272 Chester Road Auburn NH home for sale

Awesomely priced 3 bedroom home for sale in Auburn NH

This home has been lovingly cared for and updated through out the years. Auburn NH is located a short 12 miles from NH’s largest city, Manchester NH and is ideally situated for a Rte 101 or Rte 93 commute.

Majestic Lake Massabesic

Auburn also boasts being home to the largest portion of Lake Massabesic which is a 2500 +/- acre lake that supplies drinking water to surrounding communities and has walking and biking trails for all to enjoy. This home is being offered for sale for the fist time and has plenty of equity room for you to grow into…. come take a peek as I’m sure you’ll love it! MLS # 4018557 272 Chester Road in Auburn is offered for sale for  $184,900

A video walk through

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

New Hampshire Real Estate ~ Home sales and prices rising

Home sales and prices rising here, contrary to the nation yet again

The NH real estate market has improved when comparing the 1st 6 months of 2010 to 2009 and while all this is good, some if not most of it can be attributed to the tax credit incentives. Whether or not these people would have bought a home with or without the tax credit is the sixty four dollar question and which is why we need to be optimistic but cautious.  The next few months will be very telling but all indications are that the phones have started ringing again,  something which since the tax credit expiration at the end of April had slowed way down for many REALTORS.

NH Market Trend Report

The New Hampshire Association of REALTORS Market Trend report is re-printed below with permission.

—By Peter Francese

You wouldn’t know it from reading the gloomy national real estate news, but both home sales and median sale prices are increasing in nearly every New Hampshire county. Statewide, residential home sales rose 10 percent over June 2009 and median price in June was up 2 percent over last year. Condominium prices rose 6 percent, but sold listings jumped 14 percent over June 2009.

It must be increasingly difficult to deal with potential home buyers and sellers who only look at national news. But perhaps the most troublesome thing is how risk-averse mortgage lenders can become after seeing scary but misleading headlines. It’s an uphill battle fighting negative perceptions with mere facts, but here are some anyway.

The central fact: in so many ways, our state is not like the rest of the nation.

During the first six months of this year, statewide residential home sales reached almost 5,300 units, up 18 percent from the first half of last year, and the over 1,400 condos sales in the first half were 28 percent above last year. First half median residential and condominium prices rose 4 percent and 3 percent, respectively, over same period last year.

What makes our state depart so far from the national average? Could it be that New Hampshire home buyers are more independent minded and not as influenced by the national media? Possibly, but it also may be that the characteristics of home buyers in our state are significantly different from those in the other 49 states.

For example, in New Hampshire more than one in five adults (22 percent) are 45 to 54 years old, compared to just 19 percent nationally (Please see Chart I.). That’s important because that’s the age range where household income is the highest. We therefore have a more than average number of households who can qualify for a mortgage — no small feat these days — and thus are more likely to buy a home, if they wish.

Chart I also shows that 225,000 New Hampshire residents are Baby Boomers ages 45 to 54 years old, and another 175,000 are Boomers aged 55 to 64 years old. That latter age is when families are most likely to buy a second home, or in some cases sell their larger family home and perhaps purchase a smaller or more convenient one.

But the peak Baby Boom 45 to 54 age group is followed by two smaller ones (35 to 44 and 25 to 34), where both family income and the rate of home ownership is lower. On average, only 45 percent of households ages 25 to 34 are now homeowners, compared to 74 percent of those ages 45 to 54.

This data come to us from the Census Bureau’s estimates branch, which recently published its last population estimates until the 2010 Census results come out next spring. This data is available for every county. Any New Hampshire REALTOR can obtain a copy of charts 1 or 2 just for counties you serve by sending an e-mail to peter@francese.com.

Chart 2 shows the estimated changes in New Hampshire’s age profile over the past decade. The two key things to notice about this chart are the sharp increases in young adults, ages 18 to 24, and the rapid increases in 55- to 64-year-olds.

This means that we may soon see an increase in demand for small starter homes for young people in their twenties, as well as a sharp rise in demand for retirement homes, many of which may be condominiums.

It may be useful to keep the following two facts in mind. First, as the number of people over age 55 increases, a rising percentage of households will be headed by women and more of them will want to buy their own home for themselves and possibly for when their grandchildren visit.

Second, New Hampshire ranks first among New England states and sixth in the nation in the percent of two-earner married couples. This means greater demand for homes with high speed internet access and at least one home office, and maybe two.

The monthly and first half home sales data from NNEREN are shown below, sorted by percent change in residential sales year to date (January through June) compared to last year. Note that sales rose in every county, and 8 in 10 counties had double-digit increases. The sharpest rises were in Strafford, Grafton and Merrimack counties, and those big increases continued right through June.

Home price increases were modest, but positive in all but a couple of counties. The superior economic performance of our state (low unemployment rates and higher levels of economic activity) suggests strongly that those increases will almost certainly continue in future months.

According to the latest housing unit estimates from the Census Bureau, about half of New Hampshire’s 600,000 dwelling units were in Hillsborough (27 percent) and Rockingham (21 percent) counties. Those two counties also accounted for half (49 percent) of all home sales statewide and two-thirds (66 percent) of statewide condominium sales.

