• Granite Kitchen
• Central Air
• Double Ovens
• Trex Deck
• 2 far garage
• Cable Ready
• Master Suite
$369,000
Quality & Spacious.. Log Cabin sits on 2 acres + Set back from the road for privacy.Open Floor Plan. Granite Chef's Kitchen, Wide Pine Floors,built with love. Wide farmers porch and sheds..
• 3 Bedrooms
• 1.75 Bathrooms
• 1670 sq ft. living space
• 2.2 sq ft. lot size
Lori Lincoln Keller Williams Realty
OFFICE:
508-878-0917
CELL:
508-878-0917
FAX:
508-238-6068 lorilincoln@kw.com
Everywhere you turn today, the talk is about a next wave of foreclosures. I wonder whether this is accurate information. When I logically assess these statements and claims in my mind, I cannot understand.
While many Option Arm and adjustable rate mortgages are about to reset, I wonder whether the next wave of foreclosures will be a tsunami or just a few ripples.
How I see it:
Major lenders like JP Morgan Chase, Bank America, Wells Fargo and many more are offering loan modification programs to homeowners who would otherwise lose their homes.
Today vs last year: Home Owners who are behind on their payments are better educated on their options. I believe that short sales will be the dominant force in real estate in 2010. and foreclosures, not nearly as many..here's why:
1. A Judge earlier this year, in Massachusetts ruled that due to improper paperwork two banks improperly foreclosed on two Springfield-area homes; therefore, the title to these properties have been "clouded" or defective. Mortgages were not properly recorded, and sometimes not recorded at all, or recorded well after the date the mortgage was given. Judges have declared this illegal.. the banks sold and resold the mortgages multiple times to other investors. This affected and will continue to affect several homeowners in pre-foreclosure and foreclosure status. We are continuing to see this happen in other states as well. Based on this, I am of the opinion, at least right now,that there will NOT be a so called "glut" of foreclosures, I believe they will exist and come on the market, but not a wave or tsunami, as we saw last year and in first quarter 2009.
A. Another case Landmark National Bank v. Kesler, August 28, 2009 , the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose - on 60 million mortgages? That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound. This will halt so many foreclosures, giving homeowners time to consider their options. and yes, the banks will continue to attempt foreclosure.
2. Lenders have to be accountable to their investors and their bottom line. Foreclosures are toxic assets and are cost prohibitive. Lenders do not want real estate, they want their money. Would you want to own a house where you would have to fund an asset manager, real estate agent, repairs, liability insurance and more. The cost of foreclosure on some homes can be greater than what the home is worth!
3.Because of Obama's new Making Homes Affordable program, banks have become kinder and gentler in the way of loan modifications for those who qualify.
4. For homeowners unable to qualify for a loan modification, short sales are the other best alternative. I believe that our inventory will consist of more short sales than foreclosures in 2010.
Lori Lincoln is knowledgeable, experienced and educated in foreclosures and short sales. Not all agents know the process, please call her if you or someone you know needs help. http://LoriLincolnTeam.com
With all the information out there avaiable to home sellers and home buyers, finding and getting the right information becomes a challenge.
Zillow is one of the most well known property valuation websites, but if you are using it to decide what to place your home on the market for or what the home you are looking to buy is worth you will getting inaccurate or irrelevant information.
This is a portion of the Zillow Data Coverage and Zestimate Accuracy graph. As you can see in Bristol County they are only within 5% of the sale price 24% of the time. That number is not good odds for either a seller or buyer to accurately price their home. In Plymouth County it goes down to 22%.
Definitions
Zestimate Accuracy/Star Rating:
This rating is tied to the Median Error in an area. The ratings are as follows:
Depending on the jurisdiction where you live, this value could be the tax assessed, tax appraised, or market assessed value. This value comes from the taxing authority of the city, county or state where you live; this is not Zillow's value.
Note: Tax assessor's values differ from Zillow's Zestimate, which is computed by entering numerous data points into a proprietary formula, often resulting in a more accurate value estimate.
