Whether its your first home or you have gone down this road before, buying a home is a multi-faceted process. Even before the decision was made to purchase a home, you would have weighed the pros and cons of being a homeowner. You took the time to analyze your finances and determined how much you are able to afford while still maintain your other obligations.
The Massachusetts Homestead Protection Act is a law put in place to shield Massachusetts homeowners from having creditors auction off your home to pay off unsecured debt. The purchase of a home is likely the single biggest investment most of us will ever make. This protection will prevent creditors from putting a lien on your home should you find yourself in financial trouble. Should you have an accident or incur unexpected medical costs, the homestead protection will allow you to keep your home and will keep the debt collectors at bay.
As you’re going through the motions of finding the perfect home, there are so many things to consider beyond furnishings and fixtures. The first thing you will likely be looking into is a mortgage and homeowners insurance. What you might not have considered is the possibility of having to purchase flood insurance.
You have decided to sell your home but feel shocked and disappointed by the asking price suggested by your listing agent. You love your property and believe it is worth much more as similar properties have sold at a higher price in your area in recent times.