Great article by Nena Groskind in the Herald today.

If you’re going to be buying your first home, keep these things in mind:

(H)ere are my top 10 suggestions for first-time purchasers:

– Credit reports. Don’t even start looking at homes until you’re sure bad credit or errors in your credit history won’t block you from getting a mortgage.

Before house hunting, get a copy of your credit report from one or more of the three major credit bureaus: Experian, Equifax and TransUnion.

You’re entitled to a free report from each company once per year. (See for details.)

– Loan pre-approval. Have a bank review your financial information and “pre-approveâ€? you for a mortgage.

Once you’re pre-approved, actually getting a loan is usually only contingent on how much the home you want to buy appraises for.

Mortgage pre-approval is better than “pre-qualification,� which just tells you how big a loan you’ll qualify for if your application passes the lender’s review.

– Be realistic. Carefully consider how much home you can really afford. Just because the bank says you qualify for a $300,000 mortgage doesn’t mean you can comfortably make the monthly payments.

Leave yourself some wiggle room by buying a home somewhat cheaper than the most expensive one you can get approved for.

All ten tips: Advice for new house hunters – by Nena Groskind, The Boston Herald

Ford Realty – Boston Luxury Real Estate Professional – Call Today! (617) 720-5454 

We go beyond the fundamentals of effective pricing and marketing and help you make decisions to get top dollar for the sale of your home or top value for your purchase. We focus on Boston luxury condos for sale and offer a variety of comprehensive luxury real estate services in the following Boston neighborhoods, but not limited to:

Back Bay condos for sale

Beacon Hill condos for sale

Charlestown condos for sale

Fenway condos for sale

Financial District condos for sale

Midtown-Downtown condos for sale

Seaport District condos for sale

South Boston condos for sale

South End condos for sale

West End condos for sale

Waterfront condos for sale

We provide our clients with exceptional customer service and are there to assist you throughout the transaction. Please call, send us an email or fill out the online contact form, and let us know how we can serve your Boston Luxury real estate needs!

Updated 1st Quarter 2018

Call Now