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      Blog :: 01-2011

      Congratulations to our Award-Winning Agents

      Top Producer

      Betsy Kessler

      Platinum Sales Award Platinum Sales Award Platinum Sales Award

      Prue Hay

      Chrissie Lawrence

      Janet Montgomery

      Gold Sales Award Gold Sales Award Gold Sales Award Gold Sales Award

      Carol Baker

      Deb Levin

      Mary Wilson

      Laura Daunis
      Silver Sales Award Silver Sales Award Silver Sales Award Silver Sales Award
      Connie Bashian Trish Bradley Marcie Pucker Meir Segal
      Bronze Sales Award Bronze Sales Award

      Rose Gavris

      Nancy Page

      5 Open Houses for Sunday, January 30

      1-2:30, 14 Wiswall Circle, Wellesley $749,000 6 room, 2 bed, 2.5 bath Townhouse

      1-3, 68 Royalston Road, Wellesley $2,395,000 12 room, 5 bed, 5 full, 2 half bath Colonial 1-3, 34 Pleasant Street, Wellesley NEW PRICE $599,000 8 room, 3 bed, 3.5 bath Townhouse

      1-3, 24 Dexter Drive, Sherborn NEW LISTING $679,00010 room, 5 bed, 2/2 bath Colonial

      2-4, 10 Abbott Street, Wellesley $950,000 10 room, 4 bed, 3.5 bath Colonial

      Proud to Be a Part of Our Community Since 1978

      We at Rutledge Properties are proud to support these local organizations:

      Wellesley United Soccer League Wellesley Raiders Hockey Wellesley Little League Wellesley League of Women Voters Wellesley Historical Society Wellesley Hills Junior Women's Club (Wellesley Phone Book) Wellesley High Junior Class Wellesley Friendly Aid Wellesley Free Library Wellesley Football Gridiron Club Wellesley Food Pantry Wellesley A Better Chance Wellesley Education Foundation (Spelling Bee, Auction) Wellesley Community Center Wellesley Chamber of Commerce Wellesley Conservation Council Wellesley High Cheerleaders Wellesley Scholarship Foundation Metco Inc.-Wellesley World of Wellesley Schofield School 5K Road Race Bates School Pumpkin Fair Friends of Wellesley Hockey League In-Arena Sprague School PTO Fiske School PTO US Marine Corps. Toys for Tots Campaign The Second Step Salvation Army Rosie's Place Newton-Wellesley Hospital Pine Street Inn The Second Step Habitat for Humanity American Heart Association

      Wonderful cultural events at your doorstep in this brand new neighborhood in Natick

      Have you had a chance to explore the brand new neighborhood springing up at Walnut Hill Drive near the famous Walnut Hill School for the Arts? These 6 wonderful Colonial homes ranging in price from $1,049,000 to $1,099,000 are nicely situated on a family-family cul de sac and are selling fast with 3 homes gone already.  Here's an artist rendition of this lovely neighborhood:

      And here's an example of the kinds of cultural programs that you can take advantage of by having the Walnut Hill School for the Arts so close by:

      Announcing our spring performances!

      It may still be winter, but at Walnut Hill School for the Arts we are busily preparing for a full season of spring performances and events. Our spring performance calendar offers a wide variety of programming, featuring some of the world's most accomplished young artists. Each of our departments - Ballet, Music, Theater, Visual Art, and Writing & Publishing - will host entertaining and inspiring events both on campus and throughout the community.

      We invite you to view our spring performance calendar and mark your own calendar. If you've experienced a Walnut Hill performance, we look forward to welcoming you back; if you've never seen our young artists in a performance setting, we hope you will join us. You'll see why people leave a performance at Walnut Hill saying, "Those were high school kids?"

      Tickets for performances typically go on sale 3 - 4 weeks prior to each performance. To purchase tickets, visit www.ticketstage.com/WalnutHill.

