We know buying and selling homes comes with heaps of seemingly endless paperwork. So let’s make it easier… what are the most important bits to focus on in that P&S?
It may seem obvious, but you’ll run into problems if your name or the addresses of the properties involved are incorrect on the P&S. Double check those as well as the agreed-upon purchase price. Building and structures provisions are important to consider as well as the bulletproof and unchangeable date of your closing.
Pay special attention to the Mortgage Contingency Clause too. If you are obtaining financing, this date is extremely crucial to keep in mind to get your mortgage commitment from your lender professional in order.
If you have any further questions about Purchase and Sale agreements, contact Stiles Law by calling (781) 319-1900.
Did you know it’s real estate tax abatement season in MA? You have until the end of January to challenge your town real estate taxes. If you feel the assessed value of your property (not to be confused with the appraised value) has gone up too significantly without valid reasoning within the last year, you can file an abatement to mitigate that cost.
But how do you do this? What do you need to know and research before deciding to go forward with this? What are the risks to consider?
What are your 2021 goals? How can we help you achieve them? Don’t be afraid to reach out for a quick consultation call at Calendly.com/mstiles if you’re interested in investing, mediation, estate planning, purchasing or selling. We look forward to providing you with even more exciting and valuable content in the upcoming year.
This week get all your future housing questions addressed from Mark’s crystal ball:
Will inventory expand or decrease? Will interest rates go up or down? How might the COVID vaccine effect people’s behavior? How might a new government change the housing market? How has 2020 changed us and our habits?
If you have more questions about how to approach the market in 2021, contact us by calling (781) 319-1900 or by visiting https://stiles-law.com. And subscribe!
Mark Stiles here reminding you to be vigilant when it comes to your real estate tax bill as we come upon the end of 2020. Changes in municipal taxes are typically seen in February or May. Make sure your tax bill matches the amount your mortgage company is paying.
Just refinanced or just purchased? Make sure you’re paying the full and proper amount and not the estimate. Subscribe for more!
Who’s going to manage your money after you’re gone? Usually this task falls to a trustee or fiduciary — often a spouse or child. However, choosing a third-party could save your trust significant money along the way and give you more stability. Visit Stiles-estates.com with your estate plan questions and concerns or call (781) 319-1900. And subscribe for more!