Cape Cod Real Estate Information for Buying and Selling Homes and Condos on Beautiful Cape Cod, Mass
Cape Cod real estate website with information for real estate buyers and sellers looking for homes and condos for sale on scenic Cape Cod, Ma. Access to a Cape Cod MLS Property Search for all homes and condos for sale on Cape Cod, Information on Cape Cod, Ma second homes, Cape rental property, investment property, short sales, bank owned homes and much more. Focusing on Eastham, Orleans, Brewster, Harwich, Chatham, Dennis, Yarmouth, Barnstable, Mashpee, Falmouth and other areas on Cape Cod, Ma
Showing posts with label Cape Cod Real Estate. Show all posts
Showing posts with label Cape Cod Real Estate. Show all posts
Tuesday, December 14, 2010
Free Cape Cod Real Estate Property Search
Are you interested in viewing homes and condos for sale on Cape Cod,Ma for free? I have a fantastic Cape Cod MLS propertyfinder. You can search all homes for sale on the Cape Cod multiple listing service. You will be able to see multiple pictures and more detailed information. It is a great program that is updated constantly to give you up to date accurate sales information on Cape Cod real estate properties. Also, the Cape Cod search engine will send you automatic pdates when a new property comes on the market so you will have instant access. To check out the site go to http://www.mlspropertyfinder.com/login.asp?agentid=203212. You can also go to my website at www.capecodrealestatebydan.com. The Cape Cod real estate market is in a bit of a lull right now, but after the New Year we will start to see alot more homes come on the market. With interest rates edging up, the next few months will prove to be a great time to invest in a home or condo on Cape Cod, Ma. Let me know how I can help you.
Thursday, December 9, 2010
Cape Cod Real Estate Free MLS Property Search
Are you interested in investing in Cape Cod, Ma real estate? I have a great free Cape Cod MLS property finder that enables you to search all homes and condos for sale on Cape Cod. ONce you enter your criteria you can see more detailed information and see more photos of homes and condos for sale on Cape Cod. It will also send you automatic updates when a home or condo for sale comes on the market. Just go to my website at www.capecodrealestatebydan.com and go to the right hand section and click Cape Cod MLS Search, or go directly to this link: http://www.mlspropertyfinder.com/login.asp?agentid=203212. For more information please feel free to contact me, danneske@codlwellbankerjmw.com
Thursday, November 18, 2010
Cape Cod Real Estate Homes and Condos for Sale Information
Cape Cod real estate has been very active lately. I am seeing a wide range of homes and condos for sale going under agreement in all price points. However, we have seen a bit of a rise in interest rates. They continue to fluctuate and remain at very low levels. 4.5% for a standard 30 year fixed, but 3.75%for a 15 year fixed. This is still pretty amazing and think they should continue to fluctuate up and down for a little while. The real estate market is looking good and we will continue to see great home and condo prices. Now is a great time to start looking. Many sellers are thinking of winterizing their condos or homes and not using them for the winter. This makes it a great time for buyers to be hunting for homes. For your free mls property search go to www.capecodrealestatebydan.com and go to :Cape MLS or go to http://www.mlspropertyfinder.com/login.asp?agentid=203212
Saturday, September 18, 2010
Cape Cod Real Estate Information
Cape Cod Real Estate has seen a dramatic drop in home and condo prices and now more than ever is proving to be a great time to invest. The following are some great points on why you should invest in Cape Cod, Ma Real Estate.
This is a buyer's market and sellers are more apt to negotiate on their listing price giving you a great deal on Cape Cod real estate. Now that the summer rush is over sellers are thinking of having to carry their homes over the winter and are undable to enjoy their Cape homes or condos. We're four to five years into the biggest housing bust in modern history and home and condos for sale continue to drop in price roughly about 22%. Although prices may still come down, you are still going to get a fantastic deal and you will never be able to time the bottom of the market.
Interest rates on Cape Cod are amazing. Banks have great programs out there and fantastic rates for any buyer. Whether you are a first time home buyer, investor or second home or condo owner there are great rates out there. 30 year fixed for around 4.3%. What's not to like? These are the lowest rates since they have been keeping record. Just two years ago they were running about 6%. With these interest rates on a 30 year fixed based on a $300k loan you are saving over $300 per month, and over a $100k over the lifetime of the loan. If the market picks back up, which it will interest rates will rise and you will be shelling out more money, and it is unlikely rates will return to these levels, making the time to act now.
