|T&B Trending March 2015 Vol 2-2015|
Housing Market Continues Slow Climb Toward Stable Levels
The latest Multi-Indicator Market Index (MiMi) from Freddie Mac, released Wednesday, showed that the U.S. housing market showed continued stabilization for the fourth straight month in December.
Q4 2014 Commercial Real Estate Cycles from Dividend Capital
Source: Ted C. Jones
There is one blog topic that I write about quarterly that is preceded by several calls and emails as to when it is scheduled to be available – The Cycle Monitor – Real Estate Market Cycles from Dividend Capital, prepared by Dr. Glenn Mueller from the University of Denver. Read more >>
FHA launches historic homebuyer ‘care package’ for 2015
After several years of lackluster participation in the housing market, first-time homebuyers are getting a boost from the Federal Housing Administration (FHA) this year.
March 2015 Newsletter Trending Now
Source: Topkins & Bevans Blog
This is the time of the year when all of us have no choice but to pour through our bank statements, credit card statements, checks and acknowledgments from charities regarding contributions….. While you are going through this data-producing exercise, you might want to consider your Will, and other elements of your Estate Plan, at the same time.
Topkins & Bevans
Boston, Braintree and Waltham
|T&B Trending January 2015 Vol 1-2015|
|Top StoryNovember 2014 Job Growth – 7th Best Month in 10 Years Source: Dr. Ted C. Jones
Job growth continues to accelerate into the fall and winter as November 2014 saw 321,000 net new jobs (preliminary) added on a seasonally-adjusted annualized rate. That was the seventh best month of job growth in the past 10-years. Read more >>
In The News
Forecast: Full Steam Ahead for Housing
The housing market will continue its gradual recovery and gain momentum in 2015 after a disappointing 2014.
Home Sales, Housing Starts Expected to See Significant Growth in 2015
Improvements in economic fundamentals, notably employment growth among millennials, will fuel significant increases in home sales and housing starts and a modest rise in home prices in 2015. Read more >>
In Our Neighborhood
First-time homebuyers given more options to buy a home by FannieMae and FreddieMac:
Source: Topkins & Bevans Blog
Earlier this week new lending guidelines for first-time homebuyers were released in a statement by the FHFA Director Melvin L. Watt . Watt wrote “The new lending guidelines released today by Fannie Mae and Freddie Mac will enable creditworthy borrowers who can afford a mortgage, but lack the resources to pay a substantial down payment plus closing costs, to get a mortgage with 3 percent down. Read more >>
Like everyone else’s business, my business as a Massachusetts real estate lawyer runs in spurts. Lately, I have been involved in three situations concerning Easements. In one situation, a client of mine is buying a guest house while the Seller is retaining the major home. All the systems, however, run through the major home. To make things more complicated, some of the utility lines actually leave the street and pass over the land my client is purchasing. A reciprocal Easement is needed to protect both sides in terms of repair and access. With the assistance of an excellent surveyor, who drew up recordable plans which I can use, I should be able to articulate the rights of the parties in a manner that does not give rise to disputes somewhere down the road.
The other Easements were retained restrictions imposed a relatively long time ago by a land owner who wanted to protect the environment. Since these Easements were put in place, the Towns where the property is located have become much more vigilant in enforcing local and state conservation laws and codes. The people who put on the restrictions originally now are willing to remove some of the more onerous restrictions, since times have changed and there has been other development in the neighborhood. We are very close to reaching agreement, which enhance the value of both the retained and purchased land, and still provide requisite environment protections.
Because they represent encumbrances of the title, all Easements start with an accurate title report. Until we know who the current lien holders on the property are, we cannot complete the Easement work. In the case of the major home-guest house, the owner of the major home has a mortgage on his property. A Subordination of this mortgage to the Easement must be obtained before the Easement can be fully in effect. This takes some time, so we will hold back some funds from the Seller until the Seller delivers the Subordination. One never knows how long obtaining the Subordination will take. I am going to request that 1.5% of the purchase price be held back. That should “encourage” the Seller to act quickly.
