Okemo Mountain Real Estate

Father’s Day Facts for Ludlow VT

2008-06-12T12:31:00.002-04:00

In honor of Dear Old Dad, we are taking a week off from discussing Ludlow VT real estate. Father’s Day is coming up this Sunday, and there is plenty to do around Ludlow VT and Okemo Mountain to celebrate with the special father in your life.

Here are some little-known facts about Father’s Day:

- There are approximately 66.3 million fathers in the United States.

- The word "Dad" dates back to the sixteenth century, or possibly even earlier. It may have originated with the Welsh word "Tad" (meaning father), which later mutated to Dad. The word "Father" is derived from the Old English "Foeder".

- A father ocean catfish carries the eggs of his young in his MOUTH until they are ready to be born (which may take several weeks!). During that time he cannot eat anything.

- Father penguins remain on their feet in arctic temperatures for 60 days or more to protect his eggs, he also cannot eat while guarding his eggs.

- Neckties lead the list of Father’s Day gifts, and there are 10,416 men’s clothing stores around the country.

- Other items high on the list of Father’s Day gifts include those you may find in dad’s toolbox, such as hammers, wrenches and screwdrivers. You could buy some of these items for dad at one of the nation’s 14,755 hardware stores or 5,280 home centers.

- There are 23,018 sporting goods stores. These stores are good places to purchase traditional gifts for dad such as fishing rods and golf clubs.

- There are approximately 98,000 “stay-at-home” dads. These are married fathers with children under 15 years old who have remained out of the labor force for more than one year primarily so they can care for the family while their wives work outside the home.

- Nearly 69 million Americans have participated in a barbeque in the last year — it’s probably safe to assume many of these barbeques took place on Father’s Day.

We’ll be back next week to discuss Ludlow VT real estate. Meanwhile, enjoy a fantastic weekend with dad and call me at 802-353-1983 or visit ISellVermontRealEstate.com to begin searching Ludlow VT real estate now!

Why Stage Your Ludlow VT Real Estate

2008-06-05T10:45:00.002-04:00

“Staging” Ludlow VT real estate for sale has become a hot trend in the industry. Unlike some trends that are more trouble than they’re worth, however, this is one trend that can really pay off! Here are 12 reasons why you should consider staging your home on the market:

1. Turbo Boost Sales Time
Experts all agree and studies show staged homes sell quicker – sometimes up to 50% faster - than non-staged homes. Typically, when a home has been on the market for some time, buyers and agents will assume there must be something wrong with it or that the seller will be anxious to sell and will take much less than the asking price.

2. First Impressions Are The Most Important
People’s first impression of your listing is critical. Staging gives you the best opportunity to make a positive first impression rather than a negative one. The stronger the impression, the less likely a potential buyer will be bothered if some things aren’t perfect.

3. Gone In 60 Seconds…
Psychology experts have proven that people react based on emotion and then seek logic to back up the feeling. From a real estate perspective, a buyer will make an initial reaction in less than a minute whether they like your listing or not. Then, after the potential buyer's initial decision has been made, they will either confirm that decision or rescind it in the next 6 to 20 minutes as they tour the property. This is why proper staging is critical for any listing.

4. Ready, Set, Go – Move-In Ready Sells Faster

A properly staged listing not only appears to be in “Move-In Ready” condition, but it really is. Staging a house for sale means that every component of the house is as close as possible to model condition. All buyers prefer to buy a home where they can just move-in and start enjoying life. This is especially true for vacation homes, where buyers may not have a lot of time to devote to “updating” the property.

5. Imagination Not Included
Did you know that only 5% of the population can truly visualize how beautiful a home can be or see past the clutter, grime and so-so appearance? It’s true. Help potential buyers see themselves happily living in your listing and let the offers come pouring in. For vacation homes, help buyers envision themselves enjoying a family vacation in your property and reaping the rewards of renting it out to others on vacation.

6. Be the Needle In The Haystack

Staged homes have a much greater competitive advantage over houses that are not staged. Experts are predicting that more and more listings will be sitting on the market for sale in the next few years. Some areas have already seen a 100-300% increase in available inventory and average time on market. A staged home stands apart from other listings because it has been properly merchandised to bring out the best qualities of the listing.

7. No Skeletons In The Closet

Staged homes project an image of being well maintained and well cared for. The underlying psychological message that is sent to potential buyers is that it’s worth more. More importantly, staging helps remove a certain degree of risk that a potential buyer might have about buying a house that is in disarray.

8. Appraise It High Or Go Home

As more and more homes become available, you need every advantage possible. One marketing advantage you might overlook is to create instant loan to value (LTV) by getting an appraisal after the house is staged. If you can show a potential buyer how much the home is worth i.e. appraised value and the sales price is less….instant value. It will sell faster because it appears to be a better deal.

9. Move To The Head Of The Class

Real estate professionals never like to show a house that’s not going to impress their buyer. A well-staged home could easily be described as “staged to sell” which means that it’s going to impress their buyer. Staged homes are always at the top of the list when it comes to which properties an agent will show.

10. The Exception To The Rule – The Buyer’s Rule

Would you show a house to a buyer that didn’t meet their exact criteria? Maybe…but ONLY if the house is staged properly and gets clients excited. If an agent knows that a listing shows really well, but doesn’t match the buyer’s criteria exactly, it’s possible they’ll show it anyway. A well-staged home could be the one to get a buyer excited enough to make an offer.

11. Peace, Love and FREE Advertising

Brokerages love showcasing beautifully staged homes because they draw more business to their firm. They usually invest considerable money to advertise a well staged listing to generate leads for other agents. Why not use this to your advantage – the more advertising your home can get, the better!

12. Show Me The Money!

The better a home shows, the higher it will sell for - which means more dollars in your pocket. Non-staged homes are more likely to require price reductions in order to sell as opposed to staged homes, which are more likely to enjoy a number of offers, or even a bidding war or a sale above the asking price. Information provided by AHS.

Ludlow VT Vacation Home Trends

2008-05-30T11:21:00.001-04:00

Although this article uses a beach vacation rental condo as an example, the tips included are valuable for any Ludlow VT vacation home owner as well.

Here are some of the many tips for retaining loyalty among your renters:
- Forget neutral! Bring on the “vacation-y” décor, but try not to go overboard!
- Furnish with easy-to-use furniture that is easy to clean and can withstand wear and tear
- Stock up on plenty of family-oriented indoor activities like board games and playing cards
- Include some homey touches like a binder of local restaurant menus or personal tips on local attractions

To learn more about Ludlow VT real estate or owning your own vacation home, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching for Ludlow VT property on the MLS!

Homes That Save Vermont Home Buyers Money

2008-05-23T11:06:00.004-04:00

More Vermont and Okemo Mountain buyers are taking the environment into account when searching for a home—they’re looking for earth-friendly features that translate into lower energy bills and less pollution.

I found this article by Linda Legner discussing how Vermont home sellers can make their home stand out from the rest and attract earth-friendly buyers....

This growing trend gives you the opportunity to make your listing stand out from the rest by calling attention to all of its energy-efficient amenities, from properly-sealed windows to Energy Star appliances.

Whether your listing is a brand new condo or an old Victorian, just a bit of investigating can uncover many “green” features that will grab buyers’ attention. Use this list to identify areas of the home where energy efficiencies may be lurking:

Appliances and lighting. From the laundry machine to the dining room chandelier, energy-efficient products are proven to save money and consume less energy. To confirm that various products outperform average standards, look for the blue-and-white Energy Star label. The U.S. Environmental Protection Agency issues this designation only to products that are among the most efficient on the market. The Energy Star Web site provides a comprehensive list of all Energy Star Qualified Products.

Insulation. Air leaking through exterior surfaces—such as walls, windows, the roof, and the floor—can waste 25 percent to 40 percent of the energy used to heat or cool a home, according to Energy Star. Local building codes and the U.S. Department of Energy specify acceptable insulation, measured in R-values. The higher the R-value, the more effective the insulation. If your listing has insulation that surpasses local standards, that’s an advantage you can tout to potential buyers. Be sure to mention insulation installed in attics and crawlspaces. Also, don’t forget to point out wraps, sealants, foams, and tape installed to reduce air moving through the gaps around framing, piping, electrical wiring, and outlets.

Windows. Depending on the climate and total glass area, windows account for 25 percent to 50 percent of a home’s heating and cooling needs. But technological advances in window materials mean much better energy efficiency. U-Factors rate insulating ability for windows; the lower the U-Factor, the better the insulation of the window. Typical U-Factor values range from 0.25 to 1.25. If your listing has insulated window frames or frames made of low-conductance materials (wood, vinyl, or fiberglass), you should call out these features to potential buyers.

Heating and cooling systems. Efficient heating, ventilation, and air conditioning equipment consumes less fuel, emits less pollution, and generally requires less maintenance. A furnace’s heating efficiency is measured by the annual fuel utilization efficiency rating, or AFUE. The U.S. Department of Energy requires all furnaces sold in the United States to have a minimum AFUE rating of 78 percent, which means that the furnace converts 78 percent of the fuel to heat. Only ratings of higher than 90 percent earn the Energy Star label. Similarly, air conditioners should have at least a 10 seasonal energy efficiency ratio, or SEER. Energy Star requires a SEER rating of 12 or higher.
If the home has zoned systems that allow different areas to be heated and cooled separately, let potential buyers know that these features deliver additional operating savings. Point out programmable thermostats with timers and variable-air controls, as well as ceiling fans. Let buyers know if a fireplace has glass doors and a heat-air exchange mechanism, which returns warmed air to the room instead of letting it escape. And don’t forget to promote radiant flooring, which heats from the ground up and eliminates the draft and dust problems associated with forced air heating systems.

Landscaping. Well-done landscaping can greatly reduce heating and cooling costs, protect the home from winter wind and summer sun, and help control noise and air pollution. Also, some species of trees, bushes, and grasses require less water than others, or are naturally more resistant to pests so they require fewer pesticides. Learn what kind of plants and trees are growing around the house and promote all of their benefits to buyers. For more details on what to look for, visit Landscaping for Energy Efficiency, an online guide from the U.S. Department of Energy.

The entire house. Some new homes are rated for overall efficiency by the Energy Star program. A new home certified through the Energy Star program performs at least 30 percent more efficiently than houses built to the 1993 Model Energy Code (or 15 percent more efficient than your state energy code if that is more stringent). The Energy Star designation is verified by an accredited home energy rater and displayed on the inside of the circuit breaker.

Even if your listing isn’t a home that buyers would traditionally think of as being green, it is sure to have at least some eco-friendly features that will give it a marketing edge. Let potential buyers know how the home will help their energy bills and the environment, and you may be surprised at how fast you can clinch the sale.

Learn More...

Energy Star Program
The U.S. Environmental Protection Agency introduced Energy Star in 1992 to identify and promote energy-efficient products to reduce greenhouse gas emissions. The label is now on appliances, lighting, home electronics, and other products. It also covers new homes and commercial and industrial buildings.

Glossary of Energy-Related Terms
The acronyms alone can be confusing! If you can’t recall what AFUE measures or what SEER stands for, come to this glossary for clarification. You’ll also find definitions for hundreds of energy-related words.

Energy Savers: Tips on Saving Energy & Money at Home
This site, from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy, offers energy-saving tips for all areas of the home, plus a variety of booklets you can download and print in English or Spanish.

Energy Efficiency and Renewable Energy
This portal site by the U.S. Department of Energy provides links to other Web sites and online information on energy efficiency and renewable energy.

Baby Boomers Setting the Latest Ludlow VT Real Estate Trends

2008-05-15T15:12:00.001-04:00

We know that the Baby Boomers account for a large part of the real estate owning population in America; the majority of Ludlow VT vacation home owners are also of the Baby Boom generation. It should come as no surprise, then, that these folks – not the typical “trendy” crowd - may be the latest trend-setters in vacation real estate also.

Sounds unlikely, but it is very true! As this article in the Wall Street Journal explains, designers and architects are catering more and more toward this fast-growing segment of the population. Not only are more Baby Boomers planning to stay in their homes through retirement (as opposed to moving to “assisted living” or a retirement community), but they are also the ones willing and able to purchase vacation real estate during this economic downturn. This influx of aging vacation-home buyers has triggered home renovations and new construction including halls and doorways wide enough for walkers and wheelchairs, and master suites and laundries on the ground floor so residents can avoid stairs. Now, the technology behind home appliances and fixtures is catching up – making all kinds of appliances and home design elements more senior-friendly.

Some of the innovations in home design and appliance re-design include:
- Stoves that monitor pots to prevent boiling over
- Adjustable typeface on appliance control panels
- Faucets that turn on and off with just a touch anywhere on the spout
- Dishwashers designed to be mounted at a more comfortable height
- Refrigerators with doors and storage designed to reduce bending over
- Adjustable volume/pitch of oven alarms

Last but not least – yes, there is even a toilet on the market with an electric-blue nightlight built in and a motorized heated seat cover that rises with the touch of a button. I don’t think you’d have to be a senior citizen to enjoy that kind of amenity during a late-night bathroom visit!

The impact these trends will have on the real estate market as a whole is uncertain, but with more Baby Boomers purchasing Ludlow VT vacation homes, light-up toilets may be a standard amenity before you know it!

To learn more about trends in Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also contact us to request services here!

Ludlow VT Real Estate Tip: Navigating Home Inspections

2008-05-08T10:13:00.002-04:00

Home inspections are not just for new home buyers! As we have discussed in previous posts, it is extremely important to have your Ludlow VT real estate inspected professionally on a regular basis – especially if you are using it as a vacation property – to ensure you keep up with any necessary maintenance or repairs.

Professional home inspectors examine existing homes using professional standards as a measure to accurately report their condition to parties involved in a real estate transaction, or to the existing owners looking to repair or renovate.

Home inspectors offer many types of inspections to suit Ludlow VT real estate owners’ needs – some of these include:
- Pre-Listing Inspections
- Pre-Purchase Inspections
- New Construction Inspections
- HUD/FHA Inspections
- Multiunit Inspections
- Annual Maintenance Checkup

When purchasing a home, it is realistic that a buyer could save thousands of dollars by having a professional home inspection performed. Moreover, in areas with extreme weather circumstances, inspectors can help locate potential problems or damage that may be hidden to the naked eye.

To learn more about Ludlow VT real estate or for a referral to an experienced home inspector, please call me at 802-3531983 or visit ISellVermontRealEstate.com. You may also begin searching for Ludlow VT real estate here!

