buying

In the Heart of Vermont Ski Country!

Located between Killington and Okemo. 4 bedrooms, 4 baths, updated kitchen, 1 car garage – gas fireplaces in 3 of the bedrooms.  This would make an ideal ski house or very small Guest House. This was originally a carriage house, but rebuilt in 1990 – this is not a drive-by – Priced to sell at $229,900.

Log Home in Shrewsbury!

What more could you want?  All it needs is you and your creative flair. Some of the special features of this 3 bedroom, 2 bath Log home set on 7.8 acres are: 2 car detached garage, end of the road location partially finished basement, wood burning stove, and  mountain view. The style you love at a price you can afford. Great value $228,275. #4025912

On the Okemo Shuttle Bus Route!

Main PictureDon’t rent for the season until you see this:   Ground Floor – 1 Bedroom condo on the Okemo Shuttle Bus Route. Minutes from Okemo – Gas Fireplace, washer/dryer in unit, A/C and heat. Granite counters, tiled and wood floors, Whirlpool bath.  Indoor pool, hot tub and exercise room. Priced below town assesment.:  $99,900.00.

No Surprises. Just Good Business.

The Below was printed with Permission from Lisa Cruser Loan Officer WJ Bradley Mortgage Capital Corp:

A home is probably the biggest purchase you’ll ever make in your lifetime. It’s critical that you understand your home financing and the costs associated with your mortgage.

The mortgage industry is continually trying to make home financing easier to understand. An informed homeowner is a smart and satisfied homeowner. As part of the effort to keep the process transparent, the Mortgage Disclosure Improvement Act (MDIA) requires notification of changes to your loan and also regulates when in the process certain fees may be charged.

Beginning July 30, 2009, WJB will have a team dedicated solely to processing the new disclosures required by the MDIA to ensure you receive the documents that must be signed in order for your loan to close on time. It is extremely important that you sign and return documents immediately so that there is no impact on your closing date.

While the new regulations mean that closing in just a few days is no longer possible, most home loans usually take 30 to 60 days to close, so you really shouldn’t be affected by the changes. Plus, the disclosure requirements mean that you are guaranteed time to review your loan documents and make sure you are comfortable with the loan provisions and any changes.

Locking in your loan rate is especially important now, however, so that the disclosure cycle can begin. Also, any last-minute changes to your terms or loan amount will start the cycle over again, delaying closing. Refer to the back of this flyer for sample timelines to better understand how the new regulations affect your closing.

Buying or refinancing a home can be complicated, but it doesn’t have to be confusing. If you have any questions, contact me. WJB believes that the best customer is an informed customer.

Contact me today with any questions about the new MDIA requirements and how they may impact your home financing.

Lisa Cruser

Loan Officer WJ Bradley Mortgage Capital Corp. 1795 Williston Road  Suite 330 South Burlington, VT 05403 Office: 802-318-4566 Cell: 802-388-6468 Fax: 802-304-9185 lisa.cruser@wjbradley.com www.lisacruser.com

W.J. Bradley Mortgage Capital Corp.

Equal Housing Lender. © 2009 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved.  Some products may not be available in all states.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Financial Lenders Law, CFL-6036822; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/ real-estate/index.htm; CT Correspondent Lender License No. FMCL 21047; Delaware Lender License No. 010467; Florida Mortgage Lender license #ML.100000098; Georgia Residential Mortgage Licensee, License No. 20233; ID Mortgage Broker License No. MBL-2803; Kansas Mortgage Company license # MC.0025020; MI First Mortgage License No. FL0011392; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Supervised Lender License No. SL007245; OR Mortgage Lender License No. ML-776; TN Mortgage Company Registration Certificate No. 3629; TX Mortgage Banker Reg. No. 74182 with locations in Texas at 2100 W. Loop South, Suite 927, Houston, TX 77027 and 1912 Central, Suite L, Bedford, TX 76021; UT Mortgage Lender Company License No. 5495659-MLCO; VT Lenders License # 6141; WA Consumer Loan License No. 520-CL-42624; Wisconsin Mortgage Banker License No. 699991.

Reasons To Buy An Okemo Mountain Home In 2009

question-markOne man’s loss is another man’s gain and right now buyer’s have everything to gain. It was only a few short years ago that sellers controlled the market and were calling the shots. In order to buy a home, buyers were paying over the asking price, foregoing home inspections and paying all their own closing costs. Okemo Mountain home buyers were jumping through any and all hoops. 

Now the market has shifted. The strong sellers’ market is a thing of the past and it is the sellers who are jumping through hoops. Buyers are calling the shots with offers that include home inspections; requests that closing costs, homeowner association fees and inspection fees be paid by the seller; decorating allowances; home improvement; and prices far below the asking price. 

