Tag Archives: Cape Cod Home

June 27, 2024 · 11:00 am

5 Home Projects You Should Consider Outsourcing

We live in a DIY world. If there is a video online for how to do something, there’s a good chance you can figure out how to do it. While saving money by doing certain projects yourself can be rewarding in many different ways, there are some projects that should be left to the professionals. Unless you have training in specific fields, these 5 things usually require a professional contractor:

Electrical Wiring

Without any electrical experience, you run the risk of causing damage to both yourself and your entire electrical system. Even if you do shut off the power before messing with any wiring, there can still be many issues that arise afterwards – including electrical fire. Avoid the danger and call an electrician!

Wall Removal

Knocking down a wall can sound like a fun idea. Even if you were getting excited to release any anger on that wall in your home, this is a time when it is best to call a professional. Walls are a key component in maintaining the integrity of your home and it’s structure. If you accidentally knock down a load-bearing wall, you could cause catastrophic damage.  

Foundation Alteration

The name of the structure itself should already make you proceed with caution. Your foundation is the most integral part of your home, and messing with it without experience could land you in a very tough spot.

Flooring

While some flooring can easily be done alone, some of the bigger projects should be left to the professionals. If leveling the floor is part of the project, it may be time to call someone in. Having a floor that isn’t level can cause you headaches for years to come.

Plumbing

Just like electrical projects, plumbing projects can be extremely complicated. When not done correctly, you can end up with burst pipes, flooding, and interior water damage. Save the stress and call a plumber!

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June 20, 2024 · 11:00 am

How Inflation Affects Mortgage Rates

Inflation can have a significant impact on mortgage rates. When inflation rises, the purchasing power of a currency decreases, leading to higher prices for goods and services. As a result, lenders may increase interest rates to compensate for the loss in value of the money they will receive over the life of the loan.

Here’s how inflation affects mortgage rates:

  1. Demand for loans: Inflation erodes the value of future payments, including mortgage payments. Lenders may demand higher interest rates to offset the potential loss in value caused by inflation. This increases the cost of borrowing, which can reduce the demand for mortgages.
  2. Central bank policies: Central banks often respond to inflation by raising interest rates to control it. Higher interest rates set by the central bank can influence mortgage rates, making them more expensive for borrowers.
  3. Bond market: Mortgage rates are closely tied to the bond market. When inflation rises, bond prices tend to fall, leading to higher yields on bonds. Mortgage rates are often benchmarked against these bond yields, so an increase in bond yields due to inflation can result in higher mortgage rates.
  4. Economic outlook: Inflation is influenced by the overall health of the economy. If inflation is high, it may indicate a robust economy with increased consumer spending and demand for borrowing. In this case, lenders may raise mortgage rates to manage the demand for loans and mitigate the risk associated with inflation.

It’s important to note that mortgage rates are influenced by various factors, including inflation, but they are also influenced by other economic indicators, such as GDP growth, employment rates, and housing market conditions. Therefore, real estate professionals must stay informed about economic trends and work closely with lenders to understand how inflation impacts mortgage rates.

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June 6, 2024 · 11:30 am

People Are Still Moving, Even with Today’s Affordability Challenges

If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent years.

The National Association of Realtors (NAR) explains how to read the values on the graph:

“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.”

The red dotted line represents that 100 value on the index. Essentially, the higher the bar, the more affordable homes are. As you can see, the orange bar for today shows higher mortgage rates and home prices have created a clear challenge. But, while affordability is definitely tighter right now, that doesn’t mean the housing market is at a standstill.

According to NAR, based on the pace of sales right now, just under 4 million homes will sell this year. With some simple math, let’s break down what that really means for you:

  • 3.96 million homes divided by 365 days in a year = 10,849 houses sell each day
  • 10,849 divided by 24 hours in a day = 452 houses sell per hour
  • 452 divided by 60 minutes in an hour = about 8 houses sell each minute

So, on average, over 10,000 homes sell each day in this country. Whether you’re a buyer or a seller, this goes to show there are still ways to make your move possible, even at a time when affordability is tight.

