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Derren Peters

Staff Writer
Photo of Derren Peters

222 Third Street
Suite 3100
Cambridge, MA 02142

derren@bayareaforsale.com


www.massrealty.com

Recent Submissions

Truth in Lending Act (TILA) Truth in Lending Act (TILA)

By Derren Peters

The Truth in Lending Act (TILA) was passed by Congress in 1968. It created a uniform system for calculating the terms of a consumer loan, and how that loan is explained to the public, making it easier for consumers to compare loans.

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Why Use a Seller's Agent Why Use a Seller's Agent

By Derren Peters

The advantages to having a seller's agent.

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What a Great Listing Agent Can Do For You What a Great Listing Agent Can Do For You

By Derren Peters

There are several ways to sell your home. For many, partnering with a listing agent may offer the most effective path to a successful sale.

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When an Evicted Tenant Won't Leave When an Evicted Tenant Won't Leave

By Derren Peters

For a landlord, evicting a tenant is the worst case scenario in a dispute with a tenant. It becomes even worse when the tenant refuses to leave. Both parties have legal rights in this matter, and proper legal procedures must be followed.

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The Benefits of Home Ownership Over Renting The Benefits of Home Ownership Over Renting

By Derren Peters

You woke up one day and decided to stop procrastinating and actually purchase a home - one of the biggest, most important investments of your life. Congrats! That's a heady decision! There's a dizzying array of choices in front of you -- Which neighborhood? Which agent? Which lawyer? -- But one of the most significant decisions is whether to rent or buy.

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Rental Scams: Renter Beware Rental Scams: Renter Beware

By Derren Peters

The Internet has become the primary place for people to find housing and apartments to rent. Some tips to avoid scames to keep in mind if you're looking for a rental property online.

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Rebuilding Your Credit After Foreclosure Rebuilding Your Credit After Foreclosure

By Derren Peters

The American Dream of owning a home can become a nightmare when foreclosure occurs. There are no quick fixes, but there are steps you can take to rebuild your credit in the aftermath.

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Buying a Fixer-Upper Buying a Fixer-Upper

By Derren Peters

Fixer-Uppers are homes that require a bit of maintanence, and so will usually be sold for a lower price. This article outlines some important questions you should ask and decisions you should make before making that purchase.

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Fixed Rate vs ARM Fixed Rate vs ARM

By Derren Peters

Speaking with a mortgage professional, or visiting a bank's website, will introduce a number of different mortgage packages and products designed for different types of customers (first time buyers, veterans, low-income, etc) with custom terms. But every mortgage product is a variation of two distinct mortgage types: Fixed and Ajustable rate.

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What Does a Buying Agent Do? What Does a Buying Agent Do?

By Derren Peters

The process of buying a home can bring about a dizzying array of contracts, home tours, and haggling. The experience can be daunting even for those who have purchased a home before. A buying agent can ease that stress by walking you through the home buying process.

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How Home Inspectors Become Licensed How Home Inspectors Become Licensed

By Derren Peters

The home inspector will play an important role if you're acquiring a home. A home represents a significant investment, perhaps the biggest of...

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How an Appraisal Report is Compiled How an Appraisal Report is Compiled

By Derren Peters

Each appraisal report contains a variety of figures, property details and sales comparisons. But how is the appraisal report compiled?

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What's Included in an Appraisal Report What's Included in an Appraisal Report

By Derren Peters

An appraisal is a survey of a home performed by a licensed, independent professional to determine the home's market value. But what's included in the appraisal report?

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Sellers Need a Real Estate Lawyer Sellers Need a Real Estate Lawyer

By Derren Peters

Selling your home puts you back in the world of Texas real property law, a unique and often tricky legal realm that involves practices and problems not seen in other transactions. A lawyer can help you avoid some of the common problems with a sale, and also determine if any resulting agreement has been properly executed.

