Southern Vermont Board of Realtors News, Publicity and Press Releases

Don't Miss the SVBR Membership Meeting on April 19, 2012

Kathleen Sweeten, RCE — Thu, 01 Mar 2012 16:33:12 GMT

Hermitage Inn, West Dover
8:30am - 9:30am

This is the regular quarterly membership meeting of the Southern Vermont Board of REALTORS.

There is no cost, but advance registration is required.

Register online now or call 1-800-290-0414.

Or call 1-800-290-0414 to register

NOTE: The registration is for the Breakfast Meeting ONLY! If you are interested in attending the CE Class "Vermont Residential Building Energy Standards", please register on the Vermont Association of REALTOR's website at www.vtrealtor.com.

Free NAR Webinar: Productive Engagement With Appraisers

Kathleen Sweeten, RCE — Tue, 03 Jan 2012 20:29:44 GMT

Thursday, Jan. 12, 2012, 3 p.m.

Appraisals continue to be a source of concern. Real estate practitioners say valuations in many cases aren't conducted by experienced appraisers who are familiar with the area, and as a result, valuations don't consistently reflect market conditions. At the same time, practitioners are uncertain about the most appropriate way to engage with appraisers under new and evolving rules. The increasing involvement of appraisal management companies (AMCs), with their own rules and criteria, adds to the uncertainty.

To help practitioners take a fresh look at how to work with appraisers, Anna Ruotolo of RPM Mortgage will share her ideas from a lender's perspective. Ruotolo will talk about:

What questions to ask appraisers.
What kind of information you should give them.
What to do if you believe an appraisal is inaccurate.

SVBR REALTOR of the Year Troy Richardson

Kathleen Sweeten, RCE — Fri, 17 Sep 2010 12:37:10 GMT

Congratulations to Troy Richardson, RE/MAX Maple Leaf Realty in Bennington on being named SVBR's 2010 REALTOR of the Year.

Troy was recognized, along with REALTOR's from all over Vermont at the Vermont Association of REALTOR's Annual Convention in Stratton, VT.

Troy's serves as a member of the SVBR Board of Directors. He also represents SVBR on the Board of Directors for the Northern New England Real Estate Network (NNEREN).

Congratulations Troy!

Vermont Association of REALTORS® is once again sponsoring the VT-NH Susan G. Komen Race for the Cure

Troy Richardson — Thu, 15 Jul 2010 04:20:20 GMT

July 7, 2010 -- The Vermont Association of REALTORS® is once again sponsoring the VT-NH Susan G. Komen Race for the Cure, Saturday, July 17th at Hildene Meadows, Manchester, Vermont. It’s the 9th year that Team REALTOR® will be participating.

The Vermont Association of REALTORS® has a long history of giving back to the community and this annual event garners enthusiastic participation among the REALTOR® community. This year Team REALTOR® is on track to increase the size of the team and is expecting 45 -50 supporters from across the state. They’ve made a $10,000 goal and are currently in second place for pledges made. See www.vtREALTOR.com for more about joining Team REALTOR® or making a pledge.

“Race for the Cure is all about community and hope,” says Team REALTOR® co-chair Mark Linton. “The events are amazing reminders about the power we have to make a big impact when we come together to tackle problems. It’s really moving to see so many neighbors and colleagues working to change the face of breast cancer – a disease that effects too many of our wives, mothers, aunts, sisters, daughters and friends.”

Last year the Vermont-New Hampshire Affiliate of Susan G. Komen Race for the Cure awarded $464,690 to 19 community-based programs for breast cancer education, screening and treatment.

Since 1993 the organization has raised more than $6.7 million, of which $5 million (75% of funds raised) was devoted to breast cancer education, screening and treatment programs in Vermont and New Hampshire. The remaining $1.7 million went to support the Susan G. Komen national research program.

Grant recipients are located throughout Vermont, from St. Johnsbury to Bennington, and support a range of services from education and mammograms to holistic support programs and retreats for breast cancer survivors.

“This is one of the most uplifting events you could participate in and I am really excited for this year’s race,” says Betty McEnaney, Team REALTOR® co-chair. “The whole event highlights the best of Vermont – neighbors helping neighbors and supporting a great cause. My REALTOR® colleagues are so generous with their time and commitment to this event.”

This year’s Race for the Cure has lots of new ways to get involved and even has a new race day. It will be the first time that the race will be held on a Saturday. Other changes include Sleep in for the Cure, for people who can’t race but want to collect pledges and the Power of Ten, a fundraising incentive to have each team member ask ten people for a pledge of $10 each.

More information on the Vermont- New Hampshire Affiliate of Susan G. Komen Race for the Cure is at www.vtnhcure.org.

Home sales down, but value steady

Troy Richardson — Mon, 25 Jan 2010 22:12:36 GMT

By BOB AUDETTE , Reformer Staff

BRATTLEBORO Even though the number of home sales in Brattleboro has dropped significantly since the stock market crash, the sale prices of those that have sold have remained above the assessed values determined in the 2005 reappraisal, said Al Jerard, town appraiser.

