Tina Marinelli's Blog

Vacation Rental Martha's Vineyard A few weeks left in May,June,September and the fall

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Mon, 08 Apr 2013 20:26:43 -0700

In Town Vineyard Haven Vacation Rental 508 560-6906 Slideshow: Tina’s trip to Vineyard Haven was created with TripAdvisor TripWow!

House on the Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sat, 06 Apr 2013 17:36:49 -0700

Spring is here and we are beginning to get busy on the Vineyard, If you are looking to rent out your house, I would be happy to put you in our office listings.

Beautiful Rental Vineyard Haven, MA

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Wed, 16 May 2012 11:39:40 -0700

Edgartown Rental

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 13 May 2012 10:09:16 -0700

30 Mill St, Edgartown, MA Martha's Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 13 May 2012 07:23:21 -0700

Moving to the Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Mon, 26 Mar 2012 11:15:27 -0700

http://marthasvineyard.patch.com/blog_posts/moving-to-marthas-vineyard-living-the-dream-and-learning-to-love-the-reality

Housing Crisis 2012

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Tue, 06 Mar 2012 04:02:06 -0800

Housing Crisis to End in 2012 as Banks Loosen Credit Standards

01/24/2012BY: KRISTA FRANKS BROCK

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Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.

The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.

Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.

However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability.

Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.

Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”

In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.

While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.

Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability.

Martha's Vineyard Land 43 12th St, 44 11th St Edgartown, MA

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Thu, 01 Mar 2012 05:33:32 -0800

Tina Marinelli | Pat Hughes, 508 627-7800 Hughes & JC Murphy Real Estate, LLP | (508) 560-6906

44 11th St S # 43 12th St, Edgartown, MA

43& 44 12th -St & 11th-St Two treed, level 60x121 sq.ft. lots, back to back on 11th & 12th St

14,520 sqft Vacant Land

offered at $174,900

Lot Size

14,520 sqft

DESCRIPTION

Two treed, level 60x121 sq.ft. lots, back to back on 11th St & 12 St. S. 11 th St is a dirt road, w/town water on lot 135 just before this lot. 12th St-S is paved w/ nice homes in the area. Town has told owner lots must be combined and that with an enhanced system, 3 bedrooms are allowed. Lots noted in orange on the plot plan have town water.

see additional photos below

ADDITIONAL PHOTOS

Photo 1

Contact info:

Tina Marinelli

Pat Hughes, 508 627-7800 Hughes & JC Murphy Real Estate, LLP

Licensed Sales Agent

(508) 560-6906

For sale by agent/broker

Equal Opportunity Housing

Posted: Mar 1, 2012, 3:34am PST

Come Vacation on Martha's Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Mon, 20 Feb 2012 09:41:16 -0800

The sun is shining and the Vineyard is so beautiful in spring and summer. A short ferry ride from

the steamship authority in woods hole, ma brings you to the port of Vineyard Haven or Oak Bluffs.

Inquire about a vacation rental all price ranges for your relaxing time away from the hussle and

bussle of the city.

Experience the Vineyard we have rentals as well as sales listings.

http://www.hughesandjcmurphyrealestate.com/MVLL/

Click on Rentals or sales properties.

Tina Marinelli cell 508 560-6906

Hughes J.C. Murphy Real Estate, LLP

508 627--7800

Please let us know how you have found us

5 ways to make buyers fall in love with your home

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Wed, 15 Feb 2012 17:59:54 -0800

http://pro.truliablog.com/grow-business/5-ways-to-make-buyers-fall-in-love-with-your-listing/?ecampaign=anews&eurl=pro.truliablog.com%2Fgrow-business%2F5-ways-to-make-buyers-fall-in-love-with-your-listing

Silver lining in Martha's Vineyard foreclosure Deeds

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Thu, 09 Feb 2012 07:08:45 -0800

The Martha's Vineyard Times

In Business : Silver lining in Martha's Vineyard foreclosure numbers

By Steve Myrick
February 1, 2012

Email Print 1 Comment

Martha's Vineyard Times File Photo

An analysis of Martha's Vineyard land records shows that property foreclosures rose in 2011, for the third consecutive year. But the statistics also suggest foreclosures will decrease significantly this year.

Several real estate executives are cautiously optimistic that the Island housing market is in the initial stage of a recovery.

According to records at the Dukes County registry of deeds, 37 foreclosure deeds were recorded in 2011. Foreclosure deeds totaled 32 in 2010, and 29 in 2009. By contrast, three foreclosure deeds were recorded in 2006.

A foreclosure deed is the final step in a long trail of foreclosure filings and notices, usually recorded after a lender takes legal possession of a property.

