GNAR News 03/16/11

Happy Saint Patrick’s Day

 

 

CARAVAN – March 17
The following properties are on caravan tomorrow.  Tour departs immediately after the 9am meeting at GNAR each Thursday.  

32 High Street, Newburyport, 9/4/1.5 $549,900 – Corner of High & Barton
Stone Ridge Properties (Lela Wright for Tracy Mousseau)
Lela Wright, 978-815-6690

234 Northern Blvd, Plum Island, 6/2/2, 6/3/2, $399,900 —
Mick Bielby, Coldwell Banker, 978-873-5447

54 Washington St., Newburyport  7/2/1,  $274,900 cross street—Boardman
Mary Holmes, Heritage Realty,  978-808-6559

39 Broad Street, Newburyport 4/1-2/1, 2 car deeded parking $375,000
Sandy Berkenbush, Stone Ridge Properties, 978-815-4751

346 High Street Nbpt 10/4/2.5, $950,000 Nearest cross is Ashland
Lea Cabeen, Keller Williams, 978-873-1906

12 Adams Street, Newburyport 5/3/1, $345,000 Jefferson or Upton to Adams
Lorraine Pesce, Coldwell Banker, 978-697-4726

66 Indian Hill Street, West Newbury 8/3/2.5, $510,000 Storey Ave to Garden Street to Indian Hill Street
George Reardon, Coldwell Banker, 978-360-5638

138 Indian Hill Street, West Newbury 9/4/2.5, $499,000
Storey Ave to Garden to Indian Hill
Cheryl Caldwell, William Raveis, 978-609-1041

OPEN HOUSE – 10am -11:30am
29 Stonebridge Road, Groveland, 10/4/3.5, $719,000 cross street: Center St.
Ron April / RE/MAX On the River – 978-265-2522

*****

MAR News Posted: 14 Mar 2011 08:08 AM PDT
New changes to the Mass. Homestead Act to take effect this week (March 16)
We just wanted to remind you that changes to the Massachusetts Homestead Act will take effect this Wednesday, March 16.  If you don’t already know, the Homestead Act (actually, the exact term is “Declaration of Estate of Homestead) is a legal document filed at the registry of deeds that informs the public that the homeowner is asserting his/her rights to protect the equity in the home from subsequent creditors.

However, as you can imagine there is a little more to it.  Here are couple of resources you might find helpful:

Just remember, with many issues, homeowners should consult their personal attorney regarding specific legal questions about the Homestead Act and how they may or may not be impacted by the new changes.

*****

Just in Time for the Spring Market . . .
GNAR affiliate member & Affiliate Membership Committee Board Member, Todd Hughey of Leader Bank, has a new office in Newburyport at 10 Prince Place #205 (2nd floor).

The location has changed but you can still expect the same superior service, mortgage products and rates. Leader bank obtains 100% control over the mortgage process with in-house underwriting, loan approval and funding. Leader offers their own loans as well as the correspondent channel which allows Leader to underwrite via 12 other lenders products. Give your clients access to a one stop shop with options to fit nearly every scenario at exceptional rates. Leader Bank was never involved in any sub-prime lending, option ARMs, etc and have thus been rewarded with some of the best pricing available across all product lines.  Reach Todd via email:  thughey@leaderbank.com or stop by and say hello at his new location.

MAR News Posted: 15 Mar 2011 07:47 AM PDT
Big month to month increase in Mass. February REALTOR (R) Market Index
Today we issued the results of the February 2011 REALTOR(R) Market Index (RMI) and the REALTOR(R) Price Index (RPI). The February RMI was up 32 percent from the January RMI, for the largest month-to-month increase since survey data has been collected. The RPI was essentially flat (up 0.64%) from January while both the RMI and RPI were down from the year before.

This month’s “Hot Topic” question asked REALTOR(R) member about their client’s ability to secure financing in the current lending environment compared to last year.

Click here to read the full release: February 2011 Realtor(R) Market Index and Realtor(R) Price Index

Here are the highlights:

  • REALTOR® Market Index was 28.06. Up 32% from January
  • REALTOR® Market Index was down 32% from same time last year
  • REALTOR® Price Index was 46.96.  Up 0.64 from January
  • REALTOR® Price Index was down 11% from same time last year

Let us know what you think? In fact, if you are a member of the Massachusetts Association of REALTORS(R) and would like to participate in the monthly survey, please send your name, email address and NRDS# (which can be found on the cover of your copy of Bay State REALTOR(R) Magazine) to themarreport@marealtor.com

SAVE THE DATE – REALTOR® Day on the Hill is June 8
Mark your calendars and save the date for June 8 to attend this year’s 26th annual REALTOR® Day on the Hill. Each year MAR members are welcomed into the Great Hall of the State House to visit their legislators and impress upon them their dedication to local political involvement and to supporting MASSRPAC.

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