Bristol County MA Real Estate Blog and Home Listings: December 2009

2009- Real Estate Success Stories - Taunton-Rehoboth-Berkley area Massachusetts

2009- Real Estate Success Stories - Taunton-Rehoboth-Lakeville--Berkely Area Massachusetts

I am so humbled and thankful for my career in Real Estate. I am also so rewarded by helping people achieve their home buying and selling dreams. The opportunities were so phenominal for those who moved swiftly.

Reflecting on 2009- I , love helping people and am so rewarded ..equally by both the monetary reward and the feeling that I helped...An investor client of mine rennovated 3 distressed properties and made some serious profit..

A first time buyer client from early this year bought a home for $150,000 put about $10k of sweat equity into a kitchen, paint and some minor fixed now conservatively worth $215k. 

A home seller of  thought he was "giving" his house equity  away.unfortunately the market stole his equitt... he sold it for appraised market value.. and..what he thought he was "giving" away.. he made up for when he bought a house for $50,000 LESS than actual value.. this is such a win-win for him. Needless to say.. a very happy client!

All of my clients won this year and won big. Sellers and Buyers alike are doing well in this market.  and there is still such a tremendous opportunity for those willing to step out and forget about the fear.

Are you ready to take advantage of this opportunistic market. I can show you how to buy the right home,  and/or help you sell your current home.

Thinking about retirement or a college fund for your children- let me show you how to invest in real estate, ...the right way. Create a positive cash flow, with great tax benefits, and long term appreciation.

Call me for details and find out how you can receive a FREE copy of of one of the following best sellers:

"Your First Home" 

"Millionaire Real Estate Investor"

"FLIP"

 

Thank you for viewing my blog!

Free Market Valuation- Complete 10 page document with facts, figures, and absorption rates

Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton. Certified Distressed Property Expert Home Specialist in MA
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0 comments • Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro • December 30 2009 09:40PM

US HUD Government Owned.. Investors and Others.. Multi-family Fall River MA.. only $111,537

US HUD Government Owned.. Steal This House in Fall River MA- Opportunity to own real estate for low money is now!!!

3 Family in Fall River.. HUD Home, Government Owned. Keller Williams in Easton is  a HUD Registered Broker and is free to Advertise  HUD properties.

Do you have children to send to college? Do you need a retirement income? 

Call Lori Lincoln for a Complete description of this property or any other HUD,government owned or Bank Owned Property in Fall River, Rehoboth, Swansea, Somerset, Dighton, Taunton,Massachusetts  and Surrounding Cities and towns.

There are 3 other multi-family properties in Fall River that are HUD owned

Lori's knowledge and Expertise will guide you through the entire process. Invest in Real Estate today for potential profit for many years to come.

visit my blog at http://www.southcoastmahomes.activerain.com

 

Search the entire MLS for FREE at http://LincolnTeamRealEstate.com

FREE Copy of Up to date Foreclosure Listings.. email me at lorilincoln@kw.com

 

 

Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton. Certified Distressed Property Expert Home Specialist in MA
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1 comment • Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro • December 27 2009 06:36PM

Location is Everything- Assonet/Freetown House For Sale- Tax Credit Available.

Lori Lincoln | Keller Williams Realty | lorilincoln@kw.com | 508-878-0917
10 Colonial Drive, Assonet, MA
Take Advantage of Tax Credit! Sellers Can Move Anytime!
4BR/1.5BA Single Family House
offered at $284,900
Year Built 1978
Sq Footage 1,802
Bedrooms 4
Bathrooms 1 full, 1 partial
Floors 2
Parking Unspecified
Lot Size 32,000 sqft
HOA/Maint $0 per month

DESCRIPTION
Location is EVERYTHING in Real Estate.. Enjoy your Large eat in Kitchen with new kitchen counters just installed. Sliders to deck. HUGE Master Bedroom with a large walk in closet. Snugglie not required because You'll Save Thousands every year with newer energy efficient pellet stove.. Picturesque landscaping with mature plantings and perenial flower garden. Privacy galore on this quiet cul-de-s

see additional photos below
PROPERTY FEATURES
- Central heat - Fireplace - Walk-in closet
- Hardwood floor - Tile floor - Living room
- Dining room - Breakfast nook - Dishwasher
- Refrigerator - Stove/Oven - Attic
- Basement - Yard

OTHER SPECIAL FEATURES
- Energy Efficient Pellet Stove
ADDITIONAL PHOTOS

Photo 5

Photo 2

Photo 3

Photo 1

Photo 4

Photo 6
Contact info:
Lori Lincoln
Keller Williams Realty
508-878-0917
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Dec 26, 2009, 1:55am PST
Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton. Certified Distressed Property Expert Home Specialist in MA
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1 comment • Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro • December 26 2009 05:06AM

If I've given extravagant gifts in the past, do I have to continue the tradition?

This should be fun!

