Here is a map showing highlighted ineligible USDA areas:
Massachusetts Realtor and Broker Robert Adams Massachusetts Real Estate
According to BUYUSDA.com "USDA mortgages are the only no money down home purchase program available to borrowers who have not served in the military."
Here is a map showing highlighted ineligible USDA areas:
I received 2 emails from the CEO of Trulia and the CEO of Zillow as seen below. I have read that the merger is to be finalized in 2015, pending regulatory approval and the approval of the shareholders.
"The real story to me here is how did Move Inc (the operators of Realtor.com) fall asleep at the wheel and allow 2 third party websites that have a ton of inaccurate data surpass Realtor.com who has the most updated/accurate data. There were rumors of Trulia trying to acquire Move Inc prior to this Zillow/Trulia merger. The marketing team at Move Inc needs to step up their game if is not already too late." ~ Robert Adams
U.S. home sales stats have turned up sharply following the bleak winter numbers.
This week, we learned existing home sales rose at a stronger-than-expected pace in May while new home sales saw its biggest month-over-month increase in 22 years.
This has raised some chatter about a housing snapback.
But there is still one red flag: weak mortgage demand.
"Homebuilders likely are gaining market share from private sellers - builders are more motivated sellers, and have better access to information - but sales cannot trend higher indefinitely with mortgage demand still so weak," wrote Jana McTigue at Pantheon Macroeconomics.
Mortgage applications have been close to "rock-bottom levels," Ed Stansfield at Capital Economics wrote in a note earlier this month.
Stansfield also points out that while lenders have loosened their credit standards by a bit, they still expect borrowers to "have an above-average credit rating" and have "total debt payments on the mortgage and other loans" at 37% of income or less.
This chart from Shepherdson at Pantheon Macroeconomics shows the difference between existing home sales and mortgage applications:
And there's this interesting chart from Bank of America's Michelle Meyer that uses Google Trends to chart the search for "homes for sale" against the search for "mortgage calculator."
"Presumably after a person finds a property of interest, a natural next step would be to determine if it is affordable," writes Meyer. "We have not seen an increase in such searches. Perhaps this is because prospective buyers are discouraged by the lack of inventory or the asking price. Either way, it suggests that buyers are curious, but not committed at this point:"
Happy New Homeowners in Attleboro, MA! Looking for a new home for you and your family? Let me HELP you!
Congratulations to Ben and Ashley on their new home. You guys are the best clients! I wish you both many years of happiness to come in your new home!
I just received this update from the Greater Boston Real Estate Board:
"Delay to Boston Energy Mandate Approved by Council, Sent To Mayor Walsh for Consideration
On Wednesday April 30th the Boston City Council voted overwhelmingly to delay implementation of the energy mandate in Boston for one year. The lone dissenting vote was Councilor Matt O’Malley (D-Jamaica Plain). The bill will now be sent to Mayor Walsh for his consideration.
In 2013 the City of Boston approved a new mandate requiring owners with buildings over 35,000 gross square feet or 35 units to report and publicly disclose energy and water use. The law which captures condominiums, apartments and commercial buildings is being phased in over three years starting this year with first reporting deadline for commercial buildings May 15, 2014. Buildings could face fines up to $200 a day for non-compliance.
The 2013 law, introduced by Mayor Menino was part of his environmental blueprint. It was the first step in a plan that also called for labeling homes and requiring buildings to meet energy efficiency standards before they can be sold.
GBREB supports delaying the implementation of the new law in Boston to give owners more time to understand the new law and comply.
Other organizations who also testified in support of the delay were CAI, NAIOP, ICSC and the New Market Business Association.
Click here to see a copy of the committee report. "
I am in the Top 1% of all agents on Trulia.com, I have received VIP Level 2 recognition for my contributions to the site, I have a Pro Account, as well as 60+ reviews/recommendations, and my Profile is nearing the 10,000 mark for profile views. I just wanted to say THANK YOU to all the clients we have been able to represent in successful closings over the years.
Visit my Trulia Profile here: http://www.trulia.com/profile/robert-adams-broker-in-nv-amp-ma-broker-las-vegas-nv-1957580/
Most towns in Massachusetts are appreciating and feeling the strong buyer demand this Spring season. Is your property appreciating? Find out what your home is worth for FREE!
All Real Estate Agents are NOT the same. Watch this video about how to market your property to make sure you get maximum exposure and TOP DOLLAR for your home when you sell and how to get today's value of your home for FREE! (Most people are surprised when they hear how much their home is now worth after the last few years boom in appreciation).
*PLEASE NOTE: this video is a listing commercial for our sister site in Las Vegas but we do they same marketing campaign for our Massachusetts clients/listings.*
FOR A FREE COMPARATIVE MARKET ANALYSIS (CMA) CLICK HERE
Written by Paul Hagey
Online brokerage Redfin has sent an open letter to Zillow asking the portal to prominently display links to the brokerage’s website on listing pages for Redfin’s listings, among other requests.
Redfin sends all of its listings in the 23 major markets it serves to Zillow through multiple listing services or through Redfin agents who upload their listings to the site manually, Redfin spokeswoman Jani Strand told Inman News. Redfin has not brought up its issues with the way Zillow displays its listings to the portal before, Strand said.
Strand said the brokerage decided to address its issues in an open letter and advocate for other brokers because of its position as a tech leader in the space.
“Because Redfin is a real estate brokerage and a technology company, we have the technical resources to uncover situations like these, and it’s our obligation to communicate our findings to the industry and our users,” Strand said. “Consumers using any website should be able to access the source listing regardless of whether it’s a Redfin listing or a listing from another broker.”
Redfin says it hopes to hear from Zillow within two weeks about its concerns, but Strand says the firm has no plans now to withdraw its listings if no changes are made. “We think we can work this out,” Strand said.
In response to the letter, Zillow spokeswoman Amanda Woolley told Inman News, “We have great partnerships with brokerages around the country, and regularly solicit their input and ideas. We’d be happy to discuss this with Redfin and Glenn directly. In fact, we’re just a couple blocks down the road, and could even meet him at our local Starbucks.”
READ THE FULL ARTICLE HERE: http://www.inman.com/2014/04/03/redfin-challenges-zillow-on-home-listings/?utm_source=20140403&utm_medium=email&utm_campaign=newsflash
The Senate Finance Committee is slated to mark up a billThursday that would extend 45 tax provisions, including the Mortgage Debt Forgiveness Relief Act that expired on Jan. 1.
The mortgage debt forgiveness provision spares underwater borrowers from being penalized by the Internal Revenue Service when they agree to complete a short sale or when mortgage debt is cancelled as part of a loan modification.
Industry and consumer groups have been calling for a two-year extension of the Mortgage Debt Forgiveness Relief Act that would be retroactive to Jan. 1.
Senate Finance Committee chairman Ron Wyden, D-Ore., included such a two-year extension in his tax bill unveiled Tuesday.
"Congress' failure to extend mortgage debt forgiveness last year has created a situation where the federal government is now spending money on programs to prevent foreclosures, while threatening to tax the very homeowners they are trying to help," according to a letter signed by 23 industry and other interest groups.
"This threat of being taxed on 'phantom income' from debt forgiveness is causing many homeowners to think twice before modifying their loan or completing a short sale. Instead, they are choosing to continue on a path toward foreclosure or to simply walk away," the March 31 letter says.
While the Senate Finance Committee is on track to approve the tax extender bill quickly, it is unlikely to reach the president's desk any time soon, according to analysts at Guggenheim Securities.
"We believe Congress is unlikely to complete work on the extenders package until late this year. It could come down to December," analyst Jaret Seiberg wrote in a report on the tax extender bill.
Chairman Wyden's tax bill also would extend the deduction for mortgage insurance premiums for two years.
The two-year extension of the Mortgage Debt Forgiveness Relief Act is estimated to cost $5.4 billion over 10 years, according to the Congressional Budget Office. The MI premium deduction is estimated to cost $1.8 billion over 10 years.
