Manchester area restaurant for sale. Profitable, attractive and making lots of money: http://goo.gl/nQlAq

roanld@kw.com or call me 603-836-2700

             
                                                                                                          

KW Commercial Hosts 2011 Commercial Real Estate Masterminds in Boston

 

Boston, MA - Are you a commercial real estate broker wondering if "extend and pretend" is over? Are you searching for new ideas on how to grow your business in this economy? Keller Williams Commercial NH & MA is hosting a free event for all commercial real estate brokers and affiliates to access the latest information and tips for navigating the current real estate market successfully. The 2011 Commercial Real Estate Masterminds Event will be held in Boston on Friday, June 17 from 9 a.m. to 12 p.m. at the University of Massachusetts Club on 225 Franklin Street, Floor 33. A complimentary continental breakfast will be served at 8:30 a.m.

The keynote address will be given by Buddy Norman, President of KW Commercial. Gordon Carr, Principal of GMC Strategies, will be the featured speaker. He will discuss tax strategies that assist with commercial real estate acquisition.

Event attendees will also benefit from the expertise of a moderated panel offering market insights on regional issues, along with best practices to achieve sales and long-term client relationships in a challenging economy. A question and answer session will follow. Panelists include: Justin Manning, President/CFO, JJ Manning Auctioneers; Jeremy Cyrier, 2011 CCIM (Certified Commercial Investment Member) New England Chapter President and Principal of Mansard Commercial Properties; Sandra Fitzpatrick, Senior Vice President, Fidelity Title; and Roger LaChance, Vice President, Bank of New England.

"Keller Williams Commercial has organized this knowledge-sharing forum to bring together commercial brokers and affiliates to discuss best practices and network," explains Ron Fredette, Managing Director of KW Commercial NH & MA. "We look forward to trading experiences and insights with brokers and affiliates across real estate companies to assist one another with harnessing opportunities that will ultimately further our profession and strengthen our sector."

There is no admission fee for the 2011 Commercial Real Estate Masterminds Event, but registration is requested. To register, visit http://2011masterminds.eventbrite.com.

For additional information, or to inquire about sponsorship opportunities, contact Ron Fredette, Managing Director, KW Commercial NH & MA, at (603) 836-2700 or ronald@kw.com. 

  

About Keller Williams Commercial NH & MA

 

Keller Williams Commercial has over 625 offices nationwide. Keller Williams Commercial NH & MA serves commercial real estate buyers, sellers, tenants, and landlords in New Hampshire and Massachusetts. Providing  commercial realty office sales, leasing, and property management services, the firm specializes in the following commercial property sectors: multi-family (MUF), apartments, tenant representation, landlord representation, offices for sale or lease, retail for sale or lease, site purchase decisions to buy or sell commercial land, and commercial real estate investor investment portfolio management. Its commercial agents are Certified Commercial Investment Members (CCIM) who analyze demographics using Site to Do Business (STDB) tools to help clients find the property that best suits their needs. For more information, call (603) 836-2700 or visit www.kwcommercialnh.com. Keller Williams Commercial NH & MA can also be found on Facebook <http://www.facebook.com/CommercialPropertyNH >.

 

 

 

While local NH new media continues to tell us that the number of the foreclosures are still rising, I don't see that in the Manchester, NH real estate market. Sure more are getting listed, but there are not as many foreclosed homes for sale as last year. It seems like the 1st time buyers have less inventory to choose from when I take them out. Last year we all laughed at how many homes had no heat when we showed them, but this past 3-4 months is different. The banks are doing a better job of stabilizing the empty homes when listed. Some banks are painting and placing carpet too! I think this is a wise move. Considering a foreclosed home as an asset and treating it as such instead of a liability is a good thing for all. So in NH the market is still good and properly priced homes are listed and sold in a reasonable amount of time....how are things in your market?

If you live in Manchester, NH and want to access information about how to apply for residential building permits here is your link to the site: http://www.manchesternh.gov/website/Departments/Building/PermitsandForms/tabid/239/Default.aspx Hope these forms help give you some ideas on what you can do yourself in Manchester.

