Boston real estate price it right: The first week its listed is important.
Boston Real Estate for Sale
Boston real estate price it right: The first week its listed is important.
There’s one big mistake you need to avoid when placing your Boston condo for sale in 2025: setting your price too high. It might seem like overpricing gives you room to negotiate or could really boost your profit, but the reality is, it usually backfires.
In fact, Realtor.com says almost 20% of sellers — that’s one in five — have to reduce their price to get their house sold. And you don’t want to be one of them. Here’s why starting too high can lead to trouble, and how to avoid it.
Overpricing Pushes Buyers Away
With mortgage rates and home prices where they are right now, buyers are already stretching their budgets to make a move. So, when they see a house that’s priced too high, they’re not thinking, “I can negotiate.” They’re more likely to think, “next” and skip over your house entirely. An article from the National Association of Realtors (NAR) explains:
“Some sellers are pricing their homes higher than ever just because they can, but this may drive away serious buyers . . .”
And if they skip over your listing, you’ll miss out on the chance to get them through the door. That’s the last thing you want because fewer showings mean fewer chances to receive an offer.
The Longer Your Boston Condo for Sale Sits, the More Skeptical Buyers Will Get
Here’s the other issue. An overpriced condominium tends to sit on the market longer. And the longer a Boston Seaport condo for sale lingers, the more buyers start to wonder what’s wrong with it. Is there a problem with the house itself? Are you difficult to work with? Even if the only issue is the price, that extra time creates doubt. As U.S. News says:
“. . . setting an unrealistically high price with the idea that you can come down later doesn’t work in real estate . . . A home that’s overpriced in the beginning tends to stay on the market longer, even after the price is cut, because buyers think there must be something wrong with it.”
At that point, you’ll have no choice but to lower your price to drum up interest. But that price reduction comes with its own downside: buyers may see it as another red flag, that there’s an issue with the house.
The Key To Finding the Right Price for Your Boston Condo
So, what’s the secret to avoiding all these headaches? It’s simple. Work with a local real estate agent who knows the market inside and out, and who’s going to be honest with you about how you should price your house.
You don’t want to partner with someone who just agrees to whatever number you throw out there. That’s not an expert who’s going to get you the best results.
You want an agent who recommends a price based on their expertise. The right agent will use real-time data from your local market to help you land on a price that makes sense — one that grabs attention, attracts buyers, and still helps you walk away with a great return. Someone who has been there and done that – and done it well. That’s the agent you want to work with.
Boston Condos for Sale and the Bottom Line
Remember, if the price isn’t compelling, it’s not selling. Instead of shooting too high and scaring off buyers, work with a local agent who knows how to price it right.
Connect with an agent to make sure your house hits the market with the right price, gets noticed, and gets sold.
Call today!
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Ford Realty is located at 137 Charles Street in Beacon Hill
Byline – John Ford – Boston Seaport Condo Broker 2025.
Boston Condos for Sale and Apartment Rentals
Ford Realty Inc., Boston Real Estate for Sale
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Updated: Boston Real Estate 2025
Boston real estate price it right: The first week its listed is important.
Over the last year, the housing market’s gone through significant change. While it’s still a Boston condo’s sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:
“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”
In today’s market, how you price your Seaport condo for sale will not only make a big difference to your bottom line, but to how quickly your condo will sell.
Why Pricing Your House Right Matters
Your asking price sends a message to potential buyers, especially today.
If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.
If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to drive interest when your house sits on the market for a while. But be aware that a price drop can be seen as a red flag by some buyers who will wonder what it means about the home.
To avoid either headache, price it right from the start. A real estate professional knows how to determine the ideal asking price. They balance the value of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This helps lead to stronger offers and a greater likelihood your house will sell quickly.
The visual below helps summarize the impact your asking price can have:
Boston Condos and the Bottom Line
Homes priced at the current market value are selling faster and at a better price right now. To make sure you price your house appropriately, maximize your sales potential, and minimize your hassles, let’s connect today.
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Boston real estate price it right: The first week its listed is important.
If you’re about to list your Seaport or Chares River Park condo, you should know that there are pretty much two ways the offer situation will go. If one or more buyers are going to write offers for more than asking, those offers will happen within the first few days. After that, it’s likely buyers will write for at or below asking.
That’s why sellers need to seize the day when it comes to considering offers in that brief window of time directly following the on-market date. The motivated, ready-to-buy Boston condo buyers will be scheduling appointments immediately, not waiting for the weekend. If you have multiple buyers requesting disclosure packages, it’s probably a good idea to set an offer date. Your agent needs to be on top of the proceedings, helping you make that game-time decision about offer timing.
If a week passes and you have no solid offers, it’s going to be an uphill climb to get a price that’s more than the list price. Buyers are running around knocking ten percent off the list price after a property remains on the market after its initial splash. This is particularly true for downtown Boston real estate; inventory and starting to increase like in Beacon Hill, and buyers can be picky.
So have a realistic sense of what your downtown Boston condo is worth and perhaps price it a bit lower than your target price.
