Guide to Buying Cape Cod Property

wellfleet real estate | provincetown homes for sale | cape cod real estate agents

Let the sales professionals at Atlantic Bay Sotheby’s International Realty, the most experienced real estate consultants in Provincetown, Truro and Wellfleet, assist you with buying Cape Cod property.

Here is our Cape Cod real estate buyer’s guide.


 

  1. Choose a sales agent with local knowledge: Atlantic Bay Sotheby’s International Realty has been in business for over thirty years assisting buyers with real estate transactions on Outer Cape Cod involving all types of property. Our seasoned professionals are full time residents most of whom have more than ten years of local real estate experience, and who participate in many different community activities. We have vast experience in the areas of residential, investment, commercial properties, land and IRS Code 1031 exchanges in Wellfleet, Provincetown and Truro. Our agents really know their markets and are an invaluable source for those buying Cape Cod property.

  2. Search for Property: Utilize the Atlantic Bay Sotheby’s International Realty website for direct complimentary access to the Cape and Islands Multiple Listing Service. Identify properties of interest and work with one of our experienced real estate professionals to guide you through the process. Before you even come to look, we can preview the property, and provide you with additional photographs and a video tour as well as any additional information that you require.

  3. Financial Pre-qualification: A helpful suggestion for buyers is to do a little homework before hand. Consult a lender of your choice and pre-qualify for your purchase range. This can position you favorably further on in the process. We would be pleased to put you in contact with a number of local lending institutions and mortgage professionals.

  4. Come and look at property: Our sales professionals will arrange appointments at your convenience and accompany you to look at all of the properties that might fit your criteria.

  5. Offer/Negotiation/Acceptance: Once a buyer identifies a property that meets their needs, an Offer to Purchase is presented to the seller along with an earnest money deposit; negotiation takes place and acceptance of the offer if a satisfactory meeting of the minds is reached between the two parties.

  6. Inspections: Buyers are encouraged to do any property inspections that they wish. They may include, structural, pest, radon or other inspections. In Massachusetts, it is the seller’s responsibility to provide the buyer with a current Title V septic inspection should they have that type of waste disposal system on the property.

  7. Purchase and Sale Agreement: This document sometimes referred to as a contract is generally prepared and reviewed by the attorneys that represent the two parties. Also known as a “P & S” this document typically carries over the terms of the Offer to Purchase and usually contains additional terms. An additional deposit from the buyer is usually required with the signing of the P & S.

  8. Closing: After all contingencies are met, the property changes hands with remaining payment due and a property deed which is recorded at the Registry of Deeds in the county within which the subject property is located.