Buying your Home : Our Plan

The Greater Boston Area is one of the most desirable and competitive real estate markets in the world, and we understand that making the decision to buy a home here can be a particularly overwhelming experience. From mastering the difference between condos, single and multi-family units, to planning for closing costs, there is a lot to learn. That is why we have created this Buyer’s Guide — to set you on the right course to owning your perfect home!

How to Buy a Home:

Boston & Cambridge

1 Connect

Reach out to Stephen McCarthy, a licensed real estate professional. Stephen will work as your advocate and trusted advisor to help guide your search.

2 Get Pre-Approved

Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying in cash for the full price of your home). Stephen can connect you to a proven mortgage broker who will offer competitive interest rates and desirable financing packages and options. Based on your income and credit history, the mortgage broker will determine how much the bank will lend you, which will help determine the  price range for your sear

3 Visit Properties

Stephen will guide and instruct you during viewings and open houses spanning a range of areas and property types. Now is the time to consider your ideal home’s accessibility and amenities.

4 Make an Offer

Once you have seen a home you like, you submit an “offer,” which outlines the price, terms and timing of the purchase. Stephen will provide advice on pricing, and guide you through the competitive process typical in this market.

5 Schedule a Home Inspection

6 Review Building Financials and Regulations

Discuss the purchase and sale agreement (P & S) with your attorney. Your attorney will protect your interests, answer questions and interpret many documents. You want to select an attorney who is familiar with local real estate transactions. Stephen has vetted a reliable network of professionals.

7 Sign Purchase & Sale and Pay Deposit

8 Complete Loan Application

The bank will organize the appraisal, search the title and finalize the paperwork so your loan is “cleared to close.”

9 Closing Scheduled by Attorneys

10 Final Walk-Through with Stephen McCarthy

A review of the property to confirm that it is in the same physical condition as when you signed the purchase and sale agreement.

11 Closing

Congratulations, you are now a home owner!

Key Terms


Assessment of the property’s market value, typically done for the purpose of obtaining a mortgage.


A monthly maintenance fee paid by condo owners. Property taxes are not included in monthly condominium fees.


A percentage of the agreed-upon purchase price paid by the buyer at the time of signing the purchase and sale agreement.


The percentage of an individual’s monthly gross income relative to the amount of debt owed.


Deposit of funds into a federally insured account, to be transferred upon completion of the deal. OFFER ACCEPTED The point in time when a seller accepts all the terms of a buyer’s o er for a property.


A small apartment maintained by someone who resides in another area. The unit allows the owner to avoid the daily commute or to spend occasional late nights in town to access cultural events.


Potential buyers provide a complete financial picture to mortgage brokers, who provide preliminary approval of the buyer’s loan.


A background check on the property to ensure there are no outstanding debts or claims upon the property.


Refers to the time between the signing of the purchase and sale agreement by the buyer and seller, and the closing.

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126 Newbury Street, 5th Floor
Boston, MA 02116