Archive for February, 2008
The Dirt on Senior Housing in Holliston
February 29th, 2008 Categories: Holliston
Senior housing is going to become a larger need, as we all know by now, over the coming years. Each town tends to have its own authority providing a number of units for strictly senior residents.
These units are not “assisted living”, but mostly comprised of small apartments that are easily accessible.
Ken Curley, from Promise Lenders in Holliston, recently requested my help for one of his clients looking into these housing options. His company focuses on Reverse Mortgages, which is a great tool for seniors to stay in their current home while freeing up the equity for medical, living, and household needs.
My findings around Holliston are as follows:
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Massachusetts Foreclosures Plummet to .3% of Households
February 26th, 2008 Categories: Market Conditions, Real Estate
Sounds exciting doesn’t it? The statistic is real, but the presentation of the facts is the point. This .3% of households number is actually a 186% increase from Jan 2007, based upon a report from RealtyTrac.com.
I am getting calls every week to head out to a bank owned property and secure it. We then clean it up and list the property on MLS. In my personal business, this niche of the market is growing fast. But in today’s age of selling newspapers with headlines, lets give out a dose of Number Reality…
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Great Expectations from a Short Sale
February 20th, 2008 Categories: Mortgage Updates, Real Estate
A friend of mine called today to tell me about an upcoming offer they were going to make on a Short Sale property. I wished them great success, but there was a lot to prep them for!
They are a young family who are First Time Home Buyers. This market holds great opportunities for these Buyers, and a Short Sale is one avenue.
Now let me tell you about my fears!
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Massachusetts Kids Highly Recommend Utah 529 Plan
February 18th, 2008 Categories: Market Conditions, Preferred Business
Research regarding saving for my almost 4 year old daughter’s education can be classified as slim to none. Ashamed to say it, but I pledge to catch up!
What drove the new interest is a good article from Money Magazine about Utah’s topnotch 529.
My daughter, Lara, will thank me in 14 years if I make a move now.
Using all my knowledge from my Finance degree from Bryant College, as well as years of reading about personal finance,
I have been enlightened with one main rule of thumb.
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Top 10 Ways Sellers Guarantee Their Home Won’t Sell
February 6th, 2008 Categories: Market Conditions, Real Estate
Fellow Re/max Realtor Paul Pastore, of Arizona, created this top ten list that just so happens to fit the Metrowest real estate market also!
Sellers are still having success in selling right now, it is just that they have to work a bit harder at it. As a full time local Realtor, I have tools that help to carry some of that load.
1. Price it wrong.
A home properly priced is half sold. No amount of full-color ads, glossy fliers, multiple photos, virtual tours, Read the rest of this entry »
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Ouch, Low Credit Scores Can Drive You Into The Poorhouse
February 3rd, 2008 Categories: Mortgage Updates, Real Estate
Many people don’t know their credit score. When buying a home, this can translate into costing you a lot of money. The interest rates that mortgage companies can offer you are mostly dependant upon this 3 digit number.
I will spell out the top reasons why you should care about your score, as well as how to get started!
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Foreclosure Real Estate Secrets
February 3rd, 2008 Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough
First time buyers of real estate are salivating at the idea that the Buyer’s Market in Massachusetts is offering “steals” in every neighborhood. They hear of foreclosures, auctions, and people unloading property at every turn.
This is not only a falsehood, but when buyers learn of the process, they usually run for the hills.
Let me explain how foreclosures work…
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