realtor: What to do when the Seller, the Buyer and their Agents can not agree?
- 02/02/12 11:56 PM
I am currently negotiating an offer between a Buyer and a Seller. They are at war over the wording in a contingincy. "THIS SALE IS CONTINGENT UPON THE HOME APPRASING AT OR ABOVE THE APPRAISED VALUE OR THIS SALE SHALL BE NULL AND VOID."
The problem starts as the buyer is getting a conventional mortgage with 20% down, there will be no PMI. In order to get the mortgage, the mortgage company will hire an appraiser. The appraisal should provide an independant value of what the home is worth in todays market. If the appraisal is below the sales amount the … (21 comments)
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realtor: It is GROUND HOG DAY, what you did not see on TV that the GroundHog signaled for the REAL ESTATE Market
- 02/02/12 01:19 AM
Today being GroundHog Day Feb. 2, 2012, we saw the Ground Hog come out only to see his shadow and head back in his hole letting everyone know there is 6 more weeks of winter. What you did not see on TV is that when the cameras were turned off, he came back out and headed straight for a home across the street with a "For Sale" sign. Seeing the incredible Low Prices and Ultra Low Interest Rates there was no way he was going back into his hole with such new great new homes available to him. The Ground Hog signaled … (8 comments)
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realtor: Why do my offers keep getting rejected?
- 02/01/12 01:02 AM
A common question from BUYERS as of late is "Why do my offers keep getting rejected?" The simple answer in most cases is someone made a better offer than you or you can look at it as you made an offer worse than someone else. Here in the Manchester NH area where homes on the market of decreased near 30% and sales are up 10-20% there are more buyers making offers on listings. It is common for me to get 4-5 offers within the first 7 days of a new listing.
OFFERS CAN BE RANKED FROM TOP TO BOTTOM OF MOST DESIRABLE … (14 comments)
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realtor: Who the heck Priced that House? There is trouble brewing...
- 01/31/12 01:38 AM
There is a war raging and some of you may not even have noticed...yet... Others may be right in the heart of it. As the amount of homes Listed on the market declines sharply and the amount of sales continues to increase we have seen market stabilization in a lot of areas including here in the Manchester NH area. Prices have actually began to rise in segments of our market.
There are 4 distinct sides in this "War of values". Which side will you be taking?
1. SELLERS: One of the most important things that can help you sell your home is … (74 comments)
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realtor: Is that Really how you run your Real Estate Business?
- 01/30/12 11:57 AM
Every now and then you get one of those clients that expects the best from you. This is one of those stories filled with some luck and some not so lucky decisions of some. A knowledgable Buyer can be the Best type of Buyer to work with. They know where they want to be, what type of home, what neighborhood, what price range, what condition and what time frame they we will be buying in. When they do not get the service they expect, there can be a price to pay. When word of mouth can lead to the gain or … (10 comments)
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realtor: Market update and Activity Report for Manchester NH for the 4th week of January 2012
- 01/30/12 01:33 AM
MARKET UPDATE and Report for MANCHESTER NH for the 4th Week of January 2012
As the end of January approaches, winter has made only spotty appearances with our days warmer than average. It has made for some great viewing weather for homes. Last week we saw our first increase in new homes coming on the market which was offset be the increae in Sales. The new homes represent a lot of bank Owned homes that were Foreclosed after a long moratorium by Banks. Most Foreclsoures are on vacasnt homes and people who have not poaid for 1-2 years on average.
Our market continues … (2 comments)
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realtor: MARKET UPDATE and Report for HOOKSETT NH for the 4th Week of January 2012
- 01/30/12 01:33 AM
MARKET UPDATE and Report for HOOKSETT NH for the 4th Week of January 2012
As the end of January approaches, winter has made only spotty appearances with our days warmer than average. It has made for some great viewing weather for homes. Last week we saw our first increase in new homes coming on the market which was offset be the increae in Sales. The new homes represent a lot of bank Owned homes that were Foreclosed after a long moratorium by Banks. Most Foreclsoures are on vacasnt homes and people who have not poaid for 1-2 years on average.
Our … (0 comments)
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realtor: Why don't Home Owners just sell their homes before they get Foreclosed?
