REALTORS® across Massachusetts and the country will be hosting thousands of open houses on the weekend of June 4 &5, 2011 to give buyers the opportunity to easily see a wide range of homes for sale in a single weekend.
If owning a home is right for you, circle your calendar, set a reminder on your smart phone or even tie some string around your finger, but go to www.maRealtorOpenHouse.com to search for open houses taking place on REALTOR® Nationwide Open House Weekend.
Home sellers – make sure to let your REALTOR® know you want to participate in REALTOR® Nationwide Open House Weekend.
Tuesday, May 31, 2011
Friday, May 20, 2011
The Andona Society’s annual two-day “Clown Town” event will take place Friday night, May 20th from 6:00 to 10:00 p.m., and on Saturday, May 21st from 10:00 a.m. to 9:00 p.m. The event features carnival rides, games, food, music and performances. http://ping.fm/mF8Ek details click link
The Town of Andover HHW Collection will take place on Saturday May 21st at the West Elementary School from 9am until 1pm. Residents are reminded that waiting lines WILL NOT be allowed to form early. Please refer to page 2 of the Recycling/Trash Guide for more detailed information as to what is accepted at this collection.
National Walk in the Woods Day - May 21
The Friends of Andover Community Trees (FACT) invites everyone to celebrate our local forests by taking part in Andover's celebration of National Walk in the Woods Day, May 21. The U.N has declared 2011 as the Year of the Forest and the National Forest Foundation chose Saturday, May 21 as National Walk in the Woods Day.™ In Andover, two noted woodsmen and hikers – Fred Snell, president of AVIS (Andover Village Improvement Society) and David Bunting, president of Andover Trails Committee – will lead the informative walks. http://ping.fm/HHJPa
The Friends of Andover Community Trees (FACT) invites everyone to celebrate our local forests by taking part in Andover's celebration of National Walk in the Woods Day, May 21. The U.N has declared 2011 as the Year of the Forest and the National Forest Foundation chose Saturday, May 21 as National Walk in the Woods Day.™ In Andover, two noted woodsmen and hikers – Fred Snell, president of AVIS (Andover Village Improvement Society) and David Bunting, president of Andover Trails Committee – will lead the informative walks. http://ping.fm/HHJPa
Thursday, May 19, 2011
Wednesday, May 18, 2011
Tell Congress: 20% Down Payments Put the American Dream Out of Reach
Could you afford 20% down to purchase your home?
According to NAR Research, 60% of recent home buyers made less than a 20% down payment, and it would take 14 years for a typical person to save up a 20% down payment to buy a median-priced home.
Please contact Congress today and ask them to make it clear to the regulators that this proposed regulation was not their legislative intent and to instead implement a more reasonable Qualified Residential Mortgage (QRM) that will keep credit-worthy buyers in the market and able to acquire a loan.
NAR believes Congress intended to create a broad QRM exemption. Evidence shows that responsible lending standards and ensuring a borrower’s ability to repay have the greatest impact on reducing lender risk, not high down payments. Proposals that require high down payments will drive more borrowers to FHA, increase costs for borrowers by raising interest rates and fees, and effectively price many eligible borrowers out of the housing market.
A provision in the Dodd-Frank Act requires that financial institutions retain 5% of the risk on loans they securitize. The purpose is to discourage excessive risk taking and create strong incentives for responsible lending and borrowing.
Congress came up with the QRM concept to ensure that banks were only putting up ‘safe’ loans for securitization. NAR supports this goal, but in practice, regulators have come up with draconian parameters for what constitutes a QRM.
NAR feels this will not only affect buyers, but would also affect the ability of home owners to sell their homes, since there would be fewer buyers who could qualify for home ownership.
NAR wants federal regulators to honor Congressional intent by crafting a QRM exemption that includes a wide variety of traditionally safe, well underwritten products such as 30-, 15-, and 10-year fixed-rate loans; 7-1 and 5-1 ARMs; and loans with down payments in the 5% to 20% range with PMI, where required, and with other features found in low-risk loans such as no prepayment penalties or balloon payments.
