Buying Real Estate on MV
Serving the Real Estate needs of Islanders and Visitors alike for over 45 years.
What is MVRE? We Provide Buyer Representation We follow the REALTOR® Code of Ethics We have extensive knowledge of the Island We utilize custom buyer strategies
Purchasing Real Estate on MV
Whether you’re selling your Vineyard home, adding to your property portfolio, or simply in need of a new home, Martha’s Vineyard Real Estate will help you find the perfect property.
We review a comprehensive mix real estate print advertising, online sites and we scour the market using both traditional and non-traditional methods to locate homes that may not be actively on the market to find properties that will fit your real estate needs.
The Island gets into your blood and even though you may move, there is always a draw to bring you back home. The longer you are away, the stronger the pull.
For many, the draw becomes too powerful and they find themselves bringing their families back home.
If you are one of these lucky ones, it’s our hope that your family continues to develop this sense of oneness with the Island.
We work closely with our professional real estate Brokers to provide clients with up-to-the minute information on the current real estate market trends, including an analysis of recent sales in your desired neighborhoods.
Our Brokers will not pressure our clients into a transaction. The purchase and sale of real estate is often a highly emotional undertaking, which we approach in a professional and personal manner. Our job as Brokers is to provide information and advice to our clients so they can achieve their goals, reach an acceptable price and follow through with due diligence to close.
Click here for Buyer/Seller Resources. Find more information about: Home Inspections, Lead Paint, Mold, Types of Agency and Wetlands/Flood Plains.
If you are considering a real estate purchase, follow the link to see MVRE recommendation guidelines.
- Buyer Representation
What is a Buyers Representative?
An individual or couple can engage the services of a real estate agent (or agency) to purchase property. Upon signature of a Buyer Representation Agreement, the real estate agent is now the agent for the buyer(s), and the buyer(s) are now the agent’s client.Why do I need a Buyer Representation?
This means that the real estate agent represents the buyer’s interest and not the seller’s. The agent now owes the buyer undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability. The agent must put the buyer’s interests first and negotiate for the best price and terms for their client, the buyer(s).
- Why Do I Need a Buyer Representation Agreement?
One of the first mistakes a potential buyer can make is to assume the agent that shows them a house has their interest at stake. This can be a costly mistake because the Listing Agent represents the seller and their responsibility is to sell the property for the most money and the best terms. They DO NOT look out for the interest of the buyer.
By signing a Buyer’s Representation Agreement with an agent from Martha’s Vineyard Real Estate, the agent’s sole responsibility is to look out for their client’s interest. The Buyer(s) now has one agent who can provide information and guidance during the search process. Once a buyer has identified a property they like, the agent is crucial because he/she is their trusted advisor who understands the purchase process and can negotiate the best price and terms.
Another advantage of signing a buyer representation agreement is to eliminate the constant pressure from other agents looking to “show you that perfect property”. A great way to get introduced to the Island community is to say you are looking to buy a house. You will be inundated with invites. With almost 700 real estate agents on MV, seems like everyone is looking to sell you a house. While this may seem like a good way to find a property, it’s actually a very inefficient and time-consuming way to search for real estate.
- Our Brokers follow the REALTOR® Code of Ethics
Our Brokers are Realtors – Code of Ethics
We are Realtors®. All of our staff are Brokers and members of the National Association of Realtor. It’s the extra training necessary to achieve the Broker status that shows our commitment to the real estate industry that benefits our clients. As Realtors®, we are required to follow a strict Code of Ethics laid out by the National Association of Realtors that non-Realtor® aren’t required to follow. Only about 1/3 of the on-island agents are designated as Realtors®.Link to Realtor website: Buyer Broker
https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/2018-code-of-ethics-standards-of-practice
- Our Brokers Know the Island
Our agents have strong ties to the Martha’s Vineyard. We have grown up vacationing and living here. We have run Island businesses, sent our children through the schools, and have made the Island our home.
We have an extensive understanding of the real estate market and trends. Whether you are looking to move to the Island full time or are searching for an investment property, our agents are knowledgeable, friendly and professional.
- Custom Strategies for Buyers
Our agents don’t just look at MLS listing to find properties for sale. We scour the market using both traditional and non-traditional methods to locate homes that may not be actively on the market.
At MV Real Estate, we choose to keep our office small so we can continue to provide our clients personalize service without the need to focus on managing a large firm. All of our professional Real Estate Brokers carry the Realtor Designation, which ensures our agents are well trained and abide by the NAR Code of Ethics.
We take the time to learn as much as we can about out clients and their individual needs. We explain what the recent sales and current trends represent, which can be complicated since second home markets don’t always reflect the same patterns as primary markets.
MVRE has developed an effective program to secure properties for our buyer clients that has proven results. Our agents have strong ties within the real estate community, which allow us to network with agents across the Island to find properties that match our client’s requirements. We use a blend of traditional print media, a strong web presence, and an ever-expanding social media campaign to reach sellers. We also have an extensive database of customers who have expressed interest in selling, even though they haven’t listed their houses.
It’s this personal attention that the larger agencies often can’t offer.
Contact Us
Martha’s Vineyard Real Estate
31 North Summer Street
PO Box 5096
Edgartown, MA 02539
Tel: 508-627-7890
Fax: 508-627-4976
Our Latest Articles
2018 – Annual Real Estate Sales ReportFebruary 1, 2019 - 11:29 am
Katama – Seasonal RentalJanuary 31, 2019 - 12:01 pm- Details on the New Massachusetts Short-Term Rental LawJanuary 3, 2019 - 11:20 am
Steamship Authority – 2019 Reservation Opening DatesJanuary 3, 2019 - 10:55 am
New Year’s Eve 2018 on MVDecember 28, 2018 - 4:42 pm
Michael BlanchardPhotos of Martha’s VineyardNovember 2, 2018 - 6:30 pm
About Martha’s Vineyard Real Estate
Today, Martha’s Vineyard Real Estate has a well-deserved reputation for integrity, commitment and a strong working knowledge of the island’s real estate community.
Unlike the larger agencies that often can treat a sale as just another transaction, Joan and Skip have chose to keep the agency small in order to provide individual attention with each and every client.