MABA logo child
 
Smart Homebuying

Smart Home Buying Tips

As a nonprofit member organization, MABA is committed to advocating for the home buyer in the state of Massachusetts. Whether you are buying your first home or looking to improve from a past home buying experience, this section of the website is dedicated to helping you be a wise and informed home buyer.

Buying a home is not commonly an impulse purchase. It is a significant financial transaction that warrants doing research, staying current and evaluating alternatives.

There has been too much written recently about foreclosures and short sales and being 'underwater' in one's home. MABA buyer agents are ready when you are to discuss in person your particular situation, timeframe, and location. In the meantime, review the various tips to help you make a home buying decision that you will be thrilled with for many years.

Where do you start in the home buying process?

Smart Home Buying TipsYou are starting in the right place! Do your research online and make your list of questions and information to gather to help you prepare for the home buying process. Be a wise and informed consumer, and start by interviewing buyer advocates to then select the best one for you.

Stay informed on MA real estate trends and home buying tips.

 
 
 

Latest from the Blog

  • Pending Sales for Massachusetts Homebuyers Maintain Steady Year-Over-Year Increases for Almost Four Years This February

    WALTHAM, Mass. – March 14, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that ongoing buyer demand pushed pending sales up three percent over last year. Pending sales have been up 47 of the last 48 months, marking almost four years of positive gains in single family homes put under agreement. Realtors® confidence both in the market and in home prices was positive in February. 

     February Pending Sales:  

    Single Family February 2017 February 2016 % Change
    Sales 3,967 3,852 3.0%
    Median Price $330,000 $309,000 6.8%
    • Pending sales have been up 47 of the last 48 months  
    Condominium February 2017 February 2016 % Change
    Sales 1,558 1,566 -0.5%
    Median Price $313,000 $290,000 7.9%
    • Pending sales have been up or flat 17 of the last 18 months  

    “Buyers have been tireless these past four years, showing that the desire to live and work in Massachusetts is strong despite dwindling inventory and rising prices,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway.  

     Realtor® Market and Price Confidence Indexes:  

    Confidence Index February 2017 February 2016 %Change
    Market 75.20 68.66 10%
    Price 77.00 75.70 2%
    • The Realtor® Market Confidence Index was up for the 11th straight month
    • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition  

    “This is the highest recording Market Confidence Index for the month of February since we began recording the data in 2008,” said Yorkis. “This speaks to the strength of the market this past year, as well as looking ahead to the spring market of 2017."