Cindy’s Step-by-Step Guide for Finding Your New Home
Buying a home on Cape Cod should be an exciting and fun experience! The first step is for us to have a discussion on what your ideal lifestyle is. Are you into…Biking? Swimming? Boating? Dining? Surfing? Hiking? Let me help you find the ideal property from which you can take advantage of all that the Cape has to offer!!
- Choose a sales agent with local knowledge: Cindy is a local Realtor with 25+ years experience. When buying a home on the Cape you want an agent who knows how to deal with issues unique to Cape Cod. Private roads, Title V septic tanks, well water, flood zones, conservation restrictions, deed issues, easements…Cindy can help you navigate all of these issues!
- Search for Property: How do you buy a Cape property when you live far away? The first step is to identify those “wish-list” items that are important to you and your family. Once you have an idea of what you need/want, we will schedule a tour and you will go out and see available homes. Touring gives us great insight into what you like and dislike about homes we see. Ideally you will find the right property quickly, but if you must return home off Cape, know that Cindy will continue to look and act as your eyes and ears. If the right property comes on the market while you are off Cape, Cindy will let you know if it’s worth a trip to come and see it. In 2016, four of Cindy’s clients bought homes she recommended they come and see.
Complimentary access to the Cape and Islands Multiple Listing Service is available to assist us in our search.
- Financial Pre-qualification: A helpful suggestion for buyers is to do a little homework beforehand. Cindy can provide you with a list of local lenders who offer pre-qualification and who are knowledgable about the local issues (Remember these? Private roads, Title V septic tanks, well water, flood zones, conservation restrictions, deed issues, easements. Local lenders very often have access to loan programs that will allow these issues).
- Offer/Negotiation/Acceptance: Once a buyer identifies a property that meets their needs, an Offer to Purchase is presented to the seller along with an earnest money deposit. Negotiation takes place and acceptance of the offer, if a satisfactory meeting of the minds is reached, between the two parties.
- Inspections: Buyers are encouraged to do any property inspections that they wish. They may include structural, pest, radon or other inspections. In Massachusetts, it is the seller’s responsibility to provide the buyer with a current Title V septic inspection should they have that type of waste disposal system on the property.
- Purchase and Sale Agreement: This document sometimes referred to as a contract is generally prepared and reviewed by the attorneys that represent the two parties. Also known as a “P & S” this document typically carries over the terms of the Offer to Purchase and usually contains additional terms. An additional deposit from the buyer is usually required with the signing of the P & S.
- Closing: After all contingencies are met, the property changes hands with remaining payment due and a property deed which is recorded at the Registry of Deeds in the county within which the subject property is located. Finally…all that’s left to do is to enjoy the Cape Cod Lifestyle!