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Tips For Home Buyers In The Boston Real Estate Market:

Tips for home buyers:

You may hear over and over that it’s a seller’s market, which can make the already

daunting home buying process seem all that more overwhelming. However, with

the right agent and these helpful tips, know that your ideal home is within your

reach.

Know your budget

Getting a pre-approval letter from a lender should be the first step in every

home buyer’s search process. This will help ensure that your agent does not bring

you to properties that you can’t afford. There’s nothing worse than falling in love

with a home only to find out you can’t obtain financing to purchase it. You should

also be cognizant of how much you are willing to budget towards your mortgage

payment each month. Often times buyers are pre-approved for much more than

they actually feel comfortable paying. Your agent can help you calculate the

monthly payments for potential properties, which factor in taxes and insurance

payments to determine what your maximum price should be.
First time home buyers

Work with an agent that knows your area

While there are many things to consider when deciding on an agent, one of the most

essential criteria should be his or her familiarity with you preferred

neighborhood(s). Two homes may seem close together on a map, but market trends

can vary significantly from town to town or even street to street. Working with an

agent who is familiar with the nuances of the city or town in which you are looking

will ensure that you are advised properly when it comes time to make an offer.

Create a timeline

Of course it’s impossible to guarantee that you will find a home a within a defined

period of time, but setting some realistic deadlines will help give your search focus.

A home is one of the biggest purchases most people will make and the idea of

committing to one property can be overwhelming. Many home buyers, especially

first time home buyers, may feel compelled to look at as many houses as possible

before even thinking of making an offer. While it’s good to keep your options open,

this strategy has the potential of letting good opportunities pass you by. Everyone

moves at their own pace in this process, but don’t hesitate to bid on a home you love

just because you feel like you haven’t been looking for long enough.

Make a list of must haves, but be willing to compromise

It’s no surprise that few people find everything they want in one property. There is

nothing wrong with setting your sights on finding a home that checks off every must

have on your list, but be prepared to let one or two things go. When viewing

properties try to keep an open mind and focus on the location of the home. Don’t get

too bogged down with the cosmetic aspects- you can always replace out a

countertop, but you can’t move your home to your preferred location.

With these tips in mind and the assistance of a knowledgeable buyer’s agent, anyone

can make the dream of owning a home a reality.

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As always, if you are looking to purchase a home in the Boston – Milton – South Shore area, contact DRW Realty either through this website or by calling us at 617-337-3725.

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