Feb. 2, 2017

READ IF YOU ARE MOVING! 3 Quick Ways to De-Clutter Your Home

 

1. Have a Garage Sale: Before putting your home on the market, think about having a garage sale. There are more advantages than just getting rid of items that are cluttering your home, you'll pocket some extra cash to off-set your moving costs and it will lighten your load on moving day, which could save you even more money!

2. Ask an Expert: Your real estate agent will help you by doing a walk-through of your home to identify any problem rooms or areas that need to be de-cluttered.

3. Use Storage Services: Want a surefire way to make a Real estate Southern NHsmall room look larger? Storage could be your answer. Working with your real estate agent, you should determine which rooms would benefit from furniture storage. By eliminating large pieces, you will be able to open up your floor plan and make your house look noticeably larger!

Nov. 3, 2016

Southern NH Real Estate Lingo

Do you know how closing costs actually work? Or, how you’d use a CMA (comparative market analysis) to evaluate Southern NH real estate? And, can you decipher all of the abbreviations and acronyms, such as FDR, HOA dues and MLS?  There are many Real Estate specific terms and acronyms that can confuse buyers and sellers.

Purchasing or selling a home is challenging enough without having to go through the frustration of decoding all the complicated speak and legalese. If you brush up with a real estate dictionary before beginning your home-buying search or interviewing potential listing agents, you’ll gain valuable knowledge and save yourself a lot of time and confusion in the long run.

Here’s a quick cheat sheet of real estate terms every Southern NH real estate buyer or seller should know …

• ARM – This stands for Adjustable-Rate Mortgage, which is a type of mortgage where the interest rate periodically adjusts.

• BOM – The abbreviation for Back on Market, which means that a property which was under contract is now back on the market (contract fell through).

• Closing – When paperwork is signed by both parties finalizing transfer of ownership of real estate from Seller(s) to Buyer(s).

• Closing costs – These are miscellaneous expenses buyers and sellers pay upon closing; they usually include brokerage commission, escrow taxes, recording fees, etc.

• CMA – This stands for Comparative Market Analysis, which is a report of recently sold, comparable homes in the same market as the home you’re selling.  Agents prepare CMAs to help determine the appropriate listing price for your property.

• Contingency – The standard purchase agreement for NH contains several optional contingencies, or conditions, which must be satisfied in order for the deal to reach a closing.  Inspections and Financing are the most common contingencies, but Short Sale Approval contingencies are far more prevalent than in the past, while Sale of Buyer’s Home contingencies are less common.

• Contract – A fully signed and dated agreement between Seller(s) and Buyer(s) regarding the exchange of real estate for money.

• DOM – Days on Market.  This should be self-explanatory, but remember that it is less important exactly what that number is and more important how it compares to the DOM of recently sold properties.

• FDR – Formal Dining Room

• Fixture – Anything that is permanently attached to the home, such as door knobs, carpeting, light fixtures and landscaping. The seller’s removal of items considered fixtures by the buyer and viewed as personal property by the seller is a common cause of buyer and seller disputes. When in doubt, get it in writing.

• FP or FPLC or FRPLC – Fireplace

• HDWD – Hard Wood Floors

• HOA dues – Dues paid to the Homeowners Association (Lo dues would indicate that the HOA dues are considered to be low for the area – just make sure they aren’t too low!)

• MLS – Multiple Listing Service, which is an organization that compiles multiple listings into one report and distributes it to all of their realty members.

• Offer – The offer to purchase real estate made by an interested buyer.  In some states, there is a separate offer form, but in NH the offer form and purchase agreement are the same form.  An offer does not become a contract until all parties have signed & dated it and been notified of such.

 P&S – Short for Purchase and Sales agreement, or the contract between Buyer(s) and Seller(s) regarding the planned transfer of ownership for the referenced parcel(s) 0f real estate property.

• PSF – Per Square Foot

• Sale price – The actual price at which the property sells.

• SSFSH – Subject to Seller Finding Suitable Housing.  Seller hasn’t yet found a house they are interested in buying and may want any contract they sign to contain a contingency for them finding a home they want within a set number of days or weeks from the contract date.

Don’t let the hectic housing market overwhelm you. If you understand Southern NH real estate lingo, you’ll be more knowledgeable and better positioned to easily achieve your real estate goals.

If you have questions about any of these terms or want help achieving your real estate goals, call us at 603-821-1134 or email us at info@teamheeter.com for more information.

Posted in Real Estate Lingo
Nov. 3, 2016

Renters: Are You Ready to Buy Southern NH Real Estate? Pros and Cons of Home Ownership

If you’re sitting in your apartment right now thinking: I wish I could paint it, but my lease doesn’t allow it, maybe it’s time to talk to a Southern NH real estate agent about purchasing a new home.

However, before you rush off to the store to look at paint samples or, more importantly, sign on the dotted line of any mortgages, consider the pros and cons of buying.

Pros

  1. Financial Investment: Given the gloomy news on foreclosure rates across the country, it is easy to forget that buying Southern NH real estate is also a means of saving and investing.  The money you pay in rent to your landlord goes to your landlord; the money you put toward a mortgage goes toward building equity in your home.
  2. Pride of Ownership: By buying a home, you will be able to paint the interior walls any color, renovate to your heart’s content, put nails in the walls and know that it is truly your territory. As a homeowner, you have a level of control over your environment that renters lack.
  3. Putting Down Roots: Purchasing Southern NH real estate is a commitment to a community, akin to staking a flag in the ground.  You’re not just passing through if you own your own home.  Most mortgages are 15 to 30 years.  Certainly, you can sell before that time is up, but with closing and moving costs and an uncertain market, the era of flipping houses for fun and profit is at a close. Buying your first home may involve considerations on other long-term decisions such as where you want to raise your children.