In the restrictive Easements situations, my goal is to either eliminate, or weaken, the effect of the restrictions. That will take some negotiating and compromise, but restrictions like these, while laudable, can really make the value of property diminish.
The last issue is whether a full certified Plan is necessary for an Easement. I have prepared Easements where a sketch of the property lines and rights of way is adequate. Naturally, I would prefer a Plan prepared by a Surveyor, in recordable form. Most of these considerations are financial, but unless there is precision in Easement drafting, which includes accurate depiction of the property in question, the money saved in the present tense may be spent many times over in the future.
Home-ownership is often complicated, and never exactly what you expect. Nothing you have done previously in your life can prepare you totally for owning a home. Don’t get me wrong: there is not a greater believer in home ownership than I. All I am saying is that there are some definite steps you should be taking, and moves you should be making, and the sooner you get things organized properly, the easier you will find the home ownership experience. Here is my list of “do’s” and “don’ts”, in no particular order of importance:
- DO file for a Homestead. I do deal with Homesteads each and every day. There is no downside to recording the Homestead Declaration, unless you think a $100 dollar investment to protect $500,000 is not a good deal. How you will employ your Homestead when it is necessary is not something you can predict. Just understand that you only need to file a Homestead once, and it will endure through countless refinancing transactions. A Declaration of Homestead is truly “the gift that keeps on giving”.
- DON’T be a careless record keeper. The current tax laws are extremely favorable to middle-class America. If you have lived in your home for at least 2 of the last 5 years, you can sell your home and not pay any capital gains tax to a maximum exclusion of $250,000 for a single person and $500,000 for a married couple. Especially these days, that exclusion covers most of us, and we can make one, two or more transactions without any concern for paying the tax man. Well, there is no guarantee that our law makers will continue this tax benefit forever. What if fiscal needs require the termination of this program? Are you ready to recreate your tax basis in your home? Do you have records of improvements and additions which can be added to your tax basis? The time to determine whether you do is NOW, not when you are staring down the barrel of a tax audit.
- DO be a believer in preventive maintenance. Letting needed repairs slide is not a good idea, even in a recession. If your roof is not sound, or you need new windows, get the work done before greater woes befall you. You may find that the payback with new windows on energy costs justifies the expense. Ditto with needed insulation. Attend to these items as they are needed. You will receive the benefit.
- DON’T wait too long to consider Elder Care transactions with regarding your home. If you are fortunate, and have children you can trust, you may want to consider getting your home out of your name and into a Grantor Trust. These Trusts can be helpful later on, but there are waiting periods in place to prevent abuses and every time they change, they seem to get longer. Don’t let this go so that when you decide you want to make a move, you too close to need attendant care to insulate your assets. Again, each circumstance is different, but certainly 60 years of age is not too early to start planning.
Earlier this month, I represented a Seller in a Boston condominium. Every transaction has its issues, and the issue in this matter was the fact that the Condominium, which had more than sixty (60) units, was undergoing renovation, and there were going to be Special Assessments to pay for same. The Seller and Buyer spent a substantial amount of time and effort trying to figure out an equitable way to split the responsibility for same. I normally take the position that if the subject of the Special Assessment is looking backward [repairing a rotted roof, foundation cracks or brick pointing], it is clearly the Seller’s responsibility. If the subject is a new feature for the Condominium [recreation room, pool] the Buyer should pay. There is never a clear path, but, generally, if both the Seller and Buyer are motivated, we can reach agreement.
Once I put this matter to bed, it occurred to me that Assessments, which are often viewed with horror by both Buyers and Sellers, are really a positive sign of good Condominium governance, and not something to avoid. As I started to think about Condominiums which I have owned, or assisted people in buying or selling, I realized that not having Assessments, and addressing either deferred maintenance or improving the Condominium complex, is, in fact, a negative factor, because when problems do arise, they are that much more significant since they have been ignored no long. For example, the Condominium where I live has not changed its monthly fee, or had a Special Assessment, for the more than the twelve (12) years I have lived there. I do not view this as a good thing: I view it as sloth and indolence on the part of the people who run the Condominium.
