Are you ready to buy
a home in Boston,
MA?
Be prepared: With inventory tight and prices rising, this is a tricky
time to be entering the market as a first
time homebuyer in Boston,
MA.
You may worry that you will be challenged while competing against
more seasoned buyers when it comes time to put in an offer. Here are
some smart moves that are recommended as you begin to enter the
housing market.
Credit. Lock
up your financials now and clean up your credit and save for a bigger
down payment so that you’ll qualify for the best mortgage rate and
avoid any fees. For the best loan rates you’ll need a score of 740
or better so aim high. You can boost yours by paying down credit
cards and avoiding any late payments.
Alternative
Mortgage Options. If you can’t get close to the 20% down
payment or you have a mid-range credit score you can look into
alternative mortgage options that can allow you to put down as little
as 3.5%. Mortgage giants Fannie Mae and Freddie Mac launched programs
last year that can help.
Pre-Approval.
Getting a pre-approval means that a mortgage lender has checked
your credit and verified your income and assets. This can give you a
step up with the competition.
Get a Buyers
Agent. A
qualified Boston,
MA
real estate agent
can help you find listings and guide you through the financing,
inspections, and price negotiations. Best of all their services are
free to you since the home seller pays the commission.
Buying or selling a
home can be quite an adventure. Whether you are in the market to sell
your Boston,
MA
home
or you are wanting to buy
a home in Boston,
MA
you will benefit from the help of a real estate professional. When
you are ready, contact
a Boston,
MA real
estate agent
real estate agent.
Lucas
Garofalo
Keller
Williams Realty
(617)
861-3631
Lucas@LucasBostonHomes.com
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