An Agent Can Help You Make Your Move a Reality
You may be wondering how other homebuyers and sellers are making this happen now. One of the biggest game-changers in today’s market is working with a trusted local real estate agent like Scott and Mary Tynell. Great agents are helping other people just like you navigate today’s market and the current affordability situation, and their insight is invaluable right now.

Scott and Mary Tynell will be able to offer advice tailored to your specific wants, needs, budget, and more. Not to mention, they’ll also be able to draw on their experience of what’s working for other buyers and sellers right now. This could mean broadening your search, if needed, to include other housing types like condos, townhouses, or neighborhoods a bit further out to help offset some of the affordability challenges today.

Bottom Line
You might think there aren’t many people buying or selling homes right now since affordability is tighter than it’s been in quite some time, but that’s not the case. It’s true that buying a home has become more expensive over the past couple of years, but people are still moving.

If you’re hoping to buy or sell a home today, know that other people are still making their goals a reality – and that’s happening in large part because of the help and advice of Scott and Mary Tynell skilled local real estate agents. Want to talk to a trusted professional about your own move? Let’s connect. 

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May 30, 2024 · 11:00 am

What to do When Your Offer is Not Accepted

When your offer is not accepted, it can feel disappointing, but don’t let it discourage you! Here are some steps you can take:

  1. Stay positive: Remember that not every offer will be accepted. This is a normal part of the real estate process. Keep a positive mindset and stay motivated.
  2. Request feedback: Contact the listing agent for feedback on why your offer was not accepted. This information can help you improve future offers and understand the seller’s concerns or preferences.
  3. Analyze the market: Take a closer look at the area is current market conditions and comparable sales. This analysis can help you evaluate if your offer was competitive or if you need to adjust your strategy for future offers.
  4. Review your offer: Assess your offer to see if any areas could be improved. Consider factors such as the purchase price, contingencies, closing timeline, or other terms that may have influenced the seller’s decision.
  5. Stay in touch: If you’re still interested in the property, let Scott and Mary Tynell know you are open to backup offers. Sometimes, the initial offer may fall through, and you could have another opportunity.
  6. Keep searching: Do not put all your eggs in one basket. Continue exploring other properties on the market that meet your criteria. Another great opportunity may be just around the corner.
  7. Rely on your real estate agent: Lean on Scott and Mary Tynell a trusted real estate agent for guidance and support. They can provide valuable insight, help you refine your strategy, and assist you in finding the right property.

Remember, the real estate market is dynamic, and offers can be accepted or rejected for various reasons. Stay resilient, learn from each experience, and stay focused on finding the perfect home for you. Good luck!

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May 23, 2024 · 11:00 am

The Impact of Seasonality on the Real Estate Market

Seasonality has a significant impact on the real estate market, influencing both buyer and seller behavior. Here are some key points to consider when discussing the impact of seasonality:

  1. Demand and Inventory: The number of buyers and sellers in the market fluctuates throughout the year. Generally, the spring and summer months see increased activity, as families prefer to move during warmer weather and before the new school year begins. This results in higher demand and more inventory during these seasons.
  2. Pricing: Seasonality can also affect home prices. During the peak season, when there is higher demand, sellers may be able to command higher prices for their properties. Conversely, sellers may need to adjust their prices during the off-peak season to attract buyers.
  3. Competition: The level of competition among buyers and sellers can vary based on the season. In a seller’s market, buyers may face more competition and multiple offer situations when demand exceeds supply. On the other hand, in a buyer’s market, when there is an excess inventory, sellers may need to be more competitive in pricing and marketing their properties.
  4. Market Trends: Real estate market trends can vary throughout the year. For example, buyers may surge during holidays or summer in areas with vacation or second-home markets. Additionally, areas with strong university or college presence may experience increased rental demand during the start of the academic year.
  5. Regional Differences: It’s important to note that the impact of seasonality can differ by region. For example, in colder climates, the winter months may experience a slowdown in real estate activity due to weather conditions. Conversely, winter may be considered the peak season in warmer climates.

Understanding the impact of seasonality on the real estate market can help buyers and sellers make informed decisions. Scott and Mary Tynell are real estate professionals who possess a keen awareness of these market patterns. They adeptly adjust their strategies to maximize success in any given season, demonstrating their mastery of the dynamic real estate landscape.