Tax deductions!! You can deduct the mortgage interest and the real estate taxes giving you a great deduction on your annual taxes. However you will only get the income tax break if you itemize your deductions. The majority of people will find that tax breaks mean owning a home or condo on Cape Cod, Ma costs them less, often a lot less, than renting.
It is all yours. You can renovate and decorate any way you like. When you are renting a home or condo on Cape Cod, Ma landlords are sticklers for renters to be able to change anything in the home you rent. You can make your home your own and will achieve a more personal solitude knowing your home is reflective on who you are rather on who your landlord is, which is generally cheap.
It is much easier to purchase a home or condo on Cape Cod, Ma with the floor plan and most importantly the location that best suits you rather than trying to find a good rental property. Cape Cod rental property is very difficult to come upon and in most cases they tend to be pretty tired properties. Obviously the more money you are willing to spend the better the rental. However, Cape Cod is a bit different as the rental market is on a mostly summer rental basis and there are not alot of year round rentals on Cape Cod.
It is a solid investment if you are ok with waiting a little while for the Cape Cod real estate market to turn around. Real estate is a cyclical process and it seems every 8-10 years we see a full spectrum in the market. This last collapse may take a little longer to recover, but the truth of the matter is that you would be safer investing in a Cape Cod home or condo now while the interest rates are at all time lows and home values are down over 20%. When the market recovers you can sell and reap the benefits. Also, with home prices and rates so low you will be able to pay down the mortgage much faster and have the security of having your own home. If you rent the owner may decide to sell or use it himself leaving you with the hassle of having to find another home or condo on Cape Cod, which can be very difficult.
Choices!!There are alot of home and condos on the market right now on Cape Cod. You have your choice of location and style of homes. There are also more and more homes that continue to come on the market making this a great time for the buyer. You have the pick of the draw and are able to negotiate more aggressively with sellers. With more inventory sellers on Cape Cod are looking deeper into those once scoffed at low ball offers. Take your time and don't fall in love with any home or condo. You should always be prepared to walk away because some owners still are not in touch with reality.
Sooner or later, the market will recover and settle down. There are always people out there with money ready to buy a home. Be smart and realize that this is a historic time to buy and beat other homebuyers to the punch. If you sit on the fence forever trying to time the bottom of the market, chances are you will miss it.
For more information on Cape Cod Real Estate please feel free to contact me at danneske@coldwellbankerjmw.com or 774-994-0084 cell. You can also go to my website at www.capecodrealestatebydan.com. There is a link on my site that enables you to search for all homes and condos for sale on Cape Cod via the mls. Good luck.
This is a buyer's market and sellers are more apt to negotiate on their listing price giving you a great deal on Cape Cod real estate. Now that the summer rush is over sellers are thinking of having to carry their homes over the winter and are undable to enjoy their Cape homes or condos. We're four to five years into the biggest housing bust in modern history and home and condos for sale continue to drop in price roughly about 22%. Although prices may still come down, you are still going to get a fantastic deal and you will never be able to time the bottom of the market.
Interest rates on Cape Cod are amazing. Banks have great programs out there and fantastic rates for any buyer. Whether you are a first time home buyer, investor or second home or condo owner there are great rates out there. 30 year fixed for around 4.3%. What's not to like? These are the lowest rates since they have been keeping record. Just two years ago they were running about 6%. With these interest rates on a 30 year fixed based on a $300k loan you are saving over $300 per month, and over a $100k over the lifetime of the loan. If the market picks back up, which it will interest rates will rise and you will be shelling out more money, and it is unlikely rates will return to these levels, making the time to act now.
Tax deductions!! You can deduct the mortgage interest and the real estate taxes giving you a great deduction on your annual taxes. However you will only get the income tax break if you itemize your deductions. The majority of people will find that tax breaks mean owning a home or condo on Cape Cod, Ma costs them less, often a lot less, than renting.
