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massachusetts: 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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massachusetts: 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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massachusetts: 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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massachusetts: 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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massachusetts: The Mortgage Bankers Association Interview - 03/12/09 06:54 AM
The real estate market in Massachusetts is not nearly as bad as the National Media likes to report. In fact, Massachusetts ranks the the TOP 10 (#7) of the Best Real Estate Markets in the nation. The foreclosure rate in Massachusetts is not even in the top 15 of the highest in the nation. So, having the correct facts at hand paints a different picture of the real estate market that we are in locally.
That being said we are still having a very real problem with the short sales. The horrendous and painfully slow pace at which they operate is putting … (5 comments)
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massachusetts: BERKLEY - MARKET REPORT JANUARY 2009 - 02/08/09 07:53 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 January 1, 2009 - January 31, 2009.Single Family HomesNumber of Homes on Market 41 (up 4 from last report)Average Days on the Market 82 - Living proof if they are priced correctly they will sell timelyNumber of Homes U.A.G 3 - And only 41 days to get the buyer!!!!!! Price=Pace
Average Price of U.A.G. Homes $298,933Number of Homes Sold 3Average Sold Price $283,833
~$250,000 As of January 8, 2009 ~$361,250 As of December 5, 2008 ~$259,125 As of November 2, 2008 ~$312,913 As … (6 comments)
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massachusetts: 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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massachusetts: 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:
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massachusetts: 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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massachusetts: A nice custom home that is NOT a short sale!!!! - 04/28/08 06:49 AM
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massachusetts: Plymouth County Close-up - 04/14/08 05:52 AM
You can see the difference in value from the same months last year as compared to this year. Most towns in Plymouth County have lost substantial value, while other towns have seen little or no depreciation On average the county has had a correction of almost 9% since last year.
Also, it is a worthy note that this does NOT include foreclosures. That may paint a dramatically different picture. Foreclosures tend to sell for far less than their "traditional" counterparts.
For a competent analysis of the market value for your home, call Bobbie Files.
Bobbie FilesKeller Williams Realtywww.BerkleyMass.com
bobbiefiles@kw.com508-238-5000 x.296
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massachusetts: A great buy in Berkley - 02/27/08 10:23 AM
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massachusetts: This is a STEAL!!!!!! - 09/21/07 04:04 PM
This is a very well maintained home in a nice cul-de-sac neighborhood. Be the first to view this home that is priced WELL below other comparable homes that are on the market and that have sold. You will immediately see the value here! View the whole home tour at www.26stanleyave.com.Call me at 508-789-0217 to schedule an appointment to see the inside!! Visit my website at www.berkleymass.com
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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
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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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