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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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North Conway Vacation Condo

Listed by Rona Ahearn


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Address: 34 Northbrook Circle
City: North Conway
State: NH
Zip: 03860
Price: $179,900
Beds: 2
Baths: 2
Floors: 1
Year Built: 1992

Square Feet: 1,250
Annual Property Tax: 3,165
Status: Sold
mls: 2732663


Full Description: Don't you deserve the best location in town? This 2 plus bedroom condo has great winter views of the skiers at Cranmore in winter and is neat as a pin. Priced so well, comes fully furnished with washer/dryer, woodstove, pool and tennis. Low fees!

Located just north of the village, you'll have easy access to skiing, shopping, dining & entertainment, golf, and all the attractions. A great place to spend your vacations, retire, or live in all year round.
Home Features
  • Mountain Views , 
  • Cable/Satellite TV, 
  • Dishwasher, 
  • Fireplace, 
  • Patio/Deck, 
  • Washer/Dryer
Community Features
  • Pool, 
  • Tennis Courts
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Listed by: Rona Ahearn
Phone: 603-356-7200 ext 16
Fax: 603-356-6161
Homepagehttp://www.jtrealty.com/rona.html
Info: I have saved $6000.00 for a buyer client of mine by making sure they didn't overpay for their condo and this can't be done without putting the right clause in the contract. I make sure sellers and buyers are doing the right thing for themselves in every transaction.

Sharing interests in the Valley is what it's all about, and of course, expertise in real estate. If you're ready to start looking for that 2nd home, or want to relocate like I did, I'll help you to find that perfect place to call home in the White Mountains of New Hampshire.





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