The foreclosure deeds reflect only those properties that went through the entire foreclosure process. The number of property owners losing their houses, though difficult to quantify, is certainly higher. Legal filings do not measure "short" sales and other private transactions forced by the threat of foreclosure.

The records also show a reversal in the rising trend of recorded orders of notice. An order of notice is the first step in the foreclosure process.

In 2011, 60 orders of notice were recorded at the registry. That is down substantially from the 92 filed in 2010, and the 79 filed in 2009.

While not an exact measure, the incidence of such filings gives a general indication of the number of foreclosures in the real estate pipeline.

An order of notice is a public declaration that the lender intends to foreclose, but does not necessarily result in a foreclosure. It can take from six months to a year, sometimes much longer, for the process to play out. In some cases, property owners who get an order of notice find a way to avoid foreclosure, by refinancing, selling, or paying the debt on the property.

Real numbers

The number of houses sold, the median price, and the value of those houses all fell substantially in 2011, compared to 2010, according to records from LINK Martha's Vineyard, a multiple listing service for Island property.

The number of houses sold fell from 351 in 2010, to 319 in 2011, a decrease of 9.1 percent. The total value of houses sold fell 19 percent, from $369,860,000 in 2010 to $299,522,000 in 2011. The average price of a house fell from $1,054,000 to $939,000, a decrease of 10.9 percent. Since the latest Island real estate boom in 2007, the average price of a house has fallen 34 percent. The dramatically lower house prices closely reflect the trend nationwide. According to real estate records, it took five years to reach the low point here, while it took the national average two years to reach the low point.

Because some houses are sold before the legal process of foreclosure is complete, it is difficult to track distressed property sales. Several real estate professionals estimate that about 10 percent of house sales involve houses in foreclosure, or under threat of foreclosure.

While a number of factors combined to depress prices from historic levels, it is difficult to gauge the effect of foreclosures on the real estate market.

Two prominent Island real estate executives, however, see cause for optimism in a strong fourth quarter of 2011.

Alan Schweikert, with nearly 40 years of experience in the Island real estate market, said foreclosure properties affect the unique Vineyard market in different ways than places like Florida or Michigan, where distressed properties have contributed to deep economic woes.

"I don't think there are enough foreclosures here to make that much difference," Mr. Schweikert, president of Ocean Park Realty Inc., said. "Martha's Vineyard itself, we seem to come out of recessionary periods faster than other places, so we're in many respects, a leading indicator. Most foreclosures that come up sell fairly quickly. In some ways, because there's not that many, it has been good for the market. We've sold a number of foreclosures, and most of them were purchased by first time buyers, young people.

Mr. Schweikert is bullish on the Island's housing market.

"Without a doubt, we are coming out of this," he said. "Speaking just for my own office, this year has been much better than the last two."

Sean Fedorowicz, an owner and broker at Coldwell Banker Landmarks Real Estate, is watching closely to determine if the current housing market is the "new normal."

"Based upon the fourth quarter transaction activity on the Island, there is reason for guarded optimism that signs of improvement are already underway," Mr. Federowicz said in a statement analyzing the 2011 real estate market. "This behavior should continue into the new year especially if interest rates remain near historic lows, pricing continues to reflect relative values, and consumer confidence strengthens."

He sees pent-up demand in the market, with a large number of potential house buyers looking at property in the final months of 2011.

"We're still working with a number of buyers that were priced out at the height of the market, that have not gone away," Mr. Federowicz said in a phone interview. "They're sitting on a pile of cash. Realistically, you're hearing corporate earnings, banking, and housing sectors are recovering. It's not running wild, but there are select pockets."

View Martha's Vineyard Forclosure Deeds 2006-2011 in a full screen map

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Joyce Byrne

I find the map a
helpful accompaniment to the article. Thank you.
- Like
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- 6 days ago

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http://www.mvtimes.com/marthas-vineyard/article.php?id=9076

Oak Bluffs

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Mon, 06 Feb 2012 00:41:40 -0800

Affordability

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 05 Feb 2012 17:38:25 -0800

http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Fannie Maes Fire Sale Auction Properties

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 05 Feb 2012 16:54:18 -0800

http://online.barrons.com/article/SB50001424052748703964504577193140821852520.html?mod=BOL_hpp_dc#articleTabs%3Darticle

Buying on Martha's Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 05 Feb 2012 16:06:29 -0800

It is a buyer's market in residential real estate on Martha's Vineyard. Some of the inventory of homes have been reduced. Do you have a dream to own on Martha's Vineyard? Perhaps a summer getaway that you can rent out as well ? Or maybe your thinking of relocating to the island of Martha's Vineyard?

If you are interested in buying you can help in analyzing your own situation by reviewing a few questions.