It is all yours. You can renovate and decorate any way you like. When you are renting a home or condo on Cape Cod, Ma landlords are sticklers for renters to be able to change anything in the home you rent. You can make your home your own and will achieve a more personal solitude knowing your home is reflective on who you are rather on who your landlord is, which is generally cheap.
It is much easier to purchase a home or condo on Cape Cod, Ma with the floor plan and most importantly the location that best suits you rather than trying to find a good rental property. Cape Cod rental property is very difficult to come upon and in most cases they tend to be pretty tired properties. Obviously the more money you are willing to spend the better the rental. However, Cape Cod is a bit different as the rental market is on a mostly summer rental basis and there are not alot of year round rentals on Cape Cod.
It is a solid investment if you are ok with waiting a little while for the Cape Cod real estate market to turn around. Real estate is a cyclical process and it seems every 8-10 years we see a full spectrum in the market. This last collapse may take a little longer to recover, but the truth of the matter is that you would be safer investing in a Cape Cod home or condo now while the interest rates are at all time lows and home values are down over 20%. When the market recovers you can sell and reap the benefits. Also, with home prices and rates so low you will be able to pay down the mortgage much faster and have the security of having your own home. If you rent the owner may decide to sell or use it himself leaving you with the hassle of having to find another home or condo on Cape Cod, which can be very difficult.
Choices!!There are alot of home and condos on the market right now on Cape Cod. You have your choice of location and style of homes. There are also more and more homes that continue to come on the market making this a great time for the buyer. You have the pick of the draw and are able to negotiate more aggressively with sellers. With more inventory sellers on Cape Cod are looking deeper into those once scoffed at low ball offers. Take your time and don't fall in love with any home or condo. You should always be prepared to walk away because some owners still are not in touch with reality.
Sooner or later, the market will recover and settle down. There are always people out there with money ready to buy a home. Be smart and realize that this is a historic time to buy and beat other homebuyers to the punch. If you sit on the fence forever trying to time the bottom of the market, chances are you will miss it.
For more information on Cape Cod Real Estate please feel free to contact me at danneske@coldwellbankerjmw.com or 774-994-0084 cell. You can also go to my website at www.capecodrealestatebydan.com. There is a link on my site that enables you to search for all homes and condos for sale on Cape Cod via the mls. Good luck.
Friday, August 13, 2010
Cape Cod Real Estate Information and Trends
Cape Cod Real Estate trends for the past few months will show that there is still alot of inventory out there. There are still some great homes for sale on Cape Cod, and Condos for sale on Cape Cod, Ma. Interest rates remain unbelievable and was just talking to Claudette Vickery of Sovergn Bank and she said they were doing a special promotion in September with interest rates!!!I don't know how they can go any lower but they are. If there was ever a time to invest in Cape Cod, Ma real estate the next few months will be it. Cape Cod is a fantastic place to live and vacation. If you are not going to use your home or condo on Cape Cod, you can always rent is out for summer renters. The Cape Cod rental market is very strong and as anywhere the nicer and closer to the beach the better the income will be. To search all listings for sale on Cape Cod, Ma go to www.capecodrealestatebydan.com and click on search the Cape mls. If there is anything I can do to help feel free to email me at danneske@coldwellbankerjmw.com. As a longtime vacationer and local to Cape Cod I am a wealth of knowledge. Any way I can help let me know. The following is the latest sales data:
