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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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Saco River Log Home

Listed by Rona Ahearn


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Address: 50 Timber Shore Drive
City: Conway
State: NH
Zip: 03813
Price: $385,000
Beds: 2
Baths: 2
Floors: 2
Year Built: 2005

Garage Size: 4-car
Square Feet: 1,960
Lot Size: 1.63
Status: Active
mls: 2662814


Full Description: It's great thinking about living in your own log home. Dreams of floating on a crystal clear river in the heart of the mountains come easy. But life is real, and when you know what you want, you have to be prepared to move. This incredible log home comes with so much more... Make entertaining easy with a gourmet kitchen, a spacious great room with a huge fieldstone fireplace, and a unique ambiance flowing throughout. You'll be close to skiing, the mountains and golf. And you'll have easy access to the Saco River. Are you prepared? Call us. We can make it even easier.

Home Features
  • Formal Dining, 
  • Jacuzzi , 
  • Dishwasher, 
  • Fireplace, 
  • Gas Range, 
  • Hardwood Floors, 
  • Microwave, 
  • Patio/Deck
Community Features
  • Hiking , 
  • Riverfront
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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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