Boston City Properties would love to represent you on buying your first property. Our buyer's agent service is free of charge (the seller of the property pays any realty fees!). We have agents on call 7 days a week and would love for you to come and match you up with one of our experienced non pressure agents
How buying a condo in Boston works:
1) Sign up here to view current properties for sale in the Greater Boston area. Our website provides free access to the largest real estate database in the Boston area. If you see a property you would be interested in purchasing, or have any questions about the property -- call us at 617-247-1933 anytime from 8am-11pm 7 days a week.
2) If you are getting a mortgage, which many first time home buyers usually do -- you want to get preapproved for a mortgage loan. Basically a bank will check your credit, see how much you are putting down for a downpayment (many homebuyer's put down 5% -- however putting 20% down will help you avoid PMI Private Mortgage Insurance). You will then receive a preapproval quote on how much the bank will lend you.
3) If you see a property you are interested in -- and want to make an offer on the property, one of our expert buyer's agents can represent you and help get you the best price possible for the property. You will fill out a standard "Offer to Purchase Real Estate" contract and usually include a $1000 check that will go toward your downpayment. If the offer is denied you receive your $1000 check back.
4) When you agree on a final purchase price -- its now time for the Purchase and Sale agreement, a more formal contract of buying the property. Before that, its very common to have an inspection of the property to make sure everything is all set with the property -- and a third party inspection company will do this for usually around $400-$500. Its often common to hire a lawyer to check the property documents to make sure everything looks good with the property and that usually cost around $500-$600. At the P&S you usually put down a larger downpayment.
5) The closing... this is the day the title is transferred to you, and the keys, and you're ready to move to your new home!
The whole purchasing process usually takes about 30 days, however its common to close on a property sooner -- and even later.
Our buyer's agents are on call 7 days a week to answer any questions you may have. Our agents are on call from 8am-7pm to show properties for sale, and our Copley Square office is open until 11pm 7 days a week.
Buying a property is exciting, and is one of the greatest principles America was built on. Investing in Boston is one of the strongest real estate markets in the world. Boston's infrastructure is one of the strongest in the world as many of the world's top colleges and hospitals are all located in a short few mile radius.
E-mail us or call us at 617-247-1933 anytime from 8am-11pm 7 days a week with any questions and to set up to view any properties. We welcome you to Boston and look forward to meeting you soon!
