If your home is on the market, it might be useful for you to be aware of the following statistics regarding Home Buyers. The source of this information is the 2009 National Association of Realtors Profile of Home Buyers and Sellers.
Active home search (median):
- Number of weeks searched: 12
- Number of homes seen: 12
First-Time vs. Repeat Buyers:
- First-time buyers: 47%
- Repeat buyers: 53%
- Median age of first-time buyers: 30
- Median age of repeat buyers: 48
Buyers who definitely would use same agent again: 81%
Actions taken as result of Internet home search:
- Drove by/viewed a home: 77%
- Walked through a home viewed online: 61%
- Found agent used to search/buy home: 28%
Information sources used in home search:
- Internet: 90%
- Real estate agent: 87%
- Yard sign: 59%
- Open house: 46%
- Newspaper ad: 40%
- Home book or magazine: 26%
Source: 2009 National Association of REALTORS® Profile of Home Buyers and Sellers
One of the things which has the most impact on our market is what is going on in states from which many of our buyers come. That’s why it was exciting to see a couple of articles in RISMedia at the end of June which was reporting increased sales of single-family homes in Connecticut and Massachusetts. These sales were up about 39% in Connecticut and about 37% in Massachusetts in May 2010. As reported in one of the articles, this was “…the sharpest increase in sales year-over-year for the month of May in more than two decades…” from the latest report by The Warren Group, publisher of The Commercial Record. Some of this increase was certainly attributable to the First Time Home Buyer Tax Credit, but the Warren Report also expressed the opinion that pent-up demand from buyers who had been delaying buying a home because of concerns about the economy or job security had also added to the surge. A good number of the buyers in our area-for retirement, vacation, or even relocation-do come from Connecticut and Massachusetts. This news would indicate that these buyers may be feeling more confident about pursuing purchases in New Hampshire and that will be good news for sellers. Source of Information: a Regional Spotlight article posted in RISMEDIA, June 30, 2010 and June 25, 2010
Make your appointment today to see this comfortable cape nestled in the trees in the Eastman community. 3 bedrooms, 2 full baths. Visit www.3Slalom.com.
Enjoy one floor living in this spacious, 3,300+ sq. ft. ranch on 2.26 acres. Sunny and light with pleasant views. Close to schools and shopping. Visit www.131RowellHillRd.com for more photos and details.
Sunny 3 bedroom cape set back from the road can enjoy even more room by finishing off the basement or bonus room above the garage. Oak cabinets, pantry, garage--all on 3.10 acres. Visit www.56Southgate.com for photos and details.
You'll want to pack your clothes and move in once you see this attractive cape in Wilmot on 28+ acres. Views of Mt. Kearsarge, nicely landscaped. For more photos and details, visit www.287CampgroundRd.com.
Not all remodeling projects deliver the same bang for the buck when it comes to resale. If you are planning to sell soon and think that renovations will increase the value of your home, then some research might be in order. Studies suggest that most renovation projects do increase the price of a house; however, the increase is typically less than the cost of the project. Generally, a homeowner will experience a return of 75% to 80% on the dollar at resale. Some of the more cost effective improvements are major kitchen upgrades, bathroom remodeling, and anything that adds square footage. Keep in mind that the cost recouped will also be affected by the quality of finish and even the type of neighborhood and local conditions.
Probably the biggest advantage that remodeling has is the fact that it increases the appeal of your home to buyers. A gleaming state of the art kitchen with granite countertops and bathrooms with tile and glass can sell a house more quickly than a home with an outdated kitchen and harvest gold appliances. Particularly in this market, that is the goal, to make your home stand out from the competition.
More pertinent information can be found at:
Located in North Sutton, in the New London/Lake Sunapee area of New Hampshire, and just 10 minutes down the road from New London, is this wonderful 18th century historic homestead with restored farm buildings and a Bicentennial working farm, tucked away off the beaten path. On its 250 acres of fields and woods, there are fruit, flower and vegetable gardens, seasonal events, hiking, ski touring and snowshoeing. The Farm is open daily, year-round. From their web site, “The Musterfield Farm Museum was established for educational purposes to promote and encourage the history of New Hampshire agriculture and early architecture.” Its four major attractions include the Matthew Harvey Homestead, which is listed on the National Register of Historic Places; a collection of historic farm buildings; a working farm; and a superb, scenic location between Mount Kearsarge and King Ridge. Throughout the year, there are a number of events held which highlight the rural traditions of New Hampshire agricultural life. These events are entertaining and fun and suitable for all members of the family. Similar and perhaps of interest might also be the New Hampshire Farm Museum which is located in Milton, where visitors “…can observe actual farm life skills and practices of the 1890s with guided tours.” Visit their site at: NH Farm Museum Also the Stonewall Farm: a Working Farm and Educational Center which is “…dedicated to promoting the importance of local agriculture and the stewardship of natural resources.” Stonewall Farm Visit their website at: Muster Field Farm MuseumEssay writing is an important aspect to any students’ education and is required at every level whether you are attending high school, an undergraduate program, or graduate program.
This is the home for you! Quaint gambrel in idyllic, private setting on 57+ acres with your own pond. 3 bedrooms plus guest/in-law quarters. Screen porch overlooking the meadow. Wildlife abounds! Visit www.139WebsterPass.com for photos and details.
This attractive, log-sided cottage has a private, woodsy setting with a small beach just steps away from the door. Nice water views from the screened porch, kitchen and dining/living room. Visit www.22ChasePond.com for more details and photos.
