Buying a Home in Massachusetts: 5 Tips to Make You a Homeowner in the State


The median home sales price in Massachusetts is close to $400,000. If you’re thinking about buying a home in the state, you’ll quickly realize that it’s a long process.

Buying a home doesn’t have to be a difficult thing to do. You just have to know what to expect. These home buying tips will make sure your home purchase goes smoothly.

Are you ready to learn what they are?

Let’s get started!

  1. Know How Much You Can Afford

You know what the average home price is in Massachusetts, but that doesn’t mean that’s what you’ll pay for your home. You might not be able to afford that much.

Take the time to have a home budget in mind. Depending on how much you have for a down payment, you will also have to consider mortgage insurance payments too.

There are also property taxes, maintenance, and other unexpected expenses. These costs have to be worked into your budget, too.

  1. Find the Right Agent

The right agent will understand your needs, wants, and budget to help you find the perfect home. A good real estate agent will also go to bat for you in a competitive market.

They’ll negotiate the offer and have a wide network of professionals to guide you through the process. An agent is going to be up to date on different mortgage programs for homebuyers. One mortgage program is the One+Boston Mortgage Program that offers low interest rate loans.

  1. Pick Your Perfect Neighborhood

Do you know where you want to move to? There are areas of Massachusetts that are gorgeous and tranquil. Do you need to have a home in a good school district?

Maybe you need to be closer to Boston for work. In that case, you’ll need to let your agent know what you’re looking for to find the perfect location.

  1. Don’t Make Any Sudden Moves

Real estate agents and mortgage brokers work hard to make your purchase a reality. You can bring the sale to a halt by doing something that can cause the loan to fall apart.

A sudden job change before you close on the home can cause lenders to think twice about the loan.

Taking out credit cards to buy your furniture and appliances can also be a sign to lenders. They’ll think that you’re taking on too much debt at once.

The best thing you can do is to wait before you make any moves that will impact your credit and income sources. The more stability you can show, the better.

  1. Get the Home Inspected

You’ll need to have the home inspected before you purchase the home. This is to ensure that the home is in good condition before you finalize the purchase.

A home inspector doesn’t have to check everything. For example, they’re not required to check for termites or radon. You want to work with an inspector that will check for these items even though they’re not required.

Buying A Home in Massachusetts

Buying a home can be a long, overwhelming process. If you’re ready to buy a home in Massachusetts, you’ll need to know what you can afford. The best thing you can do is hire a real estate agent to help you through the home buying process.

For more money tips check out the Investment section of this site.