Sweet well maintained charmer

A sweet well maintained home that has had the same owners for over 50 years. This 2 Bedroom 1 bath home has everything you would need, from sipping tea on the front porch to gardening in the back yard. Mature tree lined neighborhood with sidewalks, give this home a; slow down and enjoy the day “feel”. Metal roof, central air, updated bathroom,vinyl tilt windows are some of the things you wont have to do. The lot borders on an alley way that accesses the driveway, the single car garage, back yard and neighborhood walking trails.

93 acres to roam- 5 to build

Unobstructed views with this 93 acres in a premier cove in Sandy Mush.There is 5 acres that can be developed with premier home sites, south facing property has several natural springs, bath house, cabin, out house and an out building. This natural water shed has an abundance of native flora and fauna. Get up in the morning and hike through the splendor of your own forest. To receive additional information in regards to the conservation easement, Southern Highlands Conservation-

Top 10 Facts About Buying Your First House

Buying your first house is an exciting milestone in a person’s life. Read on for the top 10 facts about buying your first house.

  1. Three out of four homeowners say their home is their biggest source of wealth. The statistic comes from the National Association of REALTORS® (NAR) survey and demonstrates just why it is so important to become a home owner in America. Remember, this means your house is not just a place to live, but also an investment in your future.
  2. Stretching to get into a home you can’t afford is a bad idea: Millions of homeowners lost their homes to foreclosure in 2008 and 2009 as a result of using creative financing to get into a house that they couldn’t really afford. Make sure you figure out your budget and determine exactly how much you can afford to spend. Then, take a mortgage loan that makes sense to you and that is not likely to increase to such a high level you can’t possibly pay (as may happen with some adjustable rate mortgages).
  3. You should have a down payment: Banks and mortgage lenders want buyers to have a down payment because that protects the lenders. If you have a down payment, you have equity, which means you own a portion of the home. If property values fall, you are thus less likely to end up owing more on the home than it is worth. The down payment is so important to lenders that if you don’t have one, you will be required to pay private mortgage insurance (PMI).
  4. You may have to pay closing costs to get a mortgage: These costs include appraisal costs, inspection costs, application fees for your mortgage loan, a title search and various other expenses. You usually either have to pay them up front or they are added to the cost of your mortgage and you have to pay them over time. Occasionally you can negotiate a deal wherein the seller pays the closing costs, but this is not very common.
  5. You can get pre-approved to find out how much you can afford: Before you even begin looking at houses, you can go to a bank or mortgage lender with your financial information and find out just how much they are willing to lend you. That way, you can look only at houses in your price range and you won’t end up falling in love with a home you can’t afford.
  6. The seller may pay the commission for your real estate agent: In most cases, buyers do not pay for their agents. Instead, the seller pays three percent to the agent who helped sell the house and three percent to the buyer’s agent who helped you buy it.
  7. Real estate investments are widely considered a hedge against inflation: Inflation refers to the falling value of the dollar. In other words, the purchasing power of $1 will be less tomorrow than it is today, since goods tomorrow may cost slightly more. Since real estate is a tangible asset that rises in value, it is usually considered to protect you against this phenomenon, at least to the extent of what your real estate is worth.
  8. Mortgage interest is generally tax deductible: This means you can reduce your taxable income by the amount of interest you pay. If you make $50,000 for example, and your mortgage interest is $9000 per year, you can deduct that $9000 to reduce your income to $41,000.
  9. Be prepared for property taxes: Property taxes are determined by the assessed value of your home. They have to be paid to the county every year or the tax collectors could take your house.
  10. Know when buying makes sense: Generally, it only makes sense to buy a house if you plan to stay put for at least two years. That is normally how long it takes for your property to rise in value enough to make up for what you spent on closing costs and on originating the mortgage loan. Furthermore, if you live in a house for less than two years, you may have to pay more taxes on the amount you make on the sale. This, and other factors- such as what the housing market in your area is doing- should be considered before you decide to buy.

Fun Facts About Buying a Home

  1. Home is where the heart (and equity) is: 61.4% of the average American family’s net worth is in home equity.
  2. A homeowner’s net worth is over thirty times greater than that of a renter.
  3. TGIF! The best day of the week to list your home is Friday.
  4. Historically, the best month of the year to sell is April. Although we would dispute that –maybe it’s the most common month, but often sellers fare better in the ‘off months’ of summer and winter.
  5. Odds are you’re going to need some help selling: Homeowners have a 120% better chance of selling their home when using REALTOR®.
  6. In 2013, NAR reports that the median age of first-time buyers was 31. On average these buyers purchased a 1,670 square-foot home costing $170,000 (guess they don’t live around here!).
  7. The typical repeat buyer was 52 years old. On average these buyers purchased a 2,060-square foot home costing $240,000.
  8. According to a NAR Community Preference Survey, 78% of respondents said that the neighborhood is more important to them than the size of the home.
  9. 57% said they’d give up a home with a larger yard if they could have a shorter commute. (Commuting is one of Arlington’s most attractive features to buyers)
  10. NAR reports that 80% of home buyers believe their home is a good investment, 44 percent saying it’s better than stocks.
  11. Buyers searched a median of 12 weeks and visited 10 homes. If you live in Greater Boston, you know this is a much lower number on both fronts.
  12. 90% of home buyers who used the Internet to search for a home purchased through a real estate agent.
  13. 90% of buyers financed their purchase.
  14. In Scotland, homeowners paint their front door red when they pay off their mortgage.
  15. And finally, don’t be so quick to change your brass to brushed nickel! Brass doorknobs disinfect themselves. It’s called the oligodynamic effect: the ions in the metal have a toxic effect on spores, fungi, viruses, and other germs.

Sources: AGBeat AOL Real Estate Keeping Current Matters National Association of Realtors RealtorMag.com, Written by Don Carrington