New England Properties: December 2009

2009- Real Estate Success Stories - Taunton-Rehoboth-Lakeville--Berkely Area Massachusetts

I am so humbled and thankful for my career in Real Estate. I am also so rewarded by helping people achieve their home buying and selling dreams. The opportunities were so phenominal for those who moved swiftly.

Reflecting on 2009- I , love helping people and am so rewarded ..equally by both the monetary reward and the feeling that I helped...An investor client of mine rennovated 3 distressed properties and made some serious profit..

A first time buyer client from early this year bought a home for $150,000 put about $10k of sweat equity into a kitchen, paint and some minor fixed now conservatively worth $215k. 

A home seller of  thought he was "giving" his house equity  away.unfortunately the market stole his equitt... he sold it for appraised market value.. and..what he thought he was "giving" away.. he made up for when he bought a house for $50,000 LESS than actual value.. this is such a win-win for him. Needless to say.. a very happy client!

All of my clients won this year and won big. Sellers and Buyers alike are doing well in this market.  and there is still such a tremendous opportunity for those willing to step out and forget about the fear.

Are you ready to take advantage of this opportunistic market. I can show you how to buy the right home,  and/or help you sell your current home.

Thinking about retirement or a college fund for your children- let me show you how to invest in real estate, ...the right way. Create a positive cash flow, with great tax benefits, and long term appreciation.

Call me for details and find out how you can receive a FREE copy of of one of the following best sellers:

"Your First Home" 

"Millionaire Real Estate Investor"

"FLIP"

Thank you for viewing my blog!

Free Market Valuation- Complete 10 page document with facts, figures, and absorption rates

 

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For Your Ultimate and Complete home search go to http://www.southeastmahomes.com

 

Lori Lincoln

Keller Williams Realty

http://LoriLincolnTeam.com

lorilincoln@kw.com

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton and more! Certified Distressed Property Expert Home Specialist in MA

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  Search Thousands of Homes for Sale -Ultimate Taunton MA Information and Home Search

Find out what your home is worth http://tauntonhomevalue.com

Get the latest Taunton Area real estate news at http://twitter.com/mahomesforsale

 Taunton Massachusetts Real Estate

Home Value Update for Provincetown MA 02657 Through November 2009

According to Trulia.com, the current average listing price of homes on the market in Provincetown, MA is $657,902, while the current mean sales price of homes is $370,000. The sale prices of single family homes in Provincetown, MA have increased 1.6% in the past year through the end of November 2009, but have fallen 34.7% over the last 5 years. Below is a chart of the trend of listing prices of homes for sale in Provincetown, MA, in the past year through November 2009:

Provincetown Recently Sold Homes

The $8000 first-time homebuyer tax credit has been extended, and now expires on April 30, 2010. So, there's no better time than now to buy a home in Provincetown, MA, or surrounding area. If you're looking for a home or condo to purchase in Provincetown, MA, or in the surrounding area, then try this home search.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. When you're ready to buy a home, find out how much home or condo you can afford to purchase in Provincetown, MA, or in the surrounding area.

If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses, then consider getting a reverse mortgage. Find out how a reverse mortgage can use the equity in your home to pay you.

Massachusetts Monthly Activity Report

This report really shows how the active property inventory is November 09 lower than the entire year and take a look at November of 2008 in comparison.  This is certainly encouraging.  it is great to hear all the good news too about the housing industry.  The Needham, MA home market activity is strong and the buyers are looking.  I have been very busy these last 2 weeks personally and at a time when things are really quiet in general.

It is also an excellent time think about getting contractors in to do some much needed work on your existing home and remodeling.   Interior painting would be a great start.  Take an inventory of those little things that need to be done.  Could be a ceiling or a missing knob here or there.  Also consider some energy-saving items that you could do for your pocketbook.  Contact MassSave and schedule an energy assessment 866-527-7283.  There are some great rebates for insulating.

The best bang for your buck in a minor kitchen remodel, window replacement, master suite addition, siding. The Realtors Cost versus Value report ranks high 10 of the 33 projects to be exterior projects.  When folks are looking at property they are looking at location and then for "curb appeal" always.  Take a look at this site for more detail.

http://www.remodeling.hw.net/2009/costvsvalue/division/new-england/city/boston--ma.aspx

Spring comes in February real estate-wise so it is definitely a good time to get to some projects you have been mulling around in your mind.

