It’s a good time to get familiar with the basic costs involved when you sell your Boston condo. Many Boston condo owners have just put their properties on the market, and many more will follow suit between now and mid-summer. Having a solid grip on what it will cost you to sell is important as you plan your move.

Here are the primary costs you can expect when you sell your home:

1. Broker commissions. The seller agrees to pay broker commissions, which are typically 3-5% of the sale price. The total amount is split between the listing and buyer broker, with the agents getting paid according to whatever split they’ve arranged with their company. So the commission is divided, ultimately, four ways.

2. Transfer tax. The city and county transfer tax rate is $6.80 per thousand dollars for properties of up to $1M, and $7.50 per thousand dollars for homes that sell between $1M-$5M.

3. Reports and inspections. It is customary for the seller to provide a building permit history ($160) and natural hazard report ($125). Sellers also need to have a water/energy conservation inspection, and have any compliance work done by close of escrow. This cost can range up to $1800, depending on what you need done. (It’s usually a lot less than that for a condo.) You may also want to include general contractor ($750 average price) and termite ($500-$700) reports, which give buyers a heads up on big-ticket items that may end up being negotiable during escrow.

4. Prep work and staging. If you’ve been living in the property a while, you’ll probably want to consider painting, doing minor repairs, floor refinishing/carpet replacement, yard clean-up, staging, move-out cleaning and staging. Depending on the size of your home and what needs to be done, costs vary. I have a team in place for these activities and personally coordinate getting estimates and having the work done.

I’m currently in the process of signing up listings and coordinating marketing schedules, and would be happy to talk with you about bringing your home on the market this Spring or summer. We can work through all the details and pave a surprisingly quick and easy path to coming on the market and closing your sale. Just contact me at 617-595-3712 or at realtyford@yahoo.com

Contact me to set up an appointment to start your Boston condo buying process

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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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