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berkley ma real estate: New FHA Guideline on flipping properties - 10/07/10 03:46 PM
There is a new rule from FHA concerning foreclosed properties that are being sold within 90 days of the foreclosure that you need to be aware of going forward. If a property was foreclosed within 90 days of being resold (P&S date not closing date) and is being sold at a price of at least 20% or more of the foreclosure price, then the Lender is now required to order a Home Inspection. We cannot use any inspection done by the buyers even if it's by the same inspection company we use, which is Tiger Home Inspection. Any items listed MAY be … (0 comments)
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berkley ma real estate: Website Resources for Foreclosure Help - 09/17/10 09:08 AM
You've been warned about foreclosure scams. But sometimes it's really hard to tell if something is a scam or not. Some less-than-reliable outfits have even taken to including "hud" or "gov" in their URLs to fool you into thinking they are legitimate foreclosure counselors. It pays to be wary. Below are some websites from government and non-profit agencies that can help you with foreclosure. Some are seeking volunteers and donations to help stop the foreclosure crisis.
HOPENOW.COMResearch your options with this web formFind your mortgage lenderFind a foreclosure counselor in your areaFocused on helping homeowners in crisis, this alliance helps … (0 comments)
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berkley ma real estate: This Month in Real Estate July - 07/29/10 10:23 AM
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berkley ma real estate: Third Quarter Market Report - 11/14/09 05:59 AM
Bristol County 3rd Quarter Market Report
See the entire report by pressing HERE
Market Indicators for the 4th Quarter of 09 are that the Number of New Homes and the Number of Homes on the Market is going to increase. Sale price and the number of homes sold is expected to remain stable.
According to the MLS records the 3rd Quarter had leveled out to be a neautral market. Not a Seller's Market BUT not a Buyer's Market either. Homes that are priced accordingly are receiving multiple offers and are selling OVER asking price.
Bobbie FilesYour … (2 comments)
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berkley ma real estate: Zillow by their own reporting is NOT an accurate source for property values - 10/05/09 04:14 PM
With all the information out there avaiable to home sellers and home buyers, finding and getting the right information becomes a challenge.
Zillow is one of the most well known property valuation websites, but if you are using it to decide what to place your home on the market for or what the home you are looking to buy is worth you will getting inaccurate or irrelevant information.
This is a portion of the Zillow Data Coverage and Zestimate Accuracy graph. As you can see in Bristol County they are only within 5% of the sale price 24% … (3 comments)
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berkley ma real estate: Berkley Market Report - APRIL THRU JUNE 2009 - 07/03/09 06:38 AM
Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from April 1, 2009 - June 30, 2009.Single Family HomesNumber of Homes on Market 62 (UP 23 from last report!!!)Average Days on the Market 151 - An abundance of homes placed on the market in the last 4 monthsNumber of Homes U.A.G 5 - that averaged only 63 days on the market (Price = Pace)Average Price of U.A.G. Homes $237,480Number of Homes Sold 8Average Sold Price $278,975
Average Asking Price $370,375Lowest SALE Price $110,000Highest SALE Price $425,000
April, May … (1 comments)
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berkley ma real estate: BERKLEY - MARKET REPORT MARCH 2009 - 04/02/09 05:28 AM
Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from March 1, 2009 - March 31, 2009.Single Family HomesNumber of Homes on Market 39 (down 1 from last report)Average Days on the Market 223 - Staying Stable at this numberNumber of Homes U.A.G 5 - March was an INCREDIBLE month filled with Activity!!Average Price of U.A.G. Homes $280,920Number of Homes Sold 1Average Sold Price $315,000 ~$300,750 As of March 3, 2009 ~$283,833 As of February 8, 2009 ~$250,000 As of January 8, 2009 ~$361,250 As of December 5, 2008 ~$259,125 As of November 2, … (1 comments)
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berkley ma real estate: When SHOULD a Buyer do their Home Inspection??? - 03/26/09 07:50 AM
In this market that we are currently in Multiple Offers are becoming a very common occurrence, especially in the lower price ranges. It is not uncommon to have 3-6 offers on a well priced property at a time. (Isn't it funny that when you watch the news - nobody's buying - homes aren't selling - the real estate market is at a stand still - NOT TRUE)
If you are a buyer in a multiple offer situation the listing agent (the agent with the name on the for sale sign) may ask that your home inspection be done BEFORE the sellers decide what offer to … (3 comments)
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berkley ma real estate: 2009 Federal Tax Credit and the local home buyer - 03/26/09 06:37 AM
With all the talk about the stimulus package and what it means to YOU the homebuyer I would like to point you in the direction of my website to get accurate information on how you can benefit.
