These 5 Steps create a good guide for buying a Boston Home
Number 1. Find out what you can afford.
I’ve seen buyers start out looking in the 500Ks, then they talk to their bank and next thing you know they want to see the 400Ks. After a while looking in the 400Ks they start to realize that Boston is a very expensive city. To get the amount of space for most people to live comfortably they may find themselves looking in Melrose or Wakefield or some other suburb. My point is find out FIRST, before you ask an agent to show you some properties.
Number 2. Check out some open houses
If you want to see a sampling of what your money can buy check out some open houses. Do not sign in, they are listing agents who will call and email you to try to sell you some real estate. You want to have your own Accredited Buyers Agent. NEVER work directly with a sellers agent. Once you have seen a few homes that you can afford and it still seems like a good idea, get a letter of Pre-Qualification from your lender.
Number 3. Find an Accredited Buyers Agent to represent you during the entire process.
Once you know what you can afford and you have a letter in hand from your bank stating specifically what you can afford, its time to find an Accredited Buyers Agent. He or she can help you make sure that you don’t overpay in addition to avoiding a plethora of other pitfalls that your Buyers Agent can spot and help you avoid.
Number 4. Do a full inspection of the home
This investigation should include common areas, roof, heating systems etc. Here is our list of Boston Area Home Inspectors. Also check out the reputation of the management company. There are many unscrupulous management companies out there very capable of bankrupting a condominium association.
Number 5. Find a good Real Estate Lawyer.
I keep a list of the best Boston Area Real Estate Lawyers I have been working with. It is critical that you have a real estate lawyer versed in Boston Condos or Brookline MA Condos. Condos come with specific problems as well as a 3 inch stack of master deeds and condominium documents. Your lawyer will keep you out of trouble. Wrong place to try to save money. Once you get lined up here are our Helpful Boston Numbers.
You comments will be appreciated!
Written by RE/MAX Destiny Accredited Buyers Agent Jeff Persons 617-512-3443
More articles by Jeff:
5 Worst Questions To Ask Your Buyers Agent
5 Clues That Your Boston Real Estate Buyers Agent is a Sellers Agent in a Brilliant Disguise.
A 20 Year Resident of Bostons Back Bay Tells Why He Likes Brookline MA So Much
This Secondhand Smoking Case in a Boston Condo is Another Good Reason to Have an Accredited Buyers Agent Represent You
The Boston Real Estate Market Has NOT Experienced a Recession
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