1. What Sellers do when listing their condo

• Listing Broker/Agent responsibilities

• Pricing Strategies

• LINK, MLS

• Exclusive Listings

2. Buyer Condo Search

• Globe, Boston Homes, FSBO

• Seller Sub-Agent, Buyer Representative

• What Exactly Do You Want?

• Reading LINK listings

• Open Houses

• Showings

3. Mortgage Pre-Approval

• Credit Scores

• Basic Documents

• Pre-approval

4. Condo 101

• Ownership—Master Deed, Condo Docs, Rules/Regulations

• Association

• Budget

• Monthly fee

• Special Assessment

• Real Estate Tax & Owner Exemption

5. The Offer and Acceptance to P&S

• Offer Paperwork

• Negotiation & Acceptance

• Contingencies: Home Inspection, Review Condo Docs, Mortgage

• Attorney role preparing P&S and Condo Docs review

• P&S Execution

6. Mortgage Processing

• Mortgage Choices (Adjustable Rate, Fixed, Origination Points and Fees) Paperwork

• Appraisal

• Condo Association Questionnaire

• Approval

• Building Insurance

7. The Closing

• Location

• Costs

• Mortgage & Note

• Deed and Registration

• Keys

 

 

Mortgage Lender/Broker #MC 2252 399 Boylston Street Boston, MA 02116 JHanifin@summitmortgage.com 617 859-0900

125 Newbury Street Boston, MA 02116 AFriedland@remax.net 617 267-0003