Mike Hunter Sudbury

The real estate industry has its own unique language that can sometimes be confusing. One term that comes up a lot, especially in these times of bank-owned properties, short sales, and foreclosures, is “as is” and its variations “where is”, and “in its present condition”. There are some agents who feel that part of the reason we see "as is" cropping up more and more is because more buyers are being coached to use the home inspection as a reason to reopen negotiations (sometimes justified, sometimes not) and that sellers and their agents, who may have already lowered the price several times, are using it as a tactic to close the door on this practice. Sellers commonly mistake “As is” as a way to offset deferred repairs with a discounted asking price usually reflecting the condition. This is not a term to be used lightly, because there are costs as well as benefits, and if you don’t know what it really means, you shouldn’t use it. “ As is” is actually a leg

How do I know what price range I can afford in a house? There are many resources on the web which will calculate your mortgage payment on a house at different lending rates, or you can call a mortgage broker and they will help you find out what you can afford. Always remember to allow for property tax, insurance and maintenance costs in figuring out what you can spend on a monthly basis for your house. Once I start working with a real estate agent, they work for me, right? Technically, an agent works for the seller unless other arrangements are made. When you first meet with an agent, they should have you sign a disclosure form, which says that they have explained this to you. Although an agent is responsible to the seller of a house, this does not mean that they will not work hard to meet your needs and help you all they can in finding the right house at the right price. What is a Buyer’s Broker? A Buyer’s Broker represents you and your interests rather than the seller

Good to be a seller under $1m, above that not so much. Buyers can ease up on the trigger, unless a new listing is kissy perfect. Gangbuster Market?  Yep. So buying or selling now more than ever you need a real estate agent at the top of their game. Call me at  978-580-1069  to talk about your needs. Have a great experience