For Buyers

10. Proper planning produces proper performance. Where is the septic going to go? What is the sun's orientation? Where is the house going to be situated on the lot? Is there enough room for the pool or the future barn? Should we buy the land first or design the home to fit the land? There are a million questions you could consider; each building project is unique. Some of the significant questions involve whether or not there is a walk-out basement, a pool, deck or patio, sun's orientation, etc. If a walk-out is a must you need to find a lot that will accommodate a house design with a walk-out. This may seem obvious, but it is often overlooked or misunderstood. If you are designing a passive solar home as part of a green construction project, then the lot's orientation to the sun is very important. Prioritize, gather information, consult and render an opinion, then realize that your requirements may need modification.

Purchasing real estate in New Hampshire (NH) is a complex and major transaction with many details to be handled. The best way to be certain that an agent is working in your best interests is by signing a buyer representation agreement with an agent. We are experts in the local NH real estate market and can guide you through the landmines of purchasing your dream property.

Different types ofhome loans in NHHome buyers today may choose from many financing options. These options range from traditional mortgages to adjustable-rate and hybrid loans. When buying a home or property in New Hampshire, or anywhere, choose your lender and financing options carefully. If the recent financial crisis relative to the housing market has taught us anything, it is that the home buyer must look after their own interests.

In our current environment, it is more important than ever to use a good, reputable local lender that will be there to stand behind their commitment.  Ask your NH Realtor for recommendations.

While the different choices may seem overwhelming at first, the overall goal is really quite simple: you want to find a loan that fits both your current financial situation and your future plans. Though this article discusses some of the more common loan types, you should spend time talking with different lenders before deciding on the right loan for your situation.

Why you need a home inspectionBuying a home in NH is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection by a qualified NH Home Inspector is an evaluation of a homes condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will:

  • Evaluate the physical condition: the structure, construction and mechanical systems.
  • Identify items that should be repaired or replaced.
  • Estimate the remaining useful life of the major systems (such as electrical, plumbing, heating, air conditioning), equipment, structure and finishes.

After the inspection is complete, you will receive a written report of the findings from the home inspector, usually within five to seven days, sometimes the report is given to you at the end of the inspection.

radon article mapIMPORTANT: Consult the EPA Map of Radon Zones document (EPA-402-R-93-071) before using this map.  This document contains information on radon potential variations within counties. EPA also recommends that this map be supplemented with any available local data in order to further understand and predict the radon potential of a specific area. Contact your state radon coordinator (go to www.epa.gov/iaq/whereyoulive.html and click on your state) to see if your state has more detailed information available.  If you have questions about radon in water, see www.epa.gov/radon/rnwater.html.

Purchasing a property in NH, you should perform a radon test for the existing home for sale.

Understanding the NH Housing CycleWhen Buying and Selling NH Real Estate What Do You Need To Know?

 It should come as no surprise to the reader that over the last ten to fifteen years NH housing costs have risen dramatically and recently they have fallen significantly.

This paper will attempt to explain the following conclusions:

The housing market is normally in a “growth mode” (where new homes are required to accommodate an increasing population) or a “retraction mode” where the supply of existing homes is more than sufficient to accommodate demand.  When in the growth mode, home values are closely related to the cost of new homes (replacement value); when in the retraction mode, all bets are off.

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