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Rochester : Real Estate Advice

  • All31
  • Local Info3
  • Home Buying16
  • Home Selling1
  • Market Conditions0

Activity 29
Sat Nov 26, 2016
kristine goodrow answered:
I'm glad I am not the only one who doesn't get a return e-mail or phone call I think that is unexceptable and terrible business ethics, they should always have a return number or else I dont' bother anymore. ... more
0 votes 7 answers Share Flag
Wed Sep 14, 2016
Blonderoper asked:
Mon Jul 4, 2016
Ktocool answered:
Sounds Like you are a real Knit picker. Do you want them to pay for any light bulbs that were out as well? Glad I dont live next to you !
0 votes 6 answers Share Flag
Thu Feb 11, 2016
Sally Grenier answered:
Are you on the loan, or just the deed? If you're on the loan, that will be a problem. You really need to talk to a lender to see what you qualify for.
0 votes 2 answers Share Flag
Thu Mar 5, 2015
Gerald Vonberger answered:
They might have increased the value of the property since they bought it, so they're ready to sell it to make a profit. It could also be that they weren't able to manage it effectively. You should obviously look at financial statements to see what the returns would be like coming from the property. You might also consider hiring some sort of management company to take care of the day-to-day. ... more
0 votes 2 answers Share Flag
Sun Aug 10, 2014
jclough_303 answered:
Thanks everyone for your input.

The plot thickens.....

The problem realtor is the listing broker and also the only member of their agency.

So, am I just stuck with it?

Should I offer to add some cash to level the field?

Should I contact the VA?

This has happened before...submitted a cash offer for a property through my agent, who was told It was "too late to submit the offer today. It'll just get kicked out of the system"...only to find a lower non cash offer from her client was accepted the following morning.

I understand the need to make a living, but am I the only one who takes ethics into consideration?
... more
0 votes 3 answers Share Flag
Sat Oct 26, 2013
Cindi answered:
the licensing board for Realtor in the state the property is located and where the Realtor has his license
0 votes 6 answers Share Flag
Thu Jun 13, 2013
Sarah O'Brien answered:
In my experience, The banks have allowed seller concessions for closing costs and pre-paids in a short sale situation. Although, it is done on a case by case basis and depends which bank you are dealing with along with the short sale negotiator. I would definitely ask for the closing costs and pre-paids and see where it takes you! ... more
0 votes 6 answers Share Flag
Thu Jun 13, 2013
Sarah O'Brien answered:
A lot goes into figuring costs of electic heat. PSNH(800.662.7764) can give you an idea of what the past usage has been. They will also allow you to do budget billing, although you have to usually have a year of usage. then they take the total of what you have been using and break it up into manageable monthly payments. I know this development very well and have listed and sold in this development recently! Please feel free to call/email with any questions you may have! 603.948.3405! ... more
0 votes 4 answers Share Flag
Mon Apr 22, 2013
James York answered:
As a former resident and EMT I can say that in emergency situations Rochester is a tad different than other towns since the EMS department is part of the Hospital. I frequented both Frisbee (Rochester) and Wentworth (Dover) as an EMT in a neighboring town. The Paramedics and nurses at Frisbee are very good so in a way you get pretty good care from start to finish if you are in Rochester. Every hospital has bad eggs but I have had good experiences all around. ... more
0 votes 5 answers Share Flag
Mon Mar 18, 2013
Kira answered:
i have a friend that lives up there very peaceful an usually really low on crime u have the loud teenagers every once in a while but as you will with any community.
0 votes 4 answers Share Flag
Tue Feb 5, 2013
Katie Brown Realtor answered:
Hello Donna,

I am a Realtor in the area and would be happy to review all of your options with you. Please feel free to email me and we can discuss exactly what you're looking for and I can email you over what is currently available.

