When it comes to making an offer on a property in Boston, there are several dos and don'ts that buyers should keep in mind. Following these guidelines can help ensure a smooth and successful offer process. Let's take a closer look at some of the key dos and don'ts:

Do:

1. Research the market: Before making an offer, it's essential to research the current market conditions in Boston. Look at recent sales data, comparable properties, and market trends to get a better understanding of the property's value.
2. Get pre-approved: Getting pre-approved for a mortgage is crucial as it shows sellers that you are a serious buyer. It also helps you determine your budget and strengthens your negotiating position.
3. Work with a real estate agent: A knowledgeable real estate agent who specializes in the Boston market can provide valuable insights and guidance throughout the offer process. They can help you navigate negotiations and ensure you make a competitive offer.
4. Include an earnest money deposit: Including an earnest money deposit with your offer demonstrates your commitment to the purchase. It also adds a level of security for the seller.
5. Be flexible with contingencies: While it's important to protect your interests with contingencies, being flexible can make your offer more attractive to sellers. Consider prioritizing key contingencies and being open to negotiation.

Don't:

1. Lowball the offer: Making an unrealistically low offer can offend sellers and jeopardize your chances of negotiation. Instead, base your offer on market value and comparable sales.
2. Waive important contingencies: While being flexible with contingencies is advisable, waiving critical ones, such as the inspection or financing contingency, can be risky. These contingencies protect you from potential issues and should not be taken lightly.
3. Overlook property inspections: Conducting thorough property inspections is vital to uncover any underlying issues or needed repairs. Skipping or rushing inspections can lead to costly surprises down the line.
4. Make unreasonable demands: Keep your offer reasonable and avoid making excessive demands on the seller. Being respectful and cooperative can help foster a positive negotiation process.
5. Ignore the seller's preferences: Consider the seller's preferences and timelines when structuring your offer. Being accommodating and understanding can make your offer more appealing.

Remember, the offer process can be complex, and each situation is unique. Consulting with a real estate professional and seeking legal advice is always recommended when making significant financial decisions.

References:

• The Balance - Real Estate Offer Dos and Don'ts
• Realtor.com - What to Include in an Offer on a House