The New Cape Cod Buyers Market
This entry was posted on 8/28/2006 9:00 AM and is filed under uncategorized.
It has been no secret for months now that not only Cape Cod, but, for most of the country, we are in a buyers market. The buyers need their turn again. Most would say that we have had 5 years of insane growth, but I feel the market has been good for over 10 years. We have had increased values and appreciation for the past 10 plus years.
Buyers should start to explore the market again. As my computer partner husband says "there are some real treasures out there." Just the other day on our MLS system I pointed out to him a home (that obviously was way out of whack) that was listed at $579,000 and is now down to $439,000.
Interest rates are still very historically low. When I got into real estate in 1981 the interest rates were as high as 21%!!!.
Buyers should seek the advice of honest and experienced agents, working in their best interests, to guide them through the property histories and give them all the info possible so they can feel confident about their decision.
Sherry and I have over 30 years experience in real estate and have lived on Cape Cod for 44 combined years. If you have any real estate questions, we will give you the best info and advice possible.