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Your Home Insurance Deductible Affects Your Premiums Your Home Insurance Deductible Affects Your Premiums

By Derren Peters

Your home insurance premium is directly affected by the deductible you choose. When determining your deductible, it's best to figure out what is the most you feel comfortable paying in the event of a loss. Making your deductible higher than that could place you in a financial burden should you file a claim. If you make it much lower, you may end up paying more for home insurance each month than you need to.

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Understanding Home Appraisals Understanding Home Appraisals

By Derren Peters

Appraisals are vital in the Texas real estate market, relevant to buyers, sellers, and lenders. Learn more about the appraisal process and what it means to you here.

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Choosing the Right Painter Choosing the Right Painter

By Derren Peters

There are a few issues you should consider prior to hiring a painting contractor for your home. Learn more here.

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What Exactly Do Real Estate Appraisers Do? What Exactly Do Real Estate Appraisers Do?

By Derren Peters

A real estate appraisal aims to pinpoint a property's market value for your lender, as well as other relevant information related to a sale process, but what actually happens in an appraisal?

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The Art of Negotiating The Art of Negotiating

By Derren Peters

You've partnered with an agent, shopped for a lender, viewed home after home, and finally identified the house of your dreams. Now it's time to make an offer for it.

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Buying a Short Sale Property Buying a Short Sale Property

By Derren Peters

Homebuyers looking for a deal will likely come across a short sale property during their search for a home at some point. If you ever spot a listing price that seems too good to be true, call your agent and find out if it's a short sale. Here are the things you need to know about a short sale property.

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What is a Short Sale? What is a Short Sale?

By Derren Peters

What is a Short Sale? One way to describe a short sale is, when a homeowner is "under water", and, for various financial reasons, is unable to keep up with mortgage payments, causing them to default on the loan. To mitigate damages, the lender puts the property up for less than what is owed on it by "short sale" in hopes to find another mortgagee to take over the property.

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Buyer Broker Agreements Buyer Broker Agreements

By Derren Peters

Once you've selected a buying agent to represent you, they will likely present you with a Buyer Broker Agreement (BBA, also known as a buyer broker contract). This certifies your partnership with the agent and spells out what sort of duties/tasks the agent will perform for you, while providing them the power to begin working in your best interests.

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Closing the Deal Closing the Deal

By Derren Peters

You did all your homework, and aligned with all the right professionals. You found the home of your dreams, made an offer and sweated out the back and forth negotiations. And now, finally - finally! - your offer has been accepted. Congrats! But through your jubilation, keep in mind there are still potential pitfalls related to the closing process.

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What is an Open Listing? What is an Open Listing?

By Derren Peters

An open listing can allow motivated sellers listing their homes as For Sale By Owner to reach out to the best possible pool of buyers, but is often less favourable to agents.

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Applying for a Mortgage Applying for a Mortgage

By Derren Peters

As exciting as the home buying process can be, beautiful homes to view, neighborhoods to explore, and possibilities to consider, it's the not-so glamorous tasks that turn those dreams into a reality, one of which is applying for a mortgage. Whether you're approaching lenders yourself, or utilizing a mortgage broker, keep the following in mind when applying for a mortgage.

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Why Use a Real Estate Lawyer? Why Use a Real Estate Lawyer?

By Derren Peters

For many, the idea of a simple, routine, hitch-free home purchase exists in the same cannon as the Easter bunny and Santa - fairy tales. Breathe easy - it is possible to survive the process without slipping on a proverbial banana peel, provided you have the right team of professionals on your side.

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The Cost of Moving The Cost of Moving

By Derren Peters

Whether you're heading to a new place in a new state, or staying within Massachusetts, moving brings a lot of excitement and change. But it's important to develop a moving budget to save money and avoid unnecessary expenses.

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BA, Communication, Newbury College

Derren has written informative content for various media entities, including the Associated Press and the Museum of Science. He spent time at the Alewife newspaper on the City Hall beat covering neighborhood politics in his native Cambridge. He's also played a role in the creation of media and marketing initiatives for Be The Change, WHDH (7NBC), and Interlock Media.