Boston Real Estate for Sale

There are so many things to consider when buying a downtown Boston condo, so it’s no wonder that you have a lot of questions running through your mind right now. Fortunately, with the right guidance of an experienced Boston real estate broker, this doesn’t have to be so overwhelming and stressful as it might seem at first sight.

If you’re looking for a condo for sale in the Boston real estate market, make sure to hire a dependable local real estate company and reap all the perks of their involvement. They will provide you with all the necessary information and do their best to speed up the entire process. With the right kind of help, you might be able to move in your dream home much sooner than you anticipated.

WHAT QUESTIONS SHOULD I ASK WHEN BUYING A CONDO?

To gather all the crucial info before you make the final decision and buy your favorite condo, here are a few questions that you should remember to ask:

What are the monthly condominium fees?

One of the biggest perks of high rise condo living is that you are not responsible for handling the repairs on your own. Instead, you are required to pay monthly condo dues. In addition to confirming the amount you’ll need to allocate for this purpose, you will want to check what you will be getting for what you’ve paid.

Boston condo fees typically cover the costs of maintaining the common areas of the building and may cover some common utilities..

Do condos qualify for FHA loans?

If you plan to apply for an FHA loan that requires a significantly lower downpayment in comparison to conventional loans, you need to verify that the condo you plan to buy is FHA-certified. Since this may limit your options, the best course of action is to hire a professional who will spare you all the hassle and help you find a condo that meets all your requirements.

Will you be able to rent out your condo?

Every condo association has a set of rules that the condo owners are expected to follow. So, before you sign off on a purchase, you should get familiar with all the regulations, including those that determine if there is a rental cap (it determines how many units can be rented simultaneously).

The usual limit for condos is 20%, so if you want to be sure that you’ll be allowed to rent out yours, this is definitely something that you should look into more closely. Both condos with and without rental caps have their advantages and disadvantages, so consulting with a skilled real estate agent might help you make the right decision regarding your next move.

Are there any building issues?

Buying a new Beacon Hill or Seaport condo is not a process that should be rushed. Instead, take the time to do your research and, if possible, meet with the current owners to hear about their impressions and experiences. Also, consult with your real estate agent because they have years of experience in this filed and can easily spot any hidden issues that would have never crossed your mind otherwise.

Is there any real estate litigation?

Unfortunately, there are many condos embroiled in never-ending litigation, and that’s something you will want to avoid at all costs. To spare yourself a headache and avoid making a bad investment, talk to your real estate agent about this, and express your concerns timely. They will be there to guide you through it all and protect your interests.

Boston Condos $450,000 for sale

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