Homes on Zillow:
This indicates the percentage of homes for which we have data (e.g., number of bedrooms or bathrooms) in a particular locale. These are the homes you can find via maps or search on Zillow.com.
Homes With Zestimates:
We can only calculate Zestimates for homes where we have certain data, including transactions. This column indicates the percentage of homes in an area with Zestimates.
Within 5% of Sale Price:
This is the percentage of transactions in a location for which the Zestimate was within 5% of the transaction price. For example, in the Portland area, 30% of the time the Zestimate was within 5% of the selling price.
Within 10% of Sale Price:
This is the percentage of transactions in a location for which the Zestimate was within 10% of the transaction price.
Within 20% of Sale Price:
This is the percentage of transactions in a location for which the Zestimate was within 20% of the transaction price.
Median Error:
Half of the Zestimates in an area were closer than the error percentage and half were farther off. For example, in Seattle, Zestimates for half of the homes are within 8.2% of the selling price, and half are off by more than 8.2%.
As you can see from the legend I pasted above they rate their own ability to be accurate. In Plymouth County they gave themselves 2 Stars which is Fair accuracy. For easier understanding to me that is a D. My son would have been grounded for months if he ever came home with a grade like that.
If you are a home seller or home buyer and would like an accurate Market Report please contact me and I will give you a no obligation report on your home or a home you are looking to purchase.
Bobbie Files Your Bristol and Plymouth County Realtor
A bad rap, that's what I came away from this study thinking. I read a very interesting post by Liz Miller of Lake Havasu Real Estate in Arizona called "Those Who Have Chosen to Walk Away from Home Mortgages". If you haven't read it, you really should. Liz talks about a report from the LA Times concerning "Strategic Defaults", people walking away from their homes.
The surprising data that came out of a study done by Experian and Oliver Wyman showed that people with good credit were 50% more likely to walk away from their homes than people who were struggling to make those payments or who had less than stellar credit. What also surprised me that these "strategic defaulters" go from making payments on time to walking away. No struggling to make those payments, no late payments, etc.
I had two very strong and immediate thoughts to this information.
I have heard it said over and over again that it was the people who had bad credit that obtained mortgages that were the problem. Guess that is not true at all. The study shows more of these people apparently are trying to pay, trying to make deals with the banks, and are going to be suffering the most with this latest development.They really have gotten a bad rap.
How do you just walk away from a home? Does this include those who refinanced and already spent the money? In my humble opinion if indeed the home was refinanced and money was spent to pay credit card debts, etc., to purchase that new vehicle or to get bigger and better toys, how is that different than racking up huge credit card debt and just not paying? You have the items you purchased and yet refuse to pay the bill?
Bottom line, I think it is very important that the general public understand the continued problems are not the fault of those who may not have stellar credit ratings and big fancy homes, those who are struggling to hang on to what they have. What really worries me about this is that the banks are often NOT willing to work with them to help them out on loan modification programs. And yet these are the folks that are really trying to stay in their homes!
Oh.. boy.. It's that time of year again. How to Deep Clean Your Neglected House Part 1
Even if you aren't selling your home, we all like a clean home right?
As most people do, I work full time, I mean full time.. when you aren't home to "see" the dust bunnies, it's easy to forget.
When you aren't home to notice that you're having a hard time seeing out your windows.. well.. for me and maybe you.. it's time to get things spruced up and spic and span for the Holidays and Winter, and.. I am guilty as charged. Here is my strategy, hope it helps you.
First, set goals attached to a date that you would like to accomplish by. Second, enlist some help. If you don't have help, you can get the job done in small time blocks. How to eat an elephant.. "one bite at a time".
I don't like jobs done half way.. so my list is thorough. Since I've been in my home for awhile, it's time to start thinking of a complete overhaul, a real deep cleaning..start by removing all of the clutter.. rent a dumpster and have a yard sale. You can pay for the dumpster with the proceeds from the yard sale.
