Boston condos for sale. Best techniques for a lowball offer?

Boston condos for sale. Best techniques for a lowball offer?

Boston Condos for Sale and Apartments for Rent

Boston condos for sale. Best techniques for a lowball offer?

Usually, the lowball season is limited to the 4th quarter each year. With the days-on-market today, some Boston condo buyers will be attempting to get a deal now.

Buyers – Where do you start? Getting a deal on a fixer can be counterproductive because of the time and money needed to get it back in shape – and you end up with a retail investment that dominated your life. But if it’s in a superior location, it might be worth it.

The market is healthy enough that the attractive price condominiums are going to get good or great offers from the less-informed. If you like the home and don’t mind paying retail, then battle it out and maybe you will get lucky and be able to shave a couple of bucks off the list price.

But if you want to lowball, the best chance of getting a deal is on the aged listings – those that have been on the market for more than 30 days.

• The best sign of a motivated seller is one that has already lowered their price. They are aware that their pricing isn’t working, and might be more receptive/motivated to listen to your lower offer.
• Pick on vacant house or condo, especially those with a hefty mortgage.
• Offer a quick close, and other sweeteners to offset your low price.

It’s likely that you will have to make several offers before landing one, but if you have the time, go ahead. The hope of holding out for a superior property will likely out-weigh your willingness to risk it all on one that might seem discounted today.

Peace be with you

Updated: Boston condo for sale blog 2025

Updated: Boston Real Estate Blog 2025

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Boston condos for sale. What’s a lowball offer?

Lowballing is essentially offering a price below a seller’s asking price. Look at it this way, if a broker is asking for a certain price on an item and you offer a lower amount in an effort to price him down – that’s lowballing.

What’s lowballing in the Boston condo for sale market?

Now in the Boston condo for sale market, the buyers who typically make lowball offers are: Real estate agents, real estate investors, real estate wholesalers, house flippers and property developers.

Real estate agents, for example, are responsible for brokering real estate transactions. In the negotiations process, they may implement lowballing strategies to get the best deal for their buyer client.

The same goes for all of buyers in real estate. The end goal is to get better prices so that they can make money on transactions.

In real estate, investor buyers and their agents are the ones who mostly use lowballing. They’re simply trying to get the best price or cost on a house not only for themselves, but also for their clients and investors that they represent.

What do you need to know when making a lowball offer in the Boston condo for sale market?

Some questions you may want to ask yourself before making an offer on a property include:

• What are the values of the other houses in the neighborhood?
• At what prices are comparable homes offered?
• What are similar homes selling for?
• Are area prices rising or falling?

Luckily, Ford Realty agents can provide you with all this information in a comparative market analysis (CMA). The key is to understand values better than anyone else, so instead of making an offer that offends the seller, you make an intelligent lowball offer with market data to justify your proposal. 

Also, watch out for other Boston condo for sale buyers, they could beat you to the punch and steal your good deal if you don’t stay on top of these questions and move quickly.

What’s the most important technique in a Boston condo for sale lowball offer?

“Allow other people to speak first; the important factor is not who talks… it’s who listens.”