In the first 11 months of 2009, there were 130 sales in Brattleboro and in 2008, there were 148 sales. In 2007 and 2006, there were 211 and 260 sales.

Values peaked in 2007 and declined slightly in 2008, said Jerard, but much less than in Massachusetts and New Hampshire. Vermont properties actually increased in value in the third quarter of 2009, said Jerard.

“Vermont was one of only seven states to show a positive trend in the third quarter,” said Jerard, and trends in Brattleboro are consistent with the rest of the state.

Just the same, property owners in Vermont shouldn’t be breaking out the party favors yet.

“I don’t feel the housing market is out of the woods,” said Jerard, during Tuesday night’s Selectboard meeting.

Nearly every home and business in Brattleboro has had a visual inspection, he said, and about 90 percent of those buildings had internal inspections.

“The listers thank the property owners of Brattleboro for the excellent cooperation we received during this process,” said Jerard.

Now that the data collection process is complete, the Listers Office will compare the values to recent sales prices and review the results for equity and fairness, said Jerard.

By late May or early June, a first draft of the grand list will be available and all homeowners will be notified about their new appraisals. The grievance period will start as soon as the draft is released, said Jerard.

Once the draft grand list is presented, the state will calculate the town’s common level of appraisal.

In 2008, the town’s CLA was 87.32. In 2009, the CLA was 87.52, a change that Jerard called “essentially flat.”

When the state does set the CLA, he said, it is expected it will be close to 100.

The new appraisal will not affect this year’s tax rate, said Jerard, because the state will calculate a new CLA sometime in June, several months after the tax rate is set.

Bob Audette can be reached at raudette@reformer.com, or at 802-254-2311, ext. 273.

Realtors continue fundraising efforts for youth

Troy Richardson — Sat, 19 Dec 2009 21:13:03 GMT

By BOB AUDETTE, Reformer Staff

BRATTLEBORO - For the past 26 years, a group of area real estate agents has raised more than $150,000 to meet the needs of area youth.

It started in 1983, when members of the Southeastern Vermont Board of Realtors learned the family of a Dummerston girl, who had serious medical issues, didn’t have the financial means to pay for her care.

The SVBR is now known as the Southern Vermont Board of Realtors.

As a result, Frank Martocci, Cathy Eakins, John Morrison and Al Carbone formed the Realtors Youth Benefit Corporation so they could donate funds to the family.

At first, they borrowed money from SVBR to pay for the medical care. They then established fundraising events to pay for RYBC’s charitable giving.

Those events included auto raffles and the construction of new homes, profits of which went to the fund. Along the way, they started a golf tournament to benefit the fund. “The golf tournament is our major fundraiser,” said David Brown, of Better Homes and Garden/Masiello Group, a member of the RYBC’s Distribution Committee.

Last September, the RYBC raised $6,250 as a result of the tournament, which is held at Haystack Golf Course.

The fund was originally established to meet medical needs that were not covered by insurance, said Brown. “We still do some of that,” he said, but much of the focus has been shifted to enrichment type programs for children living in difficult situations.

“We have seen an increasing need for kids with special needs because of the changes in state laws,” said Brown. “It’s clear that there are needs not being met and we’re committed to helping fill in the gaps.'

Ginger Gaudette, the mother of two young boys, said the RYBC helped her get them into summer youth programs.

“I had to cobble together different activities and camps,” she said. “All that stuff costs money.” The RYBC was one piece of the puzzle.

Gaudette, who is divorced, receives a small monthly stipend from her husband, who is currently in prison.

If not for RYBC’s help, she said, she would have had to quit her job to care for her boys during the summer.

“Without the help of the community, I would have been in a real jam,” she said.

Cindy Coble, the mother of a 13-year-old autistic boy, Jack, thanked the RYBC for helping to pay his tuition to the New England Youth Theatre for the past seven years.

Coble, a single mother with three kids, wasn’t having financial difficulties until she was hit by a car while riding a bicycle, requiring seven surgeries.

“RYBC has been there consistently for Jack and I can’t express my gratitude enough,' said Coble.

Jack’s health problems made school difficult for him, said Rebecca Waxman, the executive director of the New England Youth Theatre.

“This was a kid ready for success,” she said. Since his first foray onto the stage, Jack has excelled, said Waxman.

“His energy on the stage is limitless,” she said. “In every show he has been in he has been outstanding. It’s really delightful to watch him.”

Though the NEYT is rightfully proud of the work it’s done with Jack, Waxman said the credit belongs to his mother.

“I commend Cindy for doing an exhaustive search to help Jack get the help he needs,” said Waxman.

Brown said it has been a pleasure watching Jack’s progress with NEYT.

“He really thrives in that setting,” he said.

Over the years, the RYBC donated money to a number of young people for eye glasses, dental work, medical bills and tuition for camp and after school programs.

