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Real Estate Update for 03753 See below for the latest information about the 03753 real estate market. Please let me know if you have any comments or questions! Deb Roberts Remax Upper Vally Partners Ask a question » Real Estate Update for 03766 See below for the latest information about the 03766 real estate market. Please let me know if you have any comments or questions! Deb Roberts Remax Upper Vally Partners Ask a question » Real Estate Update for 03782 See below for the latest information about the 03782 real estate market. Please let me know if you have any comments or questions! Deb Roberts Remax Upper Vally Partners Ask a question »

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Happy Thanksgiving from Deb at ReMax Upper Valley Partners

 

 

A Home is where the heart of the family is. I am glad to have been the one to help you find your home   Happy Thanksgiving to you and your family. May the good things in life be yours in abundance. Deb Roberts ReMax Upper Valley Partners 603-381-3977 Deb@uvmaxre.com

ReMax Upper Valley Partners Deb Roberts 1120 S Main Street West Lebanon NH 03784 603-298-8900 DebHome4U.com

 

Grant money for down payments in Vermont

As of January 1, 2017, Twin Pines Housing Trust (TPHT) will begin accepting applications for downpayment grants to help eligible buyers purchase a home in Vermont.  The grant may not be used for the purchase of a mobile home, duplex, a HUD foreclosure, or senior-restricted housing.  TPHT can only fund homes that are located in one of the following towns in Vermont:  Barnard, Bethel, Bridgewater, Chelsea, Pomfret, Fairlee/West Fairlee, Hartford, Hartland, Norwich, Royalton, Sharon, Strafford, Thetford, Tunbridge, Vershire, and Woodstock.  In exchange for the grant, the buyer would agree to share their appreciation with future generations in order to keep the home affordable to the next generation of buyers.

 

The maximum grant amount is $44,000, or 20% of the purchase price of the property, whichever is less.  TPHT expects grant funds to become available in the summer/fall of 2017 and will be available until funds are expended.  Due to the very limited availability of funds, grant funds are not available to TPHT staff. 

 

How Do I Qualify?

 

TPHT downpayment grant funds are available to eligible buyers who meet all three of the below criteria.  TPHT is unable to reserve downpayment grant funds for a buyer until a purchase contract is signed and accepted by TPHT. 

 

Eligibility criteria:

·       Have a complete, up-to-date buyer application* with TPHT and be approved for purchase under TPHT’s program, and

·       Complete (or be scheduled to complete) a Homebuyer Education Workshop with an approved class provider, and

·       Obtain a prequalification letter from an approved lender from the past 60 days.

 

*TPHT’s buyer application is available at www.tphtrust.org or contact Helen at 802-291-7000 or at helen.hong@tphtrust.org to have an application sent to you.

 

As stated on TPHT’s buyer application, an applicant may not have an ownership interest in another primary residence at the time of purchase of a TPHT home and the applicant must have at least $2000 in personal savings.

 

Can I Purchase Any Property?

 

The property you purchase must meet TPHT’s requirements in order to receive a down payment grant:  

 

·       The home must be a single family home in select towns in northern Windsor County or southern Orange County that is located in the above-specifies towns. 

·       The home’s price may not exceed a maximum purchase price of $220,000.

·       TPHT and our funder (the Vermont Housing and Conservation Board) must approve all details of the purchase, including, but not limited to, your financing terms, your debt-to-income ratios, the home inspection and appraisal.

·       TPHT staff must attend the home inspection and approve an independent, written inspection report from a qualified inspector acceptable to TPHT, which shows no imminent major systems failures or other substantial defects.

·       If the septic and water systems are privately owned, TPHT staff must review and approve a septic inspection report and water quality test, which show no imminent system failure or water contamination.

·       TPHT must approve the future marketability of the home, including, but not limited to, location, price, size, layout, and general condition.

·       TPHT must review the bank’s appraisal to ensure that TPHT’s downpayment grant is covered by the appraised value of the home.

 

What Are the Income Limits?

 

Your income at the time of application may not exceed 120% of the median income for the county you wish to buy in. Asset limits also apply. Call us if your family size is larger than five. Income limits are adjusted annually by HUD around April of each year. 

ORANGE COUNTY – 2016		WINDSOR COUNTY – 2016
Family Size 1 2 3 4 5	Income      $54,600      $62,400      $70,200      $77,880      $84,120	Family Size 1 2 3 4 5	Income      $60,840      $69,480      $78,120      $86,760      $93,720

 

What if I Want to Buy a VERMOD or Irene Cottage?

 

If you are interested in purchasing a high-performance home, such as a VERMOD, the grant amount will be $40,000, regardless of the purchase price.  In other words, the grant is not based on 20% of the price, but is a flat amount of $40,000.  The grant is available for the placement of a high-performance home on a privately owned lot only, subject to TPHT and VHCB’s review and approval as described in this document.  If you wish to place a VERMOD in a mobile home park, please contact Champlain Housing Trust at 877-274-7431 to inquire about downpayment funds.

 

What Are My Next Steps?

 

Because funds are limited, it is important that you (1) contact TPHT to check on the availability of funds before signing a contract to buy a home and (2) include contingencies in your contract that will allow you to exit the contract and keep your deposit if your grant request is denied or grant funds are no longer available. 

 

Essential information for drawing up a contract:

·       You will be giving the seller a deposit (also called “earnest money”).  DO NOT write a check directly to the seller.  Ask the seller who his/her attorney is, and make the check out to that attorney’s trust account or to a realtor’s trust account.