Date 5/09 6/09 7/09 8/09 9/09 10/09 11/09 12/09 1/10 2/10 3/10 4/10 5/10 6/10 7/10
For Sale 3683 3691 3628 3623 3630 3473 3220 2868 2865 2979 3176 3369 3507 3551 3592
New Listing 640 525 515 525 588 501 385 238 556 580 744 759 706 634 592
Sold 261 233 312 238 272 329 258 285 166 149 253 326 299 372 253
Pended 235 274 296 273 294 298 288 171 199 249 342 357 308 300 319
Months of Inventory based on Closed Sales 14.1 15.8 11.6 15.2 13.3 10.6 12.5 10.1 17.3 20.0 12.6 10.3 11.7 9.5 14.2
Months of Inventory based on Pended Sales 15.7 13.5 12.3 13.3 12.3 11.7 11.2 16.8 14.4 12.0 9.3 9.4 11.4 11.8 11.3
Absorption Rate based on Closed Sales (%) 7.1 6.3 8.6 6.6 7.5 9.5 8.0 9.9 5.8 5.0 8.0 9.7 8.5 10.5 7.0
Absorption Rate based on Pended Sales (%) 6.4 7.4 8.2 7.5 8.1 8.6 8.9 6.0 6.9 8.4 10.8 10.6 8.8 8.4 8.9
Avg. Active Price 791 799 796 802 803 809 822 836 847 843 840 833 840 850 842
Avg. Sld Price 420 410 422 421 535 450 468 461 428 451 425 422 442 523 479
Avg. Sq. Ft. Price 255 238 255 245 302 259 273 253 243 260 250 239 259 269 262
Sold/List Diff. % 93 94 92 93 92 93 92 93 94 92 93 94 92 93 94
Sold/Orig LP Diff. % 86 90 86 86 86 85 86 86 86 86 86 88 87 86 89
Days on Market 132 123 133 144 146 144 138 159 156 143 155 143 138 127 114
Avg CDOM 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median Price 325 325 320 335 327 332 325 350 360 305 324 326 320 360 345
Date 5/09 6/09 7/09 8/09 9/09 10/09 11/09 12/09 1/10 2/10 3/10 4/10 5/10 6/10 7/10
For Sale 3683 3691 3628 3623 3630 3473 3220 2868 2865 2979 3176 3369 3507 3551 3592
New Listing 640 525 515 525 588 501 385 238 556 580 744 759 706 634 592
Sold 261 233 312 238 272 329 258 285 166 149 253 326 299 372 253
Pended 235 274 296 273 294 298 288 171 199 249 342 357 308 300 319
Months of Inventory based on Closed Sales 14.1 15.8 11.6 15.2 13.3 10.6 12.5 10.1 17.3 20.0 12.6 10.3 11.7 9.5 14.2
Months of Inventory based on Pended Sales 15.7 13.5 12.3 13.3 12.3 11.7 11.2 16.8 14.4 12.0 9.3 9.4 11.4 11.8 11.3
Absorption Rate based on Closed Sales (%) 7.1 6.3 8.6 6.6 7.5 9.5 8.0 9.9 5.8 5.0 8.0 9.7 8.5 10.5 7.0
Absorption Rate based on Pended Sales (%) 6.4 7.4 8.2 7.5 8.1 8.6 8.9 6.0 6.9 8.4 10.8 10.6 8.8 8.4 8.9
Avg. Active Price 791 799 796 802 803 809 822 836 847 843 840 833 840 850 842
Avg. Sld Price 420 410 422 421 535 450 468 461 428 451 425 422 442 523 479
Avg. Sq. Ft. Price 255 238 255 245 302 259 273 253 243 260 250 239 259 269 262
Sold/List Diff. % 93 94 92 93 92 93 92 93 94 92 93 94 92 93 94
Sold/Orig LP Diff. % 86 90 86 86 86 85 86 86 86 86 86 88 87 86 89
Days on Market 132 123 133 144 146 144 138 159 156 143 155 143 138 127 114
Avg CDOM 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median Price 325 325 320 335 327 332 325 350 360 305 324 326 320 360 345
Sunday, August 8, 2010
Cape Cod Real Estate Home Search
Have you started your Cape Cod real estate search? MLS property finder is a great search tool letting you search all homes and condos for sale on Cape Cod, Ma. You will be able customize your cape cod real estate searches so when a property for sale on Cape Cod comes on the market it will automatically email you. For more Cape Cod real estate information go to my website at www.capecodrealestatebydan.com. For a Cape Cod real estate search go to:http://www.mlspropertyfinder.com/login.asp?agentid=203212.
