MABA is a non-profit, self-regulated organization dedicated to educating and protecting buyers. A Buyer’s best interest is MABA’s first priority and the organization offers several classes of membership: Exclusive Buyer Agents and Single Agents ($125 annually) as well as Affiliate members ($300 annually). An Exclusive Buyer Agent is defined as an individual who works in an office where the Broker and/or Owner and all agents in the office only represent buyers and take no listings. A Single Agent may have listings in the office, but agrees to never represent both the buyer and the seller in the same transaction. Affiliate members are companies that provide services to MABA members.

Currently, MABA has members located in Massachusetts and surrounding states including Vermont, New Hampshire and New York. MABA members are licensed real estate professionals who never practice “Designated Agency.” They practice single agency or buyer agency and always act as fiduciary agents for the buyer. MABA maintains a database of members and provides home buyer counseling and profiles on association members throughout the area. MABA members actively participate in trade association committees and have been instrumental in creating forums for discussion of agency issues.

MABA members are known as experts in the industry. The organization offers their members a number of educational opportunities including ongoing webinars.

To learn more about becoming a MABA member, visit the website at www.MassBuyerAgents.com. To become a member of MABA, contact John Karcher, president of MABA’s Board of Directors, at 781-264-2350.

About the Massachusetts Association of Buyer Agents (MABA)

The Massachusetts Association of Buyer Agents (MABA) is a unique organization comprised of agents and brokers throughout the state who are committed to protecting home buyers. Founded in 1991, MABA is a non-profit organization recognized nationwide for its efforts to educate licensees and consumers about agency issues. The organization is self-regulated and every member must take a pledge of undivided loyalty to the buyer-client; representing the buyer-client using a higher standard of practice than is required.

MABA is currently accepting new members. MABA is dedicated to providing quality, fiduciary-level services to home buyers and specializes in working to save buyers time and money, as well as looking out for the buyer client’s interests in the real estate transaction. MABA members never represent both the buyer and the seller in the same transaction and they never ask a buyer client to waive his/her right to full buyer representation. They are serious about due diligence and will inquire about non-disclosed property information.

For more information, visit the website at www.MassBuyerAgents.com or contact 1-800-935-MABA (6222).

But, according to the Massachusetts Association of Buyer Agents (MABA) buyers shouldn’t be hasty. MABA advises buyers not make an offer for or purchase a property without performing due diligence. Although buyers may want to move things along quickly in order to take advantage of the tax credit before the deadline, buying a home is a major purchase that requires careful consideration and research.

With the buyers’ best interests in mind, the buyer agents at MABA offer the following tips when considering buying a home:

· If you find a property that you like, do the research. Find out as much as you can about the property, the community, the septic system, zoning, setbacks, water supply, etc. For example, if you are going to pay a premium to live on the water or near the beach, make sure these attributes are not at risk from erosion, vegetation growth or even a new house blocking the view.

· Walk the neighborhood and talk to residents on the street. You will be surprised at the useful information you will pick up. If you are shy, bring a gregarious friend along.

· Prior to making any offer, familiarize yourself with other houses on the market that meet your needs and your budget objectives. Make sure you are also aware of the recent sales in the community and that you compare the house you want to purchase with these comparable sales.

· Decide if the house you have chosen is indeed the best house for you in your price range. Find out the property’s true market value, not the asking price, as it will vary wildly from the final sale price. Use this information to decide how much to offer.

· If you decide to make an offer, prepare a written offer to purchase which includes price, terms, conditions, and contingencies. These should all be in your best interest. (In Massachusetts real estate contracts need to be in writing to be legally binding). The typical binder deposit accompanying an offer is $500 to a $1000.

· Prepare a negotiating strategy. Identify the reasons why the property owner should accept your offer. Include information about yourself and the fairness of your offered price and terms.

· Make the offer presentation. Your agent will do so following your chosen negotiating strategy.

· Once an offer is accepted, make sure BOTH parties sign off on the agreement.

