Mortgage Help: Fannie and Forbearance

Mortgage Help: Fannie Mae and Forbearance


There is no denying that the slowdown / shutdown from COVID-19 is goinig to have very real impacts on people's finances. Loss of income and drawing down of savings may make it challenging for some to make their mortgage payments. And for others, who are at risk for foreclosure, the fears can be even greater right now.


Here's a link to Fannie's website with the hows and whats of mortgage forbearance.


Fannie Mae has made it possible to get some help with paying your mortgage. No, they won't pay it for you, but you may be able to postpone payments for up to 12 months. You actually have to be proactive to use this resource.


Here's a link to more information and directions on what you need to do.


The gist is that if, due to economic hardships related to COVID-19, you may be able to delay making mortgage payments, and that might really take a lot of stress out of an otherwise stressful time.


Have further questions? Feel free to contact us via email at or via phone at 802-225-6425.


From all of us at Green Light Real Estate,

be well, stay safe, and take care of those around you.

We're getting through this together.


Follow us on Facebook, Instagram or check out our listings on


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    COVID-19 and Foreclosures

    COVID-19 and Foreclosures


    It's always been true that one of the leading causes of foreclosure is getting sick. Another leading cause is losing one's job. 


    Combining a pandemic with an economic shutdown can cause massive strain on a family's financial position. And adding the fear of losing your house to foreclosure in the midst of all of it might just be too much.


    To help, Fannie Mae has made changes in how foreclosures are being handled: They're being paused for 60 days. We're not completely sure what the economy will be like in 60 days (for the country or for any individual household), but this can at least give some temporary assurance that people aren't going to be kicked out of their homes.


    Here's a link to more information and details from Fannie Mae.


    This doesn't mean that you don't have to pay the mortgage eventually, or that if you're on the path to foreclosure during those 60 days that foreclosure proceedings won't pick back up.


    If you think you're on the path to being foreclosed, PLEASE contact Green Light Real Estate. There may be things that can be done to help. Maybe your house is worth more than you think. Maybe there is a buyer who could move quickly with the price you need. Maybe your house is a good candidate for a short sale. We help people in situations like this all the time. You just have to ASK. And, maybe there isn't anything that can be done. Maybe the house is going to be foreclosed on. But you'll at least have done everything you could.

    You can contact us via email at or via phone at 802-225-6425.


    From all of us at Green Light Real Estate,

    take care of yourself and those around you.

    We're getting through this together.


     Follow us on Facebook, Instagram or check out our listings on


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      Workaround for COVID-19


      Fannie and Freddie Give Appraisers

      a Workaround for COVID-19


      In a move to help move purchases, sales, and refinances through the system, Fannie Mae and Freddie Mac have issued new options for appraisers. Here's a video explaining some of the workarounds:




      Typically, appraisers would need to do an interior and exterior inspection of the house that's being bought or refinanced. The new rules allow for exterior only inspections so that appraisers don't need to go inside the house. The inspection is accompanied by "desktop underwriting" in which appraisers use other sources of information and databases to get more information about particular houses as well as the local area.


      Here's a link to Fannie Mae's site with more information.


      At Green Light Real Estate, we think this is a great idea. It is up to individual banks and credit unions as to whether they will allow this, and individual lenders may have additional requirements for this workaround. In general, this should help move transactions forward, and help prevent the inevitable backlog of appraisals and loan underwriting that will happen when the COVID-19 slowdown has ended.


      We are cooperating fully with appraisers and lenders. Honestly, we spend so much of our professional lives researching real estate, and we have several databases at our disposal to help answer questions about property. We also have great relationships with the different town clerks who are keys to getting supplemental property information. The point is, we're doing whatever we can to keep peoples' transactions moving forward. Because at the end of the day, what people really want is to get into their new house, or to finalize the sale.


      Be well, stay safe, and take care of the people around you.

      We're getting through this together.



       Follow us on Facebook, Instagram or check out our listings on


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        March Market Report

        So, How’s the Market?

