HomeShopping101-Debra Cahill-RE/MAX Landmark Realtors-Search Bridgewater MA real estate

Realty Times - Mortgage Tax Deduction

2010-12-02T04:05:00.000-08:00

Realty Times - Mortgage Tax Deduction

The eliminaation of the mortgage interest deduction will hurt every homeowner....not just that have a mortgage. read the full article and leave uour opinion.

2010-11-29T08:14:00.000-08:00

Preventing Inspection Delays by RE/MAX Landmark Realtors-Cahill Consulting Group on Monday, November 29, 2010 at 11:10am

PREVENTING INSPECTION DELAYS

No matter how much you prepare, closings just seem to take longer these days, often up to sixty days from the date of the initial offer. A recent survey of REALTORS® reveals that ten to fourteen percent of pending sales don't get to closing, while another twenty percent experience unplanned delays before being finalized.

Delays fall into three major categories: financing, title research, and inspections. Getting estimates and negotiating repairs can really hold up a transaction, but there are ways to speed up the process.

One option is for sellers to procure a pre-listing inspection and make repairs before the first potential buyer sets foot in the home. However, this can be a costly expense for sellers, especially when buyers will almost certainly hire their own inspector after making an offer, and there can often be great differences between two inspection reports.

A better alternative is for the listing agent to walk through the home with the sellers, noting the age and the condition of major components of the home and securing estimates for potential repairs. Sellers may not have to fix the problems, but having an idea of the cost of repairs will help them price the home fairly, as well as reduce the time necessary for buyers to negotiate the costs. This is an excellent preventative and proactive step towards a successful closing.

2010-11-15T09:12:00.001-08:00

PRICING UNDER PRESSURE

Deciding on an asking price for your home is challenging enough these days, but you need specific pricing strategies for particular scenarios, especially if you're under pressure to move quickly or your home isn’t selling after being on the market for several months. Here are suggestions for both situations.

If you're facing a deadline due to job relocation or other reasons, then you need to price competitively, even more competitively than expected in today's market. You'll need to list at significantly less than your competition. Think 15% less. That may seem tough to stomach, but it’s better than continuing your monthly loan payments or the hassle of trying to find tenants to rent your home.

If your home has been listed for some time, but not generating interest, you'll need to lower your price. Of the three elements that sell a home - price, location, and condition - price is the one you'll have the most control over.

If home values have declined in your neighborhood, the price you originally listed at a few months ago may now be too high and out of line with comparable listings. Now would be the time to have your real estate agent prepare a new Comparative Market Analysis (CMA) and reevaluate your pricing strategy. If you've got to sell, and sell now, price it like you mean it.

REALTOR® Magazine-Daily News-5 Reasons Homeownership Trumps Renting

2010-08-30T11:34:00.000-07:00

REALTOR® Magazine-Daily News-5 Reasons Homeownership Trumps Renting

Play Ball

2010-08-27T07:54:00.000-07:00

A WHOLE NEW BALLGAME

According to a recent survey conducted by the National Association of REALTORS®, close to one third of existing home sales were either foreclosures or short sales (meaning sales in which the lender agreed to allow the home to sell for less than the amount outstanding on the mortgage). Indeed, it seems for now that these "distressed properties" have become the new "traditional" sales transaction.

This is why it is so important to seek the representation of a specially trained and qualified real estate professional. Sellers particularly need assistance in navigating these complex short sale transactions, and buyers need guidance if they are to take advantage of these delicate opportunities.

Obviously, real estate agents are among the biggest advocates for homeownership, and we strongly believe that any home lost to foreclosure is one too many. Regrettably, some circumstances arise where homeowners are simply unable to maintain their mortgage payments, and risk going into default. In those cases, a trusted agent's specialized knowledge can help secure a short sale and keep the sellers out of the grueling foreclosure process.

Aside from staying current on national and local laws that apply to short sales and foreclosures, realty professionals are trained in qualifying sellers for assistance, negotiating with lenders, protecting buyers, and limiting risk. Now more than ever, it makes sense for both sellers and buyers to seek professional representation.

Realty Times - Rainy Day Kid Tips

2010-04-23T05:46:00.000-07:00

Realty Times - Rainy Day Kid Tips

Realty Times - Top 10 Home Buying Mistakes

2010-04-09T05:52:00.000-07:00

Realty Times - Top 10 Home Buying Mistakes

New Smoke Detector Law goes into effect 4/1/2010

2010-03-02T07:39:00.000-08:00

New State Smoke Detector Requirements
Notes from the MAR Legal Hotline
By:
Steve Ryan, MAR General Counsel
Michael McDonagh, MAR Associate Counsel
Anthony DeGregorio, MAR Legislative & Regulatory Counsel
March 2010
New State Smoke Detector Requirements:

Q. I heard that the rules regarding smoke detectors are changing. What are these changes and how do they impact me and my clients?

A. What you heard is true. On April 5, 2010,* a new regulation regarding the installation and maintenance of smoke detectors will
become effective. These new regulations were enacted by the Massachusetts Department of Fire Services and will apply to single and
multi-family homes built (or most recently renovated) before 1975.

* Note: April 5, 2010 is the new effective date. The original effective date was January 1.

