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Portsmouth : Real Estate Advice

  • All44
  • Local Info2
  • Home Buying22
  • Home Selling2
  • Market Conditions3

Activity 22
Mon Nov 11, 2013
Laura Scaccia answered:
Hi,

Overall, the Seacoast area has proven to be a good investment. Through the past few years, the Seacoast has had a lower unemployment rate than the rest of the state, NH is consistenly rated one of the best places to live and the area does have so much to offer!

The real estate market has been steady and we are now seeing prices rise a bit. Even during the worst, this area didn't get hit as hard as most.

For property taxes, each town has it's own rate. Here's the link to the state governments list:

http://www.revenue.nh.gov/munc_prop/property-tax-rates-related-data/2012/documents/2012TaxRateReport.pdf

For an overview, Seacoast area towns range from $14.13 in Greenland to $25.92 in Exeter per $1000 of assessed value - so there is quite a range and property tax is an important factor to consider.
Some of the area:
Brentwood $23.24 East Kingston $23.56 Exeter $25.92 Kensington $20.08
Hampton $17.77 Hampton Falls $19.98 Newfields $23.02 North Hampton $16.05
Portsmouth $17.55 Rye $11.22 Stratham $19.31 Greenland $14.13

For schools, try this site: http://www.greatschools.org/new-hampshire/. Best advice is to talk to parents you may know in the area.

As for properties, I would love to help you more! Please feel free to contact me at your convenience. I'll look forward to hearing from you.

Thank you,
Laura Scaccia
Better Homes & Gardens - The Masiell Group
Exeter, NH
603.957.0609
laurascaccia@masiello.com
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0 votes 13 answers Share Flag
Sun Feb 10, 2013
Pamela Bailey answered:
It's about 3/4 of a mile and will take approximately 16 mins. There are sidewalks, so it's a fairly easy walk.
Let me know when you will be in Portsmouth. I can schedule a tour of homes for you. Pam Bailey
603.770.0369
Pam.bailey@verani.com
Www.look4propertiesnh.com
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0 votes 3 answers Share Flag
Mon Mar 25, 2013
Steven Reddy answered:
If you are actually building the house from the start, that is very standard as it is being built to an agreed upon set of specifications and the plans. NH also uses the IRC building code and it will be inspected at several stages by the local inspector.

If the house is already up and just never been occupied than you could request an inspection although it is not usually done as it is new.
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0 votes 10 answers Share Flag
Sat Jul 21, 2012
Scott Godzyk answered:
Unfortanately the only one that can fix is the listing agent, most mistakes happen when automatic feeds take listings from the mls and transpose them into Trulia. Some fields do not match and show they are condos. Click on the profile of the listing agent and email them direct with your concern. ... more
0 votes 1 answer Share Flag
Sat Jul 21, 2012
Scott Godzyk answered:
Unfortanately the only one that can fix is the listing agent, most mistakes happen when automatic feeds take listings from the mls and transpose them into Trulia. Some fields do not match and show they are condos. Click on the profile of the listing agent and email them direct with your concern. ... more
0 votes 2 answers Share Flag
Thu Jul 19, 2012
Alison Hillman answered:
Hi Coco,

You have lots of great options:

http://www.trulia.com/voices/directory/Portsmouth-agent--30348

Good luck,

Ali, Community Manager
0 votes 2 answers Share Flag
Sun Jul 22, 2012
Tim Moore answered:
You did not link a house so we have no idea what house you were looking at.
0 votes 2 answers Share Flag
Thu Nov 14, 2013
Melani Taillon answered:
Hi Stephanie,

There are a variety of great homes available in your price range in Portsmouth. The area you should focus on really depends on what you are looking for.

Would you like to be close to Portsmouth's downtown with shopping, nightlife, and restaurants?
Are you looking for a historic home or newer construction?
Close to the Ocean?
Are the major traffic arteries important?

If you would like assistance in your home buying please give me a call. I would be happy to help you.

Melani Taillon
Better Homes and Gardens/The Masiello Group
603-397-2397
www.melanitaillon.masiello.com
melanitaillon@masiello.com
... more
0 votes 11 answers Share Flag
Sat Jul 18, 2015
Scott Godzyk answered:
Wed Apr 25, 2012
Suzanne MacDowell answered:
You are wasting your time. Banks REO managers or asset managers will not talk to individual agents or buyers. You would be better off trying to get in touch with the current owner and negotiate an offer for short sale. Otherwise you will have to wait for the Bank to list it with an REO Listing agent, if they in fact pursue that course. A lot of banks are considering bundling foreclosures and selling them to investors in bulk. In fact the government is encouraging this plan. If they do that you won't have a chance of purchasing the home as the investors will more than likely rehab the home and rent it out or resell it at a profit. Even if the bank does list it with an REO agent, it could be years before the home actually goes on the market. I have watched homes in my own neighborhood sit empty for two or three years and they are STILL not listed for sale. And on top of all that, if the home is not vacant, the homeowners may be trying to work out a mortgage modification which could delay the foreclosure auction indefinitely.

The best thing you could do for your clients at this point is to either try to contact the current owners and offer to purchase the home as a short sale, or advise them to consider other homes.
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0 votes 5 answers Share Flag
Fri Feb 15, 2013
Maria Gilda Racelis answered:
Hi Marty,

Your best route is to contact a local lender. There must be a program out there that can work for you.
Good Luck.

Maria
0 votes 8 answers Share Flag
Mon Apr 23, 2012
Lee Johansen answered:
Hi,

My advice is the immediate suburbs of Manchester. This is an ideal location because it's approximately one hour to the beach, the lakes, skiing, and Boston. I live in Bedford where there is a new High School. I chose Bedford mainly because of it's location combined with the small town rural setting, yet I'm just a couple of minutes to i93 and the Everette Turnpike which becomes Route 3 in Nashua.

