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Sippican Woods

Sippican Woods in Marion

Sippican Woods to offer affordable homes

By Tanner Harding and Georgia Sparling | Jan 18, 2017

Photo by: Tanner Harding

MARION — More affordable housing is coming to Marion.

Following the completion of the Marion Village Estates apartments, Baywatch Realty is proceeding with its adjacent 36-house development named Sippican Woods. Nine of those homes will go to lower income families in a lottery to be held in February.

The development is part of the plan for 60 apartments and 36 homes approved five years ago to add “40B” affordable housing for residents. The “40B” regulation allows the developer to bypass local zoning restrictions if a percentage of homes are sold or rented at below-market costs to people who meet the income requirements, and if a town has not met the state-required 10 percent minimum  of affordable housing in its boundaries.

The apartments, all of meet the state’s requirement for affordable housing, were completed in August 2015 and are full, said Ken Steen of Baywatch Realty. Affordable housing takes into account the median income in an area.

Preliminary work for the houses is underway, and Steen said the first affordable houses will likely be completed by the end of this summer.

“How many qualified applicants we have will determine the rate at which we construct the affordable houses,” he said.

Each affordable home is approximately 1,600 square feet, will have three bedrooms and one and a half baths, and will cost $213,300. Homeowners Association fees are $45 a month.

The affordable homes will only be sold to households with incomes at or below 80 percent of the area median income. The maximum allowable income starts at $46,000 for a single person and goes up to $76,250 for six people.

Everyone in the household must also qualify as a first-time homebuyer, and the household must be pre-approved for a mortgage.

The town also requires that preference be given to local residents for 70 percent of the homes, or six of the nine.

For this requirement, an applicant must be a current resident of Marion, have resided in Marion for at least five years, have a child who has lived in Marion the past five years, or be a full- or part-time town employee.

The remaining 27 homes are also generating a lot of interest. Though Steen said there isn’t a hard timeline for the project, some of the houses already have buyers.

He also said the project could take a year to finish or it could take three. It depends on demand.

“We started marketing them about four weeks ago,” he said. “There’s been a tremendous amount of interest.”

The deadline for the application to participate in the lottery is Feb. 14 at 2 p.m., and the lottery will be held Feb. 28 at 6 p.m. at the Elizabeth Taber Library.

“We’re excited to get into the for sale portion of the project,” Steen said. “We look forward to completing it. We think it’s a great product. We think it’s something the town is in need of.”

For more information, attend an information session on Jan. 24 at 6 p.m. at the Elizabeth Taber Library, or go to www.s-e-b.com/properties/for-sale-developments.

Visit sippican.villagesoup.com for more local stories.

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University of Virginia

Jarred Reuter of University of Virginia Play at Boston College Tonight

At College: Marion’s Jarred Reuter is the quiet Cavalier at Virginia

University of Virginia

 

 

The Inn at shipyard park

The Inn at Shipyard Park Woes

Mattapoisett couple appeals nightclub decision

By Georgia Sparling | Dec 26, 2016

Photo by: Georgia Sparling

MATTAPOISETT — The building commissioner and the Zoning Board of Appeals agree that the Inn on Shipyard Park isn’t operating as a nightclub, but neighbors George and Maureen Butler say otherwise. And they’re appealing the Zoning Board’s Sept. 29 decision to Superior Court.

The appeal is the second filed by the couple regarding the Water Street restaurant and bar.

The Butlers filed an enforcement request with Building Commissioner Andy Bobola that sought to stop activities they deemed in keeping with a nightclub, including the volume of the music and the primary usage of the establishment. Since nightclubs are not allowed to operate in Mattapoisett Village, the town would have required the inn to close or to alter its operations.

Bobola declined to respond to the request, and the Butlers, represented by their attorney, Tom Crotty, tried to build a case for the inn as a nightclub with video footage recorded by the couple and other evidence.

The Zoning Board, however, sided with Bobola and denied the request, prompting the Butlers to file an appeal to the Superior Court, according to Crotty.

He said you “never know” what could happen, but for now it doesn’t look like a decision will be made until sometime in 2018 – at least a year and a half from the time the appeal was filed in early November.

Opponents have filed a motion to dismiss the litigation, and Inn owners Nils Johnson and Andrea Perry are hoping the end is in sight.

