Buyer Info

Fairway Mortgage Releases Mortgage Program to Give Buyers an Edge

Ask any active home buyer what today's north-of-Boston real estate market is like and I guarantee you will hear some tales of woe; open houses akin to Grand Central Station, bidding wars and rejected offers (depsite the most romantic real estate love letter). It looks like Fairway Mortgage has created something new to give you a leg up. Check out Fairway's 3-2-1 Go Program; it might give you the green light you've been waiting for.

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Writing an Offer (Love) Letter That Will Win the House

  Shopping for a home in this tight real estate market with low inventory can be oh so unromantic. Multiple offers and bidding wars on most listings are a source of frustration and disappointment among ready, willing and able buyers due to simple low supply and high demand. What can you do to get your foot in the door? First: commit to a real estate professional who is committed to you, someone you trust. There are at least 10 ways to get your offer accepted in a seller's market and a seasoned real estate advisor knows how to put this into action. Then: take your agent's advice, put your creative writing cap on and profess your love. Real estate love letters work! Here are some tips on how to write an offer (love) letter that will win the house. There are no guarantees but our goal is to give you the best possible shot at your forever home.

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Thinking About Buying or Selling Real Estate - You Need to Read This.

Thinking about buying or selling? Either way, unless your next step is renting, you will want to read this...

Mortgage rates are at their highest levels in 4+ years and there's potential for further increases this year. The National Association of REALTORS® shared a relatable example of what this could mean for the average mortagee: On a $300,000 house with a 30-year fixed-rate mortgage and 20 percent down payment, the difference between a 4 percent and 5 percent mortgage rate is $142 a month. Calculated over the life of the loan, that is more than an extra $51,000. Read the full article here.

Looking for direction? Reach out to us any time 978-356-8922 info@WindhillRealty.com. Our team is prepared to answer any questions you 

How to Get Your Offer Accepted in a Seller's Market - Real Estate Escalation Clauses

Yes, Boston was one of America's Hottest Markets for Real Estate in 2017. Here on the north shore we concur. The current, extremely tight real estate inventory is causing bidding wars and the result is (too) many disappointed, discouraged and frustrated buyers. If you're actively looking to 'get your foot in the door', literally, we are here to help. This would be a great time for you to be in a 'committed relationship' with a REALTOR® you trust. Ask friends and family for a referral, search online and read some REALTOR® bios, then interview a few real estate professionals (more than 1!). It's a little like dating; you'll know when you've found the right fit. There are at least 10 ways to help get your offer accepted in a seller's market (thank you Inhouse Realty!) and if 'your agent' is working on your behalf you know what I'm talking about. One powerful tool in a real estate professional's repertoire is an escalation clause. An escalation clause is language added to an offer that states that you are willing to out-bid any other offer up to a certain dollar amount, with a cap or maximum of what you are willing to pay. Escalation clauses aren't for everyone but an educated buyer should be fully aware. Our agents are well-versed in how to best compete in the current highly-competetive real estate market. Give us a call or reach out via web/email and put your best foot forward! 

Speaking of committed relationships, have you heard about how the real estate love letter has helped many of our home buyers get their offer accepted? Tune in to next week's blog...

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Just Listed! 4 Fox Run Road, Ipswich MA

New to the market and offer already accepted! THAT WAS FAST!!!   4 Fox Run Road, Ipswich, MA - Drenched in NATURAL LIGHT, this CONTEMPORARY COLONIAL is adorned with many TIMELESS DETAILS attributing to it's broad appeal. A LARGE SUNLIT KITCHEN w/SS APPLIANCES & GRANITE COUNTERTOPS opens to a CASUAL DINING area adjacent to one of the many EXTERIOR spaces to just sit & enjoy NATURE. The CLASSIC FLOW of the FLOOR PLAN highlights HW FLOORS throughout the main level adding warmth & casual elegance. The ample MASTER SUITE features a large CUSTOM WALK-IN CLOSET & spacious ENSUITE BATH. CUSTOM CLOSETS also in Bedrooms 2&3! The lower level FAMILY ROOM walks out to a deck w/PATIO ideal for ENTERTAINING or roasting marshmellows by the FIRE PIT. Enjoy a lovely CUL-DU-SAC neighborhood surrounded by FOREST & close to CONSERVATION LAND w/miles of HIKING/BIKING TRAILS. It is conveniently located close to DOWNTOWN IPSWICH, SHOPPING, TRAIN, RESTAURANTS, CSA FARMS, GREENBELT properties & just 7 miles to CRANE BEACH! An easy commute to BOSTON, NBPT, GLOUCESTER, EBSCO, NEW ENGLAND BIOLABS & areas NORTH. 

