NH Real Estate News

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

48 Views, 0 Comments

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.

85 Views, 0 Comments

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

41 Views, 0 Comments

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,

38 Views, 0 Comments

  State personal income grew 1.0 percent during the first quarter as 22 of the 24 industries the BEA tracks posted gains during the quarter. Healthcare, construction and technology fueled growth in the first quarter.   Incomes Rose Across Most Industries and Regions State personal income grew at a 1.0 percent pace during the first quarter, matching the pace from the fourth quarter of last year. Earnings grew in 22 of the 24 categories tracked by the Bureau of Economic Analysis (BEA), with healthcare, construction and professional, scientific & technical services making the largest contributions to earnings growth.   Earnings in healthcare rose in every state and made a disproportionately large contribution in slower growing states, such…
56 Views, 0 Comments

Real Estate at the State House, 2016 in Review

Courtesy of an article published by the NH Realtors, Government Affairs 

There was no shortage of bills pertaining to the real estate industry in 2016, and your Government Affairs team was working hard to advocate on behalf of New Hampshire's property owners and your business. Below are a few of the more significant pieces of legislation that NHAR had its collective eyes on this year. 

What passed out of the legislature ...

Radon in the Water

Senate Bill 311: NHAR worked with the NH Department of Environmental Services (DES) for over a year and a half in an attempt to alter the state's strictest-in-the-country guidance on private wells with radon in the water. This bill

68 Views, 0 Comments

Gina O'Keefe has recently joined the Gove Group team!

The Gove Group is proud to welcome Gina O’Keefe to our team of successful Realtors. While new to the real estate community, Gina brings a wealth of professional experience to the table, and an impressive base of business clients in southeastern New Hampshire and the North Shore of Massachusetts. She is a Notary Public and has overseen real estate transactions throughout her professional career.

Raised in Lynn, Massachusetts, Gina had lived in Maine, Vermont and New Hampshire, before settling in Epping, NH in 2007. She is a true New Englander. She earned her Bachelor of Science in Psychology from Lesley University in Cambridge. Her business experience in marketing, human resources, executive

142 Views, 0 Comments

The Gove Group is proud to welcome Hank and Candus Cavaretta, an experienced husband-and-wife Realtor team, to our Stratham office!

Candus and Hank Cavaretta are a husband-and-wife team, both experienced New Hampshire Realtors. Together they specialize in single family residential, condominium sales, luxury waterfront properties, vacation/second homes, as well as residential leasing. Candus and Hank bring knowledge, experience, integrity, and professionalism to every transaction.

As a native to the Seacoast area, Candus Cavaretta is very familiar with the local communities. She has resided in Portsmouth for the majority of her life, raised two sons and actively participated in the Portsmouth school system. Candus was a military dependent and

135 Views, 0 Comments

The Gove Group is proud to announce two of our latest subdivisions have sold out !!!

The Cottages at Spruce Wood - 14 Homesites offering maintenance free, single level living options for 55+ buyers, located in Durham, New Hampshire. Homes were priced from the mid $200’s to high $300’s. 

As well as many of our other new home communities, Spruce Wood was built by Chinburg Properties. Chinburg Properties is a fully integrated development and construction firm with over twenty years of experience in New Hampshire and Maine. Although this subdivision has been sold out, we have many other high quality new home communities you are able to look through! View our other 55+ communities here.

For more information on high quality Chinburg Properties and

103 Views, 0 Comments

Although home sales this month increased by 39% over the month prior, that is only a slightly better uptick than we usually see month over month for April to May. Even with that increase in home sales this month, total sold this May versus last may decreased by 19%. A large part of this modest decline is the lack of current inventory on the market. As of right now there is only a 3.5 months’ supply of housing in Rockingham and Strafford counties and that number has been on a downward trend. We only expect this number to continue to decrease in the coming months as there are currently 1,345 single family homes in Rockingham and Strafford County currently under agreement and only 1,673 active single family listings. We have reached a point where many towns

170 Views, 0 Comments