OUR CAPE COD HOMES TEAM - EXIT Cape Realty



Posted by OUR CAPE COD HOMES TEAM on 8/14/2018

There are so many factors that go into finding and securing the financing to buy a home.   While lenders require quite a bit of information for you to get a loan, you still need to be aware of your own financial picture. Even if youíre pre-approved for a certain amount of money to buy a home, you still need to dig into your finances a bit deeper than a lender would. The bottom line is that you can't rely solely on a lender to tell you how much you can afford for a monthly payment on a home. Even if youíre approved to borrow the maximum amount of money for your finances to buy a home, it doesnít mean that you actually should use that amount. There are so many other real world things that you need to consider outside of the basic numbers that are plugged into a mortgage formula.   


Run Your Own Numbers


Itís important to sit down and do your own budget when youíre getting ready to buy a home. You have plenty of monthly expenses including student loan debt, car payments, utility bills, and more. Donít forget that you need to eat too! Think about what your lifestyle is like. How much do you spend on food? Do you go out to the movies often or spend a regular amount of cash on clothing? Even if you plan to make adjustments to these habits when buying a home, youíll want to think honestly about all of your needs and spending habits before signing on to buy a home. 


Now, youíll know what your true monthly costs are. Be sure to include things like home insurance, property taxes, monthly utilities, and any other personal monthly expenses in this budget. If you plan to put down a lower amount on the home, youíll also need to include additional insurance costs like private mortgage insurance (PMI).


The magic number that you should remember when it comes to housing costs is 30%. This is the percentage of your monthly income that you should plan to spend on housing. Realistically, this could make your budget tight so this is often thought of as a maximum percentage. By law, a lender canít approve a mortgage that would take up more than 35% of your monthly income. Some lenders have even stricter requirements such as not allowing a borrower to have a mortgage that would be more than 28% of monthly income. This is where the debt-to-income ratio comes into play.


As you can see, itís important to take an earnest look at your finances to avoid larger money issues when you buy a home.  





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Posted by OUR CAPE COD HOMES TEAM on 8/7/2018

You know that your credit score is incredibly important when you want to buy a home. Thereís certain things that you could be doing in your everyday life that are hurting your credit score. Hereís what you need to avoid in order to keep your credit score up:


Donít Allow For Too Many Credit Inquiries


When youíre at the checkout lane at the store, and the clerk informs you that you can save a lot of money if you just open this instant credit card on the spot, that can pose a problem. The issue with this is that the store will be instantly checking your credit score as well. These inquiries hang on your credit report for a certain amount of time. Certain inquiries can also make your score dip. Too many credit inquiries can make lenders suspicious of your ability to be a dependable borrower.



Unpaid Bills Can Add Up


If you forget to pay small credit card bills here and there, it could add up. Think of things like library books, medical bills, and credit card payments. That unreturned library fee that you never paid could come back to haunt you. A medical bill that was sent to collections can become a problem on your credit report. Most of the time, all you need to do is pay these fees up for your score to bounce back. 


Credit Report Errors


Your credit report could have incorrect information about your financial situation and records. Your credit score could be dragged down just because of some errors on the report. If you do find an error on your report, youíll be able to submit a claim to rectify the error. 


Using Too Much Of Your Available Credit


Just because a credit limit is at $5,000, doesnít mean that you need to max it out. Even if you pay your bills each month, using too much of your available credit can really harm your score. For your credit score to be calculated and to see how loan worthy you are, your total available credit and how much of that total credit is being used will be put into a formula. Beware of how much of your credit you use in order to keep that score up.


Not Touching Your Credit


You actually need to use your credit in order to build your score. You need credit history in order to have something for loan officers to work with. Accounts that become inactive over time will be closed by default and actually negatively impact your score. 


By using your credit responsibly, youíll keep your credit score up and be in good shape to buy a house.





Posted by OUR CAPE COD HOMES TEAM on 7/31/2018

It must have been frightening, in the days before the internet, to move to a new place that you knew little about. The culture, the people, the things to do--all of these things are now at our fingertips thanks to Google and others.

However, it can still be difficult to get used to a new town, especially if youíre moving far away from your previous home. So, in this article, Iím going to give you some tips on how to investigate your new town. That way, youíll have a good idea of what kind of things you can do for fun, where to eat, and countless other things you might want to know about the place youíll soon call home.

The lay of the land

A good place to start your search is on Google Maps. From here you can explore your future neighborhood; find out how close you are to grocery stores, parks, hospitals, and even get an estimate on how long your work commute will take each day.

Since many of these places will have ratings and reviews, you can also take some time to read the reviews for popular places around town.

Eating around town

It can seem like youíre always flipping a coin when you eat at a new restaurant. When you move to a new town, youíll have to discover new favorite places to eat. However, you donít have to do these experiments on your own.

Check out Yelp reviews for local restaurants and cafes to get a sense of the pricing and atmosphere. This way youíll give yourself the best possible chance of enjoying the experience.

Meeting new people

Making friends is hard enough as an adult. In todayís world, many people meet their friends online or through other connections, rather than simply hanging around with their neighbors.

Luckily, sites like Facebook and Meetup make it easier to introduce yourself to like-minded people.

