New London Weekend Happenings!

strawberriesGet your friends and family and meet at the Town Green for the first annual Strawberry Festival, June 27 and 28.  The Center for the Arts will also present the annual Arts on the Green on Saturday with fine art, music, vendors and activities for kids.

Then Sunday the 28th, more fun can be had at the New London Historical Society, Little Sunapee Road where there will be crafts, games, alpaca visits and strawberry ice cream tasting!  Ride a horse drawn buggy to Spring Ledge Farm and experience the past and present.

There’s lots to do in the Lake Sunapee Region of New Hampshire – click here for more area events!

Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate

Housing Sales are Up!

Donna and Maxi 044Despite our tough winter, home sales are up 28% in the 10 local towns in the first 5 months as compared to the same time in 2014. The average days on market is 169 days and statewide, the median price is up 7% from last year. While our data shows a 5% increase, I believe some of that can be attributed to the higher number of lake sales with 2 sales at $2M+. Nonetheless, it’s encouraging to finally see upward movement in our market.

Newbury – 64 Currently for Sale

1/1 -6/1/14                           6 Solds                  140 Days on Market (DOM)

1/1-6/1/15                            17 Solds                 230 DOM

New London – 81 Currently for Sale

1/1 -6/1/14                           26 Solds                 169 DOM

1/1-6/1/15                            20 Solds                 109 DOM

Sunapee – 68 Currently for Sale

1/1 -6/1/14                           13 Solds                 182 DOM

1/1-6/1/15                            13 Solds                 88 DOM

A recent Pulsenomics survey of housing experts predicts US home values to level off in the next few years with a 4.3% rise in 2015 and an average annual growth rate through 2019 of 3.6%.   In other words, buyers, it’s time to get off the fence if you are thinking about buying as home prices and interest rates are predicted to only go up. If you are looking to buy or sell, contact me to work with a local expert!  603-526-4116, donna@donnaforest.com, www.donnaforest.com

Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/14 thru 6/1/14 and 1/1/15 thru 6/1/15.

Known for service, trusted for results – Coldwell Banker Milestone Real Estate.

New Listing – Spectacular Setting on 55+ Acres in Wilmot, NH

Lovely, custom contemporary cape surrounded by 125 acres of conservation area, sit on its own private 55 acres overlooking a marsh and year-round Kimpton Brook, abounding with all forms of wildlife.  Soaring open spaces, 3 bedrooms, 4 baths and central air.Detached, oversized, heated garage/office/workshop, perfect for a home business.  Enjoy your own nature retreat!  Offered at $500,000.  For more photos and details, visit www.NHPrivacyandViews.com

2015-05-13 11.58.31Anne Marie Appel, Listing Agent, 603-526-4116

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Coldwell Banker Milestone Real Estate.

6 tips for Winning a Bidding War

Donna and Maxi 044Lately, I’ve been surprised to see our market area starting to experience multiple offer situations.  While not an every day event, it certainly pays for buyers to be prepared should they find themselves in a bidding war.  Here are some tips to help put your offer in the best position.

1.  Keep contingencies to a minimum.  Decide what inspections you can live without and don’t add in extra clauses.

2.  Find out the seller’s ideal closing date and use it for your closing date.

3.  Keep all contractual due dates in as short of time frame as possible.

4.  Be prepared to offer over the asking price.  With multiple offers, money talks and usually the higher price wins.

5.  Cash offers beat offers with loan conditions.  (Unless the offered price is significantly higher than the cash offer.)  Present a pre-approval letter with your offer if it is based on obtaining a loan.

6.  Even though you may be getting financing, you can write the offer as a cash sale with no loan contingency.  You must be confident you will get the loan with no issues.

Bidding wars are emotionally tough as someone always loses out.  Give your best and final offer so you have no regrets if you don’t get the home.  Contact me if you want to work with a buyer’s agent to help you navigate the challenges of buying a home.  603-526-4116, donna@donnaforest.com, www.donnaforest.com

Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate

Looking for that Perfect Lakefront Home?

This beautifully designed contemporary cape, completed in 2007 by Gavin Campbell Construction Company, sits on the shore of Little Lake Sunapee on 1.2 acres with 250’ of lake frontage. With boat and swimming docks, sandy lake bottom, and a swim float, there is ample opportunity to enjoy good times on the lake. The natural setting of the shorefront is low maintenance and offers numerous low-bush blueberries for picking. There is little boat traffic in this part of the lake, so lovely views and tranquility are easily come by.

Inside, lake views fill the living space. The home has high quality finish details featuring wide plank flooring on both the first and second floors, solid wood Shaker style doors throughout with solid bronze hardware made in England, crown moldings on the first floor, white-washed pine ceilings in many rooms, a cook’s kitchen with maple cabinets and high-end appliances. There is no lack of creature comfort and indulgence. Less than 10 minutes to the center of Town for shopping, hospital and medical offices, restaurants, library and the Town Green. This home was built to foster many years of happy memories. For more photos and details, visit www.LakefrontinNH.com.

Waldon from the Lake CroppedMarilyn Kidder, Listing Broker, 603-526-4116

Known for service, trusted for results – Coldwell Banker Milestone Real Estate.

