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ma: 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.
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ma: 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)
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ma: 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)
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ma: 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)
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ma: 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)
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ma: What's New with FHA? - 02/16/10 02:53 PM
As of Feb.1,2010, FHA announced that there are and will be several changes made to help ensure its financial stability. FHA will no longer allow spot condos. What this means is that unless your condo is on the HUD list, they may not be able to approve the loan. And, if your condo is on the HUD list, the project can not have any more that 30% FHA concentration. I am told that there may be ways around this, but of course, they are expensive and require the Homeowners Association of the condo or the builder to send the documents to FHA for … (0 comments)
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ma: Mansfield, MA Real Estate Quarterly Report (Oct-Dec.31,2009) - 02/16/10 02:51 PM
Properties for Sale
Homes on the market 46 Average list price $422,665 Price range $181,900-$1,199,000 Days on market 137 Pending Sales
Currently under contract 8 Average list price currently under contract $438,550 Price range $240,000-$684,900 Average days on market 156 Sold Properties
Average sold price $377,830 Average original asking price $394,188 Average sold to original list price 95.8% Average days on market 115 As you can see, things are starting to turn around. Even in this so called "depressed" market, sellers are still getting close to 96% of the asking price. Lets hope that this continues. Any … (0 comments)
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ma: Appliance Incentive and Closing Cost Help? - 02/15/10 08:24 AM
Agents, let all your buyers know that Fannie Mae has a new incentive program available until the end of April 2010. Under this new program, Fannie Mae is offering a 3.5% of the final sales price for closing costs, new Whirlpool appliances by Fannie Mae, and or a combination of the two. The decision is left up to the buyers, up to a maxium of 3.5%. Sounds like a great deal. So, agents, check out the properties listed on the HomePath site. Remember, this incentive is only good until the end of April 2010.
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ma: 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)
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ma: 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)
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ma: Should we take the house off the market in the winter months? - 10/03/09 09:51 PM
What is the answer?
Buyers that are out looking between September and March are usually serious buyers. Inventory is low since most sellers believe the myth that they need to take the house off the market in the winter months. Low inventory +serious buyers=a great opportunity to sell property. Serious buyers usually=relocation buyers or people that have already sold their home and need to find a replacement home quickly, thus making for a quick closing. Fewer real estate transactions are taking place at thsi time so Realtors, title companies and inspectors have less pressure and mor time to dedicate to your … (9 comments)
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ma: Home Buyers Use the Internet to Search for Homes. - 10/03/09 09:49 PM
We all know that more and more home buyers are using the internet to search for homes and the numbers prove it. NAR or the National Association of Realtors has posted some pretty interesting numbers for internet use among home buyers. In NAR's most recent survey of home buyers and home sellers they found that:
Home buyer's using the internet to search for homes=87% which is up from 71% five years ago. Buyers who use the internet more frequently rose from 42% to 69% from just five years ago. Home buyers that use the net to search for homes say … (3 comments)
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ma: 7 Bourne Road Foxborough, MA For Sale - 07/21/09 08:13 AM
7 Bourne Road Foxborough, MA For Sale
This Light and Bright Garrison Colonial located in Foxboro,MA, home to the New England Patriots has 8 Rooms, 3 Bedrooms, 2 1/2 Baths, with a Screened Porch, Deck and Oversized 2 Car Garage. The Eat-in-Kitchen has Skylights and Hardwood Floors throughout the First Level. The Family Room has a beautiful Fireplace and Cathedral Ceilings. Also located on the First Level is an Office, which has Hardwood Floors. The Master Bedroom is on the Second Level with a Private Full Bathroom. There are two other Large Guest Rooms on the second floor with a Second … (0 comments)
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ma: Mansfield, MA - 04/03/09 11:37 AM
Cheryl Cahill, Realtor, of Cross Real Estate, is there to serve all your Real Estate needs, whether buying or selling in Mansfield, MA. Mansfield, Ma is located just 28 miles south of Boston, MA, home of the Boston Red Sox, Boston Bruins and the Boston Celtics, and just 19 miles north of Providence, RI., and about 30 minutes to the Cape Cod Canal, with access to Cape Cod.
We have some very large venues that have put us on the map. The New England Patriots and the New England Revolution have home fields that are located at Gillette Stadium in … (0 comments)
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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
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