4-Bedroom Cambridge Condo Just Listed
Groceries, restaurants, shops, theatre, and more to sustain the quality of life you crave only blocks from this charming townhouse on a bucolic street.
Second Time Homebuyers – Frequently Asked Questions
Are you a second time home buyer and looking to purchase your next dream home? Congratulations! You’ve already gone through the process of buying a home, so you’re familiar with the ins and outs of the real estate market.
However, there may still be questions and concerns that come up during the home buying process. We will address some common questions and provide valuable insights to help you navigate the process with confidence.
1. Can I buy a new home before selling my current one?
Yes, it is possible to buy a new home before selling your current one, but it can be risky. You may end up owning two homes at once and having to cover two mortgages until you sell your current home. Alternatively, you may have to sell your current home quickly to avoid financial strain, which could result in a lower sale price.
2. Can I negotiate the price of a home even if it's a seller's market?
You can still negotiate the price of a home even in a seller’s market. It’s important to do your research on comparable home prices in the area and work with your real estate agent to make a competitive offer. Other negotiation tactics may include asking the seller to cover closing costs or requesting repairs as part of the sale.
3. Should I use the same real estate agent for both buying and selling?
You may choose to use the same real estate agent for both buying and selling, but it’s not required. It’s important to choose a real estate agent who is experienced and knowledgeable in both buying and selling to help you navigate the process. If you feel comfortable with your current agent, they may be able to offer discounts or other incentives for using them for both transactions.
4. How much of a down payment should I put on a second home?
The down payment for a second home may vary depending on the lender and your financial situation. A typical down payment for a second home is 10-20% of the home’s value, but some lenders may require a higher percentage. It’s important to consider your overall financial goals and budget when deciding on a down payment amount.
5. What should I do if I encounter problems with my second home after the purchase?
If you encounter problems with your second home after the purchase, it’s important to address them as soon as possible. This may include reaching out to the seller or builder to discuss repairs or warranty options. You may also want to consider hiring a home inspector or contractor to assess any issues and provide an estimate for repairs. If the problems are significant, you may need to consult a real estate attorney for legal guidance.
Overall, buying a second home can be an exciting but challenging experience. It’s important to work with experienced professionals and do your research to make informed decisions and avoid potential pitfalls.
Real estate updates
Three Bedroom Home in Cambridge
Cambridge homes (and Somerville, and Arlington, and…) can be charming, and quirky.
Arlington 3-Bedroom 3D Tour
With plenty of space to grow into, this 3-bedroom home will give you plenty of opportunities.
Cambridge
4-Bedroom Cambridge Condo Just Listed
Groceries, restaurants, shops, theatre, and more to sustain the quality of life you crave only blocks from this charming townhouse on a bucolic street.
Three Bedroom Home in Cambridge
Cambridge homes (and Somerville, and Arlington, and…) can be charming, and quirky.
Arlington
Arlington 3-Bedroom 3D Tour
With plenty of space to grow into, this 3-bedroom home will give you plenty of opportunities.
4-Bedroom Cambridge Townhome – More Photos!
Do you want to live close to Davis Square? Or maybe Porter Square? Why not both?? Reach out today to see this one-of-a-kind opportunity!
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Book an appointment with us. Reach out now for more info! Call or text Elaine Goldman at 857-297-4830
The Beacon Group is a client-driven real estate team working in Greater Boston to help clients buy, sell, and invest in real estate. We provide straightforward, analytical advice, empowering clients to make successful and informed decisions. We provide our buying clients with constructive insights, allowing them to identify the right property and enabling them to make purchase decisions with confidence. Our recommendations to both buyers and sellers are specifically crafted to meet clients’ short and long-term housing and financial goals.
Book an appointment with us. Reach out now for more info! Call or text Elaine Goldman at 857-297-4830
The Beacon Group is a client-driven real estate team working in Greater Boston to help clients buy, sell, and invest in real estate. We provide straightforward, analytical advice, empowering clients to make successful and informed decisions. We provide our buying clients with constructive insights, allowing them to identify the right property and enabling them to make purchase decisions with confidence. Our recommendations to both buyers and sellers are specifically crafted to meet clients’ short and long-term housing and financial goals.
