So You're Thinking of Buying a Home in Boston?

Posted by Tara Peterson on Tue, Aug 09, 2011

You've never done this before, and it can be, well...kind of intimidating. I'm sure you've had your doubts, questions, concerns... it can be really quite overwhelming, but it doesn't have to be!!

You've been pondering this, discussing it with friends and family, but want more information on the market and what actually happens during your first home buying, but you're not quite sure where to get the answers? We at Charlesgate Realty Group can you help you!

We've been hosting a Boston Home Buyer Class for a few years now. It's free. And we discuss things such as:

    •    Renting vs. Buying: Whether it even makes sense for you to buy right now
    •    Homebuying process and timeline: How long it actually takes to buy
    •    Working with an agent: How it works and whether or not you really need one
    •    What mortgages are still available and how much cash you need to buy
    •    Using neighborhood level data (like discount ratios and real time trend graphs) to value properties
    •    Negotiating 101: How to craft your offer to drive a hard bargain!
    •    Top 10 online resources to aid your home search


It's very low key, we offer food and drinks before and afterward and it's a great way to learn about the Boston real estate market, ask questions that you may have regarding the process. In fact, our buyer agents stick around to answer any other questions you may have that we may not have hit upon during the class. The class is at 6pm on Tuesday September 20.

Click here to get more information and to register. We hope to see you there!

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Tags: Condos, charlesgate realty, Boston real estate, Boston condos, charlesgate realty group, Boston, Back Bay, downtown boston, South End, for sale, buying, foreclosures, housing market, attorneys, economy, the economy, buyers, financing, buyer tools, events, condo docs, buyers agent, property search, pricing, property tax, Financial District, beer

Congress extends Fannie and Freddie conforming loan limits for Boston thru 2010

Posted by Michael DiMella on Wed, Nov 18, 2009

On October 29, 2009, the House and Senate passed legislation to extend the current conforming loan limits for FHA and Freddie Mac and Fannie Mae (the government sponsored enterprises, or GSEs, that back much of the mortgage market in the U.S.) through December 31, 2010.  These loan limits, set at 125% of local area median home price and capped at $729,750, would have expired on December 31, 2009 in which case loan limits would have been reduced in many markets.
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Tags: Boston real estate, economy, politics, buyers, financing

Recession...what recession? Back Bay parking space sells for $300K

Posted by Michael DiMella on Mon, Jun 15, 2009

Gotta love disposable income (in the middle of a recession)....Do I even need to write more?

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Tags: Back Bay, economy

How will the Fed injection of $1 Trillion into the economy affect real estate

Posted by Michael DiMella on Thu, Mar 19, 2009

After Fed Chairman Bernanke's appeareance on 60 minutes Sunday night to try to instill some confidence in the economy by "talking directly to the American public", he is now backing up his words with more action.

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Tags: economy

Will the recession end in 2009? Fed Chairman Bernanke thinks so...

Posted by Michael DiMella on Mon, Mar 16, 2009

Ben Bernanke, Chairman of the Federal Reserve, gave an unprecedented interview that aired on 60 Minutes last night.  Fed Chairmen very, very rarely grant interviews, so it made for interesting watching.  Clearly the objectives of the interview were for Bernanke to remove some of the secrecy of the Fed by explaining their decisions a bit and to instill some confidence in the economy at a low point.  I think he succeeded in both.

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Tags: economy

Jon Stewart vs Jim Cramer - A Daily Show Smackdown

Posted by Michael DiMella on Fri, Mar 13, 2009

In case you missed the much hyped Daily Show appearance by Jim Cramer, here you go!  This is great TV!  Jon Stewart savaged a cowering Jim Cramer last night on the Daily Show in an extensive interview (aka interrogation) about the financial meltdown and CNBC's role as a cheerleader for the banking industry.  If you haven't seen it yet, I embedded the videos from the interview below, as well as Cramer's response on MSNBC this morning just to be fair.  Watch for yourself!

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Tags: economy, credit crisis

How the Obama foreclosure prevention plan will work...

Posted by Michael DiMella on Sat, Feb 21, 2009

The NY Times had a fantastic article with these two great diagrams about Obama's new foreclosure prevention plan.  The top diagram shows how the plan may help "responsible homeowners" who are not necessarily at risk of default but may not have enough equity to refinance at the current low mortgage rates.  The second diagram shows how the plan will help lenders modify loans of "at risk" homeowners to prevent them from falling into foreclosure.

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Tags: foreclosures, economy

Obama unveils new $75 billion foreclosure prevention plan

Posted by Michael DiMella on Fri, Feb 20, 2009

President Obama presented his foreclosure prevention plan to the country from Mesa, Arizona yesterday.  Larger than expected, the plan has 3 main components (including a $75 billion loan modification initiative) that are expected to save 7 to 9 million homes from foreclosure, which Obama explained:

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Tags: foreclosures, economy

Major banks to halt foreclosures nationwide

Posted by Michael DiMella on Sun, Feb 15, 2009

Led by Fannie Mae and Freddie Mac, a collection of major banks including Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, and Morgan Stanley, have all announced that they will halt foreclosure proceedings temporarily while they await news of Obama's $50B plan to permanently ease the foreclosure problem.  Bloomberg reports in Banks to halt foreclosures for 3 weeks:

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Tags: foreclosures, economy

$8000 homebuyer tax credit to create demand; now what to reduce foreclosures?

Posted by Michael DiMella on Fri, Feb 13, 2009

UPDATE (NOV. 5, 2009): Read this for information about the newly extended and expanded $8,000 home buyer tax credit which is is open to more than first time homebuyers and extended to May 1, 2010.

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Tags: economy