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February 2021

As I write this month’s newsletter many of you are shoveling out from the major show that has blanketed our area. It is certainly cold and snowy outside, but the spring real estate market is here. We are seeing activity with folks relocating into and out of the area. Buyers are looking in all price ranges, from the high-end to the most-affordable options available. There is a property out there for every buyer, whether it is a city, country, suburban, or a lakefront home but supply is limited. If you have been thinking of
selling, call today for an evaluation of your home in today’s market. If you are thinking of a move, we can help you, both here in Vermont and across the country. The time is definitely right.

We are seeing mortgage rates under 2.85% with zero points- continuing to hold near historical lows. Loan limits have been raised and FHA is up to $379,500 and conventional to $548,250. Don’t let a limited amount of down payment funds keep you from buying. There are programs with 100% funding for Rural Housing or VA loans, and 3% down conventional and FHA loans available. If you qualify you can buy a home with little or no money down! Current Jumbo mortgage loan rates are comparable to conventional rates, call for details. If you are thinking of a new home, vacation or investment property, now is the time.
This year there were only 91 single family homes available on February 1st. The inventory is low but there were 61 new listings in January and the spring market will bring new choices. If you are looking for a home stay in touch with us, so you do not miss the new properties coming on the market.
I am also encouraged by the increase in new construction opportunities. There are wonderful new home and condominium options as well as great land parcels for sale. If your dream has always been to live in or design your new home- call us today. Lakefront buyers now is your season! Come look at the wonderful lake homes, camps and land so you can move in and get ready for summer fun on the lake.
My strong belief is that a college education makes a huge difference in the life and success of your children. Each year of formal schooling after high School adds 5% to 15% annual earnings later in life. It is also a fact that the cost of college tuition is high and rising. One way to pay for a college education is to purchase a rental property when your child or grandchild is young. With the rates available now, paying the loan over 15 years will offer you equity to fund college. We have a great brochure that we can
email or send to you titled Give Your Kids a Chance which explains how owning a house for your child can help to fund the cost of college. It is a great program.
College applications are in, and our High School seniors are starting to receive their acceptance letters in the mail. It is an exciting time for these students. We are pleased to announce that our 24th annual Nancy Jenkins Scholarships that will be given to two area students. Go to to apply. The scholarship is open to all area high school seniors.
Nancy and the Nancy Jenkins Team

This Month’s Coupon:

Featured Listing!

Burlington – $435,000 – 3 bedroom Burlington home right in the heart of the city’s sought after Hill Section. Step right in from the gated front onto the covered porch perfect for an alfresco meal. Three full bedrooms and 2 full bathrooms, one on each level. Large front living room with wonderful natural light. Big open kitchen complete with ample cabinetry and a large island perfect for entertaining. The attached bright and sunny den features a Jotul gas stove and steps right out onto the custom stone patio featuring a gas grill with direct hookup. The perfect little backyard to get away from it all. This home features a newer heating system and central AC. All major systems have been updated and move-in ready. Great walkable community just down from the hustle and bustle of church street. Moments from everything including UVM Medical and the Lake Champlain Waterfront.

  Click Here For More Information

“We had a great experience working with Nancy Jenkins! Siobhan Philbin helped us find our first home, and she was excellent responsive and always got back to us with detailed answers (and we had a LOT of questions). You also get to use the Nancy Jenkins moving truck when you move forward with them and buy a home with their help! We will definitely use them again if and when we move another time. Tha. Constantly working with our best interest in mind. We weren’t really sure what we wanted, so we saw a variety of homes – she helped us navigate the landscape and understand the market. The whole team was super nks to the whole team, but especially Siobhan!”
– Torie Grice

Special Thanks to Friends Who Sent Us Their Friends!

Ryan & Shannon Riddle, Bob Downing, Jacklyn Marcotte, Stephanie Fillian & Eli Lesser Goldsmith

©2021 Nancy Jenkins Real Estate

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