Metrowest Area Homes Team - RE/MAX Executive Realty | Hopkinton MA Real Estate


As a first time home buyer, you may feel like a fish out of water when it comes to the process of getting a home. If you’re ready to buy your first home, there’s some key mistakes that you should avoid. 


You Think That You Don’t Need Help From A Professional


So many homebuyers think that they can save themselves a few dollars by avoiding working with a realtor. This is a big mistake. Realtors are a valuable resource for buyers and will help you throughout the process of purchasing a home. Realtors can help guide buyers step-by-step while providing assistance with things like negotiations and making sure all of the paperwork gets from point A to point B. You’ll also need other professionals involved in this process of home buying including lawyers and loan officers. Having these people on your team protects you and gives you a backing of knowledge that you wouldn’t otherwise have. 


Don’t Skip Pre-Approval


Getting pre-approved for a mortgage is key before you even start to search for a house. The pre-approval letter is a great resource in helping you land the home of your dreams. If you’re going up against other bids on a home, your bid will be seen as more serious if you have been pre-approved. Getting a pre-approval lets sellers know that you’re serious about the whole process of buying a home and are ready to make the financial commitment. 


Know The Costs Associated With Buying A Home


Just because you have the monthly income to pay a mortgage doesn't mean you’re financially ready to buy a home. There’s a few things that need to be in place before you can even commit to buying a home. First, you’ll need to make sure your credit score is up to par. Next, you’ll need to have enough saved up for a down payment. Without a down payment of at east 20% of the purchase price of a home, you’ll need to pay for private mortgage insurance (PMI). There’s plenty of other costs that you’ll need cash on hand for when it comes to buying a home. This includes home insurance, home inspections, closing costs, property taxes, HOA fees, and maintenance. In other words, there needs to be some wiggle room in your budget for all of the extra costs that go into closing on a home and maintaining a home. 



Don’t Completely Deplete Your Savings


Just because you have been saving up for years to buy a home, doesn’t mean you need to completely deplete your savings in one pass. If you lack an emergency fund, you’re not buying a home with a responsible financial cushion. While you’ll probably take out a good chunk of savings in order to purchase the home, you need a bit more. Experts say that you need about 3-6 months of expenses saved up in case of the event of illness, job loss, or other emergency. Hence the name “emergency fund.”


This Condo in Hopkinton, MA recently sold for $245,000. This Townhouse style home was sold by Metrowest Area Homes Team - RE/MAX Executive Realty.


16 Apple Tree Hill Road, Hopkinton, MA 01748

Condo

$250,000
Price
$245,000
Sale Price

5
Rooms
2
Beds
1/1
Full/Half Baths
Excellent Townhome at The Popular Apple Tree Hill Complex! Fantastic Commuting Location Close to 495 & The Mass Pike. Terrific Condo With Lots of Great Features Including a Spacious Open Floor Plan - Beautiful Wood Burning Fireplace With Newer Custom Wood/Tile Mantel and Surround, Sliders to Deck/Patio Area That Offers Great Privacy With a Blend of Trees and Lawn, Additional Storage Shed , Bright Kitchen With Plenty Of Oak Cabinets Plus Pantry Closet Second Floor Was Gutted to The Studs Approx 4 Years Ago - New Wall, Ceilings, Floors, etc. Two Spacious Bedrooms - Great Master & Second Bedroom With Built-in Shelves Plus a NEWER Bath With GRANITE Counters and Tile Floors, Laundry Room, NEWER Heating System With Central Air, Newer Roof, Attic With Room For Storage - Close to Town Center, Shopping, Restaurants and Starbucks!

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If you intend to purchase a house, it may be beneficial to pursue residences before summer. In fact, some of the key reasons to enter the housing market prior to summer include:

1. Many high-quality houses likely will be available.

Winter often represents a slow period for home sellers. However, when spring arrives, many sellers usually are ready to list their properties. And as a result, you may be able to choose from dozens of top-notch residences if you conduct a home search prior to summer.

