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Blog :: 01-2012

Real Estate Gradual Recovery

As the real estate market is poised to gradually recover, what is needed today for the many buyers who can't seem to jump into the market, is a very large dose of confidence. Confidence would alsohelp the brokers and agents who have been doing battle for a very long while.

We've got several things that appear to contradict a quick recovery, like the horrendous credit issues with appraisal standards that make your head spin. Add to that the general bad economic news that is constantly in the media--high unemployment, economic turnaround that is there or it isn't.

But--when you counter all the negativity and uncertaintyabout the election, we have very low interest rates and a plethora of houses to choose from. Prices could not be more attractive. We should be focusing on that news and get the word out--that'll inspire confidence and will get the market moving.

Cape Cod Tax Rates 2012

Knowyour real estate taxes

Knowing the tax ratesin townsin whichyou have interest in purchasing property is invaluable in calculating cost of ownership. The following is a listof the 2012individual towntax rates. These rates are used to calculate thetax cost per thousand dollars of assessment.Please note that these costs may not be all inclusive as some of the towns have additional taxes for fire districts and/or water districts. If you have any questions, please give us a whistle.

  1. Barnstable $8.42
  2. Bourne $9.12
  3. Brewster $7.44
  4. Chatham $4.45
  5. Dennis $5.88
  6. Eastham $6.35
  7. Falmouth $7.78
  8. Harwich $8.12
  9. Mashpee $8.96
  10. Orleans $5.91
  11. Provincetown $7.20
  12. Sandwich $12.74
  13. Truro $5.97
  14. Wellfleet $6.12
  15. Yarmouth $9.33

Real Estate Forcast

Real Estate Forecast for 2012

National economists on average paint 2012 with cautious optimism given the fact that the volume of distress properties is dwindling, unemployment is down, and an inkling of consistent economic growth is evident. Because all real estate markets are driven by the local economy, it is important to look closer at particular areas to paint an accurate picture. The Cape Cod real estate market is no exception. We find:

  1. Inventory is shrinking--there were fewer properties for sale in December than November 2011.
  2. The number of sold properties is up-- in December 2011 13.2% more properties sold than in the previous month.
  3. The number of properties under contract increased by 36.3% in 2011 over 2010.
So, when you see the real estate forecast in the media, keep in mind that Cape Cod is unique and fairing much better than the National average.

10 reasons to buy this winter on the Cape

  1. Exceptionally mild weather

    Bass River Park

  2. Traffic is virtually nonexistent
  3. Fewer buyers are seeking real estate so its the best time to get your choice of property
  4. Interest rates are historically at rock-bottom
  5. Home prices are at levels unimagined five years ago
  6. Lots of property from which to choose
  7. Most Sellers are willing to negotiate
  8. Enjoy a perfect meal at one of the Capes lovely restaurants that offer cozy fireplaces or take a quiet walk at Bass River Park where you candeliberate on which house to buy
  9. Be in the new house to enjoy spring on Cape Cod
  10. Were full of vim and vigor and ready to help

combined-feed

Client Testimonials

Ed and Agnes know Real Estate. Ed and Agnes know Cape Cod. They are experts in the field. I recommend them to anyone.

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