186 Iron Kettle Road, Warner, NH 03278 | Offered at $749,000 | MLS #5040423
For More Information Contact:
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Donna ForestAssociate BrokerM 603-731-5151
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The good news for buyers is the number of NH homes for sale is up 7.5% thru March compared to 2023. However, it is still a seller’s market as the demand for housing continues to exceed supply. The median selling price is up 7.4% at $510,000 vs. $475,000 in 2023. Homes sold at 99% of their asking price with an average of 41 days on the market, 9 days more than last year.
A more local snapshot from the 8 towns in our area shows that sales jumped 29% thru March, 48 solds vs. 37 solds in 2023. The median sales price increased 12.5% to $494,950 ($440,000 last year). Homes are selling around 100% of the asking price with an average of 44 days on the market.
You may be wondering if the volatile stock market or the potential for recession will lower home prices. Historical data doesn’t support this. Home prices usually follow whatever trajectory they’re already on. According to Cotality, home prices went up in 4 of the last 6 recessions. Also, a drop in the stock market doesn’t mean home prices go down. The stock market is more volatile. Home values tend to hold steady, even when stocks dip. And during 4 of the last 6 major stock declines, home prices actually went up.
Contact me if you want to know how current market conditions impact your buying or selling goals.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Buying a new home before selling your current one can be tricky. It usually requires having enough cash on hand and possibly managing two mortgages at once. While it's a challenge, here are some strategies to explore.
- List your house for sale subject to finding suitable housing - usually done with a time limit on how long you would have to find a new home.
- Sell your house with the contingency of leasing it back for a set period of time.
- Use the home equity from your current house.
- Take a loan out from your 401(k).
- Obtain a bridge loan.
There are pros and cons to these options and it's important to understand the financial impacts of each by talking to both your financial advisor and your Realtor.
Whether buying or selling, contact me to work with a Realtor® who can help you find the best option.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Retiring? Not me! I love my job and my team too much to retire! The challenges (new every day) and successes, the laughs and the mutual support keep me engaged and committed to providing the best buying or selling experience to our clients. It is fun and productive to share my nearly 40 years of experience with our team. Also, I so much enjoy having the opportunity to show newcomers the richness of our area. It’s a wonderful place that we live in, and it is so much fun to be continually reminded of that by seeing it freshly through the eyes of others. For me, the most important things in life are family, friends, traditions, community, and having a job that you love.
TESTIMONIAL: “Marilyn is professional, responsive, organized, calm and kind - all attributes I needed and valued. She definitely goes ‘above and beyond’. Her knowledge of the area is unsurpassed. There is no question that I would recommend Marilyn to friends who are interested in purchasing real estate in and around New London.” ~ Buyer, New London
Dreaming of warmer weather? Book a summer rental! Call Joan or Deb today for the best selection of dates and properties. Or visit our rental page!
The housing market is picking up. Most experts agree that spring is definitely the best time to sell. However, navigating today’s real estate market is challenging. Reach out to take advantage of our accumulated vast local expertise, experience, and insight.
We’d love to make YOU our next success story!
We also want you to know… to The Best Team in Town, YOU Are #1!
BACKGROUND: I grew up in Claremont with my parents, four sisters and many aunts, uncles and cousins. I still enjoy many friendships made during my childhood. I also met my husband, Harry while in high school, started dating at 15 and 17, and have been together since. We were married in 1978, built our first home soon after, which eventually led to the start of our family business, Snow Building Construction.
We have 3 sons now married with children, working in the family business and all living in New London. How lucky I am to have my family so close by!
REAL ESTATE: I decided to get my Real Estate license in 1998, thinking that was a natural
progression from my exposure to the building process. I have been working with The Milestone Team ever since and enjoy working with both Buyers and Sellers, helping them to realize their goals in homeownership.
TESTIMONIAL: “Jane Snow is a realtor who gives her all to customers seeking their perfect property. Knowledgeable, caring, and professional, you can't go wrong with Jane.” ~ Buyer, New London
FAST FACTS: I grew up in Brookline, MA, attended Hobart & William Smith Colleges and graduated from Boston University. After teaching at Colby-Sawyer College (then Colby Junior) I started a 25-year career in the ski industry. I was Ski Patrol Director at King Ridge for 10 years, also handling their marketing and public relations. For the next 15 years I held various management positions at ski resorts in Vermont and New Hampshire. I’ve been at Milestone Real Estate working with clients and customers in rentals and sales for the past 27 years.
INTERESTS: I continue to ski as much as possible and have visited more than 70 areas nationwide. Cross country skiing and snowshoeing with my dog are also fun winter pastimes. In summer I enjoy water sports, golf and hiking. Spending time on Martha’s Vineyard, where my family has a home, is a big part of my life.
FUN FACTS: I started a softball team in New London in the 1970s and there are still a few women around here who played on that team. Writing for a couple of regional and national ski publications is a fun sideline. As I sit at my desk in my home office, I look out at a spectacular view of Mt. Kearsarge!
I am happy to help with all your real estate needs - whether selling, buying, or renting.
