This is the time of year that has Boston condo buyers and home sellers alike excited: March and April is almost here….that means…. The Spring Home Buying Season!
For Boston condo buyers, it’s a great time to purchase a Beacon Hill condo or Charles River Park condo because the cold, snowy weather is almost gone. For sellers, it’s a great chance to reach a lot of home buyers as they navigate the market searching for their dream home.
In preparation for the upcoming 2020 spring home buying season, I wanted to share with you some tips on how you can shop smart as a home buyer. Enjoy!
4 Home Buying Tips for the Spring Market
Don’t just rely on the Internet for your home searches.
While you can certainly find a treasure trove of information on the Internet, it’s not the only way to find your Boston midtown condo for sale. In addition to searching downtown Boston real estate websites, you might consider also getting out and canvassing homes for sale the old fashioned way. After all, Internet pictures and listing information only tell part of the story. For full context, you need to view the Boston high rise condo in person. And don’t hesitate, either. This year’s spring Boston condo for sale buying market is expected to be particularly competitive and so you want to make sure you get to that home before other buyers do.
Learn about current market values in trend.
Obviously, every market is going to be slightly different and so it behooves you to lean about your local downtown Boston real estate market specific trends.
Lock in low mortgage rates now
Our low interest rates won’t be around forever. Thus, make sure you get a good mortgage rate now. By doing so, you ensure that your monthly mortgage will be reasonable for you. And in some cases, you may qualify for a larger or more Boston luxury condos for sale thanks to low mortgage rates.
Keep “Sweeten-the-Deals” Strategies in Your Back Pocket
As previously mentioned, this is going to be a competitive spring Boston condo for sale buying season. In other words, you may face a bidding war. So to prepare, consider ways that you can sway the seller in your favor. You might also consider foregoing certain contingency clauses. Contingencies are stipulations that allow buyers to get out of contracts. These include appraisals, home inspections and financing contingencies. By removing such contingencies, you’re likely to impress the Charles River Park condo seller enough to want to accept your offer. However, consult with your downtown Boston real estate broker before doing this. Major risks are involved.
We hope you found the above information helpful as a prospective home buyer. Please make sure to check back here soon for even more tips that will help you as you navigate the market!
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