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!

Read More

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

How I had to Settle for a One Bedroom When I Really Wanted a Two Bedroom

Posted by James Marsden on Thu, Dec 09, 2010

[This is a post from James Marsden, a buyer agent on our team here at Charlesgate Realty Group. If you have any questions, please comment below or contact James].

Read More

Tags: financing

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.
Read More

Tags: Boston real estate, economy, politics, buyers, financing

Boston real estate: Soft Second loan program offers lower costs to borrowers

Posted by Michael DiMella on Tue, Jul 28, 2009

[Here is a guest post from Jessica Later, one of the skilled buyer agents on my team here at Charlesgate Realty Group.  Please enjoy her post, and if you have any questions, please comment below or contact Jessica].

Read More

Tags: mortgage, buyers, financing

Mortgage rate update: Rates rise into the mid 5% range

Posted by Michael DiMella on Sat, Jun 06, 2009

For previous mortgage rate updates (which include graphs of the rates over time) see the following mortgage update posts from May 8, 2009 or April 24, 2009 or April 17, 2009 or see this post about jumbo rates for more about larger loans.

Read More

Tags: mortgage, financing

Jumbo mortgage loan rates may finally be coming down

Posted by Michael DiMella on Thu, Apr 09, 2009

If you've been dreading the substantial bump in interest rates that comes along with loans for purchases or refinances above $523,750 (which is the current conforming loan limit in the Boston area), you're not alone.  Since about half of all condos sold in downtown Boston sell for more than $500K (according to the latest median Boston condo prices), I suspect there are a lot of people in the same boat.   But now there is finally some good news for those of you thinking about buying or refinancing an "expensive" home or condo in Boston.

Read More

Tags: buying, financing

How the new $8000 first time homebuyer tax credit will work

Posted by Michael DiMella on Wed, Feb 18, 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.

Read More

Tags: taxes, financing

2009 Fannie and Freddie conforming loan limits for Boston increased in stimulus bill

Posted by Michael DiMella on Sat, Feb 14, 2009

UPDATE (NOV. 5, 2009): The new, higher Fannie and Freddie conforming loan limits have now been extended through 2010 by Congress (more info on that here).  Congress also updated and extended the $8000 tax credit for home buyers today.

Read More

Tags: mortgage, financing

Update on Senate version of $15,000 homebuyer tax credit

Posted by Michael DiMella on Tue, Feb 10, 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.

Read More

Tags: economy, financing

Mortgage rates continue to slide...

Posted by Michael DiMella on Mon, Jan 12, 2009

Read More

Tags: financing