I have identified 8 properties this week that are potentially good opportunities.

‘Peter’s Picks’ are tagged with high-lighted text.

 

Please contact me if you want to know why I like these properties:  Peter@SplitRockRE.com

 

So You Think You Are Ready To Buy A New Home.

 

Are you serious about buying a new home? Sure you are --- you’ve started looking at houses on the Internet and maybe you have even contacted a real estate agent to request more information on a couple of those houses. But have you done your homework and what exactly does that mean?

 

Since price is important, one of the most important things you need to do is find out how much house you can buy. How much money do you really have and how much money can you really spend?  Let me also say at this point that I am talking about how much money you can comfortably spend. I have never been a believer in spending what you don’t have and living on the ‘if come’. Look at all the recent home buyers who are suffering because the ‘if’ did not come.  In order to know how much house you can buy you want to meet with your financial advisor and get pre-approved for a loan, unless of course you are paying 100% with cash.

 

The other part of doing your homework is determining what it is you want to buy. “I want to buy a home”, you say. Okay, but do you know the style of house, the size of the house, the number of rooms, the location of those rooms, etc. You would be surprised how long a list you can create, so let’s create a list and start the process of narrowing it down.  In order to do that you need to have two lists, the first being a list of what you ‘want’, and the second being what you ‘need’.

 

There are many checklist forms available on the Internet to assist you, but remember one thing, the physical structure of the property you buy can be changed, but you cannot change the location. Real estate is first and foremost location, location, location. Decide exactly where it is you want to live; the town, the community, and even the street if possible. If you have children, you will want to think about the school system and how close you want to be to various amenities like parks and playgrounds, shopping centers, police and fire stations or religious institutions.

 

The idea in creating your list is to prioritize each item on that list. If you are a couple, the best way to make a list is for each one of you to make your own list of ‘wants’ and ‘needs’, and then when you are done compare your lists, combine them and pare them down to one list. When you are forced to make a choice your ‘needs’ should take precedence over your ‘wants’. It sounds like a lot of work --- and it is, but in the end it will be worth it. It will save everyone a lot of time, including your real estate agent.  Don’t forget to include in your list of ‘needs’ hiring an exclusive buyer agent, because only with an exclusive buyer agent will you be certain of uncompromised uninterrupted exclusive representation throughout the entire home purchasing process.  There is no opportunity for disclosed dual agency when working with an exclusive buyer agent.

 

This is a SAMPLE

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Real Estate Update for Week Ending – Mar 20, 2009

AVAILABLE PROPERTIES

Click on links below to view

 

Edgartown - 49 Mill Street

Listing Price:   $869,000

 

Edgartown - 1 Town Lot Circle

Listing Price:   $2,895,000

 

Edgartown - 36 Fisherman's Knot

Listing Price:   $749,000

 

Oak Bluffs - 15R Spindles Path

Listing Price:   $590,000

 

Oak Bluffs - 00 Windemere Road

Listing Price:   $950,000

 

Oak Bluffs - 38 Windemere Road

Listing Price:   $1,200,000

 

Vineyard Haven - 249 State Road

Listing Price:   $699,000

 

Vineyard Haven - 56 Leland Avenue

Listing Price:   $454,000

 

West Tisbury - 200 Longview Road

Listing Price:   $1,100,000

 

PRICE CHANGE

Click on links below to view 

 

Chilmark - 64 State Road

Current Price:   $1,300,000

Last Price:   $1,495,000

 

Edgartown - 27 Vickers Way

Current Price:   $633,900

Last Price:   $649,000

 

Edgartown - 20 Bettencourt Way

Current Price:   $949,900

Last Price:   $995,000

 

Edgartown - 36 Dark Woods Road

Current Price:   $1,130,000

Last Price:   $1,199,000

 

Oak Bluffs - 8 Circuit Ave. Extension #16

Current Price:   $249,900

Last Price:   $269,000

 

Oak Bluffs - 226 County Road

Current Price:   $359,500

Last Price:   $379,500

 

Oak Bluffs - 385 County Road

Current Price:   $439,000

Last Price:   $475,000

 

Oak Bluffs - 82 Grovedale Road

Current Price:   $550,000

Last Price:   $599,000

 

Oak Bluffs - 30 Brush Pond Road

Current Price:   $699,000

Last Price:   $925,000

 

Oak Bluffs - 10 Tamarack Lane

Current Price:   $3,250,000

Last Price:   $3,400,000

 

Vineyard Haven - 51 Summer Street

Current Price:   $469,000

Last Price:   $519,000

 

Vineyard Haven - 30 Lagoon Avenue

Current Price:   $510,000

Last Price:   $549,000

 

Vineyard Haven - 142 Franklin Terrace

Current Price:   $679,000

Last Price:   $795,000

 

West Tisbury - 48 Pin Oak Circle

Current Price:   $499,000

Last Price:   $515,000

 

West Tisbury - 677 Old County Road

Current Price:   $835,000

Last Price:   $1,195,000

 

West Tisbury - 40 Sumner Circle

Current Price:   $1,175,000

Last Price:   $1,295,000

 

West Tisbury - 248 Pond Road

Current Price:   $1,295,000

Last Price:   $1,395,000

 

SOLD PROPERTIES

To Search All Sold Properties click here > Recently Sold Properties

Click on links below to view  

 

Edgartown - 49 Anthiers Way

Selling Price:   $245,000

 

Edgartown - 6 Fern Avenue

Selling Price:   $204,000

 

Oak Bluffs - 14 Huntington Avenue

Selling Price:   $355,000

 

Vineyard Haven - 12 Park Avenue

Selling Price:   $500,000

 

Vineyard Haven - 57 Authier Avenue

Selling Price:   $461,000

 

West Tisbury - 111 Oak Lane

Selling Price:   $255,000

 

UNDER AGREEMENT

Click on links below to view  

 

Aquinnah - 3 Windy Hill Drive

Current Price:   $995,000

 

Oak Bluffs - 216 County Road

Current Price:   $375,000

 

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ALL PROPERTY INFORMATION FURNISHED BY LISTING BROKERS INCLUDING SQUARE FOOTAGE IS DEEMED RELIABLE BUT NOT GUARANTEED.

 BUYER NOTE: 2% LAND BANK FEE.

Peter C. Fyler, Owner/ Broker, REALTOR®,  EBA

CRS®, GRI, ABR®, CBR®, SRES®,  RSPS, e-PRO, LMC 

9 Windy Way, P.O. Box 1690, West Tisbury, Massachusetts 02575

508.696.9009 > Office ~ 508.965.2726 > Cell ~ 1.866.696.9009 > Toll Free

BuyersOnly@SplitRockRE.com – Email    ~    http://www.SplitRockRE.com – Web