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Realtors and COVID-19

Kids furloughed from school, bars and restaurants closed, and people told to stay at home except for essential errands—the coronavirus pandemic has already upended life as most Americans know it. Now it's expected to turn the typically busy spring home-buying season on its head as well.

Despite the extremely low mortgage interest rates, the nation could be in for a rocky home-buying season. A recession triggered by COVID-19 appears to be on the way, and the stock market has plummeted, giving many buyers pause. There are also likely to be fewer homes on the market, longer closing times, and plenty of unanticipated delays in the coming weeks.

COVID-19 Real Estate Update 3-27-2020

Like many other organizations, we're adapting in this COVID-19 world.

Per orders of Governor Sununu  all non essential businesses are to close as of midnight tonight. A Real Estate company happens to be non essential.  Our Campton and Lincoln offices will be closed until further notice. Our Realtors on the other hand will continue to do as much as they can from the safety of their homes.

Continued communication with our clients and customers is important to all of us. What does this mean for our sellers: marketing strategies will continue to put your property in the forefront of  buyers able and willing to purchase as soon as the restrictions have lifted. 

A COVID-19 Message From Alpine Lakes Real Estate

?During this unprecedented COVID-19 pandemicAlpine Lakes Real Estate is continuing to monitor closely local and world events. With many companies closing their offices and directing their employees to work from home to help reduce the possible spread of this virus, our offices are no different. Currently our offices in Lincoln and Campton are open.

First and foremost, we are taking the safety and health of our Realtors, staff and our clients and customers seriously. We are adhering to the recommendations from our local, state, and federal governments. This is a fluid situation which we are monitoring daily to better adjust and change how we operate within our company.

COVID-19 and Real Estate Transactions

As the coronavirus spreads, how will it impact New Hampshire’s Real Estate Transactions?

We reached out to many of our most trusted professionals in the field to get their feedback and yet there appears to be only a minimal impact on NH transactions. Though Bank lobbies have been closed across the state, mortgage lenders are still able to meet in person with customers if they so choose and yet there hasn’t been a significant impact on transactions already in process.

Is Now the Time to Sell in Lincoln NH?

Is Now the Time to Sell in Lincoln NH?

 

 

Let’s review what has happen over the past 10 years from 2009 to 2019. Steve Loynd, Alpine Lakes Real Estate Inc., managing Broker in our Lincoln New Hampshire office has reviewed and analyzed the last 10 years market conditions. In 2009 there were 73 unites (single family and condominiums) that [...]

Home Buying Expenses - Be Prepared

It’s very likely that one of the largest expenses you will ever make is purchasing a home and budgeting for this venture is a definite must. Most borrowers will either be saving for a 5% down payment on a conventional loan or 3.5% for an FHA loan. However, there are additional expenses that buyers need to be aware of regardless of the loan type. Here is a chronological look at what you might expect and when it would come into play during the transaction.

Franconia Notch Vacation Specialists

Make Franconia Notch Vacations your "Home Base" for planning life's vacation in the Franconia Notch-White Mountain region of New Hampshire. Featuring "Book Direct" listings for the largest selection of Vacation Rentals, Resorts, Hotels, Motels and Campgrounds in the area, along with "all the local insight" you seek in your adventures & accommodations closest to Franconia Notch State Park with its famed Flume Gorge, Mount Lafayette, Cannon Mountain Tram & The Cannon/Mittersill Ski Area. 

Questions to Ask When Interviewing Potential Realtors

With limited inventory available on the market you should take special care when interviewing Realtors you want to work with whether you are selling or buying a home. Here's a few questions to ask those potential agents.

1. What’s your experience with selling property?

There’s no right or wrong answer requiring a full resume, however, you may wish to know if the Realtor sells real estate full-time or part-time and how long they’ve been in the industry.  It’s also reasonable to ask how they resolve issues such as discovering a lien after the fact, disputes with property lines, negative property inspection prior to closing etc.

Building Alternatives

?Construction management and home builder specialists Bob and Kathe Tortorice founded the construction company, Building Alternatives, Inc., in Chester, New Hampshire, in 1986. Unlike the general contractor’s role of quoting on your specifications, our owners changed the process by giving you control over construction. We listen to your plans and provide you with options and cost comparison choices to help you make informed decisions.