What a home on Martha's Vineyard would be for you? An investment, a retirement home,a summer vacation getaway from the busy city? How long do you think you may want to own your home? Would you consider year round or seasonal? Would you like to have room for extended family? What realistic price can you afford ? A mortgage affordability calculator is helpful in analyzing your own individual situation. Island Banks have low rates at this time you can click on my links for a few of the local banking institutions and review their rates and financial information.

Each Island Town has its own unique features, you can review the towns on the Vineyard by clicking on my link of each town. Or perhaps you may already have been to the Vineyard and already have a town that is appealing to your interests?

The island is a unique place that holds many family memories, perhaps you are interested in visiting for a vacation?

You can visit Martha's Vineyard by plane, or you can bring your own automobile. If you are planning a vacation with your automobile it is best to reserve a Ferry Ticket in advance on the

www.Steamshipauthority.com

About Martha's Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 05 Feb 2012 14:30:36 -0800

Martha's Vineyard, New England's largest resort island, was formed by glacial action 10,000 years ago and lies 7 miles off the coast of Cape Cod, in the Commonwealth of Massachusetts, USA. The Island is roughly triangular-shaped with its base the straight south shore. It is 9 miles wide and 23 miles long at its furthest points; the total land area is approximately 100 square miles. Martha's Vineyard has a total of 124.6 miles of tidal shoreline. MAP

As a resort area, the population changes dramatically from one season to the next. Martha’s Vineyard has a year-round population of about 20,000 swelling to 100,000 in the summer. An additional 25,000 visitors are coming and going onferries every day. It is made up of several distinct groups: year-round residents, seasonal residents who have second homes here, visitors who come for the season, a month, a week or perhaps only a day.

Charming Cottage Martha's Vineyard Oak Bluffs, MA

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 29 Jan 2012 12:21:31 -0800

Tina Marinelli | Hughes & JC Murphy Real Estate, LLP, Pat Hughes, J.C. Murphy office 508 627-7800 | (508) 560-6906

26 Commonwealth Ave, Oak Bluffs, MA

Charming ! Master with private balcony and screened porch w/ views
of Sunset Lake.

2BR/1BA Single Family House

offered at $289,000

Year Built	1870
Sq Footage	793
Bedrooms	2
Bathrooms	1 full, 0 partial
Floors	2
Parking	Unspecified
Lot Size	Unspecified
HOA/Maint	$0 per month

DESCRIPTION

"Blue Heaven". Offered furnished and cheerfully decorated with updates that include a new kitchen and bathroom, new plumbing, water heater, and some elec. work, plus refinished pine and fir floors. Sunny breakfast nook as well as dining room, gracious wrap around porch. Two bedrooms up, master with private balcony and screened porch w/ views of Sunset Lake. Charming and so convenient to beach and down town. Owners are motivated to sell!

see additional photos below

PROPERTY FEATURES

- Fireplace	- Refrigerator	- Stove/Oven
- Washer	- Dryer

OTHER SPECIAL FEATURES

- Patio, Porch, Porch - Screened, Water Views, Covenants

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8

Contact info:

Tina Marinelli

Hughes & JC Murphy Real Estate, LLP, Pat Hughes, J.C. Murphy office 508 627-7800

Licensed Sales Agent

(508) 560-6906

For sale by agent/broker

Equal Opportunity Housing

Posted: Jan 29, 2012, 7:03am PST

Real Estate on Martha's Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Wed, 25 Jan 2012 22:51:37 -0800

http://www.hughesandjcmurphyrealestate.com/MVLL/

Real Estate on the Island of Martha's Vineyard

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Wed, 25 Jan 2012 22:46:51 -0800

www.hughesandjcmurphyrealestate.com/MVLL/

Summer rental Martha's Vineyard Oak Bluffs, MA

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Wed, 25 Jan 2012 21:55:58 -0800

New Home Buying Power & Mortgage Calculator Applications

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sun, 22 Jan 2012 14:03:42 -0800

Home Buying Power is a tool that helps you quickly determine how much house you or your client can afford. This is an essential tool for the Real Estate Professional or the home shopper to quickly focus a home search on the right price point.

http://www.youtube.com/watch?v=mVMvV8y3oP4

Home Buying Power also includes a powerful mortgage payment calculator with a "Detail" view that includes fields for the properties MLS # and address. The detail view also has fields to enter the most significant fees due at closing and estimates an amount due at closing.

http://www.youtube.com/watch?v=-wl0-2eM-h0

freddie-mac-us-30-year-fixed-rate-at-new-low-2012-01-19

Tina Marinelli (Hughes & J.C. Murphy Real Estate, LLP) — Sat, 21 Jan 2012 00:16:40 -0800

http://www.marketwatch.com/story/freddie-mac-us-30-year-fixed-rate-at-new-low-2012-01-19

http://www.hughesandjcmurphyrealestate.com/