Tips for Remodeling Your Ludlow VT Vacation Home

2008-05-01T13:54:00.002-04:00

This article from 2nd Home Journal offers a fantastic list of tips for remodeling your second home. If you already own a Ludlow VT vacation home, you probably already know that remodeling a second home presents unique challenges. Below are the 10 main tips, and the article contains the full details on making your spring remodeling projects a success!

- Do your research; prioritize your needs
- Hire a competent designer or architect
- Define your total project budget
- Design for low maintenance and sustainability
- Get three bids
- Do reference checks
- Plan at least a 10 percent contingency fund
- Synchronize payments with work completed
- Hire an experienced project manager
- Anticipate issues and stay focused

Ready to learn more about owning Ludlow VT real estate? Please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching for a Ludlow VT vacation home here!

Cool Website Alert! Find Ludlow VT Gas Prices

2008-04-24T10:21:00.002-04:00

There’s no denying it – the cost of gas is rising through the roof. Some areas are even seeing gas prices as high as $4 a gallon! But not all gas stations are created equal, and gas prices can vary widely even in the same city. Before you fill up, check out GasBuddy.com and enter your ZIP code to find the very best (and worst) gas prices in Ludlow VT.

For information about Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also request a complimentary market valuation of your Ludlow VT home here!

How Does Ludlow VT Real Estate Compare Nationally?

2008-04-17T14:52:00.005-04:00

Check out this website to see how Ludlow VT real estate valuation compares to other cities across the country. This site is not only informative, but it shows that – despite the national media’s attention to the real estate slowdown – much of the national real estate market is still valued fairly, making it a great time to buy.

To learn more about Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also fill out this form to request a complimentary market analysis of your Ludlow VT home!

Encouraging News For Ludlow VT Real Estate Vacation Home Buyers

2008-04-10T16:07:00.002-04:00

According to the latest research by the National Association of Realtors, 1/3 of all real estate transactions in 2007 involved second or vacation homes. Although sales declined overall when compared to 2006, the proportion of vacation home sales was still near-record.

Lawrence Yun, NAR Chief Economist, said lifestyle factors and strong demographics remain positive for the vacation home market. “Investment considerations are secondary for vacation-home buyers, so there is some dormant underlying demand,” he said. “A peak of population is moving through the prime years for buying recreational property. It is welcoming to see investment sales returning to pre-boom activity.”

To learn more about investing in Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin receiving automated emails containing Ludlow VT real estate that matches your criteria here!

Owning a Ludlow VT Vacation Home

2008-04-03T16:43:00.001-04:00

This article from the Wall Street Journal offers a great, comprehensive overview of purchasing and owning Ludlow VT real estate to be used as a vacation home. It follows the story of a couple beginning with deciding to purchase in VT, to maintaining the property, and how they chose to handle renting the property.

Important topics for all vacation home owners that are covered include:
- Researching the local rental market and important factors to consider
- Determining fees/maintenance costs ahead of time
- Deciding who will manage and maintain the property
- Deciding how rental income will be received and used
- Determining the IRS status of the home (second home or vacation home?)
- Drafting a rental contract

For more information about purchasing Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also request complimentary e-books and relocation information here!

What You Need To Know About Ludlow VT Tax Rebates

2008-03-27T14:18:00.001-04:00

Congress’ recent $170 billion economic stimulus plan is centered around new tax rebates; unfortunately, the details of the plan are foggy at best, leaving Ludlow VT real estate owners and taxpayers with questions about the rebates and how they will benefit. The details are still being worked out by the Treasury Department and the IRS, but here are some facts that have been made available:

- To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000. These filers will get rebates up to $600.
- Joint filers must have AGI below $150,000 and are eligible to receive rebates of up to $1,200.
- Parents will receive $300 rebates per dependent child and there is no cap on the maximum number of children eligible.
- Filers who do not owe income taxes because of various credits and deductions but who do have at least $3,000 in income (can include Social Security or disability payments) will get $300 rebates per person or $600 per couple.
- The rebate is a one-time tax cut – an advance on a credit you’ll receive on your 2008 return.

If you make the IRS deadline and file your taxes by April 15, you can expect to receive a rebate check in the mail sometime between May and July.

Why not put your 2007 tax rebate toward the purchase of a new home? To learn more about Ludlow VT real estate, please visit ISellVermontRealEstate.com or begin searching for homes here. For more personalized service, please call me at 802-353-1983.

The Bumpy Streets of Ludlow VT

2008-03-20T12:32:00.001-04:00

What do potholes, mud season, and black flies have in common? They are all “indigenous to Vermont,” jokes Ludlow Municipal Manager Frank Heald. Along with the blessing of our snowy white winters comes the inevitable result of less-than-smooth roadways.

This article from the Rutland Herald is a half-serious look at the trials and tribulations we all face as we navigate the [sometimes bumpy] streets of Ludlow every day, and addresses what is being done to help relieve the problems. Check it out and let us know what you think is the most infamous road hazard in Ludlow!

To learn more about living in Ludlow or Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. To request a complementary market analysis of your home, please click here!

Land Loan Financing

2008-03-16T10:27:00.007-04:00

United Country Mortgage is now offering Land Loan financing for qualified applicants. Click here to find out more.

Let me help you find the right property, then call the United Country Financing team to secure your mortgage.

To learn more about Ludlow VT real estate or market trends, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also sign up to receive automated emails of new listings that match your criteria here

Ludlow VT Real Estate Update

2008-03-13T09:21:00.002-04:00

Attention, potential residential or vacation home buyers! CNN.com is reporting that now is the best time since 2004 to purchase a home.

The research and statistics compiled in this article show that, overall, prices are dropping across the nation as interest rates remain low.

To learn more about Ludlow VT real estate or market trends, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also sign up to receive automated emails of new listings that match your criteria here!

Add Some Green To Your Ludlow VT Home

2008-03-06T10:08:00.001-05:00

It seems like everywhere we turn these days, products and services we use every day are “going green.” With so many ways available now to help the environment, it may be overwhelming to figure out how exactly you as a homeowner can make changes. This article from RealEstateJournal.com details five ways homeowners can add “green” upgrades to their home, saving money and increasing their homes’ values at the same time. Below is the list of suggestions, check out the article for full descriptions of each item:

- Washers that save energy and water
- Toilets that conserve water
- No-VOC paints
- Smart thermostat applications
- Low-flow faucets and showerheads

To learn more about owning a Ludlow VT home or Ludlow VT real estate, please visit ISellVermontRealEstate.com, or call me at 802-353-1983. You may also begin searching the MLS here!

The Truth about Second Home Buyers in Today's Real Estate Market.

2008-03-01T14:55:00.004-05:00

This article is presented with permission and written by Denise Lones, M.I.R.M., CSP

Journalists are still riding the bandwagon of fear, reporting that second home purchases are going to be no more. Just last week, I heard a pundit advising people to keep their money in their primary residence because of the “impending recession”.

This is ridiculous. Nothing could be further from the truth. Contrary to popular belief, investing in a second home is—and will continue to be—a smart buying decision for many homeowners.

We live in the wealthiest country in the world. Second home buyers are not going anywhere. While the media hems and haws about all the unfortunate people who are in hard times, they completely ignore the fact that there are others who still have lots of money to invest. And what better investment than real estate—even if it’s not your primary residence?

I’m even going so far as to make a radical prediction:

Second home purchases will rise in the next five years.

That’s right—rise! Not diminish.

Here’s why:

1. As people age, they experience an increased need to have more quality of life and time away from home.

People love to get away. If they have the money, why not? They want a lifestyle change—the ability to go to a “home away from home”. Whether it’s a cottage in the mountains or a seaside shanty, there’s nothing like having a secondary place to escape to.

2. People have money and they want to invest it.

Traditionally, real estate is more stable than the stock market. This makes it a much more attractive investment for anyone skittish about putting their hard-earned money in the hands of Wall Street sharks.

In addition, the recent and dramatic drops in the Dow Jones have stirred up many valid fears among investors. For that very reason, real estate will continue to be the safer investment—guaranteeing that second-home buyers are here to stay.

Tell your clients about what’s going on. Don’t hold back. Crunch the numbers for them so that they see the incredible value of a second home.

3. People love to own real estate.

The very idea of being a “real estate investor” is enough to make some people purchase a property. Having that label is a sign of prestige, and raises people’s perception of themselves.

Whether or not you find this type of vanity attractive or repulsive, forget about how you think. Again, think like they think. It’s an undeniable fact that such people exist. They love nothing better than to go to cocktail parties and parade their wealth in front of others—describing their properties in detail.

Rather than despising these people for their snobbery—which many of us fall into the habit of doing—learn to love them for their ability to supercharge your business. With just a handful of wealthy investors as clients, a real estate agent can make a fortune.

4. Second-home communities are creating rental income possibilities for investors.

Many developers of second-home communities know that by including certain services, investors will take advantage of the additional income they may receive. Services such as having a concierge on duty 24/7. Or rental pools that encourage owners to rent during the off-season.

Developers have known for a long time that there is a huge market of second-home investors out there. By installing such services from the get-go, they maximize the potential of their community to attract them.

They know people will rent when they’re not there. Why pretend they’re not going to? Now, they encourage them instead. It’s a win-win for both the developer and the investor.

5. Having the ability to purchase a second home is an attractive trait to lenders.

Remember that second-home buyers have a solid track record being the owner of a first home. If a mortgage is all paid for and the buyer is looking to invest in a second one, then chances are this is a good client for the lender. It’s just plain easier to find financing if you already own a home.

Add in possible rental income and lenders become even more enthusiastic.

Side note: I know many of you reading this are struggling with mortgage payments of your own and can’t imagine buying a second home, especially in the current economic climate.

But in order to function best as a real estate agent, think outside of yourself. Think like an investor with a lot of capital. Where would you rather put your money—in volatile stocks or in a second home that you know will appreciate in value over the next 20 years?

As a real estate agent, what an opportunity it is to educate your wealthy clients about the value (and joy!) of investing in a second home rather than a Wall Street portfolio that has a higher chance of going bust.

Don’t listen to the media. Don’t listen to conventional wisdom. Don’t listen to people in financial trouble.

Second-home buyers are here to stay. Find them. Educate them. Help them make more money. When you do, you’ll see your own bank account grow.

Thank you Denise for allowing me to use the article

Irene

To learn more about buying a second home on Okemo Mountain VT or Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also request a relocation package by clicking here.

Okemo Mountain VT Trivia

2008-02-28T10:49:00.003-05:00

Whether you are an Okemo Mountain VT homeowner or a visitor to the area, you’ll find these fun facts interesting:

- There are 624 acres of skiable area and 117 runs on Okemo Mountain
- Lift tickets were 20 cents in 1956, when operations first began
- Okemo is Native American for “All Come Home”
- The summit is 3,344 ft.
- A “Beach House” used to be at the top of the mountain instead of the Summit Lodge that stands now
- The trail Home Stretch used to be named Ugh

To learn more about Okemo Mountain VT or Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also request a relocation package by clicking here.

Vermont Investment Property

2008-02-24T06:57:00.003-05:00

Chester, Vermont Seven Unit Apartment House The house is approx 120 years old, the two back apartments were added about 20 years ago they are 3 bedrooms each with their own furnace and hot water heater tenants pay their own heat and hot water. The main roof of the house is slate The roofs over the porches are asphalt. The foundation is stone - there are 2 basements, one for the front apartments with the main furnace and water heater and one for the back 2 apartments with their own water heaters and furnaces. Each basement has an outside entrance bilko doors. The outside of the house is Clapboard. The outside of the front potion of the house was painted during the renovations. The front of the house has mostly original windows, some storm windows. The house is heated with oil throughout. There is no gas. All the stoves are electric and all the tenants pay their own electricity. There is town water and sewer. The house is on approx 1.5 acres of property with parking for 12+ cars along the side and in the back, it is on a main street (rte 103), across from Chester Town Hall; an ideal location, walking distance to store. Good Numbers! Call or e-mail for more info. Owner/broker
MLS #2801839

Ludlow VT Home Buyers – Why Get A Home Inspection

2008-02-22T10:05:00.002-05:00

Buying your Ludlow VT home is one of the most significant decisions and biggest investments you will ever make. A professional home inspection will enable you to learn a great deal about a home, help give you peace of mind and answer some important questions. Whether you are buying or selling, you will have the benefit of knowing the ins and outs of a particular home.

Homebuyer Benefits:
You will gain an education of the home, top to bottom, so that you will know exactly what you are buying.. This information will help you to buy with confidence knowing that a true professional has carefully evaluated and inspected your future home.

Home Seller Benefits:
For sellers, a pre-listing inspection can detect previously unknown problems or potential upgrades that you wish to address prior to selling your home. Being aware of issues in advance will allow for disclosure of problems, which can result in smoother transactions for all parties.

Good Hiring Practices:
1. Hire a Professional.
Confirm your home inspector is a member of American Society of Home Inspectors (ASHI) – http://www.ashi.org/ and National Association of Home Inspectors (NAHI) http://nahi.org/.

2. Obtain a printed report.
Make sure you are given a complete, written report of your inspection results, preferably with photos included.

3. Attend the inspection.There is no substitute for the being at the inspection. The report provided is only a part of the inspection. When you attend the inspection, you can ask questions, and become more familiar with your home, you'll gain greater comfort and confidence in your buying decision.

If you are ready to take advantage of the current Ludlow VT real estate market, please begin by calling me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching the MLS here.

Ludlow VT Real Estate Update

2008-02-14T10:35:00.002-05:00

With the first month of 2008 complete, experts have begun to speculate on how the real estate market will fare for the rest of the year. A continuation of soft market conditions is forecast for existing-home sales in the months ahead, with improvement expected by the second half of this year if loan limits are increased, according to the latest forecast by the National Association of Realtors®.

Lawrence Yun, NAR chief economist, said sales activity is expected to remain soft through the first half of the year despite a generational low in mortgage interest rates. “Existing home sales have moved narrowly since last September, but when the full impact of higher loan limits for conventional mortgages begins to impact the market there is likely to be a notable rise in home sales and prices,” he said.

If you are ready to take advantage of the current Ludlow VT real estate market, please begin by calling me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching the MLS here.