        March 2020

        Photo by Kevin Wiegand


        We’ve just about made it through another winter, and into another mud season. Congratulations to us all--hearty, brave, unflinching Vermonters!


        By the Numbers--Snapshot


           Sales Past 12 Months   Median Sale Price   Median Days on Market 
         Barre City  92 $149,450 33
         Barre Town  93 $191,000 41
         Montpelier  72 $261,500 17
         U32  89 $269,000 46
         Nfld/Wmstwn  88 $177,550 40


        We’re still seeing a strong market in Central Vermont, that’s kind of old news.

        So, with this month’s real estate report, we’re going to look at how these numbers have changed over time.


        Five Year Numbers--Median Sale Price

        3/2015 to 3/2016

        3/2016 to 3/207

        3/2017 to 3/2018

        3/2018 to 3/2019

        3/2019 to 3/2020

        Total % Change Over 5 Years

        Barre City







        Barre Town





























        Since 2015, sale prices in Central Vermont have risen substantially. It is interesting that every single market had years of increases and years of decreases. On the whole, though, it’s clear that home prices are going up.


        Days on Market

        Home sales in Barre City have very steadily sped up, moving from a median days on market of 96 in 2015 to 33 days by March 2020. That’s an incredible change! Also, the bump up in days on market for U32 towns deserved a little more research. If we take out the two properties that took the longest to sell (770 days and 437 days--both with out of area real estate brokerages), the median days on market greatly improves.


        Aside from numbers…

        The teams from Green Light Real Estate and Stone and Browning Property Management got together at Cornerstone in Barre. It’s always good when we get to know the people we work with at different companies. And not only was it a great lunch, but Tasha Adams won a drawing for a $25 gift card for liking and commenting on Facebook!


        As we get further into spring, the Montpelier and Barre area real estate markets are really going to start heating up. If you or anyone you know is thinking that 2020 is the year to buy or sell a house, give us a call or an email. The experienced team at Green Light Real Estate can help you put a plan together to give you an edge over other buyers and sellers.


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          February Market Report

          So, How's the Market?

          February 2020

          Photo by Kevin Wiegand


          The spring market is actually starting to begin! Typically we see an increase in buyer and seller activity beginning in February as a runway to the busier spring and summer seasons. 



           # Sales Past 12 Months 

           Median Sale Price   Median Days on Market 

          Barre City

          90 $148,450 33
          Barre Town 91 $195,000 36
          Montpelier 75 $256,000 19
          U32 85 $270,000 46


          84 $176,250



          We can see that houses in Central Vermont continue to sell relatively quickly. But...I always take these numbers with a grain of salt. They show the results from the properties that have actually sold. The other side of the story is those properties that haven’t sold yet. They’ll become data points, they just haven’t yet.


          Here’s the grain of salt:

             Active Listings   Median List Price   Median Days on the Market 
          Barre City 27


          Barre Town 23 $234,500 142
          Montpelier 10 $304,500 10
          U32 27 $339,000 160
           Northfield/Williamstown  24 $201,000 115


          The properties that are for sale right now have substantially longer days on market than those that have sold in the past 12 months. I don’t have any grand conclusions to draw from this. I do have a couple observations. Some of the active listings are “unique”, which sometimes causes them to take longer to sell. 

          Also, being honest, some of the listings that have been on the market the longest are listed with brokerages from outside of the area. For example, in Barre Town, three of the four listings that have been on the market the longest are with firms from outside Barre/Montpelier. Local knowledge and local expertise goes a long way.


          New Curveball for Transactions:

          Oil tanks need to be inspected at least every three years. We’re now advising our selling clients to go ahead and get those inspections done, so there are no problems with the sale, or with delivery after the sale. We’re also advising our buyer clients to make sure the tanks are inspected as part of the due diligence process. Your local oil provider will be able to do the inspection for you.


          And Speaking of Local…

          Green Light Real Estate is embarking on a local restaurant tour/review campaign. We started by getting the crew together at Ladder One Grill in Barre. Situated in an old fire house, the restaurant is an attractive mix of firefighting mementos and twinkling lights. It’s our way of getting out and supporting local businesses, as well as having a good time together as a team. 

