Cove Real Estate



Posted by Cove Real Estate on 11/9/2018

The age-old problem of trying to stretch your household budget is a challenge nearly everyone grapples with at one time or another. If you're confounded by the fact that your paycheck(s) seem to disappear within days of depositing them, it may be time to examine your spending habits.

Creating a written budget is often an eye-opening experience, especially if you haven't taken the time to do that recently -- or ever! Itemizing all your monthly and periodic expenses can not only help you realize where the money's going, but it can also give you a greater feeling of control over your life. As an added bonus, reviewing your household budget a couple times a year will also increase your awareness of your debts, your income, and your spending habits. Once you know how tight your budget is and whether you need to reduce expenses or increase income, you'll be in a stronger position to effectively manage your family's finances.

  • Creating a budget: Whether you prefer to use spreadsheets, software, or just a simple income-versus-expenses chart, setting up a budget will help put you in the driver's seat of your cash flow situation. While there are many distinctions between running a business and managing a household, there are probably more similarities than differences!
  • Identifying "money leaks": If your family's budget seems tighter than you'd like it to be, one possible reason is that you're spending more than you need to on some expenses. The perfect examples are homeowners' and automobile insurance. You've probably seen and heard countless ads for well-known insurance companies that say they can save you hundreds of dollars a year on your insurance policies. If you've been dismissing those claims as mere hype, consider the possibility that you may actually be paying more on your insurance premiums than necessary. It may be worth your while to have your insurance agent review your policy with you to make sure you're getting all the coverage you need and the discounts to which your entitled. The best way to remove any doubt is to get two or three quotes from other reputable insurance companies. You can often do this through email or online, so you shouldn't have to go to time-consuming office appointments just to get a few insurance quotes. To compare "apples to apples," make sure to use identical coverage amounts and deductibles for each estimate your seeking; hopefully the agents you deal with will remind you of that. It's also possible to save hundreds more dollars a year by contacting your cable TV company, Internet service provider, and cell phone service (It might be one company) to discuss ways your bill can be lowered. The first step would be to examine your latest invoice and determine whether you're paying for services you don't use or need. If you see charges that are excessive or confusing, don't hesitant to get on the phone and have those issues clarified. If inconsistent utility bills are a problem, then switching over to a monthly budget plan will make your expenses more predictable and manageable.
While there are many strategies for reducing your expenses and regaining control of your household budget, information and a healthy sense of skepticism can often be your most valuable resources.





Posted by Cove Real Estate on 11/2/2018

If you donít have a lot of cash on hand to secure a home with a sizable downpayment, you might feel stuck. Itís quite a feat to be able to save up the 20 percent cost of a home that is generally required to purchase a home. Your options may seem limited when you want to own a home. There is one option that could be a good idea to consider when youíre in this situation. Thatís the idea of finding a rent-to-own property. 


How Does A Rent-To-Own Property Work?


First, know that these properties are hard to find. Thatís why you may not have thought of it as a first option. When you do find a property like this that suits your needs, you should know all of the ins and outs before you commit to the home. The agreement works just as it sounds, but there are always a few bits of extra text that can make the difference in any agreement in a rent-to-own property. 



Lease With A Purchase Option


With this type of agreement, youíll need to pay what is called an option fee in order to give you the right to purchase the property at a later date. The seller is then required to sell the property to you as a tenant and apply the option fee to the price of purchase. If for some reason you have paid the option fee and decide to walk away from the property after a time, the money that you have paid as an option is simply lost. The option fee is usually a percentage of the purchase price ranging anywhere from 2-7 percent of the homeís price.  


Lease And Purchase Agreement Rolled Into One


In this type of rent-to-own agreement, both the tenant and the seller agree on fixed purchase price for the home, or agree that a purchase price will be determined at a later date through an appraisal. Everything is set up from the beginning including the closing date for the home.


This type of deal in a rent-to-own situation is often considered the better choice. Know that a fixed price option may put you in a better financial position than an appraisal option. Youíll have instant equity in the property when you buy it. This is especially helpful in high competition markets. In any other types of market, you may be better off with an appraisal. This ensures that you donít overpay for the house.


How Your Rent Payments Apply


Rent-to-own gives you an advantage in that you get the added benefit of rent credits. This is where a percentage of your monthly rent payment is applied to the purchase price of the home. The amount of percentage thatís applied will be agreed upon with your landlord ahead of time.


While a rent-to-own option to purchase a property can be a bit more complicated than other ways of purchasing a home, it can be a great way for people different financial situations to become home owners. Make sure you go over everything carefully before you sign anything so that you fully understand the agreement youíre entering into.       

     








Posted by Cove Real Estate on 10/29/2018

This Condo in Provincetown, MA recently sold for $680,000. This style home was sold by - Cove Real Estate.


606 Commercial Street , Provincetown, MA 02657

Provincetown

Condo

$659,000
Price
$680,000
Sale Price

3
Total Rooms
1
Beds
1/1
Full/Half Baths
Perfectly done! Newly built contemporary cottage accented with Provincetown character and charm. Located next to the acclaimed Suzanne's garden and approximately 50 steps from the beach, this home's interior and exterior were carefully designed to work seamlessly in delivering stunning views of its verdant gardens and rolling lawn. The home is on two levels. The first level is an open living space with cathedral wood ceilings and lots of light. The custom-designed kitchen accents the space with its strong horizontal and vertical lines. There is a large stone entertainment and prep island, high-end appliances with wood paneled refrigerator and dishwasher, plus a pantry enclosed washer and dryer. The living space is generous in size and transitions elegantly through French doors to a

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Tags: Real estate   Condo   02657   Provincetown  
Categories: Sold Homes  


Posted by Cove Real Estate on 10/28/2018


177 Bradford Street , Provincetown, MA 02657

Provincetown

Condo

$389,000
Price

1
Total Rooms
1
Beds
1
Baths
East End Studio With an Amazing Views... this charming studio unit has great appeal. It lives larger much than it is. With a nice size kitchen, sleeping and sitting area plus a bath with tub and shower, it is a very sweet Ptown getaway. Form the exclusive use area just steps from the unit, one experiences beautiful housetop and water views all around. There is a common laundry, propane heat and one car parking. Pets for owners and weekly rentals are permitted. This association is connected to the Town sewer. And, as a bonus, the unit is being offered furnished with few exceptions. So, all you need to bring is your suitcase. Come take a look.
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 10/27/2018


1 Heather's Way , Provincetown, MA 02657

Provincetown

Single-Family

$1,379,000
Price

6
Total Rooms
3
Beds
3
Baths
New Construction Single Family Residence..This 1874 sf single family home will include another 250sf lower level bonus room and a one car garage. It will have a great open floor plan with a chef's kitchen, den and full bath on the first floor. Upstairs will include a large ensuite bedroom+2 additional bedrooms and one bath. This beautiful home will have all the modern conveniences... 9' ceilings, high end fixtures and appliances, energy efficient gas heat, hardwood floors and radiant heat in tiled baths, central A/C, gas fireplace, interior access to finished lower level, outdoor shower, ample parking, large yard, and a screened porch. Permits in hand and expected completion in summer of 2019, but Owner is ready for Buyer's input now! Plans included. Buy early in the process and have
Open House
No scheduled Open Houses

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Categories: New Homes