Buying a House in the Boston Area

  View our Boston area and Winchester Property Search Checklist

You’ve driven through some attractive neighborhoods. You’ve gone into a couple of interesting open houses. You think you’re ready to buy a home and are anxious to start looking seriously; it's time to call a real estate agent at Waterfield Sotheby's International Realty.

Before you proceed, be sure that you’ve asked yourself the key questions below and do some homework so that you can truly be considered a “ready, willing and able” buyer.


  • Have you reviewed your current housing budget and determined a comfortable price range in which to look?
  • Will you need to sell your current residence before you buy another one?
  • Have you spoken with several lenders to learn about financing options, rates and requirements? Lenders can also help you set a price range based on your financial qualifications.
  • Have you been pre-approved by a preferred lender? A pre-approval letter shows that you’ve shared important financial data and that the lender has favorably accepted your credit history. Sellers and their agents will want to see evidence of this level of lender commitment with your offer, if you are financing your purchase.
  • Are you aware of the costs involved with buying a home, such as, but not limited to:

    1. Property Inspection Fee: $350+ (depends on size of home)

    2. Lender Application/Appraisal Fee: $300+

    3. Lender Processing and Underwriting Fees: $500+

    4. Document Preparation and Recording Fees: $200-$300

    5. Lender Title Insurance Fees: Depends on sales price of home – average .003 x price

    6. Attorney’s Fee: $450+

    7. Homeowner’s Insurance: Depends on property and your coverage needs – full year usually required

Your lender and Waterfield Sotheby’s International Realty associate can provide a clear picture of these costs for you.

Needs and Wants

  • Do you have a group of communities that you are considering moving to or a specific community in mind?
  • Are commuting options a consideration?
  • Are you looking for convenient public transportation and/or easy highway access?
  • What type of property would best suit your lifestyle and budget?

    1. Single family home or condo?

    2. Vintage or new construction?

    3. Traditional or contemporary style and layout?

  • What are you missing now that you would like to have in your new home?

    1. More bedrooms or bathrooms?

    2. Space to entertain?

    3. Room to grow?

    4. More privacy?

  • Are you willing to do some renovation work yourself or to hire professionals to renovate for you?
  • Do you prefer a “turn key” property?
  • Will proximity to certain schools, recreational facilities, and professional services influence where you choose to live?

Other Considerations

  • What is your time frame?
  • Are you relocating for business or personal reasons? How available are you to look at property?

Your Waterfield Sotheby’s International Realty associate will take time to help you to assess your needs and wants and to prioritize them.