Provincetown Real Estate: Buyers, do not miss the boat!

I recently received an e-mail from a Buyer Client who is not ready to buy yet and was checking out my website to see if prices have fallen here in the Provincetown area of Cape Cod.  I thought it would be valuable for any Buyer to read what I wrote back to my Client.  Here is what I wrote:

"Provincetown is a very unique area with very limited land, with almost no more land that can be built upon.  This area of Cape Cod is a huge second home market.  As such, most Buyers in the past purchased property with at least 20% down, have terrific credit, good assets, etc.  As such, we have seen only a very small handful of short sales or foreclosures compared to "middle America".  Thus, prices have only softened here by maybe 10%-15%, except in those very few rare cases where a Seller had to sell......or if the property was drastically over-priced to begin with regardless of market conditions.

Sales here are good.  Buyers are still buying here because of the life style this area of Cape Cod offers, while inventory is good and mortgage rates remain at all-time lows.  Thus, the bottom line to everything I am saying is that you should buy when you are ready, willing and able to buy.  Prices are remaining firm.  When the economy does turn around and becomes very strong, prices could rise at a decent pace again. You should buy when you are ready in your heart to own a special piece of Cape Cod......don't try to time the market!  Whether it is the stock market or the real estate market, or any other market.....if you try to time the market, you will probably loose in the end.

Please feel free to reach out to me anytime with any questions or concerns.  I am here to help."

I never want to push anybody into doing something they do not want to do, I never act like a pushy salesman.  I am extremely proud that Buyers hire me to be their Professional Real Estate Adviser for honest advice and look out for the interest above my own interest.  This fact makes me extremely successful! 

If you would like to speak with me about your personal real estate goals and objectives, please feel free to call me at 508-237-4632 or e-mail me at Rick.Tourgee@Century21.com.  Feel free to visit my website to browse through many of the condos and homes on Cape Cod for sale.