I have provided a 20 second video along with a detailed description of how this $8,000 Federal Tax Credit can provide you with extra $$$$$$$$ almost immediately. This money is NO longer a 0% interest loan as was the $7,500 Tax Credit. This is a true credit.
How can you go wrong buying a home now???? Fact - Interest rates are AMAZINGLY LOW (4.85% … (2 comments)
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berkley ma real estate: BERKLEY - MARKET REPORT FEBRUARY 2009 - 03/03/09 06:14 AM
Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from February 1, 2009 - February 28, 2009.Single Family HomesNumber of Homes on Market 40 (down 1 from last report)Average Days on the Market 223 - A few Expired Re-Lists at more realstic pricesNumber of Homes U.A.G 2 - An average of 152 days to get the buyer! 1 in 7 days the other in 297 days can you see the reasoning of Price=Pace
Average Price of U.A.G. Homes $344,450Number of Homes Sold 2Average Sold Price $300,750 ~$283,833 As of February 8, … (0 comments)
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berkley ma real estate: AR Accountability Partners - 01/21/09 06:19 AM
I was having a conversation with an agent in another office the other day, and he made a comment that "last year was a really bad year for me, I earned a quarter of what I usually do."!! A BAD YEAR!!!
When did you clue in to the fact that you weren't earning any or enough money....December?????
You had 12 warning signs flashing across your face along the way....nevermind the 52 chances to ramp it up if your results are less than what you want/need.
Enough ranting!!!!!! That is counter productive (but man that is just irritating).
Okay heading into … (7 comments)
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berkley ma real estate: Abatement time on your property taxes - 01/14/09 05:20 AM
Property valuies have dropped nearly 20% in the past two years, as if you needed me to tell you that. Well, Fiscal Year 2009 property tax abatement forms are due by February 2nd and take a peek at the value that they are charging you taxes on. Properties are valued as of the previous January 1st (January 1, 2008, for FY2009), and the values reflect the market that existed at that time. Since the values have decreased since that date a property tax abatement could save you a few hundred dollars.
Contact me by email bobbiefiles@kw.com and I can send you the … (3 comments)
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berkley ma real estate: What a shocking statement!!!! - 01/12/09 05:11 AM
I am sitting here working on my daily agenda. Thinking about my 20% that MUST be done and how much of the 80% I can't fit in.
Well, I have the t.v. on as background noise on CNN - maybe I can subliminally digest some pertinent information. I am sure this is a repeat BUT I know it is from a recent show, as the economy is being discussed.
Suze Orman is the guest speaker giving out her financial advice to people calling in. She made 2 statements that both amazed and shocked me at the same time.
1.) In her usual … (16 comments)
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berkley ma real estate: BERKLEY - MARKET REPORT DECEMBER 2008 - 01/05/09 05:54 AM
Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from December 1, 2008- December 31,2008.Single Family HomesNumber of Homes on Market 37 (down 2 from last report)Average Days on the Market 208 - up over 30 - YIKES!!!Number of Homes U.A.G 2
Average Price of U.A.G. Homes $299,700Number of Homes Sold 2Average Sold Price $250,000
~$361,250 As of December 5, 2008 ~$259,125 As of November 2, 2008 ~$312,913 As of October 3, 2008 ~$435,000 As of September 3, 2008 ~$0 As of August 16, 2008 ~$334,250 As of July 9, 2008 ~$317,800 As of June 12, 2008 … (5 comments)
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berkley ma real estate: To tell or not to tell that is the question - 12/07/08 09:56 PM
What is a REALTOR'S responsibility when it comes to multiple offers?
On either side of the transaction as a REALTOR we have a certain set of obligations to our clients and another set to the other agent.
