jay burnham: Real Estate: A Bumpy Road Ahead?
- 05/19/10 06:31 AM
Imagine if we only had a crystal ball. Our major financial and life decisions would be so simple to make, and there would be no risk and no worries. Unfortunately, we do not have that luxury. Our decisions must be made upon solid data and information.Over the past year, you may have heard a repeated message; now is a good time to buy. From the data we have, we do in fact know that it is a buyer's market, and a good one. A wide variety of inventory is available, and interest rates are still low, making this an unprecedented time … (0 comments)
jay burnham: Jay's Annual 10 Predictions for the New Year
- 01/02/10 07:37 AM
There are a lot of sighs of relief now that 2009 is past, particularly coming from the real estate industry.But will 2010 be any better?I have just dusted off my crystal ball... and I can now offer my annual 10 predictions for real estate in the coming year:1. The residential housing market will pick up early this year, but will dip again after mid-year.2. Short sales will increase and foreclosure inventory will continue to rise.3. Mortgage rates will rise and settle in around 6%+/-.4. Appraisal guidelines will tighten and mortgage lenders will require stellar credit from buyers.5. A lot of prospective … (7 comments)
jay burnham: Is There a Limit to Home Prices?
- 07/21/09 01:28 AM
Do you have plans to buy a home soon? If so, has it occurred to you that some of the homes you inspect may be overpriced? They may be priced too high for the market. How would you recognize that kind of situation? Should you assume that all houses are overpriced and make low offers on all of them until one is accepted? Relax. There's a way to assure yourself of becoming a satisfied homeowner without taking the risk of paying too much. Consider for a moment how prices are set on the homes you will be seeing.Some prices are arrived … (1 comments)
jay burnham: Stop The Addiction To Overrides in Hamilton & Wenham, MA
- 02/24/09 05:24 AM
It is time to put an end to the Proposition 2 1/2 overrides in Hamilton and Wenham, Massachusetts. When Prop 2 1/2 was enacted in 1980 it had provisions to allow towns to pass overrides, but those overrides were intended for emergency purposes. Overrides were not intended to be used to subsidize school funding on an annual basis as has become the norm in our two towns. If override supporters in Hamilton and Wenham believe that "emergencies" have existed in our towns for 10 out of the past 11 years, then the answer lies with a broken system that obviously … (1 comments)
jay burnham: Introducing REMV...Not Heard of It Yet?...You will!
- 01/20/09 05:27 AM
REMV, or Real Estate Music Video, is the newest and hottest way of video marketing homes. Like the music videos you see on TV and Youtube, this application can range from hard-hitting impact marketing, to soft (think James Taylor) and smooth video marketing.To give you an idea of what an REMV can look like, here's a sample: http://www.youtube.com/watch?v=spj8xa9lIGA&fmt=18If you think this marketing application is cool, you should see what you can do with a single property REMV. A key component to creating this kind of video is looking at your photography in a different way. It's no longer just about posting … (3 comments)
jay burnham: The Complete 2008 Massachusetts North Shore Real Estate Market Update
- 01/04/09 02:13 AM
Hot off the "Actual Statistics" press, it is now time for my Complete 2008 Report of how the real estate market fared in my area of the country - the Massachusetts North Shore, north of Boston. The area of observation consists of 22 towns on the North Shore and considers only SINGLE FAMILY homes for comparison.So how did we do in December and thus far this year? In December, 145 single family homes came on the market on the North Shore and 148 homes went under contract. That marks the first time in 12 months that more homes SOLD in a … (0 comments)
jay burnham: Wenham & Hamilton Residents Form "Enough Is Enough" Committee
- 08/10/08 05:15 AM
A large, and growing group of residents from the Massachusetts towns of Hamilton and Wenham have recently formed a Political Action Committee under the name ENOUGH IS ENOUGH (EIE). Six weeks before the town elections in Hamilton and Wenham in May 2008, Jim Kent, a Hamilton resident, wrote a letter to the editors of the Hamilton/Wenham Chronical and the Salem News asking for citizen participation in a group aimed at defeating the $1.8 million school funding override. A group got together and decided to call themselves "Enough is Enough", a battle cry to stop the budget busting pending override. It was an … (0 comments)
jay burnham: Hamilton/Wenham Residents Form "Enough Is Enough" Committee
- 08/10/08 05:08 AM
A large, and growing group of residents from the Massachusetts towns of Hamilton and Wenham have recently formed a Political Action Committee under the name ENOUGH IS ENOUGH (EIE). Six weeks before the town elections in Hamilton and Wenham in May 2008, Jim Kent, a Hamilton resident, wrote a letter to the editors of the Hamilton/Wenham Chronical and the Salem News asking for citizen participation in a group aimed at defeating the $1.8 million school funding override. A group got together and decided to call themselves "Enough is Enough", a battle cry to stop the budget busting pending override. It was an … (0 comments)
jay burnham: Realtor Seques Into Sales
- 07/16/08 12:28 AM
"As I token of appreciation for your business, I am pleased to present you with a brand new SEGWAY."...Jay Burnham, Coldwell Banker, Beverly, MA A what? That was likely the reaction of many homeowners when told they would receive a Segway if they sold a home with Realtor Jay Burnham. A Segway is an electrically powered, two-wheel, single-person vehicle in which the riders stands and steers via handle bars. The first home sellers to complete a sale as part of the promotion went home with their new Segway - worth $5,850 - on Friday. David and Sheila Eddison sold their Topsfield … (4 comments)
jay burnham: A Personal Invitation
- 04/27/07 11:14 PM
When it's time to sell your home, you may be temped to sell without the services of a professional real estate agent. After all, you know a lot of people, don't you? And the best source of buyers might be people you already know. So start by making a list. Write down the names of people you know personally. Which of them currently own their own home, and which are renting? Next, eliminate all the renters who don't plan to buy soon, and all homeowners not planning to sell and buy another home. How many names are left on your list? … (0 comments)
Imagine if we only had a crystal ball. Our major financial and life decisions would be so simple to make, and there would be no risk and no worries. Unfortunately, we do not have that luxury. Our decisions must be made upon solid data and information.Over the past year, you may have heard a repeated message; now is a good time to buy. From the data we have, we do in fact know that it is a buyer's market, and a good one. A wide variety of inventory is available, and interest rates are still low, making this an unprecedented time … (0 comments)
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