Steven Sawyer (Central NH) - Exit Realty Group



Posted by Steven Sawyer (Central NH) on 6/24/2018

When everything is online, itís hard to discern when getting up, leaving the house, and checking out a home can be helpful. Thereís so much information regarding real estate online; you probably want to pick and choose when and where you go to see a home. Even if youíre nowhere near being able to buy a home, you may want to check out open houses to help you in the future.


Looking at real estate is fun. You can dream of living in a neighborhood on the street you may never be able to afford. There are many advantages to checking out open houses. 


Youíll Understand How Far Your Dollar Will Stretch


The type of home that you can afford, and the type of home you want may not be in the same ballpark. If you take a look at different open houses, you may be able to see where your budget takes you. Even if the market changes, youíll be able to match your expectations with your wallet. As you know whatís out there, youíll be able to hone in on what you want in a home. 


From here, it will be easier to work with a real estate agent because youíll be able to give them a better idea of what you want when the time does come to buy a home. 


It Will Be Easier To Hire An Agent


As you go to open houses, youíll meet more real estate agents. These agents can become potential hires once you do get more serious about buying.


Youíll See The Market Firsthand


Besides understanding how much house you can get for your dollar, youíll be able to get an idea of how many buyers are actually out there. If youíre seeing many other potential buyers at open houses, you may be facing quite a bit of competition when you head out to buy a home of your own. When the competition is high, youíre looking at offering above asking price for houses. You could even get into bidding wars. A lot of other buyers doesnít mean you should back out of buying a home altogether, but just enter the market with caution. 


You Can Discover New Areas


By exploring open houses, you may find a neighborhood that you love that wasnít on your list before. How can you get to know an area if you have never spent time there before? 


Youíll Learn Where You Need To Compromise


By looking at different houses, you can see the potential (or lack thereof) in many homes. If you can see where youíd be willing to compromise long before the home search is on, your search will be that much smoother   





Categories: Buying a Home   buying tips  


Posted by Steven Sawyer (Central NH) on 6/17/2018

There is a lot that goes into the buying and selling of a home Not only are there many steps to take but it can feel like there is a report for everything. Itís easy to forget what they are or why they are necessary.

Three processes that seem similar to home buyers are the home inspection, comparative market analysis, and the appraisal.

Hereís what each them is and how they are different:

First, letís look at the home inspection.

The home inspection

What it is:

This is probably the one you are most familiar with and have heard the most about. During a home inspection, an inspector is paid to come and test all of the appliances, outlets, plumbing as well as the heating and cooling system.

What this information is for:  

This information is for you the buyer, It is to help make a well-informed decision as to whether the investment you are making is worth the current state of the home. Whether there be repairs that will have to be made or replacements that will need to happen down the line.

The custom market analysis or CMA

What it is:

A sales report your real estate compiles using data they have exclusive access to. This data is compiled into a database used solely by other real estate agents.

What this information is for:

A CMA is used by you and your agent to determine if an asking/selling price is fair. Youíll be able to compare the pricing to other listings and conclude whether it is higher, lower or on par with other offers. This is incredibly useful no matter which end of the spectrum you plan on selling or buying.

An appraisal

What it is: A licensed appraiser comes to visit the home and inspect it solely for value. This is determined by the location, state of and surroundings of the home. Your potential home will be compared to other similar properties in the area to come to a conclusive value.

What this information is for:

The final approval of your mortgage terms by your lender. If the determined value is much lower than your offering price you can be declined a mortgage.

As you can see, each of these processes has varying impact on the final purchase of your home. The information obtained from a home inspection is up to solely your discretion. That gathered from the CMA helps you to determine where the asking price of a home is sitting in comparison to others on the market. And in turn, whether youíve got a really great deal on your hands or an inflated price. And lastly, perhaps the most important is the appraisal. The information gathered from this process is what your lender uses to determined whether or not to lend you the requested amount.




Tags: appraisal   home inspection   cma  
Categories: appraisal   home inspection   cma  


Posted by Steven Sawyer (Central NH) on 6/10/2018

Since home values are continually on the rise, it makes more sense for many Americans to tap into their home equity for financial security. The home equity line of credit is a great resource that has come back with many benefits. You can finance so many things from home improvement projects to the vacation you have always wanted with a reverse mortgage. There are consequences if you donít turn to home equity with careful thought. You could end up owing more than your home is even worth at a certain point. Thatís not giving you any value. 

Smart Financial Moves

Tapping into a home equity line of credit could be a smart financial move. If you use little to none of the money it can be wise to have extra cash on hand for emergencies, considering rates are so low for home loans. It can help you to be prepared for unexpected financial setbacks. The key is to not use the money unless itís absolutely necessary.