- 01/28/12 01:25 AM
I have been receiving a great deal of questions from Buyers that want to know why more people who are facing FORECLOSURE do not place their homes "For Sale" before the Bank takes it. It is a great question. From my experience the three most common reasons would be (1) The Home Owner probabily owes more than their house was worth in today's market and (2) Too many home owners either give up and just move out or (3) The Home Owner waits too long to get help and the Bank sets a Foreclosure Auction Date.
If you are a Home Owner and Owe … (10 comments)
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realtor: A Breakdown of the 2011 Unemplyment Rates
- 01/27/12 11:50 AM
The results are in for unemployment rates here in New Hampshire for 2011. Every county saw decreases. Statewide we started Jan 1, 2011 at 5.6% and ended at Dec. 31, 2011 at 5.1%. NH has been blessed with a strong job market and a sharp growth in our Real Estate market. Prices have stabilzed, the amount of Listings are down near 30% and Sales are up from 10-18%.
Another reason that makes New hampshire a great place to Live, Work and Play.
It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes … (2 comments)
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realtor: New BANK OWNED Listing - Home PRICED FOR QUICK SALE in Henniker
- 01/27/12 01:33 AM
New BANK OWNED LISTING at 72 TANGLEWOOD DR, HENNIKER NH
PRICED FOR A QUICK SALE AT $100,500
Situated on 1.18 Acres this Country home boasts 1586 SQ FT, a carport, 3 season porch, large living Room with a Fireplace, Family, finished lower level, wood stove, and private wooded back yard. Some new carpeting and paint.
Property is subject to prior sale and changes without notice. Sold "As Is". Prequalification letter required on all offers, Please allow 2-3 business days for seller response. The information although believed accurate, is not guaranteed.
WOODED … (8 comments)
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realtor: New BANK OWNED Home Priced for Quick Sale in Hillsbough
- 01/27/12 12:56 AM
New BANK OWNED LISTING at 300 Beard Hill Rd, Hillsborugh NH
PRICED FOR A QUICK SALE AT $71,900
Situated on 2.9 Acres this Country home boasts 1773 SQ FT, a 2 car detached garage, 3 season porch, ultra large kitchen, familiy room with a wood stove, 1st floor laundry room, a shed and private wooded back yard.
Property subject to changes without notice. Sold "As Is".
Prequalification letter or proof of funds required on all offers, Please allow 2-3 business days for seller response. The information although believed accurate, is not guaranteed.
… (6 comments)
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realtor: SHORT SALES vs BANK OWNED HOMES - Which one is a Better Buy?
- 01/25/12 01:56 AM
Some of the Greatest opportunities to purchase a home these days at "The Best Prices" are either a SHORT SALE or a BANK OWNED HOME also known as a FORECLOSURE. Each has a distinct set of advnatgaes and disadvantages with themselves and over each other. Here in the Manchester NH area it is one of the most common questions from Buyers "Which one is best for me?"
As the Real Estate market continues to strengthen across the county, the amount of buyers is rising and the amount of homes on the market is declining. This means buyers have less time to ponder and … (10 comments)
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realtor: Not Paying Your HOA Fees Is The #1 Killer of Short Sales and Deed In Lieu
- 01/25/12 12:57 AM
One problem with short sales is when the home is in a HOA (Home Owners Association) which is more commonly known in NH as a Condominium or a PUD (Planned unit developement). When the seller is not paying the HOA or Condo fees. The HOA can shut off or deny services, pull parking permits, deny use of the pool and restrict access. As a leading Listing agent of Short Sales in NH it is important to me to educate my sellers regarding these potential issues. Please check out the further consequences in this well written post by Nestor and Katerina which … (0 comments)
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realtor: How do MULTIPLE OFFERS affect the way we LIST and SELL REAL ESTATE Today?
- 01/24/12 01:27 AM
As the Real Estate market continues to strengthen across the county, the amount of buyers is rising and the amount of homes on the market is declining. Here in the Manchester NH area we have seen close to a 30% decline in homes currently listed. We have seen our sales increase 10-20% in most areas. The newest Real Estate trend is called a "MULTIPLE OFFER SITUATION". Multiple offers can be a great thing for Listing Agents and Sellers but a complicated one for Buyers and stressfull time for their agents.
