"Deposit Earnest Money: Typically, you'll need to submit an initial deposit (often $1,000 or a small percentage) to the listing broker's escrow account within 24-48 hours to bind the contract. Hire a Real Estate Attorney: In Massachusetts, attorneys are essential for drafting and reviewing the "Purchase and Sale" (P&S) agreement. They will also handle the title search to ensure there are no liens."
"Review Condo Documents: Your attorney must review the condo association's "Master Deed," bylaws, and recent meeting minutes. Request a 6(d) Certificate: This document proves the seller is current on all condo fees. Without it, the sale cannot close. Check the "Health" of the HOA: Review the association's reserve funds and ask about any upcoming special assessments (large one-time fees for projects like roof or elevator repairs)."
After an accepted offer in Boston's 2026 condo market, the next 10–14 days are critical to secure the sale. Submit an initial earnest money deposit to the listing broker's escrow account within 24–48 hours. Hire a Massachusetts real estate attorney to draft and review the Purchase and Sale (P&S) agreement and to perform a title search for liens. Schedule a home inspection within the typical 7–10 day window, including shared systems where relevant. Formally apply with the lender and consider locking the mortgage rate near 6.3%. Have the attorney review the condo association's Master Deed, bylaws, and recent meeting minutes, request a 6(d) certificate proving current condo fees, and evaluate HOA reserves and possible special assessments. Expect to sign the P&S about 10–14 days after the offer and to provide a second deposit bringing total deposits to roughly 5% while maintaining mortgage contingency.
Read at Boston Condos For Sale Ford Realty
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