“We have great communication with the area service providers such as Youth Services, Brattleboro Parks & Recreation Department, River Gallery School, Green Mountain Girls Camp, YMCA Lewis Day Camp, Camp Waubanong, and New England Youth Theatre among others” said Brown.

In addition, the RYBC has worked with Mollie Burke and supported her summer arts project at Westgate Housing Community through her Art in Neighborhood organization, the Circus Arts Camp and the Therapeutic Horse Back Riding Camp.

To be eligible for funds, a child must be referred by an outside agency, such as a school or a health care provider.

Bob Audette can be reached at raudette@reformer.com, or at 802-254-2311, ext. 273.

SVBR Announces New Board

Troy Richardson — Mon, 25 Jan 2010 22:09:22 GMT

Southern Vermont Board of REALTORS® took care of business at their December meeting while celebrating the year’s end at the Hermitage Inn in Wilmington, VT. 90 members of the approximately 174 SVBR members were in attendance for the Holiday meeting where new members Amy Pritchard, Joe Cardamone, Maggie Deutch, Adam Granger, and Dan Mason were introduced, in addition to the new Board of Directors and those members with 20 years, 30 years and 40 years of membership were recognized.

President Donna Rommelt, Vice-President Lisa Beaudoin, Secretary Kelley McCarthy, Treasurer Linda Brophy, State Representatives Mark Linton and Paul James with Local Board Representatives John McPherson, John Hatton Troy Richardson and Lynne Matthews will serve through December 31, 2010. Troy Richardson and John Hatton were also announced as representatives of the southern region of Vermont on the Vermont MLS (Multiple Listing Service).

Jennifer Densmore, Ken Spicer and Linda Brophy were recognized for 20 year membership; Janet Walkiewicz, David Berry, and Pam Long for 30 years and Penny Arms, Fred Jenness and Eric Hoyer for 40 years of membership.

More news and upcoming meeting information can be found at www.svtrealtors.com or by calling SVBR’s office at 802- 464-3344, Southern Vermont Board of REALTORS®, 193 Route 9 East, Suite 7,Wilmington, VT 05363-1745.

Realtors® Youth Benefit Corporation Gives All Year

Troy Richardson — Sun, 06 Dec 2009 16:18:34 GMT

Christmas is all year, every year, for some organizations such as the Realtors Youth Benefit Corporation, which has raised and distributed more than $150,000 to area youth since 1983. Originally, members of the Southeastern Vermont Board of Realtors® who were involved in the NAR (National Association of Realtors®) “Make America Better” Committee heard the story of a young daughter of a Dummerston, VT farmer who had serious medical issues, but whose family did not have the financial resources to manage it. Realtors® Frank Martocci, Cathy Eakins, John Morrison and Al Carbone were inspired to form Realtors® Youth Benefit Corporation so they could donate funds to the young person in need. Though they had originally borrowed money from their parent organization, SVBR, they initiated many events and continue to raise funds each year primarily now from the RYBC Golf Tournament that occurs in the fall at Mt. Haystack Golf Course. This September, the tournament raised $6,250 profit after expenses.

The Realtors® Youth Benefit Corporation evolved beyond just raising money for kids with medical needs when Frank Martocci spearheaded the house building projects which was coordinated with Brattleboro Union High School Career Center. Attorney Timothy O’Connor along with John Morrison, Al Carbone, Frank Martocci and bankers at First Vermont Bank helped RYBC raise more funds while helping students build houses and learn how the real estate industry works.

RYBC has distributed money to various young people throughout Windham County over the many years for eye glasses, dental work, medical bills and scholarship or tuition for camp and after school programs for area youth. David Brown, of Better Homes and Garden/Masiello Group, has been a long time member of RYBC and serves on the Distribution Committee explained “the evolution of the needs of the area kids has grown from just medical needs into enrichment activities such as camps, swim passes, sports and artistic endeavors for kids who don’t have the funds. We have great communication with the area service providers such as Youth Services, Brattleboro Parks & Recreation Department, River Gallery School, Green Mountain Girls Camp, Lewis Day Camp, Camp Waubanaug, YMCA Camp, and New England Youth Theatre among others. We have worked with Mollie Burke and supported her summer arts project with Westgate through her Art in Neighborhood organization for a few seasons as well as the Circus Arts Camp and Therapeutic Horse Back Riding Camp. We have certainly seen an increasing need for kids with special needs because of the changes in state laws and we work hard to keep the RYBC fulfilling its mission. It’s clear that there are needs not being met and we’re committed to helping fill in the gaps.”

Ginger Gaudette, mom of Charlie and Sam Galanes, is still full of gratitude that RYBC paid the summer camp fees one summer when her family experienced an unfortunate incident. Gaudette further emphasized, “It was such a relief to me knowing I could go back to work and while my 7 and 9 year olds were engaged in healthy activities. I also appreciated the importance of RBYC asking for some kind of professional backup to my request. They seem to have a good rapport and coordination with professionals and services providers in the area to meet kids’ needs.”