Home Value Update for Truro MA 02666 Through November 2009

According to Trulia.com, the current average listing price of homes on the market in Truro, MA is $1,099,280, while the current mean sales price of homes is $480,000. The sale prices of single family homes in Truro, MA have decreased 23.2% in the past year through the end of November 2009, and have fallen 41.4% over the last 5 years. Below is a chart of the trend of listing prices of homes for sale in Truro, MA, in the past year through November 2009:

Truro Recently Sold Homes

The $8000 first-time homebuyer tax credit has been extended, and now expires on April 30, 2010. So, there's no better time than now to buy a home in Truro, MA, or surrounding area. If you're looking for a home or condo to purchase in Truro, MA, or in the surrounding area, then try this home search.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. When you're ready to buy a home, find out how much home or condo you can afford to purchase in Truro, MA, or in the surrounding area.

If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses, then consider getting a reverse mortgage. Find out how a reverse mortgage can use the equity in your home to pay you.

Needham, MA Event -

I have had the privilege of hearing these men and their choir is truly amazing.  There are so many people who suffer from addiction and need help so I thought this would be a great event to know about and it is a free event.

Come and hear how God has set people free from their life-destroying addictions. The Teen Challenge Choir

http://www.tcnewengland.org/ will be singing and sharing their new life stories of freedom.  This is a men's choir made up of 16 year-olds to 50 year-olds who have experienced freedom from addiction.. Do you know someone who is struggling with addiction? Bring them. Be our guests - Cornerstone Assembly of God, 754 Greendale Avenue, Needham MA January 17th @ 12:15 PM. Free lunch to follow. For more information call 781-449-3035 or visit our website at cornerstone-aog.org   Everyone is welcome to this free event.

Little Known Facts About the Homebuyer Tax Credit

The Worker, Homeownership and Business Assistance Act of 2009, signed into law on Nov. 6, 2009, extended and expanded the homebuyer tax credit. Under the new law, April 30, 2010, to buy a principal residence 2010. You must close on the new home by June 30, 2010.

While both first-time homebuyers and existing or previous home owners can take advantage of the tax credit, the IRS gets the final say on who and who does not qualify.

Here are some little-known "interpretations" of the homebuyer tax credit that most people are not aware of:

• Any home that is purchased as your principal residence and is located in the United States qualifies. This means the homebuyer tax credit is not available for homes purchased in the US Territories - it's available only in the 50 states.
  
  
• When you buy a 2-, 3- or 4-unit home and occupy one of the units as your primary home, you can claim up to 10% ($8000 maximum tax credit) of the unit you will occupy - NOT the entire sales price.  Example:  If you bought a duplex for $100,000, your "cost basis" is $50,000 (one-half of $100,000) and the maximum homebuyer tax credit you can claim would be 10% of $50,000, or $5,000.
  
  
• Income limits for the homebuyer tax credit are based on your adjusted gross income. Your income can exceed $125,000 (single) and $225,000 (married) by up to $20,000 and you will still qualify for a partial homebuyer tax credit based upon a modified adjusted gross income (MAGI) formula created by the IRS.
  
  
• For New Construction, the "date of purchase" is considered the date you occupy the property - NOT the closing date or the start-or-construction date.
  
  
• Homes sold on "Land Contract" or "Contract for Deed" can qualify for a homebuyer tax credit. If the taxpayer obtains the "benefits and burdens" of ownership of a residence in a seller financing arrangement, then the taxpayer can claim the credit even though the seller retains legal title. Factors that indicate that a taxpayer has the benefits and burdens of ownership include:
  
  
  
  • the right of possession;
  • the right to obtain legal title upon full payment of the purchase price;
  • the right to construct improvements;
  • the obligation to pay property taxes;
  • the risk of loss;
  • the responsibility to insure the property; and
  • the duty to maintain the property.

Happy Holidays! Here's the latest scoop on the Medford real estate market.

Medford Real Estate Statistics as of December 2009

Let's compare this to just about one year ago as the new year began.

