MABA logo child
 
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

  • Closed Home Sales Down in April After Record Inventory Lows and Rising Prices

    Median Sales Prices Have Seen Year-Over-Year Increases for 19 Straight Months

    WALTHAM, Mass. – May 23, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that low inventory and rising prices caught up to the spring market, with single-family home sales decreasing over eight percent from this time last year. Both single-family and condominium prices saw a hike. Condominium sales decreased almost 10 percent from April 2016.

    April Closed Sales:

    Single-Family April 2017 April 2016 %Change
    Sales 3,735 4,082 -8.5%
    Median Price $362,500 $349,900 +3.6%
    • Closed sales have been down for four out of the last 12 months
    • Median prices have been up or flat for 16 out of the last 17 months
    Condominium April 2017 April 2016 %Change
    Sales 1,455 1,607 -9.5%
    Median Price $345,000 $329,950 +4.6%
    • Closed sales have been down for four out of the last 12 months
    • Median prices have been up or flat for 16 out of the last 17 months

    “With the current trend of plunging inventory and rising prices, the odds were strong that sales increases of the winter market would be unsustainable through the spring,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “The demand is there; we just need more homes on the market to satisfy that demand.”

    Inventory and Days on Market:

    Single-Family April 2017 April 2016 %Change
    Inventory 13,234 19,392 -31.8%
    Months of Supply 2.7 4.0 -32.5%
    Days on Market 81 107 -24.3%
    New Listings 7,706 8,513 -9.5%
    • 62nd time in the last 63 months of year-over-year inventory decreases
    Condominium April 2017 April 2016 %Change
    Inventory 1,455 1,607 -9.5%
    Months of Supply 2.0 2.8 -28.6%
    Days on Market 60 78 -23.1%
    New Listings 2,640 2,971 -11.1%
    • Inventory down for 16 out of the last 17 months

    “Unfortunately, our existing level of inventory makes it hard for us to meet our current and future housing needs,” said Yorkis. “If we don’t do anything soon, it will have a negative impact on the entire Massachusetts economy.”

    If you are thinking of buying a home anywhere in the state of Massachusetts, it is in your best interest to work with a member of the Massachusetts Association of Buyer Agents. These men and women are dedicated to working exclusively on your behalf to ensure that you have the best possible home-buying experience. Find a MABA agent here.