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If you want to buy a home in 2019, here are 3 things you should be doing now

Jan 13, 2019

If you want to buy a home in 2019, here are 3 things you should be doing now

While it’s only January and the prime spring market is still a couple months away, it’s NOT too early to be prepping for your home search if you’d like to buy this year. Our market moves fast, and you will need to be ready to go when the home of your dreams hits the market. Here are three things you should be doing now: 1. Assess your financial situation & get pre-approved for a mortgage Determine your comfortable monthly housing budget Figure out how much you have available

Mortgage savvy: Warrantable or non-warrantable (condos) — that is the question

Mar 26, 2016

Mortgage savvy: Warrantable or non-warrantable (condos) — that is the question

The following *great* explanation of this frequent issue in condo purchasing comes courtesy of Jono Sexton of Blue Hills Bank… it covers what banks look for in a condo, in what situations the guidelines matter most, and what can be done in the worst case scenarios. When financing a condominium, as a bank we hope we can use a LIMITED PROJECT REVIEW (aka ‘limited’, or , ‘LPR’) for the condo approval. That means that most of the normal condo guidelines do not apply. LPR is only

Feb 25, 2014

The Offer Review Process: An Insider’s View

A couple weeks ago, I had a listing for a condo in Cambridge that received ten offers. The same week, two of my colleagues had eight offers each on their listings. Another had 28. This was not an anomaly, nor is it likely to change anytime soon. So what’s a hopeful homebuyer to do? Well, I’m a big believer in the whole knowledge-is-power thing, so thought it would be helpful for those of you throwing your hats in the ring to understand a bit more about how your offers are bei