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May 16, 2024 · 11:00 am

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

Adjustable-rate mortgages (ARMs) can be a valuable tool for homebuyers, and there is no need to fear their return. Here are a few reasons why:

  • Initial Lower Interest Rates: ARMs typically offer lower interest rates than fixed-rate mortgages (FRMs) during the initial fixed-rate period. This means lower monthly payments, which can benefit buyers who plan to sell or refinance within a few years.
  • Flexibility: ARMs offer flexibility in terms of loan options. Depending on the lender, you can choose the length of the initial fixed-rate period, typically ranging from 3 to 10 years. This allows you to tailor the loan to your specific needs.
  • Potential for Savings: Your monthly payments can also decrease if interest rates decrease after the initial fixed-rate period. This can result in significant savings over the life of the loan.
  • Short-Term Ownership: An ARM can be a smart choice if you plan to own the property for a relatively short period. For example, knowing you’ll be moving within five years, you can take advantage of the lower initial interest rate without worrying about potential increases.
  • Rate Caps: ARMs have rate caps that limit the interest rate’s increase during each adjustment period and over the life of the loan. This offers protection against drastic rate hikes and helps you budget accordingly.
  • Market Factors: The return of ARMs does not necessarily indicate an impending housing market crash. Lenders offer ARMs because they believe the market will remain stable and interest rates won’t skyrocket.

However, it’s important to consider your financial situation and long-term plans before choosing an ARM. If you’re uncertain about interest rate fluctuations or plan to stay in the property for an extended period, a fixed-rate mortgage may be a safer option. Consulting Scott and Mary Tynell can help you make an informed decision based on your specific circumstances.

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May 9, 2024 · 11:00 am

The Perks of Selling Your House When Inventory Is Low

Selling your house when inventory is low can offer several perks for homeowners. Here are some of the advantages:

Increased demand
With fewer homes available on the market, there is typically increased competition among buyers. This can lead to multiple offers, bidding wars, and potentially higher sale prices for sellers.

Faster sales process
When inventory is low, homes tend to sell more quickly. This is because buyers have limited options and are often motivated to make a purchase sooner rather than later. You might experience a faster sales process and avoid prolonged listing periods as a seller.

Favorable negotiating position
Low inventory can give sellers an advantage during negotiations. With limited options, buyers may be more willing to meet your asking price or make concessions to secure the property. This can put you in a stronger position to negotiate favorable terms.

Less competition from other sellers
In a low-inventory market, there are typically fewer sellers competing for buyers’ attention. This means your home may stand out more, attracting serious buyers who are actively searching for properties. This can increase your chances of receiving quality offers.

Potential for higher sale prices
When supply is low and demand is high, it often leads to an increase in sale prices. With multiple buyers interested in your property, you may receive offers that exceed your initial expectations, resulting in a higher return on your investment.

Less time and effort spent on marketing
In a low-inventory market, the demand for homes often outpaces the supply. As a result, you may not need to invest as much time and effort into marketing your property to attract buyers. This can save you valuable time and resources during the selling process.

It’s important to note that the perks of selling in a low-inventory market can vary depending on your specific location and market conditions. It’s always a good idea to consult Scott and Mary Tynell, real estate professionals who can provide tailored advice based on your circumstances.

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May 2, 2024 · 12:05 pm

Still, Saving Your Tax Refund? Here’s How To Use It!

If you have started researching the home-buying process or have already purchased a home, you probably know one of the first things you need to consider is the size of the downpayment you will need to cover on the home you discover. While that down payment can vary depending on what type of financing you qualify for, it is never a bad idea to start saving as much as possible as soon as possible.

If you have tax refund money tucked away into savings, this would be the perfect opportunity to use that cash. With the average refund for this year around $3000, there is a good chance your tax refund, potentially paired with additional savings, can put a major dent in your down payment.

With a competitive market not cooling off soon, now is the time to buy. Ensuring you have the proper funds to cover that downpayment once you find ‘the one’ can save you heartache in the future.

Call Scott and Mary Tynell today. They can set you up with a lender so you can get pre-approved and find out just how much you need to have saved!

