marty patrizi realtor: Have Pending Sale On A HUD Property?....Not Now
- 10/29/10 12:05 AM
HUD Pulls The Plug: Moratorium On Pending Sales Department of Housing and Urban Development (HUD) has set a moratorium on pending sales of government owned foreclosures set for November 5, 2010. All sales set to close after 11/5 will be halted. This moratorium is currently indefinite and no indication has been given when it will end. Agents involved with pending HUD sales? Contact your local HUD contractor for details. Buyers with pending HUD sales? Contact your agent. Buyers willing to to continue their deal will be waiting for an indefinite period. Buyers who do not want to wait will be able to get a release for … (7 comments)
marty patrizi realtor: Government Owned Homes For Sale in Rockingham County New Hampshire
- 10/27/10 02:20 PM
Homes owned by the government are handled by the Dept. of Housing and Urban Development (HUD). HUD offers 3% back to you towards your closing costs. Some homes are in move in condition and others may need repairs/updates. FHA 203K loans are available for the purchase and the cost of repairs/updates. You are able to borrow up to 96.5% of repaired/updated value. Here are HUD's listings for Rockingham County New Hampshire as of October 27, 2010.
Chester: 4 bedrooms, 2 baths, great room, dining room, two living rooms one with fireplace. Partially finished lower level with garage under, all on … (0 comments)
marty patrizi realtor: Fannie Mae Give Away
- 10/15/10 03:38 PM
Fannie Mae Incentives For Home Buyers and Realtors Fannie Mae (Federal National Mortgage Association) has 390 propetries for sale in New Hampshire. FNMA is offering incentives: 3.5% of the purchase price back to buyers towards their closing costs and $1,500 to Realtors who can help a buyer close on a home by December 31. 2010. The buyers must be owner occupants and Realtors must be working with owner occupants. No investor deals will be honered with the incentives. Note of caution: deals signed after November 15, 2010 may not have enough time to close by December 31, 2010. Deals must close in 60 … (4 comments)
marty patrizi realtor: Real Estate Report For Rockingham County New Hampshire October 2010
- 10/12/10 10:30 PM
Rockingham County NH Real Estate Report October 2010 We are looking at homes sold data for the last four years verses the last twelve months to determine the state of the market in Rockingham County. There were 4,181 homes sold in 2006 with an average days on the market of 106. There were 5% less homes sold in 2007 at 3,975 with average days climbing three weeks to 133 days. While the recession was in full bloom in 2008, 16% less homes sold at 3,318 and days on market stayed steady at 132. The Federal Home Buyer Tax Credit was established … (2 comments)
marty patrizi realtor: Do You Have Any Rent To Own Deals?
- 10/11/10 05:24 PM
It's a question I get quite often and I truely want to help my clients reach their goal of home ownership. The "Rent To Own" concept is a little deeper than it sounds. This discussion is meant for information only and you should consult an attorney before you enter into a "Lease Option" or "Lease Purchase" Contract. That being said let's look at the basics. The basics consist of an agreement between the seller and the buyer where the seller agrees to sell the property at a future date to the buyers at a specified price. The price can be agreed … (1 comments)
marty patrizi realtor: HUD Homes For Sale In Rockingham County New Hampshire
- 10/10/10 04:22 PM
FHA guaranteed loans that default and are foreclosed are handled by The U.S. Secretary of the Interior Dept. of Housing and Urban Development otherwise known as HUD. HUD.gov offers buyers 3% of the purchase price back to the buyers towards their closing costs. Bids are electronically submitted direct to HUD and close at midnight every day. Buyers will know if their bid is accepted by 9:30 am the next day. Some foreclosures are in move in condition and others may need repairs. Loans are available for the agreed upon purchase price plus the cost of repairs. These are the HUD offerings … (0 comments)
marty patrizi realtor: How To Buy Foreclosures From The Government
- 10/04/10 01:14 PM
How To Buy Foreclosures From The Government FHA guaranteed loans that are in default and foreclosed are handled by the U.S. Secretary of the Interior Dept. of Housing and Urban Development (HUD). HUD contracts with various management companies around the nation who perform clean-outs, evaluate the condition of the porperty with a published property condition report, and manage the sale and transfer of those properties. Brokers can register with HUD to be HUD certified. They can deal direct with HUD by marketing the property, submitting bids direct to HUD electronically, and aiding buyers with the purchase. HUD will contribute 3% back to … (3 comments)
