Boston Real Estate FAQs / Buying
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Articles
- Could you give me a rundown of the entire buying process?
This is a basic overview of what happens when you buy a house. The whole process really isn't so intimidating if...
Views:1397
- How should I prepare for buying a home?
Make sure you know where your down payment funds will come from. If you need to sell stocks, or get the money from a...
Views:1172
- What is the first step in the home-buying process?
Get pre-approved with a lender. This means you will submit a loan application and most of the necessary paperwork to...
Views:1022
- How do I find out how much house I can afford?
There are a number of formulas you could use to determine how much house you can afford. You would do best, however, to...
Views:1152
- What is the difference between a pre-qualification and a pre-approval?
A pre-qualification is a letter from a lender stating that, based on your income and a rough idea of your expenses, you...
Views:1153
- Can I buy a home below market value?
It depends on the market. In some cases you can find a "bargain" and pay less than market value for a...
Views:1240
- How can I find bank-foreclosures or government-owned homes?
In most cases, once a property has been foreclosed on by a lender, it is placed on the market through a real estate...Not rated Views:1265 - What about HUD homes?
Sometimes, government agencies, such as the U.S. Department of Housing and Urban Development (HUD) acquire properties...Not rated Views:1157 - How is an asking price determined?
Asking price is usually set using a CMA or Comparable Market Analysis. This method uses other properties that are...Not rated Views:965 - How do you determine the value of a distressed property?
The best way to determine the value of a distressed property is to find a value based on comparable homes in the area....Not rated Views:1055 - What is the difference between sales price and assessed value?
The selling price of a home is the value placed on it based upon other home sales in the area, condition of the...Not rated Views:982 - What is the difference between an appraisal and a CMA?
An appraisal is performed by a certified appraiser who uses comparable homes in the area, condition of the property,...Not rated Views:1001 - Explain the difference between a "Buyer's market" and a "Seller's market."
A "Buyer's market" is when there are more homes for sale than buyers looking for homes. In this instance, the...Not rated Views:970 - Whose obligation is it to disclose information about a property?
It is the ultimately the seller's obligation to disclose any known defects or other pertinent information about the...Not rated Views:1031 - Do I need an attorney when I buy a house?
You may want to hire an attorney to look over the paperwork that goes along with a real estate transaction, and give...Not rated Views:1026 - Can I make a verbal offer on a property?
Verbal offers to purchase Real Estate are not accepted in Massachusetts. All offers must be made in writing. In most...Not rated Views:947 - What contingencies are usually put in an offer?
Most offers include two standard contingencies: an inspection contingency, which allows buyers to have professionals...Not rated Views:1179 - What is a mortgage contingency?
A mortgage contingency is a stipulation that makes the sale dependent on the buyers' ability to obtain a loan...Not rated Views:1251 - What is an "earnest money" deposit?
A serious buyer will put down an "Earnest Money Deposit" as a show of good faith. This shows the seller that...Not rated Views:1319 - Do I have to put down a deposit with my offer?
In order to show good faith to the Seller, a deposit, usually, a personal check or money order, accompanies the written...Not rated Views:1207
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