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.

Are “For Sale by Owners” Really Saving Money?

Donna and Maxi 044We all like to save money when we can thus it is enticing to try and sell your house as a For Sale by Owner (FSBO). However, before undertaking selling the largest asset you own, you might want to read on a bit more.

  • An agent-assisted home sale has a 13% higher sales price than a FSBO sale.
  • In 2014, only 9% of homes sales were FSBO. (Compared to 14% in 2003). Of the 9%, almost half were because the seller knew the buyer.
  • 88% of buyers used the internet and agent in their home search. Most agents have an internet strategy to provide better exposure and can put their listings in front of hundreds of other agents – who are working with buyers.
  • Agents are less inclined to show FSBOs since they will be doing twice the work.
  • Agents are more likely to close a deal as they are more skilled in negotiating and resolving issues.
  • 8 out of 10 FSBOs will end up listing their house with an agent.

Bottom line, before undertaking the complexity of selling your home, see what a real estate professional can offer you. Contact me and put my 20+ years of home selling experience to work for you.  603-526-4116, donna@donnaforest.com, www.donnaforest.com

Source:  Statistics from the National Association of REALTORS® Profile of Home Buyers and Sellers 2014

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

New Listing in New London

A great home located within walking distance of the center of town, elementary school, library and town green.  The property has been meticulously cared for inside and out and features hardwood floors throughout and an updated kitchen with granite counters and semi-custom cherry cabinetry.  Inside there is lots of room to spread out, including a heated sunroom with wood stove, and finished family room.  Enjoy the outside from the large deck and pleasant yard.  Move right in and start making your house a home!  Offered at $279,000.  For more photos and details, visit www.NHNeighborhoodColonial.com

MarstonMarilyn Kidder, Listing Broker, 603-526-4116

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

January 2015 Housing Market

home dollar signThe New Hampshire Association of REALTORS® has contracted with 10K Research and Marketing to provide a comprehensive market report, including 10 different categories and historical data going back to 2005, as well as county-level data.

Click here for the report:  NHAR January 2015 NH Monthly Indicators

Source:  NHAR eNews 2/25/15

Think Spring?

Seed sowingWith some warmer temperatures and snow melting, it’s time to think Spring!  Spring Ledge Farm will be holding their first seed sowing workshop on March 28th between 10am and 2pm.  This will be the third year of this very popular program where you can sow your own seed tray using their seeds, their soil, advice and even their greenhouse space to grow them for a month.  Cost for the workshop is $18.  You will take home a seed tray with 100 plants of spring hope and promise.  Alternatively, for $36, they will grow your seed tray for five weeks, and you can pick it up in the beginning of May. There is no limit on the number of seed trays you sow.   The results of a seed tray grown in a greenhouse, with full light, regular watering, fertilizer and daily attention are excellent. Estimated total time needed to pick out seeds and sow the trays to be about 30 minutes.   Hope to see you there!

To see other workshops being offered and more details/information, go to www.springledgefarm.com