So why are Okemo Mountain home buyers hesitating? Fear of a tanking economy, falling home prices and job instability are concerns for many potential home buyers. But if you are financially stable and plan to stay in a home for at least five years, there are 5 top reasons to buy an Okemo Mountain home in 2009: 

1. Homes are affordable.

According to the National Association of Realtors‘ housing affordability index, homes were more affordable in December than at any other point since the group started the index in 1970. The affordability index is a measure of the relationship between home prices, mortgage interest rates and family income.

A recent report from Moody’s Economy.com predicted that house prices will stabilize by the end of this year. The Office of Federal Housing Enterprise Oversight’s Web site has a house price calculator that can help. Visit the calculator. 

2. There are lots of homes to choose from.

The slow down in the housing market has caused homes to stay on the market longer, creating a huge inventory. There was a 9.6-month supply of unsold existing homes in January given that month’s sales pace, according to NAR. 

A large inventory gives buyers more selection, driving down prices. As buyers start to jump back into the market, the inventory will shrink and cause prices to start going back up. The time to get the best deal is before most buyers buy. 

3. Builders are offering perks.

New home builders are offering price reductions, free upgrades and other perks such as free appliances, homeowners’ fees being paid, lower interest rates decorating allowances. Once their inventory shrinks, these perks will go away. 

4. Interest rates are at historical lows.
Lenders are not lending as freely, but if you have good credit and the needed down payment, mortgage interest rates are historically low and hovering around 5 percent. 

5. There is an $8000 tax credit

If you are a first-time Okemo Mountain home buyer, you will qualify for an $8000 federal tax credit if you buy before December 1, 2009. Unlike the previous tax credit offered in 2008, this does not have to be repaid. Extra money comes in handy when buying a home. 

Trying to decide if buying an Okemo Mountain home in 2009 is right for you? Give me a call. I’m glad to review your situation with you.

Search all Okemo Mountain homes for sale.

Ludlow VT Home Buying Mistakes; How To Avoid Them.

No matter what the condition of the housing market, purchasing a Ludlow VT home is a major commitment and a vital financial decision. A home is much more than a financial investment; it is an investment in a new lifestyle and a new way of looking at property. Those who are unprepared to make the leap from renting to home ownership can make some costly mistakes, and learning to avoid those blunders is vital.

Think With Your Head Not Your Heart
One of the most common mistakes made by first time home buyers is allowing emotion to rule the day. Although buying a home can be an emotional process, there are some things home buyers can do to prevent emotional ties from getting in the way of sound financial discipline. 

While it is all too easy to picture your family relaxing in the backyard of a new home, take a step back and look at the home with the eyes of an investor. Pretend for a moment that you are not going to live in the house but are buying it as a pure investment. Is it still just as attractive, or has it lost some of its appeal? Emotional attachment is fine, but it should not overrule your good judgment.

Consider All the Costs of Home Ownership  
Buying more house than they can afford is a classic blunder for many first time homeowners. One of the chief culprits behind this error is factoring in only the cost of the mortgage versus the cost of continuing to rent. While it is certainly appealing to go from collecting rent receipts to building up home equity, keep in mind that the costs of owning a home do not end with the monthly mortgage check.

Don’t Try to Time the Market
Market timing doesn’t work in the stock market, and it doesn’t work in the home market either. Although it can be tempting to try to wait for the market to hit rock bottom, you may be left out in the cold when the market starts to turn around. Many professionals, including home builders, lenders and real estate investors, have a great deal of difficulty timing the market, even with all their specialized knowledge and experience.

While some Ludlow VT home buyers will be lucky enough to sell their existing homes at the top of the market and buy their next one when the market craters, most of us will not be so lucky. There are bargains to be found in every real estate market; the key is to arm yourself with as much information as possible and shop smart. 

Learn more about the Ludlow VT housing market by visiting ISellVermontRealEstate.com or giving us a call 800-659-1819 #103. 

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5 Powerful Buying Strategies

5 Powerful Buying Strategies

A post on Hampton Roads Real Estate Blog by Realtor and friend, Dave Macklin in Virginia Beach, Virginia gives 5 Powerful Buying Strategies for today’s buyers. These strategies include:

1. Don’t Get “Pre-Qualified!” Get “Pre-Approved”

2. Sell First, Then Buy

3. Play the Game of Nines

4. Don’t Be Pushed Into Any House

5. Stop Calling Ads!

Read this important post and put yourself in the best possible position to buy a home. Then contact me, or visit my website, so I can represent your best interests when buying your Okemo Mountain home. I will take care of you just like family.

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