For homes sold on or after April 5, 2010: The regulations require two different types of smoke detectors to be in place depending
upon the location in the home. First, in zones within 20 feet of a kitchen or bathroom, smoke detectors using photoelectric only
technology will be required. Outside of the 20-foot kitchen & bath zone(s), the regulations require smoke detectors using both
ionization and photoelectric technology to be installed.* Compliance can be achieved by installing either dual technology
("combination units") or by installing separate ionization and photoelectric units. Again, all smoke detectors within 20 feet of a
kitchen or bath must be photoelectric ONLY.

* Note: The regulation was recently amended to provide an exemption from the ionization sensor requirement for
homes w/ low-voltage alarm systems (due to product availability problems).
These requirements were developed, in part, based upon research that shows that ionization smoke detectors tend to give false alarms
due to fumes given off from typical cooking activities or steam from a shower. Frequent false alarms often lead residents to disable
smoke detectors by removing their batteries. The intent of the new regulations is to make homes safer by preventing residents from
disabling smoke detectors that are triggered by typical cooking or bathing activities.

Q. What about battery-operated smoke detectors? Do they comply with the new regulations or, must the units be hard-wired?

A. The battery/hard-wire rules are not changing at the State level. Statute specifically provides that "… the head of the fire
department shall allow the installation of approved monitored battery powered smoke detectors." But do check with the local fire
departments, as some cities and towns do have certain rules set by local ordinance/by-law.

If your clients or customers have specific questions about how the regulations apply to their specific property, you should encourage them
to contact their legal counsel.

North Bristol County Association of REALTORS®
From: Board Office 03/02/10 09:17
To: Board Office

The time to buy is now!

2010-02-04T13:36:00.000-08:00

Debra Cahill-RE/MAX Landmark gets the word out about the 2009-2010 tax credit

2009-12-22T10:31:00.000-08:00

Hooray...the Shopping is done....not

2009-12-21T09:17:00.000-08:00

Well, this morning in checking on my last gift I have been patiently waiting for I was informed that my order had been cancelled because the item was back-ordered and they weren't sure they were going to get more. They said they emailed me? How can that be with all my electronic connections to get my email whenever, wherever I am? Well, Super Hubby jumped to the rescue and off to the mall he went! He said he's not coming home until he finds that item. I sure hope to see him for Christmas!

Anyway...we all spend way too much time in front of our computer screens, internet phone screens, TV screens, GPS screens, etc. I think you're getting the picture. It's time to disconnect for a few quality days with the loved ones. And if you want something funny to talk about check out this hilarious youtube video about our hectic lives. Enjoy...

REALTOR® Magazine-Daily News-Both Houses OK Tax Credit Extension, Expansion

2009-11-05T13:49:00.000-08:00

REALTOR® Magazine-Daily News-Both Houses OK Tax Credit Extension, Expansion

http://www.YourListingBook.com

2009-11-05T08:42:00.001-08:00

Unlock the Power today!!!

Unlock the Power today!!!

Take control of your attitude

2009-10-16T05:50:00.001-07:00

I am a control freak and when I feel out of control I do this and like magic...everything is ok again.

35 College Rd. Bridgewater, MA-Debra Cahill-RE/MAX Landmark

2009-06-28T13:37:00.000-07:00

$8000 CASH STIMULUS new monetization feature!

2009-06-05T04:59:00.000-07:00

new "monetization" feature: As of June 1, FHA lenders can loan first-time buyers up to $8,000 on a short-term basis for use on closing and some downpayment costs.

When buyers get their tax credit checks from the IRS, they pay back the lender. FHA buyers will still need to make downpayments of at least three and a half percent of the purchase price of the house from their own resources or gifts from relatives.

But they can use the cash advances from lenders on closing costs, mortgage insurance premiums and to buy down their interest rates .

For more information on the monetization feature, check out HUD's website. Look for Mortgage Letter 09-15 at this link.
(see full article below)

May 29, 2009

MORTGAGEE LETTER 2009-15

TO: ALL APPROVED MORTGAGEES

SUBJECT: Using First-Time Homebuyer Tax Credits

The American Recovery and Reinvestment Act of 2009 (Recovery Act) provides for as much as an $8000 tax credit to qualified first-time homebuyers. FHA supports this important initiative to promote homeownership. This mortgagee letter provides:
• Basic information on the first-time homebuyer credit obtained from the Internal Revenue Service (IRS) website. Complete information on how the first time homebuyer tax credit works, including the eligibility requirements for the tax credit, the amount of the tax credit that a first-time homebuyer may be eligible to receive, and how a homebuyer may claim the tax credit is available on the IRS website at http://www.irs.gov/newsroom/article/0,,id=204671,00.html?portlet7.
• Guidance on how FHA-approved mortgagees and FHA-approved nonprofit organizations as well as Federal, state, and local government agencies or instrumentalities may assist homebuyers that are eligible for the tax credit.
I. About the First-Time Homebuyer Tax Credit

Please check the IRS website to ensure you have up-to-date information. A brief overview of the tax credit from the IRS website and a copy of IRS Form 5405 (including instructions) are attached for reference.

