Not a listing but, this is an example of the type of quality you will get when you list your property with me.
This is a beautiful vacation rental located in Meredith, NH with a beautiful view of Lake Waukewan. Do yourself a favor and book a stay with Hilltop Lakeview Retreat.
This stunning home was completed in May 2024 and designed with meticulous attention to detail. It features radiant floor heating on all levels, including the basement, custom woodwork, 19-foot cathedral ceilings, and reclaimed wood accents. The chef's kitchen includes a Jenn-Air range, an 8-foot island, and a farmhouse sink. The dining area features a custom-built 12-foot table, perfect for gatherings. Enjoy the expansive 3/4 wrap-around porch and a 15x14 deck, ideal for relaxing, entertaining, or enjoying the views. The porch and deck provide ample space for outdoor dining, lounging, and hosting gatherings with family and friends. The property includes a 3-car garage, and an RV dump connection. Located less than 2 miles from Newfound Lake, this home offers easy access to swimming and kayaking. It's also 25 minutes to Ragged Mountain for skiing and snowboarding and nearby snowmobiling trails. The proximity to downtown Bristol ensures convenient access to local amenities and entertainment. This home blends luxury with rustic charm, providing ample space and modern conveniences. With its spacious layout and extensive outdoor areas, it's great for entertaining guests and enjoying year-round activities. Don’t miss the chance to own this exquisite property in a serene location.
The 28/36 rule in real estate is a guideline for determining how much one can afford to borrow for a home mortgage. It suggests spending no more than 28% of gross monthly income on housing expenses and 36% on all debt payments. These ratios help both individuals and lenders assess financial readiness and creditworthiness for a home loan.
In New Hampshire, the real estate transfer tax is commonly split equally between the seller and the buyer. The rate is set at $15 per $1,000 of the sale price. This translates to $7.50 per $1,000 for both the buyer and the seller.
Accurately pricing your home from the start is crucial for a quick and profitable sale. Overpricing can lead to your property becoming stale, forcing you to lower the price later, often below market value. This can be particularly damaging if the market is declining, as you'll be "chasing" dropping prices. A well-priced home can attract multiple offers, potentially increasing the final sale price, whereas an overpriced home can sit on the market, costing you time and money.
An earnest money deposit is a sum paid by a home buyer to show their commitment to purchasing a property. Held in an escrow account until closing, it serves as a sign of good faith and is usually applied to the down payment or closing costs. If the buyer backs out for reasons not covered in the contract, the seller generally keeps the deposit. However, if contract conditions aren't met, such as failing financing or inspection, the money is returned to the buyer. Typically, the deposit amounts to 1-3% of the home's sale price.
Overspending on home upgrades before selling can hurt your profits and may not increase the sale price proportionately. High-cost renovations may not align with buyer preferences and could delay your time to market. It's smarter to focus on cost-effective, impactful updates that will appeal to a broader range of buyers without straining your finances.
Before buying a home, get pre-approved for a mortgage, budget wisely, and consult professionals. Always inspect the home and think long-term. Negotiate terms and read all documents carefully. Avoid skipping pre-approval, rushing the process, or making large purchases that could affect your mortgage. Don't ignore red flags like structural issues or high crime rates, and keep an eye on the home's resale value. Following these guidelines can make your home buying experience smoother.
Contingencies in home buying are conditions that must be met for the contract to be binding. Common ones include financing, home inspection, and appraisal. They protect the buyer by offering a legal way to back out if certain terms aren't met, such as securing a mortgage or if a home inspection reveals major issues. These clauses offer a safety net for both parties in the transaction.
Real estate agents are usually paid through commissions, a percentage of the home's sale price, typically around 5-6%. The seller generally pays this commission, which is then split between the listing and buyer's agents. Though the seller handles the payment, the commission is built into the sale price, indirectly involving the buyer in the cost.
A buyer may pay an agent's commission or a portion of it in specific scenarios, such as when dealing with an unrepresented seller, For Sale By Owner listings, or new construction where the builder won't pay the commission. Other cases include special agreements with the buyer's agent, dealing with discount brokerages, or when the offered commission is lower than usual. While less common, it's crucial for buyers to understand these possibilities and read contracts carefully.
In New Hampshire, the recent NAR settlement has brought some important changes to the way real estate transactions are handled, especially regarding buyer agency agreements. Traditionally, many homebuyers in New Hampshire worked with agents without a formal agreement, assuming the seller would cover the agent’s commission. However, the settlement raised concerns about transparency in commission practices, leading to new rules. Now, buyer agency agreements are required in New Hampshire to ensure that homebuyers fully understand their relationship with their agent, including how the agent's commission will be paid. This change is designed to promote transparency, making sure buyers are aware of any potential costs upfront, which ultimately helps create a more straightforward and fair home buying process.
Your Lakes Region Realtors®
11 South Main Street, Concord, New Hampshire 03301, United States
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