Burlington, Vermont is nationally recognized as a great city to visit, live and work. It is known for its healthy environment, livability and a commitment to a greener lifestyle. In 2010, Burlington was named as “One of the Top Ten Cities of the Decade” by Kiplinger’s Personal Finance. The city attracts businesses and people with its natural beauty, history, art, music and a variety of seasonal events. Potential buyers of Burlington VT real estate are presented with a number of housing options in and around the city. The city is the largest in Vermont and the hub of one the nation’s smallest metropolitan areas. The urbanized area of Burlington includes South Burlington, Winooski, Colchester, Essex, Essex Junction and Williston. These communities provide a variety of residential living options for those [...]
Burlington VT Market Report – 10/2010 YTD
Burlington Vermont Homes and Condos Sold The Burlington Vermont real estate year to date activity as of 10/30/2010 indicates that 2009 was the turning point for values with fewer transactions. Both single family homes and condominiums are reporting higher sales prices. Homes sold have decreased 95 over 2009 and condos had an 11% decline. Visit the Burlington Vermont community site for information that may impact property values. This resource will provide MLS searches, virtual tours, school, relocation and home buying information. Burlington VT Single Family Homes There were 125 homes sold in 2010 as compared to 138 with only 103 sold in 2008. The average sales price in 2010 has increased slightly from $269,527 in 2009 to $284,813 in 2010. In 2008, the average sales price was at $324,075 which was the [...]
Read the full article →Burlington Vermont Foreclosures
Burlington Vermont Foreclosures and Bank Owned Homes for Sale Burlington VT foreclosures, bank owned and REO (Real Estate Owned) are terms commonly used to describe properties that are owned by a lender (investor, financial institution; typically a bank), after an unsuccessful sale at a foreclosure auction. The lender will then resell the real estate by direct sale or market their inventory through a Realtor. Buyers often benefit by purchasing Burlington Vermont foreclosures as the lender’s interest is to dispose of the asset quickly and aggressively price them to reflect market conditions. The foreclosure process begins when the homeowner defaults on their mortgage. The first step for the lien holder(s) is to obtain the right to sell at auction. In VT, this process takes a minimum of 210-270 days and if [...]
Read the full article →Burlington VT Homes for Sale
Burlington VT Homes for Sale – A Home Buyer’s Guide Purchasing a home can be a very stressful and complicated process especially if you are a first time buyer. Enlisting the services of experienced real estate related professionals will provide you with the information and advice to make sound decisions in buying Burlington VT homes for sale. Buyers often interview mortgage loan officers, Realtors, attorneys, home inspectors, accountants and financial advisors during the process of purchasing real estate. Information regarding the home buying and selling process, demographics, commuting, school and relocation information can be found by visiting Burlington VT real estate. The Burlington VT Home Search Consumers in Vermont have the option of hiring a real estate agent to represent them in “buyer agency” and this is disclosed in a “mandatory disclosure [...]
Read the full article →Burlington VT Short Sales
Burlington VT Short Sales If you are buying a home and want the best “deal”, a Burlington VT short sale may be your best option. The process of finding and buying a short sale is not a typical real estate transaction. To have success, hire experienced professionals that understand all aspects of the transaction. Expert advice can be provided by real estate agents, attorneys, mortgage brokers or bankers and home inspector. Short Sale Defined Homeowners that have financial hardships may pursue a short sale prior to foreclosure. This process may be a preferable option to preserve their credit and limit their debt exposure. VT law often presents the lender with incentives to offer the homeowner other alternatives. The lender understands the market and the expense involved in foreclosing on property. Under the [...]
Read the full article →1040 sqft, 3 beds, 1 bath, single-family home in Burlington, VT – New North Endhttp://www.trulia.com/property/3064676645-34-Edgemoor-Dr-Burlington-VT-05408
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1668 sqft, 2 beds, 2 baths, single-family home in Burlington, VT – Old North Endhttp://www.trulia.com/property/3025392140-346-North-Ave-Burlington-VT-05401
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