Calling all Farmers and Horse Owners - New Listing

2008-02-10T13:47:00.000-05:00

1800's authentic Vermont Farmhouse on 227 acres, in Topsham Vermont, just waiting to be restored (but can be lived in now)! There are mostly new windows and some new wiring - 5 bedrooms, plus extra rooms. There is a 165ft barn, with electric and water and 8 bays, hay storage for about 5000 bales. Some of the land fronts the Waits River, has about 100 acres of hay land, pastures, a pond, apple orchard, trees and views! Close to Snow mobile trails. Included is a newer (2000) 3 bedroom, 2 bath doublewide to live in, while enjoying the beauty, the wildlife and watching the farmhouse come back to life. This land is perfect for organic farming!

Go to: http://isellvermontrealestate.com/ for more info or e-mail Irene at: Irene@isellvermontrealestate.com

In a Buyer’s Market, Seek Incentives!

2008-02-08T14:02:00.000-05:00

A “buyer’s market” occurs when there are a lot of homes for sale and they are staying on the market for a long time. During times like this, home buyers are in a great position to negotiate for lower prices and incentives.

The guidelines for buyers' incentives vary among loan options, so make sure to get pre-qualified first so you can ask your loan officer about the allowable incentives for your loan program and down payment.

So, what can you ask for? Here are some ideas:
If you are putting ten percent or more down, you can ask for up to six percent of the price of the home. If you are putting less than ten percent down, you can ask for three percent of the price. This “cash back” could be used to cover your non-recurring closing costs (things like points and mortgage fees that you only pay one time), or to cover the cost of extensive repairs to the home, if they are needed. Most loan programs will only allow you to apply incentives toward non-recurring closing costs. Your Realtor will make sure that the incentive request is spelled out clearly and thoroughly in your offer to purchase the property.

If you are paying cash for a property, you have much more negotiating power when it comes to the selling price if you state in the offer that you will be paying cash. In a buyer’s market, sellers are generally seeking a quick and “painless” sale: i.e., one where they do not have to worry that the deal may fall through due to credit or loan problems.

When asking for incentives in an offer, it is important to make sure you do not get taken advantage of by a lender who may inflate your loan costs to “use up” the incentives you negotiated. An experienced and perceptive Realtor will be able to help make sure you are protected.

It is important to avoid “loading up” your offer with a lot of contingencies (such as offering to purchase the home, but only after your current home has sold), especially when you are pursuing incentives. Doing this makes it less certain you will actually close, so a seller will be less likely to offer financial incentives in hopes of a quick sale. The one contingency you always want to include, especially in a buyer’s market, is that your offer is contingent upon the property appraising at or above the purchase price by the lender's appraiser.

For more information about Ludlow VT real estate, please visit IsellVermontRealEstate.com or call me at 802-353-1983. To receive a complimentary e-book on moving or preparing to sell your home, please click here!

More Interest Rate Cuts – What Does It All mean?

2008-01-31T20:28:00.000-05:00

When the Fed lowers interest rates, as it continued to do this week, everyone gets excited and there is a lot of buzz about the real estate market. But – when it comes to you and me – what do these lower interest rates really mean? Here are some examples:

Homeowners: If you already have an adjustable-rate mortgage (ARM) on a home, you could save hundreds of dollars a month if your loan is pegged to Treasury rates, which have fallen considerably thanks to the Fed's recent cuts. The catch is that many buyers in more expensive areas resort to “jumbo loans,” which are typically pegged to slower-moving indexes that remain elevated. If you have a fixed-rate mortgage (not a jumbo loan), you could consider the cost of re-financing (think origination fees, appraisal fees, closing costs) against the savings of a lower interest rate for your monthly payment.

Borrowers: Several banks lowered their prime rate, which forms the foundation for car loans, home equity lines and other loans. But you must carry a whopping $5,000 credit card balance to save just $12.50 annually from a quarter-point rate cut.

Consumers: Lower rates threaten to boost inflation and the price of imports. So far, inflation has been held in check, and foreign companies generally are holding the line on prices.

Savers: Falling interest rates normally would whack rates on CDs and other savings. But the cash crunch has spurred many banks to prop up such rates.

Travelers: International vacations and business trips cost more because the dollar has sagged in the wake of the Fed's cuts. But it could be buoyed if other central banks trim rates.

In short, unless you are about to purchase a new home and can take advantage of the new lower interest rates by locking in a fixed-rate mortgage now, you may not end up seeing a whole lot of benefit to the interest rate cuts.

To learn more about Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching the MLS here!

Okemo Mountain VT Vacation and Investment Home Taxes

2008-01-25T16:13:00.000-05:00

Continuing with last week’s discussion about preparing for tax season, I wanted to spend some time this week covering issues related to paying taxes on vacation homes. Many homeowners in the Okemo Mountain area use their property as a vacation home – but can these homes truly be claimed as vacation properties?

This article from RealEstateJournal.com answers this and other important questions, such as:
When and under what circumstances do I have to pay taxes on rental income?
What sort of deductions can owners of rental properties take?
If my vacation home is considered a secondary home (not a rental home), what deductions can I take?

Once you have determined which category your property qualifies as, there is a helpful chart in the article that will give you an idea of what to expect as far as property taxes this year.

Other helpful links on this topic:
IRS Publication 527: Residential Rental Property
IRS Tax Topic 415: Renting Residential and Vacation Property
IRS Publication 925: Passive Activity and At-Risk Rules

To learn more about owning an Okemo Mountain vacation home or Ludlow VT real estate, please call me at 802-3531983 or visit ISellVermontRealEstate.com. You may also begin searching the MLS here!

Getting Ready for 2008 Tax Season

2008-01-17T11:26:00.001-05:00

It’s official – tax time is upon us. If you are like many Americans, just the thought of getting organized enough to start the paperwork can be overwhelming.

This article from BankRate.com details 7 steps to help get you ready to file your 2007 taxes. I’ve listed the steps below, but please check out the article for more helpful hints!

- Prepare for the arrival of your records (designate an envelope or folder to store all of the records you’ll receive in the mail)
- Track down social security numbers (make sure you have the correct SSN’s for everyone in your family)
- Find your forms (if you are not filing electronically, download the necessary forms or pick them up at a post office)
- Decide how you want to do your taxes (Do-it-yourself or hire a pro? Paper and pen or computer software?)
- Consider electronic filing (find out if you qualify for Free File!)
- Use direct deposit (it may not be as exciting as receiving that refund check in the mail, but it’ll save you a trip to the bank!)
- Don’t panic!

I’d like to add my own advice: if you bought or sold a home in 2007, pull out those closing documents and start making copies! You will need to provide proof of your purchase or sale (usually a closing statement will suffice), along with any loans that were taken out or paid off in 2007. If you have lost any of these important documents, contact your Realtor who can help you track them down.

If 2008 is going to be the year for you to invest in a home of your own, please visit ISellVermontRealEstate.com and begin searching Ludlow VT real estate here. You may also call me at 802-353-1983.

Get The Latest Okemo Mountain Ski Conditions!

2008-01-10T14:25:00.000-05:00

Ski season is in full swing here in the Ludlow VT area. Whether you live here or are visiting Okemo Mountain, chances are you want to know the latest details about the snow conditions on the slopes. This snow report is updated regularly and – best of all – you can even sign up to have the report sent directly to your cell phone or email! You’ll be the first to know when the powder’s fresh or when the slopes are closed.

To learn more about Okemo Mountain or Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. You may also click here to receive one of my complimentary eBooks on buying or selling your home.

2008 Ludlow VT Real Estate Predictions

2008-01-03T14:12:00.000-05:00

Happy New Year, Ludlow! I hope that everybody enjoyed a very happy holiday season and that 2008 is off to a great start for you and your family.

The National Association of Realtors has published its predictions for the 2008 housing market, and the data looks positive so far. Most noteworthy is the trend toward improving existing home sales.

Lawrence Yun, senior NAR economist, said “Now that mortgage conditions have improved, some postponed activity should turn up in existing-home sales over the next couple of months, and I expect sales at fairly stable to slightly higher levels.”

Existing home sales are expected to rise to $5.7 million in 2008 – making it the fifth highest year on record. Existing home prices, which declined 1.9% to a median of $217,600 in 2007, are expected to go back up about .3% in 2008. As Yun noted late in 2007 “even with a modest decline in the national aggregate price this year, it’s important to keep in mind that nearly two-thirds of the metro areas in the US are showing price increases … the apparent disparity results from fewer sales in high-cost areas, so a change in the mix is dragging down the national median home price.”

To find out the latest trends in Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. To begin searching for Okemo Mountain VT homes, please use my complimentary MLS search.

Real Estate Resolutions for 2008

2007-12-28T12:41:00.000-05:00

I hope that everyone has enjoyed a happy and safe holiday season thus far. With the new year upon us, however, it is time to face the inevitable: the New Years Resolution. In 2008, why not make a few real estate resolutions? Here are some ideas to get you started:

Know your credit! Make a resolution to stay on top of your credit in 2008. Begin by getting a detailed credit report so that you know where you stand as the year begins. Check again at the end of the year to see how much your credit has improved!
Keep a budget. This can be a difficult one to stick to. Many people start the year with an idealistic budget, but soon let it go out the window – oftentimes, along with any hopes of saving for real estate investment! Begin with a goal of either setting aside a certain amount for a down payment on a real estate investment or putting away enough to make one extra mortgage payment in 2008.
Research real estate web sites. Be a snoop in 2008! Use web sites like mine to keep tabs on what homes in your neighborhood are selling for, where the foreclosures near you are, and what the general market is like in your area. When you are ready to make a real estate investment, you will already have a good feel for the local market.
Out with the old! Even if you are not planning to move in 2008, it never hurts to clean out your closets, garage, or attic and donate to charity. You’ll make your home more appealing to prospective buyers if you are selling, and you’ll feel more organized if you are staying put.

Best wishes for a very happy new year – see you in 2008!

For more information about Ludlow VT real estate, please visit ISellVermontRealEstate.com or call me at 802-353-1983. To begin searching for Ludlow VT homes, please use my complimentary MLS search!

Ludlow VT Real Estate Update

2007-12-20T10:10:00.000-05:00

Attention, home sellers! Even in an uncertain real estate market, there may be good news for you – depending on where you live. The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas. The median is a typical market price – meaning half of all homes sold for more, and half of all homes sold for less.

Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local. “Some metro areas are hot, while others are experiencing localized problems,” he said.

Moving into 2008, we will keep a close eye on the Okemo Mountain area market trends to see how prices affect sales volume. Since the market changes month to month and neighborhood to area, please contact me at 802-353-1983 or visit ISellVermontRealEstate.com to get the latest information on Ludlow VT real estate. To receive a complimentary home value analysis, please click here.

~Best wishes for a safe and happy holiday season!~

The Basics of 1031 Exchange

2007-12-13T10:21:00.000-05:00

Many homeowners have heard of a “1031 Exchange,” but few understand the basics of what an exchange actually entails. Today I want to cover just a few of the basics of the process, as it can be an invaluable method of homeownership for investment homeowners.

What is a 1031 Exchange?
Put simply, it is the sale of one property in exchange for the purchase another property of similar value without the required payment of capital gains tax, all performed within a specific time frame. An example of when you might use a 1031 Exchange, as opposed to selling a home and purchasing a new one outright: you want to sell your current vacation home and purchase a new, similar one that has a few better features. You have not yet owned your current vacation home for two years, so you are subject to substantial capital gains taxes when you sell it. If you were to use a 1031 Exchange, you could “exchange” your current home for a new one and be relieved of the capital gains requirement. It is this difference between "exchanging" and not simply buying and selling which, in the end, allows you, the taxpayer, to qualify for a deferred gain treatment. In a nutshell: sales are taxable with the IRS and 1031 exchanges are not. US CODE: Title 26, §1031. Exchange of Property Held for Productive Use or Investment

Important Rules of 1031 Exchange
1. The total purchase price of the replacement "like kind" property must be equal to, or greater than the total net sales price of the relinquished, real estate, property.
2. All the equity received from the sale, of the relinquished real estate property, must be used to acquire the replacement, "like kind" property.

1031 Timelines and Rules
Identification period – the seller has exactly 45 days from the sale of the original property to identify other replacement property(s) that he proposes or wishes to buy.

Exchange period – the period during which the seller of the relinquished property must receive the replacement property. This period ends exactly 180 days after the date on which the person transfers the property relinquished or the due date for the person's tax return for that taxable year in which the transfer of the relinquished property has occurred, whichever situation is earlier.

If you want to learn more about strategies for buying and selling investment properties, or are interested in Okemo Mountain real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. To request more information about 1031 exchange, please click here and select the reports you would like!

Holiday Décor Goes Green

2007-12-10T09:46:00.000-05:00

“Going green” has been one of the biggest trends of 2007, with more and more homeowners seeking to make environmentally-friendly choices on everything from cleaning products to flooring. So shy shouldn’t our concern for the environment carry over to our holiday decorations this year? If your home is in need of some holiday cheer, here are some “green” ideas to brighten things up:

· Use LED lights – using LED lights to decorate the inside and outside of your home will bring you many benefits. The lights last a whopping 50,000 hours – that means you could actually pass these lights down to your grandchildren some day! Adding to their cost effectiveness is the fact that you will be using 90% less energy with LED bulbs – resulting in an electricity bill that the Griswald family would envy! LED lights are also safer – they don’t produce as much heat and considerably reduce the risk of fire, always a concern during the holiday season.
· Use solar-powered decorations – the “new kid on the block” when it comes to holiday décor, these lights not only save you money on energy – they don’t use any energy at all! Place the solar panels where they can collect light during the day, and the lights will automatically light up when it gets dark and shine for about 8 hours.
· Use mother nature’s decorations – forget going out to shop for decorations. Some of the best décor can be found right in your own backyard! Use a real Christmas tree rather than a manufactured, non-biodegradable one. Even better, buy a young tree with roots and re-plant it after the holiday season! A basket of pinecones make a beautiful and rustic centerpiece, and fresh pine straw can be made into a lovely and fragrant wreath to display.

Happy tree-trimming!

To learn more about Ludlow VT real estate, please visit ISellVermontRealEstate.com or call me at 802-353-1983. To receive a complimentary home value analysis, please click here.

Make Your Ludlow VT Vacation Home Pay For Itself!

2007-11-29T09:25:00.000-05:00

According to this MSN.com article, it could indeed be possible for a vacation home to pay for itself in the long-run.