Dealing with a Low Appraisal

Donna and Maxi 044Despite the growing evidence the real estate market is on the upswing, within one week I heard about two sales in our office coming in with low appraisals.  Any time a lender is used in the purchase, it involves an appraisal.  The appraisal is how the lender ensures the size of the loan doesn’t exceed the value of the house used for collateral.  Before throwing in the towel, here are some moves that may keep the sale alive.

  • Buyer requests a review of the appraisal or a second appraisal.  This is a long shot as the lender will need a compelling reason to doubt the appraisal.  It’s worth combing through the appraisal for any missing information on upgrades, updated systems, added rooms, etc.  Make sure the comps used match the property.
  • Seller and buyer split the difference – buyer adds cash and seller reduces the price.
  • Buyer makes up the difference if they have enough cash on hand.
  • Seller reduces the purchase price to meet the appraised value.

It’s a difficult and trying time.  Assess the facts, leave emotions aside and listen to your agent’s advice.  Contact me if you want to work with a REALTOR® who knows how to problem solve your way to success.  603-526-4116, donna@donnaforest.com, www.donnaforest.com

Easy Condo Living in New London – New Listing

Bright and cheery, large second story apartment with two bedrooms, two baths, interior garage and storage unit.  Large living room and deck.  Fee of $984/month includes heat, cable, hot water, plowing, sewer, landscaping, trash removal, water and local transportation.  One time buy-in fee of $2,952.  For more photos and details, visit http://tour.circlepix.com/home/6GUH8H.  Offered at $179,500.

WhiteEmily Campbell, Listing Agent, 603-526-4116

Teamwork from the Team that works – Coldwell Banker Milestone Real Estate.

Residential unit sales, prices both up in first quarter 2015

A robust month of sales in March capped a strong first quarter in the New Hampshire residential housing market.

Unit sales saw a 6 percent increase for the month this year, compared to March 2014, while median price was ahead by nearly 8 percent. The $226,000 median price for residential sales was the highest in any March since 2008.

The March gains completed a first quarter that had unit sales ahead of the 2014 pace by just over 2 percent, and the first quarter median price, at $225,000, was a better than 6 percent gain over last year.

“It’s definitely heating up again,” said New Hampshire REALTORS President Maxine Goodhue, a broker with Bean Group in Bedford and an 18-year veteran of the real estate industry. “More and more, we’re hearing the stories of multiple offers, five or six showings the day after a property is listed – all those anecdotal indicators of an increasingly busy real estate market.”

The one area of concern in recent months had been a lack of residential housing inventory, and March saw another decrease – by nearly 12 percent – in the number of homes for sale.

The months’ supply of residential inventory – meaning the number of months it would take to sell off the current inventory at the average pace of sales for the previous year – in March reached 7.5 months’ supply, nearly a 13 percent drop from March 2014. Condominiums are even more scarce, at 6.4 months’ supply in March, a 16 percent decline from a year ago.

But Goodhue said she doesn’t expect that trend to continue.

“Even after a normal winter, this is typically the time of year when the inventory starts to replenish,” Goodhue said. “I’d expect that to be even more so this spring, considering the winter we just had and also what’s happening with prices. I think prospective sellers probably see opportunity in the market right now.”

Locally, seven of 10 New Hampshire counties saw residential unit sales increases in the first quarter of 2015 compared to 2014, while eight of 10 saw an increased median sales price.

Source:  Press Release, Dave Cummings NHAR Director of Communications

7 Tips to Improve Curb Appeal

Donna and Maxi 044First impressions count! I’ve seen buyers pull up to a house and refuse to go in because the outside held no appeal. The exterior of your home should serve as a snapshot of what buyers will see when they go inside. Here are 7 affordable ways to spruce up your curb appeal:

  1. Redo the front door with fresh paint and new hardware.
  2. Replace old exterior light fixtures.
  3. Patch and reseal the driveway.
  4. Trim trees and bushes.
  5. Wash dirt off sidewalks, driveways, decks, etc.
  6. Lay mulch down for a fresh appearance to landscaping.
  7. Plant flowers along the walkway/place container plants by front door.

These simple but effective steps will go a long way to improving curb appeal. Contact me if you would like expert advice on getting your home ready to sell.  donna@donnaforest.com, www.donnaforest.com, 603-526-4116

Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate

Leisure Time for Sale!

Was this winter just one storm too many?  Looking for an easier lifestyle?  Maybe it’s time to enjoy life at Hilltop Place in this spacious and sunny 3 bedroom condo where all the maintenance is done for you.  Large carpeted living room with fireplace, ample dining room space and a backyard woodland view will make you feel right at home.  Master bedroom offers a private balcony with a nicely done master bath plus there are two more ample-sized bedrooms.  Walk in to a handy mudroom; perfect for shedding coats and wet shoes.  A handful of steps brings you to all one floor living.  Isn’t it time you take comfort in condo living?  For more details and photos, visit www.CondoinNewLondonNH.com.  Offered at $129,000.

MaloofDonna Forest, Listing Broker, 603-526-4116

Known for service, trusted for results – Coldwell Banker Milestone Real Estate.