Here is a link to a search tool where you can create your own search and set up a daily e-mail alert:

http://www.mlsfinder.com/nh_nneren/leejohansen/

Please let me know if I can help further in any way...

Regards, Lee



______________________________________
Lee P. Johansen
Keller Williams Realty Metropolitan
168 South River Rd. Suite 1A, Bedford, NH 03110
Cell: 603-315-0739
Fax: 603-628-2246
Office: 603-232-8282
E-Mail: Lee@LeeJohansen.com
http://LeeJohansen.com/
http://leejohansen.kwrealty.com/
Licensed in New Hampshire
______________________________________

OH BY THE WAY
I'm never too busy
for your referrals
______________________________________
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0 votes 14 answers Share Flag
Wed Mar 30, 2011
Bill Eckler answered:
Port,

Without knowing the local market, if you closed and financed your purchase it would be fair to assume the bank did an appraisal and the home appraised for the contract price. If so, this is an indication of a solid transaction....for now.

On the other hand if you paid cash and didn't have an appraisal done to varify the property's value, it may be helpful to have an appraisal done for peace of mind.

Respectfully,

Bill
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0 votes 3 answers Share Flag
Tue Jul 22, 2014
Bonnie Michal, ABR, GRI answered:
Most likely there is a clause in your agreement stating what will happen and how much you are obligated to pay should you find a FSBO. I'd encourage you to use your agent to represent you in the transaction so that you are not liable for errors, but also for experienced guidance through the whole process. ... more
0 votes 11 answers Share Flag
Sun Jul 25, 2010
Warner King answered:
If you are serious about this my advice is to sit down with a lender that can answer all of your questions, get you pre-approved and help you obtain the loan.
0 votes 6 answers Share Flag
Mon May 17, 2010
Tara-Nicholle Nelson answered:
The listing price is essentially meaningless to the bank, on a short sale. This is because the listing price is determined by the seller and their listing agent, while the bank's only concern/duty is to recoup as near as possible to the home's fair market value, for their investors. In a lot of cases, the list price is actually a total work of fiction, that was set artificially low to appear like a great deal and attract buyers, whose expectations are uncorrected until the bank reviews the offer.

I wouldn't say that's the case here, because the list price was fairly close to the BPO price.

The fact that you're getting responses (a) at all, and (b) in the time frame you are is actually a good sign. If 3 weeks is what it took to get your first counter, that's as good a guideline as any for when you should expect your next response, but there are no guarantees with short sales.

Good luck!
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0 votes 5 answers Share Flag
Mon Sep 7, 2009
James Gordon ABR SFR SRS answered:
The lender agreed to take title to the property as is instead of pursuing forclose. The property is all theirs now baby. The lender may be able to before the sale takes place go after the seller/property owner that broke their legal contract for any damages that were intentional.
Proving it is another matter. Like holes in the wall--"Oh we just had an accident when we were moving!"
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0 votes 1 answer Share Flag
Thu Jun 22, 2017
No one answered:
My office has one listing in Seabrook for $139,000.

Office (603) 926-9846
Cell (603) 686-0111
0 votes 13 answers Share Flag
Mon Jul 6, 2009
Dane Hahn answered:
You ask, " We would like to know what is available to rent or buy in Portsmouth, NH. We need wheelchair accessible housing. We are a couple with a small dog thinking of relocating to NH.

Hi Rita,

You will find there is a great selection of property in Portsmouth, NH, you should be aware that prices in New Hampshire have held very well during the real estate correction that the USA as a whole has experienced. Meaning you may find prices high relative to Arizona. Your best bet is to find a Realtor who services Portsmouth and go from there. My company has offices in Portsmouth, Hampton and Exeter, so we could help you if you desire.

Find listings for Portsmouth in my website, (www.daneandsandra.com)below.

Dane Hahn
NH Broker
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0 votes 2 answers Share Flag
Wed Oct 19, 2016
Dane Hahn answered:
Hi Betty,

Basically LEGALLY there is no difference, BUT often banks and the FHA draw a difference because they are concerned with the management and the balance of the ownership. If one party owns say 10% or more of the units (which is the case in many local condos) then the lenders are wary of control by one party of the votes in the condo association.

The word condex implies 2 units or dual ownership, call it 50/50. So the borrower (and if a foreclosure, the bank which becomes the new owner) will not be outvoted or subjected to onerous expenses for future repairs and etc by a condo association that is controlled by one or two persons.

But outside of the implication of dual ownership, a condex may also have very simple "covenants and documents", which may run from a simple handshake agreement to split any bills that are relating to the building's exterior, (insurance. snow removal, future roofing, well, septic, etc.) to multi-page agreements that spell out acceptable uses of the yard, setbacks, fences, garbage and drying yards; they may even specify if you can have a pool (and what kind of pool) in your own back yard.

In a condex agreement, usually the rules can be changed if both parties agree (depending on the wording of the agreement), but not if only one wants to make the changes--so always read the condo docs.

A condex building can be a part of a larger condominium association, Winding Brook in Stratham has free standing single houses, duplex/condexs, triples and quads. They run right up to $450K meaning they are nice homes and they have all the rules and regulations that you would imagine, and maybe a few more. In their case, a condex is not exactly a condex, rather it's 2 units.

Hope this helps,

Dane Hahn
NH Broker
Betty LaBranche Realty
603-566-5460
... more
0 votes 7 answers Share Flag
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