Posted by Sandra Tessier on 5/23/2017

For homebuyers, there may be nothing better than searching for a house in a buyer's market. Typically, a buyer's market is defined by several key characteristics, including:

1. Shortage of Homebuyers

In a seller's market, competition among homebuyers remains fierce. Therefore, a homebuyer may be forced to compete against several homebuyers to secure his or her dream home.

Comparatively, a buyer's market features a shortage of homebuyers, resulting in less competition for quality residences. As a homebuyer, this is ideal because it means that you may be able to improve your chances of securing a great house at a price that matches your budget.

If you're a homebuyer in a buyer's market, the ball is in your court. As such, you should take your time exploring the housing market and find a residence that suits your budget and lifestyle perfectly. By doing so, you likely will be able to secure your dream home without having to worry about the stress of competing against other homebuyers or exceeding your budget.

2. Abundance of Home Sellers

A buyer's market may be a tough time for home sellers. At this time, there may be many homes available, and home sellers might need to reduce the prices of their residences to stir up interest.

Meanwhile, an abundance of home sellers ensures there is a large supply of homes available. This may make it easier for a homebuyer to check out many terrific homes and find one at a below-average price.

Although a buyer's market presents many opportunities for homebuyers, it is important to avoid taking shortcuts. Instead, a homebuyer should devote ample time and resources to assess homes that meet his or her criteria and respond accordingly.

Furthermore, homebuyers should avoid the temptation to submit a lowball offer on a residence Ė even in a buyer's market. If you submit an offer that falls below a home seller's expectations, you may miss out on the chance to acquire your dream home altogether.

3. Steady Supply of Real Estate Agents

When it comes to shopping for a home in a buyer's market, working with a real estate agent is a great idea. A real estate agent can provide you with plenty of information about first-rate residences that you can enjoy for years to come. Plus, a real estate professional may be able to offer insights into a home that you may struggle to obtain elsewhere, making it simple for you to purchase a top-notch home at a bargain price.

Perhaps best of all, your real estate agent can offer recommendations throughout the homebuying journey. He or she also will be able to respond to any concerns or questions you have, ensuring you can remain calm, cool and collected as you transition from homebuyer to homeowner.

Employ a real estate agent to guide you along the homebuying journey in a buyer's or seller's market. With a real estate professional at your side, you can navigate the challenges of the real estate market and secure your dream house without delay.




Categories: Uncategorized  


Posted by Sandra Tessier on 5/16/2017

Thereís many different myths about buying a home that may have been presented to you as fact. All of these rumors could have you believing that being a home owner is a dream. Here, weíll debunk some of the most common misconceptions about home buying and give you the tools to solve any issues that you may come across in the process of securing a home loan.


If You Donít Have 20% To Put Down On A Home, You Canít Buy


Many conventional loans do require a 20% down payment on a home. Thereís also many different loans available that may suit your needs. From Federal Housing Administration loans to Veteranís programs to down payment assistance programs, thereís many different things that can be done to help you buy a home. Keep in mind that any time you put less than 20% down, youíll need to provide additional mortgage insurance, also known as PMI or private mortgage insurance.  


If Your Credit Score Is Terrible Youíre Out Of Luck

If you want really good mortgage rates, having great credit is very important. If your credit score is low, your rates tend to be much higher. A really low credit score could keep you from getting a loan completely. FHA loans allow you to still qualify for a loan with a credit score as low as 580.


You Need To Make Bank To Get Money From The Bank


Monthly annual income is just one of the factors thatís considered when it comes to getting a loan to purchase a home. Your debts matter just as much if not more. People with significant credit card debt and other loans may be denied a home loan even if they have a substantial income. 


Youíre In The Clear If Youíre Pre-Qualified


Pre-qualification is much different than pre-approval. Pre-qualification involves giving your lender basic information about your finances in order to estimate how much of a loan you can get. This will give you a ballpark figure of about how much youíll be able to borrow. Of course, this is very helpful in the home search process, but youíre not done. To get pre-approved, youíll need a complete mortgage application in order to have your complete financial background check and credit rating.  


