Provincetown Real Estate Blog

Buyers often ask me if prices decrease during the winter on the Outer Cape.  It’s a good question, but the answer is contrary to what you might expect.   Even though our local population diminishes during the cooler months, the real estate market on the Outer Cape is active year round, and we don...

Seller Financing is becoming more common in today’s market.  Traditional financing requirements have tightened significantly and in general, our ailing economy has made it more difficult for potential buyers to save money. You may stand to benefit from ‘holding paper’ on the sale of your property...

If you are selling a property, you have no doubt seen other sellers offering incentives to make their properties stand out, and you are wondering if you should jump on the bandwagon. In a market with increased inventory, the challenge for sellers and their agents is to figure out what will captur...

There are many websites out there that are estimating property values and each one needs to be taken with a grain of salt.  Zestimates (the property value stated by Zillow) are all over the place.  We have seen them come within 5% of the sales price and other times we have known them to be off by...

The real estate market on the Outer Cape is holding its own.  In comparing sales from January through May of  2007 with activity from these same months in 2008, the sales volume in Provincetown is up slightly this year, Truro is about even and Wellfleet is down by 30%.  Following find a breakdown...

The best indicator of what your property is worth is an examination of recent comparable sales.  Your Seller’s Agent can provide you with a CMA, a comparative market analysis, which outlines these sales and estimates the value of your property.  Try to remain unemotional when you review this info...

Q: " I bought my house 8 years ago for $250,000.  Since that time, the value of my property has tripled.  I would like to sell my house and downsize.  I have never sold a property before and I heard that I do not have to pay Capital Gains tax if I am selling my primary residence. Is this true?" A...

Q:  I have been looking at condo cottages in Truro and Provincetown and I notice that many of the descriptions note that the units are seasonal. What does this mean? A: The town of Truro has a zoning by-law that limits the use of condominiums to seasonal use only.  The dates of permitted use are ...

Q:  I own a multi-unit building in Provincetown and I am thinking about converting it to condominiums.  What do I have to do? A:  Hire an engineer to create a site plan and individual unit plans.  The engineer will come to the site and measure each unit as well as the entire lot. When the enginee...

Q:  My partner and I have had a long time dream of owning a Bed and Breakfast, and we are thinking more seriously about starting to look in Provincetown.  Can you tell me about the process and how much we will have to put down? A: There are over 85 Guest Houses in Provincetown, and at any given t...