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Buying a Home

Perfect Timing!

Right now may be the best time to buy a home. 

First, interest rates are low and possibly going lower.  Today you can get a 30 year fixed rate close to 5%! 

Second, Prices have come down substantially.  Some of my clients have purchase properties at prices $100,000+ less than their previous value.

Third, lenders have brought back many loan programs that were not available a few months.  It is possible to purchase a house with little or money down.

Fourth, The $7500 first time buyer tax credit through June of 2009.  It may be extended or modified, but for now, it is only going through June 2009.  Instead of getting a $500 refund on your tax return, you could get an $8000 refund!  (there is a recapture clause but it's a low payment and it's over a long term)

Fifth. The Recession.  According to several Economic websites, recessions typically last 6-16 months.  If we've been in a recession for 12 months, the economy should be improving soon.  No one knows where the bottom of the market is until well after it starts to rise again.

Sixth, More choices available.  The inventory of homes for sale is still fairly high.  You have more to choose from.

Seventh, Renovation costs are lower.  Many contractors are looking for work and they are competing for the limited number of jobs available.  It may cost less to do those initial renovations after purchasing a home.

 I may add to this list at a later time...

Buyer Agency

When you look at any real estate in Massachusetts the agent who shows you the home may be acting as an agent for the seller, or an agent for the buyer.  A buyer agent can assist you regardless of who is listing the home or if the home is being offered for sale by the homeowner directly. 

I started my Real Estate career in 1991 at the first Exclusive Buyer Agency firm in Central Massachusetts.  The concept was brand new to the area and the first few years were quite a challenge.  I've been representing home buyers longer than just about anyone in the region.

I'm an Accredited Buyer Representative (ABR) and a member of the Real Estate Buyer Agent Council (REBAC).   As a Buyer Agent, I  have important legal and ethical responsibilities to my clients. 

Whether you're looking for your first home or your tenth home, you can benefit by having an experienced buyer agent on your side.

Some important issues and laws that you'll need to know about include:

  • Stigmatized property law

  • Radon

  • Lead paint

  • Title V and septic systems.

  • Asbestos

  • Disclosure Laws

  • Agency laws

  • Preparing an Offer

  • Negotiating Strategies

  • The Inspection process.

  • Re-Negotiating after the inspection if major defects are revealed.

  • The Purchase and sale agreement.

  • Appraisal

  • Other relevant topics.

Accredited Buyer Representative

To get started contact me to arrange an initial consultation with no obligation.

Toll-free (866) 239-3283

Send e-mail to Dave

 

 


Copyright 2003 - Dave Stead