Boston Real Estate for Sale

As a Beacon Hill buyers agent, it’s becoming more and more common for my clients to ask about what it would take to start “flipping condo.” Flipping a house is generally considered to be buying a fixer-upper type (usually a distressed sale) home for well below market value, doing the necessary repair work/upgrades, and then reselling for a profit. While this process sounds pretty straight forward, there is a lot that goes into a “flip” that you need to be aware of.

1. Multiple Offers

Usually, when buying a distressed property (Short Sale/Bank Owned REO), there is a lot of competition from other investors. Investors bring all cash offers with quick closing times to the table. These favorable terms often mean that a “normal” buyer will have no chance at the home. The presence of “multiple offers” can also trigger a “bidding war” in which investors will offer above the list price in order to secure the deal.

2. Hidden Work

While you can determine from photos and open houses what kind of cosmetic work needs to be done, it takes a full property inspection to uncover “hidden work” that can devastate a repair budget. Leaky roofs, termites, dry rot, and a cracked foundation are all examples of “hidden work” that could be uncovered during a property inspection. The problem is that you cannot perform a property inspection until after you’ve been selected as the highest offer.

3. Resale Comps

Even the most beautifully remodeled home will sit vacant if its overdone compared to its neighbors. One of the most famous rules in real estate is, “Look for the cheapest home in an expensive neighborhood.” Too many people flipping a house do the opposite and do an expensive remodel to a home and try and resale in a neighborhood that doesn’t support its value. Therefore, making it the “most expensive home in a cheap area.” Make sure to look at what has sold on the same, or neighboring, streets within the last 90 days. “Model Matches” (same Bd/Ba/Sq Ft) are the best comps. For more information on flipping a house, or if you’re looking for information on distressed properties in downtown Boston, feel free to contact us anytime.

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58 Results
4
Beds
3 | 1
Baths
4,300
SqFt
(42)
 
 
#72826115 | Condo
 
4
Beds
3 | 2
Baths
5,438
SqFt
 
 
#72791203 | Condo
 
4
Beds
3 | 1
Baths
3,640
SqFt
 
 
#72727313 | Condo
 
3
Beds
4
Baths
3,300
SqFt
 
 
#72736800 | Condo
 
3
Beds
3 | 1
Baths
3,392
SqFt
(39)
 
 
#72647898 | Condo
 
3
Beds
3 | 1
Baths
2,896
SqFt
 
 
#72787375 | Condo
 
4
Beds
3 | 1
Baths
3,828
SqFt
(27)
 
 
#72803318 | Condo
 
3
Beds
2 | 1
Baths
3,152
SqFt
 
 
#72786999 | Condo
 
4
Beds
3 | 1
Baths
3,752
SqFt
(42)
 
 
#72724787 | Condo
 
3
Beds
3 | 1
Baths
2,831
SqFt
(40)
 
 
#72791266 | Condo
 
3
Beds
3 | 1
Baths
2,874
SqFt
 
 
#72787389 | Condo
 
2
Beds
2 | 1
Baths
2,530
SqFt
 
 
#72791762 | Condo
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at May 17, 2021 7:22 AM ET

Newest Beacon Hill Condos for Sale

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26 Results
3
Beds
1
Baths
764
SqFt
 
 
#72832594 | Condo
 
2
Beds
1
Baths
871
SqFt
(26)
Open House: May 17, 2021 12:00 PM - 1:00 PM
 
#72832055 | Condo
 
1
Beds
1
Baths
438
SqFt
 
 
#72831915 | Condo
 
1
Beds
1
Baths
285
SqFt
 
 
#72830507 | Condo
 
1
Beds
1
Baths
385
SqFt
 
 
#72829792 | Condo
 
0
Beds
1
Baths
431
SqFt
 
 
#72829103 | Condo
 
1
Beds
1
Baths
806
SqFt
 
 
#72828362 | Condo
 
1
Beds
1
Baths
574
SqFt
 
 
#72827259 | Condo
 
1
Beds
1
Baths
508
SqFt
(17)
 
 
#72826190 | Condo
 
2
Beds
1
Baths
405
SqFt
 
 
#72824476 | Condo
 
1
Beds
1
Baths
542
SqFt
 
 
#72822302 | Condo
 
1
Beds
1
Baths
619
SqFt
(11)
 
 
#72818309 | Condo
 
2
Beds
1
Baths
635
SqFt
 
 
#72818076 | Condo
 
1
Beds
1 | 1
Baths
642
SqFt
(19)
 
 
#72815323 | Condo
 
1
Beds
1
Baths
535
SqFt
 
 
#72810563 | Condo
 
2
Beds
1
Baths
918
SqFt
Open House: May 22, 2021 11:00 AM - 12:00 PM
 
#72809379 | Condo
 
1
Beds
1
Baths
444
SqFt
(9)
 
 
#72795585 | Condo
 
2
Beds
1
Baths
914
SqFt
 
 
#72794848 | Condo
 
1
Beds
1
Baths
645
SqFt
 
 
#72794140 | Condo
 
1
Beds
1
Baths
726
SqFt
(23)
 
 
#72792725 | Condo
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at May 17, 2021 12:33 PM ET

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New Beacon Hill Apartments for Rent

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33 Results
7
Beds
4 | 5
Baths
6,754
SqFt
 
 
#72831810 | Rental
 
4
Beds
4 | 3
Baths
5,196
SqFt
 
 
#72828678 | Rental
 
4
Beds
3 | 1
Baths
3,000
SqFt
(24)
 
 
#72832292 | Rental
 
2
Beds
1
Baths
663
SqFt
 
 
#72828389 | Rental
 
1
Beds
1
Baths
619
SqFt
(17)
 
 
#72831861 | Rental
 
1
Beds
1
Baths
663
SqFt
 
 
#72828393 | Rental
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at May 17, 2021 12:33 PM ET

Beacon Hill Apartments for Rent

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157 Results
4
Beds
4 | 1
Baths
3,667
SqFt
(25)
 
 
#72795350 | Rental
 
7
Beds
4 | 5
Baths
6,754
SqFt
 
 
#72831810 | Rental
 
5
Beds
3 | 1
Baths
3,225
SqFt
 
 
#72781160 | Rental
 
4
Beds
3 | 1
Baths
5,000
SqFt
 
 
#72752089 | Rental
 
4
Beds
4 | 3
Baths
5,196
SqFt
 
 
#72828678 | Rental
 
4
Beds
3 | 1
Baths
3,000
SqFt
(24)
 
 
#72832292 | Rental
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at May 17, 2021 12:33 PM ET

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