Kelly McGovern

FHA and Seller Concession Changes Imminent

06-07-10

"Sometime" this Summer, FHA will be slashing the seller concession from 6% max to 3%! In its announcement, the agency said the change would occur in "early summer" after publication of a Federal Register notice and a public comment period. Concessions of 6 percent are still allowed and will be until FHA announces they're not. Buyers and sellers who have a legitimate need to build concessions into their contracts can still do so, but they need to know that the clock is ticking. My advice is: If a home sale deal needs the 6 percent FHA feature, get the contract put together as fast as possible!

1 Comment

Miles and Memories

05-26-10

Kelly McGovern

My Jeep hit 180,000 miles today on the way home from a showing. That's a lot of miles and my Jeep is still going pretty strong. On the ride back to the office I started to think how many real estate sales I've put together or lost while in this car, how many rentals I've shown, how many mortgages I've assisted on, etc. Makes me wonder - what mile was I on for my first showing in 2006? What mile was I on for the news of my best friend's baby being born? What mile was I on when I heard the news of the 9/11 terrorist attack? A lot of miles and and a lot of memories. My car has taken me thru alot of good and bad weather both inside and out. I've taken care of it and it continues to take excellent care of me! There should be a way to somehow log important moments in odometer time. At least I know what I was thinking when it hit 180,000 ... you're reading it :)

2 Comments

Kelly McGovern

Office: (508) 331-7158

Licensed Real Estate Salesperson-MA & RI, REALTOR, Loss Mitigation Certification(LMC), Short Sale and Foreclosure Resource Specialist(SFR), Notary, Mortgage Professional with 20 years past experience

About Us:

Kelly McGovern was in the mortgage industry from 1991-2010. She is currently a REALTOR with Realty Executives Tri County. She is a licensed Real Estate Salesperson in MA & RI, Loss Mitigation Certification(LMC), Short Sale and Foreclosure Resource Specialist(SFR), Notary, and a Mortgage Professional with 20 years past experience. Although Kelly is now full time Real Estate her peers make her the go-to person on mortgage related questions and expertise.

Areas of Expertise:

First Time Homebuyers

Bank Owned Properties

Short Sales

FHA/203k/USDA/VA/Mass Housing loan Specialist

Successfully closed HUNDREDS of mortgages for the past 20 years!

Agent of the Year for Realty Executives Tri County 2008

Executive Club 2008, 2009, & 2010

Testimonials:

"Dear Kelly, We can't thank you enough for all your hard work and help. You were so good to us every step of the way. We are starting to get settled at our house and we absolutely love it. We would never be here without you. Thank you very much for your house warming gift its very much appreciated. We are trying to convince our friends to buy houses so they, too, can have the pleasure of working with you as well. Thank you, thank you!!

PS: come by soon!

Ben & Sonya - 3 McGill Lane

"Thank you so much for your hard work and patience! It took a year but we finally got the house! THank you so much!!

Sincerely, Richard Sliwinski - Manville Rd

"Once in a great while one meets a person of exceptional character, ability and motivation. I believe I have met such a person in Kelly McGovern. I first met Kelly about a year ago when my wife and I where searching for a new home. From the moment we met her, her drive and competence were immediately apparent and she became our exclusive buyer's agent. She quickly learned what we were looking for and never hesitated to point out features of a house she thought might not be to our liking. This was VERY IMPORTANT because her honesty lead us to trust her right away. Within a month of meeting her we found an ideal house for us, which we subsequently purchased. Kelly's calm, professional demeanor greatly helped us through the negotiating process.

When it came time to sell our previous home, there was never any doubt we would use Kelly as our seller's agent. We had lived in our previous home some 24 years and had not maintained it very well, so it needed some work prior to putting it on the market. Kelly graciously consented to advise us as to the nature of the work that should be done and also suggested contractors to perform the work. Her advice was essential and I believe ultimately lead to our home selling in about 30 days! Although we did not sell our previous home for as much as we had hoped for, Kelly's deliberate, precise analysis of the market in our neighborhood helped me to take the emotion out of the transaction; and thanks to Kelly I believe we got the best price we could get given the comparables in our neighborhood and the market trends in our county.