In addition, it may be a good idea to enter the housing market with homebuying criteria in hand. Because if you establish homebuying criteria, you can accelerate your home search and quickly discover a great house that matches or exceeds your expectations.

2. You can secure home financing in no time at all.

Many banks and credit unions are happy to help you secure a mortgage. If you decide to pursue a home before summer, you may be able to take advantage of favorable mortgage interest rates.

You should consult with a variety of banks and credit unions before you kick off a house search. This will enable you to learn about a wide range of mortgage options and receive comprehensive mortgage insights. Then, you can select a mortgage with a favorable interest rate that will ensure you can purchase a terrific residence without breaking your budget.

3. You can receive expert guidance throughout the homebuying journey.

If you conduct a pre-summer home search, you can hire a first-rate real estate agent to help you find and buy your ideal residence. This housing market professional will go above and beyond the call of duty to assist you and will make it simple for you to purchase a wonderful residence at a budget-friendly price.

Typically, a real estate agent will meet with you and learn about your homebuying goals. He or she next will craft a homebuying strategy to help you buy a house on your timeline.

For homebuyers who want to streamline the homebuying journey, hiring a real estate agent is crucial. This housing market professional can provide deep insights into the real estate sector that you might struggle to obtain elsewhere. By doing so, a real estate agent will teach you about the ins and outs of the real estate market and help you make an informed homebuying decision.

Let's not forget about the assistance that a real estate agent provides after you submit an offer to purchase a home, either. A real estate agent will help you finalize a home purchase before summer arrives and do everything possible to ensure you can seamlessly go from homebuyer to homeowner. Thus, if you need help setting up a home inspection or preparing for a house closing, a real estate agent is ready to assist you.

Want to acquire a home before summertime arrives? Collaborate with a real estate agent, and you can receive plenty of support as you navigate the homebuying journey.


This Single-Family in Milford, MA recently sold for $561,000. This Colonial style home was sold by Metrowest Area Homes Team - RE/MAX Executive Realty.


67 Camp St, Milford, MA 01757

Single-Family

$544,900
Price
$561,000
Sale Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Do not miss this Meticulously maintained farmers porch Colonial set back along a granite post lit drive in a cul de sac neighborhood of newer upscale homes. Enjoy summer afternoons when you step on to the 40 foot deck overlooking the private wooded yard and entertain by the Salt water pool and hot tub. professionally landscaped wooded lot with seasonal plantings and river rock beds. Maple Cabinet kitchen with Granite counters & Hi end SS appliances. Formal dining and living rooms with hardwood floors. 1st floor study / home office. 24x24 cathedral ceiling family room with custom brick fireplace. Second floor features 3 guest bedrooms and full bath with marble top vanity. Spacious Master bedroom, walk-in closet and master bath featuring Jacuzzi tub, separate shower & Marble top vanity. in winter you can enjoy the outdoors in the Hot Tub as you watch the stars at night. even a Heated garage. irrigation, landscape lighting, alarm. square feet is 2816 above grade & 780 in finished b.ment

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10 Champlain Dr, Hudson, MA 01749

Single-Family

$389,900
Price

9
Rooms
3
Beds
2
Baths
Open House Sunday 4/15, 12 - 2. Terrific sun-filled contemporary in Fort Meadow neighborhood. Do not miss this move-in ready home with many updates. Hardwoods and tile throughout main living levels and bedrooms. Vaulted ceilings in Kitchen, Dining room and living room. Nice private back yard. In the past six years owners have: Replaced all the windows. Replaced interior trim, interior doors and hardware, electrical outlets, and light fixtures. Fully renovated both bathrooms. Refinished existing wood floors and added new oak floors to the dining and living room. Added new ceramic tile floor, new stainless appliances, sink, faucet, and garbage disposal to the cathedral ceiling kitchen. Replaced carpet on the first floor. Renovated the lower level. Replaced furnace and added on-demand hot water. Newer washer/dryer included. Central air. Take a relaxing short walk to Fort Meadow Lake and beach.
Open House
Sunday
April 15 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 10 Champlain Dr, Hudson, MA 01749    Get Directions

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