B U Y E R ’ S
G U I D E
T O
A Home On Cape Cod
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Table of Contents
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About Charles & Christina
2
Professionalism & Agency
3
The Buying Process
4
Consultation
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Trusted Local Partners
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Cape Residential Tax Rates 2019-2021
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General Life Expectancy of Electrical - Mechanical Systems
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Offer to Purchase Real Estate
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Contingency Addendum
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Map of Cape Cod
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Testimonials
About Charles & Christina Charles Caron Charles.Caron@GibsonSIR.com 508.332.8726 2404 Main Street Brewster, MA 02631
Christina Caron Christina.Caron@GibsonSIR.com 508.332.8313 2404 Main Street Brewster, MA 02631 Charles and Christina Caron joined Gibson Sotheby’s International Realty in 2020 after enjoying many years as successful entrepreneurs. They have honed their unassailable record of client service since 2013, and they are committed to helping clients achieve their real estate dreams on Cape Cod. From first-time homebuyers to seasoned sellers to investment seekers, Current Cape serves those looking to purchase a primary residence, vacation home or investment property on Cape Cod, working diligently to ensure every client feels confident and well-informed. They specializing in luxury and waterfront properties, operating with the belief that luxury is not a price point, but rather a level of service.
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Professionalism & Agency Integrity Integrity-Professionalism-Service Our mission is to successfully represent and market the finest properties on Cape Cod and to serve each client with integrity, professionalism, and exceptional service. We accomplish this through a sales force comprising the most highly skilled, principled and productive sales agents in the region; cooperative and beneficial relations with the larger real estate brokerage community; and strict adherence to the principle that our clients’ goals and interest are paramount.
Policy Statement on Agency It is the policy of Gibson Sotheby’s International Realty, to provide a full complement of competent, professional services to the buying and selling public by allowing the public a full range of choices as to how each desires to be served by the Company. Gibson Sotheby’s International Realty Offers: • Seller Representation • Buyer Representation • Consensual Disclosed Dual Agency (when applicable) Gibson Sotheby’s International Realty makes a clear distinction between agency disclosure and agency election. Regardless of whether a consumer elects representation as a Client, disclosure relative to options and the completion of the MANDATORY AGENCY DISCLOSURE – AGENCY RELATIONSHIP FORM is always required by the State of Massachusetts. Gibson Sotheby’s International Realty always represents at least one party, either the Buyer or the Seller, or both, in each transaction. It is the responsibility of our listing and selling Associates to determine and document all agency relationships as early as possible in the relationship, but certainly prior to formulating and presenting a Listing Agreement or an Offer to Purchase. A Consensual Disclosed Dual Agency relationship will only exist after full written disclosure is made to all parties to the transaction and only after obtaining informed written consent from all parties.
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The Buying Process Consult with a Buyer Agent Analyze Wants and Needs Establish Buying Strategy with Agent Set Up Property Search Tools
Meet with Mortgage Broker Obtain Loan Preapproval
View Properties Market Education and Find Property
Select a Home Establish Offer Strategy
Offer Accepted Binder Deposit
Purchase & Sale Negotiation Earnest Money Deposit
Arrange Home Insurance Required for Mortgage
Prepare for Moving Transfer Utilities Hire Moving Company
Title Search and Legal Documentation Preparation HUD Closing Statement Review Remaining Deposit and Closing Costs
Closing Sign Paperwork and Record Fund Loan
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Consultation 1. What do you like about your current home?
5. What source of heat do you prefer?
2. What would you change about your current home?
6. How much acreage are you looking for?
3. What are the top features of a home that you are looking for?
7. Would you like to be near certain amenities?
4. How many bedrooms would be ideal? Bathrooms?
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8. What is your timeframe for finding your new home?