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April 18, 2024 · 11:00 am

HOW TO FIX 5 COMMON BATHROOM ISSUES

Homeownership has plenty of perks. You can make changes whenever you want, but that also means you are responsible for making any fixes you want (or need)! Instead of calling the local handyman every time something small goes awry, you can try out these quick fixes for common bathroom issues that arise while saving yourself some money along the way.

1. Shifting Toilet Seat

Is your toilet seat wobbling every time you sit down? Sometimes, there are visible bolts to tighten, but that just doesn’t fix the issue. Many are unaware that you can actually purchase a toilet seat tightening kit. Home improvement stores will carry an inexpensive kit, usually around $10. Rather than investing in a new toilet seat, you can save time and money by picking up a kit the next time you’re out.

2. Slippery Shower

There are two main options to remedy a slippery shower. If you have a geriatric family member, a shower chair may be the best option to provide security. These chairs can be as affordable as $20 and can offer peace of mind when it comes to the safety of your loved ones. If chairs aren’t for you, a non-slip bath mat will keep you from falling in the shower and cost as much as a few coffees.

3. Clogged Shower Head

Do you normally have great water pressure, but now your shower feels like a slow leak? Your shower head is likely clogged from a build up of minerals in your water. Instead of calling the plumber or heading to the store to buy toxic chemicals, you can use ingredients already in your home to fix your problem. All you need to do is fill a sandwich bag halfway full with white vinegar, submerge the shower head into the vinegar in the bag, and tie the bag to the piping and allow the head to soak overnight. When you remove the bag, you should wipe the head to remove any excess and then your shower should be back to normal pressure.

4. Slow Drain

Consider trying a Zip-It tool. You can find one at your local hardware store for around $5, but you must be willing to deal with a little gunk. The tool is placed in the drain and pulls out whatever is clogging it, usually hair and soap. If you can get past that, you’ll save yourself the price of a plumber.

5. Leaking Water Valve

Instead of heading to the store for a replacement water supply valve, try tightening the packing nut on the valve. A quick video search online will show you which nut to tighten, and it will only take a few minutes. Now you’ve saved time and money!


While these are easy fixes to do yourself, selling your home isn’t nearly as easy to DIY. Call Scott and Mary Tynell today if you are ready to put your home on the market!

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April 11, 2024 · 11:00 am

7 Signs You’re Ready To Buy

Living in an apartment or rental home does have its perks: You can test out different neighborhoods and locations, you have the flexibility to move, and you have access to great amenities like a gym or pool. But there’s a reason that owning a home, rather than renting one, is a highly desired achievement.

Maybe the thought of having your own place has only recently crossed your mind, or maybe you are regularly saving a chunk of your paycheck for that future down payment. No matter where you are in the process of considering homeownership, here are the unmistakable signs that you’re ready to buy your first home.

1. You Want to Get to Know Your Neighbors

Because renters tend to live in one apartment for very little time, it can be difficult to meet people who live in your building. But when you buy a home and are more invested in your community, it is easier to forge lasting friendships.

2. You Want to Customize Your Space

Many rental communities have limits on what you can customize in your unit. You may be able to paint your walls a different color, but you may not be able to replace the standard countertops or appliances in your apartment.

3. You Want More Space or Amenities

You daydream about having a home with a large kitchen, dining room, basement, garage, or maybe even a home office or bonus room for your hobbies.

4. You Regularly Drive by Your Favorite Neighborhoods

You have a list of at least three communities (or maybe even houses) you would love to live in when you’re ready to buy a home. You might even attend an open house or two.

5. You’re Eager to Put Down Roots

A home is more than a financial investment. It is your space, a private retreat, and the start of a new chapter in your life. You’ll love making lasting memories with your new neighbors and enjoying all the amenities near your home.

6. You’re Constantly Browsing Home Improvement Sites

Instead of scrolling through social media, you are scrolling through home decor websites or binge-watching HGTV. You now have dozens of ideas for decorating everything from the bathrooms to the entryway.

7. You Have Money Saved Up for a Down Payment

A down payment is essential to buying the home of your dreams. But once you see your savings account grow, you know your new home is within reach.

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