|
| COMMUNITY FEATURES |  Garage parking |
|
| ||||||
508-878-0917 |
 | Equal Opportunity Housing |  |
Posted: Jun 26, 2009, 5:26am PDT |
I hope that downpayment doesn't stop you from buying.. you can still buy with 100% financing, but not many lenders are offering this program, and several agents aren't even aware of it. It is very much alive in most of our rural areas.. read on!
I have had manytransactions where the buyer has utilized 100% financing options through the United States Department of Agriculture. I believe that this is the best loan available for single family properties in rural communities. Some of the features that have made this loan increasingly more popular are:
1) Low Fixed Rates
2) No Monthly Mortgage Insurance
3) No Reserve Requirements
4)The ability to do escrow hold backs for failed septics.
5) Lender orders the appraisal directly
6. Down to 600 credit score
As of April 20th the income limits have changed. Families with 1-4 members in Bristol County can make up to $84,150. Families of five or more can earn up $111,100 and still qualify for the loan.
Not all mortgage lenders offer this loan. Contact me today and I will put you in touch with a few lenders that are approved by USDA who offer this program and to see if you qualify. 508-878-0917. email: lorilincoln@kw.com
" If you never take any shots in life.. you WILL miss 100% of the time"
If you are looking to buy in any of the following areas.. Dartmouth, South Dartmouth Westport, Acushnet, Swansea, Dighton, Rehoboth, Berkley, Rochester, Plymouth, Wareham, Mattapoisett or Freetown call me today. And Please don't hesitate to contact me if you have any questions regarding this e-mail or any other real estate question.
FREE MLS Search: http://bristolcountyhometeam.com
__________________________________________________________________________________________________
Lori Lincoln is an educator and consultant to buyers and sellers and is associated with Keller Williams Realty. As your trusted source and market leader in Bristol County Massachusetts, Lori puts her clients interests first and produces results for them.
Lori Lincoln
Keller Williams Realty
http://LincolnTeamRealEstae.com
I heard this statement today " There are 2 buyers now for every property" and now I know how to communicate this news to the sellers, buyers and agents that may not be aware:
Did you know that there are now 2 buyers for every house on the market? Yes, the buyer and the bank. We can prevent what we can predict. And yes homes get sold if we prepare all parties with the following information:
1. Title 5- Did you know that now the title 5's are scrutized by the underwriters at the bank? Did you know that if the system passes, and it is older, some banks won't accept an out of date plan.. the Title 5 inspector's new design is sometimes acceptable, sometimes though requires an engineer?
2. Appraisals- Even if an appraisal comes in at sales prices, the appraisals are reviewed, reviewed, reviewed by the bank and sometimes even 2nd and 3rd appraisals. Deals are being thrown on appraisals. Sellers sometimes think the buyer would be willing to pay the difference. I know I wouldn't buy a house that was over-valued, and most people wouldnt' The "unique buyers" are virtually non-existent.
3. FHA guidelines- always have been strict- but a great review- FHA and other government loan programs have strict safety guidelines, mandatory pest inspection/treatments, mandatory handrails, asbestos removal mandates, and more.
With all of the strict lending guidelines, we as a real estate community are still out selling homes. Transactions are occuring successfully if you prepare ahead. Most homes are sold within 95% of asking price.
Over-priced homes listed have a slim chance of being viewed by buyers.Buyers' agents educate their buyers. Buyers are looking for value to supercede price, and they really want to buy, not negotiate. This is why 20% of the homes on the market WILL sell. 80% won't.
_________________________________________________________________________________
Lori Lincoln is a Realtor with Keller Williams Realty serving Bristol County Massachusetts including Taunton, Rehoboth, Dighton, Seekonk, Assonet, Freetown, Lakeville and surrounding cities and towns. Lori Lincoln consult and educates her clients, helping them achieve their home buying and selling goals.
You Can Reach Lori at 508-878-0917 or emal lorilincoln@kw.com
http://LincolnTeamRealEstate.com
Keller Williams Realty
The perfect storm, interest rates are below 6%, homes are very affordable, some parts of Bristol County where you can own a home for less than what you pay for rent! Now first time buyers can take advantage of the $8000.00 tax credit, if they purchase before December 1,2009.
Don't miss this opportunity, I've never seen it so good for buyers. Interest Rates are likely to rise over time. If they go up, you could price yourself out of the market.
As you know, I believe in educating my buyers...and sellers alike. If you are a first time home buyer, you can get this book for free by contacting me via email or by phone.
Call me or send me an email request to get this book for FREE!
____________________________________________________________________________________________________
Lori Lincoln, of Keller Williams Realty
educates and consults her buyers and sellers in making the right decision on home buying and selling. Lori serves all of Bristol County MA and surrounding cities and towns including: Assonet, Berkley, Taunton, Rehoboth, Norton, Lakeville, Middleboro, Easton, Fall River, Dighton, Raynham, Easton, Swansea, Somerset and more
Looking to sell? Find out what your home is worth go to http://www.LincolnTeamRealEstate.com
email: lorilncoln@kw.com
phone: 508-878-0917
I am never too busy for your referrals.
