New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

This is a 14 month history of the Hampstead real estate market. Statistics are from NNEREN

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

Sometimes when you buy a bank owned home you might actually close on the home and not get the keys or be able to move in.

Karen Kelley from Brokers Title and Closing company explains on the Verani Blog why there are so many delays when buying a bank owned home.

Foreclosing banks are located all over the country, and they hire asset management companies to assist them with their huge inventory of foreclosures. The asset management companies, who are also not generally local, hire more local firms to coordinate the closings. Because of this multi-layer process and the time zone constraints, delays in closing are typical of these transactions. The local firms require at least a 48-72 hour HUD review prior to closing, and will not allow deed recording nor possession of the property until the HUD is approved by their client, the foreclosing bank.What does this mean for you, the buyer? Read more…

If you are financing your purchase, your lender must give a “clear to close” and send us a closing package so that we may prepare the HUD settlement statement and send it to the closing firm within their required timeframe. Even if the HUD statement is sent to these folks within the timeframe required, they will not guarantee their client, the foreclosure bank, will approve the HUD the day of the closing. This often results in you, the buyer, signing your documents in “escrow” pending final approval of the HUD. An escrow closing means that the deed cannot be recorded nor possession granted until the approval is received.

Broker’s Title & Closing, LLC is committed to providing exceptional customer service and has extensive experience and expertise in closing these foreclosure properties. We want to prepare you with knowledge of how these properties work and make sure the expectations are clear on the process of purchasing a foreclosed property. We will work diligently with the local firms providing constant communication throughout the process to ensure the smoothest, most successful closing process possible.

Call Jay or Monika…. Now

If you’re in the market for a bank owned home and want to take advantage of the Tax Credit which expires on April 30 2010…call us NOW or it will be too late!

Call Monika at 603-548-7728 or Jay at 603-548-7685

Confused about the Tax Credit…watch this short very humorous video form WAHomeownes.com

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

19 Autumn Street Danville NH a 3,000+/-  sq ft Colonial style home with 3 bedrooms, 2 car garage on over 2 acres of land. The home boasts hard wood floors,fire placed family room, formal dining room and living room, 3rd floor rec room with wet bar. Come take a look at the Bank owned home….you’ll be pleasantly surprised!   $307,000
Contact Jay or Monika McGillicuddy for your private tour at 603-548-7685

Video walk through

Virtual Tour

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

You may have heard about or lived through WindStorm 2010.  The  Storm came in late on Thursday, February 25 th and many people in New Hampshire lost power, which meant that they had no heat or running water.  We were lucky to only have been without for three days but some people we know are still out today a full six days after the storm hit.

On Monday, March 1, Jay and I took a ride to the beach. We had heard the reports of the fire that leveled the Surf Hotel and surrounding business and wanted to see it for our selves.

The damage is incredible but thankfully no one got hurt!

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

NH Wind Storm 2010

On Thursday night February 25, 2010 New Hampshire was hit hard by a wind storm.

The wind knocked power out to most of New Hampshire, in fact the Governor of NH declared a state of emergency.  The town we live in was out for days.  Jay and I got power back after nearly 3 days without on Sunday night.  We were lucky as some in NH are still without.

We were able to stay in our motor home which has a generator and a gas fired furnace. It did not have running water, nor is it insulated or set up for cold weather so as you can imagine it was a difficult time but at least we were warm and could cook.

I took a few pictures of the storm to share with you. The storm will go down in NH history as it was “wicked windy” and like the ice storm of 2008 effected many in NH.

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

The State of New Hampshire has a new Emergency Preparedness website which I didn’t know about until I  saw it today via a tweet on Twitter. Check it out as it’s full of good advice and suggestions just in case there ever is an emergency.  The website can be found by clicking this link >>>> Ready NH

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

Good new in the southern NH real estate market! The New Hampshire Association of REALTORS just released their monthly market statistics and it was well worth the wait.

Homes sales increase

Units (homes)  Sold – Jan 2010 Rockingham County Residential units sold are up 20% from Jan of 2009.  This month to month comparison shows a significant increase and while it’s way too early know for sure all indications are very positive.

Rockingham County Median Sales Price Jump

Rockingham County Median Sales Price jumped  9 % compared to  Jan 2009! This is exciting news as the last time we saw an increase in NH for a single month over the same period from a year prior was in November of 2007.  While one month can not define what is happening in the NH real estate market it sure makes us all feel very good as we enter our spring market.

Statewide totals all increased as well…Yippee!

Jan 2009 compared to Jan 2010 at 16.5 % increase in Units Sold Statewide.

Jan 2009 compared to Jan 2010  a 7.5 % increase in Median price!

Thinking about buying a home and worried about taking advantage of the Tax Credit give us a call… I know we can help you!

Blooper alert… I meant to say market report for the end of January 2010 not 2009 as I stated in the video

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

Exciting news! For the first time in five years we can actually say we closed out the year, ahead of the previous year!  2009 year end state wide unit solds came in ahead of 2008 by 6 percent.

According to data released by the New Hampshire Association of REALTORS (NHAR) there were 10,832 single family homes sold in NH in 2009 that is up from the 2008 total of 10,208.

While sale prices still lag behind 2008 with a decrease of 10% bringing the median sales price in 2009 to $212,000 compared to 2008 figure of $235,000.   The tax credit continues to be an attractive incentive and along with competitive home prices and low interest rates we’re expecting a very active NH spring market.

17% increase in Units Sold

January  2010 state wide unit solds in comparison of January 0f 2009 show a fantastic 17% increase! If you’re thinking of buying or selling and want to take advantage of the Tax Credit give us a call and we can chat about your options.

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

Most people think they have plenty of time or that the tax credit will be extended again. But it’s highly unlikely that it will and the clock is rapidly ticking!

April 30 2009 is the deadline to be in contract

You need to be in contract by the end of April and that is a very short two months away!  If you’re looking to buy a home and want to take advantage of the tax credit call me!

Monika McGillicuddy, NH REALTOR

603-548-7728
Don’t wait… low interests, plentiful inventory and the tax credit makes it a perfect time to buy.

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685