Bobby’s Blog

Blogging, it’s easy, who said?

Sun, 6 Jun 2010 06:43:53 -0400

Everywhere you go people are talking about blogs. They read them, they write them, they were quoted in them or they were blogged about. It isn’t easy to keep up a blog. I have tried, but what is it that people want to read about? Certainly you aren’t interested in what I had for dinner or where I am headed next!

The real estate market tends to interest everyone. So, what is happening out there. Well, believe it or not, there are homes selling. People move locations for jobs, they create new families, they have to make room for elderly parents to join them in their homes. What is your story?

Laura are working with buyers who have lots of reasons for their pending move. We work with them to make it happen. We can do the same for you. Tell us your needs, wants and desires. That combined with your ability (the DNA of a buyer Desire, Need and Ability) will assist us in making your dream come true.

Amazing Mortgage Rates?

Sun, 7 Dec 2008 09:15:07 -0500

We keep hearing on the news that mortgage rates are going to come down to 4.5%. Wouldn’t that be nice!

If you dig deeper you will see that this number came from an MSNBC story earlier this week stating a total of $50 Billion could be going to this mortgage program. That would be perhaps 200,000 loans for the entire country. This sounds impressive, until you realize that Fannie Mae is projecting a total of $1,595 Billion in new loans for 2009. This proposal would be just about 3% of new mortgages.

Who knows what will happen. For the time being, interest rates for conventional mortgages are quite attractive. Let us know if we can help.

Today’s Boston Globe says:

Sun, 2 Nov 2008 16:43:01 -0500

I find that the MBA in me leads me prove all the numbers that are quoted in the paper. Today the Boston Globe headlined the HOMES section “Marked down to move.”

It said that 35% of homes in Wellesley have been marked down before they sold. Believe it or not, they are right. But that does not mean that prices have come down 35%!

Of sales through the Multiple Listing Service 35.8% of the closed sales in the past 6 months had price reductions. An average of 7% off the original list price. Not a huge discount. It should also be noted that 3 homes sold having raised their list price (all new construction). These same homes then sold, at a 4%, on average, discount from the new list price.

The total discount off the original list price was about 10.5%. That is not a huge number considering everything we are hearing.

This is not a good time to “test the waters.” But if you are ready to sell your house, Laura and I are here to help you price your home right, right off the bat.

Don’t forget to vote. There are important issues to consider, make your voice heard, VOTE.

Is there money out there to be had?

Tue, 28 Oct 2008 22:38:44 -0400

The answer is yes! That is the good news. We are told that the mortgage companies are being a bit more selective, as they should be. So when you are ready, venture into your local bank or call us for names of local lenders who are ready to work with our clients.

What is going on out there?

Mon, 29 Sep 2008 08:06:50 -0400

I am no economist and I can’t even begin to speak about this Wall Street and Main Street mess. But what I can tell you is that if you don’t have a NEED to sell right now, it is probably not a bad time to be staying put. But if you have an interest in buying, now COULD be the time. Economic uncertainty could be advantageous to you.

If you are staying put for now, it might be the time to think about those projects. Get rid of that wall paper that is starting to peel and you never liked anyway. Fix the leaky faucet and replace those lights that don’t work. Begin weeding out all the clutter. You will be surprised at how much more comfortable your home will feel. If you want pointers as to what will make your home more salable, just ask. If you have questions, we are just around the corner, and we would be glad to come over and chat.