Tomorrow will be 2 months since we launched MArealestateHELP.com and our Facebook company page. We are 1 like away from reaching our first 100 likes. Please invite friends and family that you think may be in the market to buy or sell their home in MA. (If you visit our company page it will give you the option to invite your FB friends).
To all of those that have already "liked" our page we thank you for your continued business and support.
Visit our Facebook company page here: https://www.facebook.com/MArealestateHELP
Penn National Gaming is wasting no time to get construction underway on the Bay State’s only slots parlor.
Penn National Gaming is wasting no time to get construction underway on the Bay State’s only slots parlor.
A 2 p.m. groundbreaking has been set for Friday, March 14, 2014 for the $225 million Plainridge Park Casino at the former Plainridge Racecourse on Washington Street in Plainville. Penn National Gaming (Nasdaq: Penn) was awarded the gaming license by the Massachusetts Gaming Commission last month. The Pennsylvania-based company sent invitations to the commission, state legislators, leaders of the harness racing industry, town officials and community leaders in Plainville and the surrounding communities of North Attleboro, Wrentham, Foxboro, and Mansfield. Invitations also have gone to local businesses, labor organizations and non-profit organizations among others.
Plainridge Park Casino will include a 106,000-square-foot racing and gambling facility featuring live harness racing and simulcasting with 1,250 slot machines, a restaurant, the first-ever Doug Flutie Sports Bar, food court, banquet room, entertainment lounge and casino bar, 1,620 structured and surface parking spaces, a 26,000-square-foot grandstand with box and reserved seats, and a 13,000-square-foot clubhouse with box seats.
Construction of the campus is expected to bring about 1,000 construction jobs and 500 new permanent jobs once completed, Penn National said.
Source: Boston Business Journal
Robert Adams & Angela Adams take the #1 and #2 spot for Trulia's Top Contributors for the week of 3-9-14 to 3-16-14
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FOR SALE $680,000 Colonial in North Attleboro, 5 bedroooms, 4.5 baths, 4,728 sqft, almost 3/4 acre lot
Remarkable Colonial in North Attleboro with 12 rooms, 5 bedrooms, 4.5 baths, 3 car garage, 4,728 sqft of living space not including the partially finished basement all situated on a .73 acre lot. The living room is very large with open floor plan, hardwood, fireplace, ceiling fans, stair case and balcony on second floor overlooking living room. The kitchen is beautiful with a breakfast bar, tile, granite, 2 sinks, dishwasher, wall oven, counter top gas range with stainless steel hood. Dining area has tile, crown molding and wainscoting. First floor also offers a bedroom like a master with walk in closet, full bath with granite and tile. Master suite on second floor with walk in closet, double vanity sinks, tile shower with multiple heads, siting room and master bedroom sunk down. Second floor has the balcony area with hardwood overlooking living room, office with hardwood and French doors, 3 good size bedrooms with wall to wall carpet. This home is perfect for any large family. Must see
ATTENTION INVESTORS or that first time home buyer that wants to earn some rental income while building equity!! This property was gone through top to bottom in 2008! Are you looking for a move in ready Multifamily? The home features 12 rooms and 2 bedrooms per unit, The rent is under market with a huge upside to increase your rental income. A commuters dream as it is located minutes to Route 95, the commuter train and 10 minutes to 495 & 295!
This property features 12 total rooms, 3 full baths, 5 bedrooms, 0.28 Acres, and is currently available for $339,900.
FOR MORE DETAILS AND SHOWINGS E-mail RobertAdams@MArealestateHELP.com or Call 508-250-0345
This property is in need of some work but well worth the effort. Lots of potential, huge lot, great location, good size. Big side and backyard for the kids, exterior is vinyl sided.
Come check out this great opportunity! This property features 11 total rooms, 3 full baths, 5 bedrooms, 0.60 Acres, and is currently available for $199,900 - 5br - 2625ft² - Multi-Family -- Attleboro, MA 02703 is now new to the market! (Attleboro, MA)
For complete details Call 508-250-0345 or Email RobertAdams@MArealestateHELP.com
I currently have a multi-family buyer looking in the Boston area for good cash flowing properties with a Max purchase price of $750k.