It’s noteworthy that since 2000, New Hampshire’s housing stock increased 9.7 percent at a time when the number of year-round residents rose only 7.2 percent. This suggests that there is still a robust market for second or vacation homes in our state.

Governor Lynch signs the 1031 Tax Exchange Bill

Lynch signature punctuates legislative victory for NHAR

July 19, 2010

Flanked by, from left, Sen. Lou D’Allesandro, NHAR President Monika McGillicuddy, NHAR Past President Paul Sargeant, NHAR Executive Vice President Paul Griffin, investor Alex Iskandar of Lebanon, REALTOR® George Foss III, investor Ron Gosselin of Manchester and NHAR Government Affairs Director Bob Quinn, Gov. John Lynch signs Senate Bill 483 last week.

Lynch signature punctuates legislative victory for NHAR

Legislation originally drafted by the New Hampshire Association of REALTORS® earned the signature of Governor John Lynch last week, preventing the Department of Revenue Administration from applying the Business Profits Tax to federally recognized 1031 real estate exchanges.

“This rights what could have been a very substantial wrong,” said Sen. Lou D’Allesandro, the prime sponsor of the legislation, during a brief ceremony in the Governor’s chamb
ers Friday.

New Hampshire had been one of only two states attempting to tax such 1031 transfers involving so-called “disregarded entities.”

The new law also retroactively allows investors to engage in real estate exchanges permitted by federal law without paying the Business Profits Tax. The complete bill can be found here.

Among other arguments, NHAR had warned that preventing such like-kind exchanges would scare investors away from the state, as it had in other states that changed their law to capture this income.

It was a major victory, especially for commercial real estate, which relies heavily on 1031 transfers. NHAR owes a particular debt of gratitude to Sen. D’Allesandro for his leadership and assistance in passing this legislation.

During the bill signing ceremony, NHAR Public Policy Committee member George Foss of Littleton, a specialist in 1031 transfers, said, “This is a big win for the real estate industry, for the taxpayers of the state, and for the New Hampshire Association of REALTORS®.”

The above post was reprinted from a New Hampshire Association e-news.

Call or e-mail us if you’d to chat about your home ownership options. I think you’ll be surprised at what might be awaiting you.

Contact Jay and Monika McGillicuddy, NH REALTORS

Jay and Monika McGillicuddy

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

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Jay and Monika McGillicuddy, NH REALTORS

New Hampshire Real Estate Blog

NH Holiday Home Selling tips…

Thinking of selling your Southern New Hampshire home during the holidays?

In this market we all know a home needs to be “prepared” to sell or “staged” to sell as some would call it. It is especially important during the Holidays.

We all love our special holiday decorations but when your home is on the market it’s time to keep some of them packed away. It’s hard to “live in” a home while it is on the market and to keep that home feeling like it is still your home.  But, as attached as we are remember that “less is better” when it comes to decorations, family knickknacks and yes even family pictures.

It’s important that the potential buyers can imagine themselves in your home and if your home is heavily decorated and full of all “your” stuff it sometimes inhibits the buyers and makes it hard for them to get beyond your stuff to the point where they can picture their stuff in it’s place.

We want to help them mentally move in!

Curb appeal is crucial both at the curbside and on the Internet …how your home is packaged makes all the difference. We can get potential buyers to your home but once there your home needs to capture them. Your home needs to “pop” and touch the buyer.

A well staged home…either professionally or with the use of some common tips can make a big difference in the marketability of your home. This video is just the first step. Give us a call if you’re considering listing your southern New Hampshire home for sale. We can assist you in pricing and in making sure your home is ready for the market. No obligation- No pressure…just some free help with the hopes that you like the difference we can make so much that you trust us with the sale of your home.

Jay and Monika McGillicuddy 603-548-7685

What should I look for in a good real estate agent?

A recent question posed via e-mail asked “What should I look for in a good real estate agent?” and of course my immediate answer was…Look no further you have found me! Then I thought about it and realized that the question deserved a real answer. So, if I was looking to buy a home somewhere where I knew nothing about the area… what would I do or better yet what would I look for in an agent?

# 1- I would look for an agent that is a REALTOR because I know that they would have to abide by a strict code of ethics and I know that not all agents are REALTORS.

# 2- Internet presence. I would Google their name and see what I could find out about them and the firm they worked for.

# 3- I would contact the licensing authority to see if there had been any disciplinary action taken against the agent.

# 4- I would contact the local board of REALTORS to make sure they are indeed a REALTOR in good standing.

# 5- Experience matters. I would want a buyer agent, someone who would represent me in the transaction.

# 6- I don’t care about someone being a Top Producer. I’d rather work with someone who makes me feel important to them. If they are too busy telling me about all the awards they’ve received and how many homes they’ve sold then I know it’s all about them and not really about me or worse yet that I am nothing but a dollar sign to them.

Lastly, there are many agents to choose from, I know this first hand but if you don’t feel right about the agent and if they do not go over an Agency Disclosure with you from the get go…walk away. In New Hampshire a REALTOR must give the consumer an agency disclosure upon first business meeting. You need to know who that agent represents BEFORE you spill your guts to them. There are many good ethical agents out there but there are many bad ones as well. Don’t risk it…

Of course you can save yourself a lot of grief and just call us

Jay and Monika @ 603-548-7685

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