          Of course, we also had a drawing for a gift card. Next up on our review is Cornerstone in Barre-- Follow us out on Facebook and Instagram to see how you can win next time!


          The Best Time Is Now!

          If this spring or summer is the time for you to buy or sell a house, do yourself a HUGE favor, and talk to a real estate professional soon. The listing experts and buyer specialists at Green Light Real Estate can help you make a plan and prepare for success. Nothing’s more frustrating than losing out on your dream home because you weren’t prepared. And nothing’s more aggravating than putting a house on the market without a clear, well-thought plan on how you’re going to sell it. Don’t be those people. Be prepared. Call, text, or email Green Light Real Estate.


          Have a great February folks, spring is around the corner! Right?

          In the meantime, call 802-224-6425 or email us to buy, sell or chat real estate!


          Is your curiosity about the local real estate market still not satisfied? Follow us on Facebook, Instagram or check out our listings on


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            February Art Walk: Bill Barnard

            February Art Walk: Bill Barnard


            Friday February 7 is Art Walk in Montpelier! Organized by Montpelier Alive, Art Walk is a fun, free way to see the work of talented local artists. It’s also a great way to see your friends and neighbors as you walk through town.


            There will be several venues throughout Montpelier showcasing different artists.


            Green Light Real Estate will be hosting Bill Barnard. Bill will showcase his wildlife wood carvings, which are stunningly life-like. Bill is a retired Norwich University professor. He lives in Northfield which is also where his studio is.



            Bill is also a member of the Brandon Artists Guild. To see samples of some of his work, here’s a link to his page with the Brandon Artists Guild.



            Art Walk is February 7, from 4:00-8:00. Stop by to see Dr. Barnard’s work, to talk with him about process, about inspiration, about technique, or just to talk. Light refreshments, including beer, wine, and soft drinks will be served at Green Light Real Estate.


            Other artists Green Light Real Estate has hosted in the past include:

            Joe Latulippe

            Ted Dawson

            Paul Contino

            Danny Hendershot

            Andrew Wible

            Colleen Flanagan


            See you there!


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              2019 End of Year Report

              2019 End of Year Report


              For this end of year report, the main focus is on changes over the past five years. And the trend is strong!

              Sale prices in Barre City increased by over 20%, U32 towns saw appreciation of almost 18%, and every market saw stronger sale prices. Our market as a whole saw price appreciation of 12.24% over five years. 


              While this isn’t the blazing hot increases that many major metropolitan areas have seen, it’s solid, steady price appreciation.


                2015 2016 2017 2018 2019

              % Change


              Barre City

               $115,051   $142,500   $131,500   $142,000   $146,250  21.33%
              Barre Town  $186,000   $168,000   $195,000   $199,000   $194,000  4.12%
              Montpelier  $225,000   $212,000   $237,000   $245,000   $256,000  12.11%
              U32  $215,000   $231,750   $221,125   $255,000   $261,500  17.78%
               Nfld/Wlmstwn   $159,000   $169,000   $161,500   $199,000   $178,750  11.05%
              Total  $172,000   $175,000   $185,000   $197,500   $196,000  12.24%


              Again, we have seen largely consistent increases in the number of home sales over the past five years. The five U32 towns (Berlin, Calais, East Montpelier, Middlesex, and Worcester) saw the number of sales grow over 30%, while Northfield/Williamstown grew by just under 30%. These are strong sets of numbers for home sales!

              Barre Town did see a dip the number of sales over the past five years. Also interestingly about the Barre Town real estate market is that it is the only one that has seen somewhat erratic numbers of annual sales. At Green Light Real Estate, we’re not concerned about this at all, there were still 86 sales in Barre Town in 2019.


                2015 2016 2017 2018 2019

              % Change


              Barre City

              83 89 90 89 88 6.02%
              Barre Town 102 79 109 89 86 -15.69%
              Montpelier 78 87 94 73 73 -6.41%
              U32 71 76 84 83 94 32.39%
              Nfld/Wlmstwan 68 61 68 77 88 29.41%
              Total 402 392 445 411 429 6.72%


              This one blew our minds. Our Central Vermont market, on the whole, has seen a decrease of 38% in the median days on the market. That means sales are speeding up from 63 days on market in 2015 to 39 days on the market in 2019. And look at Montpelier--median days on market was 10 days!?