Investor Christine Hrib Karpinski offers these three basic rules for purchasing and managing a vacation home:

- Vacation homes need to be rented 15 to 17 weeks a year in most areas to break even.
- Internet advertising is essential. Karpinski recommends advertising your home on 3-5 web sites to ensure the maximum amount of exposure.
- Consider cutting out the middle-man and being your own rental agent.

Karpinski also suggests asking yourself these four questions before jumping into vacation home ownership:
· Are you ready to do the research to find the right home in the right area for you?
· Are you willing to give up the use of your property during peak season?
· Are you willing to put in the necessary work, including advertising and maintenance duties?
· Can you hold on if things get tough?

If you are ready to begin your search for a Ludlow VT vacation home, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. Or, click here to sign up to receive automated emails of new listings that match your criteria.

Happy Thanksgiving, Ludlow!

2007-11-21T10:00:00.000-05:00

May your Thanksgiving be blessed with the bounty of the season and the love of family and friends!

We’ll be back next week with more of the latest Ludlow VT real estate news and information! In the meantime, please feel free to contact me at 802-353-1983 or visit ISellVermontRealEstate.com.

Okemo Mountain Rated a Top Ski Destination

2007-11-15T13:48:00.000-05:00

For those of us lucky enough to call the Okemo Mountain area home, we already know that this is a wonderful destination for all sorts of winter activities. But now Ski Magazine has made it official by naming the Okemo Mountain Resort one of the top 10 resorts in the East, and one of the best in North America for grooming and terrain parks!

The readers of SKI recognized the resort’s commitment to providing an excellent snow surface by rating Okemo second in the East for grooming, and number three in all of North America – surpassed only by Deer Valley and sister resort Mount Sunapee, in N.H. In the snow category, Okemo placed fourth in the East.

A complete “Top 50 Resort Guide” appears in the October issue of SKI Magazine or can be seen at www.skinet.com Nearly 7,000 SKI Magazine subscribers responded to the “Top 50 Resort Guide” survey, which was conducted by an independent research firm.

If you would like to call Ludlow VT “home” or even “home away from home,” please visit ISellVermontRealEstate.com, or call me at 802-353-1983. To begin searching Okemo Mountain real estate, please use my complimentary MLS search.

How to Add Light to Your Ludlow VT Home

2007-11-08T13:36:00.000-05:00

We’ve all rolled our clocks back an hour and are beginning to adjust to the earlier onset of evening. In the winter months our homes can seem darker than usual, but there are ways to use the natural light that is available in your home to brighten things up. Money Magazine has published a list of “Do’s” and “Don’ts” for adding light to any home – among the topics covered are:

- Skylights (pick ones that open and choose carefully where to put them)
- Big windows (install them to showcase your best views, but don’t forget to add small windows above or below them that open)
- Window height (put windows high on the wall, but not tight to the ceiling)
- Window grouping (group several windows together, but don’t separate them with fat supports)
- Window shades (install shades in windows that face east, west, and south; avoid using UV-inhibiting coating)

Following these tips for adding light to your home will help to increase your home’s value. To receive a complimentary comparative home value analysis, click here. For more information about Ludlow VT real estate, please visit ISellVermontRealEstate.com or call me at 802-353-1983.

The Lowdown on Ludlow VT Vacation Home Taxes

2007-11-01T09:42:00.000-04:00

If you are considering purchasing an Okemo Mountain VT vacation home in time for ski season, you may be curious about how you will be taxed on the prospective property.

This article from Smart Money magazine explains how you can purchase a vacation home and afford to pay the taxes on it. In addition to covering timeshares and multiple residences, vacation homeownership is broken down into three main groups for tax-related purposes:

· Use a lot, rent a lot (home is considered a personal residence but income must be accounted for)
· Rent a lot, use a little (home is considered a rental property)
· Use a lot, rent a little (home is considered a personal residence and income does not have to be declared)

If you are thinking of purchasing a Ludlow VT vacation home, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. Or click here to see my current listings!

Home Fire Safety in Ludlow VT

2007-10-25T10:16:00.000-04:00

With this week’s news coverage of the devastating fires in California, home fire safety is a most timely topic. Although we may not be at great risk for wildfires here in Vermont, we do tend to enjoy cozying up by the fireplace on a winter’s night – an activity that can be a big fire hazard. An important part of responsible homeownership is being prepared to both prevent a fire in your home and to rescue yourself and your family should there be a fire in your home.

This printable Fire Safety Checklist, provided by FireSafety.gov, is a great resource for determining what fire hazards may lurk in your home, how to reduce those hazards, and what to do if there is a fire. The Today Show also provided some useful tips to ensure homeowners would be prepared to evacuate their homes with little or no notice in the event of an emergency such as fire. These tips include:

Make copies of your documents. Either put them in a waterproof and fire-proof safe, or give the copies to a trusted friend or relative. Make electronic copies, as well. Remember that valuables left in a safe deposit box at a bank could also be destroyed in the case of a widespread natural disaster.
Get your insurance information in order. If disaster strikes, make your claim right away, and be sure to take pictures of the damage.
Prepare an emergency kit. Don’t wait until it’s too late. Gather essential items such as a battery operated radio, bottled water, food, medication, blanket, first-aid kit, etc.
Come up with a family plan. Again, do it now! Make sure everyone knows where the important documents are, and agree on a meeting place in case you become separated.

Many of these items are tips we hear over and over again, but they never really seem useful until a disaster strikes close to home. By the time that happens, of course, it is generally too late to put the tips to use. Preparedness now can save time and, possibly, lives later.

If you are thinking of becoming a homeowner in Ludlow VT, please call me today at 802-353-1983 or visit ISellVermontRealEstate.com. You may also begin searching Ludlow VT real estate here!

Improvement In Mortgage Market Bodes Well For 2008 Housing

2007-10-18T11:23:00.000-04:00

Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.

Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales. “Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages,” he said.

Read the full article here, and remember that the Ludlow VT real estate market is always changing from month to month and neighborhood to neighborhood. For the most up-to-date information about Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com. Also click here to request relocation information!

Visit a Pumpkin Patch in Ludlow,VT!

2007-10-11T14:53:00.001-04:00

The temperature is dropping, the leaves are beginning to change, and autumn is officially in full swing in Vermont. That means Halloween is just around the corner!

A great way to spruce up your home’s curbside appeal during this season is to decorate with a few locally-grown pumpkins – maybe even add some hay and a scarecrow to really get festive! Visiting a local pumpkin patch is also a fantastic way to enjoy the fall weather with your family and get some of those always-cute snapshots of the kids picking out their pumpkins. Why not start a new tradition this year and visit one of these local pumpkin patches?

To learn more about living here and Ludlow VT real estate, please visit my website or call me at 802-353-1983. You can also request complimentary copies of my e-Books here!

Buyers Beware When Investing in Foreclosures in Ludlow VT

2007-10-04T10:24:00.000-04:00

We’ve been covering the hot topic of foreclosures a lot lately, because the number of homeowners defaulting on their home loans has been rising at an unprecedented rate across America. Today I want to look at the topic from a different angle.

While there are many homeowners today who are struggling to meet their mortgage payments, there are just as many would-be investors who are eager to capitalize on the situation by investing in foreclosures and – they hope – selling them for a hefty profit.

This may seem easy on the surface, given the rising number of foreclosed properties; however, potential investors should take the time to understand what they are getting into before heading to an auction or purchasing any bank-owned property.

This article from RealEstateJournal.com covers some of the caveats to investing in foreclosures. If you are investing in a property with the hopes of “flipping” it for a quick re-sale, you should consult an experienced Realtor first to get a clear picture of the current real estate market in your area. Homes may not be selling quickly in your area, which means you could end up with a property that continues to sit on the market while you keep making payments on it. Also, most homes purchased at auction cannot be inspected first, so your new property may come with major structural damage, hidden liens, or utility bills that need to be paid. It is up to the potential buyer to weigh out how much you are willing to invest in improvements over and above the actual price of the property.

If you are thinking of investing in Ludlow VT real estate, please email or call me at 802-353-1983. You can also visit ISellVermontRealEstate.com or begin searching the MLS here. I would be happy to help you invest in your future in Ludlow VT.

How to Avoid Foreclosure in Ludlow VT

2007-09-27T11:58:00.000-04:00

If you have a mortgage on your Ludlow VT home, you have probably been paying close attention to the latest interest rates and are aware of the ongoing rise in the foreclosure rate across America.

What would you do if you were actually faced with the prospect of foreclosure? Would you have the information needed to make an informed decision on your financial future? Many homeowners think it can or will not happen to them, so they do not take the time to learn what the options are on the best way to move forward in a stressful situation such as foreclosure.

This article from FreddieMac.com outlines the terms associated with foreclosure and gives a good starting point with steps to take if you think you may soon be unable to pay your mortgage. Some of the topics covered in this helpful article:
- What to do if you can not pay your mortgage
- What if you can no longer afford to keep your home
- Beware of scam artists

I would like to add to the list of steps to take when facing foreclosure – contact an experienced Realtor! Along with a reputable lender, an experienced Realtor can help explain your options and guide you through the choice that is best for you.

For more information about Ludlow VT real estate, please call me today at 802-353-1983 or visit ISellVermontRealEstate.com, I would be happy to help you. You may also begin searching the MLS here!

How to Write Off Your Move to Ludlow, VT

2007-09-21T06:34:00.000-04:00

Many home buyers are not aware of the fact that most moving expenses for a job-related move are tax deductible. If you want the savings, however, it is extremely important to keep detailed records of all moving expenses, including house-hunting trips, if your move is job-related.

If you are moving more than 35 miles from your current home, you can deduct all kinds of moving expenses, including but not limited to: your family’s travel expenses, including meals and lodging; the cost of transporting furniture, other household goods, and personal belongings; food and hotel bills for up to 30 days in the new city if you have to wait to move into your new home; and the costs associated with selling your old home or leasing your new home.

The IRS’s Publication 521, “Tax Information on Moving Expenses,” provides all of the details on deducting items related to your move, including limits to how much you may deduct. You can download the publication using the link above, or pick it up for free at any IRS office!

Thinking about moving to Ludlow, VT? Start by searching the MLS here, or call me at 802-353-1983 for all of your Ludlow VT real estate needs!

What Is Your Ludlow VT Home Built On?

2007-09-13T12:39:00.000-04:00

Many of us may just think of it as the dirt and grass that our home is sitting on, but the makeup and quality of the soil upon which your home is built is extremely complex and varies from area to area. Investigating the soil on your property can tell you a great deal about the history and future of not only your home, but also about the land you have invested in.

But wait – does this mean we need to put on our ecologist hats and go digging in our yard with test tubes and Petri dishes? Of course not! The nice folks at the US Department of Agriculture’s have already done the “dirty” work for us and put together an extremely comprehensive Web Soil Survey website that contains digital maps and unbelievable amounts of digital soil data that has been methodically collected. Just type in your address and then explore almost anything you ever wanted to know about the soil upon which your home is sitting including chemical properties, erosion factors and likelihood, and its drainage class.

This is valuable information if you are considering building an addition to your existing home or just want to feel confident that the soil upon which your family treads every day is safe.

Please click here to request a complimentary e-book filled with information about selling your home and moving with kids and/or pets. Or feel free to visit my website or email me if you would like to learn more about Okemo Mountain VT real estate. I’m here to help!

How To Finance Your Okemo Mountain VT Vacation Home

2007-09-06T14:43:00.000-04:00

Today’s mortgage market is uncertain, to say the least. Because of this, many investors and second-home buyers are jumping to the conclusion that paying cash is always the best way to finance their investment home.

Paying cash certainly eliminates the risk that comes with rising interest rates and the growing rate of foreclosure. But does it limit the tax benefits of homeownership? And can you really afford to have that much money invested in one asset?

This is the question that was recently posed to columnist June Fletcher in the Real Estate Journal. Read her response and remember that an experienced Realtor is your best resource to help you find a lender who will give you sound, unbiased advice on the best way to finance the purchase of your dream home.

Please click here to begin searching the Ludlow VT MLS. You may also visit my website or email me to learn more about Okemo Mountain real estate. I would love to help you invest in your dream vacation home!

Get Ready For Fall Foliage in Ludlow VT!

2007-08-30T15:08:00.000-04:00

Summer is coming to an end and, in Vermont, that means the beautiful autumn foliage season is upon us.

Visit this web site to see photos of the incredible vibrant colors of fall, get and share tips of where to spot the most stunning foliage, and get started planning a trip to take in the wonders of this perfect season in Vermont. You can also see maps and timetables that show the changing of the leaves through the season so that you won’t miss seeing Okemo Mountain in all of its autumnal glory!

An Okemo Mountain area vacation home is the perfect investment if you find yourself drawn to the splendor of Vermont every year. Please visit my website or email me today to learn how to make your dream a reality!

Tips for Homeowners in Ludlow VT

2007-08-23T10:40:00.000-04:00

The recent coverage of Hurricane Dean and other weather-related disasters across the country should be giving homeowners everywhere cause to take a minute and review their homeowners insurance policies. It is a good idea to look over your policy periodically to be sure you are familiar with all of its details and feel comfortable that you will be protected before a natural disaster strikes or you have to file a claim. Below are 5 tips for understanding your homeowners insurance:

1. Look for exclusions to coverage. For example, most policies do not cover flood or earthquake damage as a standard item – these coverages must be purchased separately.

2. Look for dollar limitations on claims. Even if you are covered for a risk, there may be a limit on how much the insurer will pay. For example, many policies limit the amount paid for stolen jewelry unless items are insured separately.

3. Understand replacement cost. If your home is destroyed you’ll receive money to replace it only to the maximum of your coverage, so be sure your insurance is sufficient. This means that if your home is insured for $150,000 and it costs $180,000 to replace it, you’ll only receive $150,000.

4. Understand actual cash value. If you choose not to replace your home when it’s destroyed, you’ll receive replacement cost, less depreciation.

5. Understand liability. Generally your homeowners insurance covers you for accidents that happen to other people on your property, including medical care, court costs, and awards by the court. However, there is usually an upper limit to the amount of coverage provided. Be sure that it’s sufficient if you have significant assets.

To learn more about homeownership and Okemo Mountain real estate, please visit my website or call me at 802-226-8022.

How Walk-able is Your Ludlow VT Neighborhood?

2007-08-16T12:09:00.000-04:00

This week I came across a website that is just so neat, I had to share it. www.WalkScore.com allows you to type in any address, and it will rate the “walk-ability” of that property by calculating its distance to things like the nearest grocery store, movie theater, library, school, park, and pharmacy.

