Manchester, NH Real Estate News

By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Manchester NH Real Estate Market REPORT May 29, 2023.  The market is seeing some ups and some downs. Lets look at some trends then we can go over what they mean.LETS TAKE A LOOK AT SOME TRENDS:The Amount of  Single Family homes on the market has fallen.The average Listed price on Single Family homes has fallen.The amount of  Condos Listed has risen sharply. The average Listed price on Condos has fallen.-------Home Prices are fluctuating sharply. Location and condition matter greatly.Some Homes are being Sold too low when not priced right.Lots of home sales under contract are falling through.Yes, there are deals out there for buyers.-------------WHAT DO THESE TRENDS MEAN:  In general it is when things do not go right that a buyer or seller "learn a lesson" in dealing in this market. Both...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Do you think banks should leave the mini blinds up inside foreclosed homes?No i do not mean the ones hanging by a string, leaning all to one side, have teeth marks and covered in soot. I mean if they are a good quality blind or shade left behind. Would you want it left up or taken down in your REO listing?Why would i be asking such a thing, becuase with alot of banks that use national preservation companies, it is a blanket order to remove all window treatments. leaving the blinds up and closed limits people who are up to no good from seeing this is an easy target as a vacant home.I always inspect the blinds and request they be left up when possible. what would you or do you do for your REO listings?Updated Feb 1, 2011
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By Berkshire Hathaway HomeServices Verani Realty, Good to Know
(BHHS Verani Realty)
Do you want to feel like   Quick Links   Salem, NH Real Estate     Pelham, NH Real Estate     Windham, NH Real Estate     Atkinson, NH Real Estate     Hampstead, NH Real Estate     Plaistow, NH Real Estate       See Property Details   Call: for more information on this or any other property.   Visit Property Website                     Do you want to feel like you live in Manhattan? Maybe a flat in the Village? Look no further! This elegant one-bedroom will make you feel like you have been transported to the Big Apple. Take a look at the high end stainless-steel appliances, granite countertops, and hardwood floors, and you will realize that home is just around the corner.         335 Cypress Street, Manchester, NH 1 Bedrooms Bathrooms : 1 Full List Price : $ 76900 Living Area Approx : ...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
  Now that i got your attention, why you must be thinking would you get rewarded for a great job by banging your head against the wall??? I could have substituted for bang your head with pull your hair out but i need to keep my hair, old age and stress is taking care of the hair on its own.SO.... I got a great email last Friday from an Asset manager, They thanked me for getting so many offers on a new listing so quickly, 7 offers the first day of listing, the bank accepted a cash offer, set to close within 28 days and no contingincies, you can not get any cleaner. They rewarded me with a nother listing on Friday and she thanked me for my hard work.So move forward to today, now near 28 days into the sale, we should have a HUD, it is cash so no amounts will change but no HUD, The seller (...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
I never thought i would ever reach 100,000 points when i joined Active Rain less than 6 months ago. I was not quite sure how blogging worked or what type of results i would get, What i learned far exceeded any of my wildest imaginations. I have met some wonderful people from both near and far. I met agents in my own state that i had never worked with before that i have become friends with. I have met agents from the next state over and from 2000 miles away. I have been able to expand my knowledge of Real Estate and how things work in different areas. I appreciate all the knowledge you all have shared and all of your wonderful comments. I look forward to keep expanding my knowledge, to meeting new people from accross the country and reading your expereinces and blogs that assist me and e...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
There is nothing like waking up, turning on your cell phone and finding 6 messages from overnight from another Realtor. Where the calls came in between 11pm and midnight i do not know why they thought i would answer the 6th time and not on calls 1 thru 5. My first thought was too much tequilla or maybe not enough.You would think there was some type of emergency right? well no, their buyer wanted an update on the bank signing the deed to close. So being a Saturday the bank is closed, being 11pm at night the bank is also closed, seeing i updated them Friday that we still did not have the signed deed and the asset manager said it would arrive by Next Friday Feb. 4, 2011... I do not know why they thought anything would change on a weekend and after hours.So do you want to know my response??...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
I SEE DUMB PEOPLE- I guess that is not very PC (politically correct) however this was pretty dumb.... but to accomodate the PC  I will call them "Common Sense Challenged people" .In most cases the things i see involving the least amount of common sense deal with banks. They do have some very good workers i must say, i am blessed to work with some great asset managers who have great teams of processors and closers. I do get to see some banks though that just push the limit and this is one case that i just needed to share.I have a property under contract, we are waiting for teh signed deed from the bank, It gets send over night mail, we have the signed HUD, the time is set for the buyer tio close and bring his certified funds, but it never arrives....You see the deed got over night mailed...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Do you complete BPO's? Do you know the hazzards of attempting such a feat?Recently i wrote a blog with the top 10 Safety tips for BPO agents but was buried with far more emails of why they would need to use caution than i received comments on my blog. It spurred me to write this blog to expand my previous thoughts.BPO's known as a Broker Price Opinion to non-agents is like an appraisal. The banks use them before a property is auctioned at foreclosure and again after the home is taken back. Nowadays they are the largest tool in determining whether a short sale will or will not be approved.  Whenever emotions get intertwined with anything, you are sure to have a boiling point where emotions will cause rational people to do unrational things. I complete alot of BPO's and get to see the bes...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
  Today's FORECLOSURE of the Day - a story in pictures part 6  As part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to share with you the cream of the crop. This home has outdone my previous 6 homes i have featured here, if you have a weak stomach, picture 3 is not for you.I have been asked several questions regarding my posts, to answer one of them... i have purposely left out towns, cities and pictures of the front of homes on purpose to protect the "innocent".PLEASE FEEL FREE TO SEE  OUR PREVIOUS BLOGS ON THIS TOPIC PART 1 (please click here) http://actvra.in/4j8PART 2 (please click here) http://actvra.in/4km PART 3 (please click here) http://actvra....
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Today's FORECLOSURE of the Day - a story in pictures part 5  As part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to share with you the cream of the crop. It is a shame...PLEASE FEEL FREE TO SEE  OUR PREVIOUS BLOGS ON THIS TOPICPART 1 (please click here) http://actvra.in/4j8PART 2 (please click here) http://actvra.in/4km PART 3 (please click here) http://actvra.in/4lm PART 4 (please click here) http://actvra.in/4mZ If you are interested in purchasing a bank owned home, please see my blog with tips and advice on buying a bank owned home.  http://www.trulia.com/blog/scott_godzyk/2011/01/top_5_tips_for_buying_a_bank_owned_homeUpdated Jan. 24, 2011
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
  As of 10am the temperature was up to -1 degrees. Not a great way to start a week however it is Monday and business needs to keep moving forward. I had a unique call a half hour ago as a buyer asked if we would be postponing our closing due to the cold today? Puzzled as could be as there is no snow, roads are clear and cold weather afterall, is part of winter in New England. Although the news presents it as a major news story, throw on the winter coat, sacrafice fashion for warmth and head into the great outdoors, well at least the short walk down the sidewalk to the car that has been warming up for 20 minutes. On this Monday people are moving as slow as my Active Rain page again... Is your AR as slow as mine?So back to my closing, we worked so hard to get this to close and the buyer w...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
BPO SAFETY for agents and RealtorsAs more and more agents complete the ever increasing amount of BPO's for the banks and asset management companies, it has never been more important to practice safety.Home owners have increasingly lashed out at anyone in the field of Banking or Real Estate as their financial situations decline. There has been an increase in confrontations and threats that can not be taken lightly. The best course of action for a Real Estate agent is to be aware of their surrondings to avoid these confrontations. THE TOP 10  SAFETY TIPS FOR AGENTS WHO COMPLETE BPO'S1. Read your full BPO order BEFORE setting out to take pictures2. It is good to also print directions than rely completely on a a GPS3. Look up the house in MLS or tax card and make notes of it's color, style ...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Today's FORECLOSURE of the Day - a story in pictures part 4  As part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to share with you the cream of the crop. It is a shame...PLEASE FEEL FREE TO SEE  OUR PREVIOUS BLOGS ON THIS TOPICPART 1 (please click here) http://actvra.in/4j8PART 2 (please click here) http://actvra.in/4km PART 3 (please click here) http://actvra.in/4lm If you are interested in purchasing a bank owned home, please see my blog with tips and advice on buying a bank owned home.  http://www.trulia.com/blog/scott_godzyk/2011/01/top_5_tips_for_buying_a_bank_owned_homeUpdated Jan. 23, 2011 Scott GodzykOwner/BrokerGodzyk Realty GroupOne of New H...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
  Today's FORECLOSURE of the Day - a story in pictures part 3 As part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to share with you the cream of the crop. It is a shame...PLEASE FEEL FREE TO SEE  OUR PREVIOUS BLOGS ON THIS TOPICPART 1 (please click here) http://actvra.in/4j8PART 2 (please click here) http://actvra.in/4km If you are interested in purchasing a bank owned home, please see my blog with tips and advice on buying a bank owned home.  http://www.trulia.com/blog/scott_godzyk/2011/01/top_5_tips_for_buying_a_bank_owned_homeUpdated Jan. 22, 2011
