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03109 : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 62
Fri Aug 27, 2010
Ron Rovtar answered:
Hi Nh Buyer:

I think this would vary widely depending on many factors that have nothing to do with the size of the subdivision. Factors like uses of the surrounding land; proximity to workplaces, recreation and shopping; land values; socioeconomic factors; public transportation; and the size and quality of surrounding homes would all play a part in determining the value of the subject home.

Best,
Ron
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0 votes 1 answer Share Flag
Thu Jan 27, 2011
Christopher Lefebvre answered:
There are 189 condos listed on the NH MLS in Manchester right now under $200k. If you are interested in considering purchasing one feel free to contact me and I would be happy to prepare a free CMA report for you so you can know what other similar condos have recently sold for in the same area. There is certainly a lot of supply right now and prices are related to supply and demand.

Unfortunately, it is impossible for any Realtor to predict the future value of a certain piece of property accurately because there are too many factors involved such as economic conditions, area market demands, local and national policies (laws/taxes), etc. It would be pure speculation.

Contact me through my profile if there is anything I can do to help you out.

Thank you,

Chris Lefebvre
Realtor
eXp Realty
teamlefebvre.net
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0 votes 2 answers Share Flag
Mon Jul 5, 2010
Christopher Lefebvre answered:
I recommend that you contact an attorney about this matter. Also, just an idea, but could you talk with your tenants and ask them to only deal directly with you from now on or a new management company if you choose to hire another one? ... more
0 votes 3 answers Share Flag
Mon Jul 5, 2010
Ken Lambert answered:
Hi Scott- I get people that ask me this all the time. Its a tough one, as you know. Would be nice if there was a central portal for this kind of listing information. Doesn't seem to many listing RE agents want to deal with them though...

Good luck,
Ken
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0 votes 3 answers Share Flag
Sun Jun 27, 2010
Lee Johansen answered:
Hi,

I think as a rule of thumb, any cap rate over 10 is very good. The lower the cap rate, the better the building should be, meaning less risk... less return. I've created a cap rate spread sheet that I would be happy to send you for your reference...

Thanks, Lee


______________________________________
Lee P. Johansen
Keller Williams Realty Metropolitan
2 Bedford Farms Dr., Bedford, NH 03110
Cell: 603-315-0739
Fax: 603-628-2246
Office: 603-232-8282
E-Mail: Lee@LeeJohansen.com
http://LeeJohansen.com/
http://leejohan.yourkwagent.com/
Licensed in New Hampshire
______________________________________

OH BY THE WAY
I'm never too busy
for your referrals
______________________________________
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0 votes 2 answers Share Flag
Wed May 5, 2010
Carl Johnson answered:
Your best bet is to call an attorney for advice.

It sounds like he is a "tenant at will". There is no lease so basically he is there on a month t month basis.

The best bet is to give him notice to leave in writing. Give a reasonable time frame. IF he does not go you may have to evict. This would involve the owners of the property. Which would be your parents. I would advise AGAINST doing things to make life difficult for him as there can be severe consequences. So do not have cable turned off or electricity etc. (Sometimes people resort to this when they want to avoid confrontation) Again, do not do that.

It is worth spending 15 minutes with an attorney so that you fully understand your rights and more importantly your parents rights.

Dealing with friends and family is very difficult. Best of luck to you in this.
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0 votes 7 answers Share Flag
Mon Mar 15, 2010
Scott Godzyk answered:
Good Eveneing Bridget,

You first need to check teh zoning of the neighborhood to see if a two family is an allowable residence in the area. If so then it is getting your estimates and permits. If it is not allowed then you would need to attempt to get a variance in order to convert it to a single family. As far as rentals, the north end of Manchester is one of the best and most desired area for rentals. Please feel free to contact me if you have any questions or need any assistance in searching for or looking at properties that may suit your needs. I may have a property that suits your needs that is not yet on the market, it is a split level home with an inlaw in teh lower level, locate din teh north end, completely redone and will be priced between 300 and 325k, i am not sur eif that is too high though. either way i wish you luck in your search. ... more
0 votes 4 answers Share Flag
Sun Mar 14, 2010
Marita Topmiller answered:
Hi Lola,

I like home warranties! I have had many buyers who used their home
warranties that first year. More than several of them have renewed the
warranties at their own expense.

Now, they don't cover everything. But off the top of my head I remember my buyers getting new water
heaters, furnace blowers, air conditioners and more. Any one of the aforementioned items is an
expense they did not have to come out of pocket more than the $50 or $75 charge for.

I recommend them. But be sure to call the warranty company first when anything goes wrong.

