In downtown Boston, condos, lofts, and penthouses are extremely popular and often sell quickly. This can be frustrating for some buyers who feel they might not have a chance in the market. However, there are a few things that can make you stand out to the seller.
Make a Good Impression at Open Houses
Introduce yourself to agents, be respectful when you are visiting the property, and make more than one visit if there are multiple open houses. This shows the agent and seller you are committed when you do present your offer.
Get a Preapproval Letter from Your Lender
You need to go beyond just a prequalification. You will get much further when writing offers if you have a preapproval letter, which in most cases requires a form of underwriting from your lender. Once the letter is provided, all the lender needs from you are the details on the property you want to buy. A solid preapproval letter shows the seller you are qualified to move forward with your loan and minimizes the likelihood of a contract falling through due to financing. Because you’ve gone through underwriting already, it also makes for a quicker closing.
Increase Your Earnest Money Deposit
Increase the amount of earnest money necessary for escrow. This decision shows you are committed and serious about purchasing the property.
Show Proof of Funds
Though not always necessary, it can be helpful to show you have the necessary funds to provide the down payment. This could put you ahead of others who don’t provide this information in an offer.
Write a Clean Offer
Present an offer with little to no contingencies. Contingencies slow down the closing process and give the buyer the ability to easily back out of a contract. If you feel confident about the current state of the property, consider writing an offer without an inspection contingency. Avoid asking for additional items or add-ons. Keep the terms simple.
Boston condos for sale near Beacon Hill
Back Bay Boston condos
Beacon Hill Boston condos
Charlestown Boston condos
Navy Yard Charlestown Boston condos
Dorchester Boston condos
Fenway Boston condos
Jamaica Plain Boston condos
Leather District Boston condos
Midtown Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos
Waterfront new condos
North End new condos
West End new condos
East Boston condos
Condos around the Beacon Hill area to rent:
Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent