|
Dear valued Client and Friend
Not a bad winter, so far. We may not be out of the woods, but the days are getting longer. Hope all is well.
In this issue:
First Time Home Buyer Financing
Area Towns Home Sales 2010 v. 2011 and 2005 v. 2011
How to Use Comparable Sales to Price Your Home
|
First Time Home Buyer Financing
|
|
First time home buyers are faced with a more difficult task these days, but the challenge may not be as bad as it is perceived to be.
For many, the down payment is the biggest hurdle, or at least it is thought to be. The perception is that a buyer needs 20% for a downpayment. Although the average downpayment is about 12%, that number is exaggerated by the large number of cash buyers in the market. In most markets, the FHA requirement of 3.5% is all that is required. And there are even some better deals than that.
Check out the following list of agencies and programs for one that might work for you, and then find a participating lender to work with.
* FHA (Federal Housing Administration)
* VA - U.S. Department of Veterans Affairs
* USDA Rural Development
* MassHousing
|
Area Towns Home Sales
2010 v. 2011
|
|
|
|
|
Area Towns Home Sales
2005 v. 2011
|
|
|
|
* While the decline in home sale prices has been across the board, some towns have fared better than others.
* Statewide, the sale price of single family homes has fallen by about 19% since the peak year of 2005.
* 2011 sales volume statewide and in our region is down about 23% from the year 2005.
|
How to Use Comparable Sales to Price Your Home
|
|
Even if you are not in the market to sell your home, it’s nice to know what it might be worth.
Read the article below to learn the elements of a comparable sales analysis, and then click on the image to the left to sign up for our “Homes Sold in Your Neighborhood” email service for real time information on home sales where you live.
Read More »
|
Moving out of state or across town? We can help.
|
