Selling a Condo in Central Square

If you are thinking of selling your condo in Central Square, one of the most important areas I see other agents and owners miss is your HOA! You need to have a clear understanding of what’s going on with your HOA before you begin listing your property.

And I know from experience that many of the condos in the Central Square area of Cambridge are in larger buildings with lots of stuff going on. And if you don’t proactively gather this information PRIOR to listing your property, you run the risk of an HOA bomb blowing up in your face.

Here’s how it can often play out. You or your agent list the property without doing any homework on what’s been going on in your HOA. 

After a week you receive an accepted offer with a condo doc review contingency. The buyer’s attorney starts looking into the condo docs and discovers there’s a special assessment OR in fact their client is NOT allowed to have their pet dog Spot live in the condo OR an existing condo owner is suing the trustees. 

The next thing you know, you get a call from the buyer’s agent or from your agent and you learn that the offer is off the table. Now you need to disclose this information to future prospective buyers. But buyers also see that the property has now been listed for a while and came back on market.

Buyers smell blood in the water and you start getting insane low-ball offers. The property sits and sits and ultimately you end up at a much lower price than your neighbors in the same building!

Don’t be this person - work with a seller agent who knows all the bombs and can diffuse them FOR YOU before you even begin the listing process. If you are thinking of selling your Central Square condo but don’t know where to start give me a call! My cell is 617-833-7457.