Pursuant to 31 U.S.C. 3727 and 26 U.S.C. 6402, a refund of the first-time homebuyer credit will be made by the IRS only to the taxpayer, not to a third party. In other words, any refund issued in response to a claim for this credit cannot be assigned by a taxpayer to a third party.
II. FHA Tax Credit Guidance

Secondary Financing

Consistent with existing FHA policy, FHA will permit entities covered by Section 528 of the National Housing Act to use the current authority to offer tax credit advances with second liens in a manner consistent with the requirements in 12 U.S.C. 1709(b)(9). Eligible government agencies and instrumentalities of government are described in handbook HUD-4155.1 5.C3 and 5.C4.

Conditions:
• The tax credit advance, when combined with the FHA-insured first mortgage may not result in cash back to the borrower.
• The second lien may not exceed the total amount needed for the down payment, closing costs, and prepaid expenses.
• Secondary financing may be “soft” (silent) or require a monthly repayment.
• If payments are required, they must be included within the qualifying ratios and, when combined with the first mortgage, cannot exceed the borrower’s reasonable ability to pay.
• Payments must be deferred for at least 36 months to not be included in the qualifying ratios.
• If the tax credit advance loan has a short term for repayment, it must also provide that if the borrower fails to repay by the designated deadline, principal and interest payments begin automatically or the loan converts to a “soft” second.
• The secondary financing may not require a balloon payment before ten years.

Purchase of Tax Credit

FHA-approved mortgagees and FHA-approved nonprofit organizations as well as Federal, state, and local governmental agencies and instrumentalities thereof may purchase the tax credit anticipated by the homebuyer.

Conditions:
• The proceeds of the sale of the tax credit may not exceed the anticipated tax credit due the homebuyer based on the computations of form IRS 5405;
• The borrower must submit a signed certification that the tax credit is not subject to offset due to other indebtedness.
• A copy of the borrower’s tax refund and/or the IRS 5405 must be collected and retained in the FHA case binder.
• Any costs attendant to the purchase of the tax credit are to be nominal and discounting the anticipated credit to cover the costs and expenses of the transaction must be reasonable and disclosed to the homebuyer. In FHA’s view, fees and costs that total more than 2.5% of the anticipated credit are considered excessive. (Example: $6000 to be refunded, with all fees and costs discounted, borrower should receive not less than $5850.00 for sale of tax credit.)
• Pursuant to 12 U.S.C. 1709(b)(9), the homebuyer’s downpayment required for eligibility for FHA insurance may not consist of any funds (including funds derived from a sale of the homebuyer tax credit) provided by the mortgagee, the seller, or any other person or entity that financially benefits from the transaction (or by any third party or entity that is reimbursed, directly or indirectly, by the financially benefiting person or entity). Accordingly, the proceeds of the sale of the tax credit to FHA approved mortgagees, the seller, or any other person or entity that financially benefits from the transaction (or any third party or entity that is reimbursed, directly or indirectly, by the financing benefiting person or entity), may not be used to meet the 3.5% minimum downpayment, but may be used as additional downpayment, buying down of interest rate, or other closing costs.

Due Diligence
FHA expects that entities purchasing tax credit assets will employ appropriate due diligence measures including, but not limited to:
• Require the homebuyer to draft and provide the IRS form 5405 “First-Time Homebuyer Credit.”
• Contact the borrower’s employer and review pay stubs to confirm there are no outstanding garnishments.
• Review the homebuyer’s credit report to ensure there are no unpaid student loans, or other obligations that could be offset against the credit.
• Validate that all of the eligibility requirements for the tax credit are fulfilled
• Review previous tax returns and IRS tax assessment letters, if any, to determine that the borrower does not have unsettled obligations to the IRS

III. Monitoring

In order to track the tax credit monetization activities, FHA will require FHA-approved mortgagees to input into FHA Connection the following data:
• Name and EIN of the party who purchased the tax credit,
• The amount of the anticipated credit, and
• The amount the homebuyer paid for the monetization services.

The lender must also collect and maintain in the FHA case file the documentation that validates all of the tax credit monetization data submitted via FHA Connection.

FHA will monitor the purchase of tax credit transactions closely. Charging of excessive fees or costs in the purchase of the tax credit or increasing other fees or charges in the transaction without FHA approval may result in referral to the Mortgagee Review Board, and particularly with respect to entities that are not FHA-approved mortgagees, referral to the Federal Trade Commission, or referral to the appropriate State Attorney General office, as may be applicable.

If you have any questions regarding this mortgagee letter, please call FHA’s Resource Center at 1-800-CALL-FHA (1-800-225-5342). Persons with hearing or speech impairments may access this number via TDD/TTY by calling 1-877-TDD-2HUD (1-877-833-2483).

Sincerely,

Brian D. Montgomery
Assistant Secretary for Housing-
Federal Housing Commissioner

Attachments

IRS Form 5405

IRS Tax Credit Summary

Bridgewater MA Market Stats-April 2009-Debra Cahill-RE/MAX Landmark Realtors

2009-05-28T08:11:00.000-07:00

Bridgewater Massachusetts Market Stats-April 2009
There is nothing average about Bridgewater but everyone likes numbers so here we are....

