MLS 4375873

Updated price on this 3 bedroom, 1.5 bath cape. Everything’s been updated. Newer roof, siding, windows, new mudroom. Updated kitchen just done in April. Updated baths. Hardwood flooring in front to back LR and DR. Tiled kitchen. Front to back Master with huge walk in closet. Great landscaped lot. Qualifies for Rural Development and FHA financing. Great house for first time home buyers.

 

MLS 4375873.

MLS 4375873

Financing Your Next Home

Financing your new home can be such a challenging experience to navigate and comprehend. Having worked with a great number of first time and for that matter second or third time home buyers I thought it might be useful information for buyers to have. I know it’s useful information for me to have.

My take from the information below is first and foremost do your research first.  See what kinds of programs lenders have.

 

Most all lenders have:

Conventional Loans & programs some which  now start at a Deposit of 3-5% and can go up to 20% or more.   Your debt to income ratio or DTI (how much you have in regular bills compared to how much you make) is low on Conventional 43-45% and your credit score needs to be higher than most other at a minimum of 640-660. Up to 9% Closing Costs. Seller Concessions Allowed.

FHA Loans- one of the most popular loans for first time home buyers allows you to put down a Deposit of 3.5% with DTI of 50-55% and a credit score at or above 620. Buyers pay a 1.25% monthly Mortgage Insurance (MI). And Up to 6% Closing Costs seller concessions allowed.

FHA 203k Streamlined Rehab Loan  allows 50-55% DTI with up to $35,000 allowed for Cosmetic or Non-Structural Repairs/Renovations allowed.

VA Loans- allow Veterans to buy homes with 0% Deposit or No Money Down. Veteran’s DTI is stricter at 41-50% as are other No Money Down Loans like Rural Development. Minimum Credit Score is 620-. No MI, mortgage insurance cost.  1.5%-3.3% Funding Fee. No limit to Seller Concessions.

Rural Development aka USDA Rural Development or RD Loans are also 0% Deposit or No Money Down Loans.  However when making an offer on both VA and RD loans all sellers expect an Earnest Money Deposit to hold the property off the market until closing. With RD and or VA you can get your Earnest Money Deposit back at closing if that’s what you choose to do. A .30% MI Mortgage Insurance is needed. 2% Funding Fee which can be rolled in to mortgage. Up to 6% Seller Concessions allowed.

Manufactures Home Loans really depend upon where they are located. Whether they are on their own land, in a mobile home park or a Cooperative Park depends upon which lenders will finance. So when doing your research check out the lenders that finance in the area(s) you want to buy.

NH Housing has more great options for first time home buyers, including grants for down payments or closing costs. Find out more at

https://gonewhampshirehousing.com/buying-home/our-mortgage-programs

This information is meant as a general guide for home buyers from a real estate agents view point. Please check with your lender for more information on the programs they offer.

Find more great information below from these lenders: Barbara Cunningham of St. Mary’s Bank, Bob Tilton of Equity America and Kerry MacDonald “Mac” of Residential Mortgage Services (RMS).

 

 

 

Image

Image

Image

Bob Tilton from Equity America provided this helpful information.

Image

 

Image

 

Image

 

Image

 

Image

 

Image

RMS program highlights

 

Video

Where in the World is Chichester NH?

Where is Chichester, NH and why do you want to be there? Chichester’s a great town 4 mins east of Concord, NH right along Rte 4.

Why do you want to be there?

It’s a small community with an excellent award winning school system. Here’s what GreatSchools.org has to say.

http://www.greatschools.org/search/search.page?search_type=0&q=chichester+&state=NH

rated 8 out of 10 and 4 out of 5 stars for it’s small class sizes and commitment to improving the curriculum.

The Local Principal, Pamela A. Stiles is Among America’s Best. Check it out here

http://www.sau53.org/news.htm

Chichester is centrally located. 4 mins. from Concord, NH’s Capitol City. 20 Mins from Manchester, NH’s largest city. 45 mins from Portsmouth, NH our coastline. 1 hr to the White Mountains and just a quick 30 minutes to Weir’s Beach @ Lake Winnipesaukee in Laconia.

