A mortgage is a debt, and an old debt can delay a closing. It almost never happens when there are professionals representing the seller. Once in a while, a seller doesn’t have a thorough attorney or broker. Then a title search will find out that their property still has an open mortgage without a recorded
Why we insist on home inspection: Since 2020, our company has been swimming against the current when we insist that all our clients get home inspections. We are fiduciary agents; that means we need to give sound financial advice. It is not sound financial advice for a buyer’s agent to suggest that a buyer forego
Recently, during the most competitive times in the seller-favoring real estate market, more sellers were asking for the right to stay in the home after the closing. This makes life much easier for the seller. Under typical circumstances, the seller and all their possessions must be out of the house before closing. The buyer walks
Mortgage pre-approval is needed in order to make an Offer in our area. Anyone without one appears disorganized, at best, and is likely to be written off by a seller as not worthy of consideration, at worst. The first question from a seller or seller’s agent about an offer is “How much?” The second is
What is an exclusive buyer’s broker and what is not When we say “exclusive buyer’s agent,” we mean an agent who works in a company that always supports buyer’s in their quest for the best property at the best possible price, without exception. Exclusive buyer’s agents, like us, never represent sellers who are trying to
As a house hunter, you are under no obligation to tell your lender that you are pregnant or plan to be pregnant. Pregnancy is not a legal reason for a lender to deny you a mortgage, unless your income changes in a way that makes you no longer qualified for the mortgage. In 2008, when
In August 2021, WBUR published this story about home-buying. The story encouraged buyers to do five things (in bold). A summary of my critiques is in italics after the “advice”: Prepare To Waive Contingencies. No, no. no, no, never. Check The Basement! Seller says you have 15 minutes, good luck! Since you are waiving home
Buyers (and buyer’s agents) get frustrated by the communication they sometimes get (or don’t get) from the seller’s side, during an offer situation. First, remember: The seller’s agent is duty-bound to follow the seller’s instructions. The seller’s agent may not disclose any information that is not approved by the seller. The seller’s agent’s goal is
The first week of February is too early for the annual “scare the buyers” article from The Boston Globe. I guess it was a slow news cycle in the real estate division. This annual tradition of throwing together statistics without context usually occurs a bit later in the year. In 2017, it was at the
If you have a new year’s resolution to buy a house in 2022, here are some things you can do to smooth the path to getting a mortgage. The paperwork does not have to be overwhelming, if you are prepared. The mortgage broker, also called a loan originator, is responsible to the lender to prove