BROOKLINE MOVING COMPANY BLOG

The Challenge of First Time Buyers in Boston

Posted by Patrick Lundgren on Tue, May 14, 2013 @ 02:24 PM

Buying a home for the first time is definitely a major challenge, especially if you are looking for a place in a megalopolis like Boston. Some folks might even feel so desperate and discouraged that they will jump at the first opportunity they come across. However, in order to get the most of your purchase, here are some handy tips for you to consider when looking for a property in Boston.


1.What is the type of home that will suit your needs best?
In other words, what is that you actually need? This can be determined best by the number of people that will be living in your home. Depending on this, you will more easily decide if you need a single family home, a small apartment or a multi-family building that has two or more units. Don't worry, in a huge city like Boston there are numerous real estate agencies, offering all kinds of apartments and houses, so you will surely find what you need. You just need to know what you are looking for.

2.What features do you want your future home to have
This is easily the biggest purchase of your life and that is why it has to fit both your wants and needs as much as possible. While it might be quite easy to choose according to size and exterior, don't forget to pay attention also to the smaller details: kitchen, <a href="https://en.wikipedia.org/wiki/Bathroom">bathroom</a>, furniture, etc.

3.Think about mortgage and how much will you qualify for
Prior to starting your shopping adventure, know how much your lender will be willing to give you in order for you to buy your home. Whether you have any other debt, what your monthly income is, the up to date duration of your current employment.

The Challenge of First Time Buyers in Boston

 



4.Who will be helping you in the buying process
It is almost obligatory for you to have a Boston based real estate agent to help you locate those homes, which meet your standards and are also in the price range you have established. Trying to do this solo will, almost definitely, prove to be a quite difficult task, especially if you are not a Boston  resident, but have moved from a different city. It will be even harder if you come from a foreign country. Whereas, a Boston real estate agent has plenty of experience in this area of business and will surely be of much help. Plus, a good professional will protect you from the pitfalls you may encounter during the buying process.

5.Make an offer
Even if the house you have chosen already has a set price, negotiating is always possible. Again, the estate agent you have chosen will help you in this delicate matter. As a matter of fact, your agent will be the one making the offer to the seller, who will either accept it, or make you a counter offer. This can, in a way, go 'back and forth' until a common ground is reached and one of the both parties makes an offer that satisfies both seller and buyer.


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