If you’ve been searching Boston condos for sale or are just starting in 2019. You are not alone. Below are some facts and tips you should be aware of. Once you know the facts, we will give you 4 tips to help you get the key to your Boston Beacon Hill condo.
Fact 1: Beacon Hill condos for sale, the demand is much higher than supply. This has been consistent since 2009.
Boston condos for sale: Fact 2
Fact 2: Some areas in Boston are in more demand than others. Look at the numbers for Beacon Hill, you will need to have a very good strategy planned with your Beacon Hill condo agent before placing an Offer.
Boston condos for sale: Fact 3
Fact 3: Some Boston Midtown real estate condos agents are trained to list Boston high rise condos very low compared with the final sales price. This strategy has worked well in Boston for them. It attracts many potential buyers for a lower price that they, the realtors, can record in their database for future business. More importantly, having many offers will make the realtors look good to the sellers who pay them well and give them more referrals. A win for the realtor but a big frustration for buyers who do not get the offer accepted, especially first time home buyers who spend days doing research and dreaming about a house listed for $849,000 that sells for $1,136,000 in 10 days!
Boston condos for sale: Fact 4
Fact 4: The tech industry is not the only one to blame for increasing Boston Midtown condos prices.
We live in a global world where many people in other countries get richer in the last few decades. Boston is one of their desirable places to live or invest due to many factors: Culture diversification, quality of life, quality of education and strong real estate laws are the main reasons for international investment to pour in real estate in San Francisco.
BOSTON CONDOS FOR SALE: 4 TIPS
Tip 1: First thing first: Know exactly how much your Boston condo buying budget is. First get a pre-qualified letter from a lender. Unless you love to look at Boston condos for sale as we do, why waste your time looking at Beacon Hill condos priced over what you can afford? Home shopping is time consuming and can be frustrating if you are not prepared. Many give up after a few months, only to find out later that prices have gone up again.
Tip 2: If you find something you do not like about the Boston condo for sale that cannot be fixed easily, walk away. Examples are neighborhood, public transportation, foundation problem.
Tip 3: Be persistent, keep making offers on Boston condos for sale you like. The more condominiums you see and bid on, the better you will be at the bidding game. Plan for at least 4 to 6 months before you move in your home.
Tip 4: As you can see from the following examples, the bigger and more expensive houses are actually cheaper per square feet, per room and have less competition. This is where co-ownership makes sense. Just like buying a whole pie is cheaper than buying many slices separately. Look and compare prices of a 1- bedroom, a 2-bedroom and a 3-bedroom for Boston condos for sale in the same area.
