Stay-at-home orders have led many families to cook together more, sending kitchens into overdrive. All that time prepping meals gives homeowners new kitchen goals: easier maintenance and better hygiene. Here are a few ideas for a fresher style.
First Time Home buyer
USDA Rural Development’s Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality. Providing these affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.
Are you thinking about buying home? Have you been doing your research? Are you overwhelmed yet? The homebuying world can be an intimidating place, especially for first-time buyers. But rest assured there are professionals at every turn that can help you through the process.
Many clients are looking for a care free condo, and single family homes are not on the top of the listing for vacation ownership. Many feel there is too much work to do maintenance and up keep. While that may be true with older homes, that concern can be the complete opposite with a newer home.
Steps to Homeownership
New Hampshire Housing offers a number of different homeownership programs to help make homeownership more affordable. While the specific programs may have different income limits, in general, we serve borrowers with incomes up to $135,300.
We offer low downpayment requirements, down payment assistance (up to 3% cash to help with downpayment and closing costs), the homebuyer tax credit (HBTC) (Must be a first-time homebuyer or buying in a targeted community) and low-mortgage insurance options;
Are you ready to buy a home?
Just like every industry, the coronavirus flipped the real estate market upside down, completely changing the way realtors, buyers and sellers do business. The normal spring market is like Super Bowl Sunday every weekend. This year, Realtors were left scrambling to keep everyone safe in the process. Standard showings became Virtual Showings and 3D Tours, and, in some cases, buyers were purchasing homes they’d never stepped foot in.
What does all this mean? In short – due to a previous Executive Order, consumers cannot be evicted or foreclosed on their residence until the original order is lifted. What it doesn’t mean is that consumers are not liable to pay their rent or mortgage, it just gives them some wiggle room during the pandemic to create and adapt an emergency household budget or find other financial resources to pay these debts.
Real Estate is evolving on a daily basis right now and none of us truly know how the story will end. Believe it or not, there are buyers out there that are still looking for their dream home. Those would be the buyers that are confident with their employment situation and have been able to save for the transaction. At the same time there are many homeowners not being pushed to sell because their lender has automatically deferred their mortgage payments. Still, buyers should not assume that because we are in a pandemic they can automatically lowball a seller. Sellers may be more willing, however, to entertain offers on the lower end. The reality is a buyer won’t know how motivated a seller is until they make an offer. Buyers need to keep in mind that no matter how badly a seller needs to sell they may not want to engage with a buyer who low balls an initial offer.
Buying your first home can be emotionally and financially challenging. With rising home prices, limited inventory, down-payment requirements and upfront expenses, it's enough to overwhelm someone right out of the process. In New Hampshire some local banks recognize how difficut entering the housing market can be and have taken some steps to offer some relief. In association with the Federal Home Loan Bank of Boston some banks can offer the Equity Buider Program (EBP). The program is available to income eligibe households who can get up to $15,000 to use towards a down payment or cosing costs.
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.
?During this unprecedented COVID-19 pandemic, Alpine 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.
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.
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.
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.
?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.
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.
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 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.
The cooler autumn months are here. Football season is in full swing, the kids are back in school, and the holidays are right around the corner. But perhaps one of the least known advantages at this time of year is the ability to claim a deal on a home. Those looking to buy a home in the fall have many factors in their favor.
New England temperatures are cooling down and we switch from vacation mode, trips to the beach and care-free living to settling into our children's school schedules, new jobs or perhaps empty nest living. Take this opportunity to assess your current housing situation and should your thoughts turn to selling your current home then now is best time to start planning rather than later. To determine the best time to put your home on the market you may wish to contact your local real estate agent. He or she will help you with strategies to get the highest and best sales price. And speaking of agents, it’s strongly suggested to interview a few Realtors, experience and personalities are important to determine who will be the most successful in coordinating your transaction. Click here for some questions to ask when choosing a Realtor to list your property with.
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