Pinnacle Group

License #: 422764

Phone:
781-237-5000
Contact Us

Pinnacle Group

License #: 422764

Phone:
781-237-5000
Contact Us

TYPICAL STEPS TO REAL ESTATE TRANSACTIONS IN MASSACHUSETTS

In Massachusetts, a real estate contract must be in writing in order to be valid. In many states, there is only one contract signed prior to closing. However, in Massachusetts, there are two: the Offer to Purchase followed by the Purchase and Sale Agreement.
 
The steps and typical timetable are as follows:

1. Submission of an Offer to Purchase, accompanied by a binder (usually $1000 or more).
2. Professional home inspections are arranged. These inspections are generally conducted within 5 working days from the date a seller has accepted your offer.
3. Real estate attorneys are engaged.
4. Application for a mortgage is submitted. 
5. Approximately 10 to 14 days after the initial agreement is signed, the Purchase and Sale Agreement that has been prepared by the attorneys is executed. It is usually accompanied by a deposit of 5% - 10% of the purchase price.
6. Mortgage commitment is received.
7. Closing

 

The above steps most often occur within a 60 day time period.

Have Questions?

781-237-5000

  

At Pinnacle Group we uphold an ongoing commitment to providing an elevated level of personal service. Our clients come first, and as a result, they are able to achieve more than they ever dreamed with their real estate investment.

Because we expect more from our associates, you can expect more from us when it comes to the important sale or purchase of your property. When it comes to your next move, we want you to experience the difference exceptional real estate service can make.

Contact us today, for free real estate advice, to find your nearest sales associate or to find your dream home!