To get a more detailed analysis on your Bridgewater Property--Give me a call. It would be my pleasure.

Debra Cahill-RE/MAX Landmark Realtors, 508-697-2480

Bridgewater, MA Market Stats-April 2009

In April of 2009 there were 11 homes that closed within the month for Bridgewater, MA. This is a decrease of 5 units as there were 16 homes that closed in April of 2008.

The Average list price for the homes that closed in Bridgewater for April of 2009 was $262,032

The Average list price for the homes that closed in Bridgewater for April of 2008 was $255,963

The Average sale price for the homes that closed in Bridgewater for April of 2009 was $249,414

The Average sale price for the homes that closed in Bridgewater for April of 2008 was $244,259

The Average Market time for the homes that closed in Bridgewater in April of 2009 was 102 days.

The Average Market time for the homes that closed in Bridgewater April of 2008 was 174 days.

16 homes went under agreement in Bridgewater, Massachusetts in the month of April. The average list price of the homes that went under agreement was $320,678. The average time on the market for these Bridgewater homes were 160 days

$8000.00 Cash to buy a House!!!

2009-04-21T14:01:00.000-07:00

Don't miss out! First Time Buyer's there's no better time to buy. Interest rates are at historic lows! There is a CASH INCENTIVE from the government to help you out. Check out all the details at
http://debracahill.topproducerwebsite.com/8000cash-stimulus.asp

Hurry! The $8000.00 Cash Stimulus expires 12/1/09

107 So. Main St. Middleboro, MA real estate-Debra Cahill-RE/MAX Landmark

2009-02-26T06:20:00.000-08:00

Majestically presiding on a large in town lot minutes to commuter rail & center this Grand COlonial has many original period details including lighting, with upgrades that include state of the art gas heat, new roof, refinished oak & fir floors. Fireplaced living & dining rooms, butlers pantry, screened porch, 4 season sun room, leaded glass bookcases, french doors. Enchanting 3rd floor offers more guest rooms, Family room. Maid's quarters on 2nd floor have private stairs to kitchen...View this beautiful home here then call for your private showing!

Lots of Good Reasons To Buy A Home...

2009-02-23T11:20:00.000-08:00

It’s the Golden Age of Buying!
There are Lots of Good Reasons to Buy a Home….
1. Low Interest Rates
• Mortgage rates have continued to fall and are
now at historic lows.
2. High Inventory
• Supply is greater than the demand which means
there are more homes for sale and more to
choose from.
3. Low Prices
• The market is flooded with inventory so prices
are at an all time low and sellers are more eager
to sell which means you get the best deal for
your money.
4. First-Time Home Buyers Tax Credit
• The Federal Government has instituted an
$8,000 tax credit for first-time home buyers.
Unlike the previous first-time homebuyer taxcredit,
this is a gift (free money)—not a loan.
5. Lenders are Lending
• Lenders are lending to qualified buyers. A high
credit score and proof of employment will assist
you in obtaining a mortgage.
Find a Property You Like Today!
It’s a GREAT Time to Buy!
.....Provided by RE/MAX International

Get Pre-Approved today and buy your dream home tomorrow, call me...I'll help you every step of the way.
Debra Cahill
508-697-2480
www.DebraCahill.comWho Doesn't Like Free Stuff? Visit http://www.realtyreports.biz/1072 for your free gifts!

It's finally time to dive into the housing market.

2009-02-17T05:11:00.000-08:00

The signs are there. Housing is on the upswing. Sales are up in many of the hardest-hit markets, and prices are stabilizing in many others.
According to Economy.com, (Dr. Mark Zandi, chief economist)"the bottom of the housing downturn is in sight for the nation."

According to the Wall Street Journal "For some, it's finally time to dive into the housing market."
It's now not simply a "good time to buy," it's also a safe time to buy.

The message here is that the economy as a whole is still facing unemployment at 7.6 percent but the housing market preceded the rest of the economy on the downfall and it apprears that the housing could be out ahead on the national economic recovery.

The $8000. first time buyer credit that does not have to be repaid is a great bonus coupled with historic lows in Mortgage interest rates.

If you're safe in your job and have decent credit and a downpayment...that's the magic 3 you need to buy your dream home today!

Get Pre-Approved today and buy your dream home tomorrow, call me...I'll help you every step of the way.
Debra Cahill
508-697-2480
www.DebraCahill.com
Who Doesn't Like Free Stuff? Visit http://www.realtyreports.biz/1072 for your free gists!

Mortgages in 2009

2009-01-15T07:26:00.000-08:00

It's been since 1961 or so when 30 year mortgages had rates this low thanks to the U.S. government. Rates may even go lower!

What to do?

Like to play the odds?

Then wait.

If you like to sleep at night, buy NOW.

The FHA has a nice program where you can "Streamline" reinance for no cost whenever it will reduce your monthly payment. See http://fhadirect.hud.gov/offices/hsg/sfh/buying/streamli.cfm

So I say..."What Are You Waiting For?"

FREE Home Buyer's Seminar-January 15, 2009

2009-01-07T08:30:00.000-08:00

Yes there is Zero-3% down financing still available. Take an hour on Thursday, Janurary 15, 2009 and see for yourself. Our office is co-sponsoring a FREE Home Buyer Seminar to answer all your questions. Why not stop by, have a cup of coffee with us and ask away! Just please do call and reserve so we don't run out of refreshments and chairs!

