Home Field Advantage

Welcome home 182nd. Thank you for your service

Last month the President announced a broad program for veterans. You have worked hard and suffered much for those of us at home.  Over the last 10 years of conflict, the men and women of our armed forces have taken a large hit in the housing market.  I urge you to be proactive in getting what you deserve.  If you need any help, just give me a call.  978-500-7659

Here is a quick outline of the program:

The office of the President will

Conduct a review of every servicemember foreclosed upon since 2006 and provide any who were wrongly foreclosed upon with compensation equal to a minimum of lost equity, plus interest and $116,785;

Refund to servicemembers money lost because they were wrongfully denied the opportunity to reduce their mortgage payments through lower interest rates;

Provide relief for servicemembers who are forced to sell their homes for less than the amount they owe on their mortgage due to a Permanent Change in Station;

Pay $10 million dollars into the Veterans Affairs fund that guarantees loans on favorable terms for veterans; and

For years real estate professionals have used the expression ‘Buyer’s or Seller’s’ market to describe price fluctuations. The phrase Buyer’s Market seems to imply that right now buyers have the ability to dictate price and to control the sales environment. I don’t believe that this is accurate. I am convinced that the only factor that gives a buyer an advantage in negotiation is knowledge. In today’s housing market most buyers are moving cautiously and as a result they are looking at a great many houses. Most of my buyer relationships can be measured in months, and many of my buyer clients will have looked at hundreds of homes on line and have visited 10 or 20 before identifying the home that they will purchase. This abundance of caution means that today a buyer knows what is on the market and understands the market accurate price.