Buying a Home
Exceeding Expectations, One Client at a Time
Massachusetts is one of the most desirable and competitive real estate markets in the world, and we understand that making the decision to buy a home here can be a particularly challenging experience. From understanding the difference between condos, single and multi-family units, to planning for closing costs, there is a lot to learn. That is why we have created this Buyers Guide - to set you on the right course to owning your perfect home.
How to Buy a Home
Presented to you by TPG
Reach out to your TPG Agent, a licensed real-estate professional. They will work as your advocate and trusted advisor to help guide your search.
2. Get Pre-Approved
Before beginning your search, get pre-approved for a mortgage loan. Your TPG Agent can connect you to a proven mortgage broker. Based on your income and credit history, the mortgage broker will determine how much the bank will lend you to help set the price range for your search.
3. Visit Properties
Your TPG Agent will guide and instruct you during viewings and open houses spanning a range of areas and property types. Now is the time to consider your ideal home's accessibility and amenities.
4. Make an Offer
Once you have seen a home you like, you submit an offer, which outlines the price, terms and timing of the purchase. Your TPG Agent will provide advice on pricing, and will guide you through the competitive process typical in this market.
5. Schedule a Home Inspection
Your TPG Agent can refer you to a reliable network of Home Inspectors.
6. Review Building Financials and Regulations
Discuss the Purchase and Sales Agreement (P&S) with your attorney. Your attorney will protect your interests, answer questions and interpret many documents. You want to select an attorney who is familiar with local real estate transactions. Your TPG Agent has vetted a reliable network of professionals.
7. Sign Purchase & Sale and Pay Deposit
You're on your way to owning your new home!
8. Complete Loan Application
The bank with organize the appraisal, search the title and finalize the paperwork so your loan is "cleared to close".
9. Closing Scheduled by Attorneys
During the closing you will sign documents that will legally change ownership of the home.
10. Final Walk-Through With Your Agent
A review of the property to confirm that is in the same physical condition as when you signed the Purchase and Sale Agreement.
Congratulations, you are now a home owner!
Key Real Estate Terms
Assessment of the property's market value, typically done for the purpose of obtaining a mortgage.
A monthly maintenance fee paid by condo owners. Property taxes are not included in monthly condominium fees.
A percentage of the agreed upon purchase pprice paid by the buyer at the time of signing the purchase and sale agreement.
Debt to Income Ratio
The percentahge of an individual's monthly gross income relative to the amount of debt owed.
Deposit of funds into a federally insured account, to be transferred upon completion of the deal.
The point in time when a seller accepts all of the terms of a buyer's offer for a property.
Potential buyers provide a complete financial picture to mortgage brokers, who provide preliminary approval of the buyer's loan.
A background check on the property to ensure there are no outstnading debts or claims upon the property.
Under Agreement (In Contract)
Refers to the time between the signing of the purchase and sale agreement by the buyer and seller, and the closing.
What Our Buyers Say About Us
"Where to begin? I can't say enough wonderful things about our Realtor Susan Piracini. She is an outstanding professional and is truly passionate about what she does, she found Eric and I our dream home! To think that we found Susan, because we were looking for an agent, and I called her office after hours, and the voicemail was a was a dial by name directory, I typed in "SUS" thinking there must be a Susan that works there, well in fact there were three, and I picked Susan Piracini because I liked the sound of her voice. We had no idea we got such an incredible real estate agent, whenever I went on her website and saw her impressive credentials and background information, I was so happy and as I got to know Susan throughout our homebuying process her credentials did not surprise me. She is wonderful, I will recommend Susan to absolutely everyone I know. She kept us positive when we didn't think we would find what it was we were looking for. She always returned our phone calls, emails, and texts the same day, which in today's world speaks volumes. Susan had our best interest in mind since day one, she showed she really did care, and made us feel like we were her only clients. Susan was such a joy to work with and we are so thankful for her! Thanking Susan doesn't even seem to justify how grateful we are for everything she has done for us!"