Mark Gracy’s Blog

FHA Advisory
If you are in default on an FHA-insured mortgage, and the lender intends to foreclose, you should know about the Mortgage Assignment Program. You will have to provide certain information to the FHA to apply for this program.

To be considered eligible for assistance, the home must your principal residence. You must be at least three full payments behind on the mortgage, and the reason for your failure to make the mortgage payments must be due to circumstances beyond your control, such as unexpected unemployment. The FHA must be reasonably certain that you can resume making the payments at the end of 36 months and that the accrued deficiencies will be paid back before taking over the loan.

The Veteran’s Administration also has a mortgage assistance program for those who have VA mortgages.
Read this online and get more information: FHA Advisory

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valliey MA

Andover, MA real estate - Looking for a new home can be exciting and frustrating. You can help alleviate the frustration by paying close attention to five key areas of the homes you’re considering buying; it may save you money in the long run.
Don Walker is an inspector and owner of Ace Home Inspections. He says there are five areas in homes that he frequently reports problems with.  For details on these 5 critical areas click here 5 CRITICAL AREAS TO WATCH DURING A HOME PURCHASE

Mark Gracy
Your Real Estate Resource
The Gracy Team
Keller Williams Realty
www.GracyTeam.com
(978) 984-3107 office
(978) 861-4016 direct
Servicing the Andovers, Merrimack Valley MA and Southern NH

If you are about to list a home that you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.

Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed. Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don’t ask for an expert to look at the house, it is the seller’s responsibility to disclose any known defects in the property. The seller’s agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.
Read this online and get more information: FULL DISCLOSURE

Andover, MA home for sale- This spacious 4+ bedroom home has over 4000 square feet of living space. The giant master suite is exceptional with an enormous vaulted ceiling private sitting room, separate office, & loft area. It also features his & hers closets & wood parquet flrs. Relax in the master bath spa tub or the 10×7 foot sauna. If you like to entertain the finished lower lvl with built in bar seats 6+ and large living space has a walk out to the landscaped yard & inground gunite pool & much more! Motivated seller offering this fine home at $475,000.
Details at http://www.MarkGracy.com/35McKenneyCircleAndover

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel and fax
www.GracyTeam.com
Keller Williams Realty
168 North Main St.
Andover, MA 01810
Serving the Andovers~Merrimack Valley

Methuen MA - Only $199,000 This 3 bedroom home features a living room with hardwood floors and a wood burning fireplace. The eat in kitchen opens to the oversized back deck and private fenced back yard. The versatile floor plan features a first floor bedroom possibility or office space, 2 more bedrooms on the 2nd floor and full bath. The oversized 2 car garage includes a bonus room which in was used as an office in the past, great for an in home business. This is a must see.
Details click here http://www.MarkGracy.com/186eastmethuen 

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valley MA

Beverly MA 3 bedroom colonial opportunity only $290,000 Large home in a great location near downtown. Large living room with fireplace, great dining room and eat in kitchen, Partially finished basement which could be completely finished for more living space. Over sized 2 car garage and flat private backyard. Dont miss this opportunity for a great home at a great value.
More details http://www.MarkGracy.com/7LongviewBeverly

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valliey MA

Andover MA determining value of your home
A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?

A professional appraiser’s opinion of a property’s market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.

An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.
Read this online and get more information: A Market Analysis

Find out what your neighbors home sold for www.MAHomeSOLD.com

Mark Gracy
The Gracy Team www.GRACYTEAM.com
Keller Williams Realty
(978) 861-4016 Direct
(978) 984-3107 Main

To search for homes in Andover MA  visit www.SearchMLSMA.com

Find out what your neighbors home sold for in Andover, MA www.MAHomeSOLD.com

To find out more about the hottest real estate in the Andovers contact me

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
AIM: markjgracy
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valliey MA

Andover, MA real estate - News of the bailout of the financial institutions sparked a stock market rally  last Thurs and Friday.  Rates trickled up a bit as oil prices, gold, and commodities are up as well.  Rates are 5.75 to 6.25 on thirty year rates.  The next economic data will be Wed. as existing home sales figures come out.

To find out more contact me

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
AIM: markjgracy
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valliey MA

Andover MA Single Family Homes - The percentage under agreement has continued to drop from a high of 26% in June to 12% in Sept.
With the Freddie Mac and Fannie Mae take over, Lehman Brothers failure and continued market turmoil rates have dropped to an incredible low!  If you were thinking about trading up to that dream home, buying some great priced investment property or perhaps refinancing your exisiting mortgage from it’s higher rate now is the time!
Call me for details on how to make your real estate dreams a reality and take advantage of the current economic shift.

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
AIM: markjgracy
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valliey MA