The Numbers Don’t Lie!

If you were to wait to buy a home instead of taking advantage of the current lower interest rates it could cost you over $100,000 over the course of your 30 year loan!!  Yikes!! That’s a lot of money that could go towards a new car, a vacation home or into a retirement fund!

Let’s take a look at the numbers, if you find a home for $250,000 today at the interest rate of 4.12%, your payments would roughly be around $1200 per month. 

However if you wait until next year to buy that same home, with the home price rising to $270,000 and interest rates up at 5.3%, it would cost you roughly $1500 per month.  Over the life of the 30year loan that’s over $100,000!!

A savings of $3600 each year could be your vacation money, or improvements to your new home.  I’m sure you can think of more productive ways of spending that money!

So what’s stopping you?

With Home Price Increases Slowing, It's a Great time to Buy Your Dream Home!

The S&P home price index recently posted that there was a 9.3% annual increase in May down from the 10.8% in April.  The rate in November 2013 was as high as 13.7% before starting its slow descent.  

This is good news for both buyers and sellers.  Especially since some buyers would otherwise have been left on the sidelines with the continued faster increase in prices.

The slower home price increase is also a sign of the housing market returning to normal.  Since the market is stabilizing, this is a great time for buyers to make their purchase.

Recently Harvard’s Joint Center of Housing Studies revealed five financial reasons people should consider buying a home. 

1.) Housing is typically the one leveraged investment available.

2.) You're paying for housing whether you own or rent. 

3.) Owning is usually a form of “forced savings”.

4.) There are substantial tax benefits to owning.

5.) Owning is a hedge against inflation.

So, what’s holding you back?

Invest in yourself and your family’s future.

Buy a home and start building equity in your future!

Welcome to 11 Boxberry Lane, Rockland

Open House: August 10, Sunday 12:00 PM - 2:00 PM August 09, Saturday 1:00 PM - 3:00 PM Schedule a Showing/Request Info 11 Boxberry Lane Bill D'Entremont Keller Williams 781-964-4353 Questions? Schedule a Showing! MLS#: 71725461 Licensed In: MA Information valid for the date of this posting only. Please contact us for the most current information and status of this property.

11 Boxberry Lane Rockland, MA Just Listed    Description Photos Maps & Local Schools   View the Property Details, More Photos, Map & School information here at the updated Virtual Tour!   Welcome to Boxberry Square. This meticulously maintained complex has so much to offfer. This beautiful unit offers an open floorplan concept. Oversized living room with hardwood flooring, Eat In kitchen with tile flooring, large pantry and plenty of counter space. Both bathrooms offer tile floors and are well maintained. Upstairs you will find 2 bedrooms both with w/w carpet and large closets. Other features include Central air & Gas heat, and a private patio for relaxing. The full lower level is ready to be finished for additional living space. Beautifuly landscaped complex. Close to rt3, Hospital and Shopping. L2L

New Listing 40 Independence Ave, Hanson

OPEN HOUSE, August 10, Sunday 1:00 PM - 3:00 PM 40 Independence Avenue, Hanson, MA Get Directions Click Here Description Photos Maps & Local Schools $ Click for current price 4 BEDROOMS 3 BATHROOMS (2 full, 1 half) 2740 Square Feet This meticulously maintained colonial is located in one of Hanson's sought after neighborhoods. The beautiful foyer welcomes you as you enter this showcase home. Large center island kitchen with granite, updated cabinets, 5 burner gas cook top, new stainless steel appliances, recessed lighting, under cabinet lighting and a pantry. Sunken living room with beautiful maple flooring, recessed lights and a quaint window bench seat. Formal dining room with custom crown molding. Oversized master bedroom with double closets and newly remodeled bath with double sinks, Tile floor, Volakas marble,... Bill D'Entremont Keller Williams 781-964-4353 bdentremont@aol.com L2L Virtual Tours

New Listing in Weymouth!

OPEN HOUSE, August 10, Sunday 1:00 PM - 3:00 PM 47 Puritan Road, Weymouth, MA Get Directions Click Here Description Photos Maps & Local Schools $ Click for current price 3 BEDROOMS 2 BATHROOMS (1 full, 1 half) 1164 Square Feet Welcome to 47 Puritan Rd. This beautifully remodeled New England Farmhouse is situated on a lovely side street with direct access to Great Esker park. This open floor concept home offers a large kitchen with hardwood flooring, granite counter tops, stainless appliances and recessed lighting. Separate dining room with sliders that lead to the outside, formal living room, 3 good sized bedrooms all with wall to wall carpet and ceiling fans.. Other features include. 100 amp elec service, front farmers porch and rear deck both with composite decking, newer roof, heating system and vinyl replacement windows. Close to shopping, bus line and schools. Over a half acre lot finishes off this perfect jewel of a home. Bill D'Entremont Keller Williams 781-964-4353 bdentremont@aol.com L2L Virtual Tours

How is the Housing Market today?

The local South Shore Real Estate market is still hopping even though summer is quickly coming to a close.  Before you know it the kids will be back in school and the market will be slowing down!

According to several Real Estate experts the real estate markets already seems to have slowed down in many parts of the country.  First time homebuyers are not making as many purchases anymore, now at 28% down from 40%!   However the good news is that home inventory has risen, which is what we were hoping to see when the spring market was picking up!   What does that mean for the market overall?   This may drive up the home prices and make affordable housing options for many buyers out of reach! 

At the same time baby boomers are retiring and wanting to downsize their current larger homes.  However, potential homebuyers are just not in the market for these grand scale homes. 

Many potential home buyers see the current process of buying their first home as daunting!  The best advice is to seek the help of a professional realtor that can help ease the process!   

Where do you see the local South Shore Market?   Realtors and Potential Clients may see the market in very different ways!!

Do you know how much you need to put down on a purchase of home?

A recent survey showed that 38% of those between the ages of 25-29 years old and 42% of those between the ages of 30-34 years old believe that a minimum of 15% is required as a down payment to purchase a home. A recent questionnaire administered by Freddie Mac showed that over 50% of all respondents thought 20% was required as a down payment.


In actual fact, a buyer may be able to put down far less!

According to Freddie Mac there is a lot of misinformation regarding the amount necessary when determining the down payment for a home purchase:

“Did you know 40 percent of today's homebuyers using mortgage financing are making down payments that are less than 10 percent? And how about this: since 2010, the number of people putting down less than 10 percent for conventional loans has grown three fold.  So, not only are low down payment options real, they represent a significant portion of today's purchases.”

According to Freddie Mac’s VP and Head of Single-Family Sales & Relationship Management explained further:

• A person “can get a conforming, conventional mortgage with a down payment of as little as 5 percent (sometimes with as little as 3 percent coming out of their own pockets)”.
• Qualified borrowers can further reduce the down payment coming out of their own pockets to 3 percent by lining up gifts from family or grants or loans from non-profits or public agencies.

Letting more consumers know how down payments are determined could bring more qualified borrowers off the sidelines. Depending on their credit history and other factors, many borrowers can expect to make a down payment of about 5 or 10 percent.

There are also many down payment assistance programs that are there to help people that are in a perfect position to buy credit wise, but are not able to save enough money for that initial down payment!

You can read more about what is available here:   Down Payment Assistance


If you are saving for either your first home or that perfect move-up dream house, make sure you know all your options. You may be pleasantly surprised!