The other day a client asked how’s the Boston condo market looking, I said, “It’s complicated.” This, of course raised eyebrows, but ultimately lead my potential client into deeper conversation, and an honest one at that.

Downtown Boston literally has 1,000’s of real estate agents/ members in our association, and only 553 active Boston condo listings. You do the math. So, yeah, the market is complicated and quite frankly, it sucks for everyone except the seller agents. So if you have a Boston condos to sell, NOW is the time.

Boston condos for sale

Boston condos for sale

No more sugar coating. No more fake news. I’m telling it like it is. This market is making me crazy, and I’m just going to keep going old school, keep on keeping on, and know that I will get to the other side, just like I did a decade ago.

Yes, the Boston condo market is complicated.

I realize it’s a Catch 22- sellers don’t want to sell their starter condos because they know their condominium will sell quickly and they won’t be able to find another condo to buy. And they know they are in a weakened position to buy because their offer will be contingent upon the closing of their  Boston condo their living in.

So what can they do?

I’ll offer some solutions!

Be creative! Negotiate a longer possession time after closing so you the seller can find a Boston luxury condo. Locate furnished short term rentals. Sell your condo and lease back the unit until your next condo is ready to close Know which storage facilities are available. Brainstorm ideas with the client’s lender to make their offer more appealing. Arm yourself with enough information and solutions to ease your mind. You need to know that you can make this happen with as little stress as possible.

There are a myriad of solutions, but the one that won’t work is sitting back, complaining about the Boston condos market, and putting your head in the sand.

Yes, this market is complicated. Yes, it’s making it hard to stay in the fight. But the battle will end, and you will come out on top again. So chin up, get to work, and be honest. The Boston condo industry has been through worse- way worse- and you’ll make it through.

So the next time someone asks you how the market is, be honest. It’s just complicated.

  1. SEARCH BOSTON CONDOS FOR SALE & RENT

Author Profile

John Ford
John Ford
EXPERIENCE

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.



HISTORY

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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
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.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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