Looking for a Fixer Upper?

This is a must see for the handy person!  Adorable farmhouse with loads of potential.  Currently a 3 bedroom, 1 bath home with a future master suite which has been partially started and features a bathroom plumbed in.  Huge workshop with wood stove provides a great opportunity to work at home.  Beautiful, mostly open lot with seasonal local views.  Many established gardens.  Convenient access to Route 11 for an easy commute to New London, Concord or the Upper Valley.  Offered at $149,900.  For more photos and details, visit http://tour.circlepix.com/home/6A7KAX.

Kiedaisch2Anne Marie Appel, Listing Agent, 603-526-4116

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

Want to Buy a Vacation Home?

Here are some tips to help you buy that get-away you’ve always dreamed about!

  1. Research the area to see how it matches your wish list. Make a scouting trip first before even going out to look at properties.
  2. Hire a local agent who is familiar with and has worked in the area for a number of years.
  3. Buy something convenient to your primary home. You will end up using it more often.
  4. Consider a location offering both summer and winter recreation, even if you only plan on using it for one of the seasons. This helps maintain the value and provides a greater range of buyers if you need to sell at some point.
  5. Pencil out your finances before making the offer. Factor in all the costs of ownership including plowing, insurance, dues, maintenance, utility bills, etc.
  6. Know how you will pay for the home. If you need a loan, working with a local lender will make the sale go more smoothly.

If you are looking for a REALTOR® with 20 years experience in the vacation home market and who has tons of practical advice, please contact me.  603-526-4116, donna@donnaforest.com, www.donnaforest.com

Donna and Maxi 044Donna Forest, Broker Associate, ABR

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

The Only Lyon Brook Condo Unit Currently Available!

Don’t miss out on this opportunity to own at Lyon Brook in New London, NH.  Sunny, first floor 2 bedroom condominium with southern exposure has been recently carpeted and painted.  Enjoy sitting on the patio breathing in the fresh air.  Close to community dining and all activities.  Monthly association fee includes heat, cable, hot water, plowing, sewer, landscaping, trash removal, water and local transportation.  Offered at $149,000.  For more photos and details, visit http://tour.circlepix.com/home/8FZJVL  Schedule your showing today!

MoonstoneSummerEmily Campbell, 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.

New Listing – Stately Colonial in New London, NH

Meticulously maintained, stately colonial with many period details, terrific curb appeal and wonderful, easy living.  Recently renovated master bedroom suite that exudes comfort and relaxation, two additional bedrooms, inviting living room with fireplace and a large upholstered window seat facing rock walls and established gardens.  Dining room with pellet stove inserted into fireplace, built-in china cabinet and access to a screened porch.  Den, office and many delightful features make this a one of a kind offering.  Sit on the screened porch and listen to the loons fly overhead from Otter Pond to Lake Sunapee.  Relax, you’re home!  Offered at $585,000.  For more photos and details, visit www.NHEasyCountryLiving.com.

Brennan-ExteriorBestEmily Campbell, Listing Agent, 603-526-4116

You’ll be moving in the right direction with Coldwell Banker Milestone Real Estate.

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