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Rent vs Buy in New Hampshire : Real Estate Advice

  • All141
  • Local Info11
  • Home Buying86
  • Home Selling10
  • Market Conditions4

Activity 7
Mon Feb 18, 2013
Andrew Alajajian answered:
Hello, I will do a search for you and see what I come up with. Are you working with a realtor? If not, I'd be happy to assist in you in a rent-own in Merrimack. I work primarily in Hillsborough and Chesire Counties. I am very familiar with Merrimack.

Andrew T. Alajajian
REALTOR®
RE/MAX Town Square
586 Turnpike Road, New Ipswich, NH 03071
Mobile: (603) 689-4685
Office: (603) 878-3242
Fax: (603) 878-4294
www.townsquarenh.com
... more
0 votes 2 answers Share Flag
Wed Feb 22, 2012
Scott Godzyk answered:
Andrea please email me direct what price range you are looking in for monthly rent and a sales price. I can take a look and email you some listing sheets if available.
0 votes 3 answers Share Flag
Tue May 24, 2011
Laura Scaccia answered:
Hi, Jenn,

There are programs still available - I worked with buyers who got a $4000 grant from the state -- so please call me so we can discuss. I look forward to helping you with your search!

Thank you,
Laura Scaccia
Better Homes & Gardens - The Masiello Group
603-957-0609
laurascaccia@masiello.com
... more
0 votes 4 answers Share Flag
Wed Jan 13, 2010
Scott Godzyk answered:
Melanie especially if you are not going to be here, you will want an agent to assist you in managing your home, looking after your interests and setting up a lease and purchase and sales agreement for the lease purchase. Before you sign a lease or purchase and sales, you want to make sure teh tenant is prequailified to even be able to purchase in this price range, then you need to know how much time they will need to be able to get a loan and what steps are needed so they quailify. If they dont quailify for that price now, chances are they wont be able to in a year either. First thing is you need to set up the lease in your best interest, it will need to outline what you are responsible for, what the person renting is responsible for, length of teh lease and what happens if your tenant defaults. Just as important is setting up a purchase and sales agreement in your best interests. Just as important the lease will need to outline the time limits to purchase, when they have to let you know, what happens if they do not purchase and what will take place if they do purchase. It will be written much like a standard purchase agreement however it must include details of the lease eoption, how much if any of the rent you will credit the buyer if they do close. This will state the price and lock in the terms for you. You really need an agent or attorney to asisst you with doing this right, the repercussions of doing it worng could be disasterous especially if you are out of state. If you need assistance with all of these steps i would be more than happy to assist you, just simply email me direct or call me at 661-2121 and i can go over the details. Whatever you decide, i wish you good luck with your move. ... more
0 votes 1 answer Share Flag
Thu Nov 11, 2010
Dane Hahn answered:
Hi Sarah, I have answered a number of variations of this same question, most are on file in my website. Your best bet is to hire a buyer agent to look for these "rent to own" homes for you.

Are you thinking that a seller would change his mind and decide not to sell but rather to rent to you, and then apply some portion of the rent you pay each month to the ultimate sale price? Houses generally are not sold this way, so you would need a "special" seller.

Generally when this concept is put in place, the property in question is a television or other appliance from a store that specializes in rent to own. You would need to determine with the seller how much of each months payment would go toward the ultimate purchase and when you would have to buy the property for real--in advance of getting into this type of contract. And it needs to be a contract to protect YOU.

Also be aware that in this crazy real estate market, landlords who are having financial difficulties may consider getting into this exact deal with you, and then stop paying the mortgage, so you'd pay the landlord but your deal would come apart and in 90 to 180 days when the bank foreclosed on the landlord, and soon thereafter the bank would evict you. Not a good solution to your happy request.

But work with your agent--see what you can find--just be careful.

Good Luck,

Dane Hahn
Broker
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0 votes 3 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
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Tue Feb 9, 2016
Ken Lambert answered:
Hi Joan- Yes, there are some RTO's in NH. I'd need a little more info than that. Are you looking for yourself? A single family I assume? What area of the State?
Some are not advertised on MLS.

I'm a mortgage officer and also a RE investor locally. If I can help, please give me a call.
Good luck and thank you,

Ken L.
... more
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