Could you afford 20% down to purchase your home?
According to NAR Research, 60% of recent home buyers made less than a 20% down payment, and it would take 14 years for a typical person to save up a 20% down payment to buy a median-priced home.
Please contact Congress today and ask them to make it clear to the regulators that this proposed regulation was not their legislative intent and to instead implement a more reasonable Qualified Residential Mortgage (QRM) that will keep credit-worthy buyers in the market and able to acquire a loan.
NAR believes Congress intended to create a broad QRM exemption. Evidence shows that responsible lending standards and ensuring a borrower’s ability to repay have the greatest impact on reducing lender risk, not high down payments. Proposals that require high down payments will drive more borrowers to FHA, increase costs for borrowers by raising interest rates and fees, and effectively price many eligible borrowers out of the housing market.
A provision in the Dodd-Frank Act requires that financial institutions retain 5% of the risk on loans they securitize. The purpose is to discourage excessive risk taking and create strong incentives for responsible lending and borrowing.
Congress came up with the QRM concept to ensure that banks were only putting up ‘safe’ loans for securitization. NAR supports this goal, but in practice, regulators have come up with draconian parameters for what constitutes a QRM.
NAR feels this will not only affect buyers, but would also affect the ability of home owners to sell their homes, since there would be fewer buyers who could qualify for home ownership.
NAR wants federal regulators to honor Congressional intent by crafting a QRM exemption that includes a wide variety of traditionally safe, well underwritten products such as 30-, 15-, and 10-year fixed-rate loans; 7-1 and 5-1 ARMs; and loans with down payments in the 5% to 20% range with PMI, where required, and with other features found in low-risk loans such as no prepayment penalties or balloon payments.
20% down to purchase a house will put home purchase out of reach for many responsible would be home owners Just Say No http://bit.ly/l6VuOV
Tuesday, May 3, 2011
Danvers Stunning Brick Front Colonial FOR SALE $649,900
FOR SALE - 4 Cordoba Drive, Danvers, MA
FOR SALE - 4 Cordoba Drive, Danvers, MA Spacious, stunning elegance are yours in this lovely brick front 4+ bedroom colonial. Located on a private cul-de-sac and set up to allow for beautiful views this home has it all. Enjoy the custom granite eat-in kitchen with Bosch stainless steel appliances. The open concept floor plan flows beautifully from the foyer to kitchen to the living room and dining room with newly refinished sparkling hardwood floors with inlays. Step away into the large great room and enjoy the open cathedral ceilings and fireplace. The newly finished provides space for a workout room, additional family and recreation room as well as the third full bath. Second level features four bedrooms and 2 full baths. The large master suite has it's own spacious full bath a full shower and separate spa tub. The home offers 3 zone heating and 2 zone central air conditioning. The back yard offers lots of additional space for entertaining and enjoying the outdoors with a large deck and a full patio area.
FOR SALE - 4 Cordoba Drive, Danvers, MA Spacious, stunning elegance are yours in this lovely brick front 4+ bedroom colonial. Located on a private cul-de-sac and set up to allow for beautiful views this home has it all. Enjoy the custom granite eat-in kitchen with Bosch stainless steel appliances. The open concept floor plan flows beautifully from the foyer to kitchen to the living room and dining room with newly refinished sparkling hardwood floors with inlays. Step away into the large great room and enjoy the open cathedral ceilings and fireplace. The newly finished provides space for a workout room, additional family and recreation room as well as the third full bath. Second level features four bedrooms and 2 full baths. The large master suite has it's own spacious full bath a full shower and separate spa tub. The home offers 3 zone heating and 2 zone central air conditioning. The back yard offers lots of additional space for entertaining and enjoying the outdoors with a large deck and a full patio area.
Sunday, May 1, 2011
Open House Sunday May 1st 12-2pm
OPEN HOUSE DANVERS MA SUN 12-2PM
NEW TO MARKET 4 CORDOBA DRIVE DANVERS
NEW TO MARKET 4 CORDOBA DRIVE DANVERS
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