Real Estate Resources for Buyers and Sellers!
Real Estate can be a complex undertaking. Information is often only a phone call or email away.
Keep yourself up to date with the current real estate market trends on Martha’s Vineyard with information from various sources.
If you are thinking of selling or are planning to buy, use these resources to gain the information you need. Please don’t hesitate to get in touch with us directly if you have any questions about this.
MV Mortgage Calculator
How much can I afford.
This mortgage calculator can provide an estimate of the amount you can barrow. You should contact a mortgage finance company to get a more accurate amount. Today, many sellers require at least a Pre-approval letter from a financial institution before accepting an offer. Mortgage Calculator.
2019 Property Tax Rates – Property tax on Martha’s Vineyard varies by town (based on a rate per thousand dollars of assessed value). Below are the latest residential property tax rates for 2019. If would like more information about real estate on Martha’s Vineyard or have a question on property tax, our team of knowledgeable professionals can help you with all of your buying or selling needs on the island. If you are ready to begin the buying process, let us know.
Aquinnah: $6.12; Chilmark: $2.88; Edgartown: $3.87; Oak Bluffs: $7.69; Tisbury: $9.17; West Tisbury: $6.18
MV Financial Institution Contacts
Where can I get financial information?
Helpful information to help our clients make informed decisions.
The best way to determine how much you can barrow if to work with a financial institute. We have found working with local banks and mortgage companies offer competitive rates and terms. They are also knowledgeable with the local rules and regulations and the unique issues that the second home market often arise. Below is a list of local banks and mortgage institutions.
Cape Cod Five – www.capecodfive.com
Martha’s Vineyard Savings Bank – www.mvbank.com
Rockland Trust – www.yourislandbank.com
Santander Bank – www.santanderbank.com
Allied Mortgage – https://marthasvineyard.alliedmg.com/
Anchor Mortgage – 508 696-7676
Decision Mortgage – 508 627-6727
Martha’s Vineyard Mortgage – www.mvmortgage.net
MV Real Estate Market Reports
Breakdown of Real Estate Activities on the Island.
Keep yourself up-to-date with the current real estate market trends in Martha’s Vineyard.
How is the Real Estate Market doing? Here are the numbers to determine what properties have sold or which Town is experiencing the most growth and what are the average home prices selling for? These reports provide an in depth analysis of happening within the Martha’s Vineyard Real Estate market.
2019 Year End Review
First Quarter 2019 – Martha’s Vineyard Quarterly Sales Report
Second Quarter 2019 – Martha’s Vineyard Quarterly Sales Report
Third Quarter – 2019 – Martha’s Vineyard Quarterly Sales Report
Fourth Quarter – 2019 – Martha’s Vineyard Quarterly Sales Report
2018 Year End Review
Third Quarter – 2018
Fourth Quarter – 2018
If you are thinking of selling or are planning to buy, find the information you need to begin your process. You can get in touch with us directly if you have any questions.
Home Inspections – When buying a house, the home inspection is an important part of the process. It’s kind of like taking a peek under the hood of a used car before buying it; you want to ensure that everything is in working order so you don’t drive off the lot with a lemon. The same goes for buying a home. The last thing any buyer wants is to close on a home only to encounter unseen issues upon moving in. Click here for more information about Home Inspections.
Lead Paint – Under Massachusetts and federal law, owners and real estate agents must comply with Property Transfer Lead Paint Notification requirements when a prospective buyer or tenant with an option to buy is about to purchase a home built before 1978.
The aim of this requirement is to inform prospective buyers about: The danger lead paint poses to children and adults; Lead poisoning prevention steps; and The requirements of the Lead Law. Click here for more information about Lead Paint.
Mold – This fact sheet provides information regarding health concerns related to mold exposure. It also provides general guidelines about mold detection, cleanup, and removal of mold contaminated materials. Click here for more information about Mold.
Types of Agency – It’s required by State Law that a Real Estate agent must disclose who they of representing by having a client or customer sign a Agency Disclosure Form on the first face to face meeting when discussing a specific property. Click here for more information about Type of Agency.
Wetlands/Flood Zones – If you as a buyer has any concerns about whether a property is within a flood zone or wetland, we advise you to seek the opinion of a Certified Engineer. Even if it doesn’t look like you are near a wetlands or Flood Plain, problems can still arise without a professional opinion. Click here to download local FEMA Maps.