| This is the time to buy! No time has been better in recent history! Prices and interest rates are at amazingly low rates and have spurred buyers and investors to take advantage of this market.The first item to address is getting a mortgage pre-approval. This will help you save time by knowing exactly how much you should be looking to spend on a new home. We have many mortgage officers that are local that we work with consistently. Feel free to browse our Mortgage Info page and follow the links to explore these contacts. We will help you individually to get the right broker and mortgage program that will suit your needs. We will contact you regarding properties as they come on the market and help to establish the most viable listings that meet your needs. After you have found the property that you would like to purchase, we will work to negotiate to your benefit with the Seller's Broker using any information that will benefit your position. Afterwards, we will work towards finding pertinent information regarding the home and help you to complete all inspections with confidence. Please feel free to browse the following articles more fully. |
AGENCY EXPLAINED
For the protection of you, the consumer, Massachusetts mandates that the relationship between Real Estate Agent and Customer/Client be clearly defined. Listed below are summaries of the agency relationships that exist in Massachusetts and the implications of each. Your Coastal Countryside Properties partner can, and will, provide more detail about each of these should you wish to enlist our services.
A Seller’s Agent, also known as a Listing Agent, is one who works for the seller. He/She owes the seller undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality, and accountability. The Seller’s Agent puts the seller’s interests first. The agent, however, must disclose all known material defects (problems that may influence decision-making) in the property to potential buyers.
A Buyer’s Agent is one who works for the buyer. He/She owes the buyer undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality, and accountability. The Buyer’s Agent puts the buyer’s interests first. Like a Seller’s Agent, he/she must disclose all known material defects in the property.
A Dual Agent is one who represents both the buyer and the seller in a real estate transaction. This occurs only with the expressed and informed consent of both parties and must be documented in writing. A Dual Agent must remain neutral with respect to conflicts of interest, and while he/she cannot satisfy the undivided loyalty requirements of a Seller’s Agent or Buyer’s Agent, all material information will remain confidential, and all funds will be appropriately accounted for.
A Non-Agent, also known as a Facilitator, assists in connecting buyers with sellers and reaching a final purchase and sale agreement. The Facilitator represents neither the buyer or seller and has no duty to maintain confidentiality. However, he/she must disclose known material defects in the property, accurately account for all funds, and act in an ethical and legal manner.
Regardless of agency relationship, each Realtor® is bound by the laws of Massachusetts and the U.S. Government and by the tenets of the Realtor® Code of Ethics.
ARE YOU READY TO BUY?
Align yourself with a professional who will represent your best interests and provide you with the information necessary to give you a competitive edge when purchasing your home
Know what you want and communicate it
· What neighborhoods and architectural styles suit you?
· What sized living area, land or condo would you prefer?
· What age and condition of a home would you consider?
· What amenities are most important to you and your family?
Get all the information you can on
· Towns/Neighborhoods that interest you
· Current market trends
· Mortgage rates
· Local / Regional business climate
· Other relevant local programs / activities
Get pre-approved with a mortgage professional — better yet, get a commitment
Discuss strategies and motivations for your purchase
Minimize contingencies
Understand the process, timeline, and requirements / expectations
· Identify property of interest
· Make an Offer to Purchase with a good faith deposit
· Schedule all inspections
· Sign Purchase and Sale with remainder of deposit given (usually 5%)
· Finalize mortgage application process and commitment date
· CLOSE!
Be aggressive yet realistic when negotiating. Develop strategies for an optimal outcome.
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