For most buyers and investors who are interested in Beacon Hill condos for sale, the fun part of the transaction is filtering thru all of the fantastic opportunities currently for sale on the market. Once you have finally chosen a Beacon Hill condo that meets all your preferences and criteria, the negotiation side of the transaction begins. Now it is time for the buyer to put the terms on paper and prepare the “winning offer”. Writing a good offer can make all the difference in whether or not a buyer is able to put together the successful deal for a Beacon Hill Condo. At Ford Realty we are assisting our buyers with this process, there are several points we encourage are always considered.
Choose an experienced agent to work with who has a good knowledge and understanding of contracts and pays high attention to details:
The Beacon Hill agent is there to represent your best interests and make sure all contract dates and time frames are met. Good agents can foresee and sometimes prevent issues before they arise during escrow from experience and simply paying attention. You can potentially lose a deal using an inexperienced agent.
Write a Clean Offer:
A good Beacon Hill agent will contact the listing agent to discuss details of your offer before writing it up. What is the seller’s situation and expectations? Do they need to move quickly? Are you competing with other offers? Make it a goal to write a clean offer that the other party is able to accept on spot without having to counter. Knowing the other party’s situation can help you adjust the offer terms as needed. Make sure to use the correct form depending on type of purchase.
Make a Strong Offer:
Your agent can help by running comps of similar properties in the area to help you determine your offering price. Some properties are overpriced and some are priced to sell, all depending on how motivated the seller is. Don’t automatically assume you should discount an amount off the list price.
Include Proof of Funds:
Have your pre-qualification or pre-approval letter from your lender ready to submit with any offers. If all cash, have proof of funds to close included with your offer. You want the other party to have everything needed to make decisions.
Earnest Money Deposit:
should be 10% of the purchase price to show you’re serious about purchasing Beacon Hill condo
Put it in Writing:
Don’t assume. If you want a certain item included/not included with the property, put it on the contract. If you want the property professionally cleaned prior to move in, ask for it on the contract. If it’s in writing, it’s a binding agreement. If it’s not, don’t get upset when something doesn’t happen as you planned.
Make sure it is very clear when possession transfers from one party to another. In my opinion I thing it’s best to state “upon notice of recording” which doesn’t leave any room for assuming a date or time.
Have open trust and communication with your agent. The more they know, the better they can present your offer and represent you and your best interests.
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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.
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.
Charles River Park
Surrounding Communities of Boston
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.
Ford Realty Inc
137 Charles Street
Boston, Ma 02114
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