Note: (Definition of Clutter- what hasn't been used or looked at in 2 years. Get rid of all things that aren't sentimental.. okay packrats.. I hear you.. you have a lot of sentimental items right? If this is the case, give some of them to family members.. and re-evaluate your position on what is and isn't sentimental.) Just get rid of the junk.. don't leave it to a family member after you pass..give it to them now if you aren't using it.. the best gift we can give our loved ones after we pass is the gift of not having to go through all of our junk.
AFTER you've de-cluttered, start upstairs if you have 2 levels, this helps you work your way down. Most people that I know start downstairs and work their way up, not good.. all of the junk goes with you when you start down and work up. When you start upstairs, all throw-away items will be brought downstairs with you so that you can easy removal.
Wash all of your windows upstairs. Schedule enough time without rushing through.. it shouldn't take more than 10 minutes per window. Then leave the windows open.Don't use window cleaner first. Bring a bucket of soapy water and clean water. Then use window cleaner and newspaper or use vinegar which I believe is better.
Vaccum the mattresses (after you strip the beds. Leave the beds undressed until evening.) The open windows will help "air" out the mattresses.
Then dust and vaccum thoroughly, vaccum under the beds, clean door knobs, woodtrim etc.
Don't forget to vaccum and or wash/dust the heater covers.- (the big dispute on which order to do this in.. doesn't matter as long as it gets done). I prefer to wash rather than dust. I use Murphy's Oil soap 1 part soap, 2 parts water. for all of my wood cleaning and dusting. You can also use it on doors, window sills etc.
Repeat the same steps for downstairs.
For couches and chairs, remove all slip covers. Wash them in cold water, make sure they are washable and will not shrink. vaccum inside every nook and cranny of each chair or couch. For carpet stains, use a scrub brush with 3 part plain cold water 1 part gentle laundry detergent in a spray bottle. ( I once used Oxy-clean on my carpet and it stained my tan carpet white).
For all hard surface floors, forget the swiffer, hands and knees cleaning is best for the deep clean. For wood floors, I love Oil soap. For laminate.. too much water is not good because laminate is a pressed composite material. Damp cleaning in my opinion, is best on laminate. On bathroom and kitchen floors use a disinfectant cleaner.
I am such a bleach addict because it kills everything. If you choose to use chlorine bleach, make sure you have old clothes on and be careful of the fumes. You can also use all fabric bleach, but I am not so sure it will kill germs. Don't ever mix bleach with any other product other than water.
I also like the new Miracle sponges, they are foam like, but really clean up the hard water stains without detergent.
Easton Massachusetts- Open House This Saturday 3pm-5pm. Estate House For Sale. 50 Church Street, Easton. This is one of Easton's Best Buys. Did you know that Easton ranks #48 in the country's list of Best Places to Live by CNN, Money Magazine?
Here is a brief descripton: 4 Bedroom Raised Ranch that needs updates and some TLC and worth the investment. All mechanicals and roof are newer. This house is all about location. Situated in over an acre and no back yard neighbors. The lower level is set up to be an in-law. To legally approve the in-law, proper permits are required. This home is listed for 259,000
Town of Easton is located 30 minutes from Boston, 45 minutes from Cape Cod, and 45 minutes from Providence. The community is approximately 29 square miles in area and has an estimated 2008 population of 23,289
Easton, although primarily a residential community, has experienced rapid and positive growth over the last decade. Recent development includes two major shopping plazas and provides residents with the convenience of shopping at major retailers. There are three supermarkets, easily accessible from any part of Town
Easton citizens have a long history of supporting an excellent school system. The renovation and expansion of the Oliver Ames High School and the Easton Middle School was completed in October, 2008, providing students with modern, state of the art facilities and a show case 1200-seat auditorium. Oliver Ames is a comprehensive high school designed to meet the educational needs of all students and offers a broad range of honors and advanced placement courses. 2008 MCAS scores placed Oliver Ames students in the top 10% in the state in English/language arts and the top 25% in mathematics. The high school has received recognition and awards for its music programs: jazz band, marching band, chamber orchestra, and show choir. There is a tradition of achievement in girls' and boys' sports with many championships over the years. Construction on a new high school stadium began in December, 2008.