Good Ideas For Home Equity

  • Emergency fund
  • Home renovations
  • Education funds (if youíll be able to pay it back in a timely manner)

Bad Ideas For Home Equity

  • Vacations
  • Car purchase
  • Random spending


If youíre expecting an increase in income and need some extra cash on hand for a purpose, using a home equity line of credit can be a good resource. Also, if youíre selling your home soon, tapping into home equity for improvement projects can help to give you a better return on the sale. 


Home Equity Is Not An Unlimited Source Of Funds


Home values can change drastically with the market and the amount of demand. The amount of equity you may have can change as well, and your repayment amounts can vary drastically based on the state of the housing market. While tapping into home equity will most likely put you in the positive, you could end up in the negative if youíre not carefully prepared.


The Ways To Draw On Your Home Equity


There are 3 main ways to draw on your homeís equity. In any of these cases, you cannot borrow more than 80% of your homeís value from any lender. 


Cash-out Refinance

This loan is exactly as it sounds; you take a set mount of cash out from your home and refinance it at the same time. 

 

Home Equity Loan

This is a loan that is sometimes referred to a second mortgage. This usually has a fixed rate. 


Home Equity Line Of Credit

This loan is like using a credit card. Thereís a maximum that you can borrow, and you use money as you need it. After a certain amount of time, you can no longer draw on the money.  


Refinancing your home will extend the life of your mortgage. Youíll have higher costs but end up with lower rates most often.


Questions To Consider When Thinking Of A Home Equity Line Of Credit

  • Does your home need renovations?
  • Is the loan rate lower than other types of loans like car loans?
  • Do you need to consolidate your debt?
  • Are you facing large bills like medical bills or college tuition? 
  • Are you starting a business?

Used in smart ways, home equity can be a great financial resource for you. Consider your options and plan your finances wisely. Your home is in fact your biggest asset! 





Posted by Steven Sawyer (Central NH) on 6/8/2018

This Single-Family in Concord, NH recently sold for $217,800. This Cape style home was sold by Steven Sawyer (Central NH) - Exit Realty Group.


2 Beaver Street, Concord, NH 03301

Single-Family

$199,900
Price
$217,800
Sale Price

3
Bedrooms
7
Rooms
1
Baths
Wow! Welcome home! Spectacular 3 bedroom/ 1 bath cape in a great Concord location. Step right into your large kitchen features brand new stainless steel appliances and gorgeous vinyl plank flooring. Interior of home is freshly painted and new wall-to-wall carpet in each of the bedrooms. It gets better..huge living room space that has beautiful refinished hardwood floors and offers a ton of additional natural light. Fantastic corner lot with a lot of space is rare to find around here! This home is full of character and charm from the second you walk in the door. BONUS: Dryer included in sale! Nothing left to do here except move right in! This one won't last!






Categories: Sold Homes  


Posted by Steven Sawyer (Central NH) on 6/3/2018

What should you expect after you make an offer on a residence? There are several steps that will take place between the time you submit an offer on a house to the date you finalize a purchase agreement, including:

1. Acceptance or Rejection of Your Initial Proposal

A home seller will have a short period of time to accept or reject your initial offer.

If a home seller accepts your proposal, you'll be able to move forward in the homebuying process. Conversely, if he or she rejects your offer, you may be forced to restart your home search.

On the other hand, a home seller may counter your offer as well. In this scenario, you likely will be given a set amount of time to accept or reject the counter-proposal. Or, you may be able to further negotiate with a home seller in the hopes of finding common ground.

The time between when you submit an offer on a home and receive a home seller's response to your proposal can be stressful. Fortunately, working with an experienced real estate agent ensures that you'll be able to stay up to date. This real estate professional will even help you put together a competitive offer on any home, ensuring that you can boost your chances of getting an instant "Yes" from a home seller.

2. Completion of a Home Inspection

Although a home seller has accepted your initial proposal, you'll still want to conduct a thorough home inspection to identify any major property issues.

For example, if a house has a faulty roof or defective hot water heater, an expert home inspector will be able to uncover such problems immediately. That way, you can learn about issues that may impact the long-term value of a home as part of an inspection.

If you find out about major issues with a home during a property inspection, you can rescind your initial offer and walk away from a house. Comparatively, if you still want to buy a home in spite of problems that were discover during an inspection, you can ask the home seller to complete home repairs or upgrades. You also may want to consider asking for a price reduction if major home repairs or upgrades are needed.

Ultimately, a home inspection will help you make an informed homebuying decision. After a home inspection, the ball is in your court, and you can choose to move forward with the purchase of a home, revise your initial offer or remove your proposal altogether.

3. Relocation to Your New Address

The final step of the home selling process involves closing on a home and relocating to your new address. At this point, all you'll need to do is pack up your belongings from your current location and move them to your new home.

Purchasing a home may seem impossible at times, but the homebuying process often gets easier as it progresses. Plus, homebuyers who collaborate with an experienced real estate agent can receive plenty of support as they navigate each stage of the homebuying journey.




Categories: Buying a Home   buying tips