Giving Tuesday

Giving Tuesday is a day of giving celebrated on the Tuesday after Thanksgiving.  Entering its 6th year, this global movement is fueled by the power of social media. Giving Tuesday kicks off the charitable season, when many focus on their holiday and end-of-year giving.  There’s certainly no shortage of causes to give to; hurricanes, floods and wildfires, just to name a few. But there are also many organizations right in our own communities in need of financial and volunteer support.  Giving Tuesday is a great time to consider giving back locally. Northern New Hampshire is blessed with a diverse group of organizations aimed at a variety of social causes such as housing, medical care, fuel assistance, child care and providing food. In NH, Granite United Way has developed a website to search specific services in different areas of the state, 211nh.org.

The Flume Gorge

The Flume is a natural gorge extending 800 feet at the base of Mount Liberty. The walls of Conway granite rise to a height of 70 to 90 feet and are 12 to 20 feet apart. A trip into the Flume begins and ends at the Flume Visitor's Center. Guests can choose to walk through just the Gorge or do a two-mile loop. The walk includes uphill walking and lots of stairs. The boardwalk allows you to look closely at the growth of flowers, ferns and mosses found here. 

New England Ski Museum

Welcome to the New England Ski Museum. Our mission is to collect, conserve, and exhibit elements of ski history for research, education and inspiration. We have operated our Museum at Franconia Notch State Park since December, 1982 and welcome thousands of visitors each year. Whether online or in person, we encourage you to enjoy our stories from the history of skiing.

C. Randolph Trainor Interiors

As an interior designer, C. Randolph Trainor Interior’s mission is to help you create rooms that reflect your taste and that work for you, whether they are in your primary or second home, your clubhouse or your office. On your behalf, they collaborate with tradesmen, contractors and construction teams, and schedule the material. 

They also act as your advocate, so that the project runs smoothly, you use your funds wisely, and the outcome is absolutely stunning. Together, you will make timely, dollar-wise and strategic decisions for results that bring joy for years to come.

CRT-designed rooms are not fussy and overdesigned. They leave room for each client’s history, personality and input: they design for people and their living requirements, not for the pages of a magazine. When we complete a project, our clients can walk into a space and immediately feel a sense of comfort and ease. Lamps are at the right height for reading, artwork hung for the best effect, and furniture grouped so that it works well for the inhabitants. They also provide healthy and eco-friendly options to minimize toxicity levels and to create a more responsibly designed environment.

Cannon Mountain - The Living Legend

Cannon Mountain (formerly Profile Mountain) is a 4,080-foot peak in the White Mountains of New Hampshire. It is known for both its technical rock and ice climbing on its cliff face and skiing at Cannon Mountain Ski Area. It was also home to the Old Man of the Mountain, until that formation collapsed on May 3, 2003.

Cannon Mountain, which is the only alpine ski area owned and operated by the state of New Hampshire, ended the 2018-19 season having recorded increases in both revenue and ridership.

Purchasing Your Second Primary Residence

For first-time home buyers, the process can be completely overwhelming. There are contracts, deadlines, inspections, deposits, etc. When you outgrow that first home and decide to sell it and buy something better suited for your current situation you might think it’ll be a piece of cake because you’ve already done it once.  Not so fast . . . the process will be equally overwhelming if not more due to regulations put in the place since you purchased your first home.

First, you need to sell your existing home and determining where you’ll live until you find and close on a new home. It’s possible to find a home before you’ve sold your existing residence, but it can be tricky to pull it off, so you may choose to get the first home sold before making an offer on a new one.

Investing in Real Estate

Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Being a real estate investor isn’t always glamorous but it’s a great way to make your money work for you and build wealth over the long-haul.  There are several ways to consider investing in real estate, buying properties with the intention of renting them to generate income,1031 Exchange or buy, fix, and flip to other buyers. 

When considering investment options think about this, when you buy a stock, it simply sits in your brokerage account and, hopefully, increases in value. If you invest in a rental property, there are many responsibilities that come along with being a landlord. When the furnace stops working in the middle of the night, it's you who gets the phone call. If you have the skills and don't mind handyman work, this may not be barrier; otherwise, you may need a property manager which, of course, affects your profit.

Credit Basics

Credit affects all people; young, old, rich or poor. Credit reports and scores can impact all aspects of our lives; loans, credit card offers, renting an apartment and even job opportunities. Because of this, it’s critical that you understand how credit works and what factors create your credit score.

There are three major national consumer credit reporting agencies that create credit reports; TransUnion, Experian and Equifax.  Each agency uses a credit scoring model that typically ranges from 300 – 850. Your credit score is a three-digit number that relates to how likely you are to repay debt and is largely based on payment history and limit to balance ratio. For example, if you have a credit card account with a $5,000 limit and your balance is $1,000, it’s more likely to have a positive impact on your score as opposed to having a $4800 balance on that same account.  Your score will never factor in personal information like your race, gender, religion, marital status or national origin.