The Boston condo sales market has its own share of lingo and some of it is hard to understand. Build your home buyer vocab before you start looking for your dream condominium.

Pre-approval

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Boston condos for sale

Before you start spending your weekends going to Boston condo open houses, its essential to secure a lender, typically a bank or a credit union, and obtain pre-approval for a loan. After all, you don’t want to fall in love with your dream home only to find out you can’t afford it. “Lenders require lots of documentation to provide a pre-approval. It is always best to provide that first so there are no delays when you find the perfect home

Buyer’s agent

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Boston condos for sale

Shopping for a Boston condo can be a daunting process without the assistance of a buyer’s agent; this is your agent who exclusively represents you. In Boston, there is little to no cost to work with a buyer’s agent, typically the agent is paid via the seller. Buyer’s agents will help you navigate the home buying process and negotiate the best price and terms. 

Listing agent

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Boston condos for sale

A buyer’s agent works with the listing agent, a realtor who represents the sellers of a property. Their role is to work solely to represent the best interest of the person(s) selling the property. Listing agents are responsible for marketing the listing and negotiating the best price and terms for the sellers. The listing agent is also responsible for negotiating the commission paid to both listing agent and buyer’s agent.

Dual Agent

Dual agent

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Boston condos for sale

Using a dual agent is akin to using the same attorney for both spouses in a divorce. It may not be in your best interest and in some states dual agents are restricted or illegal. A dual agent represents both the buyer and the seller in the transaction. This can arise if a buyer calls the selling agent of the home. The agent is obligated to disclose the relationship to both parties as this can cause a conflict of interest.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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