The present Boston luxury condo market provides several distinctive opportunities for first-time home buyers and for those moving up into the luxury market. Starting with the still historic low interest rates (although inching up), coupled with the current economic environment is creating a fresh wave of new Boston condominium buyers that may not have previously considered the possibility.Here are 5 tips for first time condo buyers and a refresher course for those moving up to the Boston luxury condo market:
1. Investigation: Do your homework before you buy and be sure to review the closing statistics of similar Boston condos in the neighborhoods you are considering. Search the internet, including this website and social media internet sites, in order to get as much critical information as possible concerning residences that appeal to you and the communities in which they’re found.
5. Inspection and appraisal: Obtain a home inspection primary to be able to weed out just about any hidden problems, such as mold or harmful termites. It is the single most primary piece of due diligence that you can conduct during your investigation period and before removing contingencies.Using the services of a competent agent is essential for Boston luxury condo buyers, but especially first-time home buyers. Make sure the Realtor you decide on is experienced, knowledgeable and a local expert on the areas you’re looking at. For more information, e-mail me at [email protected]. You can also contact me via cell at 617-595-3712.
Updated: 1st Quarter 2018