Professional Office for lease in Bedford New Hampshire. Offering 1, 2, or 3 year ofice lease or more. Ideal set-up for Doctor, Finance, Accountant, Insurance, Lawyer & other professionals Reception area with 4 office rooms with kitchen & bathroom. Room size are: 13x13, 19x12, 16x12, 12x10 & 13x8 Full basement 1,200 sq' for storage. Lots of parking very convenient location E-Z access. Tenant pays all utilities. Lease is considered MG or Modified Gross. Tenant pays $1,200 lease fee and their own utilities, no other hidden fees. It's a great way to control your expenses and grow your income in a professional space with great access along route 101. Bedford is located next to Manchester NH. It is just 10 minutes to the Manchester-Boston regional airport and convenient to I-93 and US Rote 3 with easy access to Lowell, Mass and the Burlington Mass - Boston region. www.bedfordofficespace.info

 

New Hampshire is generally perceived as a great vacation place. One wonderfulplace to live and work. It is overlooked as a great place to conduct or own a business! With the Manchester-Boston regional airport and two interstate highways one can easily travel and conduct commerce in and out of the state without the Boston traffic and stress.

Economically New Hampshire leads all New England states in employment and business growth. It's market data slightly above national averages places NH in a favorable position. With ample office space for lease, and for sale and plenty of land opportunities for business development. New Hampshire is just an hour from Boston. The main growth areas in NH are Bedford NH, Manchester NH, Portsmouth NH, and Nashua NH. With main interstate access including the route I-93 corridor, I-95 and US Route 3, growth has slowed lately, but still respectable. NH boasts no state sales tax, no state income tax creates good growth opportunities for new and growing businesses.  

Next time you are considering relocating your business into a favorable growth climate, consider relocating or opening your new business center into New Hampshire.

The city of Portsmouth will give funds allocated from the federal and state government to those financially hit by the economic crisis through the Portsmouth Housing Authority. The Portsmouth Housing Authority protects those who have been a Portsmouth resident or who currently are a resident and are under financial distress. To meet the requirements of a Portsmouth resident you must qualify by these standards as explained in their application for financial assistance: "definition of a Portsmouth resident: The Portsmouth Housing Authority defines a 'Portsmouth Resident' for the purposes of providing resident selection preference for all its housing programs as: 1. An individual or family that has previously reside in the City of Portsmouth for a period no less than 5 consecutive years, who has moved away and now wishes to return to the City to reside. or 2. An individual or family that has to move to the city of Portsmouth due to age, disability or illness and must live near or with family who resides in the City of Portsmouth and has done so for a period of 2 consecutive years prior to consideration of this request." The Portsmouth Housing Authority will house those in need of a residence through programs they designed to make living in the city more affordable. One must meet their financial requirements in order to benefit from such programs, but nevertheless the programs and funding are there for those in need. I urge anyone who believes they may meet the financial requirements of any city to look into financial assistance programs in their area. Here are some of the nationally funded programs in New Hampshire take a look at how much money they receive for Public Housing Capital Funds only (there is much more money, but the website's link is not working): Manchester Housing Authority $1,607,486.00 Nashua Housing Authority $923,915.00 Dover Housing Authority $728,908.00 Portsmouth Housing Authority $603,400.00 Concord Housing Authority $368,853.00 Somersworth Housing Authority $240,031.00 Laconia Housing & Redevelopment Authority $132,772.00 Housing Authority of the City of Rochester NH $321,433.00 Lebanon Housing Authority $224,796.00 Keene Housing Authority $326,587.00 Berlin Housing Authority $70,279.00 Claremont Housing Authority $124,791.00 Newmarket Housing Authority $73,875.00 Exeter Housing Authority $151,934.00 For more information check out the site: Check out the website's of the agencies listed here and expand your knowledge on their programs. need to contact me check out my website: http://ronfredette.yourkwagent.com/ Any questions? Did I leave anything out? Please post a comment here and I will respond back. need to contact me check out my website: http://ronfredette.yourkwagent.com/

