I’m not sure who told me this: “Galileo got it wrong. The universe does not revolve around the sun. It revolves around Boston.” I guess it goes without saying that Boston is a hugely popular place to live and a wonderful place to put down roots. If you are new to the market, here are some tips for downtown Boston condo buyers

1. Boston Condo Prices Are Plateauing, But There’s Still Competition for Affordable 1 and 2-Bedrooms

The days of bidding wars are not as plentiful as in days past. But don’t get me wrong one and two bedroom condos in Midtown/downtown Boston are still very attractive to homebuyers.

2. Subletting Is Not So Easy

If you’re thinking of buying a Midtown condo to sublet, you may want to think again. Mayor Walsh is cracking down on short term furnished rentals.

3. Smaller Buildings May Be Slower to Produce Their Due Diligence

Self-managed buildings can sometimes be difficult to work with, There are buildings in Boston that don’t have audited financials, budget records at all, or someone at the ready to provide the board minutes. This is not necessarily a red flag, it just creates more work for you and your lawyer.

4. Cash Buyers Are Out There

Don’t think cash buyers only exist in downtown Boston. They’ve infiltrated all areas of Boston from Midtown to Seaport District..

5. Inspections Are More Important

If you are buying a Boston Midtown high rise condo, a home inspection is a must

 

 

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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