What Goes Up, Must Come Around

June 12, 2009

Ah, well, I’m leaving the last post to show you the vagaries of the real estate market. If you were terribly upset that you missed the $2.7m property in Brewster, you have another chance and MUST call me to broker it for you! The necessity of a competent buyer broker cannot be underestimated. Agreeing on a price is the tip of the iceburg. SO much more professional representation is required to get to a successful closing. This is why a large percentage of “For Sale by Owner” sales fall through. From MAR’s website, an article on unrepresented sellers (FSBOs):
From properly pricing and intelligently marketing your property to getting through the negotiations, paperwork and contingencies, real estate professionals are trained to ensure the process goes smoothly. Today, approximately nine out of every 10 home sellers in Massachusetts hire a real estate agent to help them complete the sale of their home. As your single most valuable asset, the sale of your home deserves to be treated with great care by an industry professional who is trained to sell it on your schedule and for the highest possible price. Why would you settle for less?


How Long Does it Take to Sell a $2.75 million Home?

June 6, 2009

c. T. French

c. T. French

18 days in a bidding war. This property in Brewster was snapped up. The last sale was in 2006 for $2.2 million. Not a special house, but a special location. Location, condition, price. You need two of the three which are in your control.

So how is the Cape market? Fantastic. In the past 14 days, 301 properties have come on the market at a maximum price of $6.2 million, 125 have sold with a maximum price of $3.35 million, and 216 have gone under contract. Demand is outstripping supply, and we know that that necessarily means increasing prices.

The arts and culture scene is warming with the weather. Don’t miss a satellite live performance of Phedre with Helen Mirren in London at Cape Cinema in Dennis on June 25.

As always, view property at my website and call me at 508.221.2286 with any questions. Happy shopping from your Cape Cod REALTOR!

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