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The Anatomy of an Offer – Part 3

Offer_Contingencies

Part I of this 3-part series on Offers discussed the offer price, while part 2 discussed the numerous dates associated with the offer. This final piece discusses the various contingencies, if any, that are associated with your offer. So what is a contingency? Simply put, it’s a condition that must be met in order for you to agree to proceed with the purchase of the property. There are some standard contingencies that are frequently included … Read more…

The Anatomy of an Offer – Part 2

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In Part 1 of this 3-part series, we discussed the most obviously important aspect of your offer – the PRICE! This month we’ll cover a less obvious but equally important topic – the DATES. When making an offer on your Cape Cod home, there are numerous dates that must be identified and all are important. Here’s a quick description of each. Expiration – This is the date and time at which the offer expires. The … Read more…

The Anatomy of an Offer – Part 1

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You’ve been looking for months. You’re already pre-approved for a mortgage. You FINALLY found the right home. Now what? Well it’s time to put your money where your pen is and write up an offer! The offer tells the Seller the terms under which you would like to purchase his home. The key elements to an offer are price, dates, and contingencies. We’ll take a look at each separately in this 3-part blog series! The … Read more…

Why Buyers Need An Attorney

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If you’re in the process of shopping for a home on Cape Cod, you’re probably working very closely with your Realtor and have already engaged at least one mortgage lender.  Once you FIND a home and are ready to make an offer, your team of professionals will expand immediately to include a reputable, local real estate attorney to help guide you through the intricate process of closing on your loan and home. Many buyers of … Read more…

What’s A Home REALLY Worth?

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Congratulations! After months of searching, you FINALLY found the perfect Cape Cod home for you and your family. But the list price seems a bit high. How do you know what the home is really worth? First, let’s discuss the term “worth”. In most cases, a home’s market value is a range, not a precise number. You may feel a home is worth $700K while another buyer may be willing to go as high as … Read more…