So are you tired of hearing about whether the tax credit will be extended? It is always a great time to buy good real estate. Now is just a bit different. I have never seen home prices and interest rates in line with one another. .and the government giving away so much money. Usually it's one or the other, home prices higher, interest rates lower and vice versa.
My first question is who is going to pay for this. Don't get me wrong, the first time home buyer tax credit has helped many buyers and sellers get real estate up an running again..question is.. can we sustain the market without the credit? Should the credit be extended and even include others? Frankly, I have mixed emotions.
On one hand, it scares me.. bet you never thought I would say this.. "Lori the optimist". One cannot help but wonder.. if the credit is extended, that means millions of people are cashing in their credit instead of paying taxes. So who pays for it.?? I believe that would be us? Our country has so much debt now.
On the other hand, if the tax credit isn't extended, will the economy not recover? Will home buyers not be able to buy? After the expiration on Novemeber 30, will the real estate market tank?
off Bay Road ( across from 7 Bay Rd) Hosted by Lori Lincoln.. Keller Williams Realty.. Please call for directions 508-878-0917
Home for Sale.. Open House
A Brand New Classic. Over 3500 sq.ft. of Gracious Living with every conceivable amenity, dramatically situated at cul-de-sac's end in a new eight home neighborhood. If you have an architectural curiosity , you'll appreciate the the soaring ceilings, gleaming hardwoods, coffered library ceilings, dining room tray ceilings, balcony, wet bar, first floor master suite, bonus room, granite kitchen and sun filled breakfast room ,three & a half baths ,screened porch, wrap around farmers porch....
Okay the title got you to look at the blog.. my mother used to say this to me, when I was "in trouble"( lol)
I hope everyone gets to visit an apple orchard this fall. Apple picking is so much fun, relaxing morning or afternoon. Take time to ponder the beautiful autumn colors and breathe the fresh air of the country.. Nothing like Autumn in New England. I digress..
I am amazed at the apple varieties, from sweet to tart, to everything in between. There's an apple for everyone. There are also so many recipes available. You can get them online. Just go to the Food network website and type in Apple recipes in the search feature
My personal favorite is the Macoun.
Other Varieties are:
Ginger Gold, Zestar, Sansa, Akane, Paula red, Gravenstein,Honeycrisp, Golden Supreme Early Fuji,CrimsonCrispmMcIntosh, Gala.Cortland. Shizuka: Macoun, Honeygold, EmpireSpencer, Crimson Topaz , Hampshire Mac, Creston, Red Delicious, Golden Delicious, Jonagold, Idared , Cameo, Mutsu, Liberty, Macintosh, and I am sure there are more.
I also hear you can store some apples for months and months.
Brand New in Sought after Border Estates, off Bay Road near Stoughton line
Builder Clearance !! Last Two Homes. Prices Slashed. Every Conceivable Upgrade is included in the price...9' ceilings, hardwoods, gourmet kitchen, stainless appliances ,lavish master suite, sun room, wired for sound, gas fireplace, alarm, flat screen ready built-ins, playroom ready basement with full windows...Builder Clearance !!
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= Best Zestimate 
= Good Zestimate 
= Fair Zestimate 
= 
A bad rap, that's what I came away from this study thinking. I read a very interesting post by Liz Miller of Lake Havasu Real Estate in Arizona called 
Every Conceivable Upgrade is included in the price...9' ceilings, hardwoods, gourmet kitchen, stainless appliances ,lavish master suite, sun room, wired for sound, gas fireplace, alarm, flat screen ready built-ins, playroom ready basement with full windows...Builder Clearance !! 
;)
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