· Hire a nationally certified home inspector to evaluate the house to identify any defects requiring corrective action. In Massachusetts home inspectors are licensed by the Commonwealth. Attend the inspection, take your own notes and ask questions. Note some of the signs that can indicate bigger problems such as: ceiling leaks, a strong odor of damp, faulty or broken windows/doors, neglected yard, broken fixtures and appliances, rotting or insect damaged wood inside or out. Read the inspection report and identify any problems that you will ask the seller to correct prior to the closing date.

· Once you and the seller agree on the inspection items, a purchase and sale agreement is signed by both parties. Legal assistance is recommended for all contracts.

According to Paul Cottone, a member of MABA Board of Directors and broker at The Cottone Company of Newton Highlands, “Real estate is one of the biggest investments of a lifetime and a buyer MUST take the time to do the research and investigate the pros and cons of their potential investment.”

All MABA buyer agents take a pledge of undivided loyalty and are committed to protecting the home buyer. For more information about Buyer Agents, visit MABA’s website at www.MassBuyerAgents.com.

About the Massachusetts Association of Buyer Agents (MABA)

The Massachusetts Association of Buyer Agents (MABA) is a unique organization comprised of agents and brokers throughout the state who are committed to protecting home buyers. Founded in 1991, MABA is a non-profit organization recognized nationwide for its efforts to educate licensees and consumers about agency issues. The organization is self-regulated and every member must take a pledge of undivided loyalty to the buyer-client; representing the buyer-client using a higher standard of practice than is required.

MABA is currently accepting new members. MABA is dedicated to providing quality, fiduciary-level services to home buyers and specializes in working to save buyers time and money, as well as looking out for the buyer client’s interests in the real estate transaction. MABA members never represent both the buyer and the seller in the same transaction and they never ask a buyer client to waive his/her right to full buyer representation. They are serious about due diligence and will inquire about non-disclosed property information.

For more information, visit the website at www.MassBuyerAgents.com or contact 1-800-935-MABA (6222).

Now, first time home buyers who are in the process of purchasing a home don’t have the November 30, 2009 deadline hanging over them. It will also enable even more first time buyers to take advantage of the program over the next several months.

Due to a provision in the American Recovery and Reinvestment Act of 2009, taxpayers who have not owned a primary residence in at least three years time are considered “first time home buyers” and are eligible for a tax credit of up to 10 percent of a home’s purchase price (maximum $8,000).

The legislation has not only been extended, but expanded to include more buyers. A provision for homeowners who have lived in the same house for five consecutive years and are purchasing a new home meeting the remaining guidelines has also been added to the act. Those home purchasers may be entitled to a credit of up to $6,500.

In addition to the tax credits, the Federal Housing Administration (FHA) is allowing first time home buyers to use their tax credit towards a down payment or closing costs on the new purchase home.

“The Home Buyer credit program is ideal because the tax credit that the home buyer receives will not have to be repaid and may be used to purchase a home. Essentially, the program has stimulated the market to a point where home sales are at the highest level in over two years. It has helped many Americans reach their dream of owning a home,” explained John Karcher, president of MABA. “We are absolutely thrilled that it has been extended to the Spring.”

About the Massachusetts Association of Buyer Agents (MABA)

The Massachusetts Association of Buyer Agents (MABA) is a unique organization comprised of agents and brokers throughout the state who are committed to protecting home buyers. Founded in 1991, MABA is a non-profit organization recognized nationwide for its efforts to educate licensees and consumers about agency issues. The organization is self-regulated and every member must take a pledge of undivided loyalty to the buyer-client; representing the buyer-client using a higher standard of practice than is required.

MABA is comprised of 55 members, and is currently accepting new members. MABA is dedicated to providing quality, fiduciary-level services to home buyers and specializes in working to save buyers time and money, as well as looking out for the buyer client’s interests in the real estate transaction. MABA members never represent both the buyer and the seller in the same transaction and they never ask a buyer client to waive his/her right to full buyer representation. They are serious about due diligence and will inquire about non-disclosed property information.

