Boston Beacon Hill condos

As Beacon Hill real estate agents, we know full well that buying a Beacon Hill home can be stressful. Fortunately, there’s an easy remedy to nip most of that stress in the bud: Preparation.

Many Boston Beacon Hill home buyers decide they are ready to quit renting, or sell their current home and move into something that works better for them, and then they’re off to the races. Stress is the result, so let’s look at some ways to slow the process down, break it up into stages, and ultimately get the right home for the right price.

1. Know your reasons.

This one’s easy, right? Nobody buys a Beacon Hill home without a good reason. Well, you would be surprised at how many people get into the process without actually defining what it is they want out of a home. Investment? Space to raise a family? Good schools?Better neighbors? Write it down. It will actually impact the Beacon Hill condo you end up buying. If you’re buying a home with another person, this is a conversation the two of you should have, or together with your real estate agent. It’s not a bad idea to write down some goals for your next five, ten and twenty years, and how owning a home fits into those goals (or doesn’t – maybe you’ll be surprised!).

2. The next thing to do is find a great buyers’ agent. 

You may have noticed that I’ve already mentioned a real estate agent — this step can easily be put first. Our job isn’t just to help you buy a Beacon Hill condo, after all. We’re here to help you with your next stage in life, whether it’s becoming a first time homeowner or selling your home so you can travel the world. A great buyers agent knows the area you’re buying in, knows about the types of homes you want (new construction, fixer opportunities, or mid-century moderns), and actually cares that you’re happy with your new home. Check for verified online reviews (Zillow is better than Yelp or Google because most agents are on Zillow and Zillow verifies the home sales, so you know it isn’t their mom on Yelp or Google leaving a review for them). There are other online review verification companies out there, we use one as well and you can browse our verified real estate agent reviews here. Check for additional certificates and designations. This means that your buyer’s agent wants to continually get better and educate themselves on all the nuances of the business, that they have a commitment to being the best buyers representative they can be.

Can you find a great Boston Beacon Hill home without using a real estate agent? Sure. That’s what the internet’s for, right? Will it be the right home for you, will you pay the right price on it, and will the sales contract serve your best interest and not the sellers’? Well, maybe not.

3. Get pre-approved for a loan.

Again, we strongly suggest you ask your real estate agent for their recommendations. Getting a great rate is important, but is only one important consideration, there are others. Good buyer’s agents know the banks that have trouble with closing on time or fail to complete the loan altogether because they don’t property vet buyers in the pre-approval process. In both of those situations you can be stuck in a home sales contract and expected to perform. It can be devastating if your lender fails to issue you a loan or close the sale on time.

Pre-approval is just the first step, but it allows home sellers to take you seriously when you make an offer. “Loan approval” is the next level of confidence from the lender; it means they haven’t just checked your credit score but they’ve also verified your income and given you a more accurate picture of what they can lend.

4. Budget for your home purchase

The amount the lender is offering you is not the amount you can afford. Should I repeat that last sentence? It is very important. Your buyers’ agent can help you factor in the cost of the down payment and closing costs, and set a price range to begin your Beacon Hill home search, but only you know all the elements of your budget and what it will look like and feel like to add in that mortgage cost.

5. Budget for homeownership.

You’ll want to factor in homeownership costs like insurance, maintenance, and increasing property taxes, as well as any other costs that will change when you move to a new city or neighborhood. Everyday expenses could be higher or lower depending on whether you moved into our outside of Portland! Know what you can afford to pay before you fall in love with a home, then realize you can’t afford it.

There is the right home out there for you, at the right price, in the downtown Boston neighborhood you love. Winter is a great and low-key time to start looking. Complete these five steps, and contact our buyers team today!

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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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