Boston condos for sale, Sellers buyers are willing to compromise in this market:
Inventory issues continue to plague first-time homebuyers while competitive pressures have sparked bidding wars. By the end of August, there was only a two-month supply of housing available for sale, which is a historic low.
Here in downtown Boston, there is a limited supply which is the lowest we have seen since winter/
Same old story. Lots of downtown Boston real estate buyers and few sellers.
In past decades we were able to build our way out of housing shortages. Let’s hope it repeats itself thru 2021
2020 is quite the robust Boston condo seller’s market, especially for Boston condos for sale priced $500k or under. Limited inventory and high demand continue to give way to multiple offers and substantial overbidding. Interest rates are also still very low. If you’re a Boston Seaport condo owner with any near-term plans to move, now is the time to take action.
Reasons for selling your Boston condo
Maybe you have that job relocation possibility in NYC? Or you’ve owned your Boston Beacon Hill condo for the last 20 years and would rather be living in Nantucket? There are plenty of reasons you might be considering a big move, and I’m here to tell you that you should take advantage of the market while it’s still in your favor.
What are buyers willing to compromise on
If your Boston condo for sale requires any type of compromise, buyers are much more willing to make one (or three) in the current market. What are some compromises that buyers in the current market may overlook?
– No parking
– Downtown Boston condo with no yard or outdoor space—or one that backs up to a restaurant.
– Boston condos for sale that’s not near retail or public transportation
– Situated on a high-traffic street
– Boston Seaport condo with particularly limiting condo association restrictions (pets, rentals)
– Awkward floor plan
– Low curb appeal that can’t be easily helped (I’m thinking faux stone, or starters)
– Multi-unit building with low rents and deferred maintenance.
I could go on. But you get the point. Give me a shout/text at 617-595-3712 if you’re ready to talk about your property’s value. I can craft a custom marketing plan that will win over home buyers and convince them that they can work with whatever objections they might have