When on the hunt for your dream home, there are a few security features you should pay attention to. We've outlined the key points below: What should a house hunter know about locks? I took this picture in a condo building. It was the kind of building with one hall...
First-Time Home Buyers
Friends don’t let friends hire dual/designated agents
When a real estate brokerage serves both the buyer and the seller, what can go wrong? The seller's agent, who must get the best price for the seller, is the same company that must get the best price for the buyer. Legally and structurally, companies are run by a...
Being a Fussy Hotel Guest Made Me a Better Buyer’s Agent
I look forward to two nights and three days on the Cape - mid-week - every July. I get time off in the winter, so these summer days off are rare and special. This year, I had a lousy time. When I deconstructed what bothered me most, it made me a better buyer's agent....
Illinois First-Time Home Buyer Grants & Loans
Regardless of real estate market conditions, first-time home buyers need to know what loan programs and grants are available to help as they begin the home buying process. If you do your homework, there are many programs and grants available to first time homebuyers...
Yes, you need a home inspection.
Avoiding a Big Mistake and Still Being A Competitive Buyer One really big mistake the house hunters are being talked into is waiving your home inspection. Why do you need an inspection? If you hire an experienced exclusive buyer's agent, you have the backing of...
Fire!
Summertime is when Massachusetts heads outdoors, so does most of the US. Sometimes, this leads to tragedy. A fire in Arlington, Massachusetts reminded me that smoking on the porch is not a foolproof way to keep your house safe from fire. Smoking Can Set a House On...
Don’t Waive Mortgage Contingency
1. Most of the time, if you have a documented pre-approval, you will get your mortgage, so a mortgage contingency is not really necessary, right? Wrong. It is only unnecessary if: You can afford to lose 5-10 percent of your purchase price. The mortgage contingency...
Consider the not so Perfect House – Buyer Strategies for Challenging Times
Consider the not so perfect house; why prioritizing the location, lot size, and lay of the land before considering the interior features of the home is so important in this market. These are challenging times for home buyers. Housing inventory is at record low levels....
Seasons of Real Estate
Not every year is the same, but there's a pattern. First, though, I want to remind you that it takes about five weeks to close on a house, once you have an accepted offer. Here, I am talking about when you get your offer accepted, not when you close. So, for example,...
Do You Get Earnest Money Back at Closing?
Anyone who's looked into the home buying process will have come across the term "earnest money" a few times. What is it? Simply put, it's a "good faith" deposit that is paid once you've made an offer on a home. It's intended as a way to show the seller that you're...
Days on Market: What It Means and Why It Matters to Buyers
In the real estate game, you'll often hear the phrase “Days on the Market” (DOM). For home buyers, this is a crucially important term to understand. Why? Because it tells you how long a home listing has been on the market. The higher that number gets the more its...
What is Due Diligence: A First-Time Homebuyers Guide
Today we'll be looking at the due diligence part of the buying process. This is an important process that no buyer can afford to leave out. By doing your due dilligence you will avoid buying a home which has more issues than you might first realize. What is Due...