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Homebuyers turn to Google to answer their home buying questions. We have the answers to your questions
In this hot Boston real estate market home buyers have a lot of questions and many are turning to Google for the answers. In this blog post, we have answers to your questions regarding buying a Boston condo for sale.
Boston Condo buyers most asked questions?
Why are Boston condo prices so high?
Simple economic factor or supply and demand. In addition, construction costs are at a record high for new construction.
What is the average price of a downtown Boston condo for sale in 2021?
The average list price is $1,591,481. The average sales price for a downtown Boston condo in 2021 $1,136,184
How do I get ready to buy a Boston condo?
- Start saving early.
- Decide how much home you can afford.
- Check and strengthen your credit.
- Explore mortgage options.
- Research first-time homebuyer assistance programs.
- Compare mortgage rates and fees.
- Get a preapproval letter.
- Choose a real estate agent carefully.
How do I buy a home without selling my Boston condo?
1. Using home equity on your home or the new house for the down payment
2. Taking a loan from your 401(k)
3 .Getting a gift to buy a new home while selling yours
4. Putting down less than 20%
Can I use my 401k to buy a Boston condo for sale?
Yes. However, Dipping into your 401k will cost you penalties and taxes.
What are home values near me?
Home values in the downtown Boston area are about $1,000 per sq ft and above in 2021
Are real estate prices up from last year?
Nationally real estate prices are up 13% nationally from last year.