Via Jason Simonson Menomonie WI, Realty Executives:

If I've given extravagant gifts in the past, do I have to continue the tradition? You should only think about two things when you think about price--your budget and your relationship to the person. What I give my sister might be different than what I give to my coworker. The other thing is, you don't need to explain that things will be smaller unless you think someone is counting on your gift.   Anna Post's Gift Giving Advice

    

Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton. Certified Distressed Property Expert Home Specialist in MA
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Taunton Area Real Estate- Keller Williams Realty/Lincoln Team 

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3 comments • Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro • December 21 2009 05:53PM

Fix and Flip Distressed Foreclosed /government Owned Properties in Southeast Massachusetts - Part 1

Fix and Flip Distressed Foreclosed /government Owned Properties in Southeast Massachusetts - Part 1

 If you are new to the idea of investing in real estate for profit, you should read this article carefully and avoid costly mistakes.
So let's get started: First get some financing in order. Investment properties require 25% or more down and those in distress may require a cash purchase. You should have cash on hand and ready before you even start the process of looking. However, there are other options.

One option would be to ask your friends ,relatives and business acquaintances tohelp. There has never been a better time to invest in great property than right now. Either borrow the money from them or give them an equity stake in your new venture. You could also go to your bank and sell them on giving you the funds. Another option is a Hard Money Loan. This type of loan should be a last resort due to the very high interest rates. Hard Money Loans also cost more in upfront points. They can work for the right property. You can get a hard money loan based on the after repair value... but you will still need some of your own money.

Next find a great real estate agent that is experienced in Investment Property. You should interview a few agents, and ask for references. He or she can help guide you to the best opportunities in the marketplace.
There are several foreclosures on the market in Massachusetts. Most of them need signifigant rennovation. So yes, you will need some fix up money.
Let your agent choose the properties that would best suit your needs. Then go out and look. Look at bank owned, HUD homes and Estate Sales first. They are the most profitable.

Once you've found the right house, find a contractor to estimate the scope and cost of work needed. If you are comfortable, it's time to move foward and make an offer. but before you do, be sure that you have calculated your finances. Your agent can give you a price range for after repair value. Always use the lower end of the market when you calculate your profit. You don't want to be taking on more than you can handle.

Once your offer is accepted, get a home inspection. I've had investors tell me that they know what they are doing and don't need one, only to realize later on that there were more repairs needed for the house that they weren't aware of. Home Inspectors can and do miss things too, but having a contractor or multiple contractors and a home inspector on your side before you make your purchase, will help you avoid a bad decision.

More to follow.. short sales, creating relationships with vendors/contractors and more!

Stay tuned next week for Part 2.

To start making money on real estate rentals, rehab properties and more, call me today for a FREE Copy onf Millionaire Real Estate Investor or "FLIP" Two Best Sellers written by Gary Keller. Call me with any questons anytime. You can count on my expertise in this area.

You may also send me an email at http://LincolnTeamRealEstate.com Lori Lincoln- 508-878-0017

Lori Lincoln is a Realtor/Consultant who helps buyers and sellers in Greater Taunton MA.

Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton. Certified Distressed Property Expert Home Specialist in MA
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2 comments • Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro • December 20 2009 08:34PM

Market Changes 2009

This post is courtesy of  PatrickHarfst, my realtor friend in Arizona. This graph applies to Bristol County Massachusetts too. Timely and well written.

Via Patrick Harfst, CRS (Realty Executives - Gilbert AZ):

Changes in the Market, 2009

Yeah, there have been changes! Some good, some not so good...

                                                                        For Buyers                                            For Sellers

Homes Priced <200k

Sellers Rule the Day...

Buyers are even using acceleration clauses again. CASH buyers prevail, so new loan buyers are at a distinct disadvantage. Have everything in order when you start - loan applied for, timeline in place.

If you are a seller, it is nearly impossible to NOT sell your home... Still, make it look nice, and yes, you must price it where it will appraise. Sorry - no way around that!

Homes Priced >500k

Buyers Rule the  Day

Tight credit, excess inventory, few buyers, all make this price range tough - for now. Will spring back with a vigor when the economy improves.

It's cliché, but true. You must win both the price war, and the beauty contest. And it will help to have some luck & patience.

Homes Priced 200-500k

Balanced. Few investors, so owner-occupied buyers have a shot.  As always, have the loan underway, and be ready to move quickly on a nice home. Still an active price range...

Keep it priced well, and looking nice. Be ready to help buyers with loan costs. Get creative! Do NOT let a good buyer get away - there may not be another for awhile...

Homes Priced <100k

CrazyVille! The rules are thrown out, as this is almost entirely the domain of banks as sellers. Some buyers have written more than  a dozen offers, just to get one to stick. Short sales are plentiful, and require ANOTHER level of expertise to actually purchase one.

 

 Tax Credit

Good thru 4/30/10. $8000 for first time buyers, $6500 for selected repeat buyers.

This is also good for sellers, as it takes "some" of the pressure off of buyers costs, plus brings a few more out into the market.

Interest Rates

Lower than anyone alive has seen. Below 5% for 30 year fixed. No kidding!

If you are also a buyer (after selling), this should be motivation to do whatever it takes to complete your sale...

Jobs

The linchpin to the entire recovery. As long as jobs are not being created, the recovery is likely to be a mirage...

This is not a metric any of us has control over, unless you have influence with the politicians. If you DO have this influence, ask them to relax the attack on employers.

Sunshine

Arizona has it. Chicago does not.

 

Patrick Harfst, CRS©

Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton. Certified Distressed Property Expert Home Specialist in MA
Follow this blog                                                                               

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Taunton Area Real Estate- Keller Williams Realty/Lincoln Team 

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0 comments • Lori Lincoln- Taunton to Attleboro MA Rehoboth, Dighton, Swansea, Attleboro • December 07 2009 06:08PM