We all know that walking is important for our health and, with all of the hype over “going green” lately, we know that walking instead of driving when possible is one way that we can all help to save the environment. In fact, it is recommended that adults tread 10,000 steps per day to reap the many benefits of walking. Why not consider the walk-ability of a neighborhood if you are in the market for a new home or a vacation home in Ludlow? Or, if you have recently purchased a vacation home in Vermont, check out the walk-ability to various destinations in your new “neighborhood away from home.”

To learn more about Okemo Mountain real estate and neighborhoods, please visit my website or call me today at 802-353-1983. I would love to help you find a new neighborhood to explore on foot!

Sharing The Cost Of Your Dream Vacation Home in Ludlow VT

2007-08-09T09:49:00.000-04:00

Have you dreamed about purchasing a vacation home near Okemo Mountain Resort? Pictured yourself and your family enjoying the mild summers spent exploring the beautiful outdoors, or the winters spent around the fireplace after a long day on the slopes? Perhaps you’ve pushed these visions back because you assumed you would never be able to fulfill this dream – the burden of a second mortgage for a vacation home may just seem like too much to take on.

But what if you could share the cost of your dream home with friends? You’d still get to enjoy the resort at peak times and, if you decided to put the home in the rental market, you’d still benefit from those proceeds. But the investment and monthly cost of purchasing the home could be cut in half! It seems like everyone would win in this situation.

This article, published recently in the Wall Street Journal Online, lays out the many advantages of sharing home ownership. It also provides good questions to ask yourself before moving into such an investment situation – there are pitfalls to be aware of including the willingness of both parties to delegate control of the property, the future financial stability of both parties, and the comfort level of both parties when it comes to discussing and working out financial and other differences.

I would love to help you make Okemo Mountain Resort your home away from home. Please call me at 802-353-1983 or visit www.ISellVermontRealEstate.com to get started with your search for Okemo real estate!

Back To School in Ludlow, VT

2007-08-02T10:12:00.000-04:00

The summer is flying by – as it always seems to do – and it is almost time to start thinking about sending kids back to school again!

Whether you are new to the Ludlow area or already have kids in school here, now is the time to take a good look at how the schools are measuring up.

Below is a link to reports and data on Vermont schools – does YOUR child’s school make the grade?

Vermont School Reports

To learn more about moving your family and Ludlow VT real estate, please call me at 802-353-1983 or visit www.ISellVermontRealEstate.com.

10 Ways to Make Your House in Ludlow VT More Saleable

2007-07-25T15:41:00.000-04:00

1. Get rid of clutter. Throw out or file stacks of newspapers and magazines. Pack away most of your small decorative items. Store out-of-season clothing to make closets seem roomier. Clean out the garage.

2. Wash your windows and screens to let more light into the interior.

3. Keep everything extra clean. Wash fingerprints from light switch plates. Mop and wax floors. Clean the stove and refrigerator. A clean house makes a better first impression and convinces buyers that the home has been well cared for.

4. Get rid of smells! Even if you think you house does not have smells, spring for a good carpet and drape cleaning to eliminate any possible cooking odors, smoke, and pet smells. Keep the windows open when possible (if road noise is not an issue).

5. Put higher wattage bulbs in light sockets to make rooms seem brighter, especially basements and other dark rooms. Replace any burnt-out bulbs.

6. Make minor repairs that can create a bad impression. Small problems, such as sticky doors, torn screens, cracked caulking, or a dripping faucet, may seem trivial, but they’ll give buyers the impression that the house isn’t well maintained.

7. Tidy your yard. Cut the grass, rake the leaves, trim the bushes, and edge the walks. Put a pot or two of bright flowers near the entryway.

8. Patch holes in your driveway and reapply sealant, if applicable.

9. Clean your gutters. Remove any debris such as pine straw that has accumulated on the roof.

10. Polish your front doorknob and door numbers. Remember, the door is the first part of the home potential buyers see!

For more information about real estate and selling your home in Ludlow, VT please call me at 802-353-1983 or visit my Web site http://www.isellvermontrealestate.com/. I would love to help make your home more saleable!

Summer Fun in Ludlow, VT - Part 2

2007-07-19T15:04:00.000-04:00

In continuing with the theme of curing kids’ summertime boredom, I’ve compiled a list of ways to get your children outdoors and exploring the beautiful natural surroundings of Ludlow, VT:

1. Go on a Bug Hunt Equip your child with a baby food jar or bug jar and encourage them to look for natural life around them. Look under leaves & stumps (be sure to turn them back over), on tree trunks & leaves and in flowers. Handle the bugs gently and let them go when you are done. Name your favorite bug according to its colors, the way it moves or something different about it.

2. Listen to the World Around You Have your child sit and listen to the sounds of nature by closing their eyes, and counting on their fingers the different sounds they hear. Compare natural vs. unnatural sounds. Try this in several different habitats such as in a field, near a pond and in a forest and compare the kinds and numbers of sounds heard.

3. Look at Nature Before a visit to a park, have your child decorate two toilet paper rolls. Staple them together to make mini-binoculars. Take them outside for a game of "I Spy" looking for items from nature. Look for things near by, in middle range and far away.

4. Get a New Perspective Have your child lie face upward under a large tree. Have them look into the branches. Can they see the top branch? What patterns can they see? What other things are present? They can pretend to be the roots of the tree in the soil. What do they feel like? What animals can they see moving around in the tree?

5. Use Imagination Choose an area with natural ground coverings such as leaves, cones, wild grass etc. and sit down. Give your child 6 short pieces of straw or toothpicks. Have them pretend to shrink down to the size of an ant with you. Their job is to lead a nature walk for creatures the size of an ant by choosing 6 interesting things along a one meter stretch of ground. Encourage them to use their imagination!

6. Wet Noses Wet the underside of your child's nose with a small wet sponge. This improves their sense of smell just as it does for deer and rabbits. Find familiar smells such as flowers to try, then go on to other things like rubbing a leaf between your fingers and smelling or scratching a pine needle. Also try moss, bark, pitch or grabbing an handful of leafy soil etc.

7. Discover Color in Nature Get 10 old paint swatches of various natural colors from a paint store. Cut them into individual squares and take these and your child to a natural area. One at a time, have your child look for each color in nature. You will be amazed at what colors you can find if you really look!

8. Touching Nature Blindfold your child and lead them to a tree to get to know it by feeling the bark texture, finding branches and any other way to recognize a specific tree without looking at it. Still blind-folded, lead your child back to where you started. Now take off the blindfold and have them try to find their tree using their sense of touch to confirm it. What other senses helped them to locate their tree? (sounds, sense of balance, smells, warmth etc.)

9. A Night time Experience Go with your child to a safe natural place at night. Cover your flashlight with red plastic so you won't startle the animals. Try out some of the ideas above to learn about plants & animals of the night. It takes about 20 minutes for your eyes to fully adjust from bright light to darkness.

10. A Rainy Day Experience Dress to stay dry but with your hands free (no umbrellas) and go out on a rainy day with your child. Peek into puddles. Llisten for bird & frog calls. How many kinds of raindrops can you see? Can you find plants with a drip tip? Try to find out where animals go when it is raining.

For more information about living and real estate in Ludlow, VT please call me at 802-353-1983 or visit my Web site http://www.isellvermontrealestate.com/.

Summer Fun In Ludlow, VT – Part 1

2007-07-15T14:22:00.000-04:00

Summer is in full swing and as the novelty of being out of school begins to wear off, most parents are bracing themselves for the inevitable “I’m booooored” that is just bound to come out of their children’s mouths soon. Luckily, beautiful Ludlow, VT has more to offer than just wintertime fun!

Below are links to several fun things to do with your children this summer to get them outside and enjoying this perfect time of year in Ludlow:

• State parks in southern Vermont
• Places to hike in south/south central Vermont
• Places to fish in south/south central Vermont
• Museums to visit in Vermont
• Factory tours in Vermont
• Go on a llama hike in Vermont!

For more information about living and real estate in Ludlow, VT please call me at 802-353-1983 or visit my Web site www.ISellVermontRealEstate.com. Happy trails, and here’s to an exciting second half of the summer!

Irene Earns Quality Service Certified Recognition!

2007-07-14T14:54:00.000-04:00

I am pleased to announce that I have recently completed the requirements to earn Quality Service Certified professional recognition. What does this mean for you? Well, in a nutshell it guarantees that the service you receive from me will be consistent, reliable, responsive and exceptionally satisfying. It also means:

I participate in a service process that results in the best real estate experience possible for you. To earn the Quality Service Certified designation I have met training and performance standards, and I maintain those standards on an on-going basis.

My services are spelled out in the Quality Service Guarantee that shows you exactly what to expect—from an initial counseling session to after-sale service follow-up.

I will remain accountable to you throughout the home finding or selling experience to do everything I promise. That includes giving you the opportunity to evaluate my service through a Quality Service Assurance Survey © conducted by an independent research firm.

If you are contemplating buying or selling a home, you have a lot to think about, and the last thing you want is confusion and uncertainty. You can have greater confidence and peace of mind knowing that I will be with you every step of the way.

To experience the Quality Service Guarantee for yourself, or to find out more about Ludlow VT real estate, please visit ISellVermontRealEstate.com or give me a call at 800-659-1819, ext. 103. I’d love to show you what true quality service is all about!

Vermont Homeowners Insurance & The Fire Station

2007-07-07T15:13:00.000-04:00

So what does the location of my Vermont home have to do with the fire station?

Most insurance companies will ask the proximity of your home to the nearest fire station or fire hydrant. The closer together they are the cheaper the insurance.

The theory behind this is, if there were to be a fire, the closer the house is to the fire station, the faster the response time and the less damage done to the house.

Often, your insurance agent will ask you how far the house is from the fire station and if you are like most new home buyers, you don't have any idea. This link shows the name and address of all Vermont fire departments. After locating the fire department for your town, you can map the distance from your house to the fire station.

For more information about homeowners insurance or Ludlow VT real estate visit ISellVermontRealEstate.com or give me a call at 800-659-1819. I'm glad to help!

Ludlow July 4 Fireworks

2007-06-29T17:28:00.000-04:00

If part of your annual Independence Day celebration includes watching fireworks, you can enjoy them at West Hill Park in Ludlow. The fireworks display begins at dusk with children's games during the day.

Location: West Hill Park.
Time: Dusk.
Information: 802-228-5830.

See you there!

For Ludlow real estate information, visit ISellVermontRealEstate.com.

Homes That Save Buyers Money

2007-06-22T02:05:00.000-04:00

This article by Linda Legner was posted on the Vermont Association of Realtor website and I thought you would find it informative:

More buyers are taking the environment into account when searching for a home—they’re looking for earth-friendly features that translate into lower energy bills and less pollution.
This growing trend gives you the opportunity to make your listing stand out from the rest by calling attention to all of its energy-efficient amenities, from properly-sealed windows to Energy Star appliances.

Whether your listing is a brand new condo or an old Victorian, just a bit of investigating can uncover many “green” features that will grab buyers’ attention. Use this list to identify areas of the home where energy efficiencies may be lurking:

Appliances and lighting. From the laundry machine to the dining room chandelier, energy-efficient products are proven to save money and consume less energy. To confirm that various products outperform average standards, look for the blue-and-white Energy Star label. The U.S. Environmental Protection Agency issues this designation only to products that are among the most efficient on the market. The Energy Star Web site provides a comprehensive list of all Energy Star Qualified Products.
Insulation. Air leaking through exterior surfaces—such as walls, windows, the roof, and the floor—can waste 25 percent to 40 percent of the energy used to heat or cool a home, according to Energy Star. Local building codes and the U.S. Department of Energy specify acceptable insulation, measured in R-values. The higher the R-value, the more effective the insulation. If your listing has insulation that surpasses local standards, that’s an advantage you can tout to potential buyers. Be sure to mention insulation installed in attics and crawlspaces. Also, don’t forget to point out wraps, sealants, foams, and tape installed to reduce air moving through the gaps around framing, piping, electrical wiring, and outlets.
Windows. Depending on the climate and total glass area, windows account for 25 percent to 50 percent of a home’s heating and cooling needs. But technological advances in window materials mean much better energy efficiency. U-Factors rate insulating ability for windows; the lower the U-Factor, the better the insulation of the window. Typical U-Factor values range from 0.25 to 1.25. If your listing has insulated window frames or frames made of low-conductance materials (wood, vinyl, or fiberglass), you should call out these features to potential buyers.
Heating and cooling systems. Efficient heating, ventilation, and air conditioning equipment consumes less fuel, emits less pollution, and generally requires less maintenance. A furnace’s heating efficiency is measured by the annual fuel utilization efficiency rating, or AFUE. The U.S. Department of Energy requires all furnaces sold in the United States to have a minimum AFUE rating of 78 percent, which means that the furnace converts 78 percent of the fuel to heat. Only ratings of higher than 90 percent earn the Energy Star label. Similarly, air conditioners should have at least a 10 seasonal energy efficiency ratio, or SEER. Energy Star requires a SEER rating of 12 or higher.

If the home has zoned systems that allow different areas to be heated and cooled separately, let potential buyers know that these features deliver additional operating savings. Point out programmable thermostats with timers and variable-air controls, as well as ceiling fans. Let buyers know if a fireplace has glass doors and a heat-air exchange mechanism, which returns warmed air to the room instead of letting it escape. And don’t forget to promote radiant flooring, which heats from the ground up and eliminates the draft and dust problems associated with forced air heating systems.

Landscaping. Well-done landscaping can greatly reduce heating and cooling costs, protect the home from winter wind and summer sun, and help control noise and air pollution. Also, some species of trees, bushes, and grasses require less water than others, or are naturally more resistant to pests so they require fewer pesticides. Learn what kind of plants and trees are growing around the house and promote all of their benefits to buyers. For more details on what to look for, visit Landscaping for Energy Efficiency, an online guide from the U.S. Department of Energy.
The entire house. Some new homes are rated for overall efficiency by the Energy Star program. A new home certified through the Energy Star program performs at least 30 percent more efficiently than houses built to the 1993 Model Energy Code (or 15 percent more efficient than your state energy code if that is more stringent). The Energy Star designation is verified by an accredited home energy rater and displayed on the inside of the circuit breaker.

