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nh new homes: Litchfield NH 3rd Quarter Absorption Rate Results - 10/04/09 07:57 PM
The 3rd quarter has ended and the Town of Litchfield is now movinginto the final quarter of 2009. I calculated the absorption rate forthe Town of Litchfield (to read a definition of absorption rates go towww.chris-bonta.com ) and below are the results of what I found. Incalculating the absorption rate for the Town I looked at three things,the Towns overall absorption rate, just residential homes rate andfinally the rate of absorption for the condominium market. The pricerange used to determine the absorption rate was properties falling inbetween $50,000 upto $600,000. The Town of Litchfield ended the year with an absorption rate (2 comments)
nh new homes: What is "Absorption Rate" and why its important to both Buyers and Sellers - 07/09/09 10:48 AM
I've written a lot about absorption rates for various Towns and it occurred to me that I've never explained fully what "absorption rate" is and why it is important. Absorption rate in it's simplest form is how long it will take the market you are looking in to absorb the current inventory that is for sale. In almost all instances, Realtors agree that an absorption rate of 6 months or more is a Buyer's Market and if the rate is below 6 months you are in a Seller's Market. How do we determine what the rate is, the formula used is (1 comments)
nh new homes: What Every Buyer Should Know about Home Inspections - 05/06/09 11:34 AM
An important part of any home purchase is the Home Inspection, so when interviewing home inspection companies ask them what type of report they use. There are many styles of reports used by property inspectors, the checklist, computer generated reports, and the narrative style. Some reports are delivered on site and some may take several days to deliver, knowing when you will get your full inspection report is important since you probably have a time limit for obtaining an inspection in your Contract. The most important issue with an inspection report is the descriptions given for each item or component. A (0 comments)
nh new homes: What is a resonable offer in todays market? - 04/13/09 09:00 PM
In every kind of market we have all Realtors and Consumers have to deal with the issue of what is a "Reasonable Offer". As a Buyer or Seller, do you know what your Realtor thinks is a reasonable offer? In most cases I would say Consumers and Realtors never discuss this issue prior to signing a Agency Contract and they probably don't even discuss it during the Contract time. In most cases what is a reasonable offer will only come up when either the Buyer is making an offer or the Seller is having to review an offer, it's at this point (2 comments)
nh new homes: I want to buy my first property but............... - 04/03/09 09:46 AM
The start of this sentence is what I am hearing a lot of lately. It seems many would be Buyer's are running into the dilemma of only meeting 2 of the 3 criteria to buy a home. What are the criteria's to buying a home, to a Realtor they are, the Buyer is ready to buy a property (this means they have made up their minds to look seriously), willing to buy a property (this means they are not going to be tire kickers), and finally able to buy a property (this means they have the credit, income and deposit to purchase). I (2 comments)
nh new homes: What questions should you ask when hiring a Realtor-Part 2 - 03/13/09 08:44 AM
In a post earlier this week I discussed some questions I think everyone should ask a Realtor when they are deciding whether to hire them or not. In this post I will finish with a few more questions, that I think all Consumers should ask when talking with a Realtor. How do you market yourself and your properties?This is an important questions since is will reveal a lot about the Realtors dedication to their Client as well as how much they keep up with technology, it also will say volumes about the organization they are associated with. How does the office/franchise they (0 comments)
nh new homes: What questions should you ask when hiring a Realtor- Part 1 - 03/09/09 09:58 AM
In my years in Real Estate I've come across this question a lot from both Buyers and Sellers, and it is a very important question when determining who you hire. Most people I believe feel that it is when a Seller is going to place their house on the market that questions should be asked, but that is not true when you are a Buyer it is just as important to question every Realtor. Here are some points I believe should be always asked when determining who you want to represent you: How long have you been in the business of Real Estate? This is (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.