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Are you tired of renting? Do you think that you are ready to buy your first South Hudson NH home for sale?
Here are a few factors that will help you to decide whether or not to buy your first home or continue renting!
You don’t have debt
If you have a lot of debt you most likely will not be able to get a lender to give you a loan for a mortgage. It is always worth a try, but odds are you won’t be to lucky if you’re over extended. If you are in debt that means you either can’t afford to pay your bills on time, or you just plain forget, which happens to the best of us. If you’re in debt you can’t manage to pull yourself out of, you may need to continue renting until you have the ability to change the situation.
But don’t give up before you try. There might be a way to get yourself out of a bad situation so that you will be able to buy that dream home in South Hudson you’ve been thinking about for so long. It may not be right away but we can also work with you to figure out a plan of action to make your dream of buying a South Hudson home for sale a reality!
You’re good with money
If you are good at managing your money, you always pay your rent on time, and you still have enough money left over for personal things such as groceries or your car payment, then you may be a great candidate for buying a South Hudson NH home! You will want to be sure you have enough money for a down payment, as well as some extra money for all the renovations your new home may need or that you want.
You have good credit
The sellers won’t want to accept an offer from someone with bad credit, because you won’t be able to get a pre-approval letter from the bank to back you up. So be sure you pay your bills, and any previous loans you’ve gotten in the past if you want to purchase your own South Hudson home for sale.
If you have good credit you can be trusted to pay a loan back to the bank. Which in plain terms means thy will lend you money for your mortgage!
You want control of your surroundingsWhen you are renting, you can’t renovate things the way you would like to because it’s someone else's property and not your own to make decisions about. If you have had dreams of living in a purple house, then buy a house and paint it purple! It is always nice to be able to personalize things and make them your own.
If you have always wanted a beautiful fenced in yard with a nice pool in the backyard then you shouldn't be renting. Instead of renting, buy a South Hudson NH home for sale. Currently, rent prices are higher than it would cost to pay a mortgage and you won’t get the benefit of the tax break if you rent either.
Your family is growing
If you have a growing family, and renting just isn’t working for you because you don’t have enough space, or enough rooms to be the perfect fit for you and your family then maybe it is time to buy your first South Hudson home for sale! A small home or a small apartment isn’t going to help you while your family is growing.
If you are seeking a home for sale in South Hudson New Hampshire or the surrounding area give Harmony Real Estate a call today at (603) 883-8840 or visit our website at www.Harmony-RE.com for a list of South Hudson NH homes for sale! Our team is a family and we will make sure you find a home that best suits your needs. We look forward to hearing from you!
A seller’s agent is a real estate agent that exclusively represents the seller of a house for sale in a real estate transaction. There is a contract between the property owner (otherwise known as the seller) and a real estate agent (also known as the seller’s agent) agreeing to sell your South Hudson home for sale. The contract requires the real estate agent to perform exclusive confidential duties for the seller such as researching recent selling prices for comparable properties in South Hudson NH, showing the property, marketing the property, and advising the seller on the best offers received for the listing. A Hudson seller’s agent must hold an active license in the State of New Hampshire under the New Hampshire Real Estate Commission. They may also be referred to as a listing agent.
A real estate agent is expected to make the home selling or buying process easier for you. Here are some things you should expect from a seller’s agent.
Price Your Hudson Home Right
Pricing your South Hudson NH home for sale properly is very important when you are a seller’s agent. An exceptional agent will price a home using their knowledge, training, and understanding of the market and comparable sales in the surrounding area. Knowing how to price a home for sale is one of the many valuable skills a REALTOR® can give you as the seller. If you are a smart seller, you will find an agent that will price your home based on the selling price of other similar homes that have recently sold in South Hudson.
If you have updated your home, then it will most likely be priced for more than you bought it for but it all depends on the current market. Currently, we are in a seller’s market and prices are rising yearly. As a seller, you should be aware that pricing your South Hudson home for sale to high can cause problems with the sale. If your Hudson home for sale is priced too high, buyers will most likely look elsewhere.
Communication is Key
A well-trained Hudson sellers agent must communicate properly with the seller. You need to know what’s going on with the sale of your South Hudson NH home. There are too many real estate agents that will only check in when they receive an offer, and that is not proper etiquette as an real estate agent. Real estate agents should always keep in touch with their sellers, especially after a showing so they can give any feedback, or discuss any concerns with you about your South Hudson home for sale.
Even if there aren’t any offers on your home, it is still comforting for your agent to keep in touch so you know you are getting what you’re paying good money for!
Verify Buyer Qualifications
Anyone can say that they are interested in purchasing a Hudson home for sale, but not everyone can get a pre-approval for a home loan. A good sellers agent will be sure that anyone making an offer on your home is qualified, and pre-approved for a home loan, and if not they will kindly decline their offer until they provide proof.
