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Boston condos for sale in 2021 myths you should know

Boston Real Estate 2021

Boston real estate 2021

There are many Boston real estate myths. We understand that buying or selling a downtown Boston condominium is a big decision and we want to help clarify myths to help alleviate some stress in the Boston real estate buying and selling process.

Boston Real Estate Home Inspections

A Boston real estate home inspection isn’t a pass or fail grade. The point of an inspection is to assess the condition of the Beacon Hill condo or any property for that matter. The inspector will write up a summary after inspecting the property which will include any issues the home has and the age of key systems, such as plumbing & heating, the roof, etc.

You should price a Boston condo high to leave room for negotiations.

This is not true. In fact, pricing a Boston Seaport condo too high when first putting it on the market can hurt your chances of selling it, If you work with an agent they pull comparable homes to help gauge what other homes of similar features sold for. If buyers think it is overpriced your Boston Back Bay condo it will sit on the market, and Boston condo buyers will wonder why it has been on so long and you will need to lower your asking price.

Boston Real Estate Agents are all the Same

Like any profession, we have some good agents and bad ones. Even though the Boston real estate sales process of a transaction is the same,  an agent’s approach, ability to negotiate and be flexible, their responsiveness, the resources they have, and the preferred lenders and attorneys they work with make certain agents invaluable to the home buying or selling process.  You should check our Boston real estate website to see if it’s up to date, also check out the companies or agents Google Reviews

Boston Real Estate Listing Broker can get you a Better Price

Many think this is the ideal situation when buying a Boston condo for sale. While the listing agent needs to honest and fair to both parties they still need to represent the seller’s best interest. A listing agent will likely not negotiate the price down with the seller they’re representing just for a random buyer that they’re not representing.  Buyer’s agents represent the buyer’s best interests.

Getting Pre-Approved Is Done After Finding Your Perfect Home

No. One of the biggest reasons you should get pre-approved BEFORE looking at a Boston high-rise condo is to help determine your price range. You don’t want to be wasting your time looking at houses you can’t afford. 

 A“For Sale By Owner” Saves You of Money

FSBO’s will not save you money. There are many moving parts to selling a home, while we would like to think it’s as easy as putting signup and receiving an offer. Sellers could actually lose money because they don’t have the skills, knowledge, or trusted vendors.  Same with buyers considering buying an FSBO.  Pricing on the home may be off-kilter with the rest of the comps in the market.

You Should Renovate your Kitchen or Bathroom before You Sell Your Condo

If your bath and kitchen look and work just fine there is no need to remodel it. If you feel as though it may not be updated enough you should adjust the price accordingly. Remember, everyone has their own taste and like to put their personal touches on a home.

The Less Commission You Pay to Sell, The More you Make

This could not be further from the truth. First off, you get what you pay for. Agents who lower their commission typically do not have the means or resources to sell your home properly. If you think of it this way, a discounted commission doesn’t mean anything if your price is 10% lower than you would have gotten by a Realtor who actually knows what they are doing and has a higher commission.

Boston Real Estate and the Bottom Line

We understand how big of a decision it is to decide to buy or sell your condo and want to arm you with as much correct information as we can.  Be sure to contact us today if you’re interested in getting started.  We will help in any way we can!

Boston Real Estate for Sale

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