WoW! What a month! May was an extremely busy month for me and many agents in my area. Three of my listings had multiple offers.. I never thought I'd see this again.
It just proves a point.. 80% of the homes on the market are priced out of the market 20% will sell in a timely manner. There are homes IN the market.. then there are homes that are just ON the market.
Buyers appreciate homes in great condition, nicely located real estate that is priced fair.
The $8000.00 tax credit with great interest rates for buyers has also helped. Higher end homes do not seem to be moving as quickly.
Stay tuned for the May 2009 Market reports which I will post this week for Assonet, Berkley, Taunton, Rehoboth, and Somerset.
_______________________________________________________________________________________________
Lori Lincoln is a Realtor serving Bristol County Massachusetts and surrounding cities and towns. Lori Lincoln consult and educates her clients, helping them achieve their home buying and selling goals.
You Can Reach Lori at 508-878-0917 or emal lorilincoln@kw.com
http://LincolnTeamRealEstate.com
Keller Williams Realty
In the last 3 years of me being in this business, I have recently noticed a significant change in how lenders have REALLY tightened up guidelines and seem more reluctant to lend money based on some of the most (seemingly) miniscule items. I'm sure most of you have seen this too.
If they are more detailed, we need to be too. Get you transactions "double bulletproofed".
FHA loan underwriters are now looking at all items in the purchase and sales and scrutinizing every minor repair in addendums. They are scrutinizing title 5 inspections . . If an older home passes title 5, the old plans may not be acceptable. New measurements must be taken by the Inspector or an engineer . They want professional diagrams, not handwritten ones from the 60's They want to see how far the well is from the septic, septic to leachfield, property line to well etc..
Strongly urge your sellers to do their own home inspection including a radon test ,mold test, pest inspection prior to listing the home. Radon and Mold issues can throw a transaction into a tailspin, eat up countless hours of your time and cause high anxiety for buyers,sellers (and agents...got any malox?). Ask your sellers to repair ALL items of concern.
This will save so much time before and during the transaction.. .Seller's disclosure- agent's should not be filling in the blanks and checking boxes of a sellers disclosure. The client should fill in the entire form. You don't live there, they do, check off the wrong box or answer the wrong way and you could be liable.
Be sure to alert sellers that repair work must be done by licensed contractors.
Also, be on guard for contractors who say they pulled permits on major work, but may not have.. go to town hall to be sure.. protect your sellers and yourself from future liability.
..
Hope this helps you.. Happy Selling!
Lori Lincoln
Keller Williams Realty
508-878-0917
So much for waiting for the market to bottom. Many home buyers believe that the bottom is NOW. Timing the bottom isn't even mentioned anymore! Sellers who couldn't sell last year are now realizing that yes, they can sell their home.
and the proof is in the homes under agreement and the activitiy that many agents are seeing.
So now.. They know that YES it really is time to buy. With interest rates in the 4-5% range. Low Prices, and of course the first time buyers tax credit..(I'm jealous!).
Forclosure inventory has substantially declined, while inventory is lower than last year at this time. And of course prices are where they were in 2002.
I also noticed this Taunton- ( this is unbelievable, but it came from Broker Metrics Report)
..Average Market Time in Taunton 5 months- (from March Data) . February's Average Market Time was 10 months.
For more information about your area, contact Lori Lincoln at Keller Williams Realty.
_____________________________________________________________________________________________
Lori Lincoln is an educated consultant who cares about her clients needs first. She understands the market and knows how to help her clients get what they need and want. Call her today!
Thank you for viewing my blog
For FREE MLS Search in Massachusetts, and For a complete study of your home's value go to http://www.LincolnTeamRealEstate.com
508-878-0917
Sarcastic, Yes, Realistic.. very much so.
With all the posts out there about how now is the best time in history to run out and buy a home, I thought it only fair to show you the reasons that you should not do so. The last thing this economy needs is for consumers to start spending money, that would actually cause the great deals to go away. Mainly due to the fact that it would cause the economy and the real estate market to recover, and at this point that's the last thing we need.
10- Rent is fun to pay. I mean it's not at all like having to pay your own mortgage, why do that when you can pay a mortgage for someone else. If you went out and bought a home, there would be one less investor out there getting a free house with your money.
9- The amount of homes for sale on the market. There is no need to running out there when you have a ton of homes for sale at your disposal. You should certainly wait for the numbers to dwindle so you will have less of a choice you decide to buy. This will keep you from having to be so picky.
8- The great deals will be the first to go. This will be your indicator that you are getting close to time to start looking. All the good homes will be taken and then you can go sift through the left overs for what you can salvage.
