I receive calls every week from companies and individuals who want to buy my Boston condo and will pay cash. There are a lot of cash buyers out there. Some will buy your Boston condo, usually a a major discount.
I let them know that I am a Boston Beacon Hilll licensed real estate broker and that I own a Beacon Hill real estate company and that if I did want to sell I think I can handle it and I ask them to please put me on their “do not call” list.
In most cases, these offers are not scams. There are companies that are happy to buy almost any downtown Boston condo and they will pay cash and in rare situations will also offer a fair price. Some of the Boston condo buyers will let the owner leave most anything behind. Homeowners don’t have to fix anything or clean anything. In the past year or so more and more of our houses in St. Paul have been bought by corporations.
When we own private property we have the right to sell it to anyone. If there were restrictions on who we could sell it to the property would probably not be worth as much.
However, I believe in homeownership and will do everything in my power to sell my little piece of real estate to an owner-occupant when I am ready to sell.
Get ready to receive many calls in the next few months from people who want to sell your house and from people who want to buy it. Some will be scams and others will be businesses looking to buy real estate.
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Updated: Boston Real Estate 2021
Here are the pros and cons on accepting a cash offer on your Boston condo for sale:
Since the buyer does not have to apply for a mortgage and deal with all the red tape of applying for financing, a cash purchase is typically a quick process. When doing a cash sale, you can close in just 10 to 12 days in most cases, which makes it ideal for Boston condo sellers who are in a hurry to get rid of their condo and focus on a new home instead.
Boson condo buyers who are offering to pay in cash for a condo tend to provide slightly lower offers. In fact, suggesting a buyer pay in cash is a classic negotiation technique for lowering the overall price of a home. Buyers make lower offers because they are hoping the convenience and speed of a cash purchase will convince the owner to accept a lower bid. You will have to decide if the ir is worth a little less money.
The process of making an offer, accepting an offer, and closing on a home are filled with uncertainties. For example, a lender could withdraw a loan offer if a buyer loses his or her job suddenly. Even if the buyer is preapproved by a bank, something could go wrong. As long as your cash buyer has verification of the funds, you can be confident the sale will most likely go through, which makes it easier to plan ahead when selling your condo.
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