portsmouth nh: Is There A Small Home In Your Future?
- 04/24/24 10:11 AM
Is there a small home in your future?Portsmouth, NH Real Estate It’s a definite possibility. Over a third of builders surveyed said they built smaller homes in 2023. More than 25% plan to build even smaller homes this year. Here’s why. Here are the reasons whyThe top two home-buying generations are searching for smaller homes. Millennials are looking for starter homes Baby Boomers are looking to downsize Both groups for different reasons don’t require a home of more than 2,500 square feet. Many millennials are moving from either their parents’ homes or smaller apartments and do not need a large detached home as … (3 comments)
portsmouth nh: What the Latest NAR Settlement Means for You
- 04/03/24 09:53 PM
You may have heard about the recent settlement in the National Association of Realtors (NAR) case, and it’s stirred up quite a bit of talk. But let’s clear up some misconceptions. This settlement isn’t about reducing the value of what real estate pros bring to the table or making homeownership harder to achieve. Instead, it’s a chance to improve transparency, flexibility, and, most importantly, the overall experience for consumers in real estate transactions. Let’s dive into what this settlement means, focusing on the positives for consumers and how we, as dedicated agents, are pivotal in shaping this new chapter in real … (4 comments)
portsmouth nh: Buy Your Next Portsmouth, NH Home With A Bridge Loan
- 03/26/24 04:57 PM
What is a bridge loan? A bridge loan is a temporary loan that helps “bridge” a gap for you. It can allow you to buy a new home before you sell your old one. You can borrow money based on the equity in your current home to use for the down payment on your new home. Then, when you sell your old home, you can use the money to pay off the bridge loan. How does a bridge loan work?A bridge loan works by providing short-term financing to help you buy a new home before you sell your current one. Here’s how one … (2 comments)
portsmouth nh: Portsmouth, New Hampshire Single Family Homes
- 03/24/24 06:19 PM
Price historyTo look at the history of single-family home sales in Portsmouth, New Hampshire I went back 19 years to get a good timeline of what’s been happening with prices. The chart above represents the median sales price of single-family Portsmouth homes from January 2005 through February 2024.The median price means that half the sales were higher and half were lower. On January 2005 the median price was $330,000. By August 2016 that median had risen to $405,000. There was a peak in June 2018 at $534,903 and a drop by December 2019 to $485,000. Fast forward to February 2024February 2024 is the … (5 comments)
portsmouth nh: If I Sell my New Hampshire Home Will I Owe Capital Gains Tax?
- 03/13/24 07:15 AM
We hear questions like this one often these days.“I’m thinking of selling my home in Portsmouth, but the value has increased substantially since we bought it. Will we have to pay a lot of taxes if we sell?” The best answer is maybe…….or maybe not. There are several ways for you to keep some or all of your profits if your home’s value has increased. First, let’s be clear on what a capital gain is.A capital gain is the profit you receive when you sell your house and pay … (7 comments)
portsmouth nh: Why You Need Your Own Buyer’s Agent For Your Next Home Purchase In Portsmouth, NH
- 03/10/24 07:06 PM
Buying a home is usually the largest purchase and financial commitment most people make in a lifetime. The process of finding and buying a home is both exhausting and complicated. For those reasons, you should find an experienced, local REALTOR in Portsmouth, NH, like Jim Lee and Ann Cummings from RE/MAX Shoreline, to guide you through the process, represent only you, and ensure your best interests are protected from start to finish. Here’s why Ann & Jim are your best choice. Source: NAR 2023 Profile of Home Buyers and SellersTypically there are two REALTORS involved in a real estate transaction.1. The Listing Agent works directly … (13 comments)
portsmouth nh: What Will the Housing Market Look Like in 2023?
- 01/02/23 10:41 AM
What Will the Housing Market Look Like in 2023?Spoiler alert; it's all about inflation. Jim Lee & Ann Cummings, REALTORS RE/MAX Shoreline New Hampshire Maine Real Estate Direct: 603-436-1221, voice or text … (3 comments)
portsmouth nh: Is it still a Seller’s Market on the New Hampshire Seacoast?
- 08/07/22 04:21 AM
Why It’s Still a Sellers’ MarketAs there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know this market is still anything but typical. Even though the supply of homes for sale has been growing this year, there’s still a shortage. And that means conditions continue to favor sellers today. That’s because the inventory level of homes for sale can help determine if buyers or sellers are in the driver’s seat. Realtors call it … (3 comments)
portsmouth nh: Do you know where home buyers come from?
- 03/12/18 06:00 PM
Do you know where home buyers come from? When we list a house for sale we know who the most likely buyer for that house are based on their demographic data and also where they likely live now. The National Association of Realtors publishes annually a “Profile of Buyers and Sellers”. The statistics to compile this report come from annual surveys taken of people who actually participated in a real estate transaction in the preceding year. We buy a copy annually and study it to increase our knowledge and expertise and to better serve our clients. The 2017 edition is 144 pages … (1 comments)
portsmouth nh: Use word pictures to sell your Portsmouth, NH house
- 02/08/18 03:07 PM
An old Chinese proverb says “One Picture Worth Ten Thousand Words”. However when selling a house, well constructed ads and sentences can be just as valuable. Here’s how we use word pictures to sell your Portsmouth, NH house. Think for a moment about some of the real estate ads you’ve read recently. Do they all sound alike,? For example, do they overuse tired words and phrases like: “won’t last long”, “motivated seller wants to move soon”, and others. What do words like these say to you as a home buyer? They say nothing to me and do not make me want to explore that home further. Now contrast the usual … (1 comments)
Historical data is often a great predictor of future trends and events. I find this especially true in real estate. The Portsmouth homes market has been very, very active this year with a limited amount of homes for sale and high buyer demand. Here's what he Portsmouth absorption rates look like for the first half of the year. Any number under 6 indicates a seller's market; a number close to 3 indicates a hot seller's market.. Read the rest of the story here. … (1 comments)
portsmouth nh: What is the “Absorption Rate” for Portsmouth NH Homes?
- 02/03/16 10:21 AM
What is the “absorption rate” for Portsmouth NH and the New Hampshire Seacoast homes for sale and why is that number so important? First we need to define exactly what a market absorption rate is and how it’s calculated. The strict definition of an absorption rate is the number of months it would take to sell the current homes listed for sale on the market. Generally around 6 months is known as a “balanced market”, that is one in which neither the seller or the buyer holds an advantage over the other. More than 6 months supply means that houses are not … (0 comments)
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Is there a small home in your future?Portsmouth, NH Real Estate
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