Well it has been a long time since I saw a 3 bedroom home in Falmouth for under $100,000! But there it is in today's newest listings. A 3 bedroom ranch on a 1/4 acre with one bath.
So, if there is a reason to buy real estate in Falmouth MA, here it is! This one had the pipes burst, so it needs work, but if this isn't the bottom, I don't know what will be.
There are other new listings that are good values, too. I found another one yesterday that is a completely redone 3 bedroom 2 bath for $269K! It is on a good sized lot, and at the end of a cul de sac. The upper end has some deals too. There are new listings of beautiful homes over the million dollar mark that are very interesting values!
If people are waiting for "rates to go down," they may be waiting for a rate that may not come. And, the deals are here now. A difference of 1/2% on every $100K is around $32/month. Maybe if they are borrowing a huge sum the interest rate game is worth playing. But, while some are waiting for the rates to possibly maybe change a little more, others are going to be buying.
Massachusetts real estate has hit the bottom!
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker