selling: What is a resonable offer in todays market? - 04/13/09 02:00 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)

selling: 1st Quarter Absorption Rate for Manchester NH - 04/06/09 04:35 AM
The City of Manchester has weathered the 1st quarter of this year and the information regarding its absorption rate is in, before I give that information out I want to explain quickly what the definition is for absorption rate. In short the absorption rate for a Town/City is the length of time it will take for the current inventory on the market to be absorbed .  The magic number looked at by Realtors is 6 months, meaning if the market has a rate above 6 months the market is considered to be a Buyers Market. If the absorption rate is below the … (2 comments)

selling: 1st Quarter Absorption Rate for Windham NH - 04/06/09 04:20 AM

A new year is upon us and the 1st quarter of 2009 has closed, so how did Windham do in this 1st quarter. The absorption rate for the Town ended at 7.46 months, which means that it will take that many months for the market to absorb the current inventory of properties that are out there.
Windham ended last year with an absorption rate of 9.44 months, so the good news is that our rate has dropped by two months. The not so good news is that the rate is still very high, if the absorption rate is above 6 … (0 comments)

selling: 1st Quarter Absorption rates for Londonderry NH - 04/03/09 03:05 AM
The 1st quarter has ended for Londonderry and it is time to see where the Town stands. At the end of 2008 Londonderry's absorption rate was 7.19 months, which means that it would take the market 7.19 months to absorb the current inventory on the market. As I have stated in previous posts, when the absorption rate is above 6 months the market is considered to be a Buyer's Market. The end of year absorption rate showed that Londonderry was firmly in the grips of the Buyer's market and even though the Town fared better than their neighbors or the County the market … (0 comments)

selling: 1st Quarter Absorption Rates for Derry NH - 04/02/09 07:41 AM









The 1st Quarter has ended for the Town of Derry and the absorption rate figures are in. Derry ended last year strongly gripped in a Buyer's Market with an absorption rate of 7.89 months, this meant that at years end it would take approximately 7.89 months for the inventory that was on the market to be sold. Any time the absorption rate for an area is above 6 months, the market is considered to be a Buyers Market.
Derry's 1st quarter results show that it is still strongly gripped in a Buyer's … (0 comments)

selling: Dear Mr. Seller I showed your home and need to know where your Agent is! - 03/16/09 07:27 AM
Dear Mr. Seller,
This past weekend I had the pleasure of showing your property off to my Clients. Your home showed beautifully, all the lights were on when we arrived, nice music was playing as we walked around and admired all that has been done to the property, in short your staging of the home was exquisite. My Clients viewed approximately 8 properties this past weekend and your home is one of the properties they have narrowed down to their short list.
There is only one problem that we need to overcome and that is, where is your Agent? I tried … (10 comments)

selling: What questions should you ask when hiring a Realtor- Part 1 - 03/09/09 02:58 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)

selling: Choosing the right Agent When Selling Your Home - 02/15/09 06:10 AM
As the title implies, it is very important to choose the correct Agent when you decide to sell your home. How do you go about doing this, what are the correct questions to ask, do you work with an Agent that a friend or family member refer to you?  These are just a few questions among many that face the average home owner when they decide to place their home on the market.
First I think you should look at whether there is someone you know in real estate or that could be referred to you. Sometimes the best Agents to work with … (2 comments)

selling: Some Statistics On NH Residential Home Sales - 01/29/09 06:08 AM
Recently I came across some very interesting information regarding home sales for New Hampshire as well as Rockingham County.  The information comes from Northern New England Real Estate Network/NHAR. The information looked at Statewide/Countywide residential home sales, over the past 10 years and here is some of what they reported:
In 1998 the amount of houses sold Statewide totaled approximately 14,507, with a median price of $127,500.
In 2008 the amount of houses sold Statewide totaled approximately 10,169, with a median price of $235,000.
The increase in property value over the 10 year period reflects an approximate 85% increase in home … (0 comments)

selling: Town Of Derry's End Of Year Results - 01/04/09 03:36 AM
The end of the year has come and a new year has started for the Town of Derry. With the beginning of a new year comes the question of how the Town faired when it comes to marketing/selling homes. In order to determine how the Town of Derry did, we have to look at the absorption rate for 2008. The absorption rate is the amount of time it will take for the current inventory of properties for sale, to be absorbed by the market. Real Estate professionals generally agree that when the absorption rate for a Town is above 6 months … (2 comments)

selling: Town Of Windham's End Of Year Results - 01/04/09 03:18 AM
The end of the year has come for the Town of Windham and a new one has started. How did the Town fair this past year when it comes to Selling homes within the Town, the answer lies with the absorption rate. In previous posts I have explained that the absorption rate for a Town is simply the amount of time it will take for the market to absorb the current inventory of property that is on the market. Most Realtors agree that an absorption rate of over 6 months places you into a Buyers Market, one that is below 6 months … (0 comments)

selling: Londonderry's End Of Year Results - 01/04/09 02:51 AM
The end of the year has come and the beginning of a new one has begun, how did the Real Estate Market end for the Town of Londonderry in 2008? The answer to this question lies in the absorption rate for the Town. As I have stated in previous posts, the absorption rate is a reflection of the amount of time it will take for the market to"absorb" the current inventory of property that is on the market. In general, most experts agree that an absorption rate of over 6 months means that you are in a Buyers Market.
During the past year, … (0 comments)

selling: End Of Year Absorption Rate Results For Rockingham County - 01/04/09 01:56 AM
Well 2008 is over and the end of year results are in for Rockingham County. During most of 2008 the County struggled with an absorption rate of approximately 11months. This meant that homes in the County were taking approximately 11 months to sell. As I've posted before, the absorption rate is a reflection of how long it will take for the market to absorb up the current inventory of properties for sale. When the absorption rate is above 6 months the market is considered to be in a Buyers Market. 
Rockingham County ended this year with a little bit of good … (1 comments)

selling: Designated Agency is coming to NH - 10/21/08 01:37 AM
As of January 1, 2009 Consumers in NH will now have another option when it comes to working with a Realtor. As of today, Consumers have Seller Agency, Buyer Agency, Non Agency and Disclosed Dual Agency as options but as of the 1st of the year Designated Agency will arrive in NH.
What is designated Agency and how does it work? The answer is actually quite simple. Seller,Buyer and Non Agency will remain the same, what changes is that now a Realtor can be a Designated Seller/Buyer Agent which virtually gets rid of Disclosed Dual Agency. If some of you are not … (1 comments)

selling: Preparing Your House For the Market - 05/22/08 01:39 AM
When you decide it is time to sell your home, there are a few things you should consider doing. Below is a list of some housekeeping items you may wish to do prior to listing or showing your property. Your Realtor can give you other suggestions based off of your specific property and needs:
 
1) Remove all clutter from the house, are the counter tops free and clear? Have you removed unnecessary furniture throughout the house?
2) Check the bathrooms, are the surfaces clean and clear, are the shower curtains clean, if you have a slider is it opening smoothly? … (0 comments)

selling: Real property versua Personal Property, what's the difference? - 04/29/08 01:30 AM
At closing time the last thing you want is a dispute over what belongs with the property and what does not. It is not at all unusual for a Buyer to believe that a particular item is being included with the sale, while the Seller has no intention of leaving that item behind. Classic examples of items disputed over are window coverings, lighting fixtures or outdoor plants. Just about anything that might be construed by a Buyer as "remaining with the property"  has the potential to cause misunderstanding and disagreement. In many instances these issues do not come up until the final walk-thru … (1 comments)

selling: Things Sellers should not Due when selling their home - 04/09/08 02:00 AM
Over the years of being in the Real Estate business I've seen a lot of things that Sellers due or neglect to do when they place their home on the market. Now that we are in the Spring Market I think that its time for the on line consumer (especially Sellers) to know some of the don'ts, when marketing their home.
Here is my list, in no particular order:
1) When you know that a showing is going to occur, don't leave your dog sitting on the front steps to greet the Agent and their Buyers. If the dog is startled by … (0 comments)

selling: What every Seller should know about "Fee Co-operation" - 04/04/08 01:47 AM
As a home owner you think that once you decide that you want to sell your home, all you have to do is interview a few Realtor's pick one you like then sit back and let the Realtor do the rest, right? If you said yes, then you want to read the rest of this blog.
A point that many home owners overlook is the fee split that will be paid out on their behalf in the MLS by their Realtor. In years past many Sellers could have cared less how much of the fee (if any) was paid out to … (0 comments)

selling: Is Your Home Not Selling? - 03/21/08 02:29 AM
If you have had your home on the market for months and have not seen much activity, chances are there are several things causing this.
The most common reason for a home not selling is that the asking price has been set to high. The reasons for setting your price to high are many, ranging from over enthusiastic Listing Agents to unrealistic Seller expectations. If you've priced your home to high, you have set yourself up for a number of obstacles to selling your home. Even if you do get an offer at the list price, the deal may fall apart … (0 comments)

selling: Preping Your House For the Spring Market - 03/16/08 02:33 AM
Well it's just about that time of year, the time period loved by every Realtor and every Seller. What am I talking about, its the Spring Market!
When you decide it's time to sell your home there are a few things you should consider doing. Below is a list of some housekeeping items that as a Seller you may wish to do prior to listing your specific property:
1) Remove all clutter from the house, are the counter-tops free and clear? Have you removed unnecessary furniture from the house?
2) Check the bathrooms, are the surfaces clean and clear? are the … (0 comments)

 

Christopher Bonta

Realtor, Integrity and Honesty

Londonderry, NH

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The Bean Group

Address: 78 West Broadway , Derry, NH, 03038

Office: (603) 434-4404

Mobile: (603) 571-1466

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