You ask where would I live if I lived in Chichester? Well here’s your answer.

http://www.nnerenmls.com/nne/maildoc/pot0106_1398004453-Apr-20-2014-10_34_13am.html

Check out this beautifully upgraded, updated, meticulously maintained home on Mason Rd. 3 bedrooms, 3 baths, Great Rm, Eat in Kitchen with Granite counters and breakfast bar, stainless steel appliances, hardwood floors, front to back master suite with walk in closet and 3/4 bath. walk up attic, professionally painted and landscaped. The open concept kitchen, dining, and living areas, fenced in backyard, patio and fire pit make it the perfect home for entertaining friends and families.

Building Your Dream Home; Why Should Buyers Use a Buyers Agent When Buying New Construction?

Image

Building Your Dream Home

Working with  Builders

Don’t over pay getting a home that the builder wants to build and at the price they want you to pay. Buyers working directly with a builder can lose out financially, emotionally and strategically.  Use a Buyer’s Agent when you plan to build your next home.

Most builders build houses they want to build not the house you want them to build. It makes sense. They know how to build certain houses. Builders that have experience building have the costs down to a science on the houses they are comfortable building. Their crews know how the builders want the job done and can do it quicker without the issues that might arise when they are building a house outside of their usual models, floor plans or styles. Builders have their own established building specifications, options and prices for upgrades such as cabinets, flooring, counter tops and other finishes.

Contractors and Developers usually have a Seller’s Agent representing and marketing the builders interest. That agent’s job is to get you to buy that builder’s houses, with the most upgrades, at the builders price and to protect that builder’s interest. Shouldn’t you have someone to protect yours?

What can a Buyer’s Agent do for you?

Buyer’s agents work with a variety of builders not just one.  Their allegiance is to the buyer not the builder. In order to do that they need to  have experience working with a  variety of different builders. Buyer’s agents need to know what kind of follow through different builders have, or in some cases don’t have. They know which ones to recommend and which ones to stay away from.

As a Buyer’s Agent, I’ve worked with a variety of builders at different levels and based on that experience I’ve seen the quality workmanship, the ethics and the collaboration of a variety of builders. I’ve witnessed first hand which ones do quality work and which ones don’t. In depth discussions with builders has shown me which ones will make concessions and changes to floor plans or home styles and which ones prefer not to or just won’t. Home styles, standards and finishes as well as base and upgrade prices vary widely as does the area that a builder is willing to build in.

Finding a Buyer’s Agent that has had experiences with a variety of builders will be a valuable asset to you when you get ready to build your next new home.  Ask your agent to show you a variety of builders not just one. Then compare apples to apples. Look at the standards of each builder, as well as the style of the house. Is hardwood included? Are granite counter tops included? Is Central AC? Or are these all upgrades? If they are upgrades what are the additional costs?

Will the builder make changes to their “normal” floor plan or to the exterior of the house? Or do they just want to build the houses they’ve been building? Another important thing to know is how long have they been building? What kind of Warranty do they have? Do they resolve issues after you’ve closed on your new home?

As a Buyer’s Agent I consider myself an educator and an advocate. My job is to not only know the quality of the builder but to speak up and advocate for my buyer. My job is to understand the building process and walk the buyers through it. My goal is to get the buyer the  home they want, with all the standards, options, finishes and in the style they desire at the best price in the town or neighborhood they like.

When you get ready to build your new home call a Buyer’s Agent that’s experienced with a variety of builders and contractors. Don’t depend on their Listing Agent to advocate for you and get you the home of your dreams at the price you want to pay. It’s not their job. It’s Mine.

