What Happens If the Appraisal Comes In Low in Massachusetts? Your Options When the Numbers Don't Add Up

If a home appraises below the agreed purchase price in Massachusetts, your lender will only finance up to the appraised value, not what you offered to pay.  That leaves you with four options: cover the gap out of pocket, ask the seller to reduce the price, negotiate a compromise, or walk away if you

MORE

How Much Cash Do You Need to Buy a Home in Boston?

How much cash do you need to buy a home in Boston? Most Greater Boston buyers need between 7% and 12% of the purchase price in liquid cash to close — covering the down payment, buyer closing costs, and earnest money deposits. On a $1,000,000 purchase, that's $70,000–$120,000. Massachusetts adds a fe

MORE