About Merrimack County, NH

Our first Membership Meeting for the Riverside Meadows Co-Operative was mainly an informational one!

We accepted the voted on the name (Riverside Meadows).

Following brief discussion, Membership Applications were passed out. Each family is entitled to one Membership and that Membership entitles them to one vote on Co-Operative matters. The Membership fee is $25/household. This becomes the "working capital" for the Board of Directors for initial expenses (postage, fees,filing charges etc.)

Out of a potential 70 households....we have an initial signing of 48..... Off to a great start!

We were charged with the task (for that evening) of discussing, adjusting to our needs and adopting a set of by-laws. We will eventually be writing our own but for now just adjusted the existing ones provided. We were then charged with electing a Board of Directors. Nominations were made by various members. The nominees gave their brief biographies and experience. A ballot vote was taken and officers were elected.

It was made clear that this Board would have the power of negotiating on our behalf, the power to borrow money and would be researching information to present to the Membership regarding our potential purchase.

An empowerment resolution was passed.

Everyone present seemed to completely engaged in the process and eager to see this happen!

The next matter of business will be an open Board of Directors meeting!

(This is what we really look like)

Concord New Hampshire Realtor

It seems like forever since I have run the monthly sales numbers and have had even a remotely positive uptick in the number of transactions! Well as you will see sales in the Sunapee Region are up 41% compared to the same time last year. We are still a bit below past years, but it is always nice to hear some positive news!

Historical Sales For Our 16 Local Towns
January 2006-23 Sales
January 2007-29 Sales
January 2008-27 Sales
January 2009-15 Sales
February 2006-26 Sales
February 2007-30 Sales
February 2008-25 Sales
February 2009-15 Sales
March 2006-35 Sales
March 2007-38 Sales
March 2008-17 Sales
March 2009-29 Sales

• 34 homes went pending this March

Please click through to see the breakdown of the sales for the month www.SunapeeRegionBlog.com

Also for additional information on recent housing programs click the links below.

American Recovery and Reinvestment Act

1st Time Home Buyer Tax Credit Info

In 1983 a non-profit organization known as The New Hampshire Community Loan Fund was founded. Their goal was affordable loans and housing for low to moderate income citizens of NH.

Their financing model was established in 1984 when the Sisters of Mercy loaned them $43,000 (at low interest). That money was loaned to 13 families in Meredith who lived in a manufactured housing park and wanted to purchase the park from its aging owners.

This was the first NH Co-Op....one of many to come. They are now known as the Meredith Center Cooperative listen to their story! This milestone meant that the residents now owned the land beneath their homes, they controlled when and if they would move,their rates were stabilized and any sub-structure improvements built more equity in their homes.

To date the Loan Fund has helped fund more than 90 Co-Ops throughout the State and even in this economy.... they are still lending. In February of this year the NHCLF is investing, in the State of NH, 1.5 million dollars where it will be lent to small businesses and non-profits, people re-financing manufactured homes and co-ops buying manufactured home parks.

In the state of New Hampshire one of the most difficult properties to finance is manufactured housing. If the home is on its own land....there is hope. But if it is in a park and older than 1973....cash is the best option. Even if you can manage to obtain financing....it usually means a larger down payment and higher interest rate. However,if your property is in a co-op....not only may your values be higher....there are also more lending sources available for potential Buyers.

My husband and I have reached retirement age. And like so many others, circumstances have dictated that we keep working.

We sold our home of 25 years to not only downsize but to reduce monthly payments. Our goal was to buy a place we could still afford to live in when working may no longer be an option. Fortunately we have found a lovely manufactured home in "The Meadows" in Hopkinton NH. It has a 3 bedrooms, 2 baths and a sunroom on 1/4 acre lot with a peaceful river in he back. Best of all they are taking steps to go Co-op! And will be working with the NH Community Loan Fund.

Not only is this an improvement financially but as a Realtor I will now have first hand information on the benefits and "inner workings" of the process. This can only help to benefit future clients!

I will be posting Blogs about the proceedures and our progress.....

Talk about good timing!!

Concord NH Realtor

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Concord NH Hot Listing Alerts

Click on Concord NH Foreclosed Homes service to receive listings of bank owned and foreclosed property.

RE/MAX real estate agents servicing the Concord area real estate market will follow up and provide professional orientation, relocation and buyer agency services.

Visit New Hampshire Real Estate for relocation, school, community, home buying and selling information. Bedford New Hampshire real estate reports are included in the Hillsborough County real estate reports. Got to NH First-time Home Buyer to obtain information about tax credits and special financing.

Visit Innovative Realty for more information.

Email me if you would like to arrange a showing.

Check my website for more local information.