There is a very big difference between a mortgage pre-qualification and a pre-approval. A pre-qualification means that they are qualified, but that doesn’t mean that they will be approved for the loan. A pre-approval means that the lender checked the buyers credit report, as well as their employment, and their income, which are key factors in getting a loan commitment. Loan commitment is the step just before closing, it means that the bank is agreeing to lend the buyer the money for their South Hudson home purchase.
Negotiate for You
Your seller’s agent should always negotiate and work their hardest for the best terms and conditions of the seller. When you hire an agent who isn't worried about when their next sale takes place, you will get much better advice, and a much better outcome. REALTORS® who advocate for their clients are always striving for the best possible terms for the transaction and their client.
Everything in a real estate contract is negotiable, and a good Hudson seller's agent won't hesitate to take an offer for your South Hudson home for sale that will make you happy. If you want the sale of your South Hudson home to be closed at a certain time, they have the negotiation skills to make that happen. It’s best to negotiate this all at the onset to make sure everyone will be on the same page for closing. A good agent will understand the importance of getting things done on time and in an orderly fashion for you, their seller.
Attend the Home Inspection
A seller's agent should attend the home inspection to be sure that they can properly represent you properly. This is why you are paying a REALTOR®, to make things easier for you when selling your South Hudson home for sale. Although you may not expect them to attend the home inspection, they should do it regardless. Your agent can keep track of everything that the inspector states about the home, as well as see anything they may find wrong.
This will also help your sellers agent to protect you from any unreasonable requests, and help them to hear everything first hand. Some buyers may try to exaggerate about everything in hopes that you will make any repairs needed, or that they will be able to purchase your South Hudson home cheaper than the listed price. Home inspections often become the second time where more negotiations are made on your South Hudson home for sale.
Finalize Loose Ends
Selling a Hudson home for sale involves a lot of work. Your REALTOR® must be on top of everything. There are many small details that must be taken care of which is a big selling point for their services. As you get closer and closer to closing your Hudson home for sale, your real estate agent needs to relieve your stress and take care of all the loose ends for you. The less work you have to do, the more appealing your REALTOR® will be. Then you will be more likely to recommend their services to others seeking a real estate agent to help them sell or buy a South Hudson home.
If you are looking to buy or sell a home in South Hudson or in the surrounding area give us a call. The agents at Harmony Real Estate will keep your best interests in mind.
Closing Costs are fees that are associated with the purchase of your Southern NH home for sale that are paid at the closing of a real estate transaction. The closing is the time at which the title of your Southern NH home for sale is transferred from the seller to the buyer. The closing costs of the loan are incurred by the buyer. While the seller pays for commission, transfer of the deed and a few other miscellaneous state fees.
There are many different fees you can expect to encounter when you are closing on a new home in Southern New Hampshire. They vary widely depending on where you live, the type of home you purchase, and the type of loan that you choose to take out. These fees may include:
Home buyers will pay anywhere between about 2% to 5% of the purchase price of their home in closing fees but it typically ranges around 3.5%. Your lender will give you a loan estimate for your loan, which will include what the closing costs on your home will be. Many of the fees that make up closing costs may be negotiable. You can also look around for different lenders to see who may be willing to offer you a loan with the lowest closing costs and especially the lowest interest rate.
A short sale is a sale of Real Estate in which the net proceeds from selling your Hudson home for sale will fall short of the debts you owe to your lender for your mortgage. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of your South Hudson NH home for sale can be made.
When you sell your South Hudson home as a short sale, it’s similar to other sales you just have to involve the bank’s decision as well. You should contact a REALTOR®, specifically one who specializes in short sales. You will need to list your Hudson home for sale being sure to mention that it's a “short sale,” then wait for an offer to come in. Once you accept an offer, things can get tricky. You will need to gather all of your financial documents to send to your mortgage company and see if they will consider the short sale. Since lenders lose money with short sales, they're usually not very eager to agree with it but that’s where your REALTOR and a short sale negotiator come into play working in your best interest. Some banks may prefer to foreclose on your Hudson home but many times they will consider the short sale if there is good reason.
There are many Pro’s and Con’s to a short sale, but again a real estate agent can help you decide whether you should short sale, or what your other options are. If you do short sale your home, make sure your loan will be considered paid in full. A short sale will have a much smaller effect on your credit than a foreclosure. This will help you in the long run if you ever try to take out another loan or mortgage. Avoiding foreclosure, means you may be able to buy another home sooner than you would be able to if your home was foreclosed on.
However, there are also some disadvantages to a short sale. You will have to take full responsibility for the sale of you home, which can be very stressful and time consuming. Also, if someone purchases your home faster than you expected, you may have to move sooner than you had originally planned. This means that you will now need to find yourself somewhere else to move to as quickly as possible. This may be very difficult for you considering there will be no proceeds from the short sale of your South Hudson home.
