Massachusetts is offering through MassHousing a loan program that will allow you to use your 8K First Time Homebuyer Tax Credit towards your down payment or closing costs! This Homebuyer Tax Credit Loan Program can be obtained by contacting a MassHousing lender and meeting eligibility certain requirements which can be found in greater detail on the MassHousing website.

Of course you only have until April 30th of this year to be under agreement on a home and you need to close on that home by June 30th in order to qualify for the 8K tax credit.

This is a loan program so the tax credit you receive from the federal government would need to be used to pay the MassHousing loan.  There is no interest on this loan if paid by June 1, 2011!

So if you think that homeownership might be right for you but are worried about having enough for your down payments or closing costs this MassHousing Homebuyer Tax Credit Loan Program might just be your answer.

If you are interested in more information or would like to discuss your options to see if homeownership may be right for you at this time then give me a call, send me an email, friend me on Facebook, send me a text message.   I’ll even return messages by carrier pigeon!

Best,

Erin

So you were thinking last year “maybe I should look into buying a home now.”  But you waited.  You knew they’d end up extending the first time home buyer tax credit anyway so you could wait.

It’s a new year.  The holidays are over, we’re in a deep winter freeze in Massachusetts, and Spring sounds really really good right now!

Spring also means an end to that first time home buyer tax credit extension!

So here’s what I’m writing to tell you:

You need to be under agreement on a home by 4/30 and close by 6/30 to get the 8K tax credit.

What is a tax credit you ask?  A tax credit reduces the amount of taxes you owe. Click here for FAQs about the tax credit. You get a credit of 10% of the purchase price up to 8K.

If you’re wondering if buying at this time is right for you, give me a call and we can talk about it.  I don’t want anyone to miss out and wonder later on if maybe they should have at least talked to someone about buying a home.

All my best,

Erin

millvillema.org

Here is your 2009 Millville, MA Real Estate Market Report for single family homes.

There were 22 single family homes sold in Millville, MA in 2009 with an average sold price of $223,359 against an average list price of $236,498.  Houses sold within 94% of their list price in an average of 157 days.

Compare this to 2008.  There were 32 single family homes sold in Millville, MA in 2008 with an average sold price of $299,670 against an average list price of $306,081.  Houses sold within 98% of their list price in an average of 172 days.

What do these numbers mean? The market in Millville, MA was significantly slower in 2009 than in 2008.  I’m hoping this indicates that the market in town reached bottom this year and will begin to turn around in 2010.  There is quite a bit of new construction happening in town right now.  You can get a bigger house for your money and with easy access to Routes 146 and 495 and a solid school system this is a town to watch in the future.

www.townofblackstone.org

Here is your Blackstone MA Real Estate Market Report for 2009!

There were 58 single family homes sold in Blackstone MA with an average sold price of $240,888. The average list price was $251,914 and homes were on the market for an average of 151 days.  Homes sold for an average of 95% of their list price.

Compare this with 2008 when there were 44 homes sold in Blackstone MA with an average sold price of $261,538. The average list price was $269,851 and homes were on the market for an average of 161 days.  Single family homes sold for an average of 97% of their list price in 2008.

The Blackstone market is a prime spot for buyers looking for bigger bang for their buck!

www.bellinghamma.org

Here is your Bellingham MA market report on single family homes for 2009!

There were 131 single family homes sold in 2009 with an average sold price of $275,097. The average list price was $282,193.  This means that on average homes in 2009 in Bellingham MA sold for 97% of their list price!  The average time on market was 124 days.

Compare this to 2008 where there were 130 single family homes sold with an average sold price of $295,397. The average list price was $308,405.   The average home in 2008 in Bellingham MA sold for 95% of their list price in an average of 131 days.

What does this data mean for Bellingham MA homeowners?  It’s a sure sign that the market in our town has stabilized this year!

Single family homes are selling closer to their list price and with less time on the market!

We all set goals for ourselves in the new year.  If upgrading your current digs is your new years resolution check out http://www.eringolding.listingbook.com/ and search all Massachusetts homes for sale!

How's this for an upgrade?

Do you need to sell your current residence in the Bellingham, MA area?  Call me for a complementary market analysis to see what your house could sell for in today’s market.  Also let me show you my marketing strategies to get your home sold fast!

Let upgrading your new digs be a resolution you will stick to in 2010!

Brad Andersohn at ActiveRain created a monster.