Boston Real Estate FAQs / Buying
Articles
- How can I make my offer stand out against competing buyers?
Being pre-approved for a mortgage gives you a distinct advantage when making an offer on a property. A seller is...Not rated Views:1013 - What happens after I present my offer?
Once your offer has been presented, the seller has three options. They can accept the offer as it was written, they...Not rated Views:1066 - What happens to my deposit if my offer is accepted?
Once all parties have agreed to a price and terms and have signed the Offer to Purchase agreement, the deposit is...Not rated Views:986 - What happens to my deposit if my offer is rejected?
If the Seller rejects your offer outright or if all parties cannot agree on price and terms, the deposit is returned to...Not rated Views:1012 - Should I have a home inspection?
The laws regarding Home Inspectors have changed recently. A real estate agent can no longer recommend a home inspector...Not rated Views:973 - What if I don't like the results of my inspection?
If you are dissatisfied with the results of your inspection, you may have several options, depending on how your...Not rated Views:1077 - Under what circumstances could I lose my deposit?
If you have a contract on a property, your risk for losing your deposit rests upon that contract. Most contracts have...Not rated Views:1066 - Do the appliances stay when a home is sold?
In most transactions, any fixtures (items that are physically, permanently attached to the property) stay after the...Not rated Views:1033 - What is a Purchase and Sale Agreement?
Usually signed about 10 days after the Offer to Purchase, the Purchase & Sale Agreement (commonly referred to as...Not rated Views:1095 - What if I decide I want to change something in the contract?
Additions, deletions, or changes of any sort to these documents can be made as long as they are agreed upon in writing...Not rated Views:948 - Do I have to put down a second deposit?
It is customary for an additional deposit to be put down at the time the Purchase & Sale Agreement is signed. The...Not rated Views:1037 - How much should my deposit be?
The amount you put down on a property will depend on the type of loan you are applying for. Most loan programs require...Not rated Views:989 - What happens to my deposits after the sale?
Your deposits are held in an escrow account until the closing, at which time they are brought to the closing and...Not rated Views:1080 - When should I submit a loan application to the bank?
I always recommend getting pre-approved for a loan before you even begin looking at homes. If you choose not to get...
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- What happens if my loan is not approved by the deadline in the contract?
If a commitment for loan cannot be obtained by the specified date, then the parties can either sign an extension to...Not rated Views:1055 - What happens if my loan is denied?
If your loan is denied, you must notify the seller in writing before the deadline in your contract in order to keep...Not rated Views:963 - How can I be sure I'm getting what I pay for?
Before giving a loan commitment, the lender will hire a certified appraiser to appraise the property. This way the...Not rated Views:985 - What happens after I get my mortgage commitment?
Once you have received a loan commitment, the lender will hire a closing attorney. The attorney will draw up the...Not rated Views:1177 - What is a final walk-through?
A final walk-though is an opportunity to for the buyer to walk through the property and make sure everything is the way...Not rated Views:968 - What does my mortgage payment include?
In most cases, mortgage payments include what are commonly known as P.I.T.I. (Principal/Interest/Taxes/Insurance). Most...Not rated Views:1182
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