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
Wednesday, December 8, 2010
Cape Cod Real Estate Interest Rate and Sales Info
If you have been watching Cape Cod real estate, adn keeping an eye on interest rates you know that mortgage interest rates are on the rise. However, they are no where close to being too high to invest. At 4.75% the majority can pick up a 30 year fixed rate. That is pretty amazing, especially for those who were around when they were 15% and higher, can you imagine. With property values finally leveling out on Cape Cod, Ma I am getting alot of activity. This is a great time to be searching for property on Cape Cod. Alot of homeowners are not thinking about their homes and are more inclined to strike a deal because it is not occupied. The winter months make for cold home tours is a proven time to buy a home. To view all homes and condos for sale on Cape Cod go to my website at www.capecodrealestatebydan.com and click on Search the Cape Cod MLS, or go to the following link to sign up for free and get automatic updates when a property criteria you are interested in comes on the market. http://www.mlspropertyfinder.com/login.asp?agentid=203212. Happy Holidays and don't hang out on that fence for too long.
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
Monday, November 8, 2010
Cape Cod Real Estate, Time to Buy!!
Cape Cod real estate is heating up on the Cape and we are finally seeing buyers pull the trigger and investing in homes and condos for sale. With interest rates at an all time low how could you not!!Interest rates continue to dip with a 15 year fixed currently at 3.85%, by the time you are reading this possibly lower. With lower rates you are able to afford a little larger or more expensive home. It was not that long ago when I had clients come to Cape Cod, Ma and know what they want but unfortunately it usually cost $50-$100k more than they wanted to spend. Interest rates were around 6%. Now with interest rates so low, you can now afford a little more home. To give you an example, If you were to purchase a home at $300k with 20%down you would have a mortgage of $240k. At 6% on a 15 yr fixed rate you are looking at a $2025 month mortg. and a through the lifetime of the mort you are paying $425k for the loan. The same loan with todays standards you are going to pay a monthly of $1757 per month and only $316k over the lifetime. Thats a savings of $3000 per year and over $100k over the life of the loan. The same rate you would be able to afford approximately $40k more than before. Not only are rates offerring you fantastic deals, home values have also come down over the past few year. All of this is creating a perfect storm for real estate. The good news is that you don't have to rush out and buy something today, however, be careful how long you wait to invest. Rates fluxuate daily and could go up at a moments notice. The market should remain flat for the next year but if you seem something out there you like you should make a move. You should always consult a local realtor to get the most intimate knowledge of the area in which you are interested in. If you would like to search all homes and condos for sale on Cape Cod for free you can go to www.capecodrealestatebydan.com and click on search the Cape MLS. Good luck and feel free to contact me anytime.
Thursday, October 7, 2010
Cape Cod, Ma Real Estate Info
Cape Cod real estate continues to show signs that it is a great time to invest in homes or condos for sale on Cape Cod, Ma. There is a large inventory of homes and condos for sale on Cape Cod and many sellers while are keeping their listing prices a tad higher than market value are negotiating for lower prices. Sellers are worried that the lower they reduce the lower the intitial offer, so they are hedging their bets by sticking to their guns on a listing price. But when the chips are on the table some sellers are willing to deal. Don't think that if you see a listing price higher than what you are willing to pay that the seller won't come down on his price. The most important step is to have a qualified Cape Cod buyers agent by your side. You need to have someone who is familiar with the neighborhood and current market. There are a ton of different neighborhoods on Cape Cod and each hold their own value that you may not know about. Having a Cape Cod real estate agent who knows the area and market are key. Cape Cod real estate prices continue to come down in value and offer great deals for buyers. WIth interest rates at a long time historic low now is an amazing time to buy. The market will bounce back and when it does interest rates will rise making it more difficult to invest in Cape Cod, Ma homes. If you have been sitting on the fence waiting for the right time to invest this next year is it. If you want to search all homes and condos for sale on Cape Cod you can go to my website at www.capecodrealestatebydan.com and go to search the Cape MLS. If you have any questions please feel free to contact me via email of phone. Have a great day.
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.
Monday, August 30, 2010
Cape Cod Real Estate MLS Property Search
For a free Cape Cod Real Estate MLS property search go to http://www.mlspropertyfinder.com/login.asp?agentid=203212. Here you will be able to search all homes and condos for sale on Cape Cod, MA. You can also sign up for automatic updates so if any property that fits your criteria comes on the market it will automatically email you. I can also do custom Cape Cod real estate property searches for you as well. Just drop me an email with the information on what you are looking for in a Cape Cod home or condo, and I will do a custom search weeding out all of the homes or condos that may not be of interest to you. As a full time Realtor and buyers agent for all regions of Cape Cod. Ma, I am here to help. Anything I can do to be of assistance please let me know. You can email me at danneske@coldwellbankerjmw.com
Thursday, August 19, 2010
Cape Cod, Ma Real Estate Information
Cape Cod, Ma real estate has been picking up dramatically over the last few weeks, and so it should. Property values continue to decrease and unbelievably so do interest rates. Interest rates are down again for the 8th time in 9 weeks. They are now at an all time low since they have been recording interest rates, that is amazing. The fall is a huge buying and selling season on Cape Cod, Ma. Cape Cod, Ma is a fantastic place to invest in a second home. There are so many great areas to explore and invest in. For a free MLS property search go to my website at www.capecodrealestatebydan.com or go directly to http://www.mlspropertyfinder.com/login.asp?agentid=203212. As a lifetime vacationer and year round resident for over 9 years I have the knowledge you need to guide you in the right direction based on your real estate needs. Cape Cod, Ma homes and condos are a great investment in todays market conditions. The best way to be able to afford a home or condo for sale on Cape Cod is to rent it out. Cape Cod rentals continue to be very strong and can command high rental rates depending on size, condition and most importantly location. If you are thinking of investing in Cape Cod real estate get in touch with me and let me know what I can do to help. Email me at danneske@coldwellbankerjmw.com or my cell at 774-994-0084. If you have been sitting on the fence waiting for the right time to invest in Cape Cod, the time is now.
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.
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