In Beacon Hill, condos, lofts, and penthouses are extremely popular and often sell quickly. This can be frustrating for some Boston luxury condo buyers who feel they might not have a chance in the market. However, there are a few things that can make you stand out to the seller.
Make a Good Impression at Open Houses
Introduce yourself to agents, be respectful when you are visiting the property, and make more than one visit if there are multiple open houses for a Boston condo for sale. This shows the agent and seller you are committed when you do present your offer.
Get a Preapproval Letter from Your Lender
You need to go beyond just a prequalification. You will get much further when writing offers if you have a preapproval letter, which in most cases requires a form of underwriting from your lender. Once the letter is provided, all the lender needs from you are the details on the property you want to buy. A solid preapproval letter shows the seller you are qualified to move forward with your loan and minimizes the likelihood of a contract falling through due to financing. Because you’ve gone through underwriting already, it also makes for a quicker closing.
Increase Your Earnest Money Deposit
Increase the amount of earnest money necessary for escrow. This decision shows you are committed and serious about purchasing a Boston Beacon Hill luxury condo.
Show Proof of Funds
Though not always necessary, it can be helpful to show you have the necessary funds to provide the down payment. This could put you ahead of others who don’t provide this information in an offer.
Write a Clean Offer
Present an offer with little to no contingencies. Contingencies slow down the closing process and give the buyer the ability to easily back out of a contract. If you feel confident about the current state of the property, consider writing an offer without an inspection contingency. Avoid asking for additional items or add-ons. Keep the terms simple.
If you’d like additional tips on giving yourself an extra edge when shopping for a Boston high rise condo, reach out to us. We can also show you some amazing luxury properties and get you started on the purchasing process. Call 617-720-5454 today to set up an appointment.
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.
Charles River Park
Surrounding Communities of Boston
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.
Ford Realty Inc
137 Charles Street
Boston, Ma 02114