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Home Buying in Hampton : Real Estate Advice

  • All32
  • Local Info3
  • Home Buying10
  • Home Selling1
  • Market Conditions5

Activity 15
Sun Oct 23, 2016
Carlossoto30 asked:
Have enough for renos but since this is our first time we wanna make sure we get the full 200k from the bank for the house and renos. Any thoughts?
0 votes 0 Answers Share Flag
Tue Oct 29, 2013
Eric Hall answered:
Francine, I think Suzanne has hit it on the head. I am licensed in NH and do business all over Southern NH. Please don't hesitate to contact me if you would like to talk more. I deal with Short Sales on a daily basis, and have a ton of experience with bank-owned (REO) properties as well. I also know a lot of people who frequent foreclosure sales (auctions), so I am well versed with that as well. Email me at, or call my cell anytime at 603-703-6022. ... more
0 votes 4 answers Share Flag
Thu Oct 10, 2013
Dane Hahn answered:
Hi Gerry,

There are a few fees and expenses you can't dodge. Think taxes, clolsing costs and of course park fees. Because you are renting the land under the unit at Hemlock Haven, the owner will be charging you rent plus what amounts to a condo fee--and will doubtless include snow removal frfom the private roads, and a few amenities. I was a broker in NH for about 25 years and while I personally never sold a unit in HH, I have friends who lived there. So youwill pay cash, but you will not get away from a monthly living expense. Welcome to life in the two thousand and teens, where the dollar is not as valuable as it used to be... ... more
1 vote 2 answers Share Flag
Sun Sep 15, 2013
Jonathan Robert answered:
That is a good question feel free to call me anytime. I am here to answer all the the questions I can.

Thank you,

0 votes 4 answers Share Flag
Thu Nov 1, 2012
Chuck Braxton answered:
Hi, Larry:

I will be out in CO this winter doing my usual three weeks of skiing in Jan and Feb.

Great question. I made a dozen calls to agents a year or so ago asking the same question.

Except for one agent in Manchester, NH who continues to have a great conversation with himself with lots of spelling errors and more puff pieces than content, here is what I learned. NOT WORTH IT.

I continue to weigh in on questions raised in my area and although I can tell you that no business has resulted from the effort, I feel that I am giving back and adding a valuable viewpoint to a lot of the "pick me" contributions. I am starting to wonder whether the questions are legit. As Tom Cruise said, "Show me the money!" I just like giving consumers real content compared to some of the other blah, blah or non-local responses that I see go by.

I happen to do a lot with land and have been fairly happy with Pro (all my listings, not just land). I have not looked at the pro/con of this site, but it generates a fair amount of traffic.

Here is what my office colleagues (fifty or so) and I think of Trulia. There are continually errors in the listing feeds, big errors. This cannot be our MLS system. Who has time to correct one's listings and check that over and over? When you complain, the first response is, "Sign up for Trulia Pro" Excuse me, but you are messing up my listings and adding to my wasted time while expecting me to jump on board. Thanx for the 'help." Trulia has to deliver a first class platform at the non subscriber level if they expect to attract premium subscribers.

Hey Trulia and Larry, give me a call if you want to chat. Chuck 603/677-2154
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0 votes 1 answer Share Flag
Thu May 10, 2012
Common Sense answered:
Taking a loan for "tax advantage" is a hugely false savings. Let's do the math.

Only the interest paid is deductible, and only if you file using itemized expenses.

Let's say you pay $5,000 in interest expense for the whole year, and let's assume it's all deductible (which, depending on your situation, it may or may NOT be - check with your accountant). You get to deduct as an itemized deduction that $5,000 in interest expense. Assuming it drops dollar-for-dollar to reduce your taxable income (and it might not - again, check with your accountant) you'll save taxes at the marginal rate you pay. If you're in the highest federal tax bracket which for 2012 is 35%, your actual dollar tax savings would be $5,000 x 35% = $1,750. Nice tax savings, right?

WRONG. You paid a bank $5,000 for the "privilege" of "saving" $1,750 on your taxes. Maybe you like the bank a whole lot better than the government (it's kind of hard to like either one, in my view), but it COST you $3,250 in real money. And if you're in a lower tax bracket, the "Cost" is even higher, perhaps much higher.

