Cove Real Estate



Posted by Cove Real Estate on 1/12/2018

Whether you're looking for your first house, a vacation home, or a retirement condo, there's always an element of excitement in finding a new place you can call your own!

Although buying and selling real estate can be stressful, especially if you've never done it before, being prepared and knowing what to expect can help keep things on an even keel.

Similar to planning a vacation or a cross-country trip, you'll want to avoid missed connections, frustrating delays, and wasted time. When it comes to buying a home, a little research, planning, and expert advice can go a long way toward ensuring a smooth journey. Here are a few specifics:

Check your credit score: Your credit rating has a major impact on your ability to successfully apply for a mortgage and be offered a relatively low interest rate. Knowing your credit rating can help you understand your options, avoid unexpected surprises, and take action to correct errors in your credit report or improve your credit profile.

Prepare a wish list: One of the keys to getting what you want in a new home is to clarify and prioritize the features that matter the most to you. Your checklist can include everything from lot size and architectural style to the reputation of the school district and proximity to stores. Some house hunters also place a high value on features like a fireplace, screened-in porch, and an open floor plan.

Find a good real estate agent: A buyers' agent can provide you with an immense amount of help in finding properties for sale that meet your specifications. They can also provide assistance, advice, and guidance on the many steps involved in going from loan applicant to new home owner. An experienced agent can also negotiate the best possible deal, in terms of price, seller concessions, and other advantages.

Meet with mortgage lenders: A crucial step in preparing to become a homeowner is understanding the mortgage application process, knowing how much banks would be willing to lend you, and determining an affordable price range. Meeting with lenders is also the first step to comparing interest rates and choosing a financial institution that would best suit your needs. Here's a helpful tip from the Consumer Financial Protection Bureau: "Getting a preapproval letter helps you show sellers that you are a serious buyer – but it doesn’t commit you to a lender."

When it comes to searching for and buying a house, probably the best advice anyone could give you is "stay the course!" Let's face it: It's easy to give up, get discouraged, or settle for a home that's less than what you really want. However, when you adopt a "stay the course" mindset, you'll do a better job of staying motivated, focused, and well organized until you find just the right home for you, your family, and your future!





Posted by Cove Real Estate on 1/5/2018

There’s a lot more to interior design than simply picking out the latest trends in home decor. Design principles are also used to make the atmosphere of your home spacious and welcoming, and to make your home livable in a practical way.

 In spite of the fact that most people will own a home someday, no one is ever really taught interior design. So, it comes as little surprise that so many people are missing out on simple techniques that can drastically improve their home.

 In today’s article, we’re going to share with you some of the best interior design and decorating secrets to help you spruce up your home and make it more practical at the same time.

Low ceiling? No problem

Having a low ceiling can make it difficult to decorate and make your home seem spacious. One great workaround is to avoid tall furniture and seek out chairs with low backs, and bookcases that are wide rather than tall.

Omit hanging lights and ceiling fans and used recessed lighting instead to maximize your space and avoid having taller guests having to dodge objects hanging from the ceiling.

Finally, paint the ceiling white and remove crown molding to give the impression of openness.

Making small rooms feel larger

If you have a small home it can feel difficult to keep things uncluttered while still making sure you have everything you need. There are a few ways to make rooms feel more spacious that don’t involve throwing out your belongings.

First, add mirrors to give the illusion (literally) of space. A single or group of mirrors can be a nice decorative touch that makes a room seem much larger than it is.

Next, paint and decorate with mainly light colors or white. Dark colors will make a room feel smaller.

Lastly, take advantage of hidden storage space, such as tables with drawers underneath, and avoid putting decorations on too many surfaces. Filling the room up with objects will make it appear smaller.

The size of decorations matter

There’s a rule in interior decorating called the “cantaloupe rule.” It states that you should avoid using decorations that are smaller than a cantaloupe.

However, that doesn’t mean this rule can’t be artfully broken. A better description would be that you should omit several small decorations in favor of just a few large ones.  

Create a color palette

When choosing the color of your furniture, walls, and decoration it can be easy to just choose whichever color you like for that object rather than what works well in your home. Try making a color palette to adhere to when shopping for these items.

Create a house-wide palette and a palette for each room. Stick to three or four colors that complement each other well for each room, and make sure they aren’t too starkly contrasted from other rooms in your home.

If you aren’t sure about how to design a color palette there are several free online tools you can use to help.