Learn More

Energy Star ProgramThe U.S. Environmental Protection Agency introduced Energy Star in 1992 to identify and promote energy-efficient products to reduce greenhouse gas emissions. The label is now on appliances, lighting, home electronics, and other products. It also covers new homes and commercial and industrial buildings.
Glossary of Energy-Related TermsThe acronyms alone can be confusing! If you can’t recall what AFUE measures or what SEER stands for, come to this glossary for clarification. You’ll also find definitions for hundreds of energy-related words.
Energy Savers: Tips on Saving Energy & Money at HomeThis site, from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy, offers energy-saving tips for all areas of the home, plus a variety of booklets you can download and print in English or Spanish.
Energy Efficiency and Renewable EnergyThis portal site by the U.S. Department of Energy provides links to other Web sites and online information on energy efficiency and renewable energy.

Besure to visit my website for all your Ludlow VT real estate needs.

Happy Fathers Day

2007-06-15T09:51:00.000-04:00

Father's Day is this Sunday. In honor of all the fathers and father figures, I’d like to share a short three minute movie titled: To A Child Love Is Spelled T-I-M-E. It’s one of my all time favorites, and it takes my breath away every time I watch it!

So sit back, turn up your speakers and click on the link below. And please share it with friends, family members and co-workers. They’ll love you for doing it!

Click here to watch the movie

Five Tips to Buyng A Second Home

2007-06-11T06:05:00.000-04:00

Many new home buyers in Vermont are second home buyers, buying a vacation home. Vermont seasons have something for everyone...terrific skiing in the winter, perfect maple syrup making weather in the spring, warm days and cooler mountain evenings in the summer, and gorgeous foliage in the fall.

Purchasing a Vermont vacation home is an exciting venture, but there are some things to think about that are different than when you purchased your primary residence.

1. What is the travel time between your primary home and the second home location? Is it a doable drive or travel distance, or will it become a deterrent to actually enjoying your vacation home?

2. What type of activities does the vacation home location offer and are these activities of interest to you? It is a good idea to visit the vacation home location at various times of the year to get a better idea of what the area is really like.

3. If you are financing your vacation home, interest rates are generally higher and down payments larger. I am glad to put you in touch with a local lender for you to talk loans with.

4. The interest paid on the mortgage for your vacation home is tax deductible, if you don't rent it out for more than two weeks a year. But unlike your primary residence, the profit you make from the sale of the property is subject to capital gains. One way around capital gains is to sell your primary residence, move into your vacation home and live there for two years before you sell it.

5. Insurance is another consideration. Homeowners insurance in a vacation home is usually higher than on your primary residence because it is vacant for much of the time.

One of the best recommendations I have for you is to get the assistance of a well qualified Realtor who knows the area who has lived in the area for awhile. If you are thinking of buying southern Vermont vacation home, I'm your Realtor!! Give me a call at 800-659-1819 # 103 or visit my website. I am a long time resident of Vermont and a long time Realtor. I'd love to help you buy your dream Vermont vacation home!

Vermont Interest Rate Update

2007-06-02T05:27:00.000-04:00

It's time to check out interest rates, as I haven't reported on them recently. Historically, interest rates go up in the spring, but we haven't seen much movement this spring which is good news for Vermont home buyers.

Freddie Mac's weekly Primary Market Mortgage Survey reports a slight increase in rates this past week due to economic growth outside of the housing market, with a healthy consumer sector and improving business spending.

Interest rates this past week on a 30-year fixed-rate mortgage averaged 6.42 percent compared to the previous week's rate of 6.37 percent. This time last year, a 30-year fixed-rate mortgage averaged 6.67 percent.

Are you shopping for a mortgage for your Vermont home? This can be a daunting process, but I am glad to refer you to a reputable, knowledgeable and competitive mortgage lender who will take the time to explain your loan options to you. This will allow you to make an educated decision about which home loan is best for you. Just give me a call at 800-659-1819 #103. I'm here to help.

Be sure to visit my website to learn more about mortgages and the home buying process.

Freedeom Isn't Free

2007-05-26T05:41:00.000-04:00

No, Freedom Isn't Free
By CDR Kelly Strong, USCG (Ret).

I watched the flag pass by one day.

It fluttered in the breeze.

A young Marine saluted it,

And then he stood at ease.

I looked at him in uniform

So young, so tall, so proud,

With hair cut square and eyes alert

He'd stand out in any crowd.

I thought how many men like him

Had fallen through the years.

How many died on foreign soil?

How many mothers' tears?

How many pilots' planes shot down?

How many died at sea?

How many foxholes were soldiers' graves?

No, freedom isn't free.

I heard the sound of taps one night,

When everything was still

I listened to the bugler play

And felt a sudden chill.

I wondered just how many times

That taps had meant "Amen,

"When a flag had draped a coffin

Of a brother or a friend.

I thought of all the children,

Of the mothers and the wives,

Of fathers, sons and husbands

With interrupted lives.

I thought about a graveyard

At the bottom of the sea

Of unmarked graves in Arlington.

No, freedom isn't free.

60 Minutes Attack On Realtors

2007-05-18T15:00:00.000-04:00

I have always enjoyed 60 Minutes and thought they provided fair and unbiased reporting. But that changed Sunday night with Leslie Stahl's segment, Chipping Away At Realtors Six Percent.

The report focused on an Internet based company, Redfin, whose business model is based on rebating commissions to buyers. The company uses the very commissions Redfin criticizes Realtors for collecting to its advantage. From what I could tell, without these commissions Redfin has nothing to offer the consumer.

Much of the information presented in the segment was incorrect and the National Association of Realtors was not interviewed to give another viewpoint, even though they offered more than once.

NAR's response to 60 Minutes can be read here.

Energy Efficient Homes

2007-05-12T07:21:00.000-04:00

As we become more aware of how fragile our environment is, we are becoming more concerned with improving the efficiency of our homes. One way to do this is to conduct a Home Energy Audit to determine how and where we can save.

If you are considering building a new Vermont home, you might want to consider working with a builder who uses Energy Star products. They use less energy, save money, and help protect the environment.

Give me a call at 800-659-1819 #103, if you want more information concerning building a Vermont home. I am glad to put my experience and expertise to work for you.

Irene Gaffigan Earns Quality Service Certification (QSC)

2007-05-07T07:31:00.000-04:00

For the first time a standard of service and accountability is being offered to consumers in the area of the quality of real estate service delivery. Irene Gaffigan of United Country Farm Town Realty, Proctorsville office, has just completed the requirements to earn Quality Service Certified® professional recognition. Holding the Quality Service Certification® requires a sales agent to follow a well-defined and prescribed process of service, to present that process in writing to every customer and client, and to guarantee its delivery.

According to Larry D. Romito, President, CEO of Quality Service Certification, Inc., “ Irene Gaffigan has joined a growing number of real estate professionals nationwide who are committing to the delivery of a defined service process and a higher standard of accountability in service delivery and customer satisfaction. This is an industry breakthrough in the establishment of a measurable standard of care and service.” An integral part of the sales agent’s ability to maintain Quality Service Certified® status, rests with service evaluation feedback from every buyer and seller served. Following the closing of each home purchase or home sale, an independent research company sends the consumer a Quality Service Assurance Survey? asking tough questions about the details and overall satisfaction of service provided by the sales agent and broker.

“Sales associates and brokers are highly motivated to protect their Quality Service Certified® status by delivering better service satisfaction, more service value and higher accountability. The Quality Service Certified® total service system offers a predictable, accountable, reliable, and consistent service outcome.” Romito added, “The era of real estate service ‘improv’ is coming to a close. The purchase or sale of what for most of us is our most valuable asset deserves the serious attention and accountability of a defined, written and communicated service process with measurable standards and that’s exactly what a Quality Service Certified® professional must deliver.”

Quality Service Certification, Inc. of San Juan Capistrano, California is the leading firm in service process delivery and measurable quality control in the real estate industry. Company spokesperson can be contacted at (949) 481-4438 or http://www.qualitycertified.org/.

How To Sell Your Vermont Home Fast!

2007-05-05T09:51:00.000-04:00

The number of Vermont homes for sale has increased dramatically in the last year, causing homes to stay on the market for longer periods of time. If you are selling a home and want it to sell FAST, you'll be interested in my FREE e-Book, '450 Ideas To Sell Your Home Faster'. Here you will learn tips and tricks to make your home sell faster and for more money.

Get your copy today and give me, Irene Gaffigan, a call at 800-659-1819 #103 with any questions you might have or to get a current market valuation on your Vermont home.

Second Home Tax Rules

2007-04-27T10:26:00.000-04:00

Vermont has seen an influx of second home buyers in the past few years. Here are some second-home tax rules to keep in mind.

Mortgage interest.
The mortgage interest you pay on your second home is tax deductible just as the interest on the mortgage on your first home is.

You can write off 100% of the interest you pay on up to $1 million of debt secured by your first and second homes and used to acquire or improve the properties. (That's a total of $1 million of debt, not $1 million on each home.)

However, if you rent your second home for more than 14 days a year different rules apply. See below.

Property taxes.
You can deduct property taxes on your second home, too. In fact, you can deduct property taxes paid on any number of homes you own.

Renting.
If you rent your second home out for 14 or fewer days during the year, you can pocket the cash tax-free. The house is considered a personal residence, so you deduct mortgage interest and property taxes just as you do for your principal home.

If you rent for more than 14 days, though, and you must report all rental income. You also get to deduct rental expenses, and that gets complicated because you need to allocate costs between the time the property is used for personal purposes and the time it is rented. Taxes are based on the amount of time the house is rented and it is a good idea to talk with your accountant concerning details.

Tax-free profit.
You are allowed to take up to $500,000 of profit tax free when selling your principal residence. However if you make your second home your principal residence, you can extend this deduction.

Some retirees, for example, are selling the big family home and moving full time into what had been their vacation home. Once you live in that home for two years, up to $500,000 of profit can be tax free. (Any profit attributable to depreciation while you rented the place, though, would be taxable. Depreciation reduces your tax basis in the property and therefore increase profit dollar for dollar.)

Are you thinking of buying a second home in Vermont? Visit my website to view all Vermont real estate or give me a call at800-659-1819 #103. I'm glad to help you find your Vermont vacation home!

Vermont Interest Rates Decline

2007-04-20T08:32:00.000-04:00

Freddie Mac has released the results of its Primary Mortgage Market Survey®. Rates have decline for the first time in six weeks due to signs of moderating inflation.

The rate for a 30-year fixed-rate mortgage averaged 6.17 percent, down from last week when it averaged 6.22 percent. Last year at this time, the 30-year averaged 6.53 percent.

This is great news for Ludlow home buyers. Historically rates inch up during the spring buying season. Now is when the most homes are available for sale and to have rates low is having your cake and eating it too.

Thinking of buying Ludlow real estate? Visit my website to view all Vermont real estate listings or give me a call at 800-659-1819 #103.

Saving The Down Payment For Your Vermont Home

2007-04-13T16:25:00.000-04:00

Foreclosures are on the rise. Lenders are tightening their belts and their lending practices. No money down loan programs are becoming harder to find, which means Vermont home buyers need to have money available for a down payment. Here are some tips on how to come up with the down payment.

1. Ask for help.
Ask relatives if they would be willing to contribute to your down payment or give you a no interest loan with no repayment time frame.

2. Borrow from your life insurance.
If your life insurance has built up value, you can borrow against it. this does not count as a debt because you are borrowing from yourself.

3. Borrow from your IRA.
First-time home buyers can take $10,000 for an IRA to put toward a home purchase, penalty free.

4. Increase your income.
Get a second job and stash or do free lance work.

5. Change your withholding taxes.
This will give you more take-home pay, which you can start saving!

6. Consider government backed loans.
VA and FHA loans require lower down payments and there are many state loan programs available.

For more information on how to save your down payment and the Vermont home buying process, visit my website or give me a call at 800-659-1819 #103 for more personal service.

Pending Home Sales Index Declines

2007-04-08T06:02:00.000-04:00

The National Association of Realtors reports the Pending Home Sales Index, which is based on contracts signed in February is at 109.3, down 8.5 percent from February 2006. David Lereah, the chief economist for NAR, attributese this decline to unusually bad weather in February and the problems in the subprime market. Read the full story...

For updates on Ludlow real estate market, visit my website or give me a call at 800-659-1819 #103.

Tax Deduction For Prepaid Interest

2007-03-30T17:16:00.000-04:00

Tax Day is only a couple of weeks away. Don't forget to claim the deduction for the mortgage interest you paid at closing when you bought your home.

All mortgage interest is tax deductible. You should have received a year-end statement from your lender showing how much interest you paid for 2006. However, this statement does not include the interest paid at closing. You will need to pull out your settlement statement or HUD-1 to determine how much interest was paid at closing. This amount can then be added to the number on your lender's statement. If in doubt, provide your HUD-1 to your accountant or tax preparer.

For information about buying a home in the Ludlow, VT area, visit my website or give me a call at 800-659-1819 #103.

Ludlow Home Buyers Can Now Finance Repairs

2007-03-22T16:31:00.000-04:00

Vermont Housing Finance Agency (VHFA) has made it easier for home buyers purchasing a rehab to borrow the money for needed repairs.

For mortgage loans that close on or after Feb. 1, 2007, VHFA will now allow the total cost of repairs to be included in the mortgage loan as long as those costs do not exceed the lesser of $25,000 or 25 percent of the purchase price which must include a 10 percent contingency. For loans that meet specific requirements, VHFA will purchase loans from lenders with an outstanding escrow for those repairs.

Eligible repair items include: items to complete the property, increase living space, construct a garage (maximum two-car), correct structural issues, bring property up to building codes or standards, correct or add needed safety features, repair or modernize mechanical and/or plumbing systems or fixtures and to repair or improve internal or external surfaces.

Contact me for more information on this program at 800-659-1819 #103

Time for a Vacation Home?

