buying a property? Sometimes, it seems that buyers look at more documents than homes. There are things you need to sign before you even see a single property. And that’s just the beginning of a steady stream of documents that need your signature before the closing is over. It’s no coincidence that people fondly refer to the closing as “passing papers”. But we’re getting ahead of ourselves. At the very beginning of the process you have to decide how to work with the Great Buyer Agent you’ve found and whether to formalize that decision in writing…in a Buyer Agency Agreement.