Upper Cape Realty

Posted by Upper Cape Realty on 8/16/2017

Admittedly, it is not always easy to postpone house buying when housing prices are low. Get a house at a low price and you could yield a profit of 10 percent or more in just three to five years should the housing market really pick up.

Determine how ready you are to buy and maintain a house

But, the price of a house isn't the only indicator that you're ready to be a homeowner. If a house was recently built from the ground up, you may not have to deal with repairs or general maintenance until you've lived at the property for seven or more years.

The point is that the time to enjoy living at a house without concerning yourself with nothing more than the monthly mortgage will eventually run out. This is when you might find out that you shouldn't have rushed into buying  a house.

It could be a rude lesson. You may find that you only have enough money to make the monthly mortgage. What you might not afford are important costs like homeowners insurance, mortgage insurance and property taxes.

Count up all costs associated with buying a house

Factor in these costs before you buy a house. Other costs to think about before you buy a house include utilities, upgrades and sewage expenses. Also, consider how buying a house will impact your daily commute.

Even if you work from home, consider how much longer or shorter buying a specific house will make your commutes to the grocery store, dentist, movie theater or library. Pay particular attention to how buying a house impacts your commute to and from work.

Lengthen your commute too much and you could start to think that it's your job that has to change. You may forget that you were fine with your job before you bought the house that made your work commute uncomfortably long.

Non-property life situations make it good to postpone house buying

External situations, things that don't have anything to do with buying or renting a house, can also signal that it's best to postpone house buying. Examples of external situations that could signal that it's best to postpone house buying include paying college tuition and receiving notice that the organization where you work is seriously considering cutting staff.

Noticing that you're ready to leave a toxic relationship is another example of an external situation that it may be best to postpone house buying. In these types of situations, postponing house buying could give you peace of mind.

It could also keep you from going into debt. The chance to avoid getting stuck in a mortgage with someone you realize is emotionally or psychologically unhealthy is another huge plus that can come with putting off house buying.

It's also important to remember that you can likely always buy a house later, when you're fully ready. You might even find a better house if you postpone house buying until you're fully set to step into home ownership

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Posted by Upper Cape Realty on 8/15/2017

If you are looking for a well maintained home at a bargain price, look no further!This inviting home offers plenty of space and is only 11 years old. 3 spacious bedrooms and 2 full baths with plenty of storage! Natural light beams through this home keeping it bright and vibrant. Kitchen/dining area is great for entertaining with plenty of open space. Full basement offers more living potential. Easy to maintain vinyl siding and fully fenced in yard.Nicely landscaped with great curb appeal. Waterviews of Bartlett Pond w/deeded rights. A great spot for kayaking, fishing or paddleboat roaming. No flood insurance! 1.5 car garage under w/extra storage space. Great private location nearby to ponds, highways, shopping&restaurants. Short drive to sandy Onset Beach and Village.1 hour to Boston or RI and 10 minutes to the Cape bridges.Perfect house for first time buyers, retirees looking to downsize or investment. Nothing to do here except pack the moving truck! First showing at OH Sun 8/20 11-1

More Info on this Property | New Listing Alerts

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Posted by Upper Cape Realty on 8/13/2017

SUMMER RETREAT OR YEAR ROUND HOME in the much sought after Parkwood Beach Community!! SIMPLY CHARMING! Don't miss out on this SPACIOUS, well maintained 3 bedroom, 1 bath house with an over-sized detached one car GARAGE. Enjoy sunny mornings and relaxing evenings on the enclosed front sun porch. Step into the Large living room with a woodburning fireplace. Bonus areas include Mudroom with Washer & Dryer hookup and an office nook upstairs. Garage has electricity and space for storage and a workbench. Private backyard with an outdoor shower. NO FLOOD! Town Water & Sewer. Just 4 houses away from a private sandy beach great for swimming, kayaking, boating, and fishing. There's still time to move right in and enjoy the rest of the summer here! 2017 dues paid in full for new owners. Easy to show and ready to go!

More Info on this Property | New Listing Alerts

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Posted by Upper Cape Realty on 8/10/2017

Opportunity knocks! This unique offering is in a great location! High traffic count and just steps from Main St and the train station. Two properties are included in this sale. There is a free standing house (#43) which has 2 bed/1 bath, full basement, oil heat with newer oil tank, 3 year old roof, 6 year old furnace, updated plumbing,100 amp electrical service and a heated sunporch. This home is currently rented by a tenant-at-will. The storefront (#45) is approx 4000 sqft offering many opportunities. Currently set up as 2 storefronts with separate entrances. Walls can be put up or taken down easily to accommodate different needs. Both stores have their own electrical which was updated 2 years ago and 1 bathroom each. Space on each side is open leaving many possibilities. Enormous full basement. Building is well constructed with steel beams and high ceilings.1 car garage and 1 loading dock. Vinyl roof is 10 yrs old. Buyer to determine properties best use. Commercial listing #72203563.

More Info on this Property | New Listing Alerts

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Posted by Upper Cape Realty on 8/9/2017

If you live in one state, but are trying to buy a home in another state, youíll face some obvious challenges. Thereís certain steps that you can take to help you get through the home buying process in another state. Whether youíre buying a vacation home, or are in a complete transition, youíll need to follow a few steps to make life easier for you. 

Know How Much Time You Have

First, youíll need to ask yourself when youíre planning to move. If you have flexibility and are planning a trip to the new state before you need to move, that paints a much different picture than a more rushed move. Consider:

  • The time it will take to sell your current home
  • When the closing will be on the new home

Keep that timeline in mind.

Youíll definitely want to hire a realtor to handle everything for you on both ends when youíre in this situation. A Realtorís knowledge and experience is definitely worth it to help you.

Get Your Finances In Order

Youíll need to apply for a loan on the home youíre buying in the new state. You should start by getting pre-approved for a mortgage in that state. You donít want all of your important paperwork to be buried in the midst of packing and moving. Also, youíll need to have that loan secured before you even head to the new state to close on the home. Everything should be in order. This situation may be more challenging for you than a typical home purchase. Since big purchases affect your credit score, youíll need to hold off on buying a car, furniture, or any major appliances that you may need. 

Get As Much Information As You Can

As a buyer who is from out of state, youíll need to do your homework. Maybe you have visited the state many times before. Perhaps you know nothing about it. The more you know ahead of time, the easier that your transition will be. Youíll need to find recommendations about which neighborhood to search in. Youíll also want to learn a bit more about the lifestyle the area provides for activities like dining, entertainment, and recreation. You can learn a lot in the internet, but talking to locals- even a local realtor- can help you to find the right spot to live in. 

Find The Right Realtors

Youíll need to find the right realtors in both your home state and the state that youíre moving to. The sellerís agent will assist you in getting your old home sold. From marketing the listing to home showings to sending you all of the paperwork that youíll need to sign, a sellerís agent is very valuable to someone who needs to move out of one state and into another. 

The buyerís agent can help you in your new state, communicating with you on new listings and advising you on the neighborhoods that youíll be the most happy in. Hiring these two realtors may be one of the most important steps in your feat of moving across two different states.

With the resources that are available online, moving from state-to-state isn't as hard as it may seem. Do your research for a smooth transition. Happy moving!

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