Blog :: 08-2009

Taxes rising in Vermont

I don't know if you have the same problem I do, but my taxes continue to rise during a time when property values are not. How can the assessors justify tax increases when values have decreased by at least 10%? It is time to reduce our city budgets and fat from our ledgers. If we continue on this path, it will make it impossible for retirees to continue to hold onto their homes. For all intensive purposes we are forcing our elderly to exodus our state because they can't afford the cost of living. We must speak up and do it now.

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    51 days and counting to buy real estate in Vermont

    Ok, so nowI have your attention. What I am referring to, is for first-time buyers to put a home under deposit and take advantage of the government's $8,000 tax credit. If you don't put something under deposit within that time period, you may not have time to get the property financed and closed by December 1st. If you don't close by that date the offer expires and you have lost out on a wonderful opportunity. So, therefore, the clock is ticking and decisions need to be made. If you need help, just drop me a line. Brian

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      First-Time Home Buyer $8,000 tax credit in Burlington, Vt

      If you are a first-time home buyer, now is the time to get pre-approved and contact yours truly to find you a home. For only a short time left if you close on your first home by December 1st the government will give you an $8,000 tax credit when you file your taxes the next year. This is really a deal that seems to good to be true, but more importantly it is to good to pass up. I have been selling real estate for the last 25 years and this is the first time that I have ever seen anyone offer free money for purchasing a home. Tha't s right it is free and you should all be taking advantage of it. Especially since the interest rates are so low. But remember the clock is ticking and before you know it, this special offering will be over and my only hope is that you can say that you saw it here first and took advantage of it. Drop me a line today. I can help.

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        CENTURY 21 Advantage Top Sales Associates in July

        Jim Ross and Linda Murphy Realtors

        Jim Ross & Linda Murphy, Realtors

        Kelly Farr, Realtor

        Kelly Farr, Realtor

        Jim Ross, Linda Murphy, and Kelly, Sales Associates with CENTURY 21 Advantage in South Burlington, were named the offices top sales associate in the month of July.

        We are pleased to recognizeJim, Linda and Kelly with this honor. Their competitive intelligence, professionalism and dedication to homebuyers and sellers have made them a valued and trusted real estate resource for the Greater Burlington community and a major contributor to the overall success of our office.

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          Short Sale Difficulties in Vermont

          Recently we have been dealing with a number of short sales in our area which have been draining to say the least. A short sale is when the seller of a property is selling their home for less than what they owe to the bank. The bank has to approve such a transaction and therein lies the problem. In numerous cases, it takes months for the bank to assign the slowly defaulting loan a negotiator who has authority to negotiate a sale with a new prospective buyer. Due to the large volume of loans, these companies are handling, the mortgage companies and banks are just over-whelmed and under staffed to handle the workload. I have seen people make an offer on a property and have to wait four months only to have the bank foreclose on the property and buy it themselves. There seems to be something fundamentally wrong with the system, and because of that, I suggest you have a plan B if you are trying to buy a short sale property. Brian

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            Summertime deals in Burlington, Vermont

            If you haven't pulled the trigger on purchasing your first home and take advantage of the $8,000 tax credit, the clock is ticking. Unless they extend the deadline, which I don't think they will, you have until December 1st to close on your first home in order to be able to take advantage of this golden opportunity. There are not too many times in your life that you are presented an opportunity like this one, so that is why it is important to get out there now and get going. Call your local mortgage professional first and then drop me a line. We can make your dreams come true. Brian

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              Sizzling Summer Real Estate Specials in Burlington Vermont

              Finally mother nature is finally showing signs of warm weather and summer like conditions. Along with that the real estate market has warmed up these past two months as well. There has a been a lot more activity and if it continues through the fall, this winter will be a lot easier to handle than last winter. The interest rates are still fantastic after an initial bump up into the 6% range, but they have slowly made their way down to around the 5.5% range just recently. There are a lot of motivated sellers out there and prices have made their way down to reasonable figures. If you are thinking about buying, now is the time before interest rates bump back up. Call me or drop me a line, and I can help. Brian. 800-445-6298 ext 34.

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