Sign Up Here!

Home Prices in 2009, 2010, etc?

2008-12-05T06:16:00.000-08:00

Just My Take….
Posted by Debra Cahill under For Buyers, For Sellers, General Information, Rates, Strictly my opinion
Home prices in 2009, 2010, etc?

A home purchase must first and foremost be looked at as shelter and lifestyle. The stability of knowing where you’re going to return to every day/night after work and the ability to make it your own. A garden to grow your own vegetables, a yard for a pool, swingset, or the safety of your pets. It has always been one of the best investments you could make over the years and most of retirement wealth comes from selling one’s primary residence and the tax free benefit. ($250,000 single and $500,000 married if you’ve lived in the home at least 2 of the previous 5 years).

Home values will continue to decrease and will ultimately drive down prices to allow economic affordability. This trend will continue through 2010 and the recovery beyond that will go hand in hand with the economy instead of our past experience of doubling and tripling every few years.

With all that said…interest rates are rumored to be falling to 4.50% very soon! What is your plan? Give me a call or send me an email….

Debra Cahill
508-697-2480
debra_cahill@remax.net

Housing in Recovery...

2008-11-18T07:00:00.000-08:00

What's really going on in the Real Estate sector according to The Realty Times...

Yes, stocks are down and still very volatile, economic news is not any better but look what's happening slowly in the housing sector....

According to the Mortgage Bankers Association people looking to buy houses with FHA loans were up by 15.3 percent, while applications from purchasers seeking conventional mortgages rose by six and a half percent last week. There are some great opportunities out there and buyer's are recognizing that fact and acting..Pending home sales were higher than year-earlier levels for the second straight month -- 1.6 percent higher than September 2007 . Western States are now reporting pending sales at 39.7 percent higher than there were in September 2007.

Chief economist Lawrence Yun, spoke at the National Association of Realtors convention in Orlando recently and warned not to expect a housing recovery overnight, certainly not with unemployment on the rise. But he projected a "slow, steady, multi-year upward trend, with 5.02 million total sales this year, 5.3 million for 2009, and 5.6 million for 2010."

So, if you're trying to predict the bottom to jump into the market...Hmmm. The bottom becomes apparent when the sales begin to rise and and it appears that is happening...(according to National statistics.)

Want to find out what's happening in your neighborhood? Visit www.DebraCahill.com and see "What's My Market Value, Really?"

Start today to make a new ending...

2008-11-15T08:56:00.000-08:00

I am a Certified Buyer's Representative and today received this great quote that I just had to share...

Nobody can go back and start a new beginning, but anyone can start today and make a new ending.
- Maria Robinson

The real estate market may be down but life goes on. Decide what is important to do and get on with it. If it means selling for a lesser price than you could have gotten last year but that you'll be able to enjoy life today...do it!

If time is your friend (my crystal ball won't tell me for sure)...then wait. It's that simple.

If you need another opinion...give me a call. I'll be glad to go over your options with you....

Have a great weekend!

Debra Cahill
508-697-2480

Sandwich Generation Cure

2008-11-03T05:48:00.000-08:00

Definition-The Sandwich Generation is a generation of people who care for their aging parents while supporting their own children.

Merriam-Webster

Just about everyone knows someone who is busy raising their children and also assisting their parents with weekly chores such as grocery shopping, lawn mowing, shoveling, etc.

Here in Bridgewater, Massachusetts I have the perfect Home solution for you!
51-53 Mary Lane, Bridgewater, MA is a spectacular 13 room Duplex with the lower level set up as ONE LEVEL LIVING for aging parents, physically challenged people or someone wanting privacy for their students while attending one of the local Colleges. Bridgewater State College is just a few miles away, the commuter rail is less than 2 miles and Rtes.#24 and 495 are 2-3 miles away.

For a full virtual tour of this incredible home please visit http://debracahill.vflyer.com/home/flyer/home/1996516

Bridgewater Real Estate Update week of 10/31/08

2008-10-31T11:47:00.000-07:00

Get this widget Bridgewater real estate

Biggest bank to fail in US history

2008-09-27T05:54:00.000-07:00

Washington Mutual is the biggest bank to fail in US history. What's next? Read the associated press article below...

http://license.icopyright.net/user/viewFreeUse.act?fuid=MTU5OTY1OA==

Just when you thought you were all set!

2008-09-04T06:01:00.001-07:00

Well this week has truly been one for the books! I've been selling homes and assisting with financing for 30+ years and thought I'd seen it all. WRONG..

As Lyndon Johnson said, "We can draw lessons from the past but we cannot live in it."

New financing guidelines and FHA loans have turned us all upside down and inside out asking for documentation one paper at a time! You put a nice clean financing package together, send it to FHA for their final sign off, they take 10 days to review the file and then send it back looking for one piece of paper. You quickly send that in. They take another 10 days to re-review the file and send it back looking for one more piece of paper. Frustrated, you send that in quickly and 10 days later they ask you for another! Call me silly but wouldn't it be easier to ask for all of them at once or would that be taking the power away from the powers that be!

