The wait between submitting your offer and waiting to hear back if it has been accepted. This is probably the most stressful wait of all. You finally find the PERFECT home, it meets all your criteria and you really, really want that home! Unfortunately, so do TEN other buyers. You put your best foot forward and […]
Decide What You Want. Where do you want to live? Do you want a condo, or a single family home? City or ”the burbs”? Do you like to entertain? Do you want a garden? Write down your home ownership goals. Gathering your thoughts now will make decisions you make later in the home buying process […]
Schools can have a big impact on property value and quality of life. If you’re buying a home, here are a few reasons local school ratings matter, even if you don’t have kids. The next buyer will consider the school ratings, too According to the National Association of REALTORS Profile of Home Buyers and Sellers, when people […]
2017 has brought some very exciting changes for home buyers. For the first time since 2006, the maximum loan limits for conforming loans backed by Fannie Mae and Freddie Mac have been increased. This change will have a positive impact by giving buyers the opportunity to break in the the market with a smaller down […]
While the Consumer Financial Protection Bureau (CFPB) changed the mortgage disclosure rules substantially last year, it did not change the APR, which continues as the disclosure centerpiece. Whenever lenders disclose a rate quote, they must also disclose the APR. The reason for the central role of the APR is that it pulls together the interest […]
At RateGravity, we are honored when given the opportunity to conduct home buyer classes because it gives us the chance to live one of our core values, which is to provide unbiased educational content. During several of our most recent classes, we have heard a consistent theme from many potential homebuyers that we refer to […]
Here is the housing report skinny from Linda O’Koniewski, CEO of RE/MAX Leading Edge. “The lack of inventory is feeding on itself. Folks are reluctant to put their house on the market to trade up or down if they are fearful a quality and worthy house won’t come along, or if it does, that they […]
Industry activism may have paid off. The Consumer Financial Protection Bureau is reconsidering the Know Before You Owe Rule, according to a letter by CFPB Director Richard Cordray. According to a HousingWire report, the letter, addressed to eight industry groups, acknowledged their worries about TRID compliance and informed them that the CFPB has begun drafting […]
Start with this guideline: your target home should cost no more than 2.5 times your gross annual salary. For a $100,000 salary, that’s a $250,000 home. Now fine-tune that number with a hard look at your finances and current mortgage rates. Use Bankrate’s calculator to estimate your mortgage limit based on income, your target property’s […]
Home prices year-over-year have increased by 5.4 per cent according to the S&P/Case-Shiller HPI. The 20-city composite was up 5.7 per cent while the 10-city composite rose 5.1 per cent. Seasonally adjusted increases were 0.5 per cent (national), 0.8 per cent (10-city) and 0.7 per cent (20-city). Among the 20 cities, Portland led the way […]
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When we say we are “redefining service in real estate,” we mean it! Our clients come first. We will educate you on what needs to be done to have a successful sale of your home. There are many components to a successful real estate transaction; you can count on us to be there every step of the process and make sure no detail is overlooked. With a proven track record, the right skill set, and years of experience, the Homes North of Boston Team has the right tools to successfully sell your home. If you’re serious about selling your home, we’re serious about getting the job done!