Check with our office for availability! The market is hot and moving fast. 978-356-8922. 

Real Estate Inventory North of Boston Massachusetts on the North Shore

Don't get shut out! Today's real estate market here on the north shore of Boston is tough! Be first to know about new listings! Like our facebook page. Often times new listings show up there first. It might help you get your foot in the door...or the key to the door!

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Just Listed! 2 Heatherside Lane, Ipswich, MA

Open House - Saturday March 24, 11:00am-1:00pm. Just listed in Ipswich, MA! 2 Heatherside Lane! Single level living in a beautiful country setting. Sellers are mindful of the important details of home ownership. Improvements include; roof replacement, vinyl siding, pellet stove insert with generator, blown-in insulation and solar panels. Hardwood floors throughout with the exception of the kitchen. Heatherside Lane is off of Lakeman's Lane and a short ride to Crane Beach, where you gain access for a $20.00 annual sticker as an Ipswich resident! Click here for full details on 2 Heatherside Lane, Ipswich MA  For a virtual tour of 2 Heatherside Lane, Ipswich, MA click here.

Mass Housing Announces New Down Payment Program

Over the years there have been many down payment programs rolled out by by cities and towns that offered similar down payment assistance and guidelines; however, the funding was often limited and would run out quickly. This plan seems a bit more robust on the surface. The Boston Globe shares details on the new Mass Housing Down Payment Program here and it looks like "eastern Massachusetts" (Essex County?) falls into the median income guideline of $103,400 or less. What's your take? Have questions? Give us a call. We have seven preferred mortgage lenders who are willing to help you understand the mortgage process

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Mortgage Interest Rates on the Rise

There’s no doubt that “the era of ultra-low interest [mortgage] rates is over,” said Lawrence Yun, chief economist of the National Association of Realtors®, in a statement. That's the quote that stopped me in my tracks.

I wish I could tell you that lower home prices will offset the rate increase but currently we are still experiencing low inventory and high demand, including multiple offer situations and many frustrated buyers. The article suggests that if you're planning on buying in 2017, act sooner than later; I agree. Get the full article on rising interest rates from realtor.com here

What's Your Real Estate Agent Doing Behind Your Back?

Great article from Realtor.com and it's not what you might think! Almost 30 years in this business, I've been asked the question many times: "What makes a great real estate agent?" My response would be, "What does 'great real estate agent' mean?" Makes the most money? Provides the best customer service? Accomplishes both of those goals with refined ethics?" 

Ideally, you would have a skill set that included not only a psychology degree but be as gifted as one of the most eminent psychologists of the 20th century, have legal experience equivalant to one of the most influential laywers in the world, possess the most powerful secrets of super negotiators, be in the top 500 for marketing & advertising, globally. And let us not forget patience; you would have to have the patience of Job.

Of course, I'm speaking dramatically and quite sarcastically, but seriously, none of the necessary skills required to be GREAT in this profession are magically granted upon passing the Massachusetts Real Estate Salesperson License Exam. NONE. Anyone can attend the required hours and pass the test; many, who do, never go on to be great. Furthermore, we all measure "success" in our own way. I'm a big proponent of ethics, maybe because I like to sleep at night. I can say the same for my team.

Take a peek at this list of what your real estate agent SHOULD be doing behind your back. This is just a snapshot of what you should expect, in the least, when hiring a real estate PROFESSIONAL. Ask about experience, not how long they've had their license, ask how many transactions they've completed in the last year, 2 years, 5 years, etc. Ask for testimonials. Speaking of testimonials, here's a long list of the kind of service you can expect from Windhill Realty. Do your research. Your REALTOR® is your professional partner in one of the most important and largest business transactions of your financial history. Not getting the answers you need to make your decision? Call me. I'm not in sales. My job is to help people and that includes you!