Cons

  1. Additional Expenses: Even if the mortgage you secure on your home is less than your current rent, home ownership comes with a lot of extra bills.  You may not have considered the cost of yearly real estate taxes, insurance, repairs, and maintenance.  If your water heater dies as a renter, your landlord is required to replace it.  As a homeowner, you’re looking at the time and expense of getting it replaced yourself.
  2. Less Flexibility: Rental leases often include provisions for leaving before the termination of the lease.  So, if you’ve decide to accept a job offer in Paris, while you might lose some money in security deposits, you can sever your connection relatively easily. That’s not the case with a mortgage.  You are responsible for the payment on the mortgage whether you live in your home, rent it out while you’re in Paris or leave it vacant. Buying Southern NH real estate is a serious, long-term commitment.
  3. Less Time: With most apartments, someone else is raking the leaves, shoveling the snow, mowing the lawn, and replacing that broken water heater.  As a homeowner, those duties would fall to you or someone you hire to tend to those issues.

Whether you’re ready to stop renting and buy a home or you need more information before taking the plunge, we can help. Give us a call today at 603-821-1134 or email us at info@TeamHeeter.com.

Posted in Green Living, Renting
Nov. 2, 2016

Fall Maintenance Tips


The change of seasons is always a good time to pay attention to home maintenance. Here are some tips to get your Southern NH home ready for winter.

  • Put away garden hoses and turn off outdoor spigots.If you don’t, the first hard freeze could cause your hoses to burst, or even worse, freeze the water in outdoor pipes. This is a headache you can easily avoid.
  • Clean out gutters. After the leaves have fallen is a great time to do it. While you’re at it, consider installing downspout extensions, which are inexpensive and easy to install.
  • Pick up all outdoor extension cords and check all cords for potentially dangerous nicks or frayed spots. Store extension cords neatly in the garage or basement. Extension cords are for temporary use only.
  • Find those air leaks. To find leaks in your Southern NH home, turn on all of the exhaust fans in the house (including any kitchen fans that vent outside), and put the clothes dryer on the air dry setting. Then, light an incense stick. Use the smoke to detect drafts around windows, doors, and other gaps so you know where to caulk.
  • Check around the furnace. Before you turn it on, make sure no flammables (like paint, turpentine and sealants) are being stored near the furnace. These create a fire hazard. While you’re there, go ahead and change the filter before heating season.
  • Clean the filter in the hood of your kitchen range. You can just throw it in the dishwasher, and it’ll be as good as new.
  • Check the toilet. Put some food coloring in the toilet tank. If the water in the toilet bowl changes color without flushing, your toilet is leaking and probably needs a new flapper or other seal.

For more handy tips like these for your Southern NH home, subscribe to our blog. It’s free!

Posted in Home Maintenance
March 25, 2010

10 Ways to Conserve water in your Southern NH Home

You’re ready to dip your toe into the “green” ocean by adding a few environmentally-friendly features to your Southern New Hampshire home and taking a “greener” attitude toward the way you live.  Whether you’re doing this strictly to help the planet, to save money or a combination, implementing water-saving systems and habits is a good place to start.

Here are 10 ways you can conserve water in your Southern NH home:

  1. Plant landscaping that requires minimal watering. In the U.S.A., up to 1.5 billion gallons of water are wasted daily watering yards.  If the landscaping project is too expensive or time consuming right now, the next four tips give you easier-to-implement ideas for conserving water in your yard.

  2. Water your lawn only when it truly needs it. Walk across the grass to test if your lawn needs water.  If you leave footprints, it’s time to water.
  3. Water your lawn in the early morning. Up to 30 percent of the water can evaporate when you water midday.
  4. Set your lawn mower one notch higher. This makes your lawn more drought-tolerant.
  5. Buy a rain barrel. Save rain water to water your lawn and garden.
  6. Clean your concrete slabs with a broom. Especially in the summertime, many people spray their concrete driveways, sidewalks or patios with water to clean them.
  7. Wash your car using a bucket of water. Or, use a commercial car wash that recycles water.  Call around to find one in your area that recycles water.
  8. Wash full loads of laundry and dishes. Use your water-saver cycle.  Scrape, rather than rinse, dishes before loading into the dishwasher.  Consider purchasing a high efficiency washing machine which can save over 50% in laundry water and energy use.
  9. Check for water leaks. Promptly fix any you find.  Check your water meter before and after a two-hour period when no water is being used.  If the meter changes at all, you most likely have a leak.
  10. Keep a bottle of water in the refrigerator. Don’t waste water waiting for it to run cold from the faucet.  When your faucet runs for 5 minutes, it uses about as much energy as letting a 60-watt light bulb run for 14 hours.

If you implement just a few of these suggestions, you’ll save one of our most valuable and scarce resources, and you’ll also save money.

If you’d like to buy an eco-friendly Southern New Hampshire home, we can help.  Give Heeter Home Team a call today at 603-821-1134 or email us at Info@TeamHeeter.com.

 

 

Posted in Green Living

Posted in Green Living