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real estate: Hopkinton MA Luxury Homes – Special Financing - 01/26/09 04:34 PM
In the wake of a flat new construction market, Toll Brothers has announced an incentive 30 year loan with a 3.99% interest rate. The loan comes with no points paid up-front for qualified buyers.
The special loan is available in 270 Toll communities across 21 states and can be locked in right now for 9 months.
One community qualifying for the Toll loan program is the "Estates at Highland Ridge."
Now available:
3 Overlook Road, Hopkinton, Ma
New Construction - $850,000
Highland Ridge is a luxury Toll Brothers community nestled in the heart of Hopkinton … (1 comments)
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real estate: Tapping the TARP - Will it Help the Housing Market? - 01/16/09 12:17 PM
Barack Obama has asked for and has been granted the release of the second $350 billion from the Troubled Asset Relief Program funds to the treasury.
The request had been met with some debate from lawmakers, some who have argued that the first $350 billion were largely wasted and that there has not been enough transparency to show if and how the bailout program has worked.
Originally sold as a two-step rescue program, TARP was designed for the government to buy Wall Street's failing mortgage investments and then to rewrite those loans to help homeowners.
Much of the first half … (0 comments)
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real estate: Is a Short Sale Right for You? - Massachusetts Blog - 01/10/09 10:17 PM
As foreclosure rates soar, some lenders are eager to negotiate short sales in order to avoid the expense of seizing a delinquent borrower's property. A short sale is one in which the seller is trying to get the bank to accept an amount that is lower than what is owed on the property. This will be a home that is facing foreclosure due to the fact that the homeowner is in financial distress. In fact, a bank will usually only agree to a short sale if the borrower can prove a case of hardship, often due to a job loss or a major … (0 comments)
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real estate: Help for New Home Buyers in the New Year - 01/05/09 01:37 PM
As we say good-bye to a year that was one of the worst for the financial and housing markets since the Great Depression, it is incumbent on us to try to find a silver lining.
What has 2008 left in its wake that may actually be helpful for new home buyers?
LOW INTEREST RATES
Since the Fed announced a plan to buy up to $500 billion of mortgage securities backed by Fannie Mae, Freddie Mac and Ginnie Mae interest rates have dropped to their lowest in 37 years.
The government's plan, which may continue to drive … (0 comments)
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real estate: Life at the Mall - Natick, Massachusetts - 12/29/08 01:15 PM
Several years ago developers were putting the finishing touches on their plans to build 215 luxury condos adjacent to the Neiman Marcus and Nordstrom department stores which were already under construction in Natick. The single-level condos would be priced in range from $379,900 for an 800-square-foot unit to $1.5 million for 2,200 square feet.
It was all part of a plan to transform the Natick Mall to a shopping and living Mecca which would include 65 new stores, four restaurants, two twelve-story living towers and a world class fitness center.
The $170 million Nouvelle in Natick is now … (0 comments)
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real estate: Bargain Hunters Come Out for Home Deals - 11/28/08 02:55 PM
We are all painfully aware that there has been much gloom lo these many months of depressing housing data including recent numbers by the Commerce Department that showing new home sales have fallen to their lowest level since 1991.
However, I choose to take good news where I can get it. New housing reports from the Warren Group, indicates that, while prices continue to drop, there has been a healthy pickup in the number of single-family homes that have been sold recently in Massachusetts.
Sales in October 2007 were 3,253 and in October 2008 had an increase to 3,698.
A combination of events … (0 comments)
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real estate: The Best Time to Trade Up to Your Dream Home - 07/11/08 07:04 PM
The best time to make the move to your dream home is in a buyer's market like the one we are in right now. While the value of your current home may have fallen, the good news is that the same thing has happened to the home you want to buy.
Here is an example. Let's say that your current home which has been worth $300,000 has dropped 10% in value. That means when you sell it, it will lose $30,000. However, the home that you want to buy which was valued at $600,000 has also dropped 10% during this market correction leaving a purchase price to you … (2 comments)
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Claudette Millette - Metrowest Mass Buyer Broker
Ashland,
MA
More about me…
The Buyers' Counsel
Address: 27 Thomas Street, Ashland, MA, 01721
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