| |
buying: Rural Housing Running out of Money? - 05/20/10 11:33 AM
I just received an email from our Sr. loan officer, Joan Duggan of First Home Mortgage stating that RURAL HOUSING has run out of money at the 2% funding fee. Why you ask, well, this program has doubled in size since the stimulus program, but, it seems to be their own victim, thanks to the generous terms that have been offered to its borrowers- namely no downpayment and no Mortgage Insurance premium. Unlike the FHA requiring 3.5% down and Mortgage Insurance premium.
The programs are offered by local lenders and to be eligible you need to live in a community with less than 20,000 residents and live outside of a metropolitan area.
… (0 comments)
|
buying: 631 East St. UD202- Mansfield, MA - 04/24/10 10:13 AM
"Heron Crest"
This exquisite "Hemingway" is a 2 Bedroom, 2 Full Bath home set in the tranquil setting of "Heron Crest" in Mansfield, MA, is a relaxed style of living for the active adult over 55. An Open Floor plan boasts Brazilian Cherry Hardwood flooring throughout, Stainless Steel Kitchen with many spacious Cherry stained Cabinetry. The Living Room has a Gas Fireplace, Cathedral Ceilings and a Balcony for relaxing in the afternoon sun. The Dining Room has a Large Picture Window as well as Cathedral Ceilings. The 2 Bedrooms have Crown Molding and the Master Bedroom has a Large … (3 comments)
|
buying: The Home Buyer Tax Credit will not be Extended - 04/09/10 09:53 AM
From the looks of things the government has decided not to extend the Home Buyer Tax Credit. NAR , The National Association of Realtors, appears to have given up hope of getting it extended and posted this information on a website.
"NAR has had extensive discussions with congressional allies and concluded that an additional extension of the tax credit is unlikely. While lawmakers recognize that the tax credit helped stabilize the market, it appears that much of the benefit has been realized. NAR is now focusing on improving the availability of financing."
That is not exactly what we want to … (2 comments)
|
buying: Mansfield,MA Real Estate Quarterly Report (Jan-Mar.31, 2010) - 04/08/10 05:56 PM
Please find the most recent Mansfield real estate stats. From the last quarter, there has been an increase of homes on the market, as well as an increase in the average price. Days on market has dropped and sellers are getting approximately 96% of their asking price. Things are starting to look up! Properties for Sale
Homes for Sale 55 Average list price $469,874 Price range $169,900-$999,999 Days on market 129
Pending Sales
Currently under contract 10 Average list price currently under contract $286,120 Price range $149,900-$574,900 Average days on market 65
Sold Properties
Number … (0 comments)
|
buying: Private Mortgage Insurance - 03/13/10 07:50 AM
What is PMI? It is a financial instrument that can be used by homebuyers, usually first time homebuyers, when they have a down payment that is less than 20% required by the lenders. With this type of insurance, it enables a homebuyer to by a home with as little as 3-5% down. So, basically, it is a safety net which protects the lender from a loss if the homebuyer is to default on the loan.
In order to understand the details of PMI it is important to understand the motivation of lenders. Lenders are in a business to make money. This insurance helps to protect them, … (3 comments)
|
buying: Top 5 Questions You Should Ask Any Home Inspector - 12/07/09 01:16 PM
Clients are always asking me what should we be looking for in a home inspector. So, here is a list of what I believe to be the top 5 questions.
1. What is included in your home inspection? The inspection should cover all aspects required by your state. If there are specific areas of concern-please be sure that you discuss this matter upfront.
2. How long have you been an inspector and how inspections have you done? And do you hold a license/membership in a professional home inspection association? Your inspector should be able to provide you with a history, … (4 comments)
|
buying: Mansfield, MA Real Estate Quarterly Report (July-Sept. 30,2009) - 10/16/09 07:16 PM
Properties for Sale
Homes on the market 44 Average list price $415,202 Price range $199,900-$1,199,00 Days on market 158 Pending Sales
Currently under contract 7 Average list price currently under contract $375,800 Price range $185,000-$509,900 Average days on market 126 Sold Properties
Average sold price $362,959 Average original asking price $402,896 Average sold to original list price 90% Average days on market 81 The housing market has finally started to turn the corner. Days on the market in Mansfield, MA have declined, while the percentage of sold to original asking has dropped a slight bit going from 92% to 90%.
To … (0 comments)
|
|
|
|
|
|
Cheryl Cahill
Mansfield,
MA
More about me…
Cross Real Estate
Address: 151 West Main St, Norton , MA, 02766
Office Phone: (508) 285-7007 x 6
Cell Phone: (508) 369-3809
Email Me
 Links
Archives
|
;)
;)
