Manchester, NH Real Estate News

By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
The amount of homes coming on the market increased greatly last week in the Manchester NH area. The amount of single family homes for sale went up sharply last week. The amount of pending sales remained steady. We are seeing home that are not selling the first week they are listed any longer. Being priced too high for their condition or their neighborhood, seems to be the leading reason. Look for this trend to continue, We are also seeing a trend with banks being tougher on borrowers. the criteria to get a mortgage is stricter. Appraisals are coming in lower. Some warranted but some not warranted. Look for appraisal issues to continue. The one thing that will matter more than ever is the real estate agents ability to handle these lending and appraisal issues now and in the future. Exper...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
If you owe more than your house is worth, if you are behind in your payments or not, there is help for you. I am sure you have heard the term althoug most people do not know what a 'Short Sale" is or how it works,Simply put a short sale is where the bank reduces what you owe to allow you to sell your house. A shiort sale can save your credit and will allow you to recover financially must faster than letting your house be foreclosed on face the much worse credit rating of a foreclsoure.The process of a short sale goes as well as the person you have handling it is experienced with short sales. The truth is all agents are not expereinced in short sales, hearing about them, knowing about them or taking a class on them will not give you expereince. You want someone who has listed and has suc...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
If you are looking to rent to own a home, here are soem tips to get you started.It is a good idea as the first step, to get prequailified. Meet with a local and trusted bank or mrotgage company. Stay away from internet lenders. You need to find out how long it will take you to get a mortgage so you know how long of a lease your need. As well as what you will need to do to be quailified by the time that lease is up. You can get prequailified at no cost at most truste dlenders.Then you need to know what price range you will be able to purchase in. you do not want to lease a home out of your price range as you may never be able to purchase it. You may not have the resources to find teh properties that are not being offered as lease purchase already. Your next step should be to work with a ...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
NORTH MANCHESTER NH COMPLETELY REDONE HOME   IF YOU ARE LOOKING FOR A HOME IN THE DESIRED NORTH END OF MANCHESTER NH, THIS ONE MAY BE FOR YOU.... Residential4005124 Active 336 Sagamore StreetManchester, New Hampshire  03104    ()   (7) L$277,777                                 Rooms:        8  Bedrooms: 3  Bathrooms 1 1/2        Year Built:        1970 ,        Tax Year:        2009 ,        Lot Acre:        .21 ,        Total Fin SqFt:        2,060        DETAILS:           No        # of Stories:        2  ,        Style:        Raised Ranch , Split Entry                                                             Public Rems:        House was completely redone within the last year. Newly refinsihed hardwood floors throughout. Family Room with Fireplace. New roof, deck, fenced in rear...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
IF YOU ARE LOOKING FOR A HOME IN THE DESIRED SOUTH END OF MANCHESTER NH, THIS ONE MAY BE FOR YOU.... Residential4004906 Active 53 Gordon StreetManchester, New Hampshire  03109    ()   (2) L$168,900                   Zoning:        res        Rooms:        5 , Bedrooms:        3,                  Total Baths:        1 , Total Fin SqFt:        864                      Year Built:        1947        :                Full:        1        Taxes TBD:        No        3/4 Baths:        0        Tax Year:        2009        1/2 Baths:        Lot Acre:        .19        Lot SqFt:        8,276 ,                 Taxes$ 3,168.00DETAILS:           Apx Fin Above Grd:        864 ,                 Style:        Ranch                                                    Public Rems:        OPPORTUNITY A...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
I know you Realtors know these, however this could be good to print and give to your clients Real Estate Glossary    Acceptance:  the date when both parties, seller and buyer, have agreed to and completed signing and/or initialing the contract.   Adjustable Rate Mortgage:  a mortgage that permits the lender to adjust the mortgage's interest rate periodically on the basis of changes in a specified index. Interest rates may move up or down, as market conditions change.   Amortized Loan:  a loan that is paid in equal installments during its term.   Appraisal:  an estimate of real estate value, usually issued to standards of FHA, VA and FHMA.  Recent comparable sales in the neighborhood is the most important factor in determining value   Appreciation:  an increase in the value of a property...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
Ten Signs It's Time to Sell Your Home   •1.      The kids have all graduated from college.  You and your husband finally have time to yourselves...then they move back home! •2.      You have three spare rooms in a four bedroom house. •3.      You have to shuffle your cars each morning to leave for work. •4.      You spend more time driving to work than you do with your family. •5.      You spend more money each month for storage than you do for your mortgage. •6.      Your neighbor found a loophole in the homeowner's association rules and is raising donkeys. •7.      You keep hearing faint voices telling you to "get out" and they're getting louder. •8.      Grandpa Jed just struck oil while hunting in your back yard. •9.      The dog's house doubles as a guest room. •10.  You have to t...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