“School guidance counselors are often the source for special requests, especially for those needs that are not met by other programs,” adds Brown. “In recent years, we were able to provide special beds, a special size mattress and even a custom life vest that allowed a child to take swimming lessons, which none would have been covered under the family’s insurance programs.”

There are numerous Realtors® including Janet Walkewicz, Nancy Long, Anne Duzinski who with the RYBC 2009 Golf Tournament Committee Chairperson Realtor® Associate Barb Yanke, Realtors® David Brown, Danielle Lauris, Brandy Speno, Lisa Dibernaardo, Roni Byrne and Mark Linton work hard to make Christmas an ongoing year round activity. RYBC has a new website www.rybcvt.com and can also be contacted via Southern Vermont Board of Realtors® website www.svtrealtors.com.

Bringing the Dream of Homeownership Within Reach - Home Buyer Tax Credits

Troy Richardson — Sun, 29 Nov 2009 19:44:10 GMT

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

Download a chart comparing the tax credits available for 2009 or Frequently Asked Questions about the revised tax credit.

Who Qualifies for the Extended Credit?

First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.

Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

If you purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum allowable credit for current homeowners is $6,500.

How is a Buyer's Credit Amount Determined?

Each home buyer’s tax credit is determined by tow additional factors:

The price of the home.
The buyer's income.

Price

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer Income

Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

Can a Buyer Still Qualify If He/She Closes After April 30, 2010?

Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

SVBR and its members are not qualified to give tax advice. For assistance with your individual situation, please consult with a tax advisor. This information is presented to the best of SVBR's knowledge based upon information available, but is not guaranteed.

SVBR Brings "Green" Home

Troy Richardson — Sun, 06 Dec 2009 16:20:56 GMT

Brattleboro, VT – Southern Vermont Board of Realtors® listened and learned more about Energy Conservation Services at their November monthly meeting as part of their ongoing educational mission in assisting home buyers and sellers. Vermonters have always struggled with balancing energy conservation while keeping warm in often, older drafty homes. Green technology has been changing rapidly in today’s world and understanding the complexities of air flow, insulation and weatherization in concert with solar, photovoltaic, and wind power make it valuable while evaluating financial programs available to finance the work. Realtors® education in green building is becoming more essential in the decision-making process of purchasing or selling a home or commercial property.

Jonathan Dancing of Energy Conservation Services, L3C is a newly formed consortium of “Community-based contractors working together to build a sustainable future” presented a talk and discussion with the members of Southern Vermont Board of Realtors® regarding the most recent developments in energy audits and the full spectrum of renewable energy conservation services that are available in the area. Jonathan Dancing also presented the full array of services and programs available to homeowners through Efficiency Vermont and Green Mountain Power.

Southern Vermont Board of Realtors® represents all Realtors® in southern Vermont with new office headquarters at 193 Route 9 East, Suite 7, Wilmington, VT 05363-1745, www.svtrealtors.com. Administrative Executive Barbara R. Ferguson can be reached at 802-464-3344, admin@svtrealtors.com.

A Great Place to Raise Kids? Try North Bennington

Troy Richardson — Wed, 02 Dec 2009 20:13:59 GMT

NORTH BENNINGTON -- Anyone thinking about raising children in Vermont may want to consider North Bennington first. That's what Business Week says in its recent "2010 Best Place to Raise Your Kids" ranking.

In the business magazine's annual selection of the top municipalities in each state to raise children, the most heavily weighted criteria considered the affordability, safety and school test scores in each.
Also considered were the number of schools, household expenditures, air quality, job growth, family incomes, diversity, museums, parks, theaters and other amenities of each town.

Information of towns and cities, and in North Bennington's case at least one village, was gathered by the magazine in collaboration with OnBoard Informatics, a New York-based provider of real estate analysis.
North Bennington, with a listed population under 1,400, the magazine said "is a small town with the state's oldest fire company, four churches, a library, post office, railroad station, a dozen stores, a few restaurants, hiking trails, a college, a 35-acre lake, two schools and a symphony orchestra."

Matthew Patterson, chairman of the Village Trustees, said he wasn't aware of the news before Thursday, but said he's long thought of the village as one of the best places to raise a family. "I'm not surprised in the sense that I've always felt that we've known that secret as members of the community, but it does take me by surprise," Patterson said.

When hearing the news, Patterson immediately pointed to North Bennington Graded School, which he referred to as the "glue of the community," and as a major factor making the village attractive for families.
"Certainly what would have created that honor is our school; that's what sets us apart," Patterson said. "It's a unique school with the dedication of families to its programs."

James Williams, a member of the North Bennington Prudential Committee, said what differentiates NBGS from other elementary schools is the community's involvement in the student's education.

"We really focus on individualized education," Williams said. "We really understand that it takes an entire community to support local education ... it's not just the students, it's not just the teachers, it's not just the parents, but it takes an entire community to achieve what we are, and what we are going to achieve."

Patterson said hiking trails that wind through open land in the village, Bennington College and Lake Paran where kids fish year-round and swimin the summer also add a lot to the community.