One of Kelly's most impressive qualities is her razor sharp focus on the closing date. Once the Offer to Purchase was in effect, Kelly never lost sight of the ultimate goal: CLOSE THE DEAL. Which is of course what both buyer and seller want most. During both the purchase of our new home and the sell of our old home, Kelly made countless phone calls and road trips to third parties on my behalf resolving issues that might have otherwise delayed the closing date. As a result of her diligence, both closing dates occurred as originally scheduled in the Offer to Purchase.

I have no doubt Kelly McGovern would succeed in whatever endeavor she chose to pursue. It is in her nature to do so. I believe you are fortunate to have such a person on your staff. Over the course of the past year my wife and I have come to view Kelly as a personal friend and hope to stay in contact with her. But come what may, Kelley will have our undying respect. Should we or anyone we know need a realtor, Kelly will get our highest recommendation."

Sincerely,Ben Hubbard

"We just really want you to know how much we appreciate everything you've done for us. We know that everyone is a first-time homebuyer at some point, but John and I both know how many questions we asked, how many houses we had you show us and how many phone calls you had to make on our behalf. We are so incredibly appreciative of you 'decoding' the process for us, and we really would never have gotten to this point had it not been for all your help! If anyone ever asks for references, or we ever have the chance to recommend you, we will be absolutely happy to do so. Thank you so much!" John and Amy Caruso

"We just bought our first home and unlike all predictions for a very stressful and overwhelming experience, this was not. Kelly (McGovern) just took us for a "funky house-buying ride," showed us over 20 different houses, never rushed us and made sure all our questions were answered. When we finally found our dream home, she reacted fast and made sure all paperwork was done timely and promptly. Kelly is knowledgeable and a pleasure to work with. We recommend her to anyone who values good attitude and professionalism. Job well done, Kelly! Thanks!" Russ and Anna, Franklin, MA

"Our relationship with Kelly McGovern began when we called to view a house she was the listing agent on. That house did not pan out for us, but Kelly would hang with us for the next 10 months while we viewed many properties that Kelly recommended and others we saw separately. We were not in any hurry and Kelly never made us feel pressured. We ended up buying the second house we looked at with Kelly, 10 months later when the Sellers began accepting offers. This process is new to us and Kelly spent time educating us and giving us the confidence we needed to move forward to final purchase. Overall the search and purchase of our home was a positive, relaxed experience. Kelly made that possible and we truly appreciate it." Kim and Fred Gibson Uxbridge, MA 317 Aldrich St.

"It was an absolute pleasure working with you. Any time I hear of someone needing a realtor you will be a realtor you will be the only name I give. Tim and I were commenting on how you did not feel like just our realtor, but someone who we have been friends with a long time! The kids actually miss you too. My cell phone rang the other day and Jeffrey ran into the room holding my phone saying..."Is it Kelly"? So that's a compliment to you. So thanks for making such a stressful time pleasant. I know you went above and beyond with helping us on the "other end" as well. So thanks for your patience and expertise." Love, Tim, Karen, Emma and Jeffrey North Attleboro

"Kelly was the first and only real estate agent I have dealt with, so I cannot compare her to anyone, I can only say that I feel very lucky to have found her to represent me in my search for a home. I feel very strongly that if it were not for Kelly's professionalism and her dedication to the task at hand I would not own my home today. She was a blessing to us and we sincerely appreciate everything she has done to put us where we are now." James Zaccardi 10 Chestnut Rd., Norfolk

"Thank you for perfomring our refinance with such ease and professionalism. We were pleased with how infomred you were with the mortgage program, with how seamless you made the application process and with how fast you got us to closing. We also liked the closing ato ur home - no babysitters! We'll send more business your way!" - Chris and Tracy Burke (Mortgage Customer)

"Kelly McGovern helped me and my two young girls realize a dream! She is professional, worked very fast for us and was always there for us through what turned out to be a very easy purchase. All thanks to Kelly!" A Gagnon (Real Estate Customer)

"I can't believe how helpful you were during the entire process of my purchase. I am so thankful to you for being so easy to work with. The house is awesome! I made everyone help me move in the same day as the closing in 90 degree weather. I just couldn't wait! Thanks again - it was a pleasure working with you." Natalie C (Mortgage Customer)