A Challenge Out There...Moms Grab Your Hammers!

Hello Moms!

Thanks for coming back and getting another dose of fun and informative realty reality. Most real estate agents cover only a specific area so they get stuck in just the info for that area. I like to shake things up a bit so I did a seach today for ALL single family homes in Massaschusetts that are FOR SALE and found some interesting information:

-There are 28,521 for sale.
-429 were listed in the last 3 days.

Ooops! Just to show you how crazy the market is, this morning I started writing this blog, went to a long meeting and went back to check the stats a few hours later and now the numbers are:

30,361 for sale!!! WOW! THAT IS NUTS! This is only in Massachusetts which again proves that it is a FABULOUS time for buyers!

Ok, so with these new results can you guess what the lowest priced home in Massachusetts is this week? (drum roll)


166 Brombach St, Pittsfield, MA
6 room, 2 bed, 1 bath Ranch
$35,000 (isn't that the price of a car???)
Approx. Living Area: 1294 sq. ft.
Approx. Acres: 0.19 (8276 sq. ft.)
Heat Zones: Forced Air, Gas
Parking Spaces: 2 Off-Street
Needs a lot of TLC.

For explore more fun properties like this go to http://www.brickhouserealty.com/ and sign up to view properties. Don't worry we won't sell or give your info to anyone not even to our own moms!

Have a fantastic week!
Mariaaaaaaaaaaaaaaaaaaaaa
:)

A Visit From Our Mortgage Momma and Friend, Mona!

Every once in a while I will invite trusted friends and colleagues to guest blog. Their wisdom helps all of us lead better lives. Our very first guest is the wonderful Mona Wong who is the mom of two of the cutest twins you've ever seen! (just had to throw that in ;) My clients who work with her have overwhelming loved the experience. Today she has honored us with a bite of financial wisdom. Remember to chew on it!

Big hugs,
Mariaaaaaaaaaa
:)

Gone are the days of 0% down, you see the price of homes falling but can’t put down 20%, 10% or even 5%, BUT you CAN ask to get prequalified for an FHA loan and put down just 3%. FHA loans were popular and a savior back in the days before there were home equity lines or loans and then of course the 0% down days, these are government sponsored loans. They allow buyers to put down just 3%, a reduced PMI payment, and prime rates! (You get the same rate as Joe Schmoe who is putting down 20%!!!) Or perhaps you don’t have the best credit...with a conventional loan you may be subject to very high rates, if you can qualify for one at all, however you MAY qualify for an FHA loan. FHA loans have a rep for being difficult, however they have been made much easier now and friendlier for the borrowers. There is no income limit, however your loan amount is limited depending on the county you are purchasing in, please check out what they are for the counties you are looking in. If you need help getting prequalified feel free to give me a call.

Mortgage Mama Mona
:)


Mona SooHoo Wong
Mortgage Consultant
c) 617-818-7430
f) 781-547-4921