We are already pursuing properties listed on the MLS. If you have any properties not listed on the MLS please send me the information via my email RobertAdams@MArealestateHELP.com or fill out our seller's form here: http://www.marealestatehelp.com/selling-real-estate.html
Thank you in advance for your time! I look forward to hearing from you!
Well all the hard work is paying off. I now have my Massachusetts Real Estate Broker's License, I am a member of the National Association of Realtors, Greater Boston Real Estate Board, Greater Boston Association of Realtors, the Massachusetts MLS, and our website is up and running!
Marketing has begun and we look forward to doing good, honest real estate business with all the wonderful people of Massachusetts!
If there is anything we can assist you, your friends and/or family with please call or email anytime! I look forward to hearing from you and earning your business! Let me should you how hard I work for my clients!
I just wanted to thank everyone that replied to my request for recommendations. I truly appreciate you taking time out of your day to help support me! http:// http://lnkd.in/bNRJTd5
While I was in Waltham, MA attending the American Real Estate Academy I was invited to attend an investment group lead by Ann Bellamy from Black Diamond. It was a great way to break the ice in the Massachusetts market. I have to say I was very impressed with the turn out Tuesday night. There were a lot more people than I was expecting and I had several very positive conversations with some of the members. I actually ran out of business cards lol. One of the members is going to be in Las Vegas next week so I plan to meet with him again out there. Thank you very much for inviting me Ann. To all that have not attended a Black Diamond meet up, I highly recommend you take the time to do so. It is a great mix of both investors and professionals from all aspects of real estate including lenders, agents, appraisers, inspectors, and there was a guest speaker talking about adding solar panels to residential and commercial properties. There was brief introduction of its members at the beginning as well as an oppurtunity to share your current deals with the group. There were no pyramid schemes, sales pitches, or self proclaimed gurus trying to sell you a dvd and their latest book at the meeting. I look forward to being able to contribute to the group much more once I get things up and running in MA.
Thanks again for the warm introduction in the beginning of the meet up Ann Bellamy!
If anyone would like more details on the group or when/where they will meet next please shoot me an email I would be happy to share the details.
I plan to be very active at this group's meet ups as well as others in the New England area. I am a huge fan networking, so contact me and let's grow our network together! I look forward to hearing from you.
Since I have had my Nevada Real Estate Broker's License for over 10 years, the Massachusetts Board of Real Estate asked me to provide them with a Certificate of Good Standing. After I did, they sent me a waiver stating I did not need to attend the Real Estate Broker School in Massachusetts, yet simply pass the Real Estate Broker test and I would be able to obtain my Massachusetts Real Estate Broker's License. Although I thought this was great, I did not want to shortcut the education process as I am a firm believer in training and education. So I signed up for the Massachusetts Real Estate Broker class at the American Real Estate Academy in Waltham, MA.
After completing the course, I schedule the Broker test which I passed this last Friday. So I am officially a Massachusetts Real Estate Broker associated with Sankey Real Estate in North Attleboro, MA. I can now help you with any of your Real Estate needs in MA. The Adams Team at Rothwell Gornt Companies in Las Vegas is and will be still running at full speed so if you need to buy or sell in Las Vegas we can still assist you with that as well.
Thank you for your business and continued support.
We made several more steps to getting the site up this week.
-We purchased the Domain name MArealestateHELP.com
-We purchased the MArealestateHELP.com Logo
-All content has been edited for Massachusetts real estate
-Temporary Header pics have been uploaded
-We now have new business phone number setup and ready for us to go live. 508.250.0345
-The schooling, test, and bond have all been purchased and are scheduled for the end of this month
We will keep you posted on the progress. Thank you for your support.
Hello everyone! The ball is officially rolling with our east coast expansion. We are expanding our years of experience in the real estate market from our home city Las Vegas, NV to our home away from home Massachusetts. Once we get our website and marketing in place for Massachusetts we will also be expanding to Rhode Island.
Our first step is to get all Massachusetts licensing in place which should be completed by the first week in February as well as getting our website built and ready to go live.
Stay tuned for updates.