We actually had to hold up a closing at the closing table because they would not fund the loan until they had approval from the next investor they were selling the loan to. This was a local banking institution and the client went to the local bank to have their loan local instead of using a mortgage broker/company because they thought their loan would be sold. Lesson well learned. Make sure to ask if they are going to sell you before you close or hold you hostage at the closing table while they scurry around looking for a buyer for your loan! This seems a little backwards to me but again, we can't live in the past.

They are covering every angle and making buyers and sellers jump through hoops that are sometimes so ridiculous that they just say "forget it". It's not worth it.

They actually asked one client recently who was receiving child support for a 15 year old if that 15 year old would be attending college. Well, we certainly hope so but we can't apply at 15 to make sure we are accepted! Well then, how about sending in the academic transcripts so we can determine if they will be accepted, etc. This seems like big brother looking into our homes and sort of feels like the old days when women could not get financing because they may have a child and would definitely have to stay home and not work!

Where are we heading? It's sure to get more stringent before it lightens up...Stay tuned!

Real Time Market Stats-Bridgewater, MA

2008-07-23T07:08:00.001-07:00

As you can see we're all in the same boat when it comes to 2 1/2 overrides, schools, town government, etc. but it doesn't seem to have affected Bridgewater as much as the surrounding towns.

Whether you say it's a bad market or a good market-You're Right!

2008-07-18T09:35:00.000-07:00

9 Calthrop Drive, Bridgewater, MA

Sold in just 7 days!

Perspective: The real estate rule of law

You say it's a bad market for selling and you say it's a good market for buying. I like this market. Why? My clients are hiring me for my expertise, my 30+ years experience selling real estate in the Metro South Area and they are listening to my advice. For example the last 4 homes I listed in Bridgewater, MA sold in less than 2 weeks because we made a plan, staged the homes, listened to the market and were rewarded with a quick sale in a market that homes are staying on longer and longer. 9 Calthrop Dr. Bridgewater sold in just 7 days with multiple offers!

Simply click on the photos for full listing information..and virtual tours.

179 Crescent St. Bridgewater sold in 12 days with 3 offers!

625 Curve St. Bridgewater had been listed with another agent for several months then we sold it in 6 days!

94 Broad St. Bridgewater, MA

Multi family home walking distance to center, commuter rail, shopping, Bridgewater State College, several restaurants and banks!

RISING PRICES NOT JUST AT THE GAS PUMP

2008-05-13T07:17:00.000-07:00

The price of oil and gas has trickled into our food prices too! Concerned? You're not alone. Food prices ranked just below record-high gasoline prices on the list of things people are worried about.
Here are some simple ways to help save money on food. Time your grocery shopping. With the exception of milk, eggs, and bread, most grocery store products are put on sale at least once every 12 weeks at a significant savings. Stock up on non-perishables when they go on sale. It may take a little planning ahead but it's definitely worth it. Home cooking is the healthiest and most cost effective method rather than eating out or ordering take-out and it can even take you less time if you plan accordingly. The next time you cook, triple the amount you would normally do and freeze 2/3 of it for later. Then, on those little league game nights or got home from work late nights, a home-cooked (and probably healthier) meal will be waiting in your freezer. Good items to consider freezing are meatloaf, cooked chicken drumsticks, chicken thighs, chicken tenders, homemade meatballs for pasta or swedish meatballs are some of our family favorites! The possibilities are endless.

Stop buying bottled water. Recent tests have shown that bottled water and tap water are pretty equal when it comes to safety and taste. Ask your town for a copy of the water quality test if you're concerned. Plus you'll be using less plastic and that's good for the environment as well as your pocketbook!

Help Your Child Buy A Home

2008-05-03T06:16:00.000-07:00

Here's a short video on how to help your child buy a home with a little help from the bank of MOM & DAD and how to do it without causing tax implications...
Enjoy...

http://www.allaboutnews.com/vc.php?a=y&b=31&i=201&rs=9ad0ab99e501657715

Fed Cuts Rates Again!

2008-04-30T14:34:00.000-07:00

What does it mean to you?

The Federal Reserve cut interest rates today for the seventh straight time since September of last year. Many experts believe that the Fed is done cutting interest rates and will begin a new watch-and-wait policy. This new policy is due – in part – to the fact that the first Stimulus Act rebate checks are hitting millions of mailboxes this week. The Fed hopes this money gives a boost in the arm to the economy.

If you've been taking a watch-and-wait approach with your home search, now is the time to make your decision.

Consider this: the Federal Reserve Board meets 11 times this year to review the health of the US economy and make adjustments if needed. Don't you think you owe it to yourself to take just a few minutes and do the same with your own financial goals?

Are you taking advantage of this unique market and not letting it pass you by. Here are just a few things to consider:

Today's tougher housing market means there are some great buys to be had if you're looking to purchase. This is an especially friendly market for first-time home buyers.

The government has temporarily increased FHA loan limits in many areas across the US. These government-insured loans are not FICO-score driven and require little to no down payment. Here's the catch: these new limits expire at the end of the year, so you must act now.

You really don't want to play the waiting game if you are holding out for the bottom. That's because there is nowhere for the prices to go but up from here, if we are truly at the end of the Fed's cutting cycle.

