Beverly, MA

Search engines are an intregal part of today's information gathering process. Most consumers searching the MLS tend to just search then close out the web site. Sounds logical? Actually it isn't if the consumer fails to register with a "Log in" and save their searches!

I can't tell you how many times I get calls on properties and ask where did you see the property? The answers are usually I can't remember I have been to so many sites! Here is a tip to save time and I hope you find the property as an easy reference.

Log into http://vow.mlspin.com/default.asp?id=54037

Register! It takes a few seconds and then set up your Search.

You can then save your search and at the same time register with me! Mike Ross!

I have an exclusive web hunter program that will instantly notify me via the internet to my cell phone! I have a special ring tone that will alert me to the property you have an interest in! Within seconds I can call you back and provide you with direct one on one communication!

Now that is service! No more sending e mails that go un answered. No more waiting around to set up an appointment. No hassles! Stricting excellent customer service.

For additional information on my exclusive Login Search program email me @ mike.ross@nemoves.com today and I would be honored to talk with you.

Remember: LOG IN and Save your Search!

01/01/2009-01/31/2009: Total Sales(Single,Condo,Multi)= 16

Break down: Single: 12 Avg. Sale Price: $402,083 Avg. Market Time: 84 days

Condo: 2 Avg. Sale Price: $208,250 Avg. Market Time; 159 days

Multi: 2 Avg. Sale Price: $234,950 Avg. Market Time: 257 days

01/01/2009-01/31/2009: Total Sales(Single,Condo,Multi)= 22

Break down: Single: 11 Avg. Sale Price: $507,318 Avg. Market Time: 133 days

Condo: 8 Avg. Sale Price: $236,613 Avg. Market Time: 158 days

Multi: 3 Avg. Sale Price: $350,167 Avg. Market Time: 41 days

Comments:

The six sale drop (@27%) is significant, but predictable considering the dramatic changes in the mortgage industry. Last January you could still get 100% financing without paying PMI. It is obvious that the sharp decrease in sale prices for single family homes has effected the condo market significantly. Multi's have been struggling in Beverly for a while now. Lower Prices, Lower Interest Rates, $7500 Tax Credit, and eager sellers all add up to this being a GREAT TIME TO BUY!!

                                Make a great deal better with an FHA 203K loan!!

  If you are like most of my buyer clients, then you are attracted to the low priced short sale and bank owned properties.  The problem is that once you get in to see them, you instantly think that they are over priced based on the amount of work needed to make them livable. 

These homes can be converted into Great Deals by utilizing an FHA 203k Loan Program . This program allows you to determine what work needs to be done, get estimates from a licenced general contractor and then borrow both the purchase amount and the amount needed to fix the property up to acceptable standards.    Obviously, you will need to be able to qualify for the total amount based on your credit score. There will also be an appraisal done to make sure that the property will be worth at least the amount of the entire loan after the work is completed.

You will not have to start any work until you have closed on the property. Once that has occurred the program works similar to a construction loan, with payments being made to the contractor in phases as the work is completed and inspected.

Most Banks and Mortgage Companies have access to this program. You can use the link above to get a more detailed idea of the guidelines.  This program is not for everyone, but if you have vision and patience, you can create your own GREAT DEAL!

1. Set up your Home Profile: create a profile including specific details such as # of bedrooms, lot size, price range, desired cities/towns etc...
2. Receive your initial list of homes: Receive an e-mail with all current listings that match your profile , (TIP: The more specific the profile the fewer homes you will have to weed through, you can always widen the search later)
3. Receive update e-mail every day: each morning as you log on to your e-mail account you will have one e-mail alerting you to any new listings or any changes to listings that have already appeared on your list.

Benefits:

1. Stay ahead of the competition: Learn about listings as they come on giving you a chance to get in before others looking for the same type of listing
2. Only look at current listings: Most of the large listing sites rely on the agents to post their listings and mark them as sold once they are no longer on the market. The Realtor's service is drawn directly from the MLS and assures you that you are getting all current listings and none that have already been put under agreement or sold.
3. Request Showings: Stop chasing open house signs and simply hit the request showing button on any property of interest. This will allow the Realtor to set up a private showing at a time that fits your schedule.

Even in a slow market if a property comes on that is priced properly and has desirable features and location, you can miss out by finding it too late. If you are interested in properties in Massachusetts you can set your profile at MY FREE LISTING UPDATE SERVICE Otherwise, find a local Realtor that has the ability to provide this service and start looking at relevant properties that are still for sale.

Contact Mike

Buyer Agency Information

First Time Home Buyer

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Literally. Here in the north shore town of Beverly, MA, a multimillion dollar mansion burned to the ground Thursday night into Friday morning. Thankfully the owners were away and no one was hurt. Why did this house burn completely? Not because of a lack of response from fire crews.

The house was in a secluded area off a private road in Beverly, and the nearest fire hydrant was an estimated 1200 feet away! The first fire truck arrived one minute after a 9-1-1 call was made by a neighbor. That's fast. Trouble was, they had to run miles of hose, and the first responders didn't have enough length of hose in their truck. Neighboring town Peabody sent a fire company with plenty of hose, but by then it was too late, and the crews just made sure that the fire did not spread. It consumed the house faster than they could string hoses up to fight it. Unfortunate, but avoidable. Something to think about if you are in the process of building your dream home. Privacy and views are wonderful, but ashes are not.

The fire inspector determined that the fire was caused by rags covered with paint solvent that spontaneously combusted. Below is a picture of the flames in action.

picture from wbz-tv.