The bottom line is that there is a lot of deferred maintenance in all homes, but especially in Condominiums. If you live in a Condominium, where management is up-front and pro-active in keeping the systems and components in good shape, chances are that there will never be a major problem, because the smaller problems are being addressed on a continuing basis. I now also believe that “self-management” is really a code word for “cheap”, and that a self-managed condominium is not as valuable as one which has professional management and experienced operatives dealing with normal, and extraordinary, issues which arise. The more I see of self-management, the more I see megalomania. That results because like our political system, competent people are not willing to serve as Trustees and condominium officers, so people without experience or framework assume power, often leading to poor decisions and a Condominium with no prospects of having the value thereof increase. The only thing these individuals possess is plenty of spare time, and the old adage “if you want to get something done, ask a busy person” very often applies.
Fastrack Sunglasses Are Cheap
Eyewear or specs aren’t the equipment which assistance vision even so are also effective ways to develop trend assertion. I met with two beautiful girls who have been picking out the Ray Ban 3025 sunglasses when they were also discussing which looks improved and unique when they put them on. However, as to the those who continuously pursue fashion, sunglasses are not just simple tools for sunshine prevention pculos rayban but a sort of symbol of trendsetter and also the total well being.
Also, the frames are included in this one day sale, though ray ban italy vs china the jury is still out if the Ray Bans ray ban aviators bloomingdales and Oakley have influenced the style as of yet. The public sale comes on the heels of Google announcing that Google Glass will get a KitKat update pushed to the product next week.
Frames that say "handmade" on the temple will almost always be manufactured from better materials than that of mass produced frames like most Luxottica lines (Ray ray ban aviator small arista Ban, Coach, Burberry, Tiffany, etc) or frames made in China.
If the outdoors calls your name and you spend a good amount of time in the sun, then glasses that provide nearly ray ban rb3362 cockpit oo1 100% UV ray protection are the way to go. Link eyeglasses and Romeo Gigli sunglasses are some of the very few inexpensive sunglasses that offer the ray ban india repair best style, protection, and comfort.
Repair Of Persol Sunglasses (4 Steps)
So you are out for shopping and want to shop new goggles for your beautiful eyes. RB 3016 Clubmaster composes of plastic lenses and stainless steel mostly in gold color, which surrounds the lenses, and the ray ban 3293 price in usa bridge. The best color which goes out ray ban 2113 temples with most faces is G-15 (mix of green and gray); only Ray Ban has it on their sunglasses. These sunglasses are heavier than any other Ray Ban eyewear, giving you a feel of brawny sunglasses on your face.
Ray Ban only uses the highest quality rubber on its products, and therefore the rubber on the glasses should be flexible ray ban stores in the uk but durable and not feel slippery, slimy, fragile or like it could easily be removed.
These marks on your Oakley sunglasses ray ban remix wayfarer will easily wipe away without residue, eliminating leftover haze and reducing the effort required to ray ban flash lenses copper clean the ray ban fake store lenses. A very similar material was used in Oakley’s first product, the "Oakley grips", used on motorcycle hand grips (mentioned earlier).
Did You Know Ray Ban Clubmaster Sunglasses
Because of the popularity and relatively high price of the genuine Ray Ban sunglasses, you may find lots of pirates in the market. ray ban justin lens size While Ray Bans now have been adopted by the next generation of Hollywood style setters, and are being worn by many ray ban rb3026 l2821 62 types of celebrates, from actors, to sports icons, to you name it… President Barack Obama has been seen sporting a pair of Ray-Ban sunglasses ray ban za žene around Washington DC. It appears he has made the Ray-Ban brand his personal choice when it comes to sunglasses.
No matter which color combination you end up choosing, Ray Ban 2132 has glass lenses which means the lenses are scratch-resistant, provide complete protection form harmful UV ray ban rubber havana brown gradient 865 13 rays, ensure clarity and block bad blue light.
