Steps in buying downtown Boston real estate

Pre-Approval

While knowing how much you can afford is the first step,Beacon Hill condo sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after Boston condos for sale that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the Midtown condo you’re interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.

List of Needs & Wants

Make two lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family,  if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.

Representation by a Professional

Consider having your own Boston real estate broker represent you, one who is working for you, the buyer, not the Back Bay condo seller.

Focus & Organization

In a convenient location, keep handy the items that will assist you in maximizing your Boston condo for sale search efforts. Such items may include:

Are the rooms laid out to fit your needs? Is there enough light?

Be Objective

Instead of thinking with your heart when you find a Seaport condo, think with your head. Does this home really meet your needs? There are many houses on the market, so don’t make a hurried decision that you may regret later.

Be Thorough

A few extra dollars well spent now may save you big expenses in the long run. Don’t forget such essentials as:

Bottom Line