Picky, picky, picky

Boston Condos for Sale and Apartments for Rent

Picky, picky, picky

During covid, Boston condo for sale buyers were forced to live with everything. Bidding wars with no rules of engagement, paying way over list price, having to buy the home as-is and tolerate 1-2 months of free rent –  plus the buyers were generally treated like they should feel lucky to get the Boston condo

Boy, is it different now.

Today, buyers are looking for any reason to stay on the fence.

I think it’s why the market will be slow for weeks or months at a time, then all of a sudden condominiums  will go under agreement. Boston home buyers hold out as long as they can, but at some point they realize there are no perfect homes and they have to live with something not to their liking.

Here’s my challenge to buyers and buyer-agents everywhere.

Live with just one thing.

It’s all too common for today’s Boston condo buyers to search every home for something wrong, and then throw their hands up and declare, “Ok, I found something I don’t like – on to the next home.”

Recognize that there are no perfect homes and you have to live with something you don’t like.

If you are looking hard and can only find one thing, it’s probably the Boston condominium for you!

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Picky, picky, picky

The loss of the $8,000 federal tax credit has obviously hurt the real estate market, but picky buyers are also slowing down sales.

One can’t blame buyers too much. It’s the market. If sellers have to jump through hoops to make a sale, then it’s jump through hoops to make a sale.

But sometimes buyers demand that every item on an inspector’s list has to be fixed before a sale is completed, as if a 100-year-old home is supposed to be picture perfect before moving in. That’s beyond jumping through hoops. It’s unrealistic.

Bottom line: Buyers end up losing out on potentially good deals if they ask for too much.