      Not only is Walnut Hill Drive near the school, but it's close to downtown Natick as well, and all major routes. Give our office a call at 781-235-4663 or email us at rutledge@rutledgeproperties.com for more information and to schedule a showing. Listing brokers are Betsy Kessler and Chrissie Lawrence. Here's a link to more information about two of the homes for sale:

      5 Walnut Hill Drive 1 Walnut Hill Drive

      Welcome to our newest associate, Kathy Hughto

      Rutledge Properties is proud to announce that Kathy Hughto has joined our staff of exceptional realtors. She brings a wealth of knowledge and experience to the real estate business.

      Kathy has lived in Wellesley for 27 years and knows the town inside and out.

      An active volunteer in all aspects of our community, she was on the committee to start the Teen Center, now a vital activity in town, and the Tot Lot at the Sprague Rec Center. As a board member of the Wellesley Scholarship Foundation, she raised funds and gave scholarships to deserving college-bound students from all over Wellesley. Kathy has a master's degree from Cornell University in Natural Resources Conservation Council and has used her educational background to serve on the Wellesley Conservation Council. The Wellesley Hills Junior Women's Club gave her the opportunity to experience all aspects of community service. She is a prime example that Wellesley's greatest resources are the people who live here.

      With four children who are growing up here and attending the Wellesley schools, she looks forward to helping newcomers get to know the schools, sports, activities, and life in Wellesley.

      Kathy has already introduced scores of families to Wellesley through the Welcome Wagon. In addition to assisting you buy or sell real estate, she can make you feel immediately at home in this community.

      3 Questions You Must Answer Before Buying a Home

      If you are thinking about purchasing a home right now, you are surely getting a lot of advice. And most of that advice is probably negative. Why buy now with prices still falling? Don't you realize real estate is no longer a good investment? Don't you know that people who bought five years ago lost their shirt? We understand the concern your friends and family have. However, let's look at whether or not now is actually the perfect time to buy a home.

      There are three questions you should ask before purchasing in today's market:

      1. Why should I buy if house prices are still depreciating?

      We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage (see chart here).

      Over the last seven weeks, rates have increased over 1/2 a point going from 4.17 to 4.86. Looking at the attached chart shows this increase. Waiting for prices to bottom out seems to make perfect sense. Yet, at a time when rates are increasing, it might NOT make sense. Make sure you have a mortgage professional help you with this math before making a decision.

      In an article last week CNN Money reported:

      "You can kiss those record lows goodbye," said Greg McBride, chief economist for Bankrate.com.

      Keith Gumbinger of HSH Associates, a provider of mortgage information said that the market reached a new plateau.

      "I don't think we're going back to a 50-year low anytime soon without an economic collapse," he said. "Rates will probably never revisit those levels."

      2. When will I begin to see appreciation if I buy now?

      This is a great question. Macro Markets, LLC is a company that studies housing prices. They started their Home Price Expectation Survey in 2010.  They ask 100+ housing industry experts to project housing prices through 2015. The most current survey shows that the experts are predicting prices to soften until 2012. The experts then project prices to rise reaching a cumulative appreciation of over 10% by 2015.

      Purchasing a home today makes great sense from a financial standpoint. Think of the old axiom: You want to buy low and sell high. We may be at the low point regarding the COST of a home. But, this decision should not only be a financial one.

      That leads us to our third and final question:

      3. Why am I buying a home in the first place?

      This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. The Fannie Mae National Housing Survey shows that the four major reasons people buy a home have nothing to do with money:

      • A good place to raise children and for them to get a good education
      • A place where you and your family feel safe
      • More space for you and your family
      • Control of the space
      • What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the reason whether you decide to purchase or not.

      Bottom Line

      The COST of a home will probably remain relatively unchanged even if prices continue to depreciate. Don't allow money to get in the way of you making the right decision for you and your family. In the long run, the finances will work in your favor anyway.

      Text and Photos Courtesy of the KCM Blog