Image

Beechwood Builders – 160 Soleil Mountain Laconia NH

Image

Diamond Edge Realty & Development

255 Bunker Hill Rd Auburn NH – Closed Listing – $480,000

Image

160 Soleil Mountain – Active Listing -$550,000

Image

Douglas Hill Construction

61, 63 & 65 Pearson Rd Merrimack

Active Listings $429,900- $449,000

A Home IN NH Top Picks

A Home In NH

A Home in NH Presents JUST LISTED PROPERTIES

WE’VE GOT WHAT YOU’RE LOOKING FOR
SINGLE FAMILY HOME

39 Mason Rd.
Chichester, NH 03258
3 bedrooms, 3 baths, 2 car garage
Decorator and Gardener’s Dream
Great Room, Open Concept Gourmet Kitchen, Stainless Steel Appliances, Granite Countertops
Formal Dining Room, Breakfast Bar, and Eat In Kitchen
Great for Entertaining, Patio, Fenced, Fire Pit out Back
Just Listed $350,000

https://www.youtube.com/watch?v=7FdE2TJ-O6Q

39 Mason Rd

Single Family Cape in Candia
3 Bedroom, 2.5 Baths, First Floor Master Suite
Office with Cabinetry, Finished Lower Level
Cape, with spacious front to back bedrooms
on 3.4 acres zoned Residential Agricultural
Priced to Sell at $299,900

UNDER AGREEMENT IN JUST 4 SHORT DAYS

371 chester rd jpg

Single Family Home West Manchester
85 Fenton St.
Manchester, NH 03102
3 bedrooms, 2 baths, Front to Back Master with Walk in Closet and Balcony
Dining Rm with Fireplace, Front to Back L Shaped Living Rm
Hardwood floors, Breezeway with Sliders to Composite Deck.
Hardscaped patio, walkway and wall
Listed $259,000
85 Fenton St pic


SOCIETY HILL GARDEN STYLE CONDO

5 Bernards Rd., Merrimack, NH 03054
2 bedroom, 2 full bath condo at Society Hill
End unit near pool and tennis courts
Master Suite with updated bath, & walk in closet
Tiled Dining Room, open concept to Living Room, with Sliders to the balcony
Listed at $125,500
5 Bernards Rd Society Hill
4 UNIT MULTIFAMILY INVESTMENT PROPERTY
207 Merrimack St (444 Union St.)
Manchester, NH 03103
4 Units
2 Two Bedroom Units, 2 One Bedroom Units
Recently repaired and renovated ($20,000)
Coin Operated Laundry Room
Off Street Parking-5 spaces
Just Listed $245,000
Click on the picture for more info.
207 Merrimack St jpg

Click this link for Full Listings on all the above properties.

http://www.nnerenmls.com/nne/maildoc/pot0106_1395861872-Mar-26-2014-3_24_32pm.html

Call Barbara Potvin to see these two great Detached Condos at RiverWalk Bedford,  55+ Housing 603-620-2103.

RIVERWALK_jpg

http://www.nnerenmls.com/nne/maildoc/pot0106_1390497237-Jan-23-2014-12_13_57pm.html

Image

JUST LISTED BY A HOME IN NH

JUST LISTED BY A HOME IN NH

A Home in NH Presents JUST LISTED PROPERTIES

WE’VE GOT WHAT YOU’RE LOOKING FOR

SINGLE FAMILY HOME
85 Fenton St.
Manchester, NH 03102

3 bedrooms, 2 baths, Front to Back Master with Walk in Closet and Balcony
Dining Rm with Fireplace, Front to Back L Shaped Living Rm
Hardwood floors, Breezeway with Sliders to Composite Deck.
Hardscaped patio, walkway and wall
Just Listed $259,000

SOCIETY HILL GARDEN STYLE CONDO
5 Bernards Rd., Merrimack, NH 03054
2 bedroom, 2 full bath condo at Society Hill
End unit near pool and tennis courts
Master Suite with updated bath, & walk in closet
Tiled Dining Room, open concept to Living Room, with Sliders to the balcony
Just Listed at $129,000

4 UNIT MULTIFAMILY INVESTMENT PROPERTY
207 Merrimack St (444 Union St.)
Manchester, NH 03103
4 Units
2 Two Bedroom Units, 2 One Bedroom Units
Recently repaired and renovated ($20,000)
Coin Operated Laundry Room
Off Street Parking-5 spaces
Just Listed $245,000

MLS 4331915

 

MLS 4331915.

5 Bernards Rd., Society Hill end unit, garden style, 2 bedroom, Master Suite with full ball and walk in closet. Located right next to the pool and tennis courts for summertime fun. Merrimack NH. Listed at $129,000. Motivated seller. Call Barbara Potvin for 603-620-2103 for showing.