Some critical mistakes Boston condo buyers make
Boston Condos for Sale & Boston Apartments
Some critical mistakes Boston condo buyers make
The Boston condo for sale buying process is both a science and an art. It requires knowledge, skill and finesse to navigate smoothly through the often rough waters.
If this is your first time buying a Boston condo or an investor, we’ve got you covered. We’ve created a list of the some critical mistakes new Boston condo buyers make when purchasing a condominium.
We hope this information helps you avoid costly mistakes that could have been avoided with a little tact and care.
Lets get started
1. SKIPPING THE HOME INSPECTION
Never give up a home inspection. It may seem expensive but it’s worth every penny in the long-term.
Termite damage, plumbing, mold, mildew and structural issues are the tip of the iceberg when it comes to potential problems you could face. Screen for issues now, save money later.
There has been a growing trend in hot competitive markets to skip the home inspection process as a means to stay competitive. Unfortunately for a lot of Boston condo homebuyers this is a huge mistake and should be avoided at all costs!
A home inspection is a wise investment that will alert you of any and all potential problems and hidden costs so you can make a well-informed purchase decision that won’t break the bank.
2. NOT KNOWING WHAT YOU CAN AFFORD
It’s important to get your finances in order before you start looking for a Boston condo for sale and spend within your means. I know this might not what you want to hear right now. But this one tip alone will save you a lot of time, headaches and money.
Remember:
DO get pre-approved for a loan
DO Budget for your first home
DO Consider additional expenses
3. NOT THINKING ABOUT THE FUTURE
The only constant is change: Did you ever imagine this is where you would be 5 years ago?
Odds are this won’t be your last home. You’ll likely sell it and move on in 7-10 years. Keeping this in mind will help put things in perspective so you can make a better purchase decision in the now.
Having a clear vision of where you are going and understanding that things WILL change will help keep you semi-detached from the emotions that can sweep you away in the heat and passion of buying your first home.
Take a step back and breathe. Consider what your life and future might look like in 7-10 years. Then make the best purchase decision based on that vision rather than present circumstances. Trust us, you’ll be a lot happier in the long run.
4. FORGETTING THAT EVERYTHING IS NEGOTIABLE
Some Boston condo buyers often don’t realize that there is almost always room for negotiation. An knowledgeable agent will help you save directly by negotiating a better price, or indirectly by getting creative with certain concessions, such as repairs or closing costs.
Negotiable | Ford Realty Inc
