Earlier today I was speaking with a Josh, a lender friend of mine, about Owner Occupancy Ratios and how they effect the purchase of a Downtown Boston real estate in particular Boston condos for sale. Before I dive into what I learned from this conversation, allow me to define Owner Occupancy Ratio (OOR).

Owner Occupancy Ratio (OOR)

The Owner Occupancy Ratio is the ratio of homeowners in a specific Boston condo community who use their condo as a primary residence. For example, if your condo community has 100 units and 67 are owner occupied, you have a 67% OOR… seems easy right?

Where OOR can effect the purchase or sale of your Downtown Boston real estate is in cases where the OOR drops below 51%. In these cases, the condo buildiong now has more “non-owner occupied” units than “owner occupied.”

Boston condos for sale under 51% OOR

There are a lot of factors that come into play when you have a Beacon Hill condo building under 51%, but the BIG TAKEAWAY from our conversation is that it hurts getting financing but you do have financing options if the home is your primary residence. Only if the purchase is your 3rd or greater property will a lower than 51% OOR effect you. 


For more information about Owner Occupancy Issues, or purchasing a Downtown condo in general, please feel free to contact us. We look forward to helping you find your dream Boston downtown real estate home.

Boston downtown real estate for sale under $2M

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Author Profile

John Ford
John Ford

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.


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.


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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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