If you’re a Charles River Park condo shopper, you probably keep your eyes peeled on the internet looking For Sale By Owner.

Of course, you probably already know that a For Sale By Owner, or FSBO (say it: “fizz-bo”), is a Charles River Park condo being listed without a Boston real estate agent working on behalf of the seller. According to the National Association of Realtors, the number of home sellers listing without the benefit of a real estate agent has actually declined over the past two decades, but those stubborn DIY-ers still represent about a small portion of Charles River Park condo sales.

Are FSBOs something to look for, or to look out for? Neither, really. However, there are some special issues to consider if you want to make on offer on a Boston condo for sale that’s for sale by owner.

Why Do FSBO?

People typically list a Charles River Park home without a real estate agent for two reasons: To save money on commissions or to avoid disclosing information about the home or property.

The first reason sounds innocuous, but if the seller is unwilling to adjust their price to accommodate their agent’s fees, it probably means that they’re going to be just as inflexible with potential buyers. Also, without a real estate agent to help them “manage expectations” based on actual market conditions in their Portland neighborhood, many sellers will have inflated prices to begin with.

The second reason  for FSBOs is the one that keeps real estate agents up at night. Any number of details could be kept out of sight of potential buyers. This could range from liens placed on the property to future assessments.. Buyers must tread very carefully, ask for sellers disclosures, and make sure they have a solid home inspection.

Boston Buyer’s Real Estate Agent

Thankfully, using a buyer’s agent is a great way mitigate both of these issues, and many for sale by owner sellers will agree to pay the buyer’s agent’s requested commission. This will also be a good indication that the seller is willing to negotiate on the price. Your buyer’s agent will do a comparative market analysis to ensure that the price the seller is asking is fair for the dream Charles River Park condo 

A buyer’s agent can also recommend appropriate home tests and help you find the best home inspector to unearth any potential problems. Finally, they’ll help you through the paperwork involved in actually purchasing the Charles River Park home, ensuring that everything goes down legally and that the deal closes without any unpleasant surprises.

Conclusion

So please, use a buyer’s agent whether you’re buying a Boston condo for sale represented by another Realtor for Charles River Park or by the seller. You’ll be glad you did

Charles River Park Condos for sale 2019


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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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