If you are having a hard time making the decision of whether or not a short sale is your best option, talk to a Real Estate Attorney, or a REALTOR® to figure out the best plan of action. They can help guide you in the right direction. Be sure you don’t forget to talk to you lender as well. Your lender likely has specialized loan officers who are capable of reviewing and guiding customers who are at risk of foreclosure.
Call Harmony Real Estate at (603) 883-8840 and speak to the top REALTORS® in Southern New Hampshire if you need advice on whether or not to short sale your South Hudson home! We will work in your best interest and help you on this stressful journey in your life.
If you are looking to short sale your home give one of our experienced agents a call at Harmony Real Estate at (603) 883-8840. We are here to help take the stress off your shoulders. We will give you honest answers to help you decide what the best decision is for you.
The decision to short sell your home is not an easy one. You will have to come to terms with the not being able to make your mortgage payments and there are valid reasons why you may not be able to include divorce, loss of a job, health reasons, condo rules and there may be other possible reasons. Whatever the reason short selling your home in Southern New Hampshire will not affect your credit as harshly as a foreclosure and may open up the possibility to getting into another home faster after the short sale. If your short sale is successful you could avoid a foreclosure on your credit record.
Before making any rash decisions you want to make sure you have looked at all your options though. Filing for bankruptcy might be an option to stave of foreclosure (not indefinitely though) if you can’t pay your bills but have the money to pay your mortgage. You may also want to look into the possibility of adjusting your payments by talking to your bank to discuss different terms. If you owe more for your house than it’s worth and these other options do not work for you, a short sale might be the best option for selling your Southern NH home.
Make sure you work with an experienced REALTOR® who has worked with short sales in the past. Ask about their experience so you feel comfortable with their knowledge about the process. An experienced real estate agent will be able to negotiate the deal in your best interest.
Be aware that the short sale process for a Southern NH Home for sale will take time and patience. Short sales typically take between 3-6 months to close and can take even longer in some circumstances. It all depends on what bank(s) you are working with and the condition of the home. Also make sure to also looking into your tax implications. This is one step that is critical. You should talk to a tax advisor to see what your tax implications are as they change from year to year.
Buying and selling a home is a very important decision, make sure to trust the REALTOR® you are working with. You will need to give them a pile of paperwork regarding your current standing financial assets in order to get the short sale approved. The process can be very emotional and stressful and you will need someone who is caring and will answer your questions along the way and help you through the process. If you can get support from friends and family it will help the process too. Remember the short sale of your Southern NH home is just a temporary situation and you will be able to purchase another home in the future.
Talk to one of our experienced real estate agents about the Southern New Hampshire short sale process and see if it is the right fit for your circumstances. We will discuss your options and let you know what is the best fit for you. Call Harmony Real Estate at (603) 883-8840 for more information on short selling your Southern NH home today!
Here are a few easy steps to avoid foreclosure.
As soon as you realize you might have trouble paying your mortgage for your home in Southern NH, contact your lender. Tell them about your financial difficulties. This gives them the chance to work with you, not against you, and create a plan of action. Be sure that you don’t stop paying your bills before talking to them. Don’t wait until you can’t make payments before you speak to your lender.
The Making Home Affordable (MHA) Program is no longer available but this still offer help if you are having trouble working with your mortgage provider. This organization provides free counselors. They can give you advice and assistance with keeping your Southern New Hampshire home, or help you get out safely. If you need help making an important decision or just have questions you can visit their website at www.makinghomeaffordable.gov or call their hotline 1(888) 955-HOPE anytime. You may still be able to get a modification plan through your mortgage company to suit your budget so that foreclosure can be avoided. Your state housing agency may also have a foreclosure avoidance program as well.
Scammers often contact homeowners who are having trouble with their mortgage payments and offer to help, knowing they are desperate to keep their Southern New Hampshire homes. They often find their victims by advertising online, distributing flyers, contacting people whose homes appear in foreclosure notices, and target specific religious or ethnic groups. These criminals will promise to help you keep or sell your home without having to go into foreclosure at all for a fee.
Do not fall for this, they aren’t really trying to help you, they are just trying to take your money! Be sure that you are aware of the tricks these scammers use. They may offer to negotiate with your lender, advising you that filing for bankruptcy can help stop a foreclosure, and offer you fake legal help. Know the warning signs to protect yourself against these potential downfalls!
Follow these simple steps and you’re on the right track to keeping your Southern New Hampshire home. If things can not be worked out after exhausting all options we can help you make an agreement with the bank to extend foreclosure and sell your home or even short sale your home, if you owe more to the bank than the house is worth on the market. Whether you're behind on payments or not, don't be embarrassed, we can help you make the best decision for your particular situation.
