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East Falmouth, MA

Sophomore Spiff Up Day in Falmouth

Heath Coker, Real Estate Broker: Real Estate Agent in Falmouth, MA

The Falmouth High Class of 2012, also known as the current sophomore class at Falmouth High will be doing light yard work on Saturday, October 24th for all town residents who would like to hire them. From 8:30 AM-5PM the students will do light chores in your yard for a small contribution to their Class Fund.

The rain date is Saturday, November 11th. Please contact ebourgeault@falmouth.k12.ma.us or
crankin@falmouth.k12.ma.us to reserve students to work. The minimum request is 2 students for 2 hours for a contribution of $20.

Jobs that require climbing ladders are not allowed. There are some other restrictions for safety reasons, too. Please contact the sponsoring teachers (above emails) for further clarification.

Renters Can Lose $8000 This Year on December 1!

Heath Coker, Real Estate Broker: Real Estate Agent in Falmouth, MA

If you are renting on December 1, 2009 you just lost $8000. Here's why!

People who have not owned a home in the last three years are called First Time Buyers by the US Government. Those First Time Buyers can get $8000 IF they close on a property before December 1, 2009. So how much house can a renter buy?

One of the old calculators I use shows how much real estate a person with the following income levels might be able to purchase.

The numbers below are as follows: Annual Income (AI), Monthly Income (MI), Maximum Monthly Payment (MMP), Other Monthly Debts (OMD), Price of a Property per Interest Rate of 5%, 6%, and 7% (NOTE: These are ONLY estimates for conversation.)


(With 5% down)
20,000 (AI) 1667 (MI) 467 (MMP) 133 (OMD) at 5% 66K at 6% 61.5K at 7% 56.9K
30,000(AI) 2500 (MI) 700 (MMP) 200 (OMD) at 5% 100K at 6% 92.2K at 7% 85.2K
40,000(AI) 3333 (MI) 933 (MMP) 267 (OMD) at 5% 133K at 6% 123K at 7% 113K


Another method I use is to compare a current rental payment with a mortgage payment at the same amount. For example, if the rent being paid is $900/month, I divide the 900 by 6 and get 150. That indicates that someone paying a rent of $900 per month could possibly pay a mortgage on a $150,000 property.

Here is how I used math to get that: First, 6 is the interest rate multiplier when calculating interest on a loan with a 6% interest rate. So, I could multiply six by loan amounts until I get 900. 100 x 6 = 600; 125 x 6 = 750. 150 x 6 = 900. (Note: you leave off the last 3 zeros of the loan amount for this type of calculation.)

Or, I can "reverse" the same equation and use the monthly rent amount divided by the interest rate multiplier which then equals the loan amount. This liiks like; 900 / 6 = 150.

Of course other variables will affect the purchase ability of a buyer. Things like credit score, amount of down payment, and the total of the other debts the buyer has, and the condition of the property, are some of the major ones. First Time Buyers (people who have not owned a home in the last 3 years) have a major advantage right now, because the US Government will provide you with $8000 of down payment money. But you have to find a house quickly and close before the end of November 2009! Call a broker and get started! You only have $8000 and your own home to lose!

Happy real estate buying!

Communication overheard over Iraq...

Heath Coker, Real Estate Broker: Real Estate Agent in Falmouth, MA

In addition to communicating with the local Air Traffic Control facility, all aircraft in the Persian Gulf AOR are required to give the Iranian Air Defense Radar (military) a ten minute 'heads up' if they will be transiting Iranian airspace.

This is a common procedure for commercial aircraft and involves giving them your call sign, transponder code, type of aircraft, and points of origin and destination.

This conversation was overheard this on the VHF Guard (emergency) frequency 121.5 MHz while flying from Europe to Dubai. It's too good not to pass along.

The conversation went like this...

Iranian Air Defense Radar: 'Unknown aircraft you are in Iranian airspace. Identify yourself.'

Aircraft: 'This is a United States aircraft. I am in Iraqi airspace.'

Air Defense Radar: 'You are in Iranian airspace. If you do not depart our airspace we will launch interceptor aircraft!'