Notes ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________
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Trusted Local Partners
Lenders Equity Resources Edward Maloney 774.573.0329
Superior Rate Mortgage Brett Ebbighausen 508.801.3982 BEbbighausen@SRmortgageNE.com
Homestead Mortgage Lori DeSousa 508.360.6816
Attorneys Laraja & Kanaga LLC John C. Kanaga 508.255.5500
D’Elia & Cavanaugh 508.255.2255
Home Inspectors The Building Inspector of Cape Cod Brian Tilton 508.280.3940
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Atlantic Home Partners Herb Holmes 508.255.0377 holmes@atlantichomepartners.com
Munsell Inspection Services, Inc. Mike Allen 508.362.4043
Cape Residential Tax Rates Town
2021
2020
2019
Barnstable
$9.10
$9.37
$9.50
Bourne
$10.77
$10.74
$10.51
Brewster
$8.58
$8.62
$8.58
Chatham
$4.98
$4.82
$4.85
Dennis
$6.03
$6.17
$6.17
Eastham
$9.18
$8.72
$8.25
Falmouth
$8.50
$8.59
$8.56
Harwich
$8.60
$8.73
$8.67
Mashpee
$8.91
$9.36
$8.92
Orleans
$7.84
$7.56
$7.40
Provincetown
$7.08
$6.62
$7.60
Sandwich
$13.77
$14.31
$14.32
Truro
$7.38
$7.33
$7.45
Wellfleet
$7.86
$7.75
$7.73
Yarmouth
$9.56
$10.00
$10.10
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General Life Expectancies of Electrical - Mechanical Systems and Components
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Item
Functional Life Expectancy
Quality Cast-Iron Boiler
30 to 45 Years
Average Steel Boiler
20 to 25 Years
Warm-Air Furnace
25 to 35 Years
Combustion Chambers
10 to 15 Years
Burners
10 to 20 Years
Compressors
8 to 10 Years
Solid Fuel Stoves
10 to 15 Years
Motors
5 to 7 Years
Pumps
5 to 7 Years
Heat Pumps
15 to 25 Years
Air-Conditioning Systems
15 to 25 Years
Item
Functional Life Expectancy
Galvanized Ductwork
50 Plus Years
Humidifier
7 to 10 Years
Above Ground Oil Tank
30 to 40 Years
Buried Oil Tank
15 to 25 Years
Internal Tankless Coils
10 to 15 Years
External Tank
10 to 20 Years
Free Standing Water Heater
5 to 15 Years
Sump Pump
5 to 7 Years
House Wiring (Copper/Aluminum)
Lifetime
Breaker Panel Box
30 to 40 Years
Circuit Breakers
25 to 30 Years
Septic System
18 to 22 Years
Note: Actual Life may vary due to use and condition
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Offer to Purchase Real Estate
OFFER TO PURCHASE REAL ESTATE “THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE” TO
From the Office of: Gibson Sotheby’s International Realty
(Seller)
Date
I hereby Offer to buy the property herein referred to and identified as follows:
I hereby offer to buy said property under the following terms and conditions: (1) I will pay therefore
(2) (3) (4) (5)
(6) (7)
) dollars, of which:
($
(a) $ is paid herewith as a deposit to bind this Offer. is to be paid as an additional deposit upon execution of Purchase and Sale Agreement as provided for below. (b) $ is to be paid in cash, certified check or bank draft at the time of delivery of the Deed. (c) $ (d) $ (e) $ is the Total Purchase Price. This offer is good until .M. on 20 at or before which time a copy hereof shall be signed by you, the Seller and your (wife) (husband), signifying acceptance of this Offer, and returned to me forthwith; otherwise this offer shall be considered as rejected and any money deposited herewith shall be returned to me forthwith. .M. on 20 execute a Purchase and Sale Agreement, which The parties hereto shall, on or before when executed, shall be the Agreement between the parties hereto. .M. on A good and sufficient Deed, conveying a good, clear and marketable title of record shall be delivered at 20 at the County Registry of Deeds, unless some other time and place are mutually agreed upon. (a) If you (Seller) do not fulfill your (Seller’s) obligations under this Agreement, said Agreement shall be enforceable both at law and in equity, (inclusive of specific performance). (b) If I (Buyer) do not fulfill my obligations under this offer, the deposit (1) (a) mentioned above shall become your (seller’s) property as liquidated damages without recourse to either party. Time is of the essence hereof.
WITNESS my (our) hand(s) and seal(s).
SIGNED
(Buyer)
(Print)
(Buyer)
(Print)
(Address)
(Phone No.)
This offer is accepted upon the foregoing terms and conditions at $
.M. on
20
. Receipt of the deposit of
is hereby acknowledged.
WITNESS my (our) hand(s) and seal(s). (Seller) (Broker) Agent for:
□ Seller □ Buyer
(Broker) Agent for:
□ Seller □ Buyer
RECEIPT FOR DEPOSIT
20 Received from
(Seller)
(Buyer)
the sum of $
as deposit
under the terms and conditions of the above offer to be held in escrow by (Broker or authorized representative) Copies to: SELLER, BUYER (2), BROKER’S COPY
Receipt to: BUYER
Each office is independently owned and operated.
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Contingency Addendum
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Cape Cod Bay
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Clients Put Their Trust In Us “I thoroughly enjoyed my time working with Charles on buying my first home in Chatham, MA. He is honest, super loyal, and makes the process fun. Charles knows the areas of Cape Cod- especially Hyannis to Chatham like the back of his hand. I appreciated that he was available all hours of the day/night and could pick up the phone to bring me insight on a property in minutes. What I enjoyed most about working with him, was that he made it a collaborative process from beginning to end. I don’t think I ever would have ended up in the beautiful house he got me into if it had not been for his hard work and long dedicated process when showing me what it was that I didn’t want. He stayed with me and never suggested going against my gut instinct in a market where supply at my price level was constantly dwindling. I would highly recommend anyone to work with Charles.”
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Lo cal KN OWL EDGE. Global NETWORK. Charles.Caron@GibsonSIR.com | 508.332.8726 Christina.Caron@GibsonSIR.com | 508.332.8313
GibsonSothebysRealty.com 14