Boston downtown real estate may not be the most affordable housing market in the country, but a seasoned real estate agent can help you find reasonably priced listings in the downtown districts. On the other hand, If you’re looking put up a Charles River Park condo for sale in downtown Boston, an experienced agent will know how to create a bidding war situation whereby the buyer with the deepest pockets wants to get to the closing table as soon as possible. When dealing with inexperienced agents, there’s always a risk of buyers not finding what they want and sellers not getting the most from their Boston downtown real estate. Here are four situations that may arise when your agent lacks experience or don’t specialize in niche market segments such as condo units.

Missing Details

Going through every purchase contract with a fine-toothed comb is something seasoned Boston downtown real estate agents take pride in doing, even if they have to stay up late at night or spend part of their weekends doing so. A missed provision or even an error can affect the bottom line of a Beacon Hill real estate transaction. For example, a buyer may agree to a listed price as long as the seller contributes up to 4 percent of the proceeds toward closing costs. If such a provision is misunderstood and ultimately included in the contract, the seller could end up with thousands less than expected.

Lacking Resources or Connections

Boston downtown real estate transactions can be halted by several roadblocks, which is something seasoned agents know and are also prepared to deal with. Let’s say you’re applying for mortgage financing after signing a contract but the bank refuses to continue with the loan process until an old mechanic’s lien is cleared. Experienced agents who have previously dealt with these matters may have contacts and know law firms that can clear the lien. Other agents may just hope the issue goes away on its own.

Not Being Fully Invested

Boston real estate agents who mostly rent Beacon Hill real estate or are fresh out of real estate school are more likely to play the odds, meaning they’ll take on as many listings as possible because at least one of them is bound to close someday. Experienced agents will only take on listings they believe have a good chance of closing, and they’ll put their own money to work by paying for special marketing.

Misreading the Market

Prospective real estate investors will never work with inexperienced agents because they risk misinterpreting market signals. If you’re viewing a Boston condos for sale that’s next to an old building that needs to be renovated, your agent should be able to conduct research and give you a good estimate as to when the project will be completed. Otherwise, you may not be able to make a strategic decision as to when you should acquire and list the property for a flip transaction.

Whether you’re looking to sell or buy a Boston downtown real estate in one of the downtown districts, you need to work with experts broker. Please feel free to contact us at 617-595-3712.

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  • For more info call Janet Lamb or John Ford at 617-595-3712

Author Profile

John Ford
John Ford
EXPERIENCE

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.



HISTORY

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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
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.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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