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Finding a real estate home for sale in Brookline, Massachusetts, or anywhere else that fits the bill is no longer a difficult task. One of the biggest reasons for this change is the real estate expertise offered by experienced and licensed real estate agents. So, if you have the finances sorted and have a list of things that you want your potential home to have, then hiring the services of a real estate agent can make the real estate transaction simple and easy. Let us put this straight - you won’t have to bother about a thing when you have a real estate agent by your side. 

Make sure the person you choose to work with has spent years helping people buy the home of their choice in Brookline, MA. Experience in a particular area makes the people better understand its real estate market as well as the needs of people looking for a real estate home for sale in Brookline, MA. Plus, they have listings of the best properties around, which makes the job real easy for you. You can go through that listing and find a property that matches your needs to a T.

What To Do When You Are A First Time Home Buyer

by Eric Glassoff


Knowing what to do when you are a first time home buyer can be the difference between making the home buying process a stressful situation or an enjoyable success. Let’s get you prepared for the latter.

Am I ready to be a home owner?

Know whether it is a good decision to go from being a renter to a home owner by asking yourself:  

Am I prepared financially to take on the responsibilities of being a home owner?

Am I realistic about what type of house fits my needs, NOT what I think will make me look rich?

Will I be able to afford and have the means to keep my home repaired and updated?

Is my credit in order?

A few months before you start looking for your new home, pull your credit reports and address any issues – get it as clean as possible, address any inaccuracies.  

Get yourself pre-approved for a mortgage . This will save a lot of time and allow you to move quickly; imperative in the current sellers’ market.

Partnering Up with a Professional

Yes, you can find plenty of information about real estate listings on the internet. But, by partnering with a real estate agent, you will have an experienced professional looking out for your interests and someone who will be able to guide you through the bidding process.

Calculate your Costs

Sit down and calculate the following: closing costs , down payment , other fees . Being an educated buyer will put you in the best position to purchase a home that you will be able to afford now and in the future.

For more about what to do when you are a first time home owner go to Coldwell Bankers First Time Home Buyers Resource Center. 
 
 

What To Do If You Are A Buyer in a Sellers’ Market

by Eric Glassoff

What do you do when you are a buyer in a sellers’ market and you can’t find a new home to purchase? You act quickly, think creatively and get yourself financially prepared to purchase a home. 

Work on your financing

Get your credit is in order. Pull your credit reports. Know and address your credit issues before you start the process of getting a mortgage. Seek out a mortgage lender who will get you pre-approved. Showing a seller you are motivated and ready to purchase is invaluable. When the seller is looking at several offers, a buyer’s price and preparedness to get the deal done will be much more attractive.

Partner with a good local agent

Working with an agent who is well known for getting deals done quickly is important and necessary, especially in the current seller’s market.  Agents who are most familiar with the areas or school districts you are looking to move will know the best way to write up the type of offer to get a deal done.

Act Quickly

If you notice a new home up for sale, make an appointment to see it as soon as possible, preferably that day. Buyers are more aggressive in the current sellers’ market. Homes may be sold before there is even an Open House.

Get Creative

For the right price every home is for sale. See a home you like, send a personal letter to the home owner. You may be the buyer that will motivate the owner to sell their home. Find an agent who will assist you with looking at old listings or those that have been withdrawn or expired. You agent can also help you look at Pocket Listings or “For Sale by Owner” homes.

Remember being a focused, prepared, pre-approved buyer partnered with a great agent puts you in better position to move into your next dream home.

Eric Glassoff

Greater Boston Real Estate Expert

 

Greater Boston Real Estate

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Why Can't I Find a Home to Purchase?

by Eric Glassoff

Why can’t I find a home to purchase within my price range?

Why are there so few homes listed on the market than there was a year ago?

Over the last few months, I’ve been asked this question a number of times. The answer is a difficult one. Many variables are contributing to the near record low inventory of homes for sale. Here are just a few:

1. In some areas fewer foreclosures are available. There are less distressed properties available for investors.

2. Many of the homes that would normally be available for buyers are being used as investment property, because the rents being paid are better than the banks interest rates.      

3. Constructions levels of new homes are at an all-time 50 year low.  There are not enough new homes being built to meet the demands of the buyers.

4. Many buyers who want to trade up cannot find homes that meet their needs or their budget, due to an escalation of asking prices.

5. In some areas there are still a lot of foreclosures, which are not a good fit for first time home buyers or buyers who are wanting to trade up.

