A spectacular day at the Wequassett Inn, celebrating the Cape Cod Museum of Art!
Nadine Krasnow, CRS
by Nadine
by Nadine
As I mentioned, the market changed quickly and drastically a couple of months ago. As the chart above shows, there were 51 fewer homes for sale in March than there were in March 2014. This occurred because houses that had been on a long time were sold and were not replaced with fresh inventory at a sufficient rate. Currently we have 279 houses on the market, not enough to satisfy the spring surge of buyers, which makes the process very discouraging. My own experience as a buyer is typical.
And I’m sold out. This is the first time in a very long time, and truthfully, I’m not a fan. So if you or anyone you know is thinking about selling a home, please think of me. The seller’s market is just what it says: very favorable for sellers. The prices are strong, and an accepted offer will happen quickly. None of us have a crystal ball, so there is some urgency to the concept of “no time like the present”.
If your concern is that okay, you can sell, but will you find anything to buy in time, Claudette Vickery from Santander Bank has a loan that functions like bridge loans used to. It allows a buyer to commit to a purchase without having a home sale contingency before the present home is sold. It’s a fabulous product in this market.
I welcome hearing from you!
by Nadine
The other first-place contender is this classic, charming antique with almost THREE acres that abut conservation land donated by this seller. The setting and the land are exquisite. As soon as I drove up, I pictured a family with kids and their friends having a ball on the property – running, playing, climbing trees, creating imaginary worlds. In addition, there’s an amazing barn with an apartment, family room, and studio. Plus a new, separate garage. And, and, and…
This house is also on a small dirt road and directly on the water. The difference is that this one has its own 100-foot dock. It’s been completely renovated in great taste, and the views are wonderful. In addition, it has a hot tub, gazebo, and a deck of probably 100 feet – lots of fun for you and your friends. The unusual aspect is that it’s a legal two-family, with a lower level apartment that offers nice privacy for your guests or the option of an easy rental. Ka-ching!
Here’s where I first thought about the party house concept for this newsletter. The house is big – 5,180 s.f. (not including the lower level), with 5 bedrooms, 5 baths, and stunning ocean and Vineyard views. It has its own dock, sauna, party deck – you name it! The only caution is that there are lots of stairs. But that also affords lots of places for lots of people to be spending time without tripping over each other.
by Nadine
Lately, it seems that I’ve been seeing a lot of houses that make me think, “Wow, what a great party house!” Below are some.
#21501461
59 Old Menauhant Road, East Falmouth
$799,900
This house captivates! Tucked away off a small dirt road, with over two acres directly on the water, it’s been completely gutted and renovated in the last couple of years. Inside and out, there’s nothing disappointing about this house, and the 700 feet of wrap-around deck will easily accommodate however many guests you have.
#21501812
36 Seascape Lane, North Falmouth
$825,000
by Nadine
#21500128
51 Carlson Lane, #10, Falmouth
$439,000
I bid on this one without seeing it. Would you do that? But from my familiarity with other units in the complex, and the photos in MLS, I had a good idea what it was like. I was in Florida, so I did my due diligence online and determined what a fair price would be, given the recent sold comps. Submitted the offer; rejected again. A week later, I resubmitted. You know what happened. It’s still available.
#21501096
4 North Bournes Pond Road, East Falmouth
$549,000
I like this house because it has a nice, open floor plan and is reasonably young. It’s on a great cul-de-sac that comes with a pathway to the kayak launch on North Bournes Pond. And it’s a straight shot to Menauhant Beach. My first offer, a good one, was refused. A week later, I resubmitted it. Refused again. Still on the market. Betcha it sells at or below what I offered.
Falmouth Fine Properties Nadine Krasnow, CRS
P.O. Box 664, Falmouth, MA 02541
Office: 508-457-7552 • Mobile: 617-921-7552
Email: capecodnadine1@gmail.com
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