“I would love it all to just go away,” said Johnson.

The Butlers also appealed a decision upholding the expansion of the inn’s porch. That petition was filed approximately six months before the nightclub appeal and is scheduled to follow a similar 18-month path, unless it gets dismissed.

As for the nightclub appeal, Johnson said it should be between the town and the Butlers and his company shouldn’t be on the list of defendants.

“I’m not the town governing body. There’s no reason I should be in a legal battle. That’s a question for the town,” Johnson said.

Additionally, he said the inn has not overstepped its entertainment license, and they’re not operating the establishment differently than previous owners. At the September meeting, in fact, many supporters spoke up saying the inn is more quiet and orderly now than it was several decades and several owners ago.

The consistent support from customers has been an encouragement to Johnson as communication with the Butlers has not improved the situation.

“We are really humbled by everyone taking the time to care about the inn,” he said.

Visit www.sippican.villagesoup.com

This blog was posted on www.beyondboldmedia.com   on January 17, 2016.

Visit www.boldmovesrealestate.com for all your local real estate needs.

winter

Winter Home Staging

Winter Home-Staging

Selling homes during the winter months can sometimes be difficult.  Winter weather has a lot to do with this. Although many sellers may be hesitant to put their home on the market in January and February,  proper staging can ensure a quick sale and a good price.  Although buyers can understand barren trees and snow piles in the yard, accessibility is key to a good showing.

Agents can provide alternate directions or postpone the date of a showing or open house  if heavy snow is forecast. Also,  a safe path should be cleared from the street to the front door and  pathways  cleared to allow buyers to see certain outdoor areas, such as guest houses or storage sheds. Also, use the cold, snowy season to show how cozy the house can be.  Make sure each room is  warm, with windows and holes sealed and furniture moved away from vents to ensure proper air circulation.  If the home has a woodstove or fireplace, a crackling fire can add to the ambience of the home.  This is the best time to show them off.

Fabrics, rugs, curtains, bed linens, and tablecloths can all contribute to  the goal of creating visual warmth. Throws, pillows, and richly textured materials can be used to create a cozy image.  Winter-blooming plants can be placed near the entry, on the dining room table, or side tables around the couch to suggest the warmer months ahead.  Fresh flowers can also add to the hint of spring to come.

Don’t forget the sense of smell.  Mild winter scented candles or simply potpourri simmering on the stove can add to the warm, winter feel and can also mask any unpleasant odors of day to day living.

Decluttering and cleaning up can go a long way toward putting the home in the best light for potential buyers.  Let the perks of the season enhance rather than hinder the sale and this can mean less days on the market.

Visit www.boldmovesrealestate.com for a great team of BOLDIES who can help put your home in its best light and get it sold.   We can help with all your home staging needs with our own Laura Severino.

Kathy Eunsuk Song joins BOLD Moves Real Estate

Kathy Eunsuk SongBOLD Moves Real Estate is happy to announce that Kathy (Eunsuk) Song  has joined the BOLD Moves Real Estate team.  Kathy  characterizes integrity, hard work ,and  detail to  service.  Although just starting out,  Kathy has the energy and dedication to help you through every aspect  of your real estate transaction. She is excited to work all facets of the real estate market including representing sellers, buyers, and investors in both the residential and commercial market.

Kathy is fluent in Korean and greatly values  family with a devotion to God. She resides with her husband and two teenagers. She loves to cook and enjoys feeding her family and friends with diverse menus, such as Japanese, Korean, Chinese, Italian, Mexican, etc..

She has been trained and inspired in sales by Kate Lanagan MacGregor and Agent Rising Real Estate School.   She uses her experience and foresight to proactively address details before they become a problem. She works with love, integrity, commitment and  passion.   She is  fun to meet and prides herself on “100% Customer Satisfaction” because she treats her clients as a King or Queen.

Kathy can be reached at 413.313.4165 or Kathysong@boldrealtors.com

Visit y  for a great team of BOLDIES who can guide you through your real estate process.

Digging out after the Storm

Tri-town residents dig out after storm

By Georgia Sparling | Jan 08, 2017

Photo by: Georgia SparlingThe fluffy flakes didn’t exactly make great snowballs, but Christian Monty of Rochester had a great time trying to throw it anyway.

