First Home Massachusetts
Buying a First Home in Massachusetts
Buying a first home requires a high level of preparation and organization. The more a first-time home buyer knows about the process itself, including the timing of the events, the documents involved and the financial obligations, the better prepared they are to make sound and confident decisions. The more prepared a buyer is before finding the house of their dreams, the more likely they are to succeed in owning it.
The first document involved in the process is the Offer to Purchase form. While the form is often pre-printed, it should not be treated as a boilerplate item that merely sets the price offered for the home. The Offer establishes many deadlines that can materially affect a buyer’s ability to learn what they are entitled to know about the condition of the property. Equally important, the Offer establishes critical details relating to the buyers mortgage loan and approval. Committing to an Offer before fully understanding its terms can be quite risky.
It is advantageous for buyers to understand the legal documents involved in dealing with lenders, realtors and sellers before signing anything. Parker|Scheer real estate lawyers have successfully represented hundreds of first-time homebuyers, and we have learned that buyers who engage our services early in the process encounter far fewer problems than those that chose to do it alone and then seek legal advice when something goes wrong.
Contact a Massachusetts Real Estate Lawyer
For more information on buying a first home in Massachusetts, or if you are looking for a real estate lawyer in Massachusetts, please contact Rob D. Stewart. If you prefer, you can also telephone our offices in Boston seven days a week at toll free 866-414-0400.
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Ryan P.B. Kelly is an associate and a member of Parker Scheer's Corporate and Real Estate Practice Groups. Mr. Kelly's corporate practice involves the formation and organization process, governance, business finance, strategic planning, the structure, terms and negotiation of various contracts, management and ownership succession, and a wide variety of other legal issues that arise in the course of conducting a business and planning for its future.