"It's kind of a perfect storm of features that has allowed the village to be what it is," Patterson said.

Although, Patterson said there are many towns in the state that offer similar amenities and, like all towns, there are hardships as well. "Some of those things that make us what we are also make it difficult to be who we are." he said.

Business Week states in the article that selections on the list were limited to towns with at least 45,000 residents and a median income between $40,000 and $125,000 in 49 of the states. "Vermont was given a pass on the population restrictions because none of its cities would otherwise have made the cut," the article says. It lists North Bennington's median income above $54,000.

North Bennington's selection takes the throne from Burlington, which was named the top place in Vermont to raise kids in the 2009 edition.
Also receiving mention in the ranking are the towns of Bradford and Newbury, which were chosen as runners-up in Vermont.

by DAWSON RASPUZZI

John Hatton Achieves National Association of Realtors® Green Designation

Troy Richardson — Sun, 06 Dec 2009 16:38:59 GMT

Brattleboro, VT – John Hatton with Berkley & Veller Greenwood Country Realtors has been awarded the National Association of REALTORS®’ [NAR’s] Green Designation, the only green real estate professional designation recognized by NAR.

John achieved this prestigious designation after completing 18 hours of course work designed specifically for REALTORS®. The courses were created in collaboration with a multidisciplinary team of industry experts from across the country; ensuring designees gain comprehensive knowledge of green homes and buildings and issues of sustainability in relation to real estate.

More specifically, John was trained in understanding what makes a property green, helping clients evaluate the cost/benefits of green building features and practices, distinguishing between industry rating and classification systems, listing and marketing green homes and buildings, discussing the financial grants and incentives available to homeowners, and helping consumers see a property’s green potential.

“As energy costs rise along with concern for the environment, homeowners are looking for innovative ways to save money and live responsibly,” said Dick Gaylord, NAR’s immediate past president. NAR’s Green Designation was developed in response to growing consumer awareness of the benefits of resource-efficient homes and buildings. The designation helps consumers who care about energy efficiency and sustainable building practices identify REALTORS® who can help them realize their green real estate and lifestyle goals.

As an NAR Green Designee, John has gained the knowledge and the tools necessary to become a trusted green resource for the Windham County area. For more information about John Hatton please visit www.BerkleyVeller.com or e-mail John.Hatton@BerkleyVeller.com.

For more information about NAR’s newest designation, visit www.greenresourcecouncil.org

REALTORS® Youth Benefit Corp.

Kathleen Sweeten, RCE — Thu, 17 Sep 2009 11:36:35 GMT

History of the REALTORS® Youth Benefit Corporation.

In 1983 a group of Southeastern Vermont Board of REALTORS® members got involved in the NAR Make America Better Committee. The local effort was led by Judy Gellert and Al Carbone. At about the same time Frank Martocci, Cathy Eakins, John Morrison and a number of other SEVBR members were working on building a picnic area in Dummerston, just below the covered bridge when they heard a story about the young daughter of a Dummerston, VT farmer who was having serious medical problems. The family had no health insurance was about to lose their dairy farm. These REALTORS® wanted to help these folks and Al Carbone came up with the idea for Realtor Youth Benefit Corporation. RYBC borrowed money from the SEVBR and got the charity started. Make America Better and the picnic area morphed into the REALTOR® Youth Benefit Corporation and RYBC was able to give the family $500 toward their medical bills.

Soon after it was Frank Martocci that got RYBC involved with the Brattleboro Union High School Career Center. At the time the Career Center built houses to provide hands on training for BUHS students. Al Carbone, Frank Martocci and John Morrison went to First Vermont Bank and borrowed money to purchase the Career Center’s recent project, a house on Williams Street. Brattleboro attorney Tim O'Connor became involved and RYBC converted the Williams Street house into a two unit condominiums, selling both units and making a significant profit. They then built and sold a house in Carriage Hill but the market was changing and the profit was not so large. Another break-even house project proved the end of RYBC’s housing construction.

The next fund raiser took the form of a raffle for GEO Metro convertible which netted the group a few thousand dollars. Since then the only RYBC fund raiser has been its annual golf tournament.

The funds raised by RYBC have been used to help Windham County youth with eye glasses, dental work, medical bills and after school programs for at-risk youth. Because of the flexible nature of the charity RYBC has been able to step in and provide help when others couldn’t. RYBC has also purchased hundreds of cuddly teddy bears, used by first responders and rescue workers to calm and reassure children who lives have been touched by an accident or fire.

Since its inception RYBC distribution committee has raised and distributed, locally, more than $150,000. Over the years the Distribution Committee has attracted some incredibly dedicated people. Janet Walkewicz, Nancy Long, Anne Duzinski, Cathy Eakins, David Brown have a combined service record of over 100 years. REALTORS® and REALTOR® Associates Barb Yankee, Danielle Lauria, Brand Speno, Lisa DiBernardo, Roni Byrnes and Public Members, Joe Little and Sharon Steidle, make up the rest of the Distribution Committee.

