Monthly Archives: August, 2009

How To Live In Small Spaces

Finding ways to deal with small spaces in your new South Central Vermont home can be tricky. Everyone likes the place they call home to be somewhere they can kick back and relax. However, it is hard to relax in areas that are cluttered and uncomfortable. Strategic interior design can make a big difference when dealing with small living spaces. Colors, lighting, organization, and décor can make spaces appear smaller or larger. Here are some solutions to make your South Central Vermont home look and feel cozier. 

people in houseOrganization is the first thing to be conquered when transforming a small living space. Getting rid of clutter and maximizing the use of storage space are the keys to success. Clutter will make any space appear smaller than it really is. Eliminating excessive knick-knacks is one way to reduce clutter. Multiple pieces of small, scattered furniture can also make a room look jumbled. Using a couple pieces of slightly larger furniture leads to a less cluttered look. Every inch of storage space should be taken advantage of in small living areas. Planning out storage space will allow for more walking room, functional closets, and more productive space. Use multipurpose furniture like ottomans, which can be used for storage and seating. Try installing an organizational system in the closets. These systems usually provide a perfect spot for everything. 

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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 http://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 http://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.

South Central Vermont Real Estate Sales Statistics – July 2009

A second quarter report of existing-home sales showed healthy gains from the first quarter, and price declines have increased affordability, according to the latest survey by the National Association of Realtors®.

Lawrence Yun, NAR chief economist, said the sales gain appears to be sustainable.  “With low interest rates, lower home prices and a first-time buyer tax credit, we’ve been seeing healthy increases in home sales, which are a hopeful sign for the economy,” he said.

What is happening in our local South Central Vermont real estate market? Let’s take a look at statistics for the past six months for Rutland County, Windham County and Windsor County.

South Central Vermont Real Estate Sales Statistics

July 2009
Homes For Sale:  3289  (+12.6 percent)
Homes Sold:  134 (+143.6 percent) 
Pending Sales:  126 (+85.3)
Average Sales Price:  $214,000 (+30 percent)
Average Sq Ft Price:  $126.2 (+24 percent)
Median Price:  $180,000 (+35 percent)
Days On Market:  167 (-18 percent)

February 2009
Homes For Sale:  2922
Homes Sold:  55
Pending Sales:  68
Average Sales Price:  $165,000
Average Sq Ft Price:  $101.6
Median Price:  $135,000
Days On Market:  142

july graph

With South Central Vermont real estate sales following the national upward trend, now is the time to buy.  As you can see, an increase sales is followed by an increase in prices. Buy now for the best possible deal on South Central Vermont real estate.

Search all South Central Vermont real estate and homes for sale.

Are Lower South Central Vermont Real Estate Prices Worth The Wait?

Buyer’s often find themselves watching a property for a price reduction. Although getting the best deal possible when purchasing South Central Vermont real estate is important, it is not the only factor that determines monthly payments on a home. Rising interest rates nearly diminish the positive aspects of waiting for prices to drop. 

calculatorMost people are familiar with the basic trends in real estate that have been affected by the United States economic crisis. The listing prices of homes have been steadily declining over the past couple years. This has put people looking to purchase South Central Vermont real estate at an advantage over those trying to sell. People have best described this as a buyer’s market due to the low property prices and reasonable interest rates. However, the decline in prices is stabilizing while interest rates are beginning to inch up. It is becoming more and more popular for investors to make offers on properties, sometimes sweeping the property away from home buyers. Could buyers begin loosing their advantage? Today, properties that are correctly listed at a reasonable asking price are not being reevaluated and reduced as often. These are some of the factors that prove lower South Central Vermont real estate prices are not always worth the wait. 

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REDUCED! Bomoseen Area Investment.

Investors take note!  3 separate buildings on 1 parcel, plus possibilty of building another building.  2 story single family, singlewide mobile home, storefront with efficency.  All apts are rented.  Storefront can be another apt. or business.  Excellent numbers! 2 barns on property – At This Price, it will not last!  $129,000.

View the Falls!

Chester. 14.69 acres with camp on site.   Fish in your own Brook; electric and existing septic for 2 bedrooms.  Walk to VAST Trail. Views of Wymans Falls Road and possible views with clearing!   Private, yet close to town.  $139,900.

Avoiding Buyer’s Remorse When Purchasing South Central VT Real Estate

remorseAccording to Realestate.com, buyer’s remorse is one of the top ten mistakes made when purchasing a home. Finding the perfect home and making the decision to buy a home are not easy tasks. First, you spend hours on the computer researching South Central VT real estate and neighborhoods, perfecting your search criteria on MLS websites, and viewing many virtual tours.  Then, you begin making appointments to go take a look at the ones you think stand a good chance at being the future home of your family. 

As you walk through the house you envision the happy life you and your family would live and the future décor for this room and that room. You see houses that “require too much work,” “don’t have enough storage,” ones that are “too small” or maybe even one that is “do-able but not perfect.” Finally after weeks or even months of searching, you find “THE house.” Now you send in a promising offer and anxiously wait for feedback. You and seller come to an agreement and the offer is accepted. Once the papers are signed you can relax and enjoy the excitement, right?

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