Aircraft:
'This is a United States Marine Corps FA-18 fighter. Send 'em up, I'll wait!'

Air Defense Radar: (no response .... total silence)

Thank you to all who are protecting us.

Swans on Bourne's Pond

Heath Coker, Real Estate Broker: Real Estate Agent in Falmouth, MA

Bourne's Pond isn't actually a pond the way I understood one growing up, because it opens to the Atlantic Ocean. But here in MA a pond is defined a little differently - especially on the coast. Here a pond is a body of water smaller than a lake, usually fed by a stream, but mostly still.

Bourne's "Pond" has tidal action and lots of coming and going of water, but it is 2 miles from the top inlet to the bottom ocean outlet so maybe some of it moves more than the rest. We canoe out here and catch/release a few fish every now and then.

The swans come here in great numbers. This morning I counted 25. There have been more so that isn't a record. Here are some pics. There is a lot of bird watching on the Cape, and Falmouth is a great place to see birds.

Happy listing and selling!

Swans in Bournes Pond East Falmouth MA East Falmouth MA swans in Bournes Pond

Bournes Pond East Falmouth MA swans

2008 Posts ReGroup

Stephen D White, E-Pro, ABR Cape Cod Realtor®: Real Estate Agent in Falmouth, MA

Here are my 2008 Active Rain Posts for anyone who would like to pick, choose and make extra comments that they may have missed:

My-Active-Rain-Pet-Peeve

More over Priced-Junk-in-a-Correcting-Market

Where-were-you-on-Nov-22-1963

Veterans-Day-and-Veterans-Financing

My-Listing-Router-IDX-Provider-LISTINGWARE

Point-2-Agent-Websites

Take-Pictures-that-Sell-Houses

Golf-on-Cape-Cod-for-the-Beginner-to-Intermediate-player

Popcorn-Ceilings-with-or-without-Asbestos

WordPress-Theme-problems

Fed-Stands-Still-Time-to-Make-Your-Move

Granite-Countertops-Toxic

Beijing-Olympics

The-Barnstable-County-Fair-opens-today

Animal-lovers-giving-up-pets

Happy-Independence-Day

Excellent-Prices-Deals-on-Cape-Cod

Selling-her-home-and-heart-on-the-Internet

Blogger-Arrests

Republicans-Block-Windall-Taxes-on-Big-Oil

Spring-to-Summer-Annual-Rite-of-Passage

National-Home-Ownership-Month

Memorial-Day-2008

Gas-saving-practices-myths-or-reality

Tax-Rebate-check

May-17th-Armed-Forces-Day

Reasons-Homes-Dont-Sell

Precise-pricing-better

Hey-fellow-Newbies-I-finally-figured-out-why-Blog-subscriptions-exist

Real-Estate-is-on-Sale

What-have-been-your-experiences-using-GPS-devices-or-other-such-web-applications

Gas-prices-to-4-a-gallon-by-the-summer-Plenty-of-greed-but-where-is-the-sanity

To-use-a-Lockbox-or-not

Web-site-updates-need-suggestions

E-Pro-anyone 

It-finally-looks-like-Spring-has-sprung

Wordpress-20

Techies-love-em-or-leave-em

Blog-subscriptions-not-medications-here-on-activerain

Major-price-reduction-15-maravista-ave-E-Falmouth-ma-260K

Facebook-use-by-realtors

Working-with-listing-FSBOs

0-Old-Barnstable-rd-919-acre-cleared-level-Lot-4-sale

Real-estate-photography-or-lunar-eclipse

Recent-CCI-MLS-Agent-survey-results

Check-out-my-real-estate-website

Wasted-real-estate-time-the-use-of-Technology-the-Web

Maravista-Ave-ext-E-Falmouth-less-than-1-mile-to-very-best-warm-water-swimming-kayaking-boating

248-Shorewood-Drive-E-Falmouth-ma

Happy Holidays and Happy New Year to All on Active Rain, to my new found friends and Active Rain Family! Im glad that I joined this past Year! I know that Ive learned a Lot from You All! Thank you!