It's very common in this market to simultaneously sell one home and buy another. The key to successfully pulling this off is preparation and coordination. Here are some helpful tips on simultaneous closings when selling and buying a home. 1 - Coordinate with Movers The home you are selling will … [Read more...]
Pros and Cons of Escalation Clauses for MA Home Purchases
The real estate market in Massachusetts is extremely competitive. As buyers look for ways to make their offer stand out from others, the use of escalation clauses is becoming more prevalent. Below, we take a look at escalation clauses for MA home purchases and the pros and cons from both buyer and … [Read more...]
5 Questions to Ask Before Buying a Condo Conversion in Massachusetts
Condo conversions are very popular in Massachusetts. They can be a great alternative for those who prefer condo living but want to avoid large apartment-like complexes. However, it is important to perform a little extra due diligence when it comes to these properties. Here are several questions to … [Read more...]
Another Interest Rate Increase to End 2018
As the year comes to a close, the Fed has decided to make one more interest rate increase to end 2018. Rates went up by a quarter percent yesterday. This is the fourth increase by the Fed this year. What will this mean for home buyers? Higher Mortgage Rates Although there is not a 1 to 1 … [Read more...]
Common Home Sale Contingency Terms In Massachusetts
If you need to sell your existing home in order to purchase a new home, you will be using what’s called a “home sale contingency.” Essentially, your offer to purchase the new home will be “contingent” upon your ability to sell the existing home. Although it is difficult to get sellers to accept this … [Read more...]