Wednesday, August 4, 2010
Cape Cod Real Estate MLS Property Search
Are you looking for a home or condo for sale on Cape Cod, MA? I have a fantastic search engine that allows you to preview all homes and condos for sale on Cape Cod. You are also able to customize your searches so if a home or condo for sale comes on the market that fits your home buying criteria, then it automatically emails you the property. The site, mls property finder allows you to look at multiple pictures, past sales history links and much more detailed information. The most important quality of this Cape Cod Real Estate mls website is that it is up to date and very accurate. Some of the other real estate sites like Trulia and Zillow tend to have homes and condos for sale on Cape Cod listed that have sold or expired or no longer on the market. Now is a great time to invest in Cape Cod, MA real estate. Property values have decreased over the last few years and interest rates are amazing. Go to the following website to start your search today. http://www.mlspropertyfinder.com/login.asp?agentid=203212
Monday, August 2, 2010
Cape Cod Real Estate Information
Cape Cod Real Estate homes and condos for sale are settling into a great place for buyers. With a decrease in home and condo prices this is proving to be a fatastic time in years to get off the fence and invest in some Cape Cod real estate. Another factor that is making this a great time to invest in Cape Cod Real Estate is the fact that interest rates are at an all time low. Some of you will remember when interest rates were around 19%!!!That is pretty crazy. So now interest rates are trending around 4-4.5%. That is amazing in itself. When interest rates are so low it makes your mort. payments drop substantially over what the rates where in the past, allowing you to be able to make your Cape Cod investment a reality. These rates and prices are not going to stay like this forever. If you were thinking about investing in Cape Cod real estate in the future you may want to re-think that. You never know when the rates and homes and condos for sale on Cape Cod are going to go back up, making your invesment much more expensive than it has to be. Cape Cod, Ma has a great rental market. Even if you are not going to use your home or condo on Cape Cod, Ma you can rent it out to help pay your expenses. Now is a fantastic time to invest in Cape Cod real estate, whether it's a short sale, forclosure or a straight sale it's time to take action. Go to my website at www.capecodrealestatebydan.com to get more investment and more cape cod real estate information. You can also go to http://www.mlspropertyfinder.com/login.asp?agentid=203212 to be able to search all homes and condos for sale on Cape Cod, Ma. You can also sign up for automatic updates, so anytime a home or condo comes on the market it automatically emails it to you right away. Happy house hunting and anything I can do to help please feel free to contact me at danneske@coldwellbankerjmw.com or 774-994-0084.
Thursday, July 29, 2010
Cape Cod Real Estate Market
Cape Cod homes and Condos for sale have seen a dramatic decrease over the last few years and in my opinion we will continue to see prices decline a little bit more. With interest rates the LOWEST EVER RECORDED, let me say that again, interest rates are at the lowest they have ever been since being recorded, it is a great time to start hopping off the fence and starting your search. We are still seeing many short sales and forclosures happening in select areas of Cape Cod, and property values are still inching lower. However, homes and condos that are in move-in condition are selling pretty quickly. Now is the time to start searching for areas on Cape Cod that you want to invest in and wait. Homes and condos for sale on Cape Cod continue to come on the market and you want to be ready when a home in your area comes on the market. Cape Cod Real Estate is very active in this current market and believe me there are people out there buying homes and condos for sale. Real Estate values on Cape Cod will recover and when they do you do not want to be in a position to start buying, you want to be in the position to start selling. Investment property on Cape Cod can be a great option for many. The Cape Cod Real Estate rental market is very good, and if you own Cape Cod rental property you can make improvements when it is an investment property and reap the tax benefits. Talk to an accountant about how great a second home is for you. Don't procrasinate forever though, you want to be ready to act when your desires to own Cape Cod Real Estate comes on the market. For a detailed, customized search of homes and condos for sale on Cape Cod call me a full time multi-million dollar producer at 774-994-0084 or email me at danneske@coldwellbankerjmw.com If you want to search the Cape Cod MLS and preview homes in Brewster, Dennis, Yarmouth or anywhere on Cape Cod got to this link: http://www.mlspropertyfinder.com/login.asp?agentid=203212. You can also preview my website and click on Cape Cod MLS at www.capecodrealestatebydan.com. Happy House Hunting.