Shhhh...I hear the market stirring!

2008-04-07T10:24:00.000-07:00

Interest rates have fallen again, the sun came out and so did the buyer's to check out those great opportunities that have been sitting on the market for a while. Inventory is starting to shrink and well-priced homes are moving!

This beautiful listing was priced right and sold in just 6 days!

Interest rates fell last week by nearly a quarter of a point on 30-year fixed-rate money -- down to 5.74 percent from 5.98 percent, according to the Mortgage Bankers Association of America.

New loan applications from purchasers were up by almost 11 percent for conventional conforming loans -- those are the types funded by Fannie Mae and Freddie Mac -- but up by an amazing 21.1 percent for government-backed mortgages, primarily FHA.

I can hear something stirring out there!

It certainly looks like it's going to be an active Spring Market.

Now to represent the entire market...everything is not rosy.
People are worried. They're spending less, and still waiting on the sidelines until they're convinced the market won't go any lower. You don't know it's hit bottom until it starts to rise so....Don't wait. If you can afford the mortgage on that beautiful new home you've been watching...go for it. Just make sure you have a savy "buyer's broker" to help guide you with the pricing and terms. (Hint...I can do that!)

Positive Trends

2008-03-13T09:02:00.000-07:00

Well the news just keeps coming about how bad everything is out there...but don't believe everything you hear.

Across the nation new mortgage applications increased for the first time in more than a month according to the Mortgage Bankers Association. This increase is most likely due to the 30-year fixed rate climbing to 6.27 and then dropping to 5.98. When buyer's saw the rates plummet, they locked in on their purchases.

Number Two: The pending home sales didn't decline last month as previous months...they just stayed flat. This is "maybe" an indication that the sales decline has or is bottoming out.

Number Three: The Federal Reserve is expected to drop the overnight rates another quarter point next week -- and maybe more in the weeks ahead.

Well this sounds good to me! If the rates stay low with the lower prices the buyer's will say..I'm ready...this is for me!

Remember...the only way to know the market has really bottomed out is when it starts to rise, and you don't want to lose that opportunity!

If you're waiting for the bottom...it may already be too late

2008-02-06T07:22:00.000-08:00

According to Realty Times the market has already swung to a seller's market in Virginia...Could we be very far behind? I welcome your comments.

February 6, 2008

--------------------------------------------------------------------------------

Hot Market: Arlington VA -- Double Digit Gains Return
by M. Anthony Carr

Days on market are dropping, prices have begun an upsurge and multiple contracts have returned. A walk down memory lane? No, just another market turning from buyer to seller in the last few months in the shadow of the White House.

Arlington County, the first Virginia community across the Potomac River from Washington, D.C., is entering the beginning stages of a seller’s market. In December 2007, the average price for a single-family home jumped 21 percent over a year earlier.

The local multiple listings service, Metropolitan Regional Information Systems, reports the days on market have been dropping throughout the year, with the average marketing period lasting around 65 days -- nearly half the amount of time for homes to sell in surrounding communities in the Washington, D.C. area.

By the way, the Capital City itself is leading the way in this recovery with reports from agents of upwards to 70 visitors to open houses and average single family home prices up more than 20 percent.

Arlington is in the beginning stages of a seller’s market only because there’s still plenty of inventory and the number of homes selling is lagging the previous year. The area will also benefit from the nearly 40,000 jobs estimated to open in the region in the coming year, according to George Mason University’s Center for Regional Analysis.

Recession....NOT!

2008-01-21T06:34:00.000-08:00

The financial press did its job. It scared Americans so badly about a possible recession that now we might just have one. Right now the inflation rate (excluding energy and food prices) is at 2.2 percent. That's a far cry from the 12 percent inflation the nation suffered through in the 1970s. (Realty Times)

People need to trust themselves and not listen to everything they read or hear.

It's time to get back to basics. Just like every January when we all make our New Year's resolutions..we need to get back to what is really important to us right now. Food, shelter, clothing, family, friends, the necessities. We don't need to give up everything, just the extras we didn't really need anyway. January is a popular time to clean out closets, garages, basements. Organize tax records, etc. Why not take this time to reorganize what's really important to us and stop worrying about all the fluff. If we didn't have so much "stuff" that we just had to have when we bought it..we wouldn't need larger closets, garages, or "STORAGE UNITS" for stuff we haven't seen or used in years.

We need to stop the panic. There are some great properties out there at great prices with great interest rates. Investors want the news to continue to be scary so they can keep on buying while sellers would like the news to back off and let us get back to living our lives. Life is what happens while you're waiting for things to change. Today is all we know for sure. If you're waiting for the market to "bottom out" you'll miss your opportunity. The only way to know for sure that the market has bottomed out is when you see it rising. Then you won't have the opportunity to negotiate like you do now...Today is the day to buy that property you've been waiting to buy. It's time to get back to living your life.

If you're a first time buyer or someone looking for an affordable home in impeccable condition, check out this featured home NOW!

Click to view this great opportunity

Yes..it's still Winter!

