Blog :: 2014

Town Spotlight: Greenland NH

Greenland, New Hampshire is the closest thing to a suburb of beautiful riverfront Portsmouth as there can be. Set along Great Bay, this charming town is a very popular residential area with buyers flocking to take advantage of the low property tax rates (2014 tax rate is $15.92) and convenient location.

The location of the town itself is one of the main selling features. In less than fifteen minutes you could be on I-95, Route 101, Pease Tradeport or in downtown Portsmouth! The easy access to everything makes Greenland one of the most sought after communities in Seacoast New Hampshire. Most of the commerce within the town of Greenland is local business, although some international stores such as Target and Lowe's call Greenland Home.

Real Estate in Greenland NH

Due to the proximity to downtown Portsmouth and Pease International Tradeport, homes in Greenland tend to command a higher sales price than many other towns in Rockingham county of similar size and population. Much of the inventory on the market currently in Greenland is new construction, whether in a large neighhborhood or a small cul-de-sac just off the major routes. The sweet spot of the market seems to be from $300,000 to $500,000.

Click here to Search for Homes for Sale in Greenland NH

Number of Homes on the Market TODAY - 61

Average LIST Price in the Last 60 Days - $357,100

Average SOLD Price in the Last 60 Days - $347,357

Number of Homes Sold in the Last 60 Days - 95

 

*Image courtesy of nhpr.org.

 

Great Fixer Upper in New Castle NH Newly Listed!

Welcome to 3 Oliver Street!

Set on one of New Castle's most popular streets, this charming fixer upper has great potential. Many search for real estate in New Castle that they can make their own... here it is!

Features include:

  • Large fenced yard
  • Detached 1-Car Garage
  • High Ceilings
  • Cozy Fireplace with Custom Mantel
  • Wide Wood Flooring
  • Original Period Details and Trim
  • Tons of Warm, Natural Light

Click here for more details on this lovely New Castle NH home!

The Do's and Don'ts of Obtaining a Real Estate Mortgage

During the process of a home buyer's loan there are certain things to be aware of that could impact the loan transaction. During the loan approval process, the borrower's credit history, income and assets are verified for the initial approval and often times just before the loan closing. So here are some Do's & Don'ts to make home buyers aware of to help ensure closing:

DO:

  • Tell the mortgage planners of all debts and liabilities
  • Keep credit accounts current - such as existing mortgages, car payments and credit cards
  • Contact the mortgage planner before changing jobs, leaving your current job or becoming self-employed
  • Retain copies of all paycheck stubs and any statements on bills being paid off during the loan process

DON'T:

  • Authorize any inquiries into your credit (that is, don't apply for any financing including charge cards, appliances, vehicles or charge a large amount on an existing credit card)
  • Close any open accounts
  • Co-sign a loan for anyone else
  • Sign up with any credit repair or 'consolidation' companies
  • Spend money that has been set aside for closing
  • Make large account deposits into a bank account outside of payroll or gift funds

Article Courtesy of

Scott McCauley, Mortgage Planner

Regency Mortgage Corporation

Phone: 603.610.8852

Email: scott.mccauley@regencymtg.com

NMLS #174108

Licensed by New Hampshire Banking Department, NMLS # 1938

 

Town Spotlight: Dover NH

Known as 'The Garrison City', Dover is home to approximately 30,000 people and is located in Strafford County, New Hampshire. The Cocheco River winds through the city, setting the scene for a charming downtown complete with updated millyards, beautiful brick buildings and an abundance of thriving small businesses.

Location, Location, Location

Dover is a desirable homebase for residence and commerce alike. Residents love the proximity to major commuting routes (the Spauding Turnpike travels through Dover) and its accessibility to dining, shopping and everything else that suits a busy, active lifestyle. The arts scene is vibrant with local music and studios and there is always something going on whether it be the annual Apple Harvest Day or a 5K road race through the city. As home to The Children's Museum of New Hampshire and Henry Law Park there is plenty for children to do in town as well! Public transportation in Dover is a breeze. The Amtrak Downeaster train stops in Dover giving passengers a direct line to Portland, Maine and Boston, Massachusetts.