7- Low Interest rates. Low interest rates will cause your mortgage payments to be lower, and this may make you feel like you are not doing your fair share. You should definitely wait around for those rates to rise so you can make a higher monthly payment. Then you won't have to deal with the guilt of saving money.
6- The price of homes for sale. Currently many homes for sale are on the market at very competitive lower prices. If you can manage to hang in there a little longer without buying a home, then you can catch market during or after a recovery. This means that you will get to pay more for the home than you would today.
5- With today's rates and prices, mortgages on many homes for sale are actually cheaper than rent on the same homes. Again this would possibly save you money, and that's not what you want to do. You need to wait for the prices to rise so you're not getting as good of a deal.
4- A 10% of the sales price tax credit up to $8,000. If you were to buy a home now,and you are a first time home buyer, then you would receive this tax credit. If you can hold out until next year, then you will be able to avoid this tax credit all together. This will save you the aggravation of trying to decide what to do with the extra money on next year's tax return.
3-Builder incentives. At present, in addition to the competitive prices, many builders are offering other incentives on new homes. Incentives like a percentage of of the home for sale depending on your employment and reduced pricing on upgrades. Some are even offering free upgrades and tossing in little extras that they normally do not offer in order to sweeten the pot. This would mean that you could get a great deal on a brand new home in your area, and that's the last thing you want. Wait for these deals to be snatched up other buyers before you even consider looking for your new home.
2- Lack of competition for you. Right now with many would be buyers sitting on the fence trying to make a decision, you would have your pick of the litter as far as the homes currently available are concerned. You need to wait until many more buyers are on the search, that way you can possibly end up in multiple offer situations and have to fight another buyer over the home you really want.
1- The pride of home ownership. There is no reason to come home to a home that actually belongs to you. Why not constantly come home to a house that you are buying for someone else.
I hope that in some way this has helped anyone reading to figure out why you should stay on that fence. There are really too many great deals and incentives out there to subject yourself to making a decision as to which one you want. So hang in there and stay on those sidelines. With a little discipline and a little luck you'll be able to avoid all the great deals that this current market has to offer. Best of luck to you.
Government owned house in Taunton, Massachusetts . Neighbors like the location. The house started at $179,000 Now it will probably sell.. its reduced down to Only $114,900. With some TLC, you can flip or live in. Just Call Lori Lincoln for private showing. Buy this one to flip or long term lifestyle asset for first time buyer and others. I've been in this one.. a great buy!
________________________________________________________________________________________________
Call Lori Lincoln for details 508-878-0917. http://LincolnTeamRealEstate.com.
I have full disclosures from HUD regarding this property. Keller Williams Realty- Easton is a HUD Registered broker and has athourity from HUD to promote their listings.
Lori Lincoln is a full time real estate professional with Keller Williams Realty.
Nice 3 bedroom, well priced home in East Taunton- not a bank owned, distressed or short sale!
Pre-MLS
Recently remodeled throughout in sought after East Taunton.
Set back from the road on a nice lot with no neighbors in back.. this home is painted in nice "pottery barn like" colors, which creates that comfortable feeling that one would desire after working all day. Original Hardwoods were re-finished by hand. The seller took the time to create cathedral ceilings upstairs for a more open feel. He also installed a new 3/4 upstairs bath. The outside of the home is set on a 25,000 square foot lot with no neighbors behind.
worth mentioning:
New Electrical system, title 5 inspection is complete, hard-wired smoke detectors and carbon monoxide detectors. Brand New Kitchen, Also known to have one of the best school systems in the area.
Seller is painting the outside of the home this week, and landscaping the front.
If you're tired of short sales and bank owned, call me for an appointment. Don't miss this one.
Oh.. also qualifies for 100% financing through USDA Loan .. call me for details.
The house will officially be on the market in 2 weeks or less. I wanted to make this one available pre-mls to my Activerain and Localism readers.
______________________________________________________________________________________________________
Lori Lincoln is a Realtor/Consultant with Keller Williams Realty. She can help you with your home sale and/or your search for a great deal on a new home. Lori Lincoln is a Top Producer and Educator in an office of 124+ agents that care about its clients and their needs.
Lori sells homes in Taunton, Swansea, somerset, Rehoboth, Assonet, Freetown, Lakeville, Berkley and surrouding cities and towns in Ma.
Experience and knowledge in bank owned and investment properties too
Sellers- Need more information call Lori Lincoln for a Free Consultation and Observe the Objective Criteria for your personal situation.
For a free MLS home search go to http://LincolnTeamRealEstate.com
Contact Lori today 508-878-0917
email: lorilincoln@kw.com
Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro
Keller Williams Realty/Realtor Taunton and South of Boston
Address: Taunton MA, Rehoboth, Taunton, MA, 02780
Office Phone: (508) 878-0917
Cell Phone: (508) 878-0917
;)
Links;)
Archives
Find MA real estate agents and Taunton real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2009 ActiveRain Corp. All Rights Reserved