The RYBC 2009 Golf Tournament Committee is chaired by Realtor Associate Barb Yanke and includes David Brown, Danielle Lauria, Brand Speno, Lisa DiBernardo, Roni Byrnes and Mark Linton.

This year’s event will be held at the Haystack Golf Course on Mann Road in Wilmington, VT, Thursday September 24, 2009. Registration begins at 12:00 PM with a shotgun start at 1:00. There are prizes and an auction following a buffet dinner. Non-golfers are invited for dinner and the auction, too.

Housing Market Rebounding in Southern Vermont

Troy Richardson — Thu, 26 Nov 2009 09:42:34 GMT

There has been a resurgence of the housing market in the past few months as reported in the Reformer on August 21, but the Southern Vermont Board of REALTORS®, which represents the full body of licensed REALTORS® in the region, gives us a more in-depth view of the current market evaluation. Home buyers question if prices are going to drop more while sellers wonder if their house is priced effectively to sell in a market some compare to a roller-coaster ride. Other homeowners wonder if the new tax assessment will be a fair evaluation of the current market.

The Southern Vermont Board of Realtors®, which is part of the National Association of Realtors®, aids and assists Realtors® in this region by keeping them current on the latest news, laws and events that affect homeownership and the local real estate industry.

John McPherson a Director of SVBR and REALTOR with Berkley and Veller Greenwood Country, explains that “some properties that are well-located and well-maintained, will sell at the same price as they did at the market peak, while other properties will require an updating or a lower price to sell in this shifting market. There has definitely been an increase in sales of less expensive properties due to the drop of average prices though that trend cannot be applied to every property.”

Troy Richardson, a State Director of SVBR and broker with RE/MAX Maple Leaf Realty in Bennington, commented “There is so much on the market right now that buyers are taking more time than before to buy and are even holding out for their “dream house” thinking more will come on the market, whereas in the past, I could have shown someone all the properties in their range in southern Vermont over 1-2 days and people made choices quicker because there wasn’t as much available. The majority of the homes are priced appropriately, but buyers are taking much longer to choose because of the variables in the market. The incentives to buy are definitely there.”

Dart Everett, appraiser and owner of Everett Real Estate Services, Inc. of Brattleboro revealed his amazement at how often the comparables are not on the market very long. “It appears that the market is stable, but without confidence.” Everett adds further “Appraisers look at the fact that of the 30 sales and resales in the last 4-5 years, there have only been 1 or 2 homes that have sold for less than before, while a good number of them have sold for more than even during the peak. We are certainly doing more appraisals for refinancing than for sales, but with interest rates as low as they’ve been, it’s to be expected. It’s true that prices in some of the larger Dover and Stratton condominium projects have decreased, but basically, we’re standing pretty good.”

Todd Brown, an appraiser and owner of Todd Brown Real Estate Services, agrees, “That most of the appraisals during January through June were for refinances, but that appraisals for purchases have increased in the last couple of months.” Brown added, “I’ve seen about 95% of the sales go through within 5% of the listed price.”

Barb Yanke of Chittenden Bank offers, “We have found that more and more borrowers are getting pre-approved for mortgages and looking for properties to buy. The challenge has been finding homes that are within the home buyers’ budget, that do not require a lot of work. However, in recent weeks the number of pre-approvals turning into contracts has increased. This includes Windham County and Cheshire County.”

Yanke adds, “There is still plenty of money available to buyers. Even with as little as 0% down in the affordable housing programs. There has been a lot of press about the banks not having money to lend or that it is not easy to get a mortgage, but the bottom line is if you are a qualified buyer there is plenty of money to borrow. It is the Stated income/No income/No asset and sub-prime loan programs that have gone away. We have returned to the 4 C's of lending. "C"redit how the borrower has repaid their debts, "C"ollateral the property itself, "C"apacity can the borrower afford the mortgage and "C"apital do they have any down payment or reserves.”

Brattleboro Town Lister Al Jerard says, “Our statistics support the trend of more sales in the last three-four months and almost all of them fall about 15% above the 2005 assessed value.” Jerard did report that there were three foreclosures in Brattleboro scheduled this past month and one went into bankruptcy rather than foreclosure, so that is an increase from before. Our target date for the new grand list is April, 2010 and homeowners will be receiving a notice in May or June.”

Bennington Chief Assessor supports that trend citing “There has not been a lot of activity, but with sales numbers down, the market values have been holding with the majority of sales shown to be above assessed values. Bennington’s reappraisal assessments occurred in 2005-2007 and we have not had any significant numbers of foreclosures or grievances.”

John McPherson adds. “If there is one message that homeowners and homebuyers need to hear, it’s that real estate is now affordable again. Home values have found that sensible balance between supply and demand where sellers don’t need to fear selling at too low a price, and buyers don’t need to fear buying at too high a price. The market is now rational.”

The Southern Vermont Board of REALTORS® has a directory with contact information of all licensed REALTORS® in southern Vermont on www.svtrealtors.com or you may call 802-464-3344.