TESTIMONIAL: “Joan Wallen is terrific! She has been our manager for years and has done an excellent job! With her experience in real estate, she’s kept everything running smoothly, and we thank you Joan! Joan is extremely personable and professional, and my brother and I highly recommend her.” ~ Owner, New London
The post "Making Necessary Repairs Before Listing Your Home" appeared first on Better Homes and Gardens Real Estate Life.
Taking care of repairs before putting your house on the market can help you attract more buyers, get top dollar for your home, and avoid lengthy and costly negotiations over needed fixes.
Roughly 43% of Better Homes and Gardens Real Estate® agents say that a wow-worthy exterior makes the best first impression. It follows, then, that your home’s interior should also be “picture perfect” before listing.
If you’re getting your home ready to sell, consider first repairing anything that takes away from your property showing in the best possible light.
Wondering where to start? Repairs are easier to take on when you begin with a clean and decluttered home, so give your house a good tidying up or call a professional to do the job. Then, give away, sell, or throw away anything you don’t want or need. Next, it’s time to address repairs.
Be proactive in assessing your home for potential issues that might turn off buyers. And, fix problems before photographing your property. Remember, even if buyers don’t notice a particular cosmetic (or larger) concern, a home inspector likely will. So, ask your agent for advice on taking care of any flaws that might hinder the sale of your house.
Buyers typically don’t want to deal with repairs before or immediately upon moving in. You can attract buyers to your property by presenting a well-maintained home in move-in condition.
Why Tend to Repairs Before Listing
Below are some reasons to take care of repairs before putting your home on the market.
Increased appeal – Homes in good condition are more attractive to homebuyers, especially first-time buyers who might not want to take on costly (or lengthy) repairs before moving in. Minimizes negotiation points – Address repairs before listing to reduce the chance of buyers negotiating for price reductions or credits. Quicker sale – Move-in ready homes usually sell for more than those where the buyer needs to make repairs.
Top Overlooked Repairs That Hinder a Sale
Jessica Poulos, broker and owner of Better Homes and Gardens Real Estate Northwest Home Team says two categories of repairs could hinder a home sale.
Deferred maintenance – Letting maintenance and repairs slide on your home’s major systems and structural components will likely turn buyers away. Ensure you’re on top of roof cleaning and repair, gutter cleaning, plumbing leaks, HVAC service, significant cracks in walls and ceilings, and exterior painting. Unkept or dirty areas – Buyers notice when a home isn’t clean and tidy. It doesn’t take much effort to fix and spruce up dirty windows, flooring that needs cleaning or repair, broken or old cabinetry, and damaged kitchen and bathroom tile.
Types of Repairs to Consider Before Listing
Do a full home walk-through before listing to document the areas that might cause buyers to pause (ask your agent to help you uncover what might break a sale for a buyer). Repairs worth considering before putting your home on the market include:
Foundation cracks – Fix small and large cracks in your home’s foundation. If buyers don’t notice these repair issues, be assured that their home inspector will. Roof issues – Take care of missing or damaged shingles and tiles, torn flashing, and roof leaks. Electrical problems – Fix broken outlets, switches, and fixtures (and modernize them while you’re at it). Flooring issues – Repair cracked tiles and refinish scratched floors. Fix loose floor tiles and floorboards. HVAC problems – Ensure your air-conditioner and heater function properly (HVAC systems needing repair are especially noticeable during extremely cold or hot months). Plumbing leaks – Repair leaky faucets, toilets, and pipes as well as any areas that may have water damage due to leaks. Cosmetic concerns – Touch up paint on walls and cabinets, fix broken cabinet hardware, and repair cracks in walls and ceilings.
Tips for Getting Your Home Ready to Sell
Benjamin Smail, an agent with Better Homes and Gardens Real Estate The Good Life Group in Omaha, Nebraska, shares three important tips for getting your home ready to sell:
Touch up paint on walls and trim with the correct color and sheen. For just $100 in paint and a day’s work completing touch ups, you can shift a buyer’s thinking. Eliminating the perception that a house needs a full paint makeover prevents buyers from deducting $5,000 to $15,000 of value from a home. An unkempt home can cost thousands of dollars in buyer enthusiasm. A buyer doesn’t feel warm and fuzzy purchasing a home from a seller who doesn’t care enough to clean it well and prepare it for sale. Every room should have the right number of possessions, positioned in the right places. Too many items are overwhelming. Too sparsely decorated and the room feels abandoned and sad. As a last resort, a completely empty space is ok if clean and well kept.Are you looking to sell or buy a new home? Let Better Homes & Gardens Real Estate® walk you through the process.
Source: Better Homes and Gardens Real Estate Life
Based on a recent Realtor.com report, April 13-19 is the ideal week to list your home! This week stands out because the demand is higher this time of year. With mortgage rates stabilizing, more buyers are returning to the market. Since there are more active buyers, who are eager to be settled into their new homes by summer, there is a good chance for a faster sale.
Reach out to take advantage of our accumulated vast local expertise, experience, and insight. We’d love to make YOU our next success story!