Ideas on how to make a Boston condo offer.

You and your Boston real estate agent found the perfect Boston condo in the right neighborhood. The asking price is in your budget, but you know you’re in a competitive Boston condo market. So what should you do!

Fortunately, Freddie Mac covered “4 Tips for Making an Offer” in their Executive Perspective. 

Here’s our short summary of what we would recommend that you and your broker should do.

1. Can you afford the monthly payment.

This is important, there purpose of submiiting an offer unless you have been pre-approved by a banking institution. This will allow you to submit an offer with confidence that the bank will ok it. Also it helps when submitting an offer on a Boston condo that you include a pre-approval letter.

Don’t hesitate

Presently, the Boston condo inventory is low at this time of year, as many sellers don’t market their properties until the spring. So if you see a property act fast. In addition, keep all contingencies in the offer (ie home inspection) within a few days or weeks. Sellers don’t like long contingency dates.

Your Offer must be strong.

Freddie Mac offers this advice to help make your offer the strongest it can be:

“Your strongest offer will be comparable with other sales and listings in the neighborhood. A licensed real estate agent active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer based on their experience and other key considerations such as recent sales of similar homes, the condition of the house and what you can afford.”

If your buying your first Boston condo and would like to hear more about our Boston Buyer Agency services (free of charge) please call our office at 617-720-5454.

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Updated: December 2017

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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