Welcome to the Vermont Home Site!

March 25, 2009

Glad you’re here.  In addition to the usual search engine for homes in Vermont, I include weekly updates on property activity showing homes now under contract, what sold, what’s new.  Just click on the “PROPERTY SEARCH” button below.  The ‘Market Trends’ tab above will get you graphs showing real estate trends since 2006, so you can think about things – and who doesn’t love a graph to help you think!

Clicking on the “ETC…” button brings you to a more varied set of posts – covering banking, mortgages, the stimulus and bailout effects, local news and opinion, including my own on occasion! Even some ‘controversy’ I imagine – see what you think.

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Burlington VT Homes New Website on the Way!

January 18, 2010

As soon as my new webmasters can build it, there will be a fantastic new site for searching for Burlington, VT homes and properties and the all towns in Chittenden County and the rest of the state.  Our mls system is merging with the Northern New England mls, and that means time for me to change with it.

I’ve been researching the best websites around the county, and with the new merge into a single, larger and more powerful mls, I will introduce my clients to a fantastic new site.  The coolest searches, the best info available and many new tools you have a hard time finding in Vermont.

Coming soon – February if the webmasters are right!  In the meantime, my search button below, while a bit slow, still works just fine, and you can find every home and condo in the greater Burlington, VT area.  Happy hunting!


Burlington VT is Hiring!

January 17, 2010

One of the Burlington, VT success stories in the past 10 years has to be Dealer.com.  This ‘creative economy’ company has expanded, and expanded again and just continues to grow.  Located in Burlington’s South End, they’re home to some of my past clients and I always love working with the new employees they bring to town – great energy and enthusiasm for being in Burlington!

And they’re hiring again I hear.  Check out the Dealer. com site here if you’d like to see what’s up, now or in the future!


Mid November – Smashing Results!!

November 23, 2009

The promised update for the first half of November’s home and condo sales results in Chittenden County, Vermont.

Continued Fantastic! Home and condo closings through the mls system – UP 73% vs the first half of  November, ‘08.

52 closings vs 30.

And for just condos – up 100%! Now that’s nice to see.  Homes up 49%. Nothing to complain about.  Well, except………

Prices sank again, as first time buyers and the move up buyers they are energizing are crowding the closing table with lower priced homes and condos.  So, the numbers have moved with them – Avg condo sold for $215k vs $264k last year. Homes – $250k vs $283k last November. Expect this trend to continue for some time, and remember not to worry!  Here’s why:

First time buyer credit of $8k, and the cool new $6500 credit for ‘move-up‘ buyers will help to move homes and condos at the $100’s, $200’s and $300’s right through the winter, at a faster pace then we’ve seen for a couple winters at least. That in turn will finally grease the upper ranges to at least get some action, and some sales improvement.  Maybe not all they want on the price scale – but at least something to work with.  What’s it all mean?

Too soon to tell, but………..I see a ‘recovering spring’ on the horizon.  Stable prices, some shortages of the hot prices ranges, developments, neighborhoods – the usual suspects!  A little more competition for the best places, and fewer bargain hunters.  But, my first point………stable prices – no return to a few years ago.  In my book that’s OK. Sustainable real estate is a good thing!

What do you see?


$11 Billion in New Tax Credits to Buy A Home!

November 6, 2009

It’s true – the Congress has passed a bill to extend the $8,000 tax credit for first time home buyers out to next April, AND added in a $6,500 tax credit for people that sell their home (if they’ve been there for 5 years) and buy another.

There’s fine print, of course – but it’s expected to put $11 Billion in tax credits into the hands of homebuyers in the next few months.  Check out the details here!

Results we can expect to see in the Burlington real estate scene?

Stronger sales over the slower winter months.

Buyers staying more committed to finding that home now – and not waiting for the traditional spring season to start.

More homes coming on the market before March, as sellers try to catch their buyer earlier.

Prices trending towards stable, away from declining.

Move up buyers (the $6,500 credit folks) pushing the market of $250k to $450k properties ahead stronger than they have been, especially since their homes will be purchased quicker by the first timers. The domino effect is powerful in real estate – and just what we need.

A mad crush of action in February and March next year!

Ready to get started? The year will be over before you know it!!


Confessions of a Downsized Realtor. Chapter 6.

November 6, 2009

(Chapters 7 through 10 have been previously posted).

Chapter 6.  The Deal of Deals.  OK, We’ve Signed  a Contract, It’s Over Right?

“Mike, we’re going to be writing up a contract on your house”.

Really!  Disbelief at first, then a gradual acceptance that yes, indeed, after several showings and information gathering, and thinking and consulting with his advisers – the interested party of almost a month ago – will be “writing up a contract on our house”.

Just when we’ve let go and started to make plans for the 3rd floor transformation we’ve thought about for years, in comes a contract.  I’m a realtor, and I know better than many, a contract on the way is no guarantee it will be an agreeable contract.  A lot can happen between here and the closing, and frequently does. And there’s always Murphy’s Law, so prevalent in Real Estate. But, maybe……

So in it comes, and we ponder.  Not one we can take, but it’s a start, and in some ways the best part at this point is someone wants our home, like we wanted it 7 years before.  Someone is going to the trouble of looking, thinking, contemplating their side of the bargain, and putting forward a proposal.  It’s the start of a dance that will take most of the next month, and maybe, just maybe have all of us dancing out the doors of an attorney’s office with something in hand that we’ve been working on for some time.

The negotiation phase has many faces, and takes many forms.  It was a true pleasure to put my experience to work for my family for a change since I love this part of helping people with real estate and it was very cool to do it for ‘us’ this time.  We took a few days to work out a final deal where we all felt satisfied with the outcome, and we got there smoothly.  Signed. Sealed. Delivered.

And then………..we’re done!  That was it – we were going to be selling the house, packing up and moving on.  Only a few inspections, appraisals and minor contingencies to get through, and off we go.   The stressful weeks were behind us, the worries, the perpetual cleaning for showings, the open houses……..  Details to complete, yes, but the real ‘work’ of this process was just wrapped up.

Well, not so fast.

Was This In Our Future?

Was This Day In Our Future?