Best of Luck,

Marita
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0 votes 11 answers Share Flag
Mon Nov 15, 2010
Laura Scaccia answered:
Hi, Polly,

There are several programs that could help you. First - DON'T use an on-line lender! Second - contact a reputable mortgage broker. Depending what towns you are looking in, you could qualify for Rural Housing or NH Housing.

If you need a few names and numbers, please let me know and I'll them right over to you!

I look forward to helping you,

Laura Scaccia
REALTOR
laurascaccia@masiello.com
603-418-3026 - direct
www.masiello.com
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0 votes 33 answers Share Flag
Tue Mar 30, 2010
Ken Lambert answered:
Hi Bebe- I'm a bit confused with this question. I'm a mortgage broker and in the real estate investment world- so I'm sure I could help out if I had some more details or clarification. Feel free to call or email me anytime.

Thanks, and good luck,

Ken L.
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0 votes 2 answers Share Flag
Thu Mar 11, 2010
Patrick Thies answered:
Does the market in that area support an offer of half the list price? Are other homes of similar size, condition, location and amenities selling at half the list price? If so then you can justify the offer. If not, start looking for another place. ... more
0 votes 7 answers Share Flag
Fri Aug 17, 2012
Joshstewart answered:
Wed Jan 27, 2010
Bill Eckler answered:
Nhnewbie,

It's for real................as a matter of fact, many people would regard 90 days as "rocket speed" with this type of transaction.

Seriously, if you are fortunate enough to be involved in a "short sale" in which the sellers have been responsible by taking care of things in advance, it could be shortened greatly....have they been working with the bank for a while, have they taken care of necessary paperwork properly, have the filed their letter of hardship, has the bank assigned a mitigator, has the bank agreed on a sale price???

As a response to, "are short sales always a nightmare".........our reaction is, most of the time this is the case...let's hope you are going to be one of those exceptions.

Good luck
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0 votes 6 answers Share Flag
Fri May 29, 2009
Dale Doughty answered:
Generally, they can offer seller concessions to help offset the closing costs. The maximum they can contribute is 6% for a primary residence and 2% for an investment property. If you don't already have mortgage financing in place I would be happy to help you with this. ... more
0 votes 5 answers Share Flag
Tue Jun 2, 2009
Scott Godzyk answered:
Good Morning, If you would like to email me direct at sctprop@aol.com i can send you a list of current listings. Please include what you like, what you want, any specific must haves or things you do not like. Please include teh price range you are looking in as well. Thank you for your inquiry and i look forward to assisting you.

Scott Godzyk
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0 votes 2 answers Share Flag
Sat May 23, 2009
Scott Godzyk answered:
Are you looking for a condo for yourself or for a client. There are several nice condos here in Manchester on bus routes that may work for you. I would be happy to work with you if you like. just send me an email. ... more
0 votes 1 answer Share Flag
Sun Jul 14, 2013
No one answered:
If you have not closed on the home yet you can ask the seller to pay or back out of the contract. If you have closed and can prove that the seller knew about these problems you can sue the seller. If these problems were not disclosed and the seller did not list them on the seller disclosure sheet, that is fraud. I'm not sure about the chimney but the inspector should have caught the washer problem. You need to check with the state laws about inspector responsibilities, I don't believe you can go after the inspector for any compensation. I would hire a real estate attorney. I hope this helps! ... more
0 votes 7 answers Share Flag
Sun Aug 9, 2009
No one answered:
Copied from the website http://www.americasbestonline.net/retire.html. I also here that Nashua is a good town to retire I hope this helps! :)

2. Portsmouth, NH -
Portsmouth has a population of 23,000, This town sits near the mouth of the Piscataqua River, a short, wide river that divides New Hampshire and Maine. The city also is at the hub of a metropolitan region that includes several small cities and many towns. The city has stylish restaurants and a buzzing night life.Portsmouth has a repertory theater, concerts at the Music Hall, more than 100 eateries and continuing education classes at the University of New Hampshire. ... more
0 votes 5 answers Share Flag
Sat May 9, 2009
Jerome Duval answered:
BJ. The $8000. credit is NOT linked to whether you go FHA or conventional. However, if the purchase is with both you , as a co-owner/co-borrower, and you are NOT a first-time home owner, you/your daughter will NOT qualify for the credit.

Hope this makes sense ? Call me if you need more advice or I can refer you to a solid lender, as well.

Good luck. This should be an exciting time for you both. Jerome Duval, Jerome Duval & Assoc. Real Estate
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0 votes 9 answers Share Flag
Wed Mar 4, 2009
No $ Down answered:
Get rid of your "agent", wait a year and get the house 20-30% off.
0 votes 11 answers Share Flag
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