We spend a lot of time blogging. Why? Because we feel education is one of the best tools we can give our clients in today’s competitive market. Whether renting your first college apartment or buying a multifamily property, having your finger on current market conditions is vital. But it more than just market stats, we share “fun facts,” new listings, and random things that catch our eye we think may interest you. Here, we have compiled our top 5 most read blog entries over the past few months. If you missed one, check it out!
3 Tips to Avoid Rental Regret
Not too long ago, I was in a rental situation where I met two customers working with another agent at arental apartment in Boston Charlesgate Realty Group had an exclusive listing for. The property was on the market for a little over 3 weeks and I showed it to the customers and their agent on a Wednesday. They asked me how often the unit was being shown, and I told them the property was being shown nearly everyday. The customers had to be in that building, loved the area, the amenities, valet parking, everything.
How To Negotiate Repair Items from a Home Inspection
As with so many other things in real estate, the home inspection is all about context. There are a handful of core concepts that can make or break how the home inspection impacts a potential sale.
Preparation
Foremost, is preparation prior to your home inspection.
Start with reading up on what an inspection is and what it is not and where a home inspection fits in the home buying timeline.
Wes Welker Leaves Boston – and His Gorgeous Back Bay Penthouse
As Wes Welker departs for Denver, the Boston community moans the loss of this amazing receiver but got a little excitement when his gorgeous condo hit the market last year! The $2.55 Million Back Bay Penthouse on Comm Ave is only a short skip from the Common and has gorgeous skyline views! With almost 2,500 square feet of luxury living, he spared no expense from the mini bar in the master bedroom to the gracious outdoor space.
How a Mortgage Commitment Contingency Can Save Your Down Payment
One of the first and most important items I discuss with buyer clients in our initial buyer consultation is how to structure an offer to purchase that protects your deposit. By adding an appropriate mortgage contingency and mortgage commitment date to your offer to purchase for a home in the Boston real estate market, you can protect your earnest money deposit and down payment from being lost to the seller in the event your financing does not get approved.
How Much Can I Afford for Rent Each Month
Typically in the Boston rental market, landlords don’t want to see tenants spending more than 1/3 of their monthly income in rent. Staying at 33% or less of income towards housing is a typical recommendation for sound personal financial management, so in the landlords mind, they feel safe if tenants are under that mark. The tenants can pay rent, yet still have enough income left over to actually live their life and not be in a huge money crunch each month to pay the rent. At least that’s the thinking anyway!