Team REALTOR®

Kathleen Sweeten, RCE — Wed, 05 Aug 2009 11:08:17 GMT

I wanted thank everyone who participated in the Team REALTOR® effort and to give our members an idea of how we made out with VAR's efforts on behalf of the Susan G. Komen Race for the Cure event held on July 26.

We had 28 REALTORS® and supporters on the field, the 3rd largest team! And that doesn't include the members of the NEK Board of REALTORS® who held a garage sale to raise funds.

Four VAR members finished in the overall top 20 fundraisers. There was great personal effort on the part of Dennis Brown ($625); Cordelia Garofalo ($675); Tina Leblond ($520); Kerry Wevurski ($475) and Deb Amazon who raised an incredible $1325.

We also had the support of local boards with contributions of $1000 from SVBR; $822.50 from the NEK Board and $500 from OCBR.

I have no way on knowing exactly which board produced the largest number of team members and pledges but it would appear that members of the South Central Board probably had the greatest participation with $755 in contributions from 11 offices and members.

Team REALTOR® has raised $8242.60 to date. Donations made before September 1, are counted in our team total. I hope VAR members who haven't contributed will take a minute to send along there donation. It doesn't have to be a big donation, REALTORS® are having a tough year but every little bit helps. It is a great cause.

Thanks again.

Mark Linton

Race for the Cure

Kathleen Sweeten, RCE — Wed, 22 Jul 2009 14:00:43 GMT

Time is getting short and I hope I can count on your help for the Team Realtor effort. There are so many ways to get involved.

If you can come and participate in the Race/Walk, that's great!

If you can collect some donations that's great, too. Have the checks made out to Race for the Cure and ask that the donor put Team Realtor on the memo line.

If you can make a pledge that's great, the website is http://race.vtnhcure.org/site/TR/Race/General?team_id=4100&pg=team&fr_id=1080 This should bring you directly to the Team Realtor page. Just click on the Support Team Realtor box below the Realtor R and follow the directions. (give me a call or drop me a line if you have problems)

If you can come to Hildene Meadows early and help pack and distribute the tee shirt and hand out sunscreen and water bottles, that's great. I plan to be on the field by 7:00 AM.

As you can see anything that you can do is great and greatly appreciated.

If you are planning to be there please let me know. I need to order the Team Vermont tee shirts by Monday 7/20.

Mark

PO Box 764
West Dover, Vermont 05356
Toll-free 888-309-7197
Local 802-464-5686
Facsimile 802-464-6499
www.marklintonrealestate.com

REALTORS® Recognized for Their Dedication

Kathleen Sweeten, RCE — Wed, 05 Aug 2009 11:26:24 GMT

Brattleboro Reformer

By BOB AUDETTE

BRATTLEBORO Between the two of them, Jack Berkley and Don Long have nearly a century in the real estate business.

On Thursday, they were recognized by the Southern Vermont Board of REALTORS® as REALTOR® Emeriti.

"It’s great that the two honorees are still at it," said Berkley, 84, who said he was pleased that his peers conferred the title on him and Long.Long, 76, said he was "terribly excited" to receive the title.

Born and raised in Vermont, Long fought in the Korean War, after which he spent five years in Connecticut working for Pratt & Whitney. Moving back to Vermont, he got a job at Montgomery Ward on Main Street, in the building now occupied by Brown & Roberts Hardware.

"I decided there’s got to be something a little better than this," said Long.

He took a job with Roland Fisher, who he said was the leading real estate agent in the area at the time.

Both Long and Berkley worked together at RJ Fisher.

But by far his best job has been in real estate, he said, which he got into when he was 37 years old.

"I wish I had done it when I was 21," said Berkley.

Before joining up with Jack Veller, to form Berkley & Veller, they were "friendly competitors," said Berkley.

Veller was working for the real estate division of Richards Insurance at the time.

"We decided to join forces," he said. "It was a really difficult decision. We really liked the people we were working with."

In 1975, Long started his own business Long Realtors. In the late 1990s, Long retired from the business.

"But I wasn’t cut out to retire. I was just lost. I like to talk to people."

He went back to his old firm, which had been renamed Curtis and Curtis and is now Coldwell Banker Pinetree Real Estate. Now he is working for Better Homes and Gardens The Masiello Group.

Both men said the most rewarding part of their jobs has been getting people into their own homes.

"They come in with a dream, and it ’s wonderful to see it come to fruition," said Long.

Berkley said he was extremely proud of "the great number of friendships I have made both among the real estate community and with former customers and clients."

For Long, what was also satisfying about the business was working together with his wife, sons and daughter.

Berkley and Long said while the real estate market has slowed down, it’s not as bad as in other parts of the country.

Now is a good time to buy a house, added Long.

"There is plenty of money and good interest rates," he said.

"People who can afford to buy now can get houses that are a good value and that fit within their budget or income level," agreed Berkley.

In 1992, his wife Helen joined Berkley & Veller, thus expanding it to Berkley & Veller Greenwood Country Realtors.

