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First Time Home Buyers MA

First Time Home Buyers in Massachusetts

If you are considering buying a home for the first time, congratulations! This exciting time in your life will be a memorable event.

While it's exciting, the reality is that purchasing a home can be stressful, time-consuming and frustrating. While the real estate trends in Massachusetts fluctuate, the constant is that buying a home is one of life's biggest stressors.

Listen to "Risks to Avoid"

MABA Buyer Agents help first time home buyers alleviate the stress and frustration often associated with buying a home – especially for first time home buyers. As a non-profit member organization, we focus on helping you navigate the complexities of a real estate transaction, including financing options, understanding first time home buyer programs such as grants, evaluating properties, and negotiating. As MABA buyer agents, we are committed to saving you time and money.

We have seen an increase in the risks that first time home buyers are taking on - unnecessarily. Listen to the MABA audio, "Risks to Avoid."

Benefits to a 1st Time Home Buyer in MA of a MABA Buyer Agent

  • Commitment - MABA buyer agents are committed to getting you the best value for your investment and identifying the home that you will be happy with for many years to come.
  • Loyalty - We are 100% dedicated to you, the first time home buyer in Massachusetts.
  • Peace of mind - We will help you navigate the market, identify the inventory of homes for sale, and - more importantly - research and point out the pros and cons of properties so you can make an informed decision.
  • 100% Conflict Free - The market definition of a buyer’s agent has become blurred. It is especially confusing to a first time home buyer. With a MABA agent, there is NO potential conflict of interest. Guaranteed. Less than 1% of all buyers’ agents in MA can make this statement, however, MABA buyer agents can. Learn more.
  • Access and information - You deserve all the available information about properties (including public records) that exists to help you in your decision making. Other Realtors are not always obligated to disclose all of the information all of the time. MABA buyer agents take an oath to always be on their buyer’s side. We take that oath very seriously.
  • A professional guide - We work with you every step of the way. From financing, appraisals, property rights, presenting compelling offers, negotiation, scheduling, monitoring closing details, to moving, we will be on your side and by your side as you buy your first home!
  • Education - We are professionals and we only select brokers who meet the high standards of being a MABA buyer agent. Fewer than 1% of all agents in Massachusetts meet MABA’s high standards for buyer agency. You deserve to work with the best buyer’s agents. With that expertise, we develop and deliver educational programs to guide you throughout the buying process and will introduce you to experts we work with regularly, including architects, engineers, builders, mortgage professionals.
 
 
 

Latest from the Blog

  • Massachusetts Pending Home Sales and Median Price Up Again in June

    The Massachusetts Association of Realtors® (MAR) reported today that single-family pending home sales were up over nine percent in June from last year. Pending condominium sales were also up more than 12 percent. The median price for both single-family homes and condos saw a hike, with the single-family median price rising over the $400,000 mark. Realtors® confidence both in the market and in home prices dipped slightly in June. This month’s “Hot Topic” question finds that the majority of Realtors® surveyed have had at least one transaction that was an all-cash deal (i.e. no mortgage involved) since the beginning of the year.

    June Pending Sales: 

    Single Family June 2017 June2016 % Change
    Sales 6,723 6,128 9.7%
    Median Price $410,000 $380,000 7.9%
    • Pending sales have been up 51 of the last 52 months 
    Condominium June2017 June2016 % Change
    Sales 2,596 2,307 12.5%
    Median Price $370,000 $349,900 2.9%
    • Pending sales have been up or flat 20 of the last 22 months 

    “The increase in homes put under agreement this month may be a positive sign for a spring market that has suffered plummeting inventory,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “However, median prices have continued to rise, which can push some buyers out of the market.”

     
    Realtor® Market and Price Confidence Indexes: 

    Confidence Index June2017 June2016 %Change
    Market 80.73 80.97 -0.29%
    Price 71.79 73.87 -2.82%
    • The Realtor® Market Confidence Index went down for the first time in 27 months
    • The Realtor® Price Confidence Index went down for the first time in six months
    • 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  

    “The Realtor® Market Confidence Index has dipped year-over-year for the first time in over two years, indicating that Realtors® are growing concerned about some of their buyers being able to succeed in this market,” said Yorkis. “However, both indexes reveal that ultimately Realtors® remain positive. We just need to see more inventory to keep up with the demand.”

    With home inventory being as tight as it is, you want to give yourself every advantage if you are thinking of buying a home in Massachusetts. For the best possible experience, be sure to work with an agent who is a member of the Massachusetts Association of Buyer Agents.