30 Ways to Buy Real Estate Boston MA

This article provides you with a list of 30 ways to close a deal on a home in Boston. Find out what you need to know about purchasing real estate right here. These tips will help you get a good deal and get the property you want.

The Barry Group
(617) 227-2110
98 West Cedar Street
Boston , AK
Beacon Communities LLC
(617) 574-1100
150 Federal Street, 5th Floor
Boston, MA
Davis Marcus Partners
(617) 451-1300
One Appleton Street
Boston, MA
Boston Properties
(617) 247-1933
581 Boylston St # 803e
Boston, MA

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Capital Realty
(617) 427-1022
801 Tremont St
Boston, MA

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South End Assoc
(617) 536-3741
118 W Concord St
Boston, MA

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Century 21
(617) 482-8493
1 Bromfield St
Boston, MA

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Saint James Real Estate Advisors
(617) 426-6666
10 High Street, Suite 701
Boston, MA
Furnished Quarters - Massachusetts
(617) 236-4908
221 Massachusetts Avenue, #202
Boston, MA
Boston Luxury Real Estate l Marsh Properties
(617) 716-0242
306 Dartmouth Street
Boston, MA
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30 Ways to Buy Real Estate

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Here are 30 ways to take down your next deal.

All Cash
1.Buyer pays all-cash for property with no financing involved.

2. Twenty percent (20%) or more down with new conventional first loan.*
3. Five percent (5%) or ten percent (10%) down payment with new conventional first loan (will need PMI, Private Mortgage Insurance).*
4. ARM, Adjustable Rate Mortgage. The rate on the loan changes (either up or down) on an annual or other term basis, depending on future market conditions.*
5. GPM, Graduated Payment. Plans which lower payments during the early years on a loan.
6. Buy-down plans which lower effective interest rate during early years.
7. Lender’s “Wrap” loans for lower-than-current market rate.
8. Equity Build-up Plans which increase payments annually for faster pay off.
9. Bond Issue mortgage loan plans by State, City or County at lower rates (may be limited to first-time home buyers, low-income buyers, etc.)*

VA and FHA Loans
10. VA (“GI”) loan for military and ex-military personnel, fixed payment, no down payment necessary.”
11. VA-GPM: VA’s Graduated Payment loan for eligible veterans.
12. FHA-203b: FHA’s fixed payment, low down payment.*
13. FHA-ARM: One (1) year adjustable mortgage, generally better terms then conventional.*

Loan Assumptions
14. Conventional loan assumptions (rates, terms, conditions may change).*
15. FHA loan assumption (Lender cannot change existing rate or terms).*
16. VA loan assumption (even non-vet may assume VA loan) no rate change.*

Seller Financing and/or Assistance
17. Seller can carry back new first trust deed (if property is free and clear).
18. Seller carry back of new second or third deed of trust (many variations).*
19. Wrap-around Mortgage with new AIDT (All Inclusive Deed of Trust).
20. Installment Land Contract/Contract for Deed. Title does not pass to Buyer.

Note: In any of the above “Seller Financing” situations, it is particularly important that both Buyer and Seller seek legal tax counseling.

Additional Sources of Money and Financing Assistance
21. Gift from parents or other relatives.
22. Private loan from relative or friend.
23. Co-signer on loan papers (incurs liability with Buyer).
24. Life Insurance loan.
25. Credit Union Loan.
26. Personal “signature” loan from bank or other Lender.
27. Collateral loan (on car, boat, RV, etc.)
28. Collateral loan (on stocks, bonds, etc.)
29. Savings account collateral loan (“passbook” loan).
30. 1-2-3 Plan: Assume first, commercial second up 80% seller carry third.

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