                2015 2016 2017 2018 2019

              % Change


              Barre City

              86 88 67 42 44 -48.84%
              Barre Town 59 49 75 29 41 -30.51%
              Montpelier 54 43 35 40 10 -34.29%
              U32 70 68 49 60 46 -34.29%
              Nfld/Wlmstwn 78 66 54 45 35 -55.13%
              Total 63 60 55 43 39 -38.10%


              All of these point to a very strong, fast moving real estate market in Central Vermont!



              Green Light Real Estate Book Club



              We spend a LOT of time thinking and talking about real estate and about customer service. In 2019, we added something else. During the year, as a group, we read and discussed several books. It turned out to be a fantastic way to bring us closer together, to improve our practices, and allow us to better serve our clients.


              They included:

              • The Customer Rules: The 39 Essential Rules for Delivering Sensational Customer Service, by Lee Cockerell
              • Rich Dad, Poor Dad, by Robert Kiyosaki
              • Who Moved My Cheese, by Spencer Johnson
              • 7L: The Seven Levels of Communication, by Michael Maher



              Multi-Family Report

              2019 was an active year for residential multi-family properties. Here we’ll focus on Barre City and Montpelier, which are the two most active multi-family towns in Central Vermont. And, truth be told, the bulk of the activity is in Barre City.

              Here the number that jumps out is the number of sales. It increased steadily from 2015-2018 and then almost doubled from 18 to 35 sales in 2019. That’s a huge increase!


              Total # of Sales


              2016 15
              2017 18
              2018 18
              2019 35


              Looking only at duplex sales, there’s a clear increase in per unit sale price over the past five years.




                Barre City Price Per Unit (Duplex)  Montpelier Price Per Unit (Duplex)
              2015 $34,000 $102,500
              2016 $66,225 $95,000
              2017 $67,750 $124,000
              2018 $41,750 $113,375
              2019 $52,500 $135,000





              And last, thank you to all of our clients, past clients, friends, and supporters. In 2019, Green Light Real Estate helped with 161 sales, and more than half of those came from past clients, people who know us personally, and referrals. It means a lot when people make the effort to recommend that their friends work with Green Light Real Estate!

              December Market Report

              So, How's the Market?

              December 2019

              Photo by Kevin Wiegand

              The numbers are in:

                Active Listings # of Sales Past 12 Months Average Sale Price

              Barre City

              32 82 $142, 277
              Barre Town 26 82 $214, 783
              Montpelier 19 69 $278,186
              U32 40 89 $271, 783


              28 84 $192, 437

              Is your curiosity about the local real estate market still not satisfied? Check us out on Facebook, Instagram or check out our listings on


              Market Slice

              How long are homes taking to sell? Different towns tell different stories, but all the information is interesting!

                Avg. Days on Market 2019 Faster than 2018 by:
              Barre City 83 -4%
              Barre Town 67 4%
              Montpelier 69 10%
              U32 96 28%
              Northfield/Williamstown 68 15%

              (Data gathered for dates 1/1/2018-12/1/2018 and 1/1/2019-12/1/2019)


              Barre City took a tiny bit longer to sell this year, but only a tiny bit. All in all, compared to last year, houses sold more quickly in 2019. 


              From Our Inspector Friends

              Photo by Cheryl Winn-Boujnida

              This is an easy tip--Make sure that outlets in kitchens, bathrooms, exterior, and garages are GFCI-protected. Those outlets come up in just about every inspection, and they’re easy to fix. Those are the annoying outlets that click off when you don’t want them to. But, they also prevent shocks, so, probably a good trade off.


              Investing in Real Estate?

              Photo by Maria Ziegler


              There are lots of good reasons to invest in real estate. Cash flow, appreciation, long term asset acquisition, and tax benefits.

