Purchase Property

Boston.com / Real estate Buying Renting Recent sales Place an ad Luxury Living Community data Financing Commercial Moving Guides Making an offer MORE Buying Guide: Step 1: What can I afford? Step 2: Find an Affordable Place Step 3. Home Buyer Counseling Step 4. Pre-Qualification Step 5. Making an Offer Step 6. Applying for a Mortgage Step 7. The Home Inspection Step 8. The Closing Process Get more information on home buying. Click here NEWS LINK NEWS LINK USEFUL LINKS Mass Housing pre-qualification Affordability calculator Income worksheet Debt worksheet Frequently asked questions RESOURCES For Sale: Homes | Condos | Open Houses For Rent: Apartments | Houses | Roommates Vacation rentals Place an ad: On Boston.com | In the Globe Commercial: Search listings for sale or rent TOOL KIT Printer-friendly version E-mail to a friend Once you've found the home that best meets your wants, needs and budget, it's time to make an offer. An offer is a formal bid for the property, and among other things, sets the amount you are willing to pay for the home. The Offer to Purchase is a signed contract and is therefore a legally binding commitment stating that you will buy the property provided certain terms and conditions are met. An accepted Offer to Purchase Real Estate must be in writing and must be signed by both parties; the Commonwealth of Massachusetts does not recognize verbal offers as valid. You might consider bringing your lawyer into the process before you sign anything, because an attorney can protect your interests as a first-time home buyer. Considerations Many factors come into play as you prepare to make an offer on a property. Carefully consider the following points: What is the condition and age of the house? What will be the cost of any repairs? Are the sellers willing to take on any of the repairs or closing costs? How long has the property been on the market? How active is the market? (i.e., buyers or sellers market) Are the sellers anxious to sell? Is the property in a particularly desirable location or school system? Does the house have everything or almost everything you've been looking for? Preparing the Offer When you are ready to make an offer to a seller or to the agent involved, do not offer more than you can afford. The offer should clearly outline all terms and conditions of the sale, including your name and the name of the party to whom the offer is made, the property's address, any special provisions regarding fixtures, appliances, etc., the total amount of the purchase price being offered (including the amount of deposit you are putting down to bind the offer and the additional deposit to be paid upon the execution of the Purchase and Sale Agreement), and any additional riders and deadline dates. Real Estate Regulations for the Commonwealth of Massachusetts can be obtained from www.mass.gov Timing and Deadlines Timing and deadlines are very important in real estate transactions. You should allow yourself enough time in the Offer to Purchase Real Estate to get an inspection, negotiate the Purchase and Sale Agreement, apply for and obtain mortgage financing, and set a closing date. Real estate deals often fail based on the inability to meet deadlines set forth in the offer. An Accepted Offer The seller may accept, reject or counter your offer. If there is a counter-offer, you may in turn accept, reject or counter. The negotiations between you and the seller could go on for several days and may be stressful at times. One way to mitigate stress during the negotiations is to involve a broker to mediate the process. It is important to remember that regardless of the progress of your negotiations, the house remains on the market during negotiations. Do I Need an Attorney? It is recommended that you retain an attorney when purchasing your first home. How will an Attorney help me? An attorney will protect your interests as a home buyer, and will: Help you negotiate a fair purchase price Help you prepare the Offer to Purchase Help you negotiate a more favorable purchase price if the home inspection uncovers significant problems Draft and/or revise the Purchase and Sale Agreement to protect you and your money Assist you with the mortgage process Prepare you for the final walk-through of the property Attend the closing and represent your interests. Tips for Successful Negotiations When negotiating the price of a home with the seller, you must analyze all of the relevant factors and determine who has the stronger bargaining position. Potential factors include market activity, location and timing. If the local market is active with many other buyers interested in the home, the seller may have the better position. If your local market is not active and the seller needs to sell the home, you may be in a better position to negotiate. For negotiating tips, Go The Purchase and Sale Agreement Once your offer has been accepted a Purchase and Sales agreement (normally the second contract between the buyer and the seller after the initial Offer to Purchase is signed) is drawn up by the broker. The Purchase and Sale Agreement spells out the agreement between the parties in specific detail. REMEMBER! This is a legally binding contract that should be reviewed by your attorney before you sign it. There are two types of Purchase and Sale Agreements: a Standard Form Purchase and Sale Agreement and a Condominium Purchase and Sales Agreement, which is designed specifically for issues associated with condominiums. It is a good idea to contact a broker to obtain copies of these forms. For a description of all components of a sales contract, Go Provisions and Contingencies By placing provisions and contingencies in your offer, you provide additional protections for you and your money. The Purchase and Sale Agreement should include a mortgage contingency clause, which states that your ability to buy the house is contingent upon your ability to obtain financing by an agreed upon date. Such a clause ensures that you do not lose your deposit on the house if your loan is not approved. Other contingencies should include acceptable home, termite, radon and lead paint inspections. The loan closing date and occupancy date should also be indicated in the agreement. For more information on provisions and contingencies, Go The Home Inspection What is the value of a home inspection? A satisfactory home inspection, although not required by law, is a major component of purchasing a home. A home inspection examines the condition of the property, and ensures that you are aware of any necessary repairs and potential problems before you buy the home. The buyer selects a licensed home inspector and pays for the inspection. The home inspection will cost a few hundred dollars but should be done; after all, uncovering problems before you buy could save you thousands. For more information, see Step 7: The Home Inspection . feedback | help | site map | advertising | globe archives | rss © 2006 The New York Times Company Real Estate Guide - Massachusetts Home Builder - New Home Construction