Real Estate in Dover NH

The real estate market in Dover is always healthy with a very versatile cross-section of homes available. Homes in Dover NH that are currently on the market range from a two bedroom mobile home under $40,000 to a 19 room, 17 acre estate, Three Rivers Farm, currently priced at 3,999,000. The homes along the Cocheco waterfront are beautiful and there are also many great little neighborhoods throughout the city. Rentals in Dover are also very active with apartments in the Cocheco Mills and all over the downtown area.

Number of Homes on the Market TODAY - 205

Average LIST Price in the Last 60 Days - $277,682

Average SOLD Price in the Last 60 Days - $274,111

Number of Homes Sold in the Last 60 Days - 82

 

Portsmouth NH Restaurant is Back in Action

After a few months of renovation The Rusty Hammer in Portsmouth NH is cranking again! After officially opening in mid September, "The Hammer" has been up and running for over a month. Of course, we have to go visit our neighbor across the street!

We were so excited to see the new look. The downstairs portion of the restaurant has been compacted into a smaller space and updated with a cool bar and open feel. The second floor at The Rusty Hammer, which was previously used as a function room, has been converted into a second dining room with its own bar. It is warm, cozy and beautiful!

The food is exactly as you remember it! There are so many restaurants in Portsmouth, but this is an institution. When news hit that the restaurant was being sold and changes were being made, lovers of The Rusty Hammer made their opinions known about menu changes and Ryan and Crystal Cronin responded perfectly. Much of the staff returned, including kitchen and waitstaff and the menu is just right. A condensed version of Rusty Hammer favorites and some new additions. It is delicious!

Give The Rusy Hammer in Portsmouth NH a try and stop by across the street to say hello!

 

What is Title Insurance and Why Do You Need It?

Sounds boring, doesn't it? Title insurance isn't the most exotic topic, but it's one of those things you just need. A home with a title issue could turn into a major headache and may have serious consequences.

So, What is Title Insurance?

Title insurance protects lenders and owners against title issues tied to your home. There are two types of title insurance - a Lender's Policy and an Owner's Policy. When obtaining a mortgage on a home, most lenders will require that a Lender's Policy be purchased. This type of coverage protects only the lender, not the borrower, on their investment. The Lender's Policy does not cover equity in the property and will not pay legal expenses if there is a problem. Only an Owner's Title Insurance Policy will protect the property owner from defects in title that could have a significant impact on the interest in the property.

If you are not financing the purchase of your home, an Owner's Policy becomes that much more valuable. Far less expensive than lawsuits and legal advice, the one time Owner's Title Insurance premium is simply the best protection for you and your heirs against the unforeseen.

Why Is Title Insurance So Important?

There are several hidden risks that make title insurance a necessity when purchasing a home. Our friends at Signature Escrow and Title Services identify the top hidden risks as:

  • Undischarged Prior Mortgages
  • Improperly Signed Documents
  • Tax, Current Use, or Mechanics' Liens

These are the most common risks that may exist but they are certainly not the only ones. Clerical errors, fraud and missing heirs are among just a few of the other potential problems that could pop up. Taking care of these issues during or after the purchase of a home could be incredibly expensive and a huge headache. Not only could it affect your interest in the property (which is a big enough concern) but if you want to sell your home marketability could be at risk.

Click here for more information on Title Insurance

 

 

 

Town Spotlight: Exeter NH

Exeter, New Hampshire is a charming town located in Rockingham County, just west of the Atlantic Ocean. With a thriving downtown and incredibly easy access to Route 101 and I-95 (two of the major commuter routes in New Hampshire), Exeter is a very popular destination for homebuyers.

