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Why Working With First-Time Home Buyers In Boston Is Exciting

Why Working With First-Time Home Buyers In Boston Is Exciting

If you’re a first-time home buyer in the Boston area, there’s no doubt that you probably have some challenges ahead of you. As we mentioned in this blog, Boston is a very popular place to live, and we don’t see that changing anytime soon. So finding a single family home for sale might be an expensive option, but once you get that first home purchased then it’s very likely that you will see a good return on it when you decide to sell.

The fact is, it’s a lot of fun working with first-time home buyers, and it’s quite a different experience from working with an individual or family who is upgrading or looking for investment property in Boston. While we’re happy to work with anyone, there’s no doubt how fun it can be dealing with someone buying their first home. Here are a few ways in which working for someone looking for their first house for sale in Boston differs from someone who’s done it before.

The Enthusiasm

First-time Home Buyers

There’s nothing quite like the enthusiasm of first-time home buyers. So many of them are coming from apartments, and they’re tired of sharing washers and dryers with other people. Some are sick of having to be so quiet in their own space as not to disturb anyone else, and others want a proper garden instead of having to grow tomatoes in patio pots. In short, moving into a house in the Boston area means that they’ll be getting many upgrades, and the excitement about what they can do in their own space is obvious on their faces when they walk into a house for sale.

Of course, it’s also exciting because it’s part of the American dream to own a house…and Boston knows more than a little bit about the American dream!

How It’s Different For People Who Have Purchased a Home Before

People who have purchased a home before are still excited by all of the upgrades they can get, especially if they have a growing family and will have more space with their next home. But in general, a first-time home purchaser will see a much bigger jump in amenities when they move from an apartment to a home.

The Timeline

First-time Home Buyers

In many cases, a first-time home buyer in Boston has a timeline that they’re working with, often dictated by the terms of their apartment rental. Some only have a month before they’ll be forced to go month-to-month or sign a yearly contract, while others are planning farther ahead and will look for months before making a decision on which house for sale in Boston, Worcester, or the surrounding area is right for them.

Interestingly, sometimes it’s those who are on a tighter schedule who end up having more luck, because they grab the right house sooner. Someone who spends too much time trying to decide will often let many excellent houses pass them by.  

How It’s Different For People Who Have Purchased a Home Before

People who currently own a home and are looking to upgrade can have timelines that are all over the place. They might be desperately looking, like if an undesirable business is being built behind their house. They might be casually looking, ready to take that perfect home if it comes along. Or they might have a very specific plan, to buy a house in the near future that’s closer to their new work.

The Finances

First-time Home Buyers

While first-time home buyers don’t have a previous home to sell and realize a profit on, they will often save up for the down payment on a home. This can actually be an advantage when it comes to purchasing a home, because they don’t have to wait to sell their old home before they can afford the new one. If the person selling the home gets multiple offers, it’s easier for them to take a cash offer (a cash offer being down payment + bank money) rather than waiting around for someone’s house to sell before they have the money on hand. In short, dealing with a first-time buyer can be easier for a seller because there are fewer “moving parts.”

How It’s Different For People Who Have Purchased a Home Before

As we just mentioned, sometimes owning a home can be a disadvantage when there are multiple offers on a house. But the advantage is that people who currently own a house are often able to cover the down payment on the new house without having to save up first.

The Teaching

First-time Home Buyers

As a realtor serving Worchester, Boston, and surrounding area, I have quite a lot of experience working with home buyers, whether they’re purchasing their first house for sale in Sommerville or are investing in Boston real estate. I can also draw on my own experiences purchasing my own real estate.

Because of this experience, it’s exciting to work with first-time home buyers and be a teacher, guiding them around the pitfalls that plague so many first-time buyers. There’s a lot to learn about getting a loan and searching for a home, and that’s why it’s so important to find a Realtor who you’re comfortable with. The same goes for someone who purchased a home 30 years ago; a lot has changed in Boston during that time!

How It’s Different For People Who Have Purchased a Home Before

Sometimes I work with people who purchased a home just last year, and they don’t need nearly the guidance of a first-timer. Still, it’s important to find a real estate agent in the Boston area who knows what they’re doing and can help them find exactly what they need.

Let’s Work Together!

It doesn’t matter whether you’re a first-time home buyer or you’ve bought homes many times in the past, because I’m here to help you with your Boston-area real estate needs. Contact me today to get the process started!

 

 

 

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