Blog :: 04-2017

Welcome to our blog! Here, we'll keep you updated on everything you need to know about the real estate market in the Upper Valley. We keep our finger on the pulse of the local real estate market from our office in Enfield, NH. 

Questions about real estate in the Upper Valley? Contact us today!

4 Ways Buying a Home is Like Dating

Dating your Home - NH Real EstateWhat do House Hunters and the Dating Game have in common? More than you might think. When it comes to finding your dream home and your soulmate, there are plenty of similarities. 

You Have to be Open to it

Whether you are looking for the perfect home or the perfect man, you have to believe it’s possible. According to a Marist poll, 73% of Americans believe they will find true love, while only 52% believe they will find their dream home. When it comes to homes, you have to keep an open mind. You wouldn’t turn down mr.right because he drove a beat-up car, just like you shouldn’t necessarily say no to a house that could use a little work. 

Looking Online Leads to Success

The internet has made finding a home, and “The One”, easier than ever. 92% of homebuyers look on the internet before contacting a realtor to schedule. showing. It’s a lot easier to narrow down houses you would like to see in person after you have already seen all of your options online. Similarly, those who use the web to find love say they are more likely to find a better romantic match because you can assess all of your options beforehand. 

It’s a Numbers Game

You’re more than likely going to date more than one person before you get married. Just like you’re going to look at more than one home before you buy. On average, home buyers look at an average of 10 homes before they make a purchase. A man on average dates six people before finding “The One” while women typically date five people before “The One”. 

First Impressions Matter

Whether it’s love at first sight with a person or property, the majority of American’s believe in it. 77% of homebuyers said they know immediately when they found the perfect home. According to a study, it only takes 12 minutes on a first date to determine if you’re interested in the other person and want to see them again. 

When it comes to both people and homes, neither are ever truly perfect. The most important thing is to know what you need and want; if you assess a variety of options you’re more likely to find a pretty good fit. It’s most likely going to take time and effort to find “The One”. 

Take the Plunge, and Start Your Real Estate Search Today!
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    April Showers Bring May Flowers

    Coule Smiling in the Rain - NH Real EstateWe’ve all heard the rhyme, “April showers bring May flowers,” and while that may be true, April showers can also bring basement flooding and a headache to the home selling process. Most of us in the Upper Valley are accustomed to the occasional spring flooding in our basements, but when it’s time to put your home on the market you may be wondering whether you need to tell potential buyers about it — the answer is yes and no. 

    Most states require homeowners to give a written disclosure report to potential buyers. These reports require you to disclose all sorts of things about your house such as:

    • plumbing and sewage issues
    • water leakage of any type (including basement flooding)
    • termites or other infestations
    • roof defects
    • heating or air conditioning issues
    • property drainage problems
    • Foundation instabilities or cracks
    • problems with the title
    • issues with the neighbors that aren’t obvious

    New Hampshire, however, is not as strict. Disclosure law in the Granite State only requires you to disclose information about a few specific aspects of your home:

    • information about the private sewage disposal system including its location, malfunctions, the date it was most recently serviced, and the name of the contractor who services the system. 
    • information about the type of private water supply system, including its location, malfunctions, date of installation, date of most recent water test, and whether or not you have experienced a problem (such as an unsatisfactory water test) with notations
    • information about your home’s insulation, including type and location
    • notices about radon gas, lead paint, and arsenic

    Not only does New Hampshire have few regulations when it comes to seller disclosure, but courts adhere to caveat emptor — or buyer beware, which really goes back the Live Free or Die sentiment that our great state is founded upon. 

    Despite having relaxed disclosure laws for sellers, New Hampshire does have realtor regulations which state that “the duties of [an agent] acting on behalf of a seller include treating all prospective buyers honestly [and] disclosing to a prospective buyer or tenant any physical, regulatory, mechanical, or on-site environmental condition affecting the subject property of which [they] have actual knowledge”. This disclosure must occur before any written offer is made on a property. 

    For example, you are trying to sell your home in Grafton and your basement floods every Spring as the snow melts and the rains come and you tell your real estate agent that you only want to show your house on sunny days so potential buyers don’t see water in the basement, or similarly, your realtor comes to take photos of the property and notices flooding in the basement. The agent has a legal obligation to report these issues to potential buyers. However, agents are under no obligation to inspect properties for potential problems. 

    Limited legislation on disclosure doesn’t mean it isn’t a good idea to disclose anything you are aware of (just to protect yourself down the road). The New Hampshire Association of Realtors provides a commonly used disclosure form which covers many critical areas of the home. Questions include how old the home is, whether it’s subject to any liens or lawsuits, and whether you are aware of any major issues such as with the heating, cooling, or plumbing. 

    This form should give buyers a fairly comprehensive snapshot of any defects, but it is always a smart idea for buyers to commission an official home inspection — in the end, it’s better to sleep at night knowing these are absolutely no issues with your new home rather than finding out later there is a massive issue. 

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