Here are 6 simple tips on how you and your broker can write up a successful Offer on the Boston Seaport condo that you want to buy,.
1. Clearly Define Your Idea of a Perfect Boston Condo
Boston condo for sale searchers become fixated on location, while others only think about aesthetics. Some look at Boston midtown high rise condominium, while others want to be in a historic area such as Beacon Hill. Before you rush into putting an offer on a listing other buyers are pursuing, try to imagine living in that condominium. The vision should go beyond the big picture. It should be holistic.
2. Share Your Dreams with a Downtown Boston Real Estate Agent
Both you and your broker need to be on the same page. Retain the services of an agent who agrees to notify you, say, when units in the Boston Seaport become available Not all real estate professionals will agree to work in this fashion, which means you may have to shop around a bit.
3. Obtain a Mortgage Preapproval
Agents who represent Boston downtown real estate sellers usually tell their clients to dismiss prospects who show up without mortgage preapproval documents. There’s a difference between being preapproved and prequalified. Boston downtown real estate sellers will always listen to bidders who are preapproved.
4. Make a Cash Offer
It would not be unreasonable to think the seller could be swayed with a cash offer as long as it’s properly backed up with a statement from an accountant. Cash offers made on Boston midtown condos aren’t as common as they were in the past, but they’re more likely to trump bids that have financing contingencies attached.
5. Eliminate Financing Contingencies
If you’re a Boston condo for sale buyer with cash, you can waive the financing contingency on the purchase contract. Even if you have terrible credit, a mortgage lender will likely preapprove a deal with a 50 percent loan-to-value ratio.
6. Go Easy on Inspection Contingencies
Renovation projects can be incorporated into dream Beacon Hill condo. If you fall in love with an older Boston Beacon Hill condominium that you know will require some work, you may want to ease up on the inspection contingencies.
When you’re looking to buy your dream Boston condo for sale, one of the smartest strategies you could employ is working with experienced agents who have in-depth knowledge. Please keep us in mind when you start your Boston condo for sale search.