Cape Cod Real Estate is prime for the savvy investor

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Services for Real Estate Pros with Foreclosure Prevention Advocates

With all the talk about our soft market and declined sales many forget the silver lining in this cloud. We have reached the bottom folks and the savvy investor would be looking around at the tremendous bargains around him/ her. Here on the cape the prices have dropped dramatically but will climb equally as dramatically. For the first time a first time homeowner can actually afford to buy a home here on the cape. The speculators have all but dried up it seems and the first rays of sun can finally be seen. This is the time for that wary buyer to crawl out from under that rock!

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Location:
Massachusetts Barnstable County
Groups:
Cape Cod Real Estate
MA REALTORS
Tags:
optimism
homes
climb
invest
cape cod

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Rainer
28,309
Stephen D White, E-Pro, ABR Cape Cod Real Estate
SDW Realty of Cape Cod

Matthew real estate is cyclical and I think you are right. Prices will go up again in the near future when inventory drops. (Suply and Demand) Its a buyer's market and many buyers already know this and have bought now that we are near bottom!

July 02, 2008 02:46 PM
Rainmaker
1,119,311
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

Great advice!

I think secondary home markets (which is where I am, and maybe it's a bit the same on your coast??) often show uptake faster than primary residence areas.

Just my thought!

Li

July 02, 2008 02:55 PM
Rainmaker
217,942
Tara Stone
NJ Estates and Stables
NJ Estates & Stables

Hey there....nice to see you post a blog...now gain those points and move up in the world! Have a great 4th!

July 03, 2008 08:11 PM
Rainer
72,303
Ted Komenda
Weichert Realtors Dunhill Group

Matt I think you are right on with your assessment of where the market is on the Cape.  It will be interesting to find out how the rising interest rates will effect the buyer mentality.  I hope it puts a little urgency back in buyers instead of forcing the home prices even lower which it might.

 

Ted

July 07, 2008 12:49 PM
Rainmaker
26,204
Steve Clay
Keller Williams Mid-Upper Cape Cod

I hope that you are right but I met with some savy businessmen today who cooled my optimism just a bit. Keep an eye on banks and any steps the government takes to back their loans to consumers. Further tightening of mortgage requirements and/or higher interest rates could slow things down considerably.

July 07, 2008 10:20 PM
Anonymous
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Rainer
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Matthew O'Hare

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