Let’s start 2019 off right. If you’ve been dreaming of a downtown Boston condo, it’s time to get started. Here’s a month-by-month guide to planning for and buying a new Boston Midtown condo. It’s about time to set your new year’s resolution, right?
January: Brush Up on Your Market Knowledge
The best way to get started? Brush up on your Boston downtown real estate knowledge. Scour the market with a fine-tooth comb. Check out things like current inventory in your desired downtown Boston neighborhood , average sales prices, and the listing-to-sales-price ratio.
This research will help you familiarize yourself with the downtown Boston real estate market.
February: Address Your Budget
Let’s finalize our budget shall we? The easiest way to do this is to get pre-approved for a mortgage. In other words, can you afford downtown Boston real estate? Meet with a lender (let us know if you’d like a recommendation) to review your finances. The lender will go over your financial history, and then let you know what the bank is willing to lend you.
March: Find Your Perfect Location
Do some soul searching. Where will you be happiest? Explore locations based on their job market, housing affordability, and overall quality of life. The goal is to narrow down your search to one downtown Boston real estate area
April: Find the Right Agent
May: Define Your Dream Home
Now is the fun part! Start putting together a list of everything you want in your ideal Boston downtown condo. We recommend starting by defining your “must-have” features. Think of the things in your home you can’t live without. That’s a great place to start.
June-July: Begin Searching
Use a handy home search tool like ours to begin browsing downtown Boston real estate for sale in your target area. Once you find a home that you like, it’s time to schedule a tour.
August: Fall in Love and Make an Offer
You’ve found the one; now make an offer! Work closely with your agent to compare recently sold homes in the area and craft the perfect offer.
September: Schedule All the Things
Let’s get down to business. It’s time to negotiate with the seller, schedule an inspection, have your real estate agent complete any renegotiation (based on that inspection), and get the home appraised by a professional.
You’ll also have to take care of some more paperwork to finalize your mortgage loan.
October – December: Let’s Start Closing
Next, you’ll start the closing process.
Buckle up, because we’re in it for the long haul! Here’s where you’ll finalize your mortgage approval (this requires a ton of paperwork) and meet with an attorney to set closing dates and sign paperwork prior to closing. This is also the time when you’ll review closing fees and the exact monthly costs for your home.
At the end of it all comes the close. You’ll pay the remaining closing fees, sign all the paperwork, and collect your keys Congratulations! You just bought a piece of Boston downtown real estate that you can call home.
Ready to Begin?
We’re ready to help. Give us a call today to get started.