Why would you do something that's going to cost you (at best) almost 2 times the savings just to reduce your tax bill? I like to pay the smallest legal amount of taxes too, but paying interest when you do not have to makes zero financial sense.
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0 votes 13 answers Share Flag
Sat Apr 28, 2012
strandhaus answered:
Glen Hill is a great family neighborhood, and great location
0 votes 2 answers Share Flag
Fri Mar 9, 2012
Bob Holder answered:

All good answers, and I agree, you must have a professional negotiating this for you. The BPO can certainly be challenged with current comps and an experienced negotiator should be able to improve the situation.

Good Luck
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0 votes 8 answers Share Flag
Fri Mar 9, 2012
Bob Holder answered:
1st Time Buyer,

You are 100% correct, you don't want to tell the seller that you can pay more when you don't intend to. We always have the pre-approval letter written to agree with the purchase price offered. Many times you end up getting more than one letter, depending on the negotiations go.

Good Luck!
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0 votes 17 answers Share Flag
Sun Sep 4, 2011
Marty Patrizi answered:
The best time is when you are ready to pull the trigger. Maybe the question should be "Is now a good time to buy in Hampton?". As a Realtor who is involved in giving my clients the knowledge to make the most informed decisions, I am constantly researching the market data in as many towns as I can. My recent studies in Hampton have shown me that in the last four years Hampton and much of Rockingham County has not suffered the financially distressed home sales that Strafford, Merrimack, and Hillsborough Counties have seen. Therefore, Hampton has not seen dramatic price fluctuations and just the general nature of the seacoast properties holding their value well has supported Hampton. That being said the median home price in Hampton is at $275,000 today meaning that half of the sales are at prices below this and half of the sales prices are above. The average sales price is $302,331 in the last six months. Interest rates are as low as they will go, there are currently 280 homes and condos for sale, and values tend to hold steady. Is now a good time to buy in Hampton? You bet! ... more
0 votes 3 answers Share Flag
Mon Oct 11, 2010
Annette Levinson answered:
A large down payment is considered a compensatory factor for a mortgage. How low is your FICO and have you had a mortgage officer go over your credit to tell you what you need to do to get it up. That is one service I provide free of charge. Let me know if you need help. ... more
0 votes 6 answers Share Flag
Mon Jun 7, 2010
Short Sale Mitigation, LLC answered:
Foreclosures and short sales sell well below assessed value. Actually there are MANY homes selling below assessed value, that aren't in the distressed category in this market. Keep in mind you can transfer property to a relative for $5 if you want to. You can't always go by assessed value. You have to see the home, know the neighborhood, assess for flaws, etc.

Good luck.
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0 votes 4 answers Share Flag
Fri Mar 26, 2010
Val Cloutier answered:
Good Morning Brian.
The house at 33 Norton Road didn't sell, but is no longer available for purchase. Somebody just wrote a 12-month lease on the property.

If you're looking for recent sales data, the assessor's database can be quite out of date (sometimes 30 days +). If you're working with a Buyer's Agent, they can easily provide you with sales data for any property sold through MLS. ... more
0 votes 2 answers Share Flag
Sun Feb 21, 2010
Tom McGuirk answered:
With the sparce sales in Beach Properties in Hampton, determining value may require correlating your property and its assessment with other SOLD properties and their assessments.

Pay NO attention to List Price to properties that remain on the market unsold for an inordinate amount of time. I am not recommending that the town's assessments are infallible but they do provide a good jumping off point when recent sales are unavailable.

Trust REALTORS who specialize in your particular neighborhood -- especially with regard to Beach properties. It is not unreasonable to claim that neighboring properties may have variance in value due to their proximity to the sand and ocean.


Tom McGuirk, Broker, Weichert REALTORS, Points East Yankee Trader
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0 votes 5 answers Share Flag
Sat Nov 22, 2008
Scott Godzyk answered:
Irene when you looking for a property no matter where it is, especially if it is a condominium. i would look to see what they are selling for now. by looking to see what has sold and what is on the market and adjusting for condition, upgrades or any needed repairs you can come up with what today's market value is. Then use that price toguide what you would like to offer.

Assessed values, especially when the reassessment has just been completed like the one in Hampton, is a great way to obtain "value' if there have been no recent sales and there are no other units in the condo association for sale.
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Home Buying in Hampton Zip Codes