Tri-town residents woke up Sunday morning to find a winter wonderland and lots of snow, but for many it was good to be outside again.

“He’s been dying for snow,” said Susan Hagan said of her son Griffin.

The pair did make the most of Saturday’s snowstorm from their Marion home.

“We went sledding, had a snowball fight, made some cornbread,” she said.

The pair also had a painting project, but first they had to find the paint, which was delivered sometime after the snow started to fall.

“We had to go dig it out of the snow,” Hagan said as she shoved out her driveway.

Across the street, firefighters made their rounds, shoveling out hydrants.

Marion Firefighter Joel Waters said there were 250 to 300 hydrants in town that needed to be cleared of snow, in case of an emergency. About an hour into the job, Waters said, “So far, so good.”

During the blizzard, he noted that there had been some accidents on 195 as people slipped on the road.

In Mattapoisett, Fire Chief Andy Murray said it was relatively quiet during the storm.

“Seems like everyone was well prepared and stayed off the roads for the most part,” he said.

Mattapoisett resident Joanne Lane just moved back to the area after spending the past 20 years in Arizona.

“I had to learn how to drive in the snow again,” she laughed. “The snow was beautiful and lightweight. It was the perfect first snow.”

Other residents seemed to agree that it was the perfect snow.

“This is my kind of blizzard,” Sandy Hering said.

People felt lucky that the storm happened on a Saturday, allowing them to stay inside and off the roads.

“It’s unavoidable, so this was a beautiful way for it to happen,” Don Bamberger said. “And nobody lost power.”

Now, let’s see how long it takes to melt!

Tim Bolick doesn’t let the cold weather or snow keep him from training. “It’s just my normal training routine,” he said. (Photo by: Georgia Sparling)

The Dubreil kids have an adventure in Rochester. (Photo by: Heidi Dubreil)

Susan and Griffin Hagan enjoy the snow. (Photo by: Georgia Sparling)

This Mattapoisett snowman is the cat’s meow. (Photo by: Georgia Sparling)

Joel Waters and Dylan Glavin of the Marion Fire Department dig out fire hydrants. (Photo by: Georgia Sparling)

Sara Audette captured this photo of her niece Lila. (Photo by: Sara Audette )

Jim Wheeler and his dog Annie out for a walk after the storm. “We walked everywhere yesterday,” he said. “The roads were treacherous.” (Photo by: Tanner Harding)
Visit www.sippican.villagesoup.com for more local stories.
Bold Moves Real Estate has a team of BOLDIES ready to help you with your real estate needs.  Visit us at www.boldmovesrealestate.com
winter

Winter is Best Time to Sell

winterWinter Is Best Time to Sell, Study Shows

The housing market doesn’t hibernate in the winter. Sellers who list and buyers who buy often find the winter season the most advantageous time to make a move in real estate, according to a new study by the real estate brokerage Redfin. The winter season officially takes place between Dec. 21 and March 20, and real estate professionals should be ready for a season that often brings in more focused and active sellers and buyers.

Winter Sales

In an update to a two-year analysis it completed last year, Redfin researchers studied nationwide home listings, sales prices, and time-on-market data from 2010 through October 2014.

The study found that February is “historically the best month to list, with an average of 66 percent of homes listed then selling within 90 days,” according to Redfin’s research.

Even in cold weather cities – such as Boston and Chicago – researchers found that home sellers were better off listing their homes in the winter than during other seasons.

The winter tends to net sellers’ more than their asking price during the months of December, January, February, and March than listings from June through November. Listing during those four winter months has resulted in higher percentages of above-asking-price sales than listing during any months, other than April and May.

Redfin researchers found that in 2012 December listings were producing the highest percentage of above-asking sales for the entire year at 17 percent.

Researchers say the winter market is less competitive for sellers since many people tend to wait until the spring to list. The smaller inventory of active listings help sellers get more attention from buyers on their properties. Also, many large corporations often transfer employees or hire new ones early in the year, creating opportunities for winter sellers from very motivated purchasers.

Homes that are “priced right and show well can sell any time” of the year, says Nela Richardson, chief economist for Redfin. Winter buyers tend to be “serious buyers… Most people are not window-shopping” in December and January, like they do in the spring months, Richardson adds.