marty patrizi realtor: Ossipee NH Real Estate Report Septmeber 2010
- 10/03/10 12:40 AM
Ossipee NH Real Estate Report September 2010 We are looking at homes sold data for the last four years verses the last twelve months to determine the state of the market. There were 79 homes sold in 2006 and they spent an average of 113 days on the market. 2007 saw 10 less homes sold at 69 and the time on the market went up three weeks to 139 days. While the recession had a firm hold in 2008, 67 homes sold and days on market went up another week to 145. The Federal Home Buyer Tax Credit was established to … (0 comments)
marty patrizi realtor: How Interest Rates Effect Your Purchase Power
- 09/30/10 03:38 PM
How Interest Rates Effect Your Purchase Power This chart depicts the effect the interest rate has on your purchase power holding your mortgage payment steady at $865/mo on a thirty year mortgage. At 3.75% you could afford a mortgage of $187,000, at 4.00% = mortgage of $181,000, at 4.35% = mortage of $176,000, at 4.50% = mortgage of $171,000, at 4.75% = mortgage of $166,000, and at 5.00% = mortgage of $161,000.
An increase of .25% can drive purchase power down $6,000. Today's interest rate (as of 9-30-2010) is hovering arond 4%. Think interest rates are going to stay this low forever? … (2 comments)
marty patrizi realtor: Waiting To Sell?
- 09/30/10 02:34 PM
Waiting to Sell Your Home? People who know me are always asking "How's the market?". I have to be careful how I answer. Sure, it is a great time for buyers. Interest rates are at the lowest levels in decades, average home prices have fallen 15-25% in the last three to four years, and now there are a lot of homes on the market giving buyers a great inventory to choose from. Times have not been so good for sellers or has it? If they have purchased in the last three to five years and didn't put much money on their down payment, they … (0 comments)
marty patrizi realtor: HUD Offers You A Chance At Fast Equity
- 09/28/10 04:06 PM
HUD Offers You A Chance At Fast Equity FHA guaranteed loans that are in default and foreclosed are handled by the U.S. Secretary of the Interior Dept. of Housing and Urban Developement (HUD). HUD offers 3% back to you towards closing costs. Your bid can be submitted direct to HUD electronically by midnight and an answer is available by 9:30 am the next day. Some of these homes are in move in condition and others need repairs. LOANS are available for the purchase price plus the cost of repairs. Call for details. This is your best chance to get into a home for a low price or … (0 comments)
marty patrizi realtor: Durham NH Passes Disorderly Housing Ordinance?
- 09/28/10 02:30 AM
Durham NH Passes Disorderly Housing Ordinance? 9-28-2010 Town council members voted 6-3 in favor of a "Disorderly Housing" ordinance which levies fines on landlords for the actions of their tenants. The ordinance is aimed at absentee landlords who rent residential housing and don't address neighbor's complaints of disorderly acts defined by the ordinance as loud music, boiserous parties, excessively loud or unnecessary noises, fights, and public intoxication. Let's be honest here; the ordinance is aimed at UNH students who are renting in residential areas in response to lack of available student housing at the University. To be fair, all disorderly conduct … (0 comments)
marty patrizi realtor: Government Owned Foreclosures Strafford County New Hampshire
- 09/27/10 01:44 PM
Government Owned Foreclosures Strafford County New Hampshire Government owned foreclosures are handled by the U.S. Dept. of Housing and Urban Developement (HUD). HUD currently has four single family homes and one multi-family on the market in Strafford County. Bids can be submitted direct to HUD and an answer is available by 9:30 am the next day. These properties come with a 3% rebate which is applied to the buyer's closing costs. Some of these properties are in move in condition and others may need repairs. LOANS are available for the purchase price plus the cost of repairs. This is a great … (0 comments)
marty patrizi realtor: Strafford County New Hampshire Real Estate Report
- 09/27/10 01:32 PM