Colorado Real Estate

Breckenridge Lodging-colorado Real Estate Skiing Snowboarding information Summit County colorado. Today Snow High: 28 to 32 Tonight Snow Low: 10 to 15 -- If you would like to be kept informed on things going on in Breckenridge such as weather , lodging specials , cool stuff and more, then sign up for our email club now. BreckNet is the Breckenridge Colorado local information source for Breckenridge, Colorado and all of Summit County, Colorado. Step inside to learn more about this gorgeous alpine town and its surrounding areas, located high in the Central Rockies of Summit County, Colorado. BreckNet lists lodging companies and lodging specials as well as Real Estate companies in case you're looking to buy. Locals say the best things about Breckenridge Colorado are the endless opportunities for R&R. Talk about recreation ! Come in the summer to hear a concert, play golf, hike, camp, bike, fish, kayak, ride horses, or just go shopping ! There's something to do every minute of the day. Ski Breckenridge Lodging Call Toll Free: 1-800-754-9378 In the winter , enjoy some of the best skiing in the world. Our snow is light, soft, and plentiful! Check the list of Breckenridge Colorado ski and snowboard shops to save time with rentals. Winter in Breckenridge Colorado offers excitement and romance with skiing, snowboarding, ice skating, snowmobiling, sleigh rides, helicopter skiing, apres-ski entertainment , and candlelight dining . Looking for a deal? SkiCoupons.Com is the answer. Find tons of printable coupons for steals & deals on a wide range of products and services in the area like; lodging, dining, tours, shopping, skiing, rafting, golf, fishing, sportsgear, and much, much more! Check out their website today! Click here for air fare. Click here for Car Rentals. P.O. Box 1318 - 101 North Main Street, Suite 6 Breckenridge, Colorado 80424 For advertising information, Call 970-547-9690 - email chip@colorado.net - or visit www.inw.biz Email, dial-up or DSL Questions? Contact our sister company, VailNet/ColoradoNet 949-3318 * http://isp.vail.net

Real Estate Loan

Find Real Estate, Rentals, New Houses, Real Estate Agents and Mortgages on Yahoo! Real Estate Find Real Estate, Rentals, New Houses, Real Estate Agents and Mortgages Choose Location Home Homes for Sale Apartments for Rent Home Loans Moving & Insurance Tools My Real Estate Hurricane Katrina Resources Features Classifieds • Sell Your Home • Rent Your Apartment Home Loans • Mortgage Rates • Online Rate Quotes • Refinance Loans & Rates • Home Equity Loans & Rates • Free Credit Reports Resources • Find & Compare REALTORS • Find a Mover Insurance • Homeowner's Insurance • Renter's Insurance Tools • What's My Home Worth? • Research Neighborhoods • Free School Reports • Foreclosure Center • Home Service Center Commercial Real Estate • List Commercial Property National Mortgage Rates Tue Jan 18 Mtg Loan Rate APR 30-yr Fixed: 5.25% 5.38% 15-yr Fixed: 4.74% 4.94% 1-yr ARM: 3.53% 5.20% See Local Mortgage Rates Provided by Bankrate.com Neighborhood Profile Research neighborhoods nationwide! City, State, or Zip: Real Estate Listings Browse by City New! Home Loans Center - Find, Compare, & Graph Rates Find a Home Find a Rental City & State, or Zip: Price Range: $0 $30,000 $50,000 $80,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $650,000 $750,000 $850,000 $1 million $1.25 million $1.5 million $1.75 million $2 million $2.25 million $2.75 million $3 million $3.5 million $4 million $4.5 million $5 million $6 million $8 million $10 million to No limit $30,000 $50,000 $80,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $650,000 $750,000 $850,000 $1 million $1.25 million $1.5 million $1.75 million $2 million $2.25 million $2.75 million $3 million $3.5 million $4 million $4.5 million $5 million $6 million $8 million $10 million Beds: Any 1+ 2+ 3+ 4+ 5+ Baths: Any 1+ 1 1/2+ 2+ 3+ 4+ 5+ Search For: Existing Homes Yahoo! Classifieds New Homes Foreclosures Advanced Search Search Commercial Real Estate Mortgage Payments Calculate your biweekly & monthly payment for different loan amounts, interest rates and amortization terms. Loan Amount: $ Term (years): Interest Rate: % Show table?: Yes No See More Loan Calculators Sponsored Links (Become a Sponsor) Partner Spotlight Featured Sponsor Find a Local REALTOR by HomeGain • Find & Compare REALTORS • Get Home Prices Featured Videos Dream Home Videos by Inman Stories Real Estate News A term every home buyer, real estate agent, homeowner should know Dec 28, 2005, Inman News Rolling Boom Lifts Real Estate Beyond Coastal Cities, States Dec 28, 2005, Realty Times Housing Affordability Hits 14-Year Low Dec 22, 2005, RealEstateJournal.com New home sales tumble but consumers bright Dec 23, 2005, Yahoo! Finance REIT Funds See More Growth In 2006 (Investor's Business Daily) Dec 27, 2005, Yahoo! News New Home Sales for 2006 Look Good Dec 23, 2005, Quicken Loans more real estate news Homes For Sale - Apartments For Rent - Current Mortgage Rates - Real Estate Agents - Local - Yellow Pages