The first time homebuyer on Cape Cod
I’m happy to report that I had a closing this week on a home in Harwich that was purchased by a couple who are first time home buyers! It has been quite a while since I’ve had the pleasure of assisting someone buying their first home, and it was a great experience for everyone involved. I look forward to helping others d0 the same thing while the opportunity exists.
With the shortage of affordable homes on the Lower Cape, sadly homeownership for many has been out of reach. Recently though, an opportunity has presented itself here on Cape Cod that may never come around again. The combonation of a drop in selling prices, and a drop in interest rates, along with a considerable inventory of homes for sale has opened a door for many, not to mention short sales and foreclosures. If you have steady income, decent credit and a reasonable down payment (either in savings or in the form of a gift) more than likely there is a home out there you can afford.
As an example in Brewster and Harwich there are almost 35 homes for sale under $325,000. Even in Eastham the Cape Cod and Islands MLS lists 11 homes priced under $350,000. Some may require a little elbow grease, but as they say.. “They’re just not making any more of Cape Cod”, so now may be the time to make that investment and own your own piece of real estate on Cape Cod.
Call me if you need some advice on how you can find out what you can afford, and how to take the first step. I’m happy to help!
~Jorie
