December 2014 Blogs

Everything you need to consider before purchasing that first home as a couple:

Buying your first home together can be an exciting opportunity to make your dreams come true — or a stress-filled journey into the unknown. Will you come out on the other side as happy homeowners, or will the search leave you miserable and alone?

Here are some tips to help keep your relationship on steady ground while avoiding costly mistakes.

1.  Make sure you’re on the same page

Chances are that you and your partner have different ideas about the home you should buy. One of you might want a home in the suburbs, while the other is picturing a swank urban retreat. (Trulia even created a quiz on the topic.)

You might be up for the challenge of a fixer-upper, but you’re wary of your partner’s DIY skills. You want a large yard for the dog, but he dreads the upkeep. The list of reasons that you can butt heads is seemingly endless.

There are many decisions to make regarding location, style, and condition, so before you begin your search, have a frank discussion about what each of you wants. Make a list of your “must haves” and “nice to haves” so that you can refer back to it when it’s time to evaluate homes during your search. It’s important to understand where you’ll both be willing to compromise.

2.  Get your credit ducks in a row

Start by purchasing both of your credit reports and checking for any inaccuracies or negative items.

However, before you start paying off that five-year-old collection account, check with a mortgage professional about what you should and should not pay off or challenge. Often, any activity on an account, even if you are paying off a debt, may have a negative impact on your credit score.

Sharing credit information is often a sensitive matter for couples. Lenders place more weight on the lower-scoring partner, so now is the time to work together to improve your joint credit profile.

3.  Take a hard look into your wallet

Prequalification for your mortgage is a must — if you can swing it, it’s worth doing so. Most professional agents won’t even show you a property unless they know exactly what you can afford and that you have a prequalification letter to submit with an offer.

Work with a mortgage professional and learn about the various types of loans available and exactly how much you can borrow. It’s also important to discuss with each other how much of your monthly income you’re comfortable allocating to housing costs. Take the time to calculate the “true” cost of your monthly housing payment so that you can be sure to look at homes you can afford.

Remember, there will be no landlord to call if the plumbing backs up or the refrigerator bites the dust. Things happen when you own a home — usually without warning — and you need to be prepared to pay for all items that are not covered by insurance or a home warranty.

4.  Find a local real estate agent to trust

Just because your cousin is a part-time real estate agent doesn’t mean he or she is the best choice to represent you as a buyer.

Instead, look for an experienced agent who knows the area you are targeting for your home search; someone with firsthand knowledge of the various neighborhoods, shopping, schools, and other amenities. Ask your friends for referrals and check online references. Don’t hesitate to interview several people to find the real estate professional you feel will be there to answer your questions and patiently guide you through the homebuying process.

Working with an agent whose advice you trust and respect will help keep the peace if negotiations get tough or you encounter unforeseen obstacles.

5.  Be prepared for a reality check

Many first-time buyers have an inflated view of what their money should buy. It is unlikely that you will find everything on your wish list. Market price is driven by comparative sales. While you may think a home is worth $300,000, that means nothing if a comparable property just sold for $400,000.

6.  Go big or you won’t be going home

Be ready to act. You have to get in the game. Sure, writing an offer is scary, and often first-time buyers want to “think on it” for a few days, or wait to bring their parents or friends to see the property and get a second opinion.

Unfortunately, depending on the competitiveness of the market, your dream home might be under contract by the time you decide to make an offer. One member of a couple frequently is reluctant to act.

Take a deep breath and trust your gut, your partner, and your agent. Under most real estate contracts, you also have a contingency period to investigate the property and pull out of the negotiations if you become dissatisfied or change your mind — without losing your deposit.

7.  Get ready for some tough talk from the inspector

Your offer has been accepted; you’ve mentally decorated every room and can’t wait to move in. And then the inspector arrives. You have hired this person to uncover any problems, but you dread the results.

Be reassured that every property has issues, even a newly built home. A thorough inspection is the best thing you can do for your long-term peace of mind.

Talk with your agent about the inspection results, and based on a nonemotional evaluation, you can a) cancel the contract; b) request the seller make certain reasonable repairs or credits based on the price you have offered; or c) have a good list of minor things that should probably be attended to in the next year or so.

Never assume that because everything was remodeled there are no problems. Always pay for a thorough inspection. It is worth every dollar you spend.

8.  Bring your best game

Once you are in escrow, there will be forms (so many forms!) and requests for information from title companies, lenders, and possibly attorneys, depending on where you live. Be timely in providing any requested information or documentation so as not to delay closing. If either of you is unclear about any step along the way, don’t hesitate to ask questions. This is likely the biggest purchase you will ever make, and you owe it to yourselves to make sure you completely understand the transaction.

Ultimately, first-time homebuying harmony is as simple as following these few tips, clearly communicating with each other, and keeping things in perspective.

Oh, and a sense of humor doesn’t hurt.




