Upper Cape Realty



Posted by Upper Cape Realty on 2/21/2018

Olde Cape Cod at Sagamore Beach! Its why you want to live by the coast. Stroll on the Beach, Bike and Fish on the Canal and enjoy the shopping and dining in Plymouth Village just minutes away. This is a truly a special new home by Ladd Homes located in the Open Space Community of Cape Sagamore. "The Gambrel" offers over 2300 square feet, first floor living with an open floor plan, lots of windows and light, gleaming hardwood floors, gas fireplace, super kitchen pantry, first floor master with zero entry luxury shower, first floor laundry room and much more. Construction by a builder who always has an eye on the details that matter. Beautiful expanses of open space, limited restrictive covenants w/all the amenities built right into the area, just a stroll to tennis & park & beach.

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Posted by Upper Cape Realty on 2/21/2018

If you’re buying or selling a home for the first time you’ll likely come across several terms and acronyms you’ve never heard before. When working with a real estate agent, he or she will likely do their best to put things in simplest terms for you to understand. But, it never hurts to do your research ahead of time so you’re prepared for the lengthy and complex process of buying or selling a home.

In this article, we’ll define some of the real estate terms you’re most likely to read or hear during your search for a new home, or when you put your current home on the market.

Common real estate definitions

  • Adjustable rate mortgage (ARM) - a home loan with a in interest rate which fluctuates throughout the payback term of the loan. The fluctuation typically aligns with changes in the housing market’s average interest rates.

  • Fixed rate mortgage (FRM) - Fixed rate mortgages have an interest rate that does not change for a predetermined period of time or for the entire length of the home loan repayment period.

  • Closing costs - Miscellaneous fees associated with buying a home. These include attorney fees, applications fees, taxes (property taxes, transfer taxes), underwriting costs, and more.

  • Transfer tax - A tax charged for when a property changes ownership. These vary by state. Some states do not have a transfer tax.

  • Appreciation and depreciation - Appreciation is an increase in a property value due to things like inflation. Depreciation is a decrease in property value due to market deflation, wear and tear on the property, etc.

  • Equal Credit Opportunity Act (ECOA) - A U.S. law that makes it illegal for a creditor to discriminate on the basis of the following: national origin, race, color, religion, sex, age, marital status, or to the applicant’s status as receiving public assistance from things like food stamps and social security.  

  • Mortgage escrow - an escrow is a neutral, third party agent or company which holds documents or funds until certain terms and conditions are met and a contract is fulfilled or terminated. For mortgages, lenders will often set up an escrow to pay insurance premiums and property taxes. These are typically added to your monthly mortgage bill.

  • Homeowners association (HOA) - a group of homeowners who regulate, maintain, and manage common spaces in subdivisions and condominiums. Monthly dues are typically required to upkeep common spaces. An HOA board made up of homeowners meets to vote on rules and regulations that members of the HOA must abide by.

  • Private mortgage insurance - a type of insurance that protects a lender if a borrower defaults on their home loan.

  • Exclusive agency listing - an agreement between a homeowner and a real estate broker giving the broker exclusive rights to list the home.

  • Assumable mortgage - a home loan that enables a buyer to take over the seller’s mortgage payments and loan terms.

  • Fair Credit Reporting Act (FCRA) - A U.S. law which promotes privacy, fairness, and accuracy in reporting your credit score to lenders. This lets you correct inaccuracies and prevent certain information from being used against you when applying for a loan.




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Posted by Upper Cape Realty on 2/14/2018

You want to buy a house, but you know that you need to save as much money as possible for a down payment. Although you've tried to save money in the past, your best efforts have failed to help you collect the funds that you'll need to make a down payment on your dream residence.

Let's face it – saving for a home can be difficult. Fortunately, we're here to offer creative ways to help you get the money that you'll need to make your homeownership dream come true.

Now, let's take a look at three creative ways to save for a down payment on a house.

1. Start a Friendly Competition

Competition often brings out the best in homebuyers. Much in the same vein, you and your friends may be able to compete against one another to see who can save the most money for a down payment on a home.

If you and your friends intend to buy a home together or separately, a friendly competition can make a world of difference in getting the required funds for a down payment. In fact, you can even award the winner of this competition with an "Ultimate Saver" trophy or other fun prizes.

Ultimately, a friendly competition is a great way to have fun with friends and save money for a down payment on a house at the same time. Regardless of who wins the competition, you'll notice that your down payment savings will increase, moving you one step closer to acquiring your ideal residence.

2. Use a Rewards System

Saving for a down payment on a home may seem like a long, arduous process. However, if you build rewards into your day-to-day savings efforts, you can earn incentives as you reach various milestones.

For instance, you may want to reward yourself with a special dinner every time that you reach a savings milestone. Or, you can always celebrate hitting a savings milestone with a trip to the dog park with your puppy.

3. Trim the Fat from Your Budget

It sometimes can be tough to remove cable TV, takeout meals and other excess items from your budget. But if you consider the long-term benefits of these short-term sacrifices, you may be better equipped than ever before to save significant funds for a down payment on a home.

Look closely at your daily, weekly and monthly budgets. Then, you can determine which budget items are essential and which are not and trim the fat from your budget accordingly. This will allow you to speed up the process of saving for a down payment on a house and ensure that you can achieve your homeownership dream faster than ever before.

Lastly, as you prepare to explore available homes, don't hesitate to reach out to a real estate agent for extra help. By hiring a real estate agent, you can get the assistance that you need to discover a great house that falls within your price range.





Posted by Upper Cape Realty on 2/13/2018

40,000 sq. ft. lot located on busy Rt. 28, Cranberry Highway, in a general commercial area. Zoned SC (strip commercial). The lot is level and has a 200 ft. frontage improved with a 1700 sq. ft. residence. Attached to the house is a garage and work shed. Location is ideal for family run business.

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Posted by Upper Cape Realty on 2/13/2018

Exceptional Strategic location with direct exposure on I-195 with easy access to Routes 28, 25 and 495 as well. Located in an expansion hub at Wareham Crossings and Rosebrook Medical Center Developments.Single level Office/R&D flex building. Space is divided into Office, Production, Display and Warehouse space. Plenty of parking, number of spaces not identified in town record.

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