Downtown condo home sales delayed? This is a question that Downtown Boston real estate professionals and buyers really did not pay too much attention to a while ago. Now, this is something that definitely is of concern. Why is this happening? Bad comps s are some of the reasons that this has been happening.

Around 1/3 of real estate professionals have reported that appraisals have delayed their sales process. The cancellations and renegotiations to lower the sales price point is up as high at it has ever been. New Boston  luxury high rise condo are some of the reasons that this has been happening even though appraisers are supposed to be comping the nearby Boston condos for sales. So basically when an appraisal comes in at a lower than asking price the lenders can offer less financing for the Boston condo. As a result, this means that buyers and sellers usually have to come out of pocket to make up this difference.

If you are in the market for buying or selling your Downtown Boston Condo or a Boston Midtown high rise condo  we urge you to prepare yourself. Do your homework on the sales in Downtown Boston, have your own appraisal done and putting protection clauses in the contract are just a couple of the ways that you can prepare yourself so this doesn’t happen to you.just a few of these steps and some homework could end up saving you thousands.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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