Bob Audette can be reached at raudette@reformer.com, or 802-254-2311.

REALTOR® Magazine's Good Neighbor Awards

Kathleen Sweeten, RCE — Mon, 09 Mar 2009 15:42:45 GMT

Seeking five good neighbors to receive $10,000.00 Grants.

REALTOR® Magazine is seeking nomination for the tenth annual Good Neighbor Awards. The program recognizes REALTORS® who've made extraordinary commitments to community service.

Five winners will be announced in November in REALTOR® Magazine and at the 2009 REALTORS® Conference & Expo in San Diego. The winners will receive a $10,000.00 grant for their community cause, national publicity, travel expenses to the conference, and a crystal trophy.

"We created the Good Neighbor Awards to recognize REALTORS® efforts to make their communities a better place to live" says Pamela Geurds Kabati, REALTOR® Magazine Editorial Director. "REALTORS® generally are big-hearted people and many of them get very involved in their communities, but their local efforts are seldom rewarded on a national level."

Last year's winners contributed a combined total of nearly 8,000 hours to their cause in one year and drew a standing ovation during NAR's annual convention in Orlando. The 2009 Good Neighbor Awards are sponsored by eNeighborhoods, Homes.com and Lowe's.

Good Neighbor Award entries must be received my May 22, 2009. For more details and an entry form, go to www.REALTOR.org/realtormag and click on the Good Neighbor logo, call 800-874-6500, or see the ad in the March issue of REALTOR® Magazine.

Mortgage Lenders Update REALTORS® on Mortgage Changes

Troy Richardson — Thu, 26 Nov 2009 09:37:35 GMT

A panel of local mortgage lenders let REALTORS® know that interest rates are currently at historic lows and they have money to lend for new mortgage loans.

The Southern Vermont Board of REALTORS® recently hosted a roundtable on home mortgages to learn how changes in the mortgage industry are impacting the local housing market.

‘Their rules are changing everyday.’ Ed Sensor, President of Northeast Home Loan, stressed when referring to FannieMae and FreddieMac, the federally sponsored home loan giants that purchase loans from mortgage lenders. ‘The days of 100% mortgage financing are past’ Sensor added. While conventional 80% mortgage financing is now the norm, some local lenders offer 90% for qualified buyers, even 95% financing through VHFA. Jon Muise, Area Director of USDA Rural Development, noted that his direct loan program will still finance 100%. The Rural Development guaranteed loan program, available through qualifying banks, recently raised income limits for recipients. A family of four can now qualify even with an adjusted gross income of $70,000.

Homebuyers with low credit scores may still qualify for a mortgage loan but should expect to pay more in closing costs. Although buyers’ creditworthiness is key, mortgage underwriters are now more careful to scrutinize homes probing for weaknesses to protect new homeowners from unanticipated repair costs.

Barbara Yanke, loan specialist at Chittenden Bank, cautioned REALTORS® that because of growing complexity ‘on-line rate shoppers’ may mislead themselves if they don’t carefully evaluate a mortgage loan offering.

While the housing markets in other states have undergone upheaval, the local market has not experienced nearly as much turbulence. With 124 filings, Vermont’s 2008 foreclosure rate is the lowest in the nation, only .04% versus 1.84% nationally according to RealtyTrac. Housing prices here have also evidenced greater stability than elsewhere in the U.S. According to MLS data the average selling price of a home in Windham County declined by just 7.3% last year while nationwide the
rate was nearly 20%.

A history of sound lending practices has spared Vermonters from the worst of the nationwide housing crunch. As 2009 unfolds with both lower interest rates and house prices, area REALTORS® and lenders agree they see an improving market for Windham and Bennington Counties.

Troy Richardson Achieves Broker Status

Troy Richardson — Sun, 06 Dec 2009 16:35:29 GMT

BENNINGTON, VT – Troy Richardson of RE/MAX Maple Leaf Realty has been granted a Vermont Broker’s license from the Vermont Secretary of State’s Office.

In order to become a Broker, Troy was required to work as a licensed Salesperson for a minimum of two years, complete a minimum number of transactions and take 40 hours of Licensing Instruction in order to take and pass the Vermont State Broker’s Exam.

Troy has provided residential real estate services to the Bennington area for more than two years. Troy is a REALTOR® serving on the Board of Directors of the Vermont Association of REALTORS®, on the Board of the Vermont Real Estate Information Network, on the Board of Career Development Center Building Trades Department as well as active with the Catamount Rotary Club. Troy has also achieved the nationally recognized designation of an e-PRO professional.

RE/MAX Maple Leaf Realty is affiliated with RE/MAX of New England and RE/MAX International. Since its inception in 1985, RE/MAX of New England has grown to over 300 offices with more than 3,900 sales associates throughout Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, providing residential and commercial real estate, as well as relocation and referral services. RE/MAX Maple Leaf Realty’s web address is www.MapleLeafVermont.com. Troy can be reached at 802-447-3210.