If you are showing your home to potential buyers and getting prepared for that big move, you are probably feeling the weight of the world on your shoulders right about now. For families, selling, moving, and all the requirements of your regular daily schedules can culminate into the perfect storm of discontent and stress.
With a shortage of homes on the market, and the current housing demand causing a steady rise in the asking price of homes across the state, you may find yourself considering a foreclosure. Perhaps you thought you never would look at foreclosures, yet there they are, reasonably priced, and looking like they might fit your needs perfectly.
You probably have heard that the current real estate market in New England is a seller’s market, and depending on which communities and the region of the state in which you look, the signs may indeed be there to support this. While the market varies based upon where you live, there are three clear signs to look for:
If you are a parent and are also about to move, you are probably worried about the how difficult the transition may be for the youngest members of your family. There are studies that can increase your stress by listing off all the potential challenges your child may face, so perhaps you are in need of a reality check to ease your worried mind.
There is an increasingly high demand coming from today’s home buyers for homes that utilize solar energy. Popular with Millennials to retirees, this green source of energy is something these eco-savvy buyers are willing to pay a lot more to have.
With limited inventory on the market, some home buyers who have been shopping for a while may start to wonder if the only way to find the “right home” for their family is to build one. It can be frustrating to know exactly what you are looking for, but struggle to find it on the market, or lose-out because someone outbid your offer. But is building a home better than keeping up your search of pre-existing homes?
The average price of rent in New England, and across the country, continues to inch upward, yet many of those renters admit they are afraid to buy a home. In a recent survey conducted by Bankrate.com, almost half of the renters polled said that they have avoided purchasing a home because they don’t think their credit is good enough for them to be able to qualify for a mortgage. These renters also expressed that they could not afford a down payment which, they believed, was always required.
Buying a home is a big investment, perhaps the biggest you will ever make. So it is natural to feel very nervous about the choices you are making when shopping for a home. Placing an offer may seem like a monumental decision, but in today's market you probably also fear hesitating and missing out on a great home to another buyer waiting in the wings. It makes you feel the pressure to leap and place an offer but also worry you are not thinking your decision through.
Perhaps you have heard you can buy a home with less than 20% down payment, but you have no idea where to begin. You are not alone. Many first time buyers lack the savings that a 20% down payment requirement demands, and most of them- about 70 %- say they don’t know what other options are available to assist them.
A recent survey conducted by the National Association of REALTORS, showed that most buyers purchase a second home for their personal vacations or as a family retreat, not as income property they plan to rent out. Is this the year you plan to join the ranks and begin having the ultimate summer family vacations in your own New Hampshire vacation home?
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