Welcome to the Regional Home Page for New England Contract Realty
COVID-19 ALERT
While the current health situation has temporarily changed the way we do business, our commitment to collaboration and promotion for the advancement of the real estate industry in all of the areas we serve has stayed in place.
We have been and will continue to use all of the virtual tools at hand for the dissemination of listings, real estate documents, electronic signatures and virtual closings to effect a positive footing until the industry returns to some sense of normalcy.
This pandemic has not stopped any recent closing or new listing contract from moving through the office. Many report that traffic is way down, but we have been booming in all areas of acitivy aside from open house events which are now almost non existent. Naturally each interaction has personalities attached that may need accomodation.
Even for the virtual consumers using our For Sale By Owner system addition language may be added to the listing sheet regarding the showing process on upload to the multiple listing service (MLS).
New England Contract Realty would like to deliver another advisory of a slightly different nature for current homeowners and others making mortgage payments. There is quite a bit of pubic discussion regarding the greater economy including the ability for people and companies to meet their financial obligations. It may seem like an appropriate choice in the moment, but action made in fear, worry and stress rarely turns out well.
If you elect to participate in some kind of some payment skipping, deferment or other forbearance program, do you know all the consequences? Having experienced of a number of major market changes over the past 4 decades it is important to acknowledge that choices have consequences good and bad.
The concept of "forbearance" is generally a temporary suspension of payment. In most cases missed payments will need to be paid back in some form either in the month following the missed payments or spread out over some number months after the missed payments or tacked on to the end of the mortgage.
Using any kind of forbearance program may affect your ability to refinance a mortgage and some government regulation may prohibit that refinance for the life of the loan. In this current situation your financial health may demand that you do what you have to do to stay afloat and gratefully there are these choices. But, if panic is removed and you take a breath, you may find an opportunity on the other side of this pandemic to refinance at lower rate saving you a great deal of money in the long run.
Please be super careful and take the time to review any option that may be presented to you. Check twice with your trusted circle of financial and legal advisors before you enter into an agreement the may come back to haunt you in the future.
While the current health crisis has temporarily changed the way we do business, our commitment to advancement, collaboration and promotion of the real estate industry has not. In the coming days you will see a major change to this website as it has been a number of years since the last overhaul. The goal is to make navigation simpler and more direct for you in form and function. Other than some layout and color elements, current transactions and client pages will not be changed. Your feedback is welcomed!
MLS content for active links updated daily. Last site modification May 10 2020.