No Monthly Payments for Six Months

Westwood Associates is now offering its clients a “no monthly payments for six months” program to eligible and qualified buyers. Basically, the first six months you live for free. This offer is “huge” said Sue Zamis, the marketing and sales director. The offer is not limited to strictly principal and interest payment, but it also includes payments for condominium fees, real estate taxes, and typical homeowner’s insurance premium. For example, on a $299,900.00 home at a 6% interest rate amortized over 30 years with a 10% down payment the monthly payment equates to approximately $2,350.00 per month savings. The monthly payment will vary depending on the terms of the mortgage and the mortgage amount.

The monthly payment savings attained from this program would provide needed relief from unexpected expenses often seen at the time of closing. The program also provides flexibility to the extent that the monthly payments can be made at any time the clients feel is appropriate. In essence it could be used as insurance when a mortgage payment is missed or a payment can not be made due to unforeseen circumstances. Another option would allow buyers to apply any balances toward the payment of the outstanding mortgage when the home is sold.

Townhomes Now Available in New Phase

Westwood Associates is pleased to announce the opening of a new phase here at Flint Pond Estates. The homes that will be available are located on the opposite side of the Flint Pond Drive that was already constructed. The homes available are identified on their web site as units 3-8 and 66-72. Many of the homes in this phase of the development offer water views. According to Sue Zamis, Sales and Marketing Director, most of these homes can be ready for occupancy within 3-4 months from the date the P & S agreement is signed. She was also confident that the recent increased activity at the site will continue as many buyers express their belief that the market has bottomed out. She said that “the time to buy is just right”. She believes that Seller concessions coupled with the first time homebuyer’s tax credit provides an outstanding home buying opportunity. A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Flint Pond Estates Occupancy Celebrated

The long anticipated occupancy of the initial townhouses here at Flint Pond Estates was celebrated on March 6, 2009 with the closing of 56 Flint Pond Drive. By April 3rd, 2009, three more buyers moved into their new homes. According to Westwood Associates, by the end of October there will be at least 14 more new residents enjoying their new homes. The buyers are elated. Buyers experience can best be surmised when Mrs. Dorothy Nacimento of 56 Flint Pond Drive said “My home buying experience at Flint Pond Estates was exceptional. From the moment I expressed an interest in purchasing a townhouse at Flint Pond to even after the final closing, everyone was professional, courteous and always available for any questions I might have throughout the entire buying process“. One of the recent buyers, Ed and Noreen Thorne, who have purchased 2 Paxton Court had the following to say “We looked at many, many complexes before buying at Flint Pond Estates…The experience of buying at Flint Pond Estates has been greatly enhanced by working with the knowledgeable, professional and courteous staff and we very much appreciate their efforts. We are very happy to be a part of this emerging community and look forward to many years of enjoying the experience of living at Flint Pond Estates.”

Now is the Time to Buy!

Weather permitting, Westwood Associates expects by the end of January 2009 to complete and have ready for occupancy its first townhouse in the condominium. “This is a very exciting time. Buyers have completed their options list and their color selection forms and are already visualizing their home and their new neighborhood complete.” said Sue Zamis, the companies marketing representative. She is very optimistic about the future. She went further to say that we have already experienced a higher level of activity including many who have already visited the site are coming back again. Coupled with the recently announced lower interest rates at 4.75% she believes that the time is just right to make the commitment to buy. Her expectations are high and bullish. Her bullish attitude is a reflection of news that Grafton and Massachusetts in general has not been affected by the significant reduction in sales due to excessive number of homes subject to foreclosure unlike many places like California, Florida, or Arizona where the foreclosure crisis in those states is well known. For example, 25% of all foreclosure activity in the US is taking place in California. In Massachusetts, less than 2% of the residential mortgage loans are in default or in foreclosure. That is good news for buyers and sellers in our area. According to Ms. Zamis, at an interest rate of 4.75% fixed at 30 years the monthly payment on a $299,900.00 townhome currently on sale at Flint Pond Estates is approximately $2,553.00. This monthly payment includes the real estates taxes, private mortgage insurance, and condominium fees, and homeowners insurance. "Now is the time to buy” said Ms. Zamis.