              Whether you’re a veteran or a novice investor, we’d love to help. Our agents have lots of experience with everything from foreclosure flips to large multi-family properties. Call 802-224-6425 or email us to discuss the possibilities.



              Core Values

              Photo by Nick Morrison


              Green Light Real Estate has 13 core values that we live and work by.

              One of my favorites is:

              “We choose to be happy and not to bring troubles to work.”

              This ensures that no matter what’s happening in the world, or our worlds, when we work with buyers, sellers, and each other, we choose to be happy.

              We don’t let negativity bring us down, and we don’t let setbacks keep us down. That keeps transactions moving forward, and, as importantly, makes it fun to come to work each day!


              Green Light Real Estate is Locally Owned

              Photo by Ted Dawson


              We don’t have headquarters in Texas, New Jersey, or Connecticut. Um, actually, we don’t have headquarters. But you can stop into our office on State Street, and we’re all over the internet.

              We have a team of ten talented, energetic and wonderful people who are ready to help you and your friends when it’s time to buy or sell real estate.

              Our core values include being creative, intelligent, fun, and energetic. We’re open minded and we LOVE trying new ideas.




              Finish out the year strong! We will see you in January

              In the meantime, call 802-224-6425 or email us to buy, sell or chat real estate!


              Follow us on Facebook and Instagram


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                November Market Report

                So, How's the Market?

                November 2019


                Photo by Mattie Dube


                The numbers are in for the Central Vermont real estate market!


                Active Listings

                Under Contract

                Avg Sale Price Past 12 Months

                # Sales Past 12 Months

                Avg Days on Market

                Barre City






                Barre Town

























                October saw plenty of sales across all of our local markets. Interesting to note, the average days on market was very similar in all areas, with the one exception being that homes in the U32 towns have taken a little longer to sell than in other towns. Prices remain strong, though.



                  New Listings Oct 2019  

                  Sales / Month  

                  Months of Inventory  

                Barre City




                Barre Town

















                Those who study residential real estate markets will often refer to an “absorption rate” which is the number of months of inventory in each market. Generally speaking 1-4 months is considered a sellers market, 9-12 is a buyers market, and in the middle is a nice, tasty equilibrium. Which officially makes our local real estate market yummy.


                Want to check out a full list of the recent home sales in the Central Vermont market? Keep reading! We have all the juicy details at the end of this blog post.


                Screen Time

                Next time you’re in downtown Montpelier, take a look at the brand new Green Light Real Estate TV.  We’ve got info on new listings, recent sales, current events, even the weather. Plus, you can see all of our smiley faces, which is sure to warm your day!



                Congratulations to Hannah Dawson for passing her broker’s exam and obtaining her broker’s license! That’s a commitment to studying and mastering material, and it shows once again how dedicated she is to providing top tier service to buyers and sellers.


                Stop Paying PMI


                Photo by Katie Harp

                Here’s a quick tip: If you bought a house even two or three years ago, and if you’re paying PMI (private mortgage insurance), you might not actually have to. Here’s why: property values have risen in the past couple of years. Between that appreciation, any improvements you might have done on the house, and the little bit of principal paydown, you might be getting close to having 20% equity.


                Call or Email Green Light Real Estate, and we’ll help by completing a detailed, free market valuation. If you’re close, go for it! If not, try again next year. You might be able to save hundreds of dollars each year. Did I mention it’s free? Even if you didn’t work with GLRE when you bought your house. We’re that nice.


                People Are Talking About Green Light Real Estate


                 Ray Mikus

                "In a market like Montpelier with few properties on the market and few that are truly comparable, you need someone like Ray in your corner. Someone who knows the area inside out, who understands what buyers are looking for, and who can give you a sense of the relative desirability of locations and  home features. Someone who will help you in the home sale process every small and every big step of the way.

