Low-ball offers a thing of the past?

The NYT featured an article, “Low-ball Offers a Thing of the Past?”, showcasing the fact that the Real Estate Market received a lot of low-ball offers in the early 2000’s. The numbers of low-ball offers are turning around and buyers are now offering a purchase price closer to the asking price, if not above.

Downtown/Midtown Condos

Low-ball offers were pretty common in the Downtown Boston condo market in the late 190’s thru  early 2000’s.  Fast forward to the present time,  the Boston Downtown condo market is showing that low-ball offers have reduced drastically. A survey completed by the National Association of Realtors state the fact that 10% of Realtors complained about low-ball offers in 2011 compared to no complaints in 2018. One reason could be that Downtown Boston currently has a very stable inventory of Boston high rise condos on the market. Many Boston Midtown condo sellers are trying to price their condos realistically to produce offers close to the listing price. Boston Midtown high rise condo buyers might think that they can get away with a low-ball offer, but it will most likely get rejected, countered or taken out by a competing offer.

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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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