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Buying at Ocean Edge? Why You Should Consider A Real Estate Agent

Buying at Ocean Edge Why You Should Consider A Real Estate Agent

For many, buying a condo or house is the largest purchase they will make in their lifetime. You might be tempted as a home buyer to cut the cost of buying a home by not using a real estate agent. For some people that works out just fine, and their home purchase goes well as far as they are concerned without using a real estate agent. However, if you are thinking of buying an Ocean Edge condo in Brewster without the assistance of a real estate agent, you need to really evaluate your ability to do this all on your own. Are you willing to sign a legally binding contract to purchase a condominium for hundreds of thousands of dollars without a professional on your side looking out for your best interests? Every year, home buyers make the decision to go without a real estate agent and end up spending an excessive amount of time and their own money trying to find the right home. Purchasing a home without a real estate agent is taking a gamble. If you are thinking about buying an Ocean Edge condominium in the near future, here are the reasons why you should consider a real estate agent.

What it Takes to Become a Real Estate Agent

A real estate agent went to classes in order to become a licensed real estate agent. Once they pass the exam to become an agent which tests on both state laws and real estate practices, they start working for a real estate broker. The real estate broker takes the agent under their wing and gives them the practical experience that they need to become successful in the field. It is in the broker’s best interest to train the agent well in their philosophy and ensure that the agent maintains ethical standards because they are a direct reflection on the real estate broker. In real estate, your reputation is everything. It is just as important to the real estate agent to build up their relationships in the community as it is for the real estate brokerage.

Ocean Edge Real Estate Agent.

The Ocean Edge Condo Buying Process

The process of purchasing an Ocean Edge condo usually starts with an initial offer to buy a home. A thorough inspection of the home is conducted, which the home owner consented to being performed before the purchase. The inspection could come back as fine, and you can go ahead in purchasing the property or the inspection could uncover some issues that may make you want to lower your offer or cancel all together. Since you wrote an offer, and that is a binding contract, you want to make sure that you are protected by writing in a contingency that states that if there is a problem with the inspection you can back out of the deal. You do  not want to be stuck buying an Ocean Edge condo that will cost you lots of money to get fixed up. Your agent has the experience to know what problems could potentially pop up and how to protect you from them. Worried about the home buying process? Check out our blog “Top Home Buyers Fears and How to Face Them.”

Do Your Homework

If all of this information has you thinking about hiring a real estate agent, make sure you do some research before hiring. Ask your friends and family if they have anyone that they recommend from their experiences. Also, you want to find a real estate agent that is an expert in the area in which you are buying. For example, Michael Leighton has been the #1 Real Estate Agent at Ocean Edge since 2004. Within the Ocean Edge complex, there are a lot of things to take into account when purchasing a condo. A real estate agent that has been through numerous transactions within that condo community will know what is typical, what is not and how to make the purchase a smooth and relatively stress free experience. Hiring a friend who just got their real estate license or the first person that pops up in a Google search for real estate agents on Cape Cod is most likely not the best person to represent you in this monumental purchase.

Do Your Homework when purchasing an Ocean Edge condo

The Cost of a Real Estate Agent

When you first meet with a real estate agent, you will discuss the agent’s compensation. Honestly, the cost of a real estate agent working with you on your Ocean Edge condo purchase will most likely pay for itself. A real estate agent is trained to negotiate and get you the best deal possible for the condo you are buying. The percentage they save you on the home could possibly cover the real estate agent’s cost. Or if there is a problem with your property that requires remedy, the agent could save you on the cost of repairing it yourself by making a contingency that the owner either fixes it before you move in or gives you the money to cover the cost of having it repaired when you do own the home.

The bottom line is that you should not focus too much on how much hiring a real estate agent takes away from your home profit, because their experience and knowledge about the market is invaluable when trying to negotiate the right price. A real estate agent wants to help you find a home and get you the best price possible. Their skill set from working in the field and learning in the classroom about the laws makes their services well worth the money. For more on what potential issues could arise when closing on your dream home, check out our blog “5 Closing Day Problems and How to Fix Them.” The blog will give you insight into what you might face and how your real estate agent can help you get through it.

Ocean Edge Condos currently For Sale

Take a look at what Ocean Edge condos in Brewster are currently for sale:

View all Ocean Edge Condos For Sale

Why You Should Consider a Real Estate Agent

Real estate agents are here to protect you and your investment. The Ocean Edge condo you purchase is likely to be one of the bigger purchases you make in your lifetime, why not hire a professional to make sure you are getting the best deal and the right property. The cost of a real estate agent is minimal compared to what they bring to the table in experience, which will make your home buying experience much easier. You real estate agent can help you avoid making some common first time home buyers mistakes. Check out our blog, “4 First Time Home Buyers Mistakes to Avoid” so you do not fall into these easy to make mistakes.

Find Your Ocean Edge Condo Under $200,000

Find Your Ocean Edge Condo Under $200,000

Purchasing an Ocean Edge condo under $200,000 in Brewster is an affordable way to own your own piece of Cape Cod to live in or rent as an income property. The amenities available to owners and renters are second to none and make it a very desirable location to both buy and rent.

Ocean Edge Condo Under $200,000

Take a look at what Ocean Edge condos are currently for sale under $200,000 which is an amazing value for this sought after condominium community.

View All Ocean Edge Condos Under $200,000

When you consider the beautiful grounds, pools, fitness centers, access to the Cape Cod Bay beaches, and award winning golf course, this seems too good to be true. However, Ocean Edge has a condo style to match every taste and every budget making the Cape Cod dream a reality for most without compromising in the quality of the home you are purchasing.

