Every news report I read reports improving real estate sales in Massachusetts. According to  the Boston Globe sales of single family homes in Massachusetts rose 3% in 2009, the first year over year increase since 2004.  Whether or not this trend continues is the subject of much debate.  There is much speculation and many opinions as to whether or not the housing market will continue to recover after the government home buyer tax incentives expire.  Let’s take a look at single family home sales in Andover and North Andover. 

 In Andover the average single family home price in 2009 was $574,387 down .9% from the 2008 average sale price of $585,193.   A total of 252 single family homes sold in Andover in  2009 up 1.6%  over 2008 sales.

In North Andover the average single family home price in 2009 was $459,480 down 14.2% from the 2008 average sale price of $528,274. A total of 195 single family homes sold in North Andover in 2009 up 7.8% over 2008 sales.

You see the market data can be very different even in two neighboring towns.  Knowing and understanding your local market is critical when making buying or selling decisions.   See what homes have sold in YOUR NEIGHBORHOOD. 

Remember the home buyer tax credit has been expanded to include current homeowners who have lived in their current homes for 5 of the previous 8 years.  There are income restrictions and homes must be under contract by April 30, 2010.  Find out here how to take advantage of this tax credit and start searching for your new home here in the Andover area.

I have about 45 days to get 1st Time Home buyers (or anyone who has not owned a home in 3 years) under contract so they can get the $8000 Tax Credit from the federal government as part of the Stimulus Package.

This program is going away in 80 days and I want to help as many people in the Andover area as I can.

Who do you know that wants to own their 1st home?  I have a great lender who can help you.

Housing prices are great and interest rates are great, but are predicted to go up with inflation. When interest rate go up, buyers cannot afford as much home.  Timing is perfect!  Start your home search with my FREE Email Updates.

Yes, it’s still doable.  Together we can find and close on your new home before the November 30th deadline.  That’s when the federal tax credit program expires.  But we’ve got to get started right away.  We need to find out how much home you can afford, put together a plan and start looking at homes. The timeline doesn’t mean we throw caution to the wind….of course not.  As your Andover buyer agent I will guide you through the home buying process diligently and carefully…tax credit or not, buying a home, especially your first, will always be l a critically important financial decision and one that deserves the guidance of an experienced professional. Contact me at RE/MAX Partners for a free no obligation buyer consultation. There has never been a better time to buy a home.

There has never been a better time to buy your first home!  Did you know you can apply your first time homebuyer tax credit to your down payment?  You don’t have to wait until tax season to recieve your credit you just have to act now….seriously…now.  While I always chuckle at the TV ads that beckon the viewer to “call now” – in fact it’s become one of our weird family jokes, you know, teasing each other to ”Call now, honey” whenever we see one of those comercials. However, when it comes to this historic tax credit, I’m very serious.  “Call now” because time is truely running out and buying a home…especially your first home…requires careful thought, guidance and consideration.  I can help save you time and money by guiding you through the process and customizing your home search to meet your needs and budget. Whether your looking to buy a home in Andover, North Andover or any of the surrounding towns or neighborhoods….call now because the clock is ticking.

Hopefully by now you’ve heard about the 1st time homebuyer tax credit.  Help me spread the word to all of your neighbors here in Andover and North Andover. Aren’t sure it you qualify?  Here are some guidelines:

First time home buyers and people (or spouses) who have not owned a home for the previous 3 years.  You must purchase your home before December 1, 2009.

• Only your primary residence qualifies…no vacation homes or investment properties.
• The maximum amount of the tax credit is $8000 or 10% of the purchase price for a single person making $75,000 or less or a married couple make $150,000 or less. $8,000.
• If you make more than the $75,000/$150,000 limit you get less of a credit you may qualify for a lesser amount. The maximum income is $95,000 for singles or $170,000 for couples.  If you make more than the maximum income you are not eligible for the tax credit.

The tax credit is a real boon for first time home buyers and does not have to be repaid.  If you qualify for the tax credit and have been considering purchasing a new home there could not be a better time.  Low interest rates, low home values and the first time home buyer tax credit all add up to the right time to contact me at REMAX Partners in Andover.  I can help answer all your questions and help you find your first home!

For more information: Realtor.org

Seriously, its August 11….time is running out and this is free money for qualified first time home buyers. Search the MLS for your new home in the Andover area and contact me for more information  about how you can take advantage of this tax credit. You must close on your new home by November 30, 2009.

Time is running out…November 30, 2009 is the target date. You must close on your new home by then to qualify for this historic tax credit.  Whether you’re looking for a home in Andover, North Andover or a nearby community the time to act is now!  Take a look at this video and then start searching the MLS  for your new home in the Andover area today and contact me, your Andover RE/MAX Real Estate Agent.

Click on the photo to find out more about the first time homebuyer tax credit

Time is running out…November 30, 2009 is the target date. You must close on your new home by then to qualify for this historic tax credit.  Whether you’re looking for a home in Andover, North Andover or a nearby community the time to act is now!  Take a look at this video and then start searching the MLS  for your new home in the Andover area today!

The new $8000 tax credit for first time homebuyers isn’t just good news for homebuyers.  It’s great news for home sellers as well.  First time homebuyers taking advantage of this incentive will make it possible for many sellers to find qualified buyers for their homes.  Those sellers in turn will then be able to purchase their next home and so on and so on and so on.  This NECN interview with the President of the Massachusetts Association of Realtors may answer some of your questions about the $8000 tax credit program and the current Massachusetts real estate market in general.