Strafford County New Hampshire Real Estate Report September 2010 We are looking at homes sold data for the last four years verses the last twelve months to determine the state of the real estate market in Strafford County New Hampshire. In 2006, 1,649 homes were sold and spent an average of 85 days on the market. 2007 saw 18% less homes sold at 1,346 and days on market was up three more weeks to 108. While the recession was in full bloom in 2008, 21% less homes sold at 1,063 and the time on the market went up again by two … (0 comments)
marty patrizi realtor: Barnstead NH HUD/Gov't Deal
- 09/26/10 02:17 PM
Barnstead NH HUD/Gov't Deal HUD/Government owned home. HUD will give you 3% back towards your closing costs. Bids can be submitted direct to HUD and an answer is available by 9:30 am the next day. This home is part of Locke and Half Moon Lakes association. You will have lake access for beach and boat along with pool, tennis, and golf. This home has 1,428 sqft, three bedrooms, partially finished lower level, one full bath and one 3/4 bath on .31 acre. Lots of v-match pine and unique charm. Could be a year round home or a summer getaway. Offered at $120,000 … (0 comments)
marty patrizi realtor: Salem NH Government Aid For Foreclosures
- 09/21/10 07:44 AM
Salem NH Government Aid For Foreclosures HUD/Government owned foreclosures come with a 3% rebate towards your closing costs. When your bid is submitted electronically direct to HUD by midnight, an answer to your bid is available by 9:30 am the next day. Here is a Salem NH split level with three bedrooms, two baths, garage, and inground pool. Home is in need of some repairs. Estimated repairs are less than $10,000 and HUD is asking $200,000 which is way below the town's assessment of $348,700. This is your best chance to get in for a low price and build real equity … (1 comments)
marty patrizi realtor: Epping NH Real Estate Report September 2010
- 09/18/10 09:59 PM
Epping NH Real Estate Report September 2010 We are looking at homes sold data for the last four years verses the last twelve months to determine the state of the market in Epping NH. There were 97 homes sold in 2006 with average time on the market of 134 days. In 2007, 113 homes sold with average time a lengthy 186 days. In this study, 2007 had seen the highest number of homes sold with the longest market time. Recessionary pressures were seated firmly in 2008 where we see only 84 homes sold and days on market decreased about a month to … (0 comments)
marty patrizi realtor: Epping NH Foreclosure HUD Owned
- 09/16/10 04:10 PM
Epping NH Foreclosure HUD Owned HUD (U.S. Dept. of the Interior for Housing and Urban Developement) will contribute 3% to the buyer's closing costs. Bids can be submitted direct to HUD by midnight and an answer is available by 9:30 am the next day. Presented by Marty Patrizi Realtor with Virtual Homes Real Estate 603-732-1800 ext 291. Three bedroom colonial with two baths, farmers porch, unfinished walk up third story, and two car garage under. 1,872 sqft .33 acres 20 mins to Rochester, 20 mins to Portsmouth, 30 mins to Manchester. Needs some minor cosmetics....Good Deal at $214,000
For FREE ACCESS to the MLS … (0 comments)
marty patrizi realtor: Rochester NH Real Estate Report September 2010
- 09/16/10 03:34 PM
Rochester NH Real Estate Report September 2010 We are looking at homes sold data for the last four years verses the last twelve months to determine the state of the market in Rochester, NH. There were 472 homes sold in 2006 with average days on market of 73. A 29% decline in homes sold for 2007 at 339 with days on market up 34 days to 107 days. 2008 saw another down turn of 23% less homes sold at 262 and days up another 14 for a total average of 121 days. While the Federal Home Buyer Tax Credit was established … (0 comments)
marty patrizi realtor: Who Needs Another Real Estate Market Report?
- 09/15/10 01:39 PM
I have to say I've been consumed by curiosity. 9-15-2010....I've written 50 town real estate market reports in the last 15 days. I should be spending more time with my family. To know your market is key to working for your clients best interests whether on the buyer or seller side. If you don't know your market, you better catch up. The business of real estate won't be the same from now on. There is just too much information for your prospects to dissect. You can find all you want on the internet, just can't trust what is true. You … (2 comments)
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HUD Pulls The Plug: Moratorium On Pending Sales
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