Friday, June 26, 2009
Cape Cod Real Estate Brewster Home Sales
Cape Cod real estate has been seeing a large swing in properties listed under $400K. In the last month I have put 4 houses under agreement in Brewster for under $320K. Brewster is the quintessential cape cod town with fantastic bayside beaches were the tidal waters recede miles into the bay leaving a wonderland for kids and adults to explore. Tourism is a bit lighter on the bayside of Cape Cod than Nantucket Sound. Brewster is home to wonderful restaurants, the challenging 2 18 holes Captains Golf Club, some of the cleanest and largest freshwater lakes on Cape Cod, multiple conservation areas offering hiking, mountain biking, fishing and camping, and the famous Ocean Edge Resort and Golf. Club. Ocean Edge resort has also been very popular lately. They have just completed millions of dollars in renovations, including a newly designed Jack Nicklaus Golf Course, 16,000sq foot ballroom, new restaurants and much more. The condominiums at Ocean Edge range in size, style and price, all offering something different and unique to everyone. Prices have dramatically dropped over the last few years and owning an Ocean Edge Condo is financially starting to make sense again. They are solid investments being able to easily rent 10+ weeks in the summer. Despite the economic downturn both rentals and sales of Ocean Edge condos are on the rise. Stop by Brewster today to discover Ocean Edge and all that the town has to offer. This is a great town and location to invest in and I can show you why. Call or email me today to find out more info.
Wednesday, April 29, 2009
Cape Cod Homes and Condos for Sale Springtime Buzz

Springtime on Cape Cod is finally here and there are alot of buyers out there looking at Cape Cod homes and condos for sale. As you can see in the picture above Cape Cod is really starting to blossom and on the drive to Brewster everything is a bit more colorfull. This is such an exciting time of year. The weather has been warming up, flowers and trees are blooming and the traffic has picked up. We have seen a large increase in buyers coming down to look at homes and condos for sale on Cape Cod. Now is a great time to buy real estate on the Cape. Prices are down, sellers are willing to negotiate and the interest rates remain very low. Also, there are some fantastic real estate deals out there for first time home buyers. There is the $8000 credit to first time homebuyers, great income based rates, and much more. To be considered for the first time homebuyer property you have to not have owned property in the last 3 years. Cape Cod short sales remain popular however be ready to wait 3-4 months for an answer. Spring is in the air on Cape Cod and this weekend is the Brewster in Bloom festival, so come on down and enjoy all the new colors and look at some great deals on homes and condos. I have been seeing some great prices on Ocean Edge Resort in Brewster as well. Check out my website to get more information and sign up on my Cape Cod MLS to have full access to all properties currently for sale on Cape Cod. Just go to www.capecodrealestatebydan.com and click on Cape Cod MLS and fill out your search criteria. Have a wonderfull day and cannot wait for what the days ahead hold.
Thursday, April 2, 2009
Cape Cod Real Estate Videos
The following is a video of one of my newest listings on 135 Sturbridge Way in Brewster, Cape Cod. You tube is one of the top search engines for Real Estate and video tours of homes and locations are becoming more and more popular. If you would like to view listings for sale on Cape Cod go onto my website at www.capecodrealestatebydan.com and go to Cape Cod MLS and have access to all the listings on Cape Cod.
Friday, March 13, 2009
Cape Cod Interest Rates and Vacation Property
Cape Cod Springtime,
Real estate is really starting to spring into action on Cape Cod. The sun is shining and I am even starting to see some buds blooming. That means summer is just around the corner, are you ready for summer? Cape Cod interest rates continue to remain very low, and for the first time in years we are not only seeing the 30 and 15 year fixed rates low, but we are also noticing that the jumbo interest rates are now under 6%. That's right...Cape Cod Five Bank in Orleans and Brewster are now offering a 7/1 arm jumbo for 5.625%. That means that those of you who are looking for your Cape Cod waterfront home, or even a home within walking distance to any one of cape cod's beautiful beaches, now more than ever is the ideal time to invest. The cape cod rental market remains very strong for properties all within 3/10ths of a mile to the beach. That also means when you are not using your second or investment property you will be able to rent out your home and help cover your operating costs. We have seen property values for waterfront and cape cod homes for sale within close proximity to the beach come down in price, making them affordable as ever. Don't delay because the springtime on Cape Cod is the prime buying season and there are alot of people out fishing for deals right now. Go to my website to be able to search the Cape Cod MLS for free and sign up for daily updates to get the upper hand on any new listings that meet your criteria. You can also call or email me to pick my brain. I am always happy to offer my advice. Take care for now and happy home shopping.
