1st Time Home Buyers
Technology has changed everyone's lives in many ways, including how we do business. The real estate field is no exception. At Maxfield Real Estate, Steve and Carol Bush take advantage of all the technological tools at their disposal to make sure your property gets the attention it deserves. Did you know that nearly 90 percent of people looking to buy real estate search online for properties? Steve and Carol's comprehensive strategy lists properties on social media sites such as Twitter, Facebook, and You Tube; websites such as Google, Yahoo, and Bing; and industry sites such as LuxuryRealEstate.com, NHLiving.com, Realtor.com, Homes.com, and HomesandLand.com. By saturating these online locations, they automatically put your home in front of millions of people. A possible sale is just a click away! Steve and Carol also find the Internet is the perfect place to showcase your home visually, and in terms of the amount of information that can be presented. Their agency has two user-friendly websites, LakesRegionHomesInfo.com and NHLakesLuxuryHomes.com, and both are packed with details. These sites contain timely buyer information, all of their property listings, and offer advanced tools to aid in client searches. Steve and Carol also invite clients to use their interactive map to search by geographic area--they know the perfect home is waiting for you in the Lakes Region! Their dedicated mobile phone site allows you to view their mobile website from your iPhone, smart phone or tablet if you are on the road, or on the lake. Clients who are unable to visit the Lakes Region in person can still enjoy a complete showing of properties that interest them. Steve and Carol create a customized virtual tour for every listing. This tour is viewable on their website and their You Tube channel. Simply visit www.youtube.com or search LakesRegionHomesInfo.com on YouTube. Thanks to today's technology, buying--or selling--a home has never been easier!
You've finally found that special property after months of searching. Both you and the seller have agreed on a price with the help of your Realtor. Your lending institution has pre-approved loaning you the funds if the appraisal of the property comes in at or above the agreed upon selling price. You are psyched big time! But wait! Is there anything more that you can do, should do, or must do to ensure that you've made a good investment? The answer is absolutely yes!Having a certified building inspector and septic system professional come to the property within a couple of weeks of a signed contract by the buyer and the seller is the best investment in money and peace of mind that you will make prior to closing on a property. What are the inspections that you should definitely have done? On the New Hampshire Association of Realtors Purchase and Sale Agreement Standard Form there are 8 suggested areas listed in which a buyer, at his or her expense, have the right to have performed within a reasonable amount of time. I will touch on the first 3 in this blog. They are;
- General Building Inspection - depending upon the size of the building, garage and number of out buildings this can cost anywhere from $300 to upwards of $500. For most properties the cost is $350 and takes approximately 2 hours. The inspector checks absolutely everything in and around the outside of the house, looking for any signs of wood issues, appliance issues, electrical, plumbing, roof, foundation, and generally all possible safety issues.
- Sewage Disposal - If you have a septic system on the property it is wise to have it checked by a professional. Typically the holding tank is pumped and then the inspector will inspect In this the baffles, run water from the house to see that everything is flowing smoothly. The cost can vary but typically it is $250 to pump the system, if it hasn't been done recently, and another $100 - $125 for the written inspection.
- Water Quality - It is always a good idea to have the water tested, especially if it is well water, as there could be contaminants that are of health concerns. Some of the contaminates, such as bacteria, radon, iron, lead and arsenic occur naturally. Others such as pesticides, chemicals, road salt, improper waste disposal and other contaminants can find their way into the soil and water supply due to improper handling. The State of New Hampshire has a list of certified labs, visit des.nh.gov. Also check out Water Quality Testing for Private Wells in New Hampshire. The standard cost for your water to be tested is $85-$130. To have the water tested for radon , the cost is $80. More on Radon Water Quality in the next blog. See this link for further information on the associated costs and what they test for at each level.
Buyers in the Lakes Region of New Hampshire may be wondering if they may have missed the boat when it comes to the $8,000 tax credit that ended on April 30th. As it pertains to that credit the answer is yes, but fortunately for those buyers who are still looking there are excellent opportunities to purchase a home with the prospect of substantial savings coming to them from two areas. First is the reality that there still exists a large inventory of properties on the market with prices that have and will remain relatively flat for some time to come. Its the old supply and demand scenario and until supply dwindles significantly and demand heats up dramatically there will be bargains. Secondly there continues to be exceptional financing opportunities from many lending institutions for new homeowners, as well as funding programs offered through the State such as the New Hampshire Housing Finance Authority who advertises that they are designed to assist low to moderate income persons obtain housing, and that they are offering the lowest mortgage interest rates in over 30 years. That just may be you trying to get into your first house. Here in the lakes Region there are many affordable and wonderful homes available for sale.
Contact US to receive more information on any of these properties or to discuss what you are looking for in Wolfeboro, Moultonborough, Tuftonboro, Alton, or any other town in the Lakes Region of New Hampshire.