Medford Real Estate Statistics as of January 2009

As you can see, prices throughout the city continued to fall during 2009. Sales of both single family and multi family homes remained pretty steady. Not only are there less condos for sale than there were last year, a much larger percentage of condos have been selling. Putting these two facts together shows a stronger condo market than we had last year. We're also seeing what we'd expect, a corresponding drop in the number of months of inventory currently for sale (absorption rate).

I ran across this site, Massachusetts Public Notices that allows you easily to see the upcoming public auctions for foreclosed homes as well as:

• Businesses and Corporations
• Invitations to Bid on Contracts
• Court Proceedings # Elections
• New Laws
• Forfeitures
• Public Auctions
• Liquor Licenses
• Meetings
• Environmental Conditions
• Land Use 
• Taxation

The services scans all the local newspapers to search for public notices.  You can search by paper or set email alerts for areas or notices you are looking for..... I thought it was a great resource to pass along.

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If you or anyone you know are looking at losing a home to foreclosure, I am a Certified Short Sale Specialist and offer a free confidential consultation to anyone in this crisis.  Call Kevin at 978-360-0422  For more information on avoiding foreclosure visit Should I Short Sale My Home and More about Short Sales.

Real Estate Estate Services in the northeast Massachusetts, around the Merrimack Valley, Southern New Hampshire including the towns of Andover, Billerica, Boxford, Chelmsford, Dracut, Georgetown, Groveland, Haverhill, Lawrence, Lowell, Merrimac, North Andover, Newbury, Newburyport, North Reading, Rowley, Tewksbury, Tyngsboro, Westford, Wilmington, West Newbury

Home Value Update for Wellfleet MA 02667 Through November 2009

According to Trulia.com, the current average listing price of homes on the market in Wellfleet, MA is $711,998, while the current mean sales price of homes is $458,500. The sale prices of single family homes in Wellfleet, MA have decreased 10.1% in the past year through the end of November 2009. Below is a chart of the trend of listing prices of homes for sale in Wellfleet, MA, in the past year through November 2009:

Wellfleet Recently Sold Homes

The $8000 first-time homebuyer tax credit has been extended, and now expires on April 30, 2010. So, there's no better time than now to buy a home in Wellfleet, MA, or surrounding area. If you're looking for a home or condo to purchase in Wellfleet, MA, or in the surrounding area, then try this home search.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. When you're ready to buy a home, find out how much home or condo you can afford to purchase in Wellfleet, MA, or in the surrounding area.

If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses, then consider getting a reverse mortgage. Find out how a reverse mortgage can use the equity in your home to pay you.

US HUD Government Owned.. Steal This House in Fall River MA- Opportunity to own real estate for low money is now!!!

3 Family in Fall River.. HUD Home, Government Owned. Keller Williams in Easton is  a HUD Registered Broker and is free to Advertise  HUD properties.

Do you have children to send to college? Do you need a retirement income? 

Call Lori Lincoln for a Complete description of this property or any other HUD,government owned or Bank Owned Property in Fall River, Rehoboth, Swansea, Somerset, Dighton, Taunton,Massachusetts  and Surrounding Cities and towns.

There are 3 other multi-family properties in Fall River that are HUD owned

Lori's knowledge and Expertise will guide you through the entire process. Invest in Real Estate today for potential profit for many years to come.

visit my blog at http://www.southcoastmahomes.activerain.com

Search the entire MLS for FREE at http://LincolnTeamRealEstate.com

FREE Copy of Up to date Foreclosure Listings.. email me at lorilincoln@kw.com

 

Lori Horton Lincoln likes

Lincoln Team Real Estate

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For Your Ultimate and Complete home search go to http://www.southeastmahomes.com

 

Lori Lincoln

Keller Williams Realty

http://LoriLincolnTeam.com

lorilincoln@kw.com

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton and more! Certified Distressed Property Expert Home Specialist in MA

Follow this blog                                                                               

 

  Search Thousands of Homes for Sale -Ultimate Taunton MA Information and Home Search

Find out what your home is worth http://tauntonhomevalue.com

Get the latest Taunton Area real estate news at http://twitter.com/mahomesforsale

 Taunton Massachusetts Real Estate