Phillips Exeter Academy

Exeter is home to Phillips Exeter Academy, an internationally renouned university-prepatory school for boarding and day students. Founded in 1781, Phillips Exeter is known worldwide for its academic, athletic and cultural programs. Students from all over world attend PEA creating a very diverse culture that spills into the downtown area. Sitting at a coffee shop downtown on any given day you see students walking through town or holding study sessions at the table next to you. It's a very vibrant atmosphere that gives you that warm and fuzzy feeling!

 

 

Great Location on the Seacoast

Exeter is centrally located between some of the best parts of the New Hampshire Seacoast. It is just 10 miles to the Atlantic Ocean and 17 miles to downtown Portsmouth. Route 101 and I-95 are both just minutes from Exeter, making a commute into Boston, Manchester or Portland, Maine quite easy. Whether you want to work or play in New Hampshire, it's all easy to do from the beautiful town of Exeter!

 


Real Estate in Exeter NH
Since Exeter is one of the more popular towns in Rockingham County, real estate is always in high demand here! SAU 16 is a popular school system, which contributes to the higher amount of buyers in the town. There are several different types of homes available in Exeter: older, historic in-town homes within walking distance to downtown, newer (or new construction) homes on the outskirts of downtown in neighborhoods and a few condominium communities and manufactured home communities.

Number of Homes on the Market TODAY - 153

Median LIST Price in the Last 60 Days - $298,486

Median SOLD Price in the Last 60 Days - $293,276

Number of Homes Sold in the Last 60 Days - 64

Telluride by the Sea Starting in Portsmouth Friday

Film lovers have something to look forward to this weekend when Telluride by the Sea Film Festival arrives in town! Now in its 16th year, The Music Hall's historic theatre at 28 Chestnut Street will host this year's event. Six films that have recently debuted at the Telluride Film Festival in Colorado will be shown over the course of three days.

Movies aren't the only events in Portsmouth this weekend in connection with Telluride by the Sea. The fabulous dining scene in Portsmouth plays a role (get it?!) as well with a Patron Passholder brunch Sunday afternoon at The District and a wrap party at the Portsmouth Brewery.

Here are the partculars!

Friday, September 19th - Sunday, September 21 (ALL DAY)

Tickets range from $15 (per movie) to $210 (Patron Passes)

More Information Including Films & Schedule

Directions to The Music Hall

Preparing Your Home for the Fall Real Estate Market

Preparing your home for sale may seem like an overwhelming task, but there are a few quick, easy fixes you can tackle that will ensure your property shines in the best possible light!

  • Declutter and Remove Personal Items
  • Rearrange Furniture to Maximize the Space Your Have
  • Straighten and Clean Out Closets
  • Clean Baseboards
  • Polish and Clean Cabinet Hardware
  • Run Cut Lemons and Ice Through the Garbage Disposal
  • Buy Mums or Other Fall Flowers for Outdoors
  • Clean Out Gutters
  • Get Heating Unit Serviced
  • Test Smoke and Carbon Monoxide Detectors
  • Clean and Store Patio Furniture and Drain Pool (if applicable)
  • Check Caulking Around Windows and Doors
  • Power Wash Exterior and Wash Window Exteriors

The Fall market for real estate in seacoast New Hampshire is starting to heat up! Take care of these few items and you'll be ready to make the move before you know it!

Haunted Lighthouse and Fort Tour in Portsmouth

Ok, we know it's not quite Halloween yet, but how cool is this?

Every Saturday this summer, Fort Constitution and Portsmouth Harbour Lighthouse are host properties to a Haunted Lighthouse and Fort Tour. Ron Kolek, an author and radio personality and Jeremy D'Entremont, an author and lighthouse historian will guide you on a walking tour through these two sites. Ron will talk about different investigation methods while Jeremy disusses the history behind the hauntings.

Get your spook on this Saturday, September 6th! The tours are 90 minutes and held at 7:00, 8:45 and 10:30pm and are limited to 16 persons in the group. The cost is $20 per person. These tours will also be held every Friday night in October leading up to (but not including) Halloween!

Click here for more information