Sellers shouldn’t worry about the holidays hampering their chances either. A 2011 study conducted by realtor.com® found that 60 percent of real estate professionals advise their sellers to list a home during the holidays because they believe it’s an opportune time to sell. Nearly 80 percent of the real estate professionals surveyed said that more serious buyers emerge during the holidays, and 61 percent say less competition from other properties makes it an ideal time to sell.

As for buyers, they may find winter a good time to make a move too. Sellers often are more flexible about negotiations over prices and terms than they would in the spring, real estate professionals say.

“People get more realistic at this time of year,” particularly if their homes hadn’t sold during the summer and fall, says Mary Bayat, a broker in Washington, D.C., and chairwoman-elect of the Northern Virginia Association of REALTORS®.

Source: “Best Time to List a Home for Sale? Winter, Redfin Says,” Los Angeles Times (Dec. 14, 2014)

http://realtormag.realtor.org/

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This blog was posted on www.boldmovesrealestate.com on Jan. 6, 2017.

Freezin" for a Reason

Freezin’ for a Reason

Freezin’ for a reason

By Tanner Harding | Jan 01, 2017

Photo by: Tanner HardingResidents run into (and out of) the water quickly at the polar plunge.

MATTAPOISETT — Hundreds of brave residents welcomed in the new year with a quick dip in the ocean on Sunday afternoon.

The polar plunge was hosted by the Huggins family to raise money for the hidden costs cancer patients and their families face, such as childcare, gas, parking and food.

Michelle Huggins said she wasn’t sure the exact number of participants, but that she had 500 prayer ties at the entrance of Mattapoisett Town Beach and all of them were gone.

“At the entrance we give each person a prayer tie, so they can make a wish for the new year,” she said.

The prayer ties were then tied to ropes that were strung from the tent to a lifeguard stand.

Last year, the event raised $10,000, and so far, it has raised $10,800 this year.

“It’s a huge group effort,” she said. “One hundred percent of the money goes to tri-town families with cancer diagnoses.”

This year, the event added a DJ to amp swimmers up before running into the cold ocean.

It’s the event’s fifth year, and Huggins is grateful to see it grow year after year.

“It’s an amazing act of compassion and kindness when people come out on a holiday,” she said. “It just shows you that humans are kind in their intentions.”

To donate, go to www.gofundme.com/PolarPlunge2017.

Hundreds turned out for the event at Mattapoisett Town Beach. (Photo by: Tanner Harding)

Hundreds of colorful prayer ties fly in the wind. (Photo by: Tanner Harding)
Read more local stories at www.sippican.villagesoup.com
Visit www.boldmovesrealestate.com for a local team of BOLDIES who are committed to the communities we serve.
real estate

10 Real Estate Trends to Watch in 2017

real estateBy Beth Braverman

November22, 2016

Nearly a decade after the real estate crisis set off wild swings in the housing market, most markets finally stabilized last year. The election of Donald Trump has brought uncertainty into the industry, however. While the President-elect built his empire on real estate, he has said relatively little about what policy changes he might make regarding housing.  That’s not too unusual, since when the housing market is doing well it is generally not a campaign issue.

Here’s what the experts we spoke with expect to see in 2017:

1. Rising prices will keep pushing up homeowners’ net worth.
After a 6.3 percent increase over the past year, home prices are poised to rise another 5.2 percent through September 2017, according to a recent report from CoreLogic. Rising prices have doubled the amount of home equity held by Americans with the average homeowner gaining more than $11,000 in home-equity wealth last year alone. If home prices continue to increase as projected, Americans would add $1 trillion in home equity to their collective balance sheets next year.

2. But mortgage rates are going up.
Rates for conventional loans shot up nearly a quarter of a percentage point in the days following the election, the fastest increase since the ‘taper tantrum’ of 2013. That could be just the beginning; the Fed is expected to continue raising rates on a strong economy, and even before Trump’s election, the Mortgage Bankers Association was predicting that rates would reach 4.8 percent (an increase of nearly two percentage points) by the end of 2017. 

That means that borrowers who are looking to re-fi should do so earlier in the year, and buyers should consider locking in their rates during the closing process. While some worry that rising rates could dampen the housing market, job security and wage growth are larger factors on home activity than interest rates.