Have a wonderful day-

Thank you!
Katie Brown
... more
0 votes 5 answers Share Flag
Mon Jan 14, 2013
Suzie Mills answered:
Linda, I think you will see all us agents feel this is the perfect time to buy with the affordability of homes in Rochester and low interest rates. I would like to invite you to a Homebuyer Seminar on 1/19 at Lowes in Epping where a lender, insurance agent and real estate agent will be presenting on the home buying process. It is only 1 hour, 9-10 AM, so as not to occupy too much of a precious Saturday morning. There will be a door prize of a Lowes gift certificate. Limited seating, so please let me know and I will register you. ... more
0 votes 4 answers Share Flag
Sat Jan 12, 2013
Tim Fontneau answered:
We are very optimistic that the new busnesses coming to Rochester will have a positive impact on home sales and values in the near future. They will also help to keep property taxes lower on residential customers by increasing the commercial and industrial tax base in the city. It is all good news for Rochester and we are ready for some good news! ... more
0 votes 2 answers Share Flag
Tue Jul 17, 2012
BostonAccent30 asked:
why is the 2 car detached garage considered a rental opportunity?
why isn't the house listed with the L as a mother in law suite? the virtual tour is of an auto repair
shop instead…
1 vote 0 Answers Share Flag
Sat Jul 7, 2012
Bill Cook answered:
Sorry to hear about your experience Sheila.

As an investor, my experiece has been that many of Realtors seem to be no better than used car salesmen. All of them have taken the a licensing course which is admittedly a pretty solid course. Most offices require membership as a "Realtor" which is largely an ethics course, but I often wonder how many of them have the fortitude to put ethics over income.

There are however honest repectable agents out there.

Listen to a wise old man....

When buying:

Take everything a sellers agent tells you with a grain of salt as the many of them will do whatever it takes to maximize thier commission...often without regard as to how thier actions may affect the
buyer or the seller.

Don't "show all your cards". I've had seller agent tell me both what other offers were and how low a seller was willing to go.

If it doesn't seem right it probably isn't. Ask for clarification and/or get it in writing

Don't sign anything you're not comfortable with..

Don't be afraid to put short deadlines on your contracts. Most sellers understand that you need to buy a house and that you can't have your money tied up for weeks. Keep in mind that the nice sellers agent will be searching for someone else to submit an offer and hopefully drive up the price and thier commission.

When the sellers agent try to push you for a decision because "someone else has put in an offer" keep in mind that this is a classic closing tactic. Ask some pointed questions and judge the response. In this market people aren't exactly standing in line to buy a house.,

Always always always have your own buyers agent. Make sure your buyer agent is savvy to the tricks listing agents will use like telling them " not to put the offer in tonight because you'll just get kicked out". Remember listing agents make more money when they don't have to split the commission with another office.

Try to find a buyers agent that likes the challenge more than the money. They'll look in places other than the local MLS. Tell them you'll pay a comission if they fine an appropriate private sale or bank owned property. The comission can be lumped into the selling price.

When Selling:

Remember you don't have to be nice. The squeaky wheel gets the grease.

Your comission speaks very loudly.

Make sure your agent will be present at all the showings and inspections. If yours is reluctant, find another agent. Your agent is working for YOU. You're paying them a very fat comission to find you a "ready willing and able" buyer at a fair price. Your agent should be at your house SELLING your propery whenver a potential buyer is there. Selling is more than signing the dislcosures and putting the property listing up on a couple of listing sites.

Don't sign anything you're not comfortable with.

Ask for references

Ask the references questions about what kind of problems were encoutered during the transaction.

Ask for regular status updates. Ask who and when.

Get the brokers name and number.

Hope this helps.
... more
0 votes 2 answers Share Flag
Tue May 22, 2012
Helen Constantine answered:
Vickie, thank you for your interest. This home is located in a mobile home park and has a monthly lot rent of $395.00. Best regards, Helen
0 votes 3 answers Share Flag
Tue Mar 27, 2012
Scott Godzyk answered:
Some negative information can remain for 7 to 10 years. With tax liens I have seen it remains for 7 years from the date it was paid. You can dispute it with each credit bureaus. If it is not showing as paid you should contact the town. ... more
0 votes 2 answers Share Flag
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