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    February 2024

    While it may not have seemed like it in the past month outside, the spring real estate market is here. We are seeing activity with folks relocating into and out of the area. Buyers are looking in all price ranges, from the high-end to the most affordable options available.
    There is a property out there for every buyer, whether it is a city, country, suburban, or lakefront home, nonetheless supply is limited. If you have been thinking of selling, call today for an evaluation of your home in today’s market. If you are thinking of a move, we can help you, both here in Vermont and across the country- the time is right.

    We are seeing mortgage rates around 6.5% with zero points and loan limits have been increased. The FHA limit is at $498,0257 for single family and condos and conventional loan limits increased to $766,256 this year. Don’t let a limited amount of down payment funds keep you from buying. There are programs with 100% funding for Rural Housing or VA loans, and 3% down for conventional and FHA loans available. If you qualify you can buy a home with little or no money down! Current Jumbo mortgage loan rates (loans above the conventional loan limits) are comparable to conventional rates, call us for details. If you are thinking of a new home, vacation or investment property, now is the time.

    This year we saw 77 single family homes available on February 1st. The inventory is still at historical low levels but we did see a 31% increase over last year where we saw 59 single family homes available. If you are looking for a new home this year, stay in touch with us so you do not miss new properties coming on the market.

    We are also encouraged by the increase in new construction opportunities. There are wonderful new home and condominium options as well as great land parcels for sale. If your dream has always been to live in or design your new home, call us today. Lakefront buyers now is your season! Come look at the wonderful lake homes, camps and land so you can move in and get ready for summer fun on the lake.

    Our strong belief is that a college education makes a huge difference in the life and success of your children. Each year of formal schooling after high School adds 5% to 15% annual earnings later in life. It is also a fact that the cost of college tuition is high and rising. One way to pay for a college education is to purchase rental property when your child or grandchild is young. With the rates available now, paying the loan over 15 years will offer you equity to fund college. We have a great brochure that we can email or send to you titled Give Your Kids a Chance which explains how owning a house for your child can help to fund the cost of college. It is a great program.

    College applications are in, and our high school seniors are starting to receive their acceptance letters in the mail. It is an exciting time for these students. We are pleased to announce that our 27th annual Nancy Jenkins Scholarship will be given to two area students. Go to www.nancyjenkins.com/scholarship to apply. The scholarship is open to all area high school seniors.

    Are you ready to make a move? Our experienced team is here to help. With our topnotch personalized marketing, we ensure that your property stands out. From 3D Matterport tours to local and national advertising, we tailor our approach to showcase the unique features of your home and attract qualified buyers. Let us handle the details while you focus on your next chapter. Reach out today and let’s get started on achieving your real estate goals!

    Nancy and the Nancy Jenkins Team


    This Month’s Coupon:

     


    Featured Listing!

    Chelsea – $800,000

    World class fly fisherman’s heaven! Just over the historic Moxley Covered Bridge in picturesque Chelsea, this residence boasts substantial river frontage with over 1800 feet of meandering frontage along the First Branch of the White River, a haven for fly fishing & serenity! Enjoy the bucolic peace and quiet in total privacy that 128+ acres provide. This Vermont Contemporary home has 1824 sq ft and an abundance of natural sunlight. The home features wood floors throughout, exposed beam ceiling on the first floor and the warmth of natural wood accents. Entering from the barnboard-framed mudroom, the cheerful kitchen greets you with ample counterspace, walk-in pantry and opens to the dining area. From there you can enjoy the sunlight year-round in the solarium with views to the riverbank & enjoy the foliage display. Relax in the sunlit living room with cozy wood stove heat for winter nights. The adjacent office/den is the perfect spot for reading a book. The second floor features two bedrooms + a bonus room and a full bath with clawfoot soaking tub & separate shower. The walk-out unfinished basement offers storage, a workshop, gardening or hobby room and utility space. The 2-story barn with stalls can be used for animals or storage. The acreage is a mix of beautiful meadows with berry bushes, apple trees and mature woods providing year-round outdoor activities for all. The property is a nature enthusiast’s dream where you can fish, x-country ski, snowshoe, mountain bike and hike all on your own land. An easy drive to access I-89 south to Hanover, New Hampshire or north into the Green Mountains and beyond. A wonderful location for a visit to the local farmers’ markets, breweries, restaurants and day trip excursions to take in all that Vermont has to offer year-round! This property epitomizes the quintessential Vermont experience, offering a sanctuary away from the daily grind, making it a true retreat from the world’s hustle and bustle.

    Click Here For More Information

     


    Client Testimonial:

    “Amanda, Carol, and the entire Nancy Jenkins team were professional, efficient and friendly when helping us sell our home rapidly at a price that reflected fair market value. We readily recommend them to anyone interested in selling their home in the Champlain
    Valley and beyond.” – Tim Smith

     

    Special Thanks to Friends Who Sent Us Their Friends!

    Craig Couture, Judy Boyd, Mike Boyer, James Metz & Henry Kleiner


    ©2024 Nancy Jenkins Real Estate

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