We’re starting to notice a little cooling in the Boston midtown high rise condo market. Boston downtown condos are staying on the market longer, and it’s harder find a local buyer. In past years, we might expect a Charles River Park condo to stay on the market just for a week or two, but now it’s not uncommon to stay on the market for months. My team, we don’t just think in terms of local buyers because we want to help all the buyers who are looking forBoston downtown real estate, no matter where in the world they are.
Recent economic shifts have begun to produce élite buyers from around the world, especially in the Middle East and in Asia. These buyers are very interested in luxury high rise condos in Boston, especially in places like Seaport District. For over a year now, we’ve been leveraging new virtual walk through cameras and 360 video capture technologies to create walkthroughs that make the buying process vastly more convenient especially for remote buyers.
Remote Buyers of High Rise Condos
Chinese buyers tend to view high rise condos as an investment. It’s a means of cementing wealth, without the fragility of owning stocks. Many Chinese homeowners will own multiple properties and a luxury home in Boston as it is generally considered a stable investment opportunity. As remote buyers, they are often especially eager to buy Boston condos for sale here.
On the other hand, Middle Eastern and European buyers tend to make a more personal, more emotional connection with the Boston condos for sale they buy. More than aesthetic concerns, it’s important that a place feel like home.
In both cases, virtual walk tours and interactive walkthroughs can seriously improve the remote homebuying process.
What Virtual Walkthroughs Bring to the Buying Process
It’s now possible to create comprehensive, fully navigable walkthroughs of luxury homes. The result is a self-contained map of the space which a prospective buyer can tour in virtual reality, or on any number of other devices.
Buyers can tour dozens of Boston Seaport condos for sale without ever having to set up a viewing, book a flight, or take time away from their working lives.
Floor Plans
Dimensioning is one more service we offer to our clients. By some estimates, as many as 80% of realtors don’t even offer full floor plans. We offer precise measurements of each room as a supplement to the virtual walkthroughs. The walkthrough is great for giving a sense of the space. In addition, knowing the precise dimensions lets a potential buyer plan furniture layouts.
That extra attention to detail makes the Boston high rise condo buying process much more convenient. We spend thousands of dollars more on video marketing, dimensioning, software. Most realtors don’t go to the trouble, but it pays off in the long run. Boston condo buyers get much more comprehensive listings, and our sellers are able to move properties much more quickly even in a slowing market.
Why We Do Things the Way We Do
Mt Team goes that extra mile for our clients because we understand that quality service is worth the cost. If you’re dipping your toes into the Boston midtown luxury real estate market, either buying or selling, get in touch with us today.