2007-03-19T14:49:00.000-04:00

Pros and Cons of a Second Home
Buying a second home is a big step and likely your second most valuable investment. Never rush into a second home purchase. You need to consider it over time. Determine how much use your vacation home will get and how it can fit into your finances.
Don’t forget to double everything. Buying a vacation home means that you will not only have two mortgages, but two property tax bills, water bills, fuel bills etc. Two homes mean more maintenance, including two plumbing and heating systems, septic systems, and roofs. And if something breaks down in your second home, chances are you may not be there to see it. For some, this is just too stressful.
At the same time, owning a second home can be very rewarding. It can be the source of relaxation: a time to get closer to your family, a place to be a kid again, and a place to meet new friends. It can even be a place to retire.
Lastly, owning your own home is not like renting. You get to leave your stuff there to truly make it yours. You can make impromptu escapes, leaving the stress behind. And your children and grandchildren will feel more comfortable in a place they have learned to call home.
If you’re thinking about buying a vacation home, you’re not alone. The rate of second homeownership has jumped, as large numbers of Baby Boomers move into their prime wage-earning years. It is estimated that 6-10 percent of homes in the United States are second homes. That number is much higher in desirable vacation communities.
According to the U.S. Census Bureau, 32 percent of homes on Cape Cod are seasonal and prices have increased by more than 60 percent since 2000. Seasonal homes represent an even higher percentage on Cape May – 48 percent – and prices have increased by more than 70 percent since 2000, dwarfing the national average, which increased by about 32 percent.
The trend of second home ownership shows no signs of slowing. People in their 40s, 50s, 60s, and beyond are much more active than their parents. They’re seeking outlets for fun, and with two wage-earners at home who have more disposable income than ever, the trend of second home ownership will continue.
If you’re considering a second home purchase, where do you start?
► Location. Consider your personal tastes, interests, and hobbies when you’re choosing a second home. For example, if you’re the type of person who thinks anything over a two-hour ride is long, you’ll have a fairly small geographic area in which to conduct your search. If you plan to use your second home for a couple of vacations every year and long holiday weekends, then you can extend your search to a larger radius. Many second homeowners purchase properties in their favorite vacation spots because they already enjoy the area and want to spend more time there.
► How much are you willing to spend?
Prices can vary greatly. Up and coming communities are less expensive than established vacation hotspots which have seen explosive appreciation. Prices in these popular areas range from a home on the beach worth $1 million to the same-sized home a mile down the road worth half that price. Check current mortgage rates to get an idea of what your monthly payment might be. Don’t shy from jumping in the car and spending weekends looking for different vacation homes.
► Get more specific on your location.
Is your dream vacation home near the lake or on the lake? Do you want to water ski on that lake? Or do you seek a quieter spot to kayak or fish? Or is the lake in the mountains so you can combine winter and summer sports? Is it in an area that is a plane ride away, but one in which you hope to retire? This part of the process will take some time, but you can easily find the prices of second homes in your desired area without leaving your computer.
► Think about what it should look like.
Is your dream vacation home a rustic cottage near the ocean? Or is it a condominium on a golf course? Perhaps it’s a ski chalet in the woods. You also need to determine how big it should be. Is it just for your immediate family or would you like to invite your extended family and friends?
► Find a great real estate agent.
This step is absolutely critical. A terrific real estate agent can not only find you a great home, but find one in a town with moderate property taxes and fun neighborhoods for your children. They can help you with the finerpoints of owning a second home – everything from obtaining beach stickers to trash removal to finding someone to watch your second home when you’re away. And if you rent out your second home, the agent can help you determine the rental price. When you are ready visit: http://isellvermontrealestate.com
► Take your time.
It’s tough to look for a second home, even with the Internet simplifying the process. A growing number of real estate agents make both interior and exterior photos available online to narrow your search without driving back and forth. Remember - rushing into a second home purchase can be a mistake. A trailer on the lake might look good today, but thinking about your long-term goals could lead you to a cottage down the street from a lake, just a mile from the ocean. Look at a second home in the same way as your primary home. The most costly home repair projects are:
Kitchens
Bathrooms
Heating systems
Roofs
That doesn’t mean that you shouldn’t purchase a second home with an outdated kitchen. Just understand that if you can’t tolerate the current kitchen, it could cost you $10,000 to $40,000 to update. Unlike your primary home, you’ll have the additional challenge of managing a renovation project long distance with a quality contractor you can trust.
Buy a second home that suits your personality and needs. If you don’t like working on your primary residence or dealing with contractors, look for a home that needs little work. At the same time, buying the smallest second home in the best neighborhood you can afford means your investment may appreciate at a higher rate.
While rentals in your chosen area may be strong today, make sure you can afford the mortgage without any rental income when budgeting for your purchase. There are many facets of second home ownership that are out of your direct control – everything from a gasoline shortage to a hurricane.
Taking the time to choose wisely means monitoring events in your desired vacation community. Learn how long homes have been on the market to get an idea of how much room you have in negotiation. Learning the overall direction of housing values in your region also helps you make educated buying decisions.

Okemo Luck Of The Irish

2007-03-16T16:33:00.000-04:00

Okemo Mountain is experiencing the 'Luck Of the Irish' this St. Patrick's Day weekend with new snow falling. Visit their website for some amazing spring deals.

For amazing real estate deals in Okemo and Ludlow, visit ISellVermontRealEstate.com. You'll be glad you did!

VT To Address Housing Affordability

2007-03-09T14:15:00.000-05:00

67 percent of Vermont residents cannot afford to buy the average priced home in Vermont according to a reort released by the Vermont Housing Council and the Vermont Housing Awareness Campaign along with several other agencies and groups.

The average price of a home has risen 97 percent since 1996 to $197,000. An income of $66,000 is needed to purchase a home at this price, which is out of reach for 33 percent of Vermont residents. Home prices rose only 8 percent last year, but have risen 97 percent since 1996.

Additionally, the report reveals the cost of new housing has increased by 15 percent to $282,000, meaning that a Vermont family would need an annual income of $93,000 to afford to build a new home.

The Governor and the Legislature are both promising to address the rising cost of housing with several bills being introduced to bring relief to the affordability crisis. Let's hope this not not too little too late. Read the full story here.

If you are thinking of buying home, visit my website to view all Ludlow real estate listings or give me a call, 800-659-1819 #103. I have a network of lenders that can help you buy the Vermont home of your dreams.

Interest Rates Drop Again

2007-03-02T14:42:00.000-05:00

The results of FreddieMac.com's Primary Mortgage Market Survey show a lowering of interest rates for the second week in a row. The average rate for a 30-year fixed-rate mortgage was 6.18% last week, down from the previous week's 6.24%.

"Mortgage rates drifted lower this week largely on the basis of new economic information suggesting a slower economy and lower inflation," said Frank Nothaft, Freddie Mac vice president and chief economist.

This drop in rates reinforces last week's post that it is an excellent time to buy Ludlow real estate. Are you in the market to buy a home? Visit my website to view all Ludlow real estate listings. Or for more personalized service, give me a call, 800-659-1819 #103.

To Buy Or Not To Buy?

2007-02-22T13:38:00.000-05:00

In a slowing real estate market, buyers often ask is it better to buy now with low interest rates or is it better to wait and see if prices will drop. If I had a crystal ball and could tell you this, I would probably be retired on a tropical island somewhere, but I can give you a couple of insights.

Interest rates have been hovering around 6.5 percent for over a year and there are no indications that this will change any time soon. The minor fluctuations in rates we have been seeing don't really effect your payment much.

Say you have a loan for $100,000. At 6.5 percent the payment on a 30-year fixed rate loan is $650. If the interest rate drops by 0.5 percent it only brings your monthly payment down $5.00. You would have to see a dramatic drop (or increase) in rates for it too effect your pocket book.

Will housing prices drop? The National Association of Realtors is predicting a rising market throughout 2007. Also, it is almost March and spring is the busiest time of year in real estate. Historically, prices increase in the spring which means gambling on a drop in prices may not be a great gamble.

Confused? Give me a call at 800-659-1819 #103. I am glad to discuss this with you further. Or visit my website. Here you can view all Ludlow, VT homes for sale.

Housing Starts Plunge But Rise In Northeast

2007-02-17T07:29:00.000-05:00

The Commerce Department reports housing starts plunged 14.3% in January to the lowest point in ten years. This unexpected decrease off-set the gains of the previous two months.

Regionally, housing starts in January decreased by 28.5% in the West, 15.2% in the Midwest, and 11.8% in the South. Starts rose 8.9% in the Northeast.

Interested in Ludlow Vermont real estate? Contact me, 800-659-1819 #103 or visit my website to view homes for sale.

Number Of Vacant Homes Surges

2007-02-11T16:00:00.000-05:00

MarketWatch.com has reported the number of vacant homes increased dramatically at the end of 2006 compared to the end of 2005, up 34 percent. This is an indication that housing starts need to slow even more than they ahe already.

Most of these vacant homes are new construction, but the number of vacant resale homes is up also. If a home is for sale due to a job transfer, many owners will leave it vacant if it hasn't sold, rather than have the family separated for an extended period of time.

Vacant homes don't show as well as occupied homes do. It is harder for the buyer to visualize howfurniture will fit in a room if that room is empty. Furniture in the room allows easier spacial relationships.

If you are moving becasue of a job transfer and would like to talk about how to get your home sold in the shortest period of time and not leave it vacant, give me a call, 802-226-8022. Or visit my website to learn more about Ludlow Vt real estate.

FEDs Leave Rates Alone

2007-02-02T16:38:00.000-05:00

The Federal Reserve Board announced this week that it would keep the the federal funds rate at 5-1/4 percent.

What does this mean for Ludlow home buyers? Mortgage interest rates should remain stable. There was a slight increase in rates in anticipation of the FED announcement, but that slight increase should settle back down again.

If you are in the market to purchase Ludlow real estate and are wondering how much home you can buy at the current interest rates, give me a call. I am glad to talk with you!

Buyers Have More Buying Power

2007-01-27T08:04:00.000-05:00

Home buyers acquired more buying power with the recent changes in 100 percent loan guidelines.

The guidelines for 80/20 and 75/25 Conforming Fixed-Rate loans now allow seller contributions up to 6 percent of the sales price or appraised value, whichever is less. Previous guidelines allowed only 3 percent contributions.

Now it’s easier to purchase the new home you deserve! Are you thinking of buying an Okemo Mountain home? Visit my website to view all real estate listings.

Tips For A Quick Sale This Winter

2007-01-19T15:17:00.000-05:00

Selling a home in winter can have its pluses and minuses. On the plus side, there is less competition. On the minus side, days are shorter, the weather doesn't always cooperate and flowers aren't in bloom.

BankRate.com has some excellent tips to help speed up a winter sale:

1. Keep walkways and driveways clear of snow and ice. You may not have to mow the lawn or trim the shrubs, but in the winter, consider this duty your "yard work."

2. Present a warm and cozy home. Make sure the temperature is comfortable and not too cool for visitors coming in from the outside. Turn on gas fireplaces if you have them.

3. Show during "high-daylight" hours and make your home as light as possible. Clean blinds and curtains and keep them open during daytime showings. Put the highest wattage bulbs in amps and fixtures, and turn the lights on when you show. And wash your windows -- even a little bit of grime gives the impression that the home isn't well cared for.

4. Set the mood with a little soft background music and some pleasant smells. Light a few candles that give off a nice scent, such as vanilla. Just don't overdo it -- you don't want people to think you're trying to mask a bad smell.

5. Ask prospective buyers to remove their shoes or slip on paper booties over them. Doing so shows buyers that you are proud of your home and take meticulous care of it.

6. Emphasize the features of your home that make it a good place to live in the winter. If your roads are regularly plowed and de-iced, be sure to make it known.

For more information about selling Ludlow, VT real estate and Okemo Mountain real estate, visit my website. You'll be glad you did!

Vermont Ranks High In Education Survey

2007-01-12T06:15:00.000-05:00

BurlingtonFreePress.com reports that Vermont public schools have ranked #3 in academic achievement behind # 2 New Jersey and #1 Massachusetts. this Ranking is a result of the Education Week Quality Counts survey.

Vermont ranked ninth among states on a chance-for-success index measuring demographic, economic and education attainment indicators. Virginia was No. 1 on the success meter and New Mexico was last.

The quality of education in Vermont makes it a great place to live. Are you thinking of buying a home in Ludlow, VT? Real estate here is affordable and offers an excellent quality of life. Visit my website to view all homes for sale in Ludlow and Okemo Mountain. Then, give me a call. I'm here to help!

Tags: burlington free press, education week quality count survey, ludlow vt real estate, ludlow vt home for sale, vermont public schools

Consumer Confidence Skyrockets

2007-01-08T08:05:00.000-05:00

Consumer Confidence Index skyrocketed in December, increasing from 105.3 in November to 109.0 in December which could be an indication that the national housing slump may have ended. Full story...

Tags: consumer confidence, ludlow real estate, irene gaffigan

FreddieMac.com Reports Higher Mortgage Rates

2006-12-28T14:55:00.000-05:00

Mortgage Rates inched higher this week according to FreddieMac.com's weekly Primary Market Mortgage Survey. The average rate for a 30-year fixed-rate mortgage is 6.18 percent compared to last week's 6.13 percent.

Rates were effected by increased consumer spending in November along with a increased new home sales causing concern over inflation. Read the full story...

BankRate.com 2007 Mortgage Tips

2006-12-22T06:41:00.000-05:00

BankRate.com recommends 7 smart moves in 2007 for those with a mortgage or thinking about getting one.

If you would like to talk with a reputable lender about how much of a home you quailify for, please contact me. I am glad to put you in touch with a person who will provide you with excellent service and products. Also, visit my website for Ludlow, VT real estate.

Tags: bankrate.com, mortgage tips for 2007, ludlow vt real estate, irene gaffigan

Mortgage Insurance Becomes Tax Deductible

2006-12-16T06:27:00.000-05:00

Mortgage insurance will become tax deductible in 2007 thanks to last minute passing of a law by the 109th Congress. Mortgage insurance is charged to borrowers who have less than a 20 percent down payment for govenment and private mortgages. The new law will allow mortgage insurance premiums to be treated like mortgage interest on tax returns saving Americans a considerable amount of money each year. Full story...

If youo are thinking of buying a home in Vermont or would like more information on how this new law effects your buying powewr, visit my website or give me a call. I'm here to help!

Tags: mortgage insurance, mortgage insurance tax deduction, ludlow vermont real estate, irene gaffigan

Home Renovations Less Profitable In 2006

2006-12-08T07:23:00.000-05:00

A few years ago when the real estate market was booming and inventory was low, many homeowners decided to renovate their current home rather than sell and buy something larger that better suited their needs.

The National Association of Realtors has reported that the cost of renovations climbed in 2006, while the resale value of those renovations declined. Last year, for example, adding a master bedroom suite to a house cost an average of $75,959 nationwide and boosted the home's resale value by $64,419 - that's 84.8 percent of the cost recouped. The same job this year cost a lot more - $94,331 - and returned just $68,458, or 72.6 percent.

