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Cramer: Forget About Buying A Second Home

MainStreet.com, September 10, 2008 — ...Right now the banks are having a hard time securitizing second-home loans. Fannie Mae hasn't been willing to take them, perhaps because of this crisis. They ALWAYS used to have a program set aside for second homes. The banks don't want to get stuck with them.

...When the rich are getting turned down for second-home mortgages, it is a sign that the prices are simply illusory UNLESS you can buy in cash. Perhaps that's next down the road as the price of real estate grounds down.
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Vacation Homes For Sale and Vacation Rentals

Luxury NH Vacation Home

Listed by Joy Tarbell


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Address: 133 Amethyst Hill Road
City: North Conway
State: NH
Zip: 03860
Price: $445,000
Beds: 4
Baths: 4
Floors: 3
Year Built: 1980

Virtual Tour: http://www.visualtour.com/show.asp?T=1588531&prt=10003
Garage Size: 2-car
Square Feet: 4,261
Lot Size: 2.03
Annual Property Tax: 5,506
Status: Active
mls: 2730937


Full Description: Enjoy living in a spacious Contemporary home, steeped in amenities to insure your comfort and pleasure. Relax in the hot tub, read in the solarium, enjoy the gazebo and deck, and treat your family and friends. 4 bedrooms and 4 baths provide plenty of room and privacy for guests. 4,261 square feet of living space incorporates multi-zone heat and a woodstove to save on your energy bills.

Located in a convenient, yet private location in the heart of North Conway, you'll have easy access to shopping, dining, entertainment, and all the attractions of the Mount Washington Valley. You'll love this home all year round. It's perfect for vacations, in-town living, or retirement. It's time your hard work and success paid off.

Home Features
  • Hot Tub , 
  • Jacuzzi , 
  • Carpeted Floors, 
  • Fireplace, 
  • Patio/Deck, 
  • Washer/Dryer
Community Features
  • Hiking , 
  • Mountains, 
  • Bike Paths
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Listed by: Joy Tarbell
Phone: 603-356-7200 ext 11
Mobile: 603-986-8188
Fax: 603-356-6161
Homepagehttp://www.JTRealty.com
Info: I specialize in luxury homes, particularly lakefront and trailside homes. I also have many long-term clients who buy and sell properties regularly. I try to help all of my clients maintain a profitable real estate portfolio, keeping them apprised of market conditions. I make sure my buyers know about well-priced properties that meet their specific criteria. When the market is ripe for selling certain properties, my long term clients are the first to know. I am your personal Realtor.




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