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Seaport Realty Group

611 East Broadway
South Boston, MA 02127

P. 617.464.7320
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Boston Real Estate

Finding the best properties in South Boston is a lot easier with the help of real estate agents with the experience and knowledge of homes in this community. Seaport Realty Group's real estate agents are able to help you find the best south boston real estate. When searching for a home in South Boston, there are plenty of difficulties that can lead to you having to pay too much for the home or perhaps resulting in the purchases of a home that really doesn't suit you.

South Boston is a quickly developing community. It is an exciting place to live and our agents have placed clients in south boston condos and south boston homes in wonderful communities such as Back Bay, Dedham, Hyde Park, Wellesley Jamaica Plain, Gloucester, Waltham, Weymouth, Newton, Needham, Brookline, Dorchester Heights, City Point, Dorchester, and to the south in Milton and Quincy and in exclusive homes in Roxbury and Seaport District.

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Real Estate Tips

Home > South Boston Community

South Boston Community

 

Real Estate Tips - Buying a Home

The newcomer to buying South Boston real estate is faced with an array of issues related to property selection, paperwork, and financing requirements. The questions you may have may be endless, but it is wise to begin your venture into real estate research and the real estate business by focusing on the basic issues all real estate agents confront.
 
These real estate tips will help you approach buying or selling a home in a way that involves less stress and free of the pitfalls that a novice might fall prey to. 

 

1. Hire a South Boston real estate agent.
   Although you’ll want to educate yourself about the buying and selling of homes or condos in South Boston yourself, it is wise to select an experienced real estate professional in the South Boston area to help you find and buy your South Boston dream home. If you’re looking for a great property and want to be first to check out new properties, hiring a buyer agent gets a professional real estate agent working for you.  They’ll have your interests in mind when finding a home and not be torn between loyalties to the seller. 
2. Research the general market for homes in South Boston and Eastern Massachusetts in general.
   Growth in South Boston for instance is expected to be strong as region is slated development by various government agencies and authorities. Boston Harbor and BiG Dig development authorities are transforming this area into a very attractive area for families and young professionals, but there will be growing pains and zoning bylaws may impact on what you can do with your property. Consider the costs of utilities and local taxes as these may be significant. Inquire about local building and zoning bylaws for the area you’re investigating.
3. Shop for The best mortgages and Interest rates
   Hundreds of mortgage companies are competing for your business so take your time to find mortgages with the right terms and rates for your particular situation. Many of these financial services companies are offering very flexible mortgages designed to serve you. Don’t just patronize your bank and accept what’s offered. Their mortgage or loan product may present financial problems resulting in emergencies and credit problems at some point.  A small saving in your mortgage rate will translate into thousands of dollars over the life of a home loan, especially in South Boston where home prices are high and rising fast.
4. Get Prequalified and Pre-Approved for your Home Loan.
   Getting pre-qualified for a home loan means determining how much of a loan you would be qualified to borrow.  And, by being pre-approved for your mortgage, you can move quickly when you find the right South Boston property and your offer might be accepted before other interested buyer are ready to forward their offer.  Both pre-approval and pre-qualified status will impress the seller that you’re ready to buy their home or condo.  
5. Decide whether it is a Real Estate Investment or Your New Home
   Legal and financial requirements will differ depending on whether you intend on living in the home or condo yourself. If it is an investment where you intend to lease out to a renter, you will have liabilities, contracts to create, and insurance issues to consider. If you’re flipping the home as an investment, there may be zoning issues that affect how you can improve and develop the property, and your improvements have consequences for the resale value of the home. Whether as a new home or a big investment, the quality of the building your condo is contained within is important as repair costs will inevitably be passed onto you.
6. Buy the Property that Fits your Needs, Preferences and Purpose
   Visualize the property and home features that are most important to you.  Create a list of the those features of the home itself that can’t live without. These are the functional and aesthetic elements that create a basic level of everyday happiness and functionality. Then make a list of nice to have features. These are features which may not be available with too many condos and homes. Search for South Boston Condos and South Boston Homes online to learn more about the properties and home features that are currently available. After weighing the pros and cons of each feature including cost and availability you’ll have a clearer picture of the home you want, or which will make a great real estate investment. Check out the South Boston region and understand what community services you need to be near such as schools, parks, retail stores, medical clinics, etc.
7. View some South Boston Condos and Homes
   After getting pre-qualified for a mortgage and creating a understanding of the home you’d like and the South Boston neighborhood you’d like to live in, you’re ready to contact a Southport Realty Group Agent who can help you find your new home. You may want to consider a buyers agent to do the actual search for the ideal home or condo for you.  Some properties may be part of the hidden market and your buyer agent can help find these great opportunities before anyone else is aware of them.
8. Understand the Property features can add value or make resale tough.
   Features that can affect the resale value of your home include a lack of parking behind or near your building, narrow stairs to upper level units, outdated electrical service, isolated street locations, energy efficiency of building walls, roofing, traffic congestion, or nearby noise levels from businesses or highways.
9. Rate the Homes and Condos you Find
   Write down the features you like about each home on paper. Prioritize each feature and rank each property. Learn a little about home inspection and what problems are common in the homes and condos your likely to see. This will offset the rose colored glasses effect many buyers have when they view a property.
10. Arrange for a home inspection.
    Before making an offer to buy the property you should have it inspected by a professional. They are familiar with issues such as electrical and plumbing problems, broken fixtures, squeaky sagging floors, bug infestations, leaky roofs, cracked walls, and foundation problems. When you do a walk through of the home with the owner, you can discuss each of the issues and ensure they are dealt with or reduce your bid to compensate for the work you will have to do on the property to make it livable. Some issues may be too severe for you to deal with and may make the property a bad investment for you.

By following this procedure to prepare for finding and selecting the right property, and making yourself ready to make an offer and close the deal, you can come out a winner in buying your new home or condo in South Boston.

 

South Boston's best Real Estate Agents are ready working to help you find the perfect South Boston homes and South Boston condos and assist you in making your home purchase a much easier and fulfilling process.

 

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