Thinking about buying Boston condos for sale to fix up and sell? Here’s what you need to know

In today;s Boston condos for sale market, the fix and flip in the Boston North End condo market is still going is still going strong, with many contractor-developers jumping into the game for a quick flip.

Boston condos for sale for the Fixer uppers

There are generally two categories of what you’d call “fixers” in the Boston North End condo market. The first is the contractor special—not habitable, needs an entire rehab and everything in between. Then there’s the habitable Boston condos for sale with a funky floor plan and bedroom expansion potential that could be transformed into someone’s dream Boston North End condo

Boston condos for sale that are fixers come on the market fairly regularly. But they aren’t for the faint of heart or inexperienced buyers. If you’re going to pursue a fixer, it’s good to know what to expect.

Here are some important things to know:

The more expensive the neighborhood, the higher the price will be. 

Fixers often time show up on Boston luxury condo neighborhoods like Beacon Hill, Boston’s North End, or Charles River Park, and Boston Downtown. It’s often not about what the Boston condo for sale looks like now, but it what it can become. 

The most popular fixers are Boston condos for sale with views.

 If you’re looking to buy a Boston Beacon Hill condos with park views, you’ll have plenty of company when you submit your Offer.. Expect that multiple buyers will jump at the opportunity to be in that location and create their dream Boston Beacon Hill condominium

There are typically multiple offers on Boston condos for sale fixers

Most Boston condo fixers attract a combination of buyers aiming to do their own renovation and owner occupy, and contractor/developers looking to renovate and flip. 

Cash sales and no contract contingencies are common in the fixer market. 

The steeper the competition, the more likely that the prevailing buyer will have no sale conditions—such as financing and inspections—and will pay in cash.

Expect to pay well over the list price.

Like many Boston condos for sale, sellers and agents price fixers well below their target sale price. Make sure you’re factoring in overbidding if you expect to compete.

 

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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