A Boston condo downpayment is a type of payment made with a check during the onset of purchasing a Boston property.
The payment typically represents only a perentage of the full price; one is for $1,000 when you sign the Offer to Purchae, the second is due at the Purchase & Sales Agreement typically between 5% – 20% of the accepted price.
The buyer, makes financing arrangements with a bank/mortgage company for the balance, it can also be made in cash.
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For more information please contact one of our on-call agents at 617-595-3712.
Updated: 1st Q 2018