Boston Condo Buyer's Market, Selling My Own House & Appraisal Traps | Bad Deals Only Ep. 14
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Boston just tipped into a condo buyer's market, and this week Seth put his own house on the market to prove a point.
In Episode 14, Boston real estate agent Seth Williams and real estate attorney Nick Nardone break down what a buyer's market actually looks like on the ground in Boston, why "it's my house" pulled real buyers out of the woodwork, and the appraisal contingency that is quietly hiding inside every mortgage contingency.
In this episode:
- Why Boston condos have tipped into a full-blown buyer's market, price band by price band
- Selling my own house: closing stress and why Seth broke his rule about representing himself
- How a listing video that said "it's my house" produced three seller appointments and real buyer inquiries
- Buying another off-market four-unit with a private-money rehab loan and a residential refi
- Mortgage rates moving the wrong way, plus a 5.375% seven-year ARM
- Attorney hot seat: who pays for a condo gas leak, the association or the unit owner?
- The appraisal contingency hiding inside your mortgage contingency, and how to write LTV into an offer
- Overrated or underrated: use-and-occupancy agreements, extended-coverage title insurance, and Qualia
Chapters:
00:00 Intro 00:44 Seth's hernia surgery saga 08:40 Seth's ruptured appendix and a 20-year cover-up 10:48 Selling my own house and breaking the self-representation rule 14:00 Why "it's my house" brought buyers out of the woodwork 18:50 Buying another off-market four-unit 21:35 Mortgage rates turn the wrong way 25:50 The Fed, fear-mongering, and reading the market yourself 28:00 $189M for Boston school busing 34:20 Hot take: Boston condos are a buyer's market 41:15 Attorney hot seat: who pays for a condo gas leak? 46:20 The appraisal contingency inside your mortgage contingency 56:44 Put it in the offer: controlling the deal 73:00 Overrated or underrated: use and occupancy, title insurance, Qualia 76:49 Wrap
Hosted by Seth Williams, a Boston real estate agent and owner of Reference Real Estate, and Nick Nardone, a Massachusetts real estate and condo attorney. Work with Seth and the team at sellinboston.com.
Bad Deals Only is for entertainment purposes only and is not legal, financial, or real estate advice. Consult a licensed professional before making any real estate decision.