Buying a Condo in Somerville, MA

Buying a condo in most parts of Somerville will likely mean a high competition environment where you are competing with at least a few offers and in many scenarios 5-10+ offers, potentially with some cash offers thrown in. 

In order to have a chance to win the condo you actually want, I highly recommend you work with an agent who lives and breathes the Somerville market. Someone who understands where properties are likely to land and what sort of terms you’ll need to offer to get to the top of the line in a multi-offer situation. 

Another aspect that you must consider when buying a condo in Somerville is the various parts of Somerville. Some parts of Somerville are what I call “mature” meaning they are at or near peak in terms of buyer interest. Other areas are trending upwards and I see a lot of long-term upside as these areas gentrify. And still other areas seem to be flat or even going down a bit. Understanding what you’re getting yourself into is critical to ensure a good buy. Give me a ring to discuss your needs to ensure we get you the Somerville condo you need and in budget.

Continue reading about things to keep in mind when if you’re a first-time home buyer, how to think through your purchase from an investment lens, and how I can help you no matter what stage you’re at.

If you are thinking of buying a Somerville condo and don’t know where to start, give me a call at 617-833-7457 and I am happy to help.