How quickly a Boston condo sells comes down to the size of the buyer pool. If a condo has everything a buyer could want, you’ll get multiple offers and top dollar. If not, your Boston home could take a little while to go into contract, and perhaps not attain the outstanding price for which you’re hoping. After all, Boston condo buyers are less motivated to pay list price if a home has been sitting on the market for three weeks or longer—especially in a higher interest rate environment like we have today.
I’ve been selling condos in downtown Boston for over 20 years, and have come to know what Boston condo buyers in this city want. In fact, I’ve narrowed it down to the top five features that consistently end up factoring in to a successful home sale:
We all know the “location, location, location” pretty much counts for everything in a city like Boston. If your Boston condo is within walking distance of a retail corridor with restaurants, shops, and cafes, you’re golden. Bonus points for being near a T line.
Next to location, listing your Boston condo for sale at the right price is paramount for a fast sale. Boston condo buyers are well informed about the current market ebbs and flows. The Boston condo for sale market is current in flux as interest rates have doubled since last year, so Boston condo sellers need to adapt their price accordingly.
Who doesn’t love having their own large bedroom and update bath, especially if they come with a fireplace, luxurious finishes and a walk-in closet? Most people would prefer not having a third or fourth floor walk-up to their one bathroom on the top floor.
We have a very diverse Boston condo for sale stock, and many homes weren’t built for how we live today. Boston condo buyers are often okay with potentially doing a cosmetic kitchen or bath remodel in the future, but interest levels tail off when awkward floor plans are involved. Having to gut the entire condo so it makes sense is often more than buyers want to take on.