Browse local meetups that youíre interested in, and donít be afraid to try out a new activity or attend a paint night--you might meet new people and discover a new hobby all at once.

Most towns have a strong presence on Facebook in terms of things like groups and events. Joining local groups will give you an idea of the type of things people do for fun around town and give you a way to introduce yourself to new people.

Read the news

Many towns are covered by a local or regional newspaper. They can often be found online or at a local library or cafe. These newspapers are often the key to discovering the good and the bad about your new home, tipping you off to the things youíll want to pay attention to when you move.





Posted by OUR CAPE COD HOMES TEAM on 7/24/2018

Have you ever visited a butterfly garden and marveled at how beautiful it was to see so many butterflies happily fluttering along flower to flower? Did you wish that you could have that same experience more often?

How about every day?

By turning your flower garden into a strategically designed one that attracts butterflies this could be your reality every day! Hereís how to get started:

First, you should know that butterflies eat from different plants than caterpillars. And while you might be tempted to leave out the plants that sustain caterpillars if you want a consistent butterfly presence caterpillars are a critical piece to that puzzle.

No caterpillars mean no butterflies.

But choosing which plants to add to your garden for caterpillars is going to depend on your region. This list tells you what to plant based on butterfly species https://www.nwf.org/en/Garden-for-Wildlife/Wildlife/Attracting-Butterflies

Some plants that provide caterpillar are dill, fennel, milkweed, white clover, and parsley.

Nectar plants, from which butterflies eat from, include the butterfly bush, cosmos, purple coneflower, and zinnia. Alyssum. These are also fairly easy flowers to grow, which is great news if you donít naturally have a green thumb.

Some butterflies also like fruit! Attract them by placing overripe fruit such as oranges, pears, and melons in a dish in your butterfly garden.

Youíll want to create variety in plants that you add to your garden. Aim for a layout much like the one you would find in a more ďnaturalĒ setting. Look to add shrubs and trees in addition to perennials. Varying the heights of plants also helps to create a natural atmosphere.

Attract the eye of butterflies by clumping flower types together. Itís easier for them to see a larger expanse of bright colorful flowers than a couple ones spotted here and there. When they see a large swath of similar buds they know itís a good place to snack!!

Shrubs and trees are critical to your butterfly garden. They provide safety for caterpillars, shield your garden from wind which in turn encourages butterflies the ability to explore and also provides butterflies shelter to rest safely at night

Plan your garden to have plenty of time in the sunlight. Butterflies are cold-blooded and need to spend their mornings warming up in the sun before setting off for the day! Having a rock or two in these sunny areas will encourage butterflies to stay awhile and warm their wings. Ideally, these sunny spots will get around 6 hours of sun.

Another lesser known feature to include in your butterfly garden are what is known as puddling stations. A puddling station is essentially a shallow container filled with sand and water for butterflies to stop and perch on to drink. Have a few of these stations throughout your butterfly garden!





Posted by OUR CAPE COD HOMES TEAM on 7/17/2018

The home selling journey is an exciting time, and for good reason. Ultimately, the home selling journey represents a period of endless possibilities. And for those who start planning ahead for the home selling journey today, they may be able to enjoy immense profits down the line.

What does it take to reap the benefits of a profitable home selling journey? Here are three tips to help you do just that.

1. Understand the Real Estate Market

The housing market may seem like a moving target at times. However, home sellers who analyze the real estate sector closely can identify patterns and trends and plan accordingly.

Home sellers can look at the prices of recently sold houses in their cities and towns to better understand the current state of the housing market. Then, these home sellers may be able to differentiate between a seller's market and a buyer's market.

Also, home sellers can assess the prices of available homes that appear similar to their own. This housing market data enables a home seller to understand how his or her residence stacks up against the competition.

2. Assess Your Home Both Inside and Out

It never hurts to upgrade your residence, especially if you want to optimize your house's value. Fortunately, a home appraisal makes it simple to assess your house's interior and exterior so you can determine a competitive price for your residence.

A home appraisal requires a property inspector to look at a house's interior and exterior. Following the appraisal, a property inspector will provide a home seller with a report that details the condition of a house.

For home sellers, it is important to review all of a property inspector's findings. This will enable home sellers to identify opportunities to enhance their residences and prioritize various home improvement projects.

3. Collaborate with a Real Estate Agent

When it comes to enjoying a profitable home selling journey, it pays to go above and beyond the call of duty. With a real estate agent at your side, you can take the guesswork out of selling your home and move closer to getting the best price for your residence.

A real estate agent is committed to client satisfaction, and as such, will go the extra mile to promote your residence to the right groups of homebuyers. That way, you can boost your chances of receiving multiple offers on your home as soon as it hits the market.

Plus, a real estate agent will set up home showings and open houses and negotiate with homebuyers on your behalf. He or she will even provide expert home selling recommendations at each stage of the home selling journey. As a result, a real estate agent will help you streamline the process of selling your house and maximizing your residence's value.

Don't miss out on an opportunity to enjoy a profitable home selling journey. Instead, use these tips, and you can improve your chances of selling your home at a price that matches or exceeds your expectations.




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