I read the post Unethical, Illegal or Acceptable and this Buyer's Agent was concerned with the listing agent's conduct after an offer was presented in writing BUT then further negotiated and accepted verbally. Her and her buyer were taken aback when in the interim another, maybe higher maybe better, offer was presented and signed to before this agent could get the paperwork with … (30 comments)
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berkley ma real estate: BERKLEY - MARKET REPORT NOVEMBER 2008 - 12/02/08 04:32 PM
Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from November 1, 2008- November 30,2008.Single Family HomesNumber of Homes on Market 39 (up 1 from last report)Average Days on the Market 172 - down 10 (Let's keep on going!)Number of Homes U.A.G 3
Average Price of U.A.G. Homes $324,900Number of Homes Sold 2Average Sold Price $361,250
~$259,125 As of November 2, 2008 ~$312,913 As of October 3, 2008 ~$435,000 As of September 3, 2008 ~$0 As of August 16, 2008 ~$334,250 As of July 9, 2008 ~$317,800 As of June 12, 2008 ~$418,333 As of May … (0 comments)
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berkley ma real estate: Let's get more taxes in Massachusetts - 12/02/08 07:05 AM
With the economy in the state it is and people's available cash shrinking on a daily basis our wonderful State House Representatives want us to pay even more taxes!!
The unfortunate mess known as the Big Dig has become the Big Drain. What started out as an Infrastructure Goal and Dream, to be the nation's biggest successful transportation project, has turned out to be the most crooked cash cow in Massachusetts history.
But now to bail out the disaster it has become our government is contemplating raising the gas tax to pay for this nightmare?!?!?!
There are plenty of people in this state that do … (3 comments)
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berkley ma real estate: How do I know if my short sale or foreclosure loss is taxable? - 11/15/08 04:41 PM
As an agent that handles a lot of short sales I come across many questions regarding the possible tax implications. The Mortgage Forgiveness Debt Relief Act of 2007 which covers all homes sold or modified in 2007, 2008, and 2009 has cancelled out many homeowners obligation to pay income taxes on the so called "gifted" income (the difference between what you owe and what it sells for).
Unfortunately, this new law does not cover all homeowners.
The next challenge is to figure out how much of the "gifted" money is taxable.
In the eyes of the IRS if you bought … (2 comments)
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berkley ma real estate: Help me and a customer on the tax implications of a short sale vs. foreclosure - 11/07/08 07:08 AM
I do a great many short sales in my area, an unfortunate result of the economic situation. I am aware of the Mortgage Debt Forgiveness Act http://www.irs.gov/individuals/article/0,,id=179414,00.html
I know I am not a lawyer or a tax specialist and never advise clients on the possible ramifications, I advise them to seek advise from the appropriate professionals and also have a disclosure notice signed that indicates that as well.
It has been brought to my attention recently that a few attorneys are indicating that a foreclosure will not result in tax implications.
My reading of the first paragraph of the Act:
… (1 comments)
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berkley ma real estate: BERKLEY - MARKET REPORT OCTOBER 2008 - 11/06/08 06:51 AM
Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from October 1, 2008- October 31,2008.Single Family HomesNumber of Homes on Market 38 (down 2 from last report)Average Days on the Market 182 - down 6 (Let's keep on going!)Number of Homes U.A.G 2
Average Price of U.A.G. Homes $324,900Number of Homes Sold 4Average Sold Price $259,125
~$312,913 As of October 3, 2008 ~$435,000 As of September 3, 2008 ~$0 As of August 16, 2008 ~$334,250 As of July 9, 2008 ~$317,800 As of June 12, 2008 ~$418,333 As of May 1, 2008 ~$286,833 As … (1 comments)
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Bobbie Files Realtor® Berkley, Greater Taunton Homes for Sale
Taunton,
MA
More about me…
Keller Williams Realty
Address: 574 Washington Street, South Easton, MA, 02375
Office Phone: (508) 238-5000 x 296
Email Me
Real estate information about the Taunton, Greater Taunton, Berkley area. Market Reports, homes for sale, and just some fun information from Bobbie Files, REALTOR, Keller Williams Realty.
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