Trusted Realtors in Chicopee, MA

It is good practice to meet with a bank or lender beforehand to understand how much home you can afford. You can also use many of the mortgage calculators available online to get an estimate of what you can reasonably afford based on your income and other financial obligations. In the end, having a pre-approval from a bank or lender lets buyers know you are serious about the home buying process.

While the seller typically pays the fees out of the proceeds from the sale of their property there are many other fees that as a buyer you will be responsible for such as a down payment, inspections, appraisals and closing costs. We suggest your talk with your realtor to get an understanding of the various types of fees that are involved in a home buying transaction.

This is really up to you! When beginning your home buying journey be sure to think about the types of characteristics that you want in a home to be sure you are looking at properties that meet those requirements. Your realtor will help you to understand the competitiveness of the market and things to consider as you decide whether to place an offer on a home.

Typically a seller will have 24 hours to review an offer that a buyer has submitted. In some instances, if there are multiple offers on a property, the seller may come back and ask the potential buyers to submit a best and final offer by a certain time period and that may extend the time the seller has to review all of the offers. When in doubt if you ever have questions, talk with your realtor.

A contingency is a clause that is included in a purchase and sale contract and it would need to be agreed to by both the buyer and seller. The contingency is typically a certain criteria or set of criteria that needs to be met in order for the contract to move forward.