Blog :: 2009

Foreclosures in Burlington Vermont

[youtube]http://www.youtube.com/watch?v=SChp-3DzNtY[/youtube] Brian French of Century 21 Advantage blogs about short sales and foreclosures in Burlington Vermont. Oftentimes there is assistance whenhardshipsoccur. A couple of examples of resources to use are www.hud.gov and for people trying to get some guidance they can try www.makinghomeaffordable.gov as well. Nationwide there are a number of people going through this process and it is good to have resources that can assist you in the process. If you would like more information on short sale and foreclosures, drop Brian a line at brian@c21-advantage.com your real estate advantage.

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    Changing Colors in South Burlington Vermont

    Autumn in VermontIt's that time of year where the leaves are absolutely spectacular. The temperature has dropped and so have some of the leaves from the trees. We are getting ready for the inevitable. In fact, in the higher elevations we can see snow on the mountains. My daughter has a soccer game this afternoon and it is going to be very cold watching them run around. I think it is actually cold enough to break out my winter jacket. It may look funny because it is only October, but I don't care. It will keep me from shivering the whole time that I am there. This year has just flown by. My son who is a junior just took his PSATs yesterday. Wow how did that happen. College is only a couple of years away and we have started the information gathering part of the process. Yes the colors are changing in Vermont and so is the color of my hair. If you have any real estate needs, please drop me a line. I would love to hear from you. Brian

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      House Staging in Vermont

      If you have ever tried to sell your home without a house stager you know the difficulty that comes with it. In our area, more and more people are hiring professional house stagers to assist with the marketing of their home. It makes sense when you think about it. You get to get an objective opinion from a professional that will enhance the saleability of your home. It doesn't cost that much and most of the time pays for itself in reduced time on the market for your home. I have some great connections when it comes to this. Drop me a line and I can help in all areas of the real estate transaction. Brian

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        Bank with a view in Burlington, Vermont

        I just got back from a trip to the commercial department at the Chittenden Bank. It is located on the 5th floor of the building. As I got off the elevator and turned west I noticed the glass doors to their department. As I approached the doorway, I was able to see beyond the receptionist desk and the view that they enjoyed everyday. It was Lake Champlain against a clear bright blue sky with the Adirondacks in the background. A truly breathtaking view that I did not turn from until my appointment came to meet me. We are so lucky to live here and I hope I never take that for granted. Brian

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          Magazine rates Burlington, Vermont as the best city to raise a family!

          Children's Health Magazine has rated Burlington as the best city in the country to raise a family. It is no surprise to us who live here. In fact, that is one of the reason so many of us do. Recently, I was talking to an old high school classmate of mine who told me that he moved back to Vermont from Colorado because it was a great place to raise his kids. The magazine ranked 100 U.S. cities based on six categories: employment, health, housing, safety, education and family life. The data came from government and non-profit agencies. So what made Burlington stand out? The magazine said the city's education system, which hasa graduation rate much higher than the national average,and the lack of fast food chains played a big role. Burlington had the fewest fast food chains of any city in the rankings. Detroit came in last. Burlington was also selected by Business Week Magazine this year as the best city in Vermont to raise children. Source: WCAX News

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            Price Reductions in Burlington Vermont

            If you get Sunday's newspaper check out the real estate section and notice all the price reduction banners. Prices of homes are still being reduced and now is a great time to negotiate a good value for yourself. Things seem to be moving in a positive direction which means that the buyer's market may be a short-lived event, but for now it is still alive and well. Take the time to check things out with your favorite Realtor and see what kind of a buy you can get in this market. If you don't have a Realtor, drop me a line. I can help you out. Brian

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              House Hunting in Vermont

              Have you ever wondered what it would be like to have a huge variety of homes to choose from when it is time to go house shopping? And historically low interest rates? Well welcome to reality. If you are contemplating looking for a home, now is the time to do it. It still is a buyer's market and if you are in control. You might be thinking that you won't get as much for the sale of your home, and you are right. But, you are not going to have to pay as much for your new one. So it all even's out and with the interest rates this low, you win. Let me help you through the process, and have some fun doing it. Brian

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                Essex Jct Home for Sale In Vermont

                8 Woods End, Essex Junction, Vermont 8 Woods End, Essex Junction, VT

                video/Step inside this beautiful Vermont home in Essex Junction

                It is not often that you get a chance to purchase a home in such a desirable area in such great condition, at such a great price. But this could be your opportunity. This 3 bedroom 2.5 bath home is ideal for the growing family. Wonderful school system in a quiet neighborhood makes this home a unique opportunity. Enjoy the fenced in pool, or the large family room on the first floor. Cathedral ceiling in the living room and finished area in basement that used to be used as a dance studio. $319,000.

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                  North Willard Street Victorian For Sale in Burlington Vermont

                  North Willard Street, Burlington 83 North Willard Street, Burlington

                  video/Stepinside this exquisite North Willard Street Victorian

                  Recently listed a 7 bedroom victorian home on North Willard Street in Burlington, Vermont. It has been exquisitely renovated and boasts hardwood floors, fireplace and 4 bathrooms. Built in the late 1800's this home was originally built for Patrick McAuliffe of McAuliffe Office Supplies. At one point it was owned by UVM and housed female students. In 2004 it received Burlington's prestigious preservation award. This home is a must see and is within walking distance to the University, downtown and the medical center. This home is one of a kind and is a must see at $519,000.

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                    Labor-less Day in Burlington Vermont

                    Now that summer is officially over with yesterday being Labor Day, I hope everyone got to enjoy it to its fullest. It definately was a shorter summer with all the rain we had in June and July. Mother Nature was kind to us these past 4 days though with no rain even predicted. With that said, the real estate market is still chugging along and the interest rates are still great. Now is the time to make that move before winter takes its toll. We bought our annual ski passes this weekend thus confirming that it is inevitable and not that far away. But for now, we will enjoy the rest of the warmer weather and look forward to the changing colors that are in our near future. If you have a real estate need, drop me a line. Brian

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                      News from the Real Estate Guy in Burlington Vermont

                      Recently I attended a Realtor function where I was able to talk to a number of my peers about the current market. It appears that we are seeing a resurrection of sorts for deals being done. The attorneys that we work with said that most of their business is now purchases instead of refinances and all the Realtors that I spoke with seemed to be optimistic about the current condition of the market. It has picked up and with the rates still at incredibly favorable status, it really is a great time to buy. We are starting to see multiple offers on properties that are priced properly and we are seeing more inventory that is representative of the market conditions. If you would like to see how you can plan for your future in real estate, drop me a line or give me a call. Brian French

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                        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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                                      Short sale frustration in Vermont

                                      Recently,I have been working on a few short sales that have been extremely frustrating. A short sale is when the person selling a home owes more than what it is currently worth and the bank is willing to sell the property without them recouping the full amount owed. It is a long and difficult process that sometimes does not work out and the bank ends up foreclosing on the property. Normally, you would think that the banks would rather lose some money than gamble on reselling it once they have gone to the expense of foreclosure but that is certainly not the case. Like I said,I have been working on a number of these cases and have tried to get a couple of banks to respond to offers that have been presented on these properties. In one case,I have had 6 offers for over 3 months and the bank still has not responded to these offers. It is costing them, the consumer, and the tax payer lots of money each and every day that goes by without a closing taking place. In one instance, the United States Government bailed this bank out which is even more frustrating to me, because it is our tax money they are gambling with. A few weeks ago, I wrote our representatives in Washington, only because I don't know what else to do to speed up this process. It is agravating to say the least. In other parts of the country this process is happening much quicker, i Just wonder why it can't be the same in Vermont. What do you think? Brian

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