  • Approximately 45,000 Mass. Listings!
  • Prompt Online Showing Requests
  • Most Professional Buyer Representation
  • Top-Notch Agents to Serve You
  • Over 30 Years Experience
  • Easy Click for Showing
  • Virtual Drive Around the Neighborhood
  • Spectacular Map Search
  • View All Property Listing Specs!



  • Professional, Experienced Sales Force!
  • World-Wide, On-Line Exposure
  • Expert Real Estate Resources
  • Unmatched Property Valuation Methods
  • Specialized High-End Property Services
  • NO FEES unless we are successful
  • State-of-the-Art Marketing Strategies
  • We have the Most Important Selling Tips
  • We Respect your needs: Timing and Price


Take a Journey into the BEST BUYING or SELLING EXPERIENCE you will ever have! CALL US TODAY!
Tell us where you want be
and we will find you a home to
Tell us where you are
and we will
SELL your home for you!

Homes for Sale In Lincoln MA

With previous property ownership and devel- opment experience in Lincoln, Mass., MLSLincolnWestonRealty possesses the direct knowledge and skills to help you thoroughly understand the real estate climate in Lincoln, MA, make the right decisions, and buy or sell a home with confidence. Our buyer or seller representation is unsurpassed anywhere in the State. With a limited inven- tory of homes for sale in Lincoln, MA, you need the best advice possible. Please contact us during our extended hours of 8:00 a.m. to 8:00 p.m. seven days a week.

Boston and Vicinity

Whether it's homes for sale in Lincoln, Mass., homes for sale Weston, Mass. or anywhere else in the Boston, Massachusetts area, MLSLincolnWestonRealty is devoted to being the best real estate brokerage firm anywhere in Massachusetts. Our techno- logical sophistication and innovations, over thirty years experience in sales, property management, development, renting and leas- ing in both residential and commercial/ industrial real estate are just some of the reasons you simply must give us a try. You'll be very glad you did!  CALL US TODAY!

Homes for Sale In Weston MA

In this dynamic and exclusive market MLSLincolnWestonRealty offers the most powerful tools, professional service and invaluable expertise to find the right home for you if you are shopping for houses for sale in Weston, MA. Our extensive experience within the Weston, Mass. real estate market makes us the best choice for marketing your house for sale in Weston, Massachusetts Our extended hours and passion for our work are only some of the reasons we will do a better job for you than any other real estate broker out there.

Scope of Services

MLSLincolnWestonRealty provides expert real estate and relocation services for residential real estate, single-family homes, high-end luxury homes, condominiums, multi-family homes, rental properties, mobile homes, commercial/industrial real estate, land, business opportunities, and much more with special emphasis in Weston, Lincoln, Brookline, Newton, Wellesley, Lexington, Wayland, Sudbury, Concord, Cambridge, Boston, Belmont, Sherborn, Dover, Needham, Lynnfield, Marblehead, Hopkinton, Holliston, Hyannis, Falmouth, Cape Cod, Cape Ann, Metro West, North Shore, South Shore and all other surrounding greater Boston and Massachusetts communities. MLSLincolnWestonRealty can also assist buyers and sellers with their specific real estate needs throughout the entire State of Massachusetts. We are the premier luxury residential real estate brokerage firm.

With an Exclusive Buyer Agency relationship, MLSLincolnWestonRealty provides our loyal and dedicated home buyers with the absolute best tools, resources, services, skills and expertise to provide them with tremendous savings and great satisfaction with their real estate purchases. Finding the right home and making the right home purchase are not always easy, but with MLSLincolnWestonRealty at your side every step of the way your chances of success with buying the right home in Massachusetts will increase exponentially.

As a highly skilled listing real estate agency, MLSLincolnWestonRealty provides our home sellers and other clientele with unparalleled knowledge, marketing programs and hard work to succeed with the sale of real estate in Massachusetts. This turn-key real estate power-house will enable you, the seller, to obtain a premium market price for the sale of your real property in the least time possible.
OUR SERVICES INCLUDE THE FOLLOWING TOPICS and AREAS: Homes for sale in Lincoln MASS., Homes for sale in Weston MASS., Weston MASS. Homes for Sale, Lincoln MASS. Homes for Sale, Boston Mass. Homes for Sale, Weston MASS. Real Estate, Lincoln MASS. real estate, Boston Mass. Real Estate, Massachusetts real estate listings, Massachusetts Real Estate Agent, Boston, Mass. Real Estate, MLSLincolnWestonRealty, MLS, Lincoln MASS., Concord MASS., open houses, school and community info, agents, offices, realtors, MLS listings, properties, home search, residential, land, adult community, mortgage, pre-approval, interest rates, relocation, moving, MA, Online Home Search, Find Homes Online, Mass Real Estate, Boston Homes, Cambridge, Mass. Real Estate, Massachusetts Real Estate, Massachusetts Homes PETER GOTTLIEB, BROKER/AGENT
(781) 235-7727