3. It’s getting easier to get a mortgage.
It’s easier to get a mortgage now than at any time in the past eight years, according to the Mortgage Credit Availability Index. That reflects an increased availability of both jumbo loans and low down-payment loans. Banks may also be more willing to work with borrowers over the next few years as they look to make up for a decline in refinancing business when interest rates go up. “The pendulum has been swinging toward a loosening of the credit box a bit,” says Daren Blomquist, a senior vice president with Attom Data Solutions. “I don’t think we’ll see a reversal of that with the new administration. We’ll likely see an acceleration.”

4. Rents will continue to level off.
While rents in most large metro areas will continue to increase next year, they’ll grow at just 1.7 percent next year, following a similar growth this year, according to Zillow’s rent forecast. The modest gains follow years of double-digit growths in many places and reflect inventory finally catching up with demand as builders create new apartment buildings to accommodate the nearly 40 percent of Americans who are choosing to rent rather than buy housing.

5. The share of cash buyers will move closer to normal.
All-cash buyers fell below 30 percent of home sales this year for the first time since 2007, and they’re projected to decline for the next two years until they get back to their historical average of about 25 percent, according to CoreLogic. That’s good news for some homebuyers who have struggled in recent years to compete with all-cash buyers in bidding wars.

6. New homes are getting smaller.
The median square footage for new homes this year fell for the first time since the recession. Smaller homes are the product of several trends driving the real estate market, including higher demand for homes close to city centers where space is tight, and continued growth in the “tiny home” movement.

The shift also reflects a renewed focus by builders on the neglected market of entry-level buyers. “They’re building smaller homes because people can’t afford to buy the larger homes anymore,” Chief Economist at Texas A & M’s Real Estate Center.

7. Inventory will remain tight.
While builders have increased production, they’re still only putting homes up at about 60 percent of the normal pace. Total housing inventory at the end of September increased 1.5 percent to 2.04 million existing homes for sale, but that’s still 7 percent lower than last year. Unsold inventory in September was at a 4.5 percent-month supply, down from 4.6 percent the previous month. (A six-month supply is considered a healthy market.)

That continued lack of inventory is one of the main factors behind rising prices. “It’s driven by supply and demand,” says Sam Khater, deputy chief economist at CoreLogic. “The lack of affordable supply is really driving up home prices.”

8. Foreign buyers will play a smaller role.
Foreign buyers, who have helped fuel the luxury real estate market in recent years, backed off a bit this year amid rising prices and an appreciated dollar and increased scrutiny from the Treasury Department. That trend may accelerate as foreign investors weigh the impact of a Trump presidency on their purchase.

9. It’s getting easier for first-time buyers. After years of shutting them out, the market has become slightly more welcoming to first-time buyers. “On the supply side, builders are finding business models to provide the level of product, such as townhouses, that first-time buyers are looking for,” says Robert Dietz, chief economist with the National Association of Home Builders. “And on the demand side, wage gains and the demographics of today’s millennials who are marrying and having kids later, will help.” 

Millennials are more secure in their jobs, so they’re better qualified for mortgages, particularly the low down payment options.  While inventory is still tight, many institutional investors have left the market, which makes it easier for first-time home buyers to compete for entry-level properties.

Visit www.thefiscaltimes.com for more stories.

Visit www.boldmovesrealestate.com for a great team of local realtors who will help you navigate the 2017 real estate market.

 

Christmas

Merry Christmas from BOLD Moves Real Estate

Christmas

BOLD Moves Real Estate would like to wish all our families, friends, and clients a wondrous and joyful Christmas and an inspiring New Year.  At this time of year, our BOLDIES team would like to thank all our clients for the pleasure of working with them during one of the most important times in their lives.  We know buying and selling a home is one of the most important and emotional decisions in anyone’s life.   We know that there are many choices out there and we thank you for choosing to work with BOLD Moves Real Estate.  We genuinely want to help our clients move into the home of their dreams or sell their home and move on.

A new year is a clean slate and the possibilities are endless.  Dream big and make 2017 the best year it can possibly be.

Visit www.boldmovesrealestate.com to meet our team of BOLDIES and see how they can make your 2017 shine.