With the near complete stoppage in foreclosures last year to fix … (24 comments)
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realtor: Preparing Your Child for a Move
- 01/24/12 12:32 AM
One of the hardest parts of moving are the emotional parts. For children moving can be very scary. Jenifer wrote an excellent blog that highlights this issue. So many times in the rush and haste of moving I see children who look really scared during teh process. It is important to include them and bring back a routine to make them comfortable.
Sooner or later, many families face the prospect of moving. Disruptive as moving can be for parents, the experience can be even more traumatic for kids, who may not be a part of the decision to move and might … (0 comments)
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realtor: How Long does it take the BANK to answer an OFFER?
- 01/23/12 10:27 AM
One of the most asked questions when Buying a Bank Owned Home or foreclosure is "How long does it take the Bank to Answer my offer?" Each bank is unique, There are many variables The first thing is if you are dealing with a Bank or an Asset Management Company. Most banks assign properties to an Asset management Company to manage and sell the property. The AM Company than assigns the Listing to a Local and approved Listing Agent.
Some things you should note and ask:
1. Is the Listing Agent holding Offers: This controversial practice has agents who hold offers and … (8 comments)
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realtor: Beware of the Hazzards of Real Estate
- 01/23/12 01:34 AM
The busier an agent is, the more houses they get to see and the more people they get to meet. As a leading Listing Agent of properties here in Manchester NH I seem to get to see more than my fair share of interesting things and hazzards. Being a Real Estate agent is not all glamour, fun and games. One has to be aware of the hazzards and dangers as well. Last week I faced an onslought of challenges I want to share to help you all in the future avoid them. 1. VACANT HOUSES, before you enter, walk around the exterior, … (9 comments)
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realtor: TOP 5 "KEYS" to Getting Your Offer accepted when BUYING A HOME.
- 01/21/12 02:18 AM
The Real Estate Housing Crisis has hit bottom in quite a few areas, New Hampshire seems to one of those. The amount of Homes currently listed is down near 30% while Sales remain strong and are up 10-20% in some markets. With the market improvement, some buyers are finding themselves losing their dream home beacuse of making "BAD" Offers. As a Leading Listing agent of Bank Owned Homes, Short Sales and Owner Occupied Properties I see this trend as i am the one usually presenting these Bad" Offers and get first hand feedback from the sellers.
TOP 5 "KEYS" TO GETTING YOUR OFFER ACCEPTED WHEN BUYING A HOME1. GET PRE-QUAILIFIED: … (13 comments)
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realtor: Market update and Activity Report for Manchester NH for the 3rd week of January
- 01/21/12 01:30 AM
MARKET UPDATE and Report for MANCHESTER NH for the 3rd Week of January 2012Our market continues to strengthen as Inventory (Homes Listed) continues to fall as Sales remain steady. In the third week of January Mother Nature brought Winter into New Hampshire which slowed down showings and pending sales but new inquiries showed a strong growth. Relocation inquiries were up with both corporate and military relocations on the rise.
In the winter weather plays havic with our stats. The one thing that shines is the people who are looking to see a home, are buying. new Listings that are clean and priced … (0 comments)
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realtor: How do you avoid a "Denial" when Buying a SHORT SALE?
- 01/20/12 01:53 AM
When it comes to Short Sales most can agree that rejection often comes from a short sale that was not submitted correctly and or a lack of attention during negotiations. In yesterday's blog Who is to Blame with our SHORT SALE CRISIS? I concentrated on the top reasons Short Sales get rejected and what a Home owner and Listing Agent can do about it. As a leading Listing agent of both Short Sales and Foreclosures here in the Manchester NH area, most bank owned homes became that becuase of a failed short sale. Today I look at it from The Buyers point of … (2 comments)
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I am currently negotiating an offer between a Buyer and a Seller. They are at war over the wording in a contingincy. "THIS SALE IS CONTINGENT UPON THE HOME APPRASING AT OR ABOVE THE APPRAISED VALUE OR THIS SALE SHALL BE NULL AND VOID." 
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