Real estate is really starting to spring into action on Cape Cod. The sun is shining and I am even starting to see some buds blooming. That means summer is just around the corner, are you ready for summer? Cape Cod interest rates continue to remain very low, and for the first time in years we are not only seeing the 30 and 15 year fixed rates low, but we are also noticing that the jumbo interest rates are now under 6%. That's right...Cape Cod Five Bank in Orleans and Brewster are now offering a 7/1 arm jumbo for 5.625%. That means that those of you who are looking for your Cape Cod waterfront home, or even a home within walking distance to any one of cape cod's beautiful beaches, now more than ever is the ideal time to invest. The cape cod rental market remains very strong for properties all within 3/10ths of a mile to the beach. That also means when you are not using your second or investment property you will be able to rent out your home and help cover your operating costs. We have seen property values for waterfront and cape cod homes for sale within close proximity to the beach come down in price, making them affordable as ever. Don't delay because the springtime on Cape Cod is the prime buying season and there are alot of people out fishing for deals right now. Go to my website to be able to search the Cape Cod MLS for free and sign up for daily updates to get the upper hand on any new listings that meet your criteria. You can also call or email me to pick my brain. I am always happy to offer my advice. Take care for now and happy home shopping.
Tuesday, February 17, 2009
Cape Cod Real Estate Homes for Sale

Cape Cod Real Estate Homes for Sale....... Talk about deals....There are some fantastic homes and condos for sale out there right now, and with interest rates continuing to drop now is a fantastic time to invest in real estate on cape cod. There are currently 537 homes for sale on Cape Cod listed under $300,000, and 489 condos for sale on Cape Cod listed under $300,000. Todays interest rates are showing 5% for a 30 year fixed, and 4.5% for a 15 year fixed. These figures were quoted from the Cape Cod MLS and Cape Cod Five Bank. This means if you were to obtain a mortgage for $200k for 30 years the monthy http://capecodrealestatebydan.com
payments would be $1073 per month and a 15 year would be $1529 per month. The goverment is also looking into lowering rates even further that could bring 30 year rates down to 4.5% or even 4%. Think about how amazing this would be. What an opportunity to be able to take advantage of. Just months ago we were seeing 30 year fixed rates at 6.25% which added an additional $200 per month onto mortgage payments, $2400 more a year. Figure that into the dropping home prices that we have seen over the last year. Cape Cod homes and condos were selling and listing for over $300k in general and today we are seeing them list in the low $200K's. Now, figuring in that you are able to get a great deal on a home or condo and a fabulous interest rate consider renting it out. Cape Cod rentals are doing well this year despite the economy and I think we wil continue to see people vacation to the Cape for years to come. People who were taking the exotic and trips to far away places will start to pull back the reigns and stay more local. Cape Cod has been a classic vacation for decades and many people remember coming to the Cape with their parents and spending sunny days on the beach. Rental rates are reasonable and there is a huge populace of people located within a tank of gas. You will be able to enjoy a 8-10 week rental season providing you with extra income to cut down your mortgage payments. Also, not only will you enjoy the extra income from your rentals you will also be able use your home or condo for tax advantages. Talk to your accountant of all the benefits you will receive from owning a second home or rental property. You can fix up your home or condo a little at a time with the funds from your rentals and when it makes sense stop renting and enjoy your newly renovated home. There are alot of deals to take advantage of right now on Cape Cod and now is the perfect time to act. You don't want to be on the fence and just continue to wait until the time is right because by the time you wait it could be too late. And believe me I hear it all the time, I wish I would have bought that home at xyz when I had that chance. You will never be able to time the market, but what I do know is that rates are at an all time low, home and condo prices are down considerably from over the past years and the rental market is strong. If you see something you like you should buy it.. seize the day. Prices will rebound. So don't waste any more time get a hold of me and lets start getting you ready to make a great investment into not only yours but your families future. Take care and good luck.
Subscribe to:
Posts (Atom)