Sandwich Foreclosures

Bank Owned Properties

Sandwich's average value for homes is $368,851. An interesting bit of information is that Sandwich's home values saw an increase of 6.4 percent from last year, and estimates indicate they will go up 3.5% further by next year. The homes listed average $233 per square foot, lower than the average amount of $297 in the Cape cod area. The average price for homes currently listed in Sandwich is $389,000. Homes on the Cape are an attractive option for a first-time buyer or an investor. Many of the homes in this community were built early in the 1800s and 1900s and are renovated to include modern amenities that buyers want. Country-style kitchens with attached pantries, first-floor master suites, and living rooms with cozy fireplaces. Newer homes feature master suites with expansive, walk-in closets, first-floor laundry areas, and finished basements for use as a playroom for the kids, a media room, or home office. The rate of homeowners who default on their mortgage in this town is 3.7 homes per 10,000, which is lower than the rate of other towns on the Cape but is still significant. Delinquent mortgages in this community stand at 1.8 percent.

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Short Sales

One way in which to get an outstanding deal on a home on the Cape is to investigate short sales which are different from foreclosures. A short sale may transpire when the borrower owes more on their home than the market value. The lender may choose to sell the property through this type of sale to recover part of the loan amount rather than have the property owner default on the loan. A short sale may take longer to finalize than a traditional home sale, but the loss to the lender is less than the alternative.

It's vital to work with a professional with experience in negotiating short sales. Boston City Properties has the expertise to guide you through a short sale. Sign up to receive the most updated listings of short sale properties on the Cape and around Massachusetts. The bank or mortgage company must approve the short sale for it to proceed. The property owner must provide documentation stating that they can no longer make the payments on the property and include substantiating documents. Due to the complexity of these sales. They can take longer to finalize. However, the buyer can realize substantial savings when buying property through a short sale.

One of the first steps to take in a short sale is to identify the likeliest properties to make an offer on. We can send you updates on properties that are available. If the sale is financed, make sure to be pre-approved for the loan. Lenders hesitate o work with a potential buyer that hasn't gone through the pre-approval process. A home inspection is a necessity as it can prevent problems with the property in the future. Lenders are willing to work closely with a buyer if they're prepared to offer cash for the property, and the sale may be finalized quicker.

Geographic Location

Sandwich on Cape Cod is in Barnstable County with a land mass of 44.2 square miles. The town is at the entrance of the Cape Cod Canal. The borders are Cape Cod Bay to the north, Falmouth and Mashpee to the south, Bourne on the western side, and Barnstable on the east. the community is 57 miles southeast of Boston. The canal divides the northern section of town including Scusset Beach Reservation and Sagamore Hill from the rest of the town. Six beaches run along the bay. The geography is similar to other communities on the Cape with wooded areas of oak and pine, hills, and ponds. Old Harbor Creek is fed by a number of other creeks and was once a safe harbor.

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