                But beyond those basics, with Ray you also get someone who can crunch the numbers, is savvy about negotiating deals, and who will go above and way beyond to make the process easier and more effective for you." (5 Star Review, Peter in Montpelier)


                  Hannah Dawson

                "We are so glad that we followed up on a friend's recommendation to call Green Light Real Estate when we were ready to find our first home! Hannah's initial meeting with us made it clear that she is a great communicator, knowledgeable and client-centered in her role. Hannah listened to what we were  looking for and assessed the current market with us as we identified houses we wanted to tour. Hannah's professional opinion and experience were invaluable as we looked at homes. When we finally found THE house, Hannah led us through the offer process with ease. After working with Hannah for just a few months we went from actively looking to having closed on our first home! We are so grateful to have had Hannah's guidance and recommend her as an incredible buyer's agent." (5 Star Review, Montpelier)


                 Lauren Gould

                "Lauren was quick to respond, very helpful when needed and a pleasure to work with.  Everything you look for when you’re making big decisions around home buying or selling." (Five Star Review, Barre)



                Stay warm, and we will catch you in December.

                In the meantime, call 802-224-6425 or email us to buy, sell or chat real estate!



                PS. Want to check out those recent sales?


                All Recent Sales (September 2019)



                  Sale Price  


                186 Sherwood Drive



                301 River Street



                12 Redstone Avenue



                28 Sibley Avenue



                209 Barre Street #C101



                288 Cityside Drive



                1428 Terrace Street



                60 Main Street



                123 North Street



                10 Independence Green



                110 Ledgewood Terrace



                41 Pleasantview Street



                231 Main Street



                12 Charles Street



                247 Grandview Terrace


                Barre City

                79 Camp Street


                Barre City

                26 Cliff Street


                Barre City

                125 Washington Street


                Barre City

                71 Brooklyn Street


                Barre City

                2 Orchard Street


                Barre City

                8 Cleary Street


                Barre City

                135 Berlin Street


                Barre City

                78 Brook Street


                Barre City

                43 Branch Street


                Barre City

                16 Myrtle Avenue


                Barre City

                47 Westwood Parkway


                Barre City

                111-113 Allen Street


                Barre City

                84 Smith and 39 Berlin


                Barre Town

                661 Graniteville Road


                Barre Town

                17 Chestnut Lane


                Barre Town

                14 Skylark Terrace


                Barre Town

                71 Miller Woods


                Barre Town

                380 East Montpelier Road


                Barre Town

                889 Drury Hill Road


                Barre Town

                92 Church Hill Road


                Barre Town

                15 Garden Street


                Barre Town

                35 Wildersburg Common



                6979 County Road



                1831 Lightening Ridge Road



                335 George Road



                5235 Route 14



                91 Blackberry Ridge Road


                  East Montpelier  

                949 Cherry Tree Hill Road


                East Montpelier

                  1320 Horn of the Moon Road  


                East Montpelier

                155 Quaker Road



                506 East Bear Swamp Road



                491 Center Road



                239 Macey Road



                266 Notch Road



                9 Worcester Village Road



                400 Windy Meadow Road



                571 Route 12N



                39 Winter Street



                9 East Street



                1477 Turkey Hill Road



                1049 Little Northfield Road



                768 Route 12N



                64 Bellmore Road



                22 Cardinal Lane



                1046 Hebert Road



                767 Route 14



                144 Soucy Lane



                504 Rood Pond Road



                1489 Baptist Street



                677 Route 14


                November Market Report for Montpelier

                Montpelier Real Estate Market Report



                Check out the recent sales In Montpelier real estate:

                Address Sale Price
                186 Sherwood Drive $215,000
                301 River Street $250,000
                12 Redstone Avenue $350,000
                28 Sibley Avenue $371,500
                209 Barre Street #C101 $130,000
                288 Cityside Drive $253,750
                1428 Terrace Street $453,800
                60 Main Street $900,000
                123 North Street $366,000
                10 Independence Green $175,000
                110 Ledgewood Terrace $399,000
                41 Pleasantview Street $175,000
                231 Main Street $277,000
                12 Charles Street $318,000
                247 Grandview Terrace $350,000

                Do you have a home to sell in Montpelier? Looking to become a Montpelier resident?

                Give us a call at 802-224-6425 or email us to get started on buying or selling with trusted Central Vermont experts!