MA Buying Process

Buying Property is Often Complex and Always a Big Investment

An important first step is finding out how much you can afford. A frank discussion with a lender not only gives you a sense of what you can afford, it will familiarize you with the lending process under the present circumstances. Most sellers want to see a buyer’s pre-approval letter from a lender to indicate that the buyer is qualified for a mortgage. So your conversation with a lender will equip you to present yourself as a serious buyer.

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Representation by a Real Estate Professional is Critical

Engage a Buyer’s Agent, someone whose only obligation and responsibility is to you. A Buyer’s Agent is bound to keep all the information you share confidential. And a Buyer’s Agent will research the market, giving you detailed pricing information on past sales to guide you as you consider making an offer. A Buyer’s Agent will negotiate the transaction in a way that helps you purchase your home at the most competitive price.

Typically, the Buyer’s Agent is paid by the seller. In Massachusetts, listing brokers co-broke with Buyer’s Agents, sharing the commission fee with the Buyer’s Agent. Your Buyer’s Agent will help you to find the lenders, attorneys and home inspectors who are all involved in the purchase process.

Massachusetts is a “Lawyer” State

That means that a lawyer is necessary or recommended at many stages in the purchasing process. We don’t have escrow companies; recent legal action has reaffirmed that so-called closing companies cannot “close” sales in Massachusetts; lawyers representing the lender must be present. Most buyers engage attorneys to best represent their interests.

Contact RG-Homes or call 617.763.4902 for a tour of Metrowest Boston real estate.

For more information click here. Click on www.mass.gov     www.lawyers.com for more helpful information.

What can i say about rg residential? as a first time home buyer i made it my business to learn as much as i could, but still the task was daunting. when you are about to make one of the biggest decisions of your life, there is no substitute for an experienced and trusted counsel. they care about what they do and they know how to talk to people; a combination which is always hard to find. save yourself the time and the headaches. get rg residential on your team. rg residential will bring you home!
-- Peter S.