New Informative Series for Buyers:

Article Courtesy of Nichole R. Willey, Keller Williams Realty, Cape Cod MA.                                 
Call Nichole at 508.737.3567 or email nichole@aboutcapecodma.com for more information or to get information on financing now...don't wait - rates are historically low and home prices are too! A perfect combination to get you where you deserve to be - in your own home! 

THE 5 BIGGEST MISTAKES WHEN BUYING A HOME...

Buyer Mistake #1: Finance First, Look Later
One of the first mistakes buyers often make is that they get really excited about purchasing their new home and they dive right in to looking at homes online and scheduling showings in-person. But overlooking financing first is a big oversight.

If you’ve never undergone the process of applying for a mortgage before, you’ll be surprised to learn that the process is very involved and takes some time. You’ll have to gather many things together first for the mortgage officer, including verification of employment, bank statements, pay stubs and proof of deposit funds on loans.
It’s important to finance first because it’s a waste of your time to look for homes that are out of your budget. And conversely, you might be looking at homes that might not meet all your needs because you’re looking in too low of a range.

So ask your real estate expert for a list of financing referrals so you can shop around and find someone you would like to work with. There are many programs available right now, basically something for everyone. And with the prices of both homes and interest rates being so low, now may be the perfect time for you to buy!

Contact me, Nichole R. Willey for more information on either purchasing a home or financing, or both! I can be reached any time at 508.737.3567 or nichole@aboutcapecodma.com. Looking to start your home search online? Goto www.aboutcapecodma.com and register for an account with alerts you set up to your own parameters...

Home Prices in the Northeast Saw an Overall Increase in 2011!

In summarizing an article on Housingwire.com by Justin T. Hilley, there is some good news for the local real estate market...Home prices stabilized in the second half of 2011 and are expected to rise somewhat in 2012, but should remain near levels not seen since 2001, according to Clear Capital.  “Overall, 2011 was a relatively quiet year for U.S. home prices compared to the last five years,” said Alex Villacorta, director of research and analytics at Clear Capital. “Although the national numbers suggest markets are flat, when looking at individual metro markets it turns out only 24% of them showed signs of stabilization in 2011, while the others are still moving more dramatically higher or lower. Regional trends revealed a bit more price variability. The Northeast's meager 0.1% yearly gain led the nation, comparing favorably to the drops of 1.3% in the South, 3% in the Midwest and 4.4% in the West.