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Home Buying/Selling During the Pandemic

LaptopDog

With all non-essential Massachusetts businesses ordered closed as of 12pm on March 24th, we have received many questions about the likelihood of buying or selling a home on the Cape during the pandemic.  Here is what we can tell you, based on information provided to us by both the state of Massachusetts and our local Realtor boards (Cape Cod and Islands Association of Realtors and Massachusetts Association of Realtors). Real Estate Showings & Open Houses … Read more…

Best Time To Sell Your Cape Cod Home

SnowFlower

Realtors are always being asked by prospective sellers, “When is the best time for me to list my Cape Cod home for sale?”  So let’s explore the options and the relevant data. First, we need to dispel a myth that the summer is the height of the real estate market on Cape Cod.  While the summer is surely the height of our tourist season, it is not when most home sales occur, nor is it … Read more…

Why Sellers Need An Attorney

Lawyer

Sellers sometimes ask us whether or not they need an attorney in order to sell their home.  In Massachusetts, it is standard for buyers to be represented by an attorney and is even mandatory when the buyer is taking out a mortgage.  (Technically, that attorney is representing the bank, but for the most part, the bank and the buyer are both “on the same side”.)  For sellers, there is certainly no law in Massachusetts mandating … Read more…

Understanding the 1031 Exchange

Monopoly

While roughly 200,000 people call Cape Cod their year-round home, more than 500,000 are here in the summer months, meaning that many of Cape Cod’s homes are purchased for vacation or investment purposes.  If you own an investment property on the Cape or elsewhere, and have thought about upgrading to a nicer property – perhaps one closer to the water that will bring in greater income – then you should understand Section 1031 of the … Read more…

The Sale/List Price Ratio

ListSalePrice

As of the writing of this Blog post, the average sale/list price ratio for Barnstable County is 94%, meaning that ON AVERAGE, homes are selling for 94% of their list price. This leads both buyers and sellers to believe that a home priced at $500K should sell for $470K. But when it comes to negotiating, whether you are the buyer or the seller, the sale/list price ratio is not a meaningful statistic, and should have … Read more…