·       Be sure to include the following contingencies:

1.       The purchase is dependent upon a home inspection satisfactory to the buyer and TPHT.

2.       The property must appraise at or above the purchase price specified in the contract.

3.       The financing terms, appraisal and home inspection are subject to review and approval by TPHT.

·       Set a closing date at least eight (8) weeks from the day the contract is signed.

If you have questions about this process, call TPHT or your attorney.

 

Once you begin shopping for a home, you may need a "grant pre-approval letter" to show a seller or a lender that you qualify for grant funds, which TPHT will be happy to provide for you.  

 

 

 

I am never too busy for your referrals

*The listings in the chart above are subject to errors, omissions, and changes without prior notice. Information was downloaded from NNEREN. RE/MAX Upper Valley may or may not be the listing agent for these properties. Additional properties not on MLS may be available and not referenced

*Your information is not confidential until you have entered into an agreement for representation

Click here to view NH Brokerage Relationship Disclosure Form

Click here to view VT Mandatory Consumer Disclsoure

Thank you for your time;

Deb Roberts CHMS

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont

 

Homebuyer Education offered in the UV!

I hope your new year is off to a great start!

Twin Pine Housing Trust will be partnering with AHEAD and Upper Valley
Housing Coalition to offer two homebuyer workshops at DHMC in February and
in May. This will make it easier for an UV resident to attend these
workshops. TPHT has mailed a letter and flyer to area lenders and realtors,
I have attached it to share with people who are interested in Buying this
spring. This is a very good program and I have helped buyers use this
program.
A flyer for the 2/11 workshop is attached.

I would love your help spreading the word to friends and family who might be
potential buyers and others who may be interested.


I am never too busy for your referrals
*The listings in the chart above are subject to errors, omissions, and
changes without prior notice. Information was downloaded from NNEREN. RE/MAX
Upper Valley may or may not be the listing agent for these properties.
Additional properties not on MLS may be available and not referenced

*Your information is not confidential until you have entered into an
agreement for representation
Click here to view NH Brokerage Relationship Disclosure Form
Click here to view VT Mandatory Consumer Disclsoure
Thank you for your time;
Deb Roberts CHMS
RE/MAX Upper Valley Partners
Upper Valley Realtor of the Year 2010
| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900
Licensed in New Hampshire and Vermont

First American Exchange January Newsletter

 

 

View Online Click here

 

January 2017   FORGET THE "TRUMP BUMP," 2017 WILL STILL BE A GOOD TIME TO BUY   November 2016 was a month to remember. The election results surprised many, if not most. But, for real estate investors and professionals, the "Trump Bump" that occurred after the election was arguably the more impactful event. Over the two weeks following November 8, the 30-year, fixed-rate mortgage increased 50 basis points to a rate of just over 4 percent.  Not since the summer of 2015 had we seen the mortgage rate above that level for any meaningful amount of time.   Learn More   UPCOMING WEBINAR    An In-Depth Look at 1031 Exchanges Thursday, January 19, 2017   For more information or to register, click here.     RECENT CALIFORNIA RULING ON DROP AND SWAPS   Near the end of 2016, the California Board of Equalization issued a ruling on a 1031 exchange transaction involving a limited liability company that distributed its interests down to the members prior to a sale in order for one of the members to complete a 1031 exchange - a "drop and swap".    Continue Reading    FROM OUR ARCHIVES   Allocating Assets in a Business Exchange   One Exchange or Many?   5 Tips For a Smooth 1031 Exchange   When a 1031 Exchange Straddles Two Tax Years   WILLIAM P. LOPRIORE, JR. Regional Manager and Counsel (617) 631-2539 wlopriore@firstam.com       Subscribe to My Newsletter

 

First American Exchange, 35 Main Street, Suite B, Wayland, MA 01778 SafeUnsubscribe™ deb@uvmaxre.com   Update Profile | About our service provider   Sent by wlopriore@firstam.com

 

Happy Holiday

I wish you a very Merry Christmas

 

along with a

 

Happy and Healthy New Year

 

 

 

 

I am never too busy for your referrals

 

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont

 

 

July Housing: Hot Sales Cut Into Inventory

Low inventory in July in New Hampshire pushes prices up.

 

August 22, 2016 July Housing Market Report The ever-increasing pace of residential home sales over the last two years has resulted in a drop in New Hampshire housing stock, and in July that lower inventory translated to a modest dip in sales as well. Even so, the 1,810 home sales represented the second-most of any July since 2004, and year-to-date sales were 12 percent above 2015 through the first seven months. Meanwhile, the median price of those homes continues to climb to its highest July point, at $255,000, since 2008. Year to date, New Hampshire homes have sold for a median price of $245,000, 2.1 percent higher than at this time a year ago. That's just the tip of the statistical iceberg, as part of the New Hampshire REALTORS market report which includes 10 different categories and historical data going back to 2005, as well as county-level data.

 

For more information about your local market

email me at Deb@uvmaxre.com

 

I am never too busy for your referrals

*The listings in the chart above are subject to errors, omissions, and changes without prior notice. Information was downloaded from NNEREN. RE/MAX Upper Valley may or may not be the listing agent for these properties. Additional properties not on MLS may be available and not referenced

*Your information is not confidential until you have entered into an agreement for representation

Click here to view NH Brokerage Relationship Disclosure Form

Click here to view VT Mandatory Consumer Disclsoure

Thank you for your time;

Deb Roberts CHMS

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont