buying process

Real estate and the moving target of Covid-19

Friday morning, March 20. There are 470 open houses listed for this weekend. Friday afternoon. Several mayors issue statements and business guidelines intended to limit non-family interactions. This included limiting open house activity. Greater Boston Association of Realtors® adopted these guidelines. Saturday morning. There are 444 open houses listed as of 10:30. Monday morning. Real

By Rona|2020-03-26T10:55:35-04:00March 25th, 2020|Categories: buying process|Tags: 9/11, coronavirus, Covid-19, first-time homebuyer, recession|

“Team Buyer-Seller” is Bad for Buyers and Sellers

Open houses are the way to sell your house or condo, right? Wrong. Veteran listing agents report that open houses are not the best way to sell a property. Most agents find open houses more useful for getting additional business than for selling the house or condo. It is not uncommon for me to go

Why Pre-Inspections are Bad for Sellers

Eastern Massachusetts, and other areas, have experienced a long period of seller’s market. That’s when there are more buyers (demand) than houses or condos for sale (supply). Sellers and their agents have the upper hand. Because of this, sellers and their agents are trying ways to get the most advantage over buyers. But pre-inspections should

Who is watching at the open house?

Danger! Open house For sellers: It has long been obvious to us that open houses are not safe for the owners of the house. Agents for the seller cannot protect the house, were someone to come in with a notion to steal. Stealing is common at open houses. Since cameras became common, more are getting

By Rona|2020-02-19T09:43:06-05:00February 19th, 2020|Categories: buying process|

Avoidable Problems: How a Walkthrough Protects Buyers

Sometimes, we hear stories from people who planned on using our services but then wandered into an open house and found themselves represented by the person at the open house. This happened to someone Dave knew, recently. By the time Dave found out about it, it was too late. The agent who “represented” these buyers

By Rona|2019-11-11T11:28:58-05:00December 4th, 2019|Categories: buying process, Dave|Tags: closing, exclusive buyers agent, Realtor.com, walkthrough|

Renovated Houses and Condos: Advice For Buyers and Sellers

Hello buyers! The National Association of Realtors® studies which renovations will excite you into spending more for your next house or condo. What will buyers pay a lot for, and what falls in the “nice to have” but does not add cash to the seller’s pockets? The defense, for you as buyers, is to keep

By Rona|2019-10-07T11:47:04-04:00October 23rd, 2019|Categories: buying process, Problems and repair|Tags: bathroom, floor, kitchen, NAR, renovations that pay back on resale, roof|

The end of bidding wars?

The Boston Globe published an article about the possibility of a slow-down in local real estate. “... houses are taking longer to sell, and when they do, they’re more likely to sell below listing price than they did a year ago. Also, the number of homes on the market, particularly condominiums, is up. The market

Saving on Private Mortgage Insurance (PMI)

Recently, my car insurance nearly doubled. No, I didn’t have an accident or get a ticket. I was up for annual renewal, and the algorithm at the company changed. My heads-up insurance agent noticed the change and moved me to another company. With the change, this year’s car insurance will be about $150 less than

By Rona|2019-08-20T12:16:26-04:00August 14th, 2019|Categories: buying process, Mortgage matters|

What is PMI and why do you have to pay it?

Private mortgage insurance (PMI) is an additional fee that borrowers who don’t have a 20 percent down payment must pay. It insures the lender, not the borrower. The lender’s costs to foreclose and resell the property could be more than the amount the borrower put down, initially, unless the lender has 20 percent up front.

By Rona|2019-07-11T14:50:53-04:00July 17th, 2019|Categories: buying process, condo issues, Mortgage matters|Tags: low down payment, PMI, private mortgage insurance|