If you are looking to buy or sell a home for sale in Southern New Hampshire give our qualified agents at Harmony Real Estate a call today at (603) 883-8840. We would love to help you keep your home if possible, extend your foreclosure date and get back your equity, or even short sale your home if there is no other possible option.
Here are a few simple steps you should take when buying a home in South Nashua:
Check Your Credit
Be sure you check your credit before you start searching for a home. If you have bad credit, you will most likely need someone else to co-sign, or to put their name on the mortgage with you, unless you pay for your home in full cash.
For a conventional loan you will need a higher credit score typically around 660 or higher while an FHA loan will give you more wiggle room typically down to about a 580 score. Don’t give up if your score is lower than the required amount because there are also ways of increasing your score to get you where you need to be.
Look At Your Income
Also be sure you look at your income so you know just how much you can afford monthly, and yearly. Don’t spend everything you have all at once, be sure you have enough money left over for other payments and bills you may have.
Typically there is a 40% or higher ratio that mortgage lenders will be looking for but we suggest a bit lower so you still have money for other things. Being house poor doesn;t make for a happier life. It’s nice to own a home but it’s also nice to be able to enjoy going out, or buying some new clothes once in a while.
Get Preapproved For A Mortgage
To get preapproved for a mortgage, first you must visit a lender. The mortgage lender will look at things such as your credit reports, your employment history, and your income very closely and carefully. After that, they will figure out which loan program you qualify for, the maximum amount you can borrow, and the interest rates you will be offered.
It is important to get this done before you start looking for South Nashua houses for sale, so you know just how much you have to spend. You don’t want to start looking at houses that are above your reach as it will make the houses you can afford not look as appealing. Be realistic and make your budget work for you. You can always build equity and get the larger house next time if you can’t afford it the first time around.
Find The Right Real Estate Agent
Finding the right Real Estate Agent is important because they can help take some of the stress off of you when you are looking for your South Nashua dream home. Searching for and purchasing the right home takes a lot of time that you may not have, as well as a lot of work that you may just not want to deal with. An agent can deal with the time, and work while you sit back and relax, that is their job!
If you are looking to buy or sell a home, call Harmony Real Estate today at (603) 883-8840. One of our qualified agents will be more than happy to help you find your dream home.
How Much Can I Afford To Borrow for a South Hudson NH Mortgage?
Your credit history, income, the size of your down payment, your employment and residence history are all factors in how much mortgage you can borrow. Be sure you are cautious when you get a mortgage because the amount you are able to borrow can exceed the amount you can afford.
What Are My Upfront Costs?
Some costs associated with buying a Hudson NH home start to appear before you even make a payment on your mortgage. These include:
Mortgage Application Fees
When you apply for a mortgage there are always fees. Application fees include service fees, which can be flat fees, or they can be a 1-2% of the total purchase price. Application fees also include the appraisal cost, and credit report fees. They may be worked into the total closing costs, depending on the company you choose to work with.
Earnest Money is an initial deposit to be paid into an escrow account once your offer is accepted. This is also known as a “good faith deposit” which may influence the seller's decision on whether to accept you. The more you put down, the more serious you will appear to the seller.
You can get better mortgage rates by having a larger mortgage down payment. Down payments range from 0% to 20% or more of the total cost of the South Hudson NH home you decide to purchase. Some people put down 20% in order to remove the cost of the Mortgage Insurance Premium. Paying mortgage points up front can also help lower your pa
Final closing costs typically range from 2% to 4% of the total loan amount. Sometimes closing costs can be rolled into the mortgage loan amount which means you can just pay it as you are paying your mortgage. The other option is to ask the seller if they are willing to pay some of the closing costs in your offer.
Closing costs can include:
Don’t let the long list of fees worry you because they are all paid at closing and can be estimated by the lender upfront to give you an idea of what will be needed.
Home Ownership Expenses
Owning a South Hudson home requires financial commitment far beyond your monthly mortgage payment. You will also be required to pay your mortgage insurance, home insurance, utilities, repairs, and your property taxes. Make sure you take all of these costs into mind when you are asking yourself how much you can afford to borrow when you make the decision to buy your new home. It is crucial that you realize all of these costs before you decide to take out a mortgage.
Planning And Saving Tips
If you are still saving for your new home, here are some helpful tips for you:
Building your finances and your credit rating before you buy of South Hudson NH home will help you to afford more when you decide to purchase. Also, it can help you compete better with other buyers for the home that you want, as well as making it easier to handle the costs of buying a home. This will make owning your new home easier to manage!
For more information on buying a South Hudson NH home for sale give our agents at a call at Harmony Real Estate at (603) 883-8840. We would love to help you find your South Hudson NH dream home!