2008-01-14T12:57:00.000-08:00

5 inches of slush and snow...so what. It's Winter and to be expected. Call a friend and make them laugh and your day will be complete. No more complaining accepted for today. If you're able to complain, you're able to make someone else's day better. Think about it!

INSPIRATION FOR TODAY:

"The difference between perseverance and obstinancy is that one often comes from a strong will, and the other from a strong won't."

~ Unknown

RE/MAX Winter Sales Rally a SELL OUT!

2008-01-10T05:51:00.000-08:00

It was a sell out crowd at the R.I.Convention center yesterday for the RE/MAX Winter Sales Rally. A motivated, upbeat crowd listened intently to what they knew to be true but were excited to hear! The news may be doom and gloom out there (newspapers were actually called birdcage fodder!) That's the best use of the doom and gloom ads. We are all still in the game and yes, it's a game. Today was quoted as the "Best of time and the Worst of Times"...where have we heard that before!

Yes it's a buyer's Market...Yes it's a seller's market. You need the right marketing specialist to position your property for success and Yes It Can Be Done!

1855 was the first recorded depression. Those companies and salespoeple who outhustled their competition emerged in a stronger market share & revenue position. Let the others hunker down...The Big R was what it was named then...the big R now stands for RE/MAX! We are RE/MAX are still out there and will continue to be a force to be reckoned with! We rise to the challenge...we look in the mirror in the morning and see "Bill Belichek"...Bill Belichek truly understands what football is all about; what makes it in my opinion the greatest game on the planet. Superstars don't win championships ...It takes skill, hard work, and staying in the game!

Who do you see in the morning?

RE/MAX website rated highest behind realtor.com for real estate company websites!

2008-01-10T05:47:00.000-08:00

1 Realtor.com www.realtor.com 4.71% 1
2 RE/MAX Real Estate www.remax.com 2.55% 3
3 Homegain www.homegain.com 2.46% 4
4 Move.com www.move.com 2.43% 9
5 Zillow www.zillow.com 2.24% 6
6 Yahoo! Real Estate http://realestate.yahoo.com 2.20% 7
7 Rent.com www.rent.com 2.16% 5
8 ZipRealty www.ziprealty.com 1.90% 10
9 Apartments.com www.apartments.com 1.90% 8
10 ServiceMagic www.servicemagic.com 1.57% 11
11
U.S. Department of
Housing and Urban
Development www.hud.gov 1.43% 12
12 MSN Real Estate http://realestate.msn.com 1.38% 13
13 RealtyTrac www.realtytrac.com 1.31% 2
14 Trulia.com www.trulia.com 1.30% 17
15 VisualTour.com www.visualtour.com 1.27% 14
16 Homes.com www.homes.com 1.27% 15
17 Century 21 Real Estate www.century21.com 1.17% 16
18 WhiteFence www.whitefence.com 0.98% 21
19 ForRent.com www.forrent.com 0.96% 20
20 HAR.com www.har.com 0.88% 26
Source: Hitwise

Housing Bust: Four More Quarters

2008-01-08T08:10:00.001-08:00

A predicted 2009 housing market recovery is being tied to a convergence of smaller inventories, lower prices, looser lending and more government intervention.

read more | digg story

There's no one else to blame

2008-01-07T10:07:00.000-08:00

As our political system spins up to a wild frenzy (and it's just getting started!), we can be expect to be served extra large rations of "lip service" as candidates strive to tell us what they think we want to hear.

Accountability is the opposite of lip service. It means doing what you say you are going to do --no matter what (now there's a concept :o) And for those who maintain accountability in their personal and business lives, there are very real payoffs...

"Accountability breeds response-ability"Stephen R. Covey

When you hold yourself accountable, you no longer afford yourself the luxury of blaming others or conditions for your situation. You are in total charge and control.

The "Golden" resolution for this New Year is to hold yourself totally accountable. The reason this one is golden is because it guarantees success for all your other resolutions.

2008 is not likely to be a very forgiving year. Be accountable by living your word and you will have nothing to fear.

Courtesy of my business coach-"Michael Russer"-Mr. Internet

I'm Still In New Year's Mode!

2008-01-07T08:41:00.000-08:00

I have several business coaches to help keep me "Above The Crowd" without having my Head in the Clouds...Here is a quote from one of my favorites...Mr. Internet..

This new year promises to bring perhaps the wildest presidential election in our history, potentially a mortgage crisis-fueled recession, no likely end to the housing downturn and a great deal of political instability around the world. And these are the things we just know about!

If you were hoping for a more sanguine year, I'm afraid you will be disappointed. However, if you have a fire in your belly and and a hunger for opportunity, 2008 may be your best year yet. Challenge and opportunity are always two sides of the same coin and no one knew that better than Helen Keller. So if you don't like the looks of the current side, just flip it over

-Michael Russer- "aka Mr. Internet"

It's going to be an early Spring

2008-01-06T11:40:00.000-08:00

as far as real estate activity goes that is. I'm feeling the phrase you snooze-you lose as far as market prices go. Activity is picking up and those standing on the sidelines waiting for prices to lower even more may get more of a surprise come April than April Showers! Timing is everything and with interest rates at record lows..now is the time to buy that home, condo, investment, or second home. And oh, by the way, it's a terrific time to sell too as it works both ways!