NH Real Estate News

Why wait for spring? The hustle and bustle of the holidays may be the perfect time to sell your home. Whether it's been on the market for awhile or the "for sale" sign just went up, there are some benefits to opening your home to buyers when the snow starts to fly. Here are 7 reasons why:

1. Supply and Demand: It's the old rule of supply and demand. The number of listings declines in the winter so serious buyers have fewer properties to see... less competition means a quicker, higher sale than might occur in the spring, summer or fall. If you wait until spring to list your home, more and more homes will be added in the mix, creating less demand for your property.

2. Serious Buyers: Potential buyers who are looking for homes in the winter are

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The Gove Group Real Estate has recently obtained our Massachusetts licensure, making us licensed in New Hampshire, Maine, and Massachusetts. We are a local greater-Seacoast-area real estate agency consisting of about 40 sales associates, offering a full suite of home sale services for buyers and sellers alike. We are consistently a leader in selling and marketing homes in Southeastern NH and Maine, and we hope to have a similar impact on the North Shore of Massachusetts.

The Gove Group offers a unique team-based approach to real estate, which works especially well for our specialization in new construction. The company holds the largest pool of new construction inventory in Rockingham, Strafford and York counties, representing roughly 15 different

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Imagine waking up on Christmas morning all settled in your new home, or ringing in 2017 surrounded by your friends and family in your new living room. The holiday season is a magical time for many, and spending it in a new home can make it even more magical. But don't rule out new construction because of the wait... We have a selection of new homes that are complete now, or can be complete in time for you to spend the holidays at home, in your new home.

Why buy new? There are many existing homes for sale that can close quickly and bring you home for the holidays. But new construction offers many things that bring moving or buying a home to a whole different level. For one, there's nothing closer to a move-in ready home than a new home. The builder

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Home sales in Rockingham and Strafford counties fell 6.5% in October and are 6.7% below October of 2015. We believe the stagnant sales figures are the result of the upcoming election in November and anticipate sales to correct themselves once the uncertainty of the election season has passed. Inventory continues to be extremely tight with current housing supply in Rockingham and Strafford counties sitting at just over 3 months.

Average home sales price dipped slightly in October coming in at $309,293, down 5.2% from last month's high of $326,359. Even with the decline, the average sales price is still up over 12% from the same time last year. Even with prices coming down slightly this month, we expect them to continue to stay above the $300,000

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The Gove Group’s Fall Festival of Homes Tour
September 24-25, 2016

This weekend, September 24 and 25, 2016, The Gove Group Real Estate is holding its annual Fall Festival of Homes Tour with over thirty open houses throughout the Seacoast and Southern NH/Maine! The Gove Group’s most desirable new home communities and existing homes will be on display this weekend for you to tour through. 

Despite having over thirty spectacular open houses for you to tour, many of the new home communities we offer are currently out of standing inventory for the open house weekend. However, we welcome you to drive through (carefully) any of the new home communities that have homesites available. Visit TheGoveGroup.com to see the complete list of towns and their new home

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Home sales for Rockingham & Strafford counties continued to climb in August increasing by 5% over July. This marks the first time since 2012 that August sales have outpaced July. August sales year over year also increased by 2.4%. Housing has yet to see the usual fall increase as supply has fallen to a 3.2 months’ supply in Rockingham & Strafford counties. 

Average home sales price has continued to rise for the second month in a row coming in at $315,443 and has now been above the $300k plateau for the fourth month in a row. Sales price increased 2% over July and a substantial 7% compared to last August. We expect the average sales price to remain above $300,000 through the fall market.

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As real estate information becomes more accessible to homeowners, the role of thefull-service real estate agent has taken on new meaning.

Real estate agents have traditionally provided home sellers with a complete service throughout the transaction, from the initial consultation and marketing to showing the home and negotiating with the buyer's agent. But particularly in the last decade, companies and agencies have begun offering a la carte alternatives to full-service agents, giving sellers the opportunity to choose what they need help with, from marketing to assistance preparing for the closing process, while collecting a flat fee for each service.

Amid the rise of a la carte options, full-service agents have in many cases been ramping up and

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What are they? A home appraisal is a very educated guess as to how much your property is worth.

Why are home appraisals important? No credible financial institution will lend you money for a house without an appraisal.

"The appraisal lets a bank or lender know what the loan collateral will sell for in a worst-case scenario," says Bart Jackson, an appraiser in Charleston, South Carolina, who is also a real estate agent with Charleston Preferred Properties, a residential real estate brokerage firm.

In other words, to go with an extreme example, the bank doesn't want to be stuck with a home they lent the borrower a million dollars for but can only sell for $100,000 because that's all it is worth. The homebuyer shouldn't want that either, of course.

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Open houses have always been a staple in a listing agent’s bag of marketing tools and with good reason. In the National Association of Realtors 2015 Profile of Home Buyers and Sellers , it was reported that 48 percent of homebuyers used open houses as a source to gather information in their home purchasing process. To sell your house, you need to give buyers the opportunity to actually spend time in your home, not just look at pictures online.

Creating an effective open house requires careful collaboration between you and your real estate agent. You will need to take into account when the listing is going on the market, where the most effective advertising will be, and how to set up your home so it shows to its full potential. Here are three key things

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Single family home sales for Rockingham & Strafford counties increased by 22% in July to 768 homes sold. The month to month increase from June to July is far greater than the average increase of about 5% during the same time period in the past 3 years although year over year sales for July have decreased by 15% from the peak last year of 906 sales. Currently in Rockingham & Strafford counties there is only a 3.4 months’ housing supply and we have continued to see an extremely competitive bidding market with many listings getting multiple offers within a 48 hour period which has contributed to the median Days on Market falling to just 15 days this month.

 

 

For the third month in a row the average sales price has stayed above $300k,

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