New Listing in Ludlow Vermont
ZONED RESIDENTIAL AND COMMERCIAL –
Front of Building
Wonderful renovated Office building on Main Street Ludlow. Was Doctors office, now just waiting for your ideas. First floor has reception area, plus 4 offices, upstairs 1 cute and comfy office. This property was updated 7 years ago and has many uses – plenty of off street parking – walk outside and see Okemo Mountain. This was once a single family home and is zoned res/comm. Don’t miss this opportunity! Just think about it – work and play at Okemo!
Ludlow VT Real Estate Short Sale Tips
In the current Ludlow VT real estate market, there has been a lot of buzz around “short sales.” What is a short sale, exactly? A short sale is when a lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of a property by a financially distressed owner – in essence, the lender forgives the outstanding balance of the loan.
There are pro’s and con’s to short sales on both sides of the deal. For the seller, credit history is seriously damaged, but not as badly as it would be by foreclosure. Sellers also walk away with no profit, which makes it difficult to purchase another home. For the buyer, the property comes at a reduced price, but it also generally comes with its fair share of problems, and there is a considerable amount of “red tape” to get through to complete the purchase.
The short sale buying process can be a confusing one, especially for a first-time short sale buyer. Check out this helpful article from BankRate.com and see 10 Steps for Short Sale Buying below:
- Identify potential short sales
- View the property
- Do your research
- Find all liens and mortgages
- Figure out the financing
- Contact the lender
- Complete the lender’s short sale application
- Assemble the proposal
- Negotiate
- Close the deal
To learn more about investing in Ludlow VT real estate, please visit ISellVermontRealEstate.com. For more personalized service, please call me today at 800-659-1819 #103.
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Ludlow VT Real Estate: Wall To Wall Or Buy It All?
One of the most fundamental questions when considering purchasing Ludlow VT real estate is whether to purchase a single family home or a condo. Although there are many factors to consider, the answer really lies in the buyer’s preference and lifestyle.
condo
A condo might be a good fit for those in search of a more urban, low-maintenance lifestyle. Condos typically resemble apartments with several units in the same building or complex sharing amenities (although they can also be duplexes, free-standing buildings, etc.). Although there are monthly maintenance fees involved with condo ownership, that also means, owners are not responsible for any maintenance outside their own four walls. Because condos are a shared community, ownership is often limited to a specific space.
For many home-buyers, single-family homes offer more privacy and control. When purchasing a single-family home, the buyer owns the entire building as well as the land on which it sits. Likewise, this means the maintenance of the structure and the land is the owner’s sole responsibility.
If you would like to learn more about owning Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. Request a complimentary relocation package!
New Listing – Come Home to Okemo Mountain Vermont!
Move-in condition ranch style home sporting 3 bedrooms, 2 full baths, formal dining room, updated eat-in kitchen, full basement. All the rooms are large and airy. The living room has a corner fireplace for those cold Vermont nights. The kitchen has one of 2 double doors. There is an attached 2 car garage with heat – plus another detached 2 car garage with separate driveway, electric and bathroom – How about a guest cottage?.
The manicured front and back yard make you feel as though you were in your own private world, but you can walk to the stores, bakery and post office.
Proctorsville (part of the town of Cavendish) is only about 3 miles from Okemo Mountain in Ludlow. The Okemo shuttle bus will be happy to pick you up as it travels back and forth to the mountain.
This is truly a home worth seeing!
Offered for: $349,900.00
Ludlow VT Real Estate: How to Tell When A Price Is Too Good To Be True
If you are currently looking to buy Ludlow VT real estate, you probably have a good idea of the general range you can expect to spend on a home. So you might be surprised when a great-looking home shows up on the MLS with what seems like a shockingly low price tag attached. The extra-low price seems too good to be true and – most of the time – it is.
In many cases, the price you are seeing does not represent the actual asking price of the property. Rather, it is likely a property that is in “pre-foreclosure” and the amount listed actually represents the balance of the defaulted loan, or the amount the current owner is in arrears. Below is an excerpt from an article I found at Inman News that does a great job explaining how these properties end up on MLS search engines, and what you can do to spot them:
Ludlow VT Real Estate: Home Sweet Second Home
Summer has turned many people’s thoughts to second homes and Ludlow VT vacation homes. Unfortunately, though, encouraging statistics about the Ludlow VT vacation home market have been muffled under some of the negative news about the current economy and housing market.
According to the National Association of Realtors’ 2007 Investment and Vacation Home Buyers Survey, second-home sales accounted for one-third of all existing and new-home sales in 2007. A large portion of those purchases were vacation homes. So – why do families buy these “homes away from home?” The survey found that several factors go into the decision to buy a second home. Eighty-four percent of buyers wanted to use the home as a family retreat; thirty percent planned to use the home as a future primary residence; twenty-six percent want to diversify investments, and 25 percent plan to rent the home out to other families.
If you are ready to learn more about purchasing a Ludlow VT vacation home, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. Contact me for a complimentary e-book!
Ludlow VT Real Estate Tip: What Is Universal Design?
You may have heard buzz around the term “universal design” in recent years, but do you know what it is or how it affects the Ludlow VT real estate and construction markets?
According to Lowes.com, universal design is the creation of products and environments meant to be usable by all people, to the greatest extent possible, without the need for adaptation or specialization. The intent is to simplify life for everyone by making products, communications and the built environment more usable by as many people as possible at little or no extra cost. Universal Design benefits people of all ages and abilities.
Think this is some “far out” theory just now working its way into the “modern” world? Think again: if you’ve ever walked through an automatic door, you’ve experienced a version of Universal Design. Likewise, a ramp or curb cut is just as welcome to someone with a baby stroller as it is to someone in a wheelchair.
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Celebrating Independence Day in Ludlow VT
Happy 4th of July, Ludlow! Although this weekend is a time for fireworks and enjoying time with friends and family, it is also a time to remember what makes our country so great – our freedom. So as you gather with friends and neighbors on Friday, take a moment to thank our military—living and dead, at home and abroad—for the sacrifices they have made for us. Because, as we all know, freedom isn’t free!
Be sure to check out the events and activities happening this holiday weekend in Ludlow!
We’ll return to discussing Ludlow VT real estate next week; however, if you would like more information about Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com.
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!”
Inman 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!
Ludlow VT Real Estate: Is The Price Right?
What do you think is the single most important factor that determines why one property sells more quickly than another?
In the real estate world, we always hear “Location, Location, Location,” but according to a recent poll conducted by the National Association of Realtors, almost 2/3 of the respondents said price was the key factor.
The same results held true for sellers. “Getting the price right” was and is one of the most frequently cited challenges for sellers who are not represented by a Realtor®.
Other factors that were included in the poll were – no surprise here – location as well as condition of the property, staging, and upgrades.
If you are interested in learning about Ludlow VT real estate prices, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching the MLS!