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Posted by John Boey on 4/30/2017

When you’re buying a home, there’s a lot to think about. Your finances probably have the biggest impact in the entire home search process. The amount of a down payment you have and the amount of loan you’re approved for help decide what you can buy. 


When you hear about closing costs, what do they entail? How much will you need to cover these costs? Many people get to the closing table for their home purchase and feel unprepared. You’ll need a certain amount of cash on hand when you finally close on a home. Learn more about closing costs, so that you understand everything that you need to know about your home purchase.    


Closing costs are spelled out pretty plainly in just about every kind of real estate contract. These costs are the fees associated with the title companies, attorney, banks, lenders and everyone else who is involved in the purchase of a home. The closing table is also the time when you provide your sizable down payment. The closing costs that are being referred to are considered a separate expense independent of the closing costs.


Closing Costs Vary


Closing costs can range from anywhere between 2 and 8 percent of the purchase price of the home. You can’t really “choose” what’s included in the closing, so you’ll need to have an idea of how much money you’ll need to write a check for. Lenders can give you an estimate of about how much closing costs will be. 


Negotiations 


Certain things like the realtor’s commission fees can be negotiated and can be paid for by the buyer or the seller. The good news is that you can roll your closing fees in with your mortgage in some cases. You may also be able to negotiate with your lender to pay the closing costs for you in exchange for a higher interest rate. 


What’s Included In Closing Costs?


Depending upon where and what type of home you’re buying, what the closing costs actually cover varies. Here’s just some of the things that closing costs cover:


  • Appraisal
  • Escrow fees
  • Credit reports
  • Title search
  • Title exam fee
  • Survey fee
  • Courier fee (Most transactions are done electronically, but in some cases this may be necessary)
  • Title insurance
  • Owner’s title insurance
  • Natural hazards disclosure
  • Homeowner’s insurance (Your first year of insurance is often paid at closing)
  • Buyer’s attorney fee
  • Lender’s attorney fee
  • Transfer taxes
  • Recording fees
  • Processing fees
  • Underwriting fee
  • Pre-paid interest
  • Pest inspections
  • Homeowner's association transfer fees
  • Special assessments


These fees vary widely by state and the type of property that you’re purchasing. Not every fee is required, but the above is just a list of many of the possible fees that could be included in on the closing of the home you choose.





Posted by John Boey on 4/28/2017


175 Quincy Shore Dr, Quincy, MA 02171

Rental

$1,600
Price

4
Rooms
1
Beds
1
Baths
Large 1 bedroom with 846 sq.ft. at Hamilton Bay. Totally renovated, features include updated kitchen, Stainless steel appliances, granite counter top, sliders to a oversize private balcony over looking pool and tennis courts from living room and bedroom. Rent includes heat, hot water, c/a, water and sewer, Very convenient location, Easy access to Southeast Expressway into Boston, Walking distance to Wollaston Beach, Marina Bay and N Quincy subway station, Easy to show. Proved of income, copy of photo ID, $15 credit check for each application. Must have good credit history and income.
Open House
No scheduled Open Houses

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Tags: Real estate   Rental   Quincy   02171  
Categories: New Homes  


Posted by John Boey on 4/28/2017

This Single-Family in Westwood, MA recently sold for $855,000. This Raised Ranch style home was sold by John Boey - Central Real Estate.


181 Weatherbee, Westwood, MA 02090

Single-Family

$849,999
Price
$855,000
Sale Price

12
Rooms
6
Beds
5/1
Full/Half Baths
p**One of a kind oversized raised ranch invites a comfortable one-level daily life.** Major addition in 1991. **The main floor offers welcoming high ceiling foyer, 4 bed rooms, 3.5 bath and a wonderful space for entertaining between the royal-like 10 ft ceiling high dining room and the double living room space.** Spacious master bedroom of 10 ft ceiling high has its own marble bath and a dressing area that enclosed in its own wing.**Full finished lower level that offers 2 separate entrance, 2 bed room, 2 full bath & a kitchenette that could be used as an in law suite or growing family and /or for extended family.**Lot of storage space.** New roof 2014,** fairly new paved driveway,** 3 car garage,** well water,**gas heat,**desirable neighbor hood close to University station and a commuter's dream to Boston makes this property a place to choose to live in. **Great Value.**Property is selling ASIS.**Showings by appointment only.**

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Categories: Sold Homes  


Posted by John Boey on 4/28/2017


26 Fifield St, Boston, MA 02122

Dorchester

Single-Family

$390,000
Price

7
Rooms
4
Beds
2/1
Full/Half Baths
This large Baltimore single-family featuring three level of living spaces with finished basement, 3-4 bedrooms and 2.5 baths, hardwood floorings throughout, newer windows, gas heat, slider out to private deck . Easy access to Boston, Savin Hill or Fields Corner train stations as well as many restaurants along Dorchester Avenue.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by John Boey on 4/26/2017

This Single-Family in Woburn, MA recently sold for $420,000. This Garrison style home was sold by John Boey - Central Real Estate.


12 Fisher Terrace, Woburn, MA 01801

Single-Family

$409,000
Price
$420,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
This warm and welcoming garrison colonial, rich in traditional charm and character, has been lovingly maintained through the years. Highlights include hardwood flooring throughout, fireplaced living room with built-ins, formal dining room, E/I kitchen, newer roof, windows and furnace. Adding to its appeal are 3 generous bedrooms, 1.5 baths, attached garage and a finished basement with walkout to private, wooded yard. While it's settled in a quiet dead end neighborhood, its convenient, central square locale makes it a commuter's dream. Showings begin at Open House Saturday 12 to 2 and Sunday 12 to 1:30.

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Categories: Sold Homes  




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