New Listing! Expanded, Very Spacious Farm Home in Swanton

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New Listing | 189 St. Albans Road, Swanton

Amazing pride of ownership is portrayed in this expanded farm house with much more space than you wold think. The first floor offers vaulted ceiling, wood stove, a remodeled kitchen with a large breakfast bar and double oven, walk-in pantry and laundry area. The dining room and large living room are perfect for entertaining. There is also a full bathroom, den and family room with a bay window. Upstairs boasts a master suite with a private deck. Includes even more square footage with the fully finished basement. Enjoy the rest of your summer and fall lounging on the screened, covered porch enjoying the lovely landscape and wildlife. Plenty of storage in the two car attached garage and large out building. The yard has plenty of room to play yet easy to maintain and has a stream and tree house. Feels like you are secluded yet only minutes to shopping, I-89, Montreal and Burlington.

Call (802) 488-3488 to schedule an appointment today!
Please click here for further information regarding this property.

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House Flipping: Risky but Profitable

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With mortgage rates expected to rise this Fall, house flipping will become riskier due to the fact that the buyer pool will be shrinking based on higher income needs for buyers to qualify for their loans.

Flipping, which is generally defined as buying and selling a home in the same calendar year, was popular during the housing boom when investors could get easy mortgage financing but this time, investors need cash.  As housing prices decline and distressed homes dry up, the investors would demand more cash.

According to RealtyTrac, home flips made up just 4.5% of sales in the second quarter of this year, down from 4.9% a year ago.  However, the gross return on investment, increased to nearly 36% which is up from 24% from one year ago.

Daren Blomquist, vice president at RealtyTrac said, “Despite the rise in flipping returns in the second quarter, home flippers should proceed with caution in the next six to 12 months as home price appreciation slows and a possible interest rate increase could shrink the pool of prospective buyers for fix-and-flip homes, while average flipping returns are up substantially from a year ago at the national level and in moderately priced markets such as Miami, Atlanta, Phoenix and Minneapolis, flipping returns are softening in some of the higher-priced markets such as San Francisco, Seattle, Denver and Los Angeles.”

Nevada and Florida, where the share of distressed homes are still relatively high, are still seeing the most flipping action, but Chicago, Dayton and Baltimore offer some of the best gross returns.

New Listing! Gorgeous Vernacular Style Farm Home in the Heart of Westford

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New Listing | 22 White Church Lane, Westford

Gorgeous Vermont vernacular style farm house in the heart of Westford with a wrap around covered porch and back deck to relax on. This home offers a wide open floor plan with beautiful Ash wood flooring throughout the first floor. The kitchen boasts shaker style, Cherry cabinets, a lovely butcher block island and stainless steel appliances for the chef at heart. Plenty of room in the large walk-in pantry and work area. The mudroom with built -in shelves and closets is perfect for the Vermont seasons. Upstairs offers a master suite with walk-in closet and 2 more bedrooms along with a nook, which is perfect for a computer or reading area. The lovely colors and fixtures make this home warm and inviting. Includes an over sized two car garage with storage. The beautiful landscaping with rock walls, pond and patio is amazing! Also, roof mounted solar array=0 electric billVenmar Heat Recovery Ventilation Systemhighly efficient wood furnace with 620 gal storage & radiant heat throughout

Call (802) 488-3488 to schedule an appointment today!
Please click here for further information regarding this property.

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