Posted by Cove Real Estate on 1/2/2018


8 Seashore Park Drive , Provincetown, MA 02657

Provincetown

Condo

$379,900
Price

3
Total Rooms
2
Beds
1/1
Full/Half Baths
Ring in the New Year with a new home in Provincetown. This 2 bedroom, one and a half bath townhouse is part of a well-maintained association and is move-in ready. It has been completely painted throughout, new laminate floors have been installed in living, dining, kitchen and downstairs bath, all carpet has been cleaned on the second floor, both bathroom faucets have been replaced as well as a new toilet and light fixture in the downstairs bath. There is a large, unfinished basement which is great for additional storage. There are two deeded parking spaces for this unit and it has an exclusive deck in the back. There is a 30 day minimum rental policy. Pets for owners are permitted. This townhouse is perfect for year round living or seasonal use. Buy now and be in before summer.
Open House
No scheduled Open Houses

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Tags: Real estate   Condo   02657   Provincetown  
Categories: New Homes  


Posted by Cove Real Estate on 12/29/2017

From the time an offer is made on a property, and the deal is done, you may face quite a few challenges. Whether you’re buying or selling a home, the process can be dizzying. There are a lot of things that go on from the time an offer is accepted, and the closing table is reached. The entire process of home buying and selling is designed with built-in protections to help both buyers and sellers avoid feeling a lot of regrets. Below, you’ll find some familiar situations in the buying and selling process, and what’s available to help you avoid disappointment.


Once An Offer Is Accepted, Is It Binding? 


If you were overzealous to accept an offer on the home you’re selling and wish you had looked at others before making a decision, you’re not out of luck. Once you’re under contract, you’re obligated to sell to a buyer. The reason you may want to look at other offers is that it doesn’t hurt to have a “backup” buyer. If something falls through with the first buyer, the second buyer in line becomes automatically under contract. While you may not necessarily sell for more, in this case, there’s a sure way available to help you sell your home fast. 


The Buyer Doesn’t Have The Financing They Thought They Did


If a buyer’s financial backing falls through or if the buyer is unable to get financing by the closing date, as a seller, you can walk away. Any financial changes to the contract that would impact you as a seller including a change in the type of loan, downpayment amount, or any variation from the contract terms allow the seller to end the contract unscathed. 


Something Wasn’t Disclosed About The Property


Not everything is required to be disclosed by a seller. It all depends upon the rules within the state where you are buying. Understand what’s required to be revealed. If you feel uncomfortable with something, you can inquire about it, or add a contingency to have the problem addressed. Things like a death on the property can't be changed, for example. Your state may not even require that these events be disclosed.


The Home Inspection Raised Some Concerns 


If the home inspection reveals some issues that the seller isn’t willing to fix, you have the right as a buyer to walk away. In many cases, these problems would be things like wiring or plumbing issues. 


The Property Appraised For Less Than The Offer


If the property appraises for less than what you offered for the home, you may feel quite upset as a buyer. Don’t worry! There are a few things that you can do. Lenders won’t give you more than what the property appraises for. You can, however, bring more of your own cash to the closing table. You can also wait for the seller to adjust the asking price, or withdraw your offer altogether. The problem with the last solution is that you may lose any earnest money deposits      






Posted by Cove Real Estate on 12/22/2017

Many Americans who purchased their home when they had lower credit, a shorter employment history, and less money stand to gain from refinancing their mortgages. However, most miss out on this opportunity or don’t realize it in time to save potentially thousands in interest payments.

According to recent data, 5.2 million Americans could save, on average, $215 per month if they refinanced their loan. But many homeowners are hesitant to refinance.

Whether it’s because of the inconvenience, the cost of refinancing, the worries about something going wrong, or uncertainty about whether they’ll actually save money if they go through the process, millions of homeowners are missing out.

So, in this article, we’re going to talk about some reasons it may be a good idea for you to refinance. If you’re one of the millions of Americans with a mortgage who are thinking about refinancing, this post is for you.

Riding the wave of the economy

Interest rates on home loans are historically low right now. As a result, homeowners can save by refinancing simply due to changing tides of the real estate market. Although mortgage rates have increased slightly over the past two years, they’re still on the low end, so this could be your last chance to save.

To consolidate your debt

Credit cards, auto loans, and other forms of debt can add up quickly. If you have a high-interest rate on your other debts, refinancing could be a good way to consolidate and save.

This can be achieved through a home equity loan or by refinancing with a cash-out option. This means you refinance your mortgage for more than you currently owe and take the remainder in cash to pay off your other debts with high-interest payments.

Typically, you need to have at least 20% equity (or have paid off 20% of your mortgage) to be eligible for this option.

Small percentages count for more now

It was once said that refinancing only made sense if you would receive a lower interest rate of at least 1-2%. However, with the prices of homes increasing over the years, sometimes even a small change, such as .75% is enough to save you substantial money on your repayment.

You’re able to repay early

One of the best ways to save on a home loan is by refinancing to a shorter term. Going from a 30-year loan to a 15-year loan can save you thousands. There are several calculators available for free online that will enable you to estimate how much you could save by refinancing to a 15-year mortgage.

You got a raise

One of the best times to refinance is when you can be certain that you can afford to pay off your loan sooner. As people progress in their career, it isn’t uncommon for them to refinance their loan so that they can spend more each month but save in the long run.

Since you have a higher income, and likely higher credit, you can also refinance a variable rate loan to lock in a lower fixed rate.