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Want to buy a home, Natick, MA? Supply is down
Want to buy a home, Natick, MA ? Supply is down
For more information call my cell 781-929-4994 or visit my website www.HomesbyNorcross.com
So far in 2010 we are experiencing something new. Supply is down and there are more buyers than sellers. Buyers have been waiting for the market to come down before they can purchase a home. I
Natick Real Estate
recently read of a home for sale in Natick, MA that came on the market and had 60 people at the open house and 5 offers. In the Boston globe recently it talked about Demand is up, Supply is down.
Last year we had a ton of inventory. This year so far we have more demand than supply. If houses come on and they are priced right they are experiencing multiple offers. So to the sellers I work with I advise them to be very careful on their pricing. If they price it right they will get their asking price.
This is a great article in the Boston Globe about a home for sale in Natick that sold prior to the home’s open house.
If you are a buyer – now is the time to get moving. Interest rates are down, prices are still down and the 1st time and home owner trade up program expires April 30. I have been to several closings in 2010. My experience with rates are still under 5 for a 30-year fixed conforming loan. Last week I was at a closing with an interest rate in the 3′s for a 10 year ARM.
William Raveis Mortgage has some great rates. Contact Susan Kelly at William Raveis Mortgage. She is very creative and is a mortgage banker with Raveis Mortgage. Raveis has access to several banks and is very competitive in the market!.
See you at the next open house!
Call me if you want help with your home purchase. We have a team, Christine Norcross & Partners, at William Raveis and we can help you find your dream home in the Boston Metro West Market – Natick, Newton, Needha, Wellesley, Wayland, Weston and more.
You can reach Chris Norcross at 781-694-3595. Visit our website www.HomesByNorcross.com
Wellesley Home for sale, Wellesley, MA
Wellesley Home for sale, Wellesley, MA
For more information call Chris Norcross at 781-694-3595 or visit our website: Wellesley Home For Sale
We just listed a beautiful Wellesley home for sale. This home is a 5 bedroom, 3.5 bathroom home with 2-car garage. It is so beautiful it feels like a home from the pages of architectural digest. If you are looking for a home that needs no updating and you can just move in – this is the one.
Wellesley Home for Sale
Enjoy the sitting parlor/office and the sun-filled formal living room which connects to the Dining Room through a custom doorway. The spectacular Chef’s kitchen has custom cabinets, granite counter tops, a glass tiled back splash, wine cooler, sub zero refrigerator, Wolfe cook top, Bosch dishwasher and Thermador double ovens. The kitchen adjoins with the large family room which features surround sound, a marble surrounded fireplace, 2 large built-in bookshelves, recessed lighting, and custom windows. French doors lead directly to the outdoor stone patio and cedar fenced-in professionally landcaped and maintained backyard.
On the second level there are 5 Bedrooms and 3 full baths. The oversized Master Bedroom has vaulted ceilings, recessed lighting, custom built Closet-tec closets and an adjoining master bath with marble counter tops and flooring and a large skylight rests directly above the Whirlpool tub.
Third floor finished walk up is perfect for an exercise room, game room or children’s playroom.
Other features include a 2 car garge, 9 ft. ceilings, oak hardwood floors, sprinkler system, custom blinds, and a central humidifier. Ideally located a mile from downtown Wellesley and within a short walking distance to Hardy Elementary school. A truly magnificent home! You won’t find a better Wellesley home for sale, it’s just beautiful.
New Mortgage Laws and Regulations – Wellesley, MA Real Estate
New Mortgage Laws and Regulations – Wellesley,MA Real Estate
This is a very good video where Ryan Raveis discusses the new Mortgage Laws and Regulations for the new home buyers or trade-up buyers
New Mortgage Rules & Regulations, Wellesley, MA Real Estate
We saw an increase last year toward the end of November for closings. This regulation ends by May 1, 2010 and it’s time to take advantage of this incentive. Buyers looking to own a home in Wellesley, Newton, Needham may finally be able to qualify for a larger home up to $800,000.
What has changed. It takes a longer time to close a loan. On Average it take 47 days to close a loan. You have to take into account the time it will take to close a loan for your home in Wellesley, Needham or Newton, Ma Real Estate.
If you are looking to purchase a home and need help William Raveis Mortgage does a great job in help people purchase mortgages and getting into their homes. So if you are looking to purchase you are welcome to call my team Christine Norcross & Partners at 781-694-3595 or visit our website www.HomesByNorcross.com
JUST IN!!.. Homebuyer’s Tax Credit Extension
SENATE PASSES DODD LEGISLATION TO EXTEND HOMEBUYER’S TAX CREDIT
Dodd: A “Double Victory” for Connecticut Workers and Middle Class Families
WASHINGTON, DC – Senator Chris Dodd’s legislation to extend the homebuyer’s tax credit and expand it to more middle class families passed the Senate tonight as part of a bill that will also extend unemployment insurance. Dodd was an original co-sponsor of the bill, which will provide 14 additional weeks of jobless benefits for Connecticut workers.
“This is a double victory for families in Connecticut,” said Dodd. “Extending unemployment insurance benefits will help Connecticut families make ends meet in a tough economy. And thousands more middle class Connecticut residents may now be eligible to take advantage of the successful homebuyer’s tax credit. By helping unemployed workers keep from falling further behind, and helping middle class families get ahead, we’re taking positive steps to get our economy back on track.”
Dodd was joined by Senator Johnny Isakson (R-GA) in support of extending the homebuyer’s tax credit. The provision also expands it to cover people looking to buy a new home after having owned and lived in a home for more than five years. More than 70 percent of existing homeowners will now be eligible to take advantage of this program and use the credit to buy a new home.
The House version of the bill provided a 13-week extension in unemployment benefits for workers in states where the three-month unemployment average was above 8.5 percent. Dodd co-authored the Senate version, which provides a 14-week extension for workers in all states, including Connecticut, and an additional six weeks for workers in states where the three-month unemployment average is at or above 8.5 percent. Connecticut’s three-month average is 8.1 percent.
Summary of Dodd’s Homebuyer’s Tax Credit Provision:
· Extends the $8,000 first time Homebuyers Tax Credit and creates a new $6,500 tax credit for qualifying “move-up buyers” purchasing a home before April 30, 2010.
· Qualifying “move-up” buyers include homebuyers who already own a home that they have used as a principal residence for 5 years or more.
· Homebuyers with binding contracts as of April 30th will also qualify for the credit so long as they complete the transaction within 60 days.
· Available to homebuyers with incomes of up to $125,000 for a single return or $225,000 for a joint return.
· Available for homes which cost less than $800,000.
· Provides authority to the IRS to do greater oversight while processing the return and requires that the taxpayer claiming the credit be 18 or older.
· Members of the military, military intelligence, and foreign service who are on qualified extended official duty are not subject to the recapture fee and individuals who have been deployed overseas for 90 days or more in 2008 or 2009 can claim the credit through April 30, 2011
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Breaking news, the House passed the tax credit bill
The vote was 403-12. It is expected to be signed by the President tomorrow!!
If you are looking to buy or sell, please contact our team. We are a full service team with all the skills to help you with your search! Looking for a home in Boston Metro West. Click here and become our preferred client.
Is Your Town On Realty ‘Hot List?’ – As Seen On NewsCenter 5 Story – WCVB Boston
Is Your Town On Realty ‘Hot List?’ – As Seen On NewsCenter 5 Story – WCVB Boston.
Very cool article on Boston Market. Take alook.
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