1st-Time Buyer

Ludlow VT Real Estate: American Dream Alive And Well

The so-called “American Dream” has, in the past, been an ideal goal for people which almost always included owning real estate.  Due to the recent slowing of the real estate market, however, home ownership is often seen as more of a nightmare than a dream.   But it doesn’t have to be that way!  Even in a slower economy, purchasing Ludlow VT real estate can still be a step toward achieving your own “American Dream!” 


houseInman News reminds us some of the benefits and advantages that being a home owner will always offer:

  •  •  The opportunity to build equity and create wealth over time.

  •  •  Protection from rent increases or eviction at the whim of a landlord.

  •  •  The pleasures of a relatively larger home, suitable for a family, and with a backyard, garage or other auxiliary space.

•  The freedom — design review boards notwithstanding — to improve, remodel or redecorate to suit one’s own style and budget.

•  A variety of lucrative income-tax breaks.

•  Pride of ownership and a greater sense of security and stability. 

If you are considering purchasing Ludlow VT real estate, now is the time!  Don’t let the negative media attention on the market get you down – home ownership is still a realistic and attainable goal for most Americans.


If you are ready to begin looking at Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com.  You may also request automated emails of new listings!

Risks Of Home Ownership

It is often said the American Dream is owning your own home. But, is it right for you? There are risks involved and understanding these will help you make a good decision for you and your family.

1. Increase in monthly housing expenses. Taxes and insurance costs related to your home are sure to increase overtime, but usually these increases are off set by tax advantages and a pride of ownership.

2. You are your own landlord. No more calling the landlord when something breaks down. Maintenance and upkeep are yours. but, youo can also decorate anyway you want!

3. You must sell to move. No picking up and moving with a 30 day notice. You must plan ahead and give enough lead time to get your home sold before relocating. However, you benefit from the equity buildup since you first purchased your home.

4. Property values can go down. Over the long term real estate appreciates, but markets are cyclical and in the short term there is a possibility for your home’s value to go down. Take into consideration how long you will live in the home prior to deciding to buy a home.

If you would like to discuss if buying a home is the right decision for you, contact me. I’m glad to help. Also, visit my website to search all Vermont real estate listings.

Tags: ,

First Time Buyers are Picky, Picky, Picky!

Wells Fargo Home Mortgage has just revealed a study of first-time home buyers and just what they are willing or not willing to compromise on when buying a home.

Both buyers and sellers may want to take note of the findings:

40% are unwilling to buy a home smaller than the’d like.

40% are unwilling to buy a home needing significant improvements.

46% will not buy further from work than they would like.

70% will not move to a less desirable neighborhood.

97% of first-time home buyers would never go back to renting.

77% believe buying their home is the best investment they ever made.

Nearly 75% of first-time buyers believe that the value of their home will go up in 2006.

78% of renters believe that it is generally true that people cannot obtain mortgages without perfect credit, and 52% of renters believe that they personally can’t get a mortgage because of credit issues. But 46% of the first-time buyers surveyed didn’t believe their credit was “excellent” or even “very good.”

56% of renters believe that a downpayment of 15 percent or more is required when buying a home, and 55% believe that size of a downpayment is a personal barrier for them. But 74%reported they put less than 15 percent down.

I believe “picky” is a good thing. Buying a home is the largest investment most of us make and it needs to be right for you. Contact me, or visit my website, if you are thinking about buying a home near Okemo Mountain in Vermont. I am glad to work with “picky” buyers!