Law Offices of Fred Peet
Fred Peet
November 2019
Real
The Law Offices of Fred Peet Representing buyers and sellers throughout Vermont


Scary Issues That Can Kill Your New Home Joy
Be afraid. Be very afraid. That new home you’re thinking of buying might not be as perfect as you think. Danger lurks behind every wall. Or maybe just one. Either way, it's probably something you should know about. 
      Buying a home is full of challenges, and the one that might be the most frustrating of all is finding out there’s something wrong after you’ve already closed escrow. In many cases, you may have recourse against the seller if there is an issue that wasn’t disclosed, or against the home inspector if he or she missed something serious. But even then, you’re still left with a problem you have to deal with when all you want is to be enjoying your new
Mortgage Rates
U.S. averages as of November 2019:


30 yr. fixed: 3.75%
15 yr. fixed: 3.18%
5/1 yr. adj: 3.4%






are eight things to look for before signing on the dotted

Now That It’s Fall, Did You Miss the Home Selling Boat?
     Worried you missed your window when it comes to selling your home this year? It’s true that spring and summer are the hottest (literally) seasons of the year, with more buyers out there looking to purchase a home and get settled before school starts. Also, there is some recent data out there that says that October and December are two of the slowest months of the year for home sales. 
      But that doesn’t mean you can’t offload your home now, or that you won’t get a good price if you do. If you have to list now and you want to get your home in the best position to sell quickly and for a good number, heed these tips. 
      Make sure your home is market ready Buyers at this time of



New Appraisal Rule: What Does It Mean for You?
     A new home appraisal rule just went into effect—the first time in 25 years that "federal regulators have increased the property value limit of the homes that require an appraisal as part of the selling process,” said REALTOR® Magazine. The rule exempts some home sales priced at $400,000 and below from requiring an appraisal. That figure was previously capped at $250,000. "The new rules likely apply to about 40% of home sales, regulators estimate.”
      So how will this affect home buyers and sellers? First, it should be noted that those homes that do receive the exemption still have to be evaluated "to provide an estimate of the market value of real estate collateral,” said Housingwire. "The agencies state that the evaluation must be ‘consistent with safe and sound banking practices.’ To that point, the rule establishes that an evaluation "should contain sufficient information and

The Law Offices of Fred Peet

55 Patchen Road
South Burlington, VT 05403
802-860-4767
800-683-3903 (toll free)
802-860-2822 (fax)
fpeet@peetlaw.com



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Meet Our Real Estate Law Team

 

Attorneys:
    
Fred V. Peet
    
Richard C. Maxson
    
Christopher M. Perra
     Kevin J. Shortell
     Paula LeBlanc
     William Flender
     Eric Derry

Paralegals/Legal Assistants:
     Doreen Guthrie
     Sherry Barton
     Amy Benway
     David MacPeek
     Shawn A. Nelson
     Karen Eddy
     Elise Martin
     Marcy Brigham

Closing Coordinator:
     Katy Kennedy



  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
October Real Estate Roundup
Mortgage Loans: What You Can Do On Your Own and What to Leave to Your Lender
The Basics of Down Payment Assistance Programs
Is It a Good Time to Buy a House?
Five Chic Fall Home Trends


Fred Peet
E-mail: fpeet@peetlaw.com
Website: http://www.peetlaw.com
802-860-4767 (phone)
800-683-3903 (toll free)
802-860-2822 (fax)
Law Office of Fred Peet
(802) 860-4767
55 Patchen Road South
Burlington, VT 05403


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