Posts in category 'Real Estate Tips'
15
Are You Ready To Buy A Home?
1. Line Up Financing
Once you've made a decision to buy a home, first and foremost you need to address your financial situation. Make an appointment wi...1
Frequently Asked Questions About Current Use
What is current use? This is one of the questions that we get almost daily. So have you ever wondered what current use is? I have a link here to the state's "A Laypersons Guide to Current Use." The very basic answer is this: It's a break on your taxes for open land that is not being used. Essentially, there is a tax lien on the property when the owners have not developed the land for use. Once the land is taken out of current use tax status there is a 10% one-time fee, of the "full and true value." Let's start with the why it was created. In the late 60s, the legislature was looking at ways to ensure that the beauty of our wonderful state was preserved and not over developed. One of the issues that faced some landowners were the taxes. And being able to afford the taxes so they did not need to break up the land to pay for taxes or reduce the tax burde...
7
The Ability to Customize—You Can When You Build!
For those who want a specific home, whether it's an incredible view of Mount Washington, a private cabin tucked away in the woods, or a great one-level home, building lets you have exactly what you want. Follow the lead of many of our buyers and take the alternative route of buying land and building your new home or vacation getaway cabin. Land parcels for sale in the White Mountain towns of Bethlehem, Carroll, Franconia, Littleton, Sugar Hill and Whitefield (all short driving distances from Bretton Woods and Cannon Mountain currently total about 150 properties, ranging in price from $15,000 for just over 2 acres in Bethlehem to $350,000 for lots at Bretton Woods. And more than half of the listings are on for less than $80,000....
20
What Does It Mean When a Seller Pays Closing Costs?
What does it really mean when the buyer asks a seller to pay closing costs?
Let's say that the buyer is putting in an offer on a $200,000 home and they are going to make a full-price offer and ask for the seller to contribute to the closing costs. A few things to consider is what is allowed with the loan product. Each loan is a bit different in what they allow. And this should be confirmed prior to submitting the offer with the loan officer.
But remember, that making a "full-price offer" and asking for closing cost is not a full-price offer. The reason for that is this—because the buyer is asking the seller to take a reduction in price so the buyer can finance their closing costs. This ends up meaning the seller really isn't paying the closing cost in the end. The buyer is paying their own closing costs by financin... 16
12 Ways to Power Up for the Spring Real Estate Season
Wintry weather may still linger in New Hampshire, but the calendar says that spring—and the spring real estate season—is fast approaching. We've pulled together some exclusive Peabody & Smith resources especially for homebuyers and sellers in the White Mountains and Lakes Region.
In Northern and Central New Hampshire, we specialize in helping you sell your home, purchase a new one, or find that special vacation home. Whether it's a waterfront home on Squam Lake or a ski home at Bretton Woods, we are ready to help you.