Massachusetts Real Estate FAQs

• Q: Does The Sale/Purchase Become Final When We Signed The Purchase And Sale Agreement?
  A: Not yet. First, the terms of the purchase and sale agreement have to be performed by each of the seller and the buyer. The offer to purchase and/or the purchase and … More
• Q: Why Should I Spend The Money For A Home Inspection When My Mortgage Company Is Going To Inspect The Property?
  A: According to one area broker/owner of a realty office, the chief confusion for consumers these days is that many believe an appraisal and a home inspection are the … More
• Q: What Happens If We Can't Get A Mortgage After We've Signed The Agreement Of Sale And The Inspections Are Completed?
  A: The first step to homeownership should be to get pre­approved (not just pre­qualified) in writing for a mortgage. As a buyer, it defines your price range and … More
• Q: We're Buying A
  A: Massachusetts has very little in the way of protections against parties who buy "fixer­uppers". We have a law that requires that there be smoke detectors … More
• Q: What Happens At The Closing?
  A: Massachusetts recognizes that lawyers and not closing companies or title companies are qualified to do real estate closings. Thus, in the vast majority of cases a … More
• Q: What Are Comprehensive Permits, And How Are They Used To Create Affordable Housing?
  A: A comprehensive permit is issued by a municipality to a developer who proposes to build housing in which at least 25% of the units are affordable to low­income … More
• Q: How Does Dhcd Differ From The U.S. Department Of Housing And Urban Development?
  A: DHCD is a state agency, and HUD is a federal agency. Both agencies are concerned with public and assisted housing as well as community development. In many instances, … More
• Q: What Resources Are Available To Developers Of Affordable Housing?
  A: A variety of resources are available to stimulate the private production of affordable housing. These include the Low Income Housing Tax Credit Program, the HOME … More