With the current leveling off of the real estate market, it may be time to rethink a remodel project vs buying a new home. Home sales have slowed causing inventory to increase and making it easier for buyers to negotiate contingency contracts. It used to be, a seller wouldn't think twice if you needed to sell a house prior to purchasing. But these days, sellers are thinking long and hard about working with a buyer who is also selling a home.

If you are considering a remodel vs buying, give me a call. I am glad to discuss your options with you so you can make the best decision for you and your family. Also, visit my website to view all Ludlow real estate listings.

Tags: ludlow vt real estate, irene gaffigan, home renovations costs,cost vs value

Interest Rates Decline For Fifth Consecutive Week

2006-12-01T16:30:00.000-05:00

FreddieMac.com reports long term interest rates declined this week for the fifth consecutive week. The average rate on a 30-year fixed rate mortgage is 6.14 percent for the week ending Nov. 30. Down from 6.18 percent last week.

Rates like this make buying a new home for Christmas a great idea. Visit ISellVermontRealEstate to view all Ludlow and Okemo Mountain homes for sale.

Tags: ludlow vt real estate, okemo mountain, irene gaffigan

Holidays Kick Off In Chester

2006-11-26T06:57:00.000-05:00

Overture to Christmas in 21st Year

Just as an orchestra warms up an audience with a taste of the music to come, so does the town of Chester with its annual "Overture to Christmas."Now in its 21st year, the event has grown to accommodate a number of holiday-themed events taking place locally. Details...

And if you are thinking you want to make Chester your new home, give me a call or visit my website. Here you can view all homes for sale, get current market values and more.

Tags: chester vt real estate, irene gaffigan

Hopes Are High For Snow!!

2006-11-17T10:42:00.000-05:00

Mild weather is delaying opening of ski areas. The lack of snow coupled with rain and warmer-than-normal temperatures have forced even the largest ski areas in the state to delay their scheduled openings. There is a lot of cold air in Canada however it has not been able to push down here yet. Experts are watching the weather very closely in hopes of opening Thanksgiving weekend. Details

Thinking of buying or selling a vacation home in Vermont? Visit my website to view all real estate listings, get the current value of your home and more!

Tags: okemo mountain, ludlow vermont real estate, irene gaffigan

Should You Try to Sell Your Home During the Holiday Season?

2006-11-13T16:27:00.000-05:00

A common misconception is that trying to sell a home during the holidays is a bad idea. If you are serious about selling, it can be an excellent time to list. During the holidays buyers are more serious. They have a different motivation like using vacation time to search for property. They're doing that because they have to buy, rather than want to buy. Remember Thanksgiving and Christmas is one day a piece not two months.

10 reasons why you should list your home during the holidays

1. Most November and December buyers are particularly serious and very likely facing some sort of deadline.
2. January is the biggest transfer month of the year and job transferee’s use the holidays to house hunt.
3. Many people want to buy before the end of the year for financial and tax reasons. Investors usually want to close escrow by year-end for tax purposes.
4. Most sellers wait until spring or summer to list their home. This means that during the winter months your property will have far less competition versus any other time of the year.
5. Homes show well when decorated for the holidays creating a sense of family and people are much more emotionally drawn to the house, emotion sells.
6. Many people take vacation around the holidays allowing more time to look for a home.
7. Remodeling, decorating, appliance installation and other services are more available and at less of a premium.
8. There is plenty of mortgage money available for buyers.
9. Lenders aren't as busy and can process loans faster.
10. Showings will be fewer and less intrusive, but more likely to be fruitful with motivated, qualified buyers.

Visit my website if you are thinking of selling your home.

Tags: ludlow vermont real estate, okemo real estate, irene gaffigan

Cavendish Real Estate For Sale

2006-10-26T06:57:00.000-04:00

Cabin in the Woods

231 Lindberg Dr, Cavendish, VT

Small but in move-in condition...and room to expand, as this secluded one bedroom cabin sits on 2 wooded acres and is surrounded by 197 acres and which is part of the Vermont Land Trust.

There is a full basement with a partially finished room. A laundry room on main level big enough for small office. Also included are two out buildings...barn 48x22 with full loft storage and a 33x31 storage building.

Only 15 minutes to Okemo Mountain and close to the Black River.

Cavendish is located in the Okemo Valley and is made up of two villages, Cavendish and Proctorsville. Cavendish was created by New Hampshire Governor Benning Wentworth when he granted the land of Cavendish to sixty-six proprietors in 1761.

Cavendish population is approximately 1,500 and is a mix of residential and vacation home owners. It is the perfect spot for your "cabin in the woods." Contact Irene Gaffigan, 802-226-8022, for more information on this home. Or visit my website to view this home and all Vermont listings.

Tags: 231 lindberg, cavendish real estate, okemo mountain, ludlow vt real estate, irene gaffigan, united country farm town realty

Build Your Vacation Home At Lake Pauline

2006-10-24T14:59:00.000-04:00

Ski, snowshoe and ice skate in the winter. Canoe, fish and swim in the summer. This is one of the last lots with water rights to Lake Pauline. Located in the town of Ludlow, VT and only 5 minutes from Okemo Mountian, it is the perfect place for winter or summer recreation. And don't forget the gorgeous fall color! Build one for you and rent the other to pay the mortgage!

State permit and septic design is approved for a duplex with 3 bedrooms each, plus a hot-tub.

Just under an acre of wooded seclusion. A place to enjoy nature at it's best and the opportunity to own Vermont real estate! For more information visit, ISellVermontRealEstate.com.

Tags: vermont real estate, Ludlow real estate,okemo mountain

Land Rover Tax Advantages

2006-10-20T17:18:00.000-04:00

Small business owners can take advantage of accelerated tax depreciation benefits just by purchasing a new Land Rover before December 31, 2006. See your tax advisor to determine if you are eligible for this benefit. Visit landroverusa.com/taxbreak for details.

There are also tax advantages to owning Vermont real estate. The interest you pay on the mortgage for your personal residence is tax deductible. Are you thinking of buying central Vermont real estate? Visit ISellVermontRealEstate.com to view all Vermont real estate listings.

Tags:vermont real estate, central vermont real estate, central vermont real estate listings, irene gaffigan, land rover tax advantages

500 Real Estate Blogs To Watch

2006-10-14T05:23:00.000-04:00

I'm going to take this opportunity to pat myself on the back! There are hundreds of thousands of real estate blogs out there in cyberspace...some good, some bad and some just plain ugly. This Blog one has been chosen for Pittsburgh Home Daily's 500 Real Estate Blogs To Watch.

It is an honor and a privilege to be on such a list!

And don't forget, visit my website and contact me when buying or selling a home in Okemo Vermont and the surrounding areas. On my website you can view all Vermont real estate listings, get the current market value of your home and more!

Tags: pittsburgh homes daily, 500 real estate blogs to watch, vermont real estate, okemo real estate, okemo homes for sale

Okemo Ranks In East Top Ten

2006-10-06T09:48:00.000-04:00

SKI Magazine Ranks Okemo In East Top Ten

In it's annual Top 50 Reader Resort Survey, SKI magazine named Okemo Mountain Resort one of the top ten resorts in the East, and one of the best in North America for Grooming, Family Programs and Terrain Parks. Ranked eighth in the East, the popular southern Vermont resort also made the top-ten list in ten of the Reader Resort Survey’s categories: Grooming, Snow, Family Programs, Service, Lifts, Terrain Parks, Weather, Lodging, On-Mountain Food and Overall Satisfaction. Read more...

Thinking of buying or selling a vacation home near Okemo? Visit my website to view all Okemo real estate listings, get the current value of your home and more!

Tags: okemo ski resort, buy an okemo home, okemo real estate, vermont real estate, okemo home for sale, vermont home for sale

Risks Of Home Ownership

2006-09-30T15:16:00.000-04:00

It is often said the American Dream is owning your own home. But, is it right for you? There are risks involved and understanding these will help you make a good decision for you and your family.

1. Increase in monthly housing expenses. Taxes and insurance costs related to your home are sure to increase overtime, but usually these increases are off set by tax advantages and a pride of ownership.

2. You are your own landlord. No more calling the landlord when something breaks down. Maintenance and upkeep are yours. but, youo can also decorate anyway you want!

3. You must sell to move. No picking up and moving with a 30 day notice. You must plan ahead and give enough lead time to get your home sold before relocating. However, you benefit from the equity buildup since you first purchased your home.

4. Property values can go down. Over the long term real estate appreciates, but markets are cyclical and in the short term there is a possibility for your home's value to go down. Take into consideration how long you will live in the home prior to deciding to buy a home.

If you would like to discuss if buying a home is the right decision for you, contact me. I'm glad to help. Also, visit my website to search all Vermont real estate listings.

Tags: risks of home ownership, vermont real estate listings

What The Fed Said - A Translation

2006-09-22T15:25:00.000-04:00

If you are one of those people who keeps an eye on interest rates and the stock market, and listens intently to what happens on Wall Street and with Federal Reserve, you will appreciate the post on BankRate.com, What the Fed said: A Fed translation.

No need to learn Fedspeak, it has been translated for you!

Tags: bankrate.com, federal reserve, fedspeak, interest rates

Identity Theft

2006-09-15T09:21:00.000-04:00

Identity theft is a serious crime impacting more than 10 million victims each year. Often, consumers first learn they are identity theft victims when they are in the process of buying or renting a home. The National Association of Realtors is working with the Federal Trade Commission to educate comsumers to minimize the risk of identity theft. This new initiative, Deter-Detect-Defend is focused on empowering consumers to protect themselves against identity and to minimize its impact.

‘Deter’ Tips to Share with Consumers
1. Shred financial documents and paperwork with personal information before you discard them.
2. Protect your Social Security number. Your Social Security number is the key to your identity and must be closely protected. Don't carry your Social Security card in your wallet or write your Social Security number on a check. Give it out only if absolutely necessary or ask to use another identifier.

3. Don't give out personal information on the phone, through the mail, or over the Internet unless you know who you are dealing with.

4. Never click on links sent in unsolicited emails; instead, type in a Web address you know. Use firewalls, anti-spyware, and anti-virus software to protect your home computer; keep them up-to-date. Visit OnGuardOnline.gov for more information.

5. Don't use an obvious password like your birth date, your mother's maiden name, or the last four digits of your Social Security number.

6. Keep your personal information in a secure place at home, especially if you have roommates, employ outside help, or are having work done in your house.

‘Detect’ tips to share with consumers
Be alert to signs that require immediate attention:

1. Mail or bills that do not arrive as expected

2. Unexpected credit cards or account statements

3. Denials of credit for no apparent reason

4. Calls or letters about purchases that were not made

Inspect:
1. Your credit report. This contains information about you, including what accounts you have and your bill paying history.

** The law requires the major nationwide consumer reporting companies—Equifax, Experian, and TransUnion—to give you a free copy of your credit report each year if you ask for it.

** Visit http://www.annualcreditreport.com/ or call 1-877-322-8228, a service created by these three companies, to order your free credit reports each year. You also can write: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.2. Your financial statements. Review financial accounts and billing statements regularly, looking for charges you did not make.

‘Defend’ tips to share with consumers
1. Place a "Fraud Alert" on your credit reports. A fraud alert on your credit report tells creditors to follow certain procedures before they open any new accounts in your name or make changes to your existing accounts. Each of the three nationwide consumer reporting companies has a toll‑free number you can use to place an initial fraud alert. Only one call is necessary; the company you call will notify the other two. An initial fraud alert is active for 90 days. If you want to place an extended (seven-year) fraud alert, you must follow additional procedures.

** Equifax: 1-800-525-6285
** Experian: 1-888-EXPERIAN (397-3742)
** TransUnion: 1-800-680-7289

Placing a fraud alert entitles you to free copies of your credit reports. Look for inquiries from companies you haven’t contacted, accounts you didn’t open, and debts on your accounts that you can’t explain.

2. Close accounts. Close any accounts that have been tampered with or established fraudulently.

* Start by calling the security or fraud departments of each company where an account was opened or changed without your authorization. Follow up in writing and include copies of supporting documents.

* Use the "ID Theft Affidavit," available at ftc.gov/idtheft, to support your written statement.Get written verification that the disputed account has been closed and the fraudulent debts have been discharged.

* Keep copies of documents and records of your conversations about the theft.

3. File a police report. File a report with law enforcement officials – for example, state or local police. It will help you work with creditors who may request documentation that a crime has occurred.

4. Report the theft to the Federal Trade Commission. Your information helps law enforcement officials across the country with their investigations.

**Online: ftc.gov/idtheft
** By phone: 1-877-ID-THEFT (438-4338), or TTY,1-866-653-4261
** By mail: Identity Theft Clearinghouse Federal Trade Commission 600 Pennsylvania Ave, NW Washington, DC 20580

Tags: identity theft, national association of realtors, federal trade commission, deter-detect-defend,annual credit report

What Is Earnest Money?

2006-09-08T13:58:00.000-04:00

In medieval days, a father would send an entire herd of cattle as a not-too-subtle hint that his daughter be married into a certain family. Nowadays, when you've decided a particular home is "the one" for you, you can, thankfully, leave the cattle at home. You are asked, however, to deposit a small percentage of the sales price of the home you want to purchase--it's called "earnest money.

"Your earnest money is a good faith deposit that accompanies your offer. It is usually a personal check, but a short-term promissory note is sometimes acceptable. A sizeable earnest money deposit indicates financial strength and assures the seller of your commitment to purchase the property.

Once your offer is accepted, your earnest money check is cashed and deposited with the title company, attorney or with the listing broker. Your funds are held in a separate trust account reserved only for earnest money deposits. In most cases, everything proceeds smoothly to the closing day when the total amount of your earnest money is credited to you as a portion of your down payment.

Your earnest money is totally refundable if the offer is not accepted or if some condition in the contract is not satisfied. For example, your earnest money is refundable if financing is not approved with the terms specified in the contract.

If you're thinking of buying a home in Vermont, give me a call or visit my website., were you can view all real estate listings, get the current market value of your home and more. It would be a pleasure to assist you in finding "the one" that you'd like to call "home." My knowledge of today's real estate market will aid you in making wise decisions in every step of your transaction.

Tags: earnest money, vermont real estate, vermont market values