The good news is:

1. Many experts are speculating that there will be an increase in new home construction taking place in the second half of the year, continuing on into the next year. Increased inventory of new homes will entice people to make a trade up purchase; allowing them to feel more comfortable about putting their home up for sale.

2. Low inventory pushes prices to rise. Many of the homes that had depreciated are now worth more, enticing their owners to sell.

Since the landscape of the real estate market is always changing, contact me so that I can give you the most up-to-date information on buying and selling property in Brookline, the Back Bay, Newton and the greater Boston area.      

5 Things to Know Before Buying a Home in Greater Boston

by Eric Glassoff

Buying a home in the Greater Boston area can be an exciting time!  There are many beautiful homes and condos from which to choose and you probably want to jump right in to the house hunting process.  However, whether you’re a first time home buyer or have tackled the Greater Boston Real Estate market before, this year has brought about some changes to the home buying process.

 

As a Greater Boston Real Estate agent, I want to help you prepare for buying a home.  There are so many things to get in line before you begin searching for a home in Greater Boston, and I want to help you be as prepared as possible to ensure a smooth home buying process.  Below are five great tips that you’ll want to follow prior to scouring Greater Boston neighborhoods for your ideal home.

 

1. Get Advice- One of the first steps is to find a Greater Boston Real Estate agent that you can trust.  Getting the advice from a Greater Boston Real Estate agent and being able to ask any questions you may have will lay the ground work for a successful home buying process.

 

2. Understand your Debt to Income Ratios- Lenders will look at your DTI, your debt to income ratio, and if your combined debts (mortgage and other debts) are more than 36% of your yearly income; chances are you will have a hard time qualifying.  Each lender varies on this amount, but making the serious decision to buy a home can’t be taken lightly.

 

3. Establish a Home Buying Budget- It’s imperative to establish your budget prior to talking with lenders.  Just because you are approved for a certain amount on the loan, does not mean that’s what you can actually afford.  Lenders don’t take your extended finances into consideration, but will look at your income.  Be honest with yourself and with your Greater Boston Real Estate agent about how much you feel comfortable spending each month on a home and don’t sway from that amount.  You’ll be thankful you did not max out your spending limit in the long run!

 

4. Be Prepared with Your Financial Information- After you have found a Greater Boston lender, you’ll want to meet with them and establish where you are financially.  Take two bank statements and the past months’pay stubs to the meeting, along with your W-2 forms and the past two years tax returns.  They will then run a credit check and review your financials with you to determine the amount of the loan for which you’ll be approved.

 

5. Plan Ahead- Begin now to save money for, not only the down payment on your home, but for the additional costs each month.  This seems like a very basic point, but a very essential one.  The days of “no money down mortgages” are gone and most lenders require at 5% down.  You will also make sure that you have additional money for things like closing costs, as well as money in the bank when all is said and done.  Lenders are becoming more strict and want to know you can back up the purchase of a home. 

 

As you can see, there are steps that need to be taken before searching for a Greater Boston home, but doing these can create a smooth home buying experience.  If you have any questions about buying a Greater Boston home or would like to learn more about the Greater Boston Real Estate market; please let me know.  I’d be happy to meet with you and help guide you throughout the entire home buying process!

 

Feel free to contact me today to get started!

 

Eric Glassoff

Greater Boston Real Estate Expert

 

Greater Boston Real Estate

View Greater Boston Homes

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Contact Information

Photo of Eric Glassoff Realtor®, MBA ABR, ASP, SRES, e-PRO, Real Estate
Eric Glassoff Realtor®, MBA ABR, ASP, SRES, e-PRO,
Coldwell Banker
1375 Beacon Street
Brookline MA 02446
Direct: (617) 233-6210
Office: (617) 731-2447
Fax: Fax: (617) 431-5010

Testimonials

I was a first time home buyer looking a place in Brookline, and Newton area for a quite well, and tiredly had worked with several agents in 2008-2009.  I decided to find a place myself, and it happened that I found that sales agent Eric Glassoff had lots of the hot units in Brookline for sale.  So why not work with him as buyer agent then?After I started to work with him, I was so impressed with his professional knowledge, ability to educate clients, working efficiency, honesty, loyalty, and the capability to make a deal happen in the best interest of his client.  After I looked at 2-3 properties, I happily bought a dream home at Newton.  I strongly recommend Eric to any home buyers, as his excellence in business as well as his loyalty to his clients will bring you satisfaction in purchasing your dream home.  "Susan Zhang"... Read More