Purchasing a foreclosure condo in Hyannis MA .Contemplating buy/hold. What's the rental market lke?

M
Home Buyer
New York, NY

Answers (4)
Jeanne Durgin
Agent
Barnstable County, MA

Wonderful especiall with all the folks today loosing their homes to foreclosure, may have had great credit in their past before the rising mortgage rate. I have all my tenants provide me with a credit report so I can work with the landlord to determine if they are a good risk. Let me know If I can help http://www.JeanSOLDMyHouse.com

Fri Apr 18 2008, 05:07
Thom Schoepfer
Broker
02642

Hyannis & towns to its West of there have had the highest # of foreclosures on Cape Cod.
Rents vary but tend to top out @ below $1100. + utils.
If you are planning on holding for at least 3 years and pay a fair price you should be fine.
Hyannis has lost some of it's immigrant service population (who were largely good tenants) due to the dollars falling exchange rates. There are more affordable rentals than I have seen in 15 years.

However.. The Cape market will recover ,as it always does. Much Baby Boomer & Wall Street money investing here.

Web Reference: http://teamthom.com
Tue Feb 26 2008, 12:04
Peggy Gabour
Agent
02645

Shame on you Mother & Daughter for trying to solicit on this forum! You've been warned before.....

Thu Feb 7 2008, 18:14
Peggy Gabour
Agent
02645
FIRST ANSWER

The rental market is very good - our rental office has been busy, If you are thinking of renting it for the summer you need to "get going" on that as renters are looking now for their summer rentals. Good luck!

Wed Feb 6 2008, 19:16

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