While NH real estate sales rose from April to May by 3.7%, year-to-date, they are down 1.2%. The reality is there are just not enough homes on the market for the number of buyers looking to make purchases and that’s a serious problem. The most desirable homes, the ones that are selling, tend to be smaller, and more affordable, slowing the median increase.
Blog :: 07-2019
When some people decide to buy property outside that state in which they currently live, they may be doing it with a lot of knowledge already. They could have the resources of friends and family already living there, or the experience of having visited and spent significant amounts of time in the state.
For others, however, the choice to buy real estate- whether it’s a commercial property, single home, a condo, or even bare land- can seem daunting without some knowledge of the new state.
Of course, there is some research you can do for yourself. You'll have to narrow it down to the state and maybe a county or region on our own. But when you get down to choosing a city or town, the best source of information is going to be a well-qualified real estate broker.
You may know the phrase “Grandfathered” from the recent short-run TV sitcom, but for years the term has been given to real estate properties that wouldn’t, under current regulations, be allowed to be constructed upon. In many (but not all) cases that can be a good thing when a property comes up for sale. For example, in the case of waterfront real estate, many restrictions have been imposed on new construction dealing with setbacks, site clearing and size of structure, sometimes to the point of making a previously designed building site unbuildable under the new guidelines.
Yankee values may have started on the east coast and being frugal has its place at the grocery store or car dealership, but not always when it comes to real estate. While there’s real estate for sale everywhere, the search for a great deal is not unique to one geographic area in the United States of America - but there are limits.
Is it time to stop thinking you should always be offering less than asking price?
Know which loan conforms to the property before you apply to a lender.
Question: Are you all set with your financing?
Answer: My buddy has me all set with a great rate.
NOT SO FAST… will the property conform to the type of loan you have been assured you’ll be approved for, at this great rate?
Here is where your Realtor comes in and guides you through the process in determining if you will get that loan or waste three weeks thinking it’s a breeze only to find out the property: Type, Location, Association, or occupancy doesn’t allow the loan you are “pre-Approved” for.