Category Buyer Agency

Down Payment Resources

Are you sitting on the fence wondering if you should take action on buying a home?

Information is power. Consumer surveys find that home buyers are not evaluating all their options and many are potentially leaving money on the table. Below are two steps every potential buyer should take.

#1  Shop Your Loan

Many buyers simply click on a website to get “pre-approved” and stop there.  Many people think it will hurt their credit score if they apply with multiple lenders. However, according to the Consumer Financial Protection Bureau when multiple credit checks are concentrated over a short period of time they are typically treated as one inquiry and will not impact you credit score. I always tell my clients to check with their current bank or credit union...

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Best Bets to Avoid a Bidding War

bidding-war

This isn’t the typical post on this topic which tells you to make your best offer first, include proof of funds/financing with the offer, avoid contingencies, and have a flexible closing date. Below you will find a list of communities describing their recent history with above asking price sales as well as strategies to help you avoid situations where you may be in competition with other buyers.

Most people agree we are currently in a Seller’s market. Demand is high and in most areas inventory is low which has led to an increase in multiple offer situations (often referred to as bidding wars).  I took a look at sales data in 13 cities and towns in the Greater Lowell area to find out where was a buyer’s best chance to avoid a bidding war...

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