Ocean Edge Memberships

Ocean Edge has a variety of membership packages to choose from. There is a sports package, a sports/beach package and a golf package. The golf membership gives you access to the exclusive and amazing 6,665 yard Nicklaus design golf course. The sports package gives you access to the pools and fitness centers on the property grounds. Lastly, the sports/beach membership gives you access to not only the pools and fitness center but also the Cape Cod Bay beach on the property.

The fees for these packages are separate from the association fees, so that needs to be taken into account when budgeting your upfront costs and monthly costs. In order to participate in the different memberships, there is an upfront/initiation fee as well as an annual fee for these packages. For details about pricing and what is included in these packages, take a look at the Ocean Edge Membership page. Purchasing an Ocean Edge condo under $200,000 is an affordable way to own a piece of Cape Cod and by joining the Ocean Edge club you also get access to these one of a kind and amazing amenities.

Ocean Edge Membership

Buying at Ocean Edge Brewster

Now is the time to purchase your Ocean Edge condo under $200,000 because you can not beat the value and options currently on the market. Ocean Edge is a highly desirable condominium community to live in and vacation during the summer time so whether you are looking for your forever home or an investment property it is the place for you to invest. Contact the team at Leighton Realty to schedule a showing at one of the five properties today. Michael Leighton has been the #1 Agent at Ocean Edge since 2004 and the #1 Agent in Brewster since 2007.

To view all Ocean Edge condos for sale take a loot at our Ocean Edge For Sale page.

5 Things to Consider When Buying a Condo at Ocean Edge

5 Things to Consider When Buying a Condo at Ocean Edge

Purchasing a home can be very stressful. First, you need to find the right condo that you can afford in the town you would like to live in. Then you need to find a condo that has the amenities that you need with reasonable condo fees. It can be quite overwhelming. Fortunately, you have taken care of a lot of the stress already by deciding that you are buying a condo at Ocean Edge. The amenities are second to none, and there are so many different condo layouts to choose from, you can’t go wrong! Brewster is centrally located on Cape Cod, so you can not beat the location. You have made a wise decision when you decided that you are going to be buying a condo at Ocean Edge in Brewster!

Pre-Approval

Before you obtain financing for your mortgage, many financial institutions are insisting upon a letter of pre-approval in order to consider you for a mortgage product. Obtaining pre-approval in advance almost guarantees that you will be approved for a mortgage from a lender. Finding the perfect Ocean Edge condo, doing your research and not going ahead and getting pre-approved before applying for a mortgage with a lender could result in heartache for you as the buyer. Do yourself a favor and go for the pre-approval in the very beginning of your condo search for piece of mind and make financing through a mortgage lender a breeze.

Mortgage pre-approval

Cost

It is vital that you understand what it is going to cost you to buy your condominium before you even begin the purchasing process. This means understanding what you are expected to bring with you to the closing of your condo as well as what it is going to cost you every month to own your property. Before closing on your property, you need to decide whether you will come up with closing fees, have the owner cover the closing fees you accumulate, or if you are going to roll them into your mortgage payment. To find out what fees you can expect at closing, check out our blog “Hidden Costs of Buying a Home.

There are 5 components that make up your monthly housing bill. These 5 components are: principal, interest, taxes, insurance and condo fees. The principal is the money that is coming off of your selling price. The interest is the interest on your loan that you are paying off. The taxes are your assessed property tax and the insurance is your home owners insurance. The condo fee takes care of the exterior of the property (including landscape) and your membership package (if you choose to purchase one through Ocean Edge). It is important that you also figure in that you are going to be paying for monthly utilities. Ask your realtor to ask the current owners to give you an idea of what their utilities were during the summer and winter months so that you have an idea of what you could spend on your utilities.

Credit

Credit is a vital part of your ability to secure financing from a mortgage lender to buy your home. Mortgage lenders have strict guidelines you must fall into in order for you to qualify for different mortgage products with their institutions. This is why it is so important to have a handle on your credit before you start the house buying process. There are free apps and websites, such as Credit Karma that give you an estimated credit score so you can see what your credit score is at any time. Any changes that occur to your credit such as starting a new job, closing a credit card or a late payment will negatively impact your credit score, which could jeopardize your financing and ultimately buying a condo at Ocean Edge. For more tips on how to build your credit, check out our blog “Clean Up Your Credit Score Before You Buy.”

Credit Report

Budget & Timeline

Before you begin the process of buying, it is important to ask yourself what your personal timeline is for buying a house. Are you in a rush to find something right away because you just sold your home or is your rental lease ending soon? Maybe you’re staying with family while you look for a house, or have a month to month lease that is more flexible and allows you to take your time in searching for the perfect house.

Your personal timeline plays into budgeting for your home. Keep in mind that you are potentially signing a 30 year fixed mortgage, so how long are you planning on living in your new home? Since you have already budgeted for your mortgage payments, condo fees and other monthly expenses, you should have an idea of what to set aside every month to pay your bills. As long as you do not see your finances changing for the time that you plan on spending in your home, home ownership should be a breeze.

Prepare Paperwork

Every lender is different. Make sure you have all of the information you need when you meet with the financial institution to sign on the dotted line. Some examples of paperwork that you might need to bring with you is: divorce paperwork, birth certificates, bank statements, pay stubs, etc. Make sure you find out ahead of time what you will need, as some of the paperwork may take time to collect.

Paperwork for buying an Ocean Edge condo

Buying a Condo at Ocean Edge

Buying a home is stressful for anyone. However, if you are prepared for what is ahead, you can limit your stress if you know what to expect when buying a condo at Ocean Edge. Start keeping track of your credit score, secure pre-approval and obtain vital paperwork for your lender as soon as you decide you are ready to make the leap into home ownership. If you are currently renting and are unsure as to how to make the transition from renter to home owner, check out our blog “Renter to Homeowner: How to Make the Leap.”