For more information, visit the website at www.MassBuyerAgents.com or contact 1-800-935-MABA (6222).

The 10 Board of Directors for MABA includes:

· John Karcher of RE/MAX Advocates Buyer1st.com in Hanover

· Barry Nystedt of Buyer Brokerage Realty, Newton

· Bill Kuhlman of Kuhlman Residential Real Estate, Needham

· Connie LeDuc of Authentic Home Buyer Brokers, Southborough

· Janet White of Buyers Option of Nashua, NH

· Marlene Mallory of Buyer One, Westford

· Pat Magnell of Buyers Choice Realty, Andover

· Ron Berquist of Authentic Home Finder, Shrewsbury

· Rona Fischman of 4 Buyers Real Estate, Cambridge

· Paul Cottone of The Cottone Company, Newton Highlands

MABA’s board members are the governing body of the organization. They have the responsibility of ensuring that MABA’s mission and goals are upheld and that all members are acting as buyer advocates.

About MABA Members

Massachusetts Association of Buyer Agents (MABA) members are licensed real estate professionals who never practice dual agency or “designated” agency. MABA members practice single agency or buyer agency and always act as fiduciary agents for their buyer clients. MABA maintains a database of members and provides home buyer counseling and profiles on association members throughout the area. MABA members actively participate in trade association committees and have been instrumental in creating forums for discussion of agency issues.

“We’re a non-profit, self-regulated organization dedicated to educating and protecting buyers. A buyer’s best interest is our first priority,” explained John Karcher, Scituate resident and president of MABA.

About the Massachusetts Association of Buyer Agents

The Massachusetts Association of Buyer Agents (MABA) is a unique organization comprised of realtors and brokers throughout the state who are committed to protecting home buyers. Founded in 1991, MABA is a non-profit organization recognized nationwide for its efforts to educate licensees and consumers about agency issues. The organization is self-regulated and every member must take a pledge of undivided loyalty to the buyer client.

MABA is dedicated to providing quality, fiduciary-level services to home buyers and specializes in working to save buyers time and money. MABA members never represent both the buyer and the seller in the same transaction and they never ask a buyer client to waive his/her right to full buyer representation. They are serious about due diligence and will inquire about non-disclosed property information. For more information, visit the website at MassBuyerAgents.com or contact 1-800-935-MABA (6222).

Due to a provision in the American Recovery and Reinvestment Act of 2009, taxpayers who have not owned a primary residence in at least three years time are be considered “first time home buyers” and are eligible for a tax credit of up to 10 percent of a home’s purchase price (maximum $8,000).

Now, the FHA has gone a step further by incorporating a program that allows first time home buyers to use that tax credit for down payment on a home or to put towards closing costs.

“The government believes that by letting first time home buyers use their tax credit towards the purchase of a home, it will help to stimulate the market – and it should. This is a unique program that is very beneficial to first time home buyers. They receive a tax credit that does not have to be repaid and then they can turn around and use that credit to purchase a home,” explained

John Karcher of MABA. He continued, “We just need to make buyers aware that the program exists.”

First time home buyers should take action soon as the FHA program ends November 30, 2009.

About MABA

The Massachusetts Association of Buyer Agents (MABA) is a unique organization comprised of more than 55 realtors and brokers throughout the state who are committed to protecting home buyers. Founded in 1991, MABA is a non-profit organization recognized nationwide for its efforts to educate licensees and consumers about agency issues. The organization is self-regulated and every member must take a pledge of undivided loyalty to the buyer client.

MABA members never represent both the buyer and the seller in the same transaction and they

never ask a buyer client to waive his/her right to full buyer representation. They are serious about due diligence and will inquire about non-disclosed property information.

For more information, visit the website at http://www.MassBuyerAgents.com or contact 781-264-2350.