If you find a great pair of Ray Bans for a price just too good to be true…well, they probably belong to the fake Ray Ban variety. Ray ban sunglasses win the hearts of fashion icon with its large frame and dazzling and stunning color. The style of Clubmaster series is more suitable for Asian face, and the design is also sharp pos and more personal, which make you cooler. Ironically, the square” image is brought out by an orbicular shape – Ray Ban knack for reversing and subverting ideas makes itself evident here as well. Whether it is fact or rumor, for sure she is also a Ray-Ban wearer sporting the Ray-Ban 3316 Clubmaster.
Several concept devices are also emerging which do away with the need for in-store technology, examples of which include a mobile application unveiled at Mobile World Congress 2012 developed by Texas Instruments which enables ray ban wayfarer honey brown consumers to try on Ray Ban sunglasses via ray ban eyeglasses for big heads their tablet; a US-only app from eBay also focused on sunglasses; and the recent PR campaign by high-street clothing brand H&M which allowed users to take pictures of virtual clothes in stores using their smartphone, superimpose them over pictures of themselves and share the results on Facebook.
‘Magic Mike’ Sequel Will Be Called ‘Magic Mike XXL,’ Directed By Steven Soderbergh’s AD
Is the fastest growing online community selling affordable yet high quality progressive glasses and other eyewear. Other brands have followed since, nevertheless replica ray ban 3183 it was Ray Ban that started it. They eventually learned that frames made of graphite are ray ban women’s glasses ideal for sunglasses since it lets them be very lightweight while at the same moment both strong and flexible.
It was in ray ban sunglasses rb4105 folding wayfarer 50 1952 that the Ray Ban Wayfarer Sunglasses revolutionized the sunglass industry by breaking from the norm of metal shades that had till then ruled the roost. Ray Ban 2140 Sunglasses- Ray Ban is famous for introducing the evergreen aviator style in the eyewear industry.
After this photograph was taken and printed in almost every newspaper throughout the states, Ray- Ban found instant popularity with the civilians back ray ban glasses nz home. ray ban rb8403 carbon fibre If you have prescription Ray sunglass hut ray ban mirror Ban sunglasses you should check with the retailer where you bought the glasses or the doctor who filled the prescription. Also, even if you receive a real pair, your Ray Ban’s warranty is not going to be valid
Specifications For Polarized Ray
Aviator sunglasses for men, also known as pilot ray ban 3293 fake glasses have a long and classic history both in real life and in Hollywood movies. Everything is same on this model like other Aviators : double bridged, full rimmed, metal frame. Ray Ban 2846: Oversized sunglasses – they’re perennial favorite with the fairer sexual intercourse and Ray Ban knows the pulse of most fashion-loving women. The Yellowish-blue shape with geometrically shaped glasses inside colors like haze, turquoise and brownish will definitely make women proceeding mad over it. It won’t just be stuck on them, not a sticker, it would be etched on to the glasses. The ray ban cockpit rb3362 04 sunglasses fad that is in vogue right now is ray ban shooter johnny depp glasses that have designs on the frame.
It is of prime importance to mention here that while an ordinary dark lens sunglasses are going to be more than sufficient for the routine activities, certain activities such as snowboarding ray ban 3025 copy is call for specialized yellow lenses in order to make sure that the blue light can be reflected.
Tesla has demoted CEO Martin Eberhard, replacing him with interim CEO Michael ray ban original wayfarer london rare print edition Marks, with the company seeking a permanent replacement for Eberhard who will be moving to a role defined as "President of Technology." It’s hard to pin down a precise reason for the demotion: the only negative news to come out of the Tesla camp is the "scaling back" of the roadster’s battery capabilities back in April.
There, in this tiny bucolic town, on the banks of ray ban glasses to buy the majestic Hudson and a mere twenty minute trolley ride from New York, for $12 monthly rent Man Ray had space, extraordinary vistas, plus the company of Stieglitz, arguably the greatest early American 20th century photographer, and the whole Ridgefield gang of artists, including the poet and critic Alfred Kreymborg, Marius de Zayas and Marcel Duchamp.