As a Beacon Hill condo buyer, open houses are more than a walkthrough of a home–they’re an opportunity to see if you can picture yourself in the space and speak with the listing agent for more information on the condo for sale in Downtown Boston. The open house may even be your only chance to directly ask the listing agent questions. Here’s a handful of questions you can ask the agent to get a better idea of your negotiating power and find out information that isn’t in the listing.
Why is the seller selling now?
This is a better question to ask than how motivated the seller is because the agent probably won’t give you the stock response: “Very motivated.” By asking about the seller’s motivation to sell, you will get more insight into what the seller needs to part with the property.
Have you had offers?
You aren’t just negotiating with the seller. You may also be competing with other buyers for the property. If offers have been made, the seller will probably tell you so in hopes that you will bid and drive the price higher.
How long has the property been on the market?
While you can get this information yourself, it’s a good idea to ask the listing agent as they can put the information into context. The property may have been on the market for so long because a previous contract fell through due to financing problems, for example.
What are typical utilities and condo fees?
It’s a good idea to know what you’re getting into before you make an offer. Ask about recent utility bills and any other monthly costs like condo fees and special assessments you may need to fit into your budget.
Is there anything besides price that is important to the seller?
While price is usually the most important factor to a seller, other factors may make a difference if the property receives multiple offers. For example, the seller may be more likely to accept an offer with a short escrow.
If you’ve been checking out Beacon Hill condos, consider working with a friendly and experienced agent. The right agent can guide you through the process, ask the right questions at an open house, and help you find the property of your dreams. Don’t hesitate to reach out today
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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