Posted by Steven Sawyer on 7/14/2019


366 Morrill Street, Gilford, NH 03249

Land

$89,900
Price

Level Lot ready for your new home. Quiet location just outside Laconia convenient to Lake Winnipesaukee, Gilford amenities, shopping and schools.
Open House
No scheduled Open Houses






Tags: Real Estate   03249   Gilford   Land  
Categories: Price Change  


Posted by Steven Sawyer on 7/14/2019

At the beginning of every year, there are new trends, styles, and designs that make their way to the forefront of popular taste. In the real estate industry, luxury real estate is usually the first to test out new trends and designs before the traditional market. Whatever doesn't make a name in the luxury real estate will probably not get into the traditional real estate market either.

The average cost of getting a luxury home increased with about 4.7 percent in the last quarter of the previous year, but the trends and features associated with such homes remained the same. This year expect an increase in the cost of buying a luxury home, but these homes come with more sophisticated trends and features. Most of these features are deemed a necessity and no longer exclusive to luxury homes.

Techy Homes

Technology has come to stay in luxury homes because millennials are the ones dominating the luxury real estate market. In 2019, expect technology as one of the essential features in every luxury home. Smart apps, cameras, remotely controlled gadgets, etc. are all necessary items every luxury home should have in today’s market.

Privacy

Privacy is a feature that is non-negotiable especially among celebrities and high net worth individuals. You pay a higher price to get a home that keeps neighbors and prying eyes away. Your home is your abode, and you should be able to wind down without being worried about anyone walking to your front door unannounced. Individuals who own luxury homes want privacy with aesthetically designed gates, hedges, and walls. 

Smaller Pools

A pool is an essential package that comes with owning a luxury home, but homeowners do not want pools that take up most of the backyard space. The trend for this year are pools that look like glorified Jacuzzi pools that should serve a purpose. A pool is essential, but it should be smaller.

Upscale Design Bathrooms

Luxury homes for this year would incorporate spa-like bathrooms with floor-to-ceiling windows that would allow homeowners to have a magnificent view of their surroundings. Gazing out your window at the picturesque view outside while having a bath or shower is soothing. The expansive windows would allow natural light in and allow for natural ventilation.

Smart Security

Security like privacy is non-negotiable. Most luxury homes come with remotely controlled gadgets like lights, pools, fireplace, air conditions, security cameras, window blinds, televisions, etc. all controlled from your iPad or phone. There are also safes in these homes that are smart technology for keeping valuables and unlocks the same way you open your phone. 

What is trendy will change throughout the year, but it always promises quality to the luxury real estate market.




Categories: Real estate   luxury home   home buyers  


Posted by Steven Sawyer on 7/7/2019

Buying a home is a big financial endeavor that takes planning and saving. Aside from a down payment, hopeful homeowners will also need to save for closing costs and moving expenses.

When it comes to the down payment amount you’ll need to save, many of us have often heard 20%, the magic number. However, there are a number of different types of mortgages that have different down payment requirements.

To complicate matters, mortgages vary somewhat between lenders and can change over time, with the ebb and flow of the housing market.

So, the best way to approach the process of saving for a down payment is to think about your needs in a home, and reach out to lenders to start comparing rates.

However, there are a few constants when it comes to down payments that are worth considering when shopping for a mortgage.

In today’s post, we’re going to talk about some characteristics of down payments, discuss where the 20% number comes from, and give you some tips on finding the best mortgage for you.

Do I need 20% saved for a down payment?

With the median home prices in America sitting around $200,000 and many areas averaging much higher, it may seem like 20% is an unattainable savings goal.

The good news is that many Americans hoping to buy their first home have several options that don’t involve savings $40,000 or more.

So, where does that number come from?

Most mortgage lenders will want to be sure that lending to would be a smart investment. In other words, they want to know that they’ll earn back the amount they lend you plus interest. They determine how risky it is to lend to you by considering a number of factors.

First and foremost is your credit score. Lenders want to see that you’re paying your bills on time and aren’t overwhelmed by debt. Second, they will ask you for verification of your income to determine how much you can realistically hope to pay each month. And, finally, they’ll consider the amount you’re putting down.

If you have less than 20% of the mortgage amount saved for your down payment, you’ll have to pay for private mortgage insurance (PMI). This is an extra fee must be paid in addition to your interest each month.

First-time buyers rarely put 20% or more down

Thanks to FHA loans guaranteed by the federal government, as well as other loan assistance programs like USDA loans and mortgages insured by the Department of Veterans Affairs, buying a home is usually within reach even if you don’t have several thousands saved.

On average, first-time buyers put closer to 6% down on their mortgage. However, they will have to pay PMI until they’ve paid off 20% of their home.


