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

What is a bit concerning is that these are numbers when the Home Buyer Tax Credit Program was still going on in April and they were still weak. 1st time buyers still represent 43% of the market and all cash buyers are a staggering 27%! This is the breakdown of Existing Home across the region. Northeast was up 7.9%, Midwest was down 7.5%, South was down 6.5%, and the West was down 9.3%. Distressed sales are still 1/3 of all market transactions 32%. Foreclosure sales are falling as short sales are rising. 30 Year Fixed Rate National Average was down to 4.59% and the 15 Year was down 4.05%. June Building Permits were up 2.1% as June Housing Starts were down 5.0%. One step forward and two steps back.

1st Time Initial Jobless Claims rose more than expected up 37,000 to 464,000 week ended July 17. This number was alittle out of line from expected but continuing claims week ending July 10th were better than expected at 4.487 Million vs the prior week 4.710 Million.

The Fed Chairman Ben Bernanke was on Capitol Hill to give his testimony on the condition of the US Economy on its Semi Annual Address. I felt most of the 2 day address was pretty positive. The fact is that most of this information is old and we already know most of these facts. Even though, the market sold off on Wednesday but rebounded on Thursday. Most of the concern of the testimony was about the exist strategy plan when the Fed eventually has to start raising rates. This isn’t necessarily a bad thing cause it means the worst is behind us and the economy is getting better. Some of the highlights was the following.

*Fed expects inflation to be subdued
*Unemployment is improving
*Expansion is proceeding at a moderate pace
*The Fed still has tools in its tool box if the economy does slow
*Financial Regulation Bill will enforce stronger standards which will minimize risk of another crisis

The one statement the markets didn’t like was that the Fed feels that the economic outlook remains unusually uncertain!

The way I see it is that the real problem is the Federal Government and their unwillingness to understand that it is small business that will help the economy with job growth. If you easy the burden on small businesses with lower tax rates it will help expansion and further growth. The Federal Government has only gotten bigger and they are now taking a bigger role in the private sector which is only going to create bigger problems, more regulation, and higher taxes. This is clearly not the way to prosperity. The good news is that even with this negative environment companies area coming out with big earnings and things look a recovery is coming!