Unlock Your Homeownership Dreams! Are you dreaming of owning a piece of paradise on Martha’s Vineyard? We have exciting news for you! New and affordable mortgage programs are now available, offering a golden opportunity to turn your homeownership dreams into a reality. Whether you’re a first-time buyer or a medical professional, these exclusive programs are designed to make your journey to owning a home on Martha’s Vineyard easier and stress-free. Let’s explore these fantastic mortgage options that will open doors to your dream home on this idyllic island. New Martha's Vineyard Affordabl ..read more

MARTHA’S VINEYARD HOUSING MARKET Are you concerned about inflation and mortgage rates and how they might impact your plans to buy a home in Martha’s Vineyard? Understanding the recent decision made by the Federal Reserve (the Fed) can shed some light on the situation. Here’s what you should know. INFLATION AND THE HOUSING MARKET Despite the Federal Reserve’s efforts to control inflation, recent data shows that the inflation rate is still higher than the desired target of 2%, although there has been some improvement. In response to this, the Fed decided to raise the Federal Funds Rate la ..read more

Martha’s Vineyard Martha’s Vineyard – The picturesque island off the coast of Massachusetts is a popular vacation destination for the world’s wealthy individuals, including many celebrities like the Obamas. The island’s exclusivity, seclusion, and natural beauty make it a true paradise and a highly sought-after investment opportunity. Owning a property on Martha's Vineyard is not just a luxury, it's a wise investment. Owning a property on Martha’s Vineyard is not just a luxury, it’s a wise investment. The island’s charming small towns, sandy beaches, and vibrant arts scene make it the p ..read more

Introducing "the Islander" Exclusive mortgage Program by one of our trusted lending partners! Are you a YEAR-ROUND MV RESIDENT thinking of buying a new home, but are waiting because you currently don’t have enough savings to reach that 20% down-payment goal to avoid paying Mortgage Insurance? Don’t worry, there is a new mortgage program that can help you make your dream of homeownership a reality! I’m so excited to share that one of our local banks has just rolled out “The Islander” mortgage program at a 5.75% APR exclusive for year-round residents of Martha’s Vineyard! here are the de ..read more

The 7 key steps to follow when selling your home  Selling a home can be a complicated and stressful process, but with the right guidance, it can be a rewarding and successful experience. Step 1: Hire a local Realtor® While it’s possible to sell your home on your own, most people choose to work with a Realtor®. We can help you price your home, market it effectively, negotiate with buyers, and handle all the paperwork and legal requirements. You’ll want to find a Realtor® who has experience in your area and who you feel comfortable working with. Step 2: Determine Your Home's Va ..read more

LOWER MORTGAGE RATES ARE BRINGING BUYERS BACK TO THE MARKET “Now’s the time to get your house ready to sell.” 2022 Housing Market As mortgage rates rose last year, activity in the housing market slowed down on the Island, as it did across the country. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant many homeowners on Martha’s Vineyard decided to press pause on selling. Q1 2023 Housing Market Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mor ..read more

THE “M EXEMPTION” As of January 1st, 2023 the new “M EXEMPTION” for first-time MV Homebuyers went up to $800K (up from $715k in 2022 and $595k in 2021) for individuals purchasing their first MV property. Meaning that if you were to purchase a home for $1mil you would only be required to pay the 2% Land Bank fee on the difference of $200k vs. the entire $1mil.⁠ What is the MV Land Bank?⁠ The Martha’s Vineyard Land Bank was created in 1986 with the goal of conserving wildlife habitat areas, wellfields, aquifer recharge areas, marshes, beaches, farms, scenic vistas and to promote conservat ..read more

FACT: MORTGAGE RATES ARE FINALLY COMING DOWN! While 6.33% is the national average for a 30-year fixed-rate mortgage, according to Freddie Mac, I encourage you to reach out to your LOCAL LENDERS as their rates may be SIGNIFICANTLY LOWER. ⁠ This is the case for my preferred Lender here on MARTHA’S VINEYARD, whose rates are well under the national average! Martha's vineyard Mortgage Rates My Preferred Lender’s Rates as of 01/12/23 Conforming loans under $726,200: -30-year fixed at 5.625% 0 points (apr 5.651) Jumbo loans over $726,200: -30-year fixed at 5.99% 0 points (apr 6.010) -10/6 ..read more

2023 Real Estate Predictions  Martha’s Vineyard Market Update The 2022 housing market was defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. What happened? As the Federal Reserve made moves in 2022 to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices. And as all those things changed, some buyers and sellers put their plans ..read more