On the May 29th 2009 the release by the U.S.Department of Housing and Urban Development states, "FHA-approved mortgagees and FHA-approved nonprofit organizations as well as Federal, state, and local governmental agencies and instrumentalities thereof may purchase the tax credit anticipated by the homebuyer." What this means for you as a First Time Home Buyer is that you can use the tax credit toward the closing of your home. The FHA approved mortgage will allow a First Time Home Buyer to use the $8,000 tax credit and apply it toward their down payment, closing costs, or to cutting down the percent of their monthly mortgage payments. Caveat emptor. This amount may only be used in excess of the 3.5% down payment requirement. This is clearly stated here again in the May 2009 release: "Accordingly, the proceeds of the sale of the tax credit to FHA approved mortgagees, the seller, or any other person or entity that financially benefits from the transaction (or any third party or entity that is reimbursed, directly or indirectly, by the financing benefiting person or entity), may not be used to meet the 3.5% minimum downpayment, but may be used as additional downpayment, buying down of interest rate, or other closing costs." Also, in the May 2009 release the buyer is protected by a clause that limits the amount of fees that are required for the secondary lien when it explains: "Any costs attendant to the purchase of the tax credit are to be nominal and discounting the anticipated credit to cover the costs and expenses of the transaction must be reasonable and disclosed to the homebuyer. In FHA’s view, fees and costs that total more than 2.5% of the anticipated credit are considered excessive. (Example: $6000 to be refunded, with all fees and costs discounted, borrower should receive not less than $5850.00 for sale of tax credit.)" Need to contact me check out my webpage: http://ronfredette.yourkwagent.com/ If you would like to read this document for yourself please go to this site and read document 9-15: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/index.cfm If you would like to know the requirements of the First Time Home Credit please visit this site: http://www.irs.gov/newsroom/article/0,,id=204671,00.html?portlet7y Any questions? Did I leave anything out? Please respond here and I'll comment back! Need to contact me check out my webpage: http://ronfredette.yourkwagent.com/

A Variance is a request for an exception to current zoning standards set on a particular piece of property. I only use the word exception to demonstrate that a change has occurred to the lands use. For a piece of property to be granted the change of use the owner must first among a few items demonstrate hardship. Hardship can be split into 2 parts based on statutes regarding two types of Variances, the first part as explained in Ch. 674 of State Law as a 'Use Variance' and must follow these guidelines: a) The current zoning restriction hinders reasonable use of the property in it's surrounding environment. b) No 'fair and substantial relationship' exists between the property restriction and the intent of the zoning ordinance. c) If the Variance is granted it must not injure the public or private rights of others. The second part of hardship explained as an 'Area Variance' must abide by the following guidelines: a) An area Variance is required due to special conditions of the property. b) The benefit sought by owner cannot reasonably be acquired by another method, for example financial hardship. Another condition that must be met to grant the Variance is that the 'Spirit and Intent' of the ordinance must not be broken in order to accomplish the Variance. Also, the Variance cannot affect the values of other properties in the area. I'm sure if the Variance makes property value go up no one would object, but maybe they would. That is an interesting point with regards to an argument one could make against the Variance. The statute doesn't explain the value has to have an adverse affect on other properties, it just states that a change in value must not occur. Moreover, the Variance must benefit the general public not just solely the property owner. This point is also interesting because one must prove the benefit towards others. Furthermore, by not allowing the Variance the owner would suffer an injustice from the zoning board. These are all great things to keep in mind if you are looking for a Variance in your area. In these circumstances a real estate agent is a good resource, but really a lawyer is a better interpretor and executioner of the law. So when applying for a Variance be aware you may need legal council. Did I leave anything out? Any questions? Post them here and I'll respond back.

MDIA (The Mortgage Disclosure Improvement Act) went into effect on July 30th 2009. How this effects you as a consumer is very important to your process in purchasing a home. The MDIA affects those who are preparing to finance their purchase through a home loan. First, The MDIA amends the Truth in Lending Act. The bank that is financing your loan can only require a reasonable fee for a credit-report check before your Truth in Lending is received. After the TIL is received they can accept payment for any other fees (ex. Property appraisals). The Lender is obligated to send you initial disclosures within 3 business days (Monday through Friday, not including Holidays). Moreover, 7 business days (including Saturday not Holidays) must pass before the loan can go to closing. In addition, if the loan APR increases or decreases by more than .125% another re-disclosure must be sent to the customer and 3 business days must go by before the loan can go to closing (includes Saturdays not Holidays). Furthermore, all 7 day and 3 day can be cleared by a waiver that demonstrates a 'Bona fide financial emergency.' The financial emergency clause is not clearly defined in the MDIA, but all borrows must sign the waiver in order to process the request. To help explain what can cause the APR to increase or decrease here are some examples:Origination Fee, Loan Discount Fee (a change in interest rate might require an increase or decrease in this fee), Credit Report, Final Inspection Fee, Mortgage Broker Fee, Tax Service Fee, Processing Fee, Underwriting Fee, Wire Transfer Fee, Flood Certification, Automated Underwriting Fee, Doc Prep Fee, Closing or Escrow Fee, Attorney Fee (Lender only), Pest Inspection, Private Mortgage Insurance/ Mortgage Insurance Premium/ Funding Fee and, of course any change in Loan Amount. Did I leave anything out? Any other questions? Please post them here so I can respond.