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
I received a great email just a little while ago, i will edit it for your enjoyment.THANK YOU FOR KILLING MY SHORT SALEDear Scott Godzyk,You recently completed a BPO on my listing and short sale, i wanted to thank you for killing it. You did not even take into consideration or deduct for any repairs. 1. The roof needs repairs and will cost $25,000 to replace it2. The dish washer does not work. It is $500 to replace it.3. the hot water heater does not work, it will be $8000 to repla  ce it.4. All the heating elements on the stove do not work, it will be $1000 to replace.5. There is no grass, the yard is all dirt and will cost $15,000 to landscape.6. 4 of the closet doors do not either open or close. It will be $800 to replace them.7. The new buyer has asthma, it will cost $8500 to instal...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Friends and Family - What kind of customers do they make?There are various sayings about working with friends and family, and various sayings you can't live with them and cant live without them. But when it comes to working with either a friend or a family member, one tends to be lax in enforcing or practicing the rules of business. Such as having them sign an agency disclsoure but not signing a buyer broker agreement before giving them any listing sheets. There is no worse of a feeling to work with someone who is close to you to have them stray, it is always the same response from them of :I did not realize Real Estate works that wayI was told i could get a better deal without a buyer brokeri was told i had to list my home through them becuase i was buying a new home from them Then the...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
We need you to stand up and cheer... well ok.. you can also sit and cheer if you like... but we need you. Manchester NH is in the running of The Readers Digest "We hear you America" contest. $50,000 is at stake that can be used to help the Schools here in Manchester.Now there is something in it for you also as everyone who "cheers" is eligible for 1 of 10 $500 prizes as well as $35,000 grand prize to go towards a new car or cross country trip.Go to WehearyouAmerica.ReadersDigest.comSo please log on and vote, you can vote up to 10 times per dayPlease help us outUpdated Jan. 22, 2011
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
As part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to share with you the cream of the crop. It is a shame...PLEASE FEEL FREE TO SEE  OUR PREVIOUS BLOGS ON THIS TOPICPART 1 (please click here) http://actvra.in/4j8 If you are interested in purchasing a bank owned home, please see my blog with tips and advice on buying a bank owned home.  http://www.trulia.com/blog/scott_godzyk/2011/01/top_5_tips_for_buying_a_bank_owned_homeUpdated Jan. 21, 2011Blog Written by:Scott GodzykOwner/BrokerGodzyk Realty GroupOne of New Hampshire's Leading REO Brokerswww.ScottSellsNH.comCopyright 2008-2011, All rights reserved
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
I am lucky enough to view many new foreclosed homes every week, i thought it would be alot of fun if i shared the pictures of the "finer" homes with you. The mainstream media shows a one sided story of the last 3 years. I would like to show you the other side in a series of blogs. Please check back on my blog for a new home as often as i can.If you are eating... you may want to look away....No it was not a fire, that is black mold... Another Abandoned house in an upscale area.Updated Jan. 20, 2011
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Just when you think you have seen it all from the banks, think againAs a listing agent for several different banks each week brings up new and exciting challenges. The recent trend has been getting listings under contract and then having to wait and wait and wait some more for the foreclsoure deed ot be filed or for the deed to be signed that transfers the home to new buyer. Now all banks are not like this, just a select few and thankfully the minority.In the latest rash of waiting i have had a home that we have been waiting a couple of months which is abnormal. Despite daily emails from me asking for updates yesterday i got a notice they were entering the home into one of the national auctions.  As my hair grayed upon reading and sweat rolled off my brow, i calmly called the asset mana...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
 "Would you present an offer you received verbally to your seller?"Whether another agent or a potential buyer, if they call you with an offer, what you do with it?HOW DO YOU KNOW IF A VERBAL OFFER IS REAL?The toughest thing with a verbal offer is that the buyer can change their mind without recourseIS A VERBAL OFFER BINDING?in virtually all states verbal offers are not binding, they need to be in writing and accompnied by a earnest money deposit.DO YOU CONTACT YOUR SELLER WITH A VERBAL OFFER?I would not call my seller with that offer, i would encourage the buyer broker to write the offer on a purchase and sales agreement, get the buyers signature and a deposit check, they could scan and email it to me or fax it it as well for me to present immediately.If it was a buyer i would tell them...
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