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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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Mountain Home

Listed by Joy Tarbell


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Address: 1 Beechwoods At Intervale
City: Bartlett
State: NH
Zip: 03812
Country: USA
Neighborhood: Beechwoods At Intervale
Price: $249,900
Beds: 3
Baths: 2
Floors: 1
Year Built: 2007

Square Feet: 2,228
Lot Size: .53
Annual Property Tax: 590
Status: Sold
mls: 2697583


Full Description: Enjoy the scenery and the convenience of this fabulous mountain community, just minutes away from the major ski areas, and North Conway shopping, dining and entertainment. Enjoy your vacations or the rest of your life in this quality home. Fireplace, oak floors, stainless appliances, cherry cabinets. Worked hard enough? Here's a place to relax.
Home Features
  • Formal Dining, 
  • Mountain Views , 
  • Balcony, 
  • Carpeted Floors, 
  • Dishwasher, 
  • Fireplace, 
  • Hardwood Floors, 
  • Patio/Deck
Community Features
  • Hiking , 
  • Mountains
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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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