Massachusetts state law requires real estate agents to work as either a designated buyer representative or a facilitator. As a buyer, you have the choice to work with either one. It is the buyer agent responsibility to work on your behalf and fulfill fiduciary obligations. The facilitator represents no one, and thus cannot advise you or negotiate on your behalf.
Hiring a buyer's agent has several benefits including having one person to coordinate the transaction, help you choose a home and represent your interests at all times. Without one, you will forgo the advice, expertise, and efficiency a buyer agent will bring to your home buying experience. Inspections, mortgage commitments, and closings can be quite difficult to manage alone.
It is a common mistake to believe working with several brokers will be more effective. No one will have your best interests at heart, or be highly motivated to ensure you find the right home. After all, buyer agency was developed with you, the homebuyer, in mind.
LEARN ABOUT OUR EXLUSIVE SMART BOSTON BUYER PROGRAM!
 |
About Appraisals >Refinancing Your Home
Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.
You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.
|
| Q |
What are the financial benefits of having a home near a body of water?
|
| A |
The mere presence of water within 300 feet increases a home's value by 22 percent. |
 See More Real Estate Trivia > |
|
|
Paint The Walls? Fix the Bathroom?
Before taking on a home-improvement project, wouldn't you like to know if you will make your money back?
Find Out More >
View All Offers >
|
 Compare three mortgages at one
time. Download TripleCalc now. It's free. |
|
|
- NUMBER1EXPERTS™ 
