Best Practices for Buying a Home in Boston
• Budget realistically – Make sure that what you can actually spend each month aligns with what you intend to borrow to buy your home.
• Be an informed buyer – Check out your financing options (see our “Your Guide to Home Financing” article), and if you buy by December 2009, investigate whether you qualify for the $8,000 first-time homebuyer tax credit.
• Get preapproved for a mortgage – This will both add to your credibility as a buyer and give you a clear understanding of what you can afford when searching for Boston Homes and Boston Condos.
• Consider hiring an attorney – An attorney can help protect your best interests when drafting and negotiating the Contract to Purchase/Purchase and Sale Agreement.
• Find realtors, brokers, and inspectors you trust – Ask friends and family for references of reliable, trustworthy professionals who will work alongside you through the home-buying process.
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