Renting vs. Owning   Although some renters believe that renting is "maintenance free," they are actually paying for maintenance in their rent - whether they need it or not.  Renting offers you no equity, no tax benefit, and no protection against regular rent increases.  If you're paying rent, you're really just paying someone else's mortgage.  Let's compare.*   Rent          vs.            Own Monthly Payment $1,000 Monthly Payment $   855 Insurance $     30 Insurance $     50 Taxes $       0 Taxes $   260     MIP Insurance $     45 Total Payment $1,030                                      Total Payment $1,210         Savings Interest Deduction $       0 Interest Deduction $ 175 Tax Deduction $       0 Tax Deduction $   75     After Tax   Net Monthly Payment $1,030                      ...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
If you have been throught the home buying process, then you are most likely familiar with this, howver this is good for the first time home buyer. Keep in mind the money that you will need up front and what you should have set aside before looking for a home. When you are looking for a property to purchase, expect to come up with earnest money (Deposit) when submitting an offer on the house that you want. It's pretty standard or  customary to sign a purchase and sale agreement and include a deposit of earnest money to show good faith that you are going to comply with your agreement to buy the property if the offer is accepted. This shows that you are serious about purchasing the property and the larger the amount, the more serious you look. Keep in mind, the depsosit money will be held ...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
First off, I am not an accountant or tax advisor and these are just a few things that you can look into and talk to your accountant or tax advisore about. If you're a homeowner, it's always a good idea to make sure you haven't missed any tax deductions. You may not be able to take all of these deductions, so please check with your tax advisor.Mortgage InterestDid you know that mortgage interest is tax-deductible?  You're allowed to deduct the interest on a loan secured by your first or second home. You may be somewhat limited if all mortgages on your home total either more than the fair market value of your home, or more than $1 million ($500,000 if you're married and filing separately from your spouse); or if your home equity loans total more than $100,000 ($50,000 if you're married an...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
Many first time home buyers would have no problem paying mortgage payments, and could keep up the maintenance and taxes on a home.  The biggest problem facing them is having enough money to make a down payment.  There are governmental agencies and organizations that are aware of this, and are willing to help in time of need.  This article will discuss these organizations and how they can benefit the first time home buyer. Some background information is called for here.  Down payment assistance programs are a way for home buyers to be able to get into their prospective home without a large down payment.  The seller of the home will assist the buyer with closing costs through giving a portion of their proceeds from the sale to the buyer at closing time. Because the seller is not allowed t...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
Moving is such an exciting time as you look forward to acquainting yourself with your new home. But along with the excitement comes the long list of things to do. You need to get boxes, pack items, decide if you need help, clean the house, etc. The list goes on and on until you feel overwhelmed.There are many steps that can help make the moving process happen seamlessly. One way to eliminate stress is to hire a moving company. Moving companies provide a variety of services and can save you a lot of time and frustration. Here are some pre-move steps to consider:Inventory: Go from room to room in your home and make a list of all the things that you will be moving. Taking an inventory of your processions will help you stay organized. This will also help when you're ready to get a quote fro...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
Don't let the slow market get you down. Whether you're a home seller looking for offers, or a homebuyer facing stricter loan requirements, rev up your real estate potential with these helpful pointers from FrontDoor.com. FOR SELLERS: Give your house a makeover that adds value and keeps it up with the Joneses'. That doesn't mean you should run out and install Italian marble. But if hardwood floors are the norm in your neighborhood, replace the carpet. 10 ways to increase the value of your home Use the secrets of staging experts, or hire one. Staging can be as easy as a fresh coat of paint, new cabinet hardware and strategically-placed lighting. Think of it as a creative, inexpensive facelift for your home.How to dress your house for sale success Find out what's wrong with the house and g...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the most unfortanate parts of this economy is tenants who are paying their rent and their landlords are not using the money to pay the mortgage on the property. The property then goes into foreclosure and soon after the tenants are served with eviction notices.As a tenant you do have some rights, Each state as individual laws regarding tenant law and you should always check those laws for your rights. However in most cases the bank will seek to evict you eventually after the foreclosure. Now this will also be the same type of procedure with owner occupied homes that have been foreclosed. The oocupants are usually offered and if not, should also ask for cash for keys or a relocation agreement to assist you with moving out of the house.The bank then usually has their agent or manag...