I’ve met recently with Boston Back Bay condo owner who are considering selling their two-bedroom Back Bay condo, but aren’t sure where they’ll be able to buy next. Though they know they’ll do extremely well in the current market with the sale of their property, they’re nervous about competing with buyers to purchase their next place as they thinking about moving to the Boston suburbs.
Here’s a suggestion that will work for these potential sellers: Rent a short-term, furnished rental apartment at Charles River Park for a 3-month rental. There are actually quite a number of downtown Boston condos for rent at any given time for 3-6 month time-period, However, Short-term, unfurnished rentals are more of a challenge to find, given that many landlords prefer longer-term apartment leases.
Just hit but rent in an area in which you’re interested in moving; it’s best to be in geographical proximity to your destination.
You’re then able to put your belongings in storage and then move them to your new home once you purchase it, negating the need to move twice. You also won’t get too mired down in a rental, because both the price and the lack of your own possessions will keep you motivated to find the home that’s right for you.
And best of all, you’ll eliminate the possibility of making decisions under pressure, allowing you to think clearly and ultimately make the right purchasing decision for the long term.