If Youíve Met One Real Estate Agent, Youíve Met Them All


This couldnít be further from the truth. Your relationship with your real estate agent is going to be quite close. Youíll need to share somewhat personal information in order to secure a house youíll love. Agents are involved in one of the biggest decisions that youíll ever make. Each agent has his or her specialties and knows different neighborhoods better than others. Definitely go with a real estate agent that you feel comfortable with and knows their stuff.  


Closing Costs Arenít Your Responsibility


Sometimes, sellers do pay the closing costs in the sale of a home. It all depends upon how the negotiations go with the home. Youíll need to be prepared for upfront costs in buying a home. These include a credit check, attorney fees and property insurance. As a buyer, youíll be paying anywhere between 2 and 5 percent of the purchase price of the home.  


Itís important to be prepared and to stay informed in order to make sound financial decisions throughout the process of purchasing a home. Everything will be that much more exciting when you have all of the pertinent information that youíll need.




Categories: Uncategorized  


Posted by Sandra Tessier on 5/11/2017


255 Coral Avenue, Manchester, NH 03104

Single-Family

$268,000
Price

3
Bedrooms
7
Rooms
2/1
Full/Half Baths
WELCOME!! This fabulous North-end colonial could be your new home! With 3-bedrooms and 2.5-baths, this home checks a lot of boxes! Kitchen offers ample cabinets and prep area, master bedroom with private bath, some hardwood floors throughout, farmers porch, 1st floor laundry, 2-car garage and a family room with cathedral ceilings + a wood burning fireplace and slider which opens out to an oversized deck and large patio area. All appliances will convey including the washer and dryer! FHA oil heat, gas hot water heater and central air conditioning.
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by Sandra Tessier on 5/11/2017

This Single-Family in Auburn, NH recently sold for $308,000. This Cape style home was sold by Sandra Tessier - RE/MAX Property Specialists Group Inc..


471 Bunker Hill Road, Auburn, NH 03032

Single-Family

$308,000
Price
$308,000
Sale Price

3
Bedrooms
8
Rooms
2
Baths
Picture perfect 3 BD Cape with bright sun-drenched rooms with a picturesque back yard. Relax after a long day in your sun-filled family room with soaring ceilings next to the cozy pellet stove. The kitchen is perfect for the budding chef with every convenience built right in and eye catching back splash with under cabinet LED lighting. This home is truly design for EZ living & entertaining with all the comforts of home. Gleaming laminate floors that spills out in every direction and it shows at every turn. A convenient 1st floor master bedroom and huge main bath with a jetted tub and separate shower. 2nd floor offers two additional bedroom with a modern full bath. A finished lower level room is perfect for the inspiring hobbyist or game room, still leaving plenty of room for clean dry storage space, laundry room and a workshop. Central vac and already wired for a generator. As you look towards the rear youll notice the enormous rear yard which is perfect for entertaining, yet private enough to spend quality time barbecues. The location is positively ideal, close to nearby Lake Massabesic & top rated schools.






Categories: Sold Homes  


Posted by Sandra Tessier on 5/9/2017


255 Coral Avenue, Manchester, NH 03104

Single-Family

$239,900
Price

3
Bedrooms
7
Rooms
2/1
Full/Half Baths
WELCOME!! This fabulous North-end colonial could be your new home! With 3-bedrooms and 2.5-baths, this home checks a lot of boxes! Kitchen offers ample cabinets and prep area, master bedroom with private bath, gleaming hardwood floors throughout, farmers porch, 1st floor laundry, 2-car garage and a family room with cathedral ceilings + a wood burning fireplace and slider which opens out to an oversized deck and large patio area. All appliances will convey including the washer and dryer! FHA oil heat, gas hot water heater and central air conditioning.
Open House
No scheduled Open Houses






Categories: Price Change