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the biggest myths in foreclosures is "getting a deal on a preforeclosure". Let me tell you why, most houses are not even for sale, most home owners owe more than the house is worth in todays market and unfortanately if in a preforeclsoure situation, there is not enough time for them to complete a short sale. One of the most important things when buying a home is to have a willing seller, with most preforeclsoures, the homeowners are being forced from their homes, they have tried everything to save their home to no avail or have all but given up. Knocking on the door of one of these homes with a home owner in this situation is not always pleasant, They are not going to invest their time, what resources they have left or their emotions for someone else to get a deal on their home. ...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the most common questions i have been asked recently is, "this is my credit score, can i get a mortgage?"The first thing any buyer needs to do when they start thinking they want to buy a home, is to contact a local and trusted mortage broker, bank or credit union.STAY AWAY from the internet lenders. You really want to be able to put a face to a voice and have a local source to be able to get information and drop off any paperwork or financials.A good local loan officer will pre-qualify you at no cost. They will look at your credit score but more importantly your whole financial picture. This includes your credit report, current income, debt and employment history.The will let you know what programs you may quailify for and what the down payment and closing costs for each are so y...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the most common statements i get is just that. "I need to sell my house" and is usually followed by what am i doing wrong or why hasnt it sold when this house sold and its not as nice as mine... i could go on and on...The most common response is for an agent to say "Drop the price". Ther first problem is you can drop you price but do you know what the makret value of your house is in todays market.? You first need your agent to complete (or get an agent to complete) a new broker price opinion to see what that value is in todays market. You then need to adjust your price accordingly. If you price started way to high, these little reductions still have not brought you where you need to be. The next most common problem is lack of attention; (either by the agent or by the seller)The ...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Now that the tax credit is over, i was wondering if other agents not only here in NH but thoughout the country, i was wondering what you have seen for market conditions.I have seen a change in overall calls, the young buyers have seemed to dried up. They either already put everything under agreement or have withdrawn from the market waiting to see what will happen now that they missed the 8k.Where there was definately a shortage of clean listings priced at or below market value in March and April, Listings seem to be increasing at a faster pace then new buyers since the rebate ended. I have seen a huge increase in investors. They were getting outbid as buyers were paying what they consider retail. They are back and making offers on everything, and grabbing up the homes that need to much...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the most asked questions and most common call soliciting my business is from people who want to get into the foreclosure business., Either cleaning them, maintainging them, lawn care, snow removal, emergency services and changing the locks.There is nothing worst than an unprepared person coming into my office looking for work. I wanted to write this to gove not only people in NH but throughout the USA tips of what banks and what agents look for when looking for people to complete work.________________________The first step is to make sure your business is registered and you have obtained liability insurance. (most broker will not hire individuals, only real businesses)You should then look up to see who the leading agents are that handle bank owned homes in your area. Then go see ...
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By Jim Miller, Realtor, Southern NH Real Estate
(Bean Group)
Manchester NH Adult Community Homes and Condominiums The southern New Hampshire city of Manchester has several options for adult living communities. These communities include Lakeside, Ledgewood, Regency Condominiums at River's Edge, Regency North and Summit Place at Southridge. Click on the placemarks in the map below for more information on each community. View Manchester NH Adult Community Homes in a larger map Jim Miller is a Manchester NH Realtor with Coldwell Banker and provides buyer and sellers with professional real estate services. Jim is a licensed real estate agent in New Hampshire and Massachusetts. Realtor Manchester NH 03102, 03103, 03104, 03109 Manchester NH Real Estate Market Report. Active adult communities in Manchester New Hampshire are also known as age targeted, ac...
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By Bill Burke, Associate Broker/REALTOR® Licensed in NH & MA
(BurkeLord Real Estate Powered By Keller Williams Metropolitan)
Brand Yourself   Branding yourself is one of the most important marketing tricks on the books. Make you stand out and set yourself apart from all the others. Branding yourself is the key to being different. It is important with any business, however in Real Estate, being an Independent Contractor in a field with extensive competition, you need to stand out. Create a Personal Brand that tells customers how you're different from your competition and build your relationships with them daily. Branding yourself can actually have such a dramatic effect that you will become hunted rather than being the hunter. Eventually you will have leads coming to you, rather than you trying to find them. Branding yourself is one of the keys to being a successful REALTOR?. Each Flyer will give you the optio...
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