Boston one of the ‘World’s Best Cities’ MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent

Boston, America’s oldest big city, is among the best cities in the world, according to World’s Best Cities’ 2024 ranking of the most desirable cities on the planet. Resonance’s World’s Best Cities analyzed more than two hundred and seventy cities across the globe along three main pillars: livability (including metrics like walkability, bikeability, landmarks, parks and recreation, museums and higher education options) lovability (including culture, nightlife, restaurants, shopping, attractions and internet searches) and prosperity (including educational attainment, labor force participation, gross domestic product, or GDP and poverty rates). Boston ranked twenty fourth on the list. With a population of 4.9 million, Beantown was also tops for education.

“A hub of higher education and home to the forteeth most educated workforce on the planet, Beantown produces a steady stream of new talent to help attract start-ups and established companies alike,” according to the publication. And why would it’s home to Harvard University and several other world-class colleges and universities. Boston has more than seventy six higher learning institutions with approximately two hundred thousand postsecondary students “creating stories, ideas, solutions and technologies with global influence. No wonder the city ranks number eight globally for GDP per Capita,” the report says.

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FIRST TIME HOMEBUYERS

Buyer’s Agents Explained

Who Pays the Home Buyer's Agent?

Both seller's agent fees and buyer agent's fees are part of a typical real estate transaction and are included in the final negotiated purchase price of the property. There should be no additional fees to the buyer for a buyer's agent above and beyond the negotiated purchase price of a home unless specifically agreed in writing between the buyer and agent before an offer is made.

In most cases, the seller's agent pays the buyer's agent for bringing the buyer, negotiating the purchase price and terms, writing a legally correct offer, coordinating inspections, responses, and financing plus handling numerous additional details on the buyer's side of the transaction.

Buyers should avoid contacting seller's agents and sellers directly unless they are comfortable negotiating and representing themselves. That is why it is important for buyers to choose their agents BEFORE they begin looking at homes or as soon as possible if they have begun looking.

Did you know that fewer than one percent of the agents and brokers in Massachusetts have committed to being 100% loyal to their buyers 100% of the time?

To learn more about the pros and cons of various types of buyer agents, or to get a list of experienced local 100% loyal buyer's agents to interview without obligation, click the button below.

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