So, if you’re hoping to buy a home in the near future, saving should be a priority. But, don’t worry too much if you don’t think you can save the full 20% in advance.




Categories: Buying a Home   down payment   saving  


Posted by Steven Sawyer on 6/30/2019

In recent times, tankless water heaters have grown in popularity with homeowners across the United States. Many homeowners are enjoying the benefits of tankless water heaters over regular tank units. If you intend to buy a water heater, it is vital that you understand why a tankless water heater may be the best thing since sliced bread.

No more cold showers

If you have a large family, surely there will be an everyday battle for hot water. Trying to adjust everyone schedules every morning is almost impossible without someone ending up with a cold shower. Well, you can bring peace into your home with a tankless water heater. Unlike traditional heaters that depend on reserve hot water in a tank, the tankless system heats the water as it goes through the unit; thereby, ensuring hot water available at any given time.

Longer lifespan

A regular tank water heater has a warranty of 6–9 years and can last up to 10 years. By comparison, a tankless water heater has 10-15 years warranty and lasts up to 20 years. Although they are expensive, they're a much prudent investment in the long run. A tankless unit instantly boosts the value to your home.

A higher rate of distribution

Since tankless water heaters create hot water instantly, it is possible to carry out several activities at once while using the tank. For example, you can run the washing machine, dishwater, and have 2 or more showers all working at the same time, and the system will continue to generate water.

A space saver

Unlike regular water heaters that take a massive chunk of space in the home, a tankless water heater is portable and takes up lesser space. Just mount it on the wall and linked it to your water.

Cleaner water

Naturally, when a traditional tank heater gets older, the reserve begins to rust resulting in polluted water. However, as a tankless heater gets old, it does not rust. Therefore, you get clean water to bathe and drink.

Huge savings

A tankless water heater run more efficiently and uses less energy than a regular tank unit. Since it uses less water and works more efficiently, it saves you some considerable amount of money each month. Do you know an average tankless water heater can save up to 30% more every year? That's a good reason to get one.

The only downside of tankless heaters is the initial cost and installation fee; nevertheless, it could be worth every penny. To learn how a tankless water heater adds value to your home, speak with a knowledgeable real estate professional.





Posted by Steven Sawyer on 6/23/2019

Locating the perfect real estate agent can be a difficult task, as it is usually hard to settle on someone that you can trust with such a big life decision. But, once you have discovered one, it would be useful you make sure your relationship stays sweet.

So, maintaining a professional relationship with your real estate agent tells a lot about your character. After all, a peaceful relationship with them will help you in the future. They maintain a comprehensive network of people that can help you with home repairs when buying and selling homes, or even refinancing your mortgage.

Good real estate agents are busy, so how can you get yours to stick around after the end of the contract? Here are several ways you can maintain a good relationship with them. 

1. Maintain a high level of trust

When you are building a relationship with your agent, it can be easy to focus on trusting them and forget that it works both ways. For an agent-client relationship to stay successful, trust from both sides needs to be present from the start and maintained until the very end.

As a homebuyer, you recruit an agent to work for you and represent you in locating and purchasing a home. They can help you best if you give them complete information about what you are looking for and whether or not you can qualify for the mortgage. They also give you their best advice to help in the decision-making process, but if you are following conflicting advice from someone else, your agent will find it challenging to help you. Your agent needs to be able to trust that you are not going to undermine their ability to get you into the home that is best for you.

As a home seller, you need to be honest with your agent about the amount your willing to accept for the property, and about any liens or issues that might impede the sale.

2. Be respectful of their time

Good agents are busy agents. You are not their only client. So, make sure to meet them at agreed times to look at properties. They may have other showings scheduled for that day, so lack of accountability on your part affects more than just you and them. And if you like a home and are considering making an offer, let them know so that they can be prepared to get your offer in as soon as possible. 

When selling, vacate your property when they have a buyer ready to look at it. Yes, it may be somewhat inconvenient for you, but accommodating the buyer will get your home sold. It also shows your agent you are serious about selling.

3. Maintain open-mindedness

Your agent may present you with options you've never thought about, so keeping an open mind might get you that perfect home you didn't even know was available or it might sell your home in a way you couldn't have imagined. Also, legally, your agent cannot dissuade you from buying in a particular area or making an offer on a specific home, but they can point out the amenities or lack thereof in a neighborhood or suggest that you get a home inspection first. And they can use your checklist to point out if a home meets your stated needs.

When selling, they cannot insist you accept an offer, but they can explain what the market can bear in terms of pricing and give you a realistic picture of what you can expect to receive.

Follow these helpful tips, and you will be on your way to creating a great and healthy relationship with your real estate agent.







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