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Buying a Home in the Greater Boston Area

The Greater Boston area is one of the most desirable and competitive real estate markets in the world, and we understand that making a decision is a particularly overwhelming experience. From mastering the difference between condos, single and multi-family units, to planning for closing costs, there is a lot to learn. That is why we created this Buyer’s Guide to set you on the right course to owning your perfect home!

Steps to Buying A Home

01 Meet and Strategize

During the initial meeting we will discuss what you’re looking for in your next home. Including neighborhoods, pricing, and timeline, to guide your search.

02 Get Pre-Qualified

Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying cash for the full purchase price of your home). We can connect you to a mortgage broker. Based on your income and credit history, the mortgage broker will determine how much the bank will lend you, which will help you determine the price range for your search.

03 Visit Properties

We will build a tour sheet for you and we will attend viewings and open houses, spanning a range of areas and property tours.

04 Package and Submit an Offer

Once you have seen a home you like, you can put in an offer, which is a agreement to pay a certain price for the home. If your offer is lower than the list price, the seller will likely return with a counter-offer price, which you can choose to accept, reject, or make another offer. We will provide advice throughout to ultimately reach an agreement with the seller on price and terms.

05 Conduct Home Inspections

You are given a limited time period during which to conduct inspections.

06 Sign Contract & Put Down Payment

The seller’s attorney will draft a purchase and sale contract and deliver it to your attorney. If any changes are requested, the seller must agree to these changes. Signed contracts are then returned to the seller’s attorney with a contract deposit. This deposit will be a portion of your down payment.

07 Final Loan Commitment

Work with your lender to make sure they have all required documentation in order to provide final loan commitment. The bank then issues clearance to close.

08 Closing Scheduled by Attorneys

09 Final Walk-Through

A final walk-through of the property is performed just prior to closing. The walk-through confirms that no damage has been done to the home since the time of the inspection, that the major systems and appliances are in working order, and any inspection items have been addressed.

10 Congratulations!

Once all the conditions of the contract have been satisfied, the closing is held. The closing documents are signed, payment is exchanged, and you will receive the keys to your new home!

Have a question? We are here to help! Send us a message with your questions and we will help guide you.

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About our blog

Our agents write often to give you the latest insights on owning a home or property in the local area.