SOLD! North Andover Real Estate

Whether you are buying or selling this spring Virtual Media Realty can help assist you in this important decision. Ask us how we can help you, your family, friends, and co-workers. We bring the power of social media tools to help make the process easier, more productive, and save you time! In today’s world everyone is busy and when you can save time by taking advantage of these new tools we use you can spend more time with your family and friends!

The activity in the Real Estate Market in the Andover’s is strong and there are tons of buyer out there looking to get into a new place. We’ve had a heck of a winter and now that the sun is out, take advantage of this opportunity. Please feel free to contact me / us if you have any questions. We would love the opportunity to help you and your family achieve the dream of home ownership!

But, there is a catch…. The house needs some personal cosmetic touches. It’s not like anyone buys a home these days without expecting to do anything but move in right? But, according to this article from NAR and the Washington Post 87% of 1st time buyers want a move in ready place. The article continues to say that they could be losing out on great opportunities! http://www.realtor.org/RMODaily.nsf/pages/News2011030804?OpenDocument

I really think this is true. Out of all the people I have talked to looking to buy over the last few months, I would have to say at least 80% of them don’t want to fix up a place. What ever happened to sweat equity? I feel like our whole country has gotten lazy! No matter what you buy, there is always gonna be something you are going to want to do and make your own personal touches to make it feel like your own. In this houses case, if nothing needed to be done you would have to spend $600,000 to get into this neighborhood. I personally like the challenge and would rather build my equity than having to pay for it up front! Give me your thoughts… Come by my open house and let me know what you think…..

Open House Sunday 3/27 1:00pm to 3:00pm 156 Berkeley St. North Andover, MA 01845 Offered at $480,000

Open House Sunday from 1-3pm on 156 Berkeley St., North Andover, MA

Great Neighborhood! 156 Berkeley St., North Andover, MA 01845

Video Walkthrough

Please let me know if you have any questions on this property or any other in the area… I would love to show you why I’m the person you need to use the next time you buy or sell!

OPEN HOUSE: Sunday, February 20th – 1 PM – 3 PM

Come to my open house Sunday February 20th from 1pm to 3pm located at 156 Berkeley St. North Andover, MA 01845 to have an opportunity to make some immediate equity and to get into a nice neighborhood at a reasonable price! The price was just recently reduced! Located in one of No. Andover’s most desirable neighborhoods with walking path to Franklin School. This large colonial boast an enormous fireplaced family room, large eat-in kitchen, living room , formal dining room with wainscoting. 4 bedrooms located on the 2nd floor, Master w/ full bath. Other features include heated gunite pool w/ hot tub, security system, in ground sprinkler system, 5 year old roof. Bonus 3/4 finished basement w/ an additional full bath with in-law potential. Offered at $480,000.

Open House Sunday from 1-3pm on 156 Berkeley St., North Andover, MA

Great Neighborhood! 156 Berkeley St., North Andover, MA 01845

Video Walkthrough

OPEN HOUSE: Sunday, February 13th – 1 PM – 3 PM

Come to my open house Sunday February 13th from 1pm to 3pm located at 156 Berkeley St. North Andover, MA 01845 to have an opportunity to make some immediate equity and to get into a nice neighborhood at a reasonable price! The price was just recently reduced! Located in one of No. Andover’s most desirable neighborhoods with walking path to Franklin School. This large colonial boast an enormous fireplaced family room, large eat-in kitchen, living room , formal dining room with wainscoting. 4 bedrooms located on the 2nd floor, Master w/ full bath. Other features include heated gunite pool w/ hot tub, security system, in ground sprinkler system, 5 year old roof. Bonus 3/4 finished basement w/ an additional full bath with in-law potential. Offered at $480,000.

Open House Sunday from 1-3pm on 156 Berkeley St., North Andover, MA

Great Neighborhood! 156 Berkeley St., North Andover, MA 01845

Video Walkthrough

As goes the economy so does the market? It has seemed like a popular trend the month of May which has seen the DOW down 7.9%! The markets volatility has become an everyday occurrence. Ending the week pretty much flat but, giving you an ulcer if you happen to follow the markets. This was the worst May the Stock Market has seen since 1962! The $64,000 question on the street is whether or not we go into a double dip recession and or if European Credit Crisis spreads into other countries. To top it off with recent issues with North Korea, we can see what is troubling the markets.

The good side of all this is that oil has back off recent highs falling to around $73.50 a barrel. Rates have remained low, which is great for the housing market. The 30 year fixed rate national average is at 4.80% and the 15 year fixed rate average is 4.25%. The troubling news is that the purchase application index fell again this week 3.3% and after last weeks fall of 27.1% Existing Home Sales jumped to 5 month highs in April up 7.6%. Inventories were up 8.4% month supply and sales were up 21.1% in the Northeast year over year. 1st time home buyers accounted for 1/2 of the people buying. These are all lagging indicators and old data. It is pretty clear that the end of the Home Buyer Tax Credit Program had a tremendous effect on the housing market. I feel as though that is a bad thing because the problem going forward is, what is going to stimulate people now? The question now will be what happens in May and June?

Consumer Confidence Index was at 63.3% in May vs. April’s reading of 57.7% The next month will give us a great gauge on what the future has in store for us. The keys going forward will be the Unemployment Rate and the pulse of the consumer. Consumer Spending was unchanged for the month of April and the first time jobless claims fell 460,000 down 14,000. Consumer Sentiment for May was 73.6 which was better than expected. This measures the consumers mood.

My issue is that the way out of a financial problem is for the Government to cut taxes on business which gives the private sector an incentive to expand and create more jobs. It is clear that the unemployment rate which is currently at 9.8% will not be decreasing anytime soon. The Government can not expect prosperity by creating temporary employment like they have with the census workers. The way to economic prosperity is to encourage productivity and innovations. That leads to better products and services which then creates jobs.