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To continue the Saga...... (I just had an email from a past Client concerned about what was happening to us and wanting details. I have also had several emails from some of you with the same concerns. Here is my return email with all the gory details!) Hi Abby, Yes, we are still living in the Red Roof Inn in Loudon, NH-Geoff and I and the two dogs.... the boys are next door! You knew about the Leach Field. There were also some electrical issues. We had to put money in Escrow for the repairs. We were supposed to close on a Foreclosure in Pittsfield the same day but 4 days before that deal fell apart because of appraisal.... We booked the motel thinking it would be resolved in a few days! :0) Meanwhile after looking more closely at our Movers contract with his 10 day "free" storage....we realized it was going to cost us over $5,000 so we canceled it. We called the guy who we have used to take stuff to the dump and he rented a truck and brought a friend. Geoff and I, the two guys and the boys moved ourselves. And rented a storage unit. Meanwhile my smallest dog went to the Vet. for surgery for Bladder stones. Well.....it has been a very long 25 years since I last moved and I totally underestimated how much we had accumulated and overestimated our ability to do it ourselves! It was a disaster!! They scheduled their walk through for the evening before close (which I never should have allowed) the place was a mess and obviously we weren't going to be finished. That night the Buyers agent said they would give us until 6:0 PM the next evening to finish our moving. It was not a hardship for them . They only lived 3/4mile away and had until the 31st.....but...if we weren't out we would have to forfeit any remaining escrow that may remain. We foolishly agreed. (My boss said we should have asked for a delay in the closing or for an additional 2 days to move because of the circumstances)....He was right! I have learned a valuable lesson....never represent yourself. I was too close to the situation, too tired, too stressed and I just wanted it over. So....you guessed it we didn't finish till 7:30 the next evening, while they sat at the end of the driveway. They informed us the next day that not only were they taking the (if any )remaining escrow but proceeded to ream me up one side and down the other because the house wasn't cleaned to their satisfaction (they even insisted on hangers being removed from the closets). I told their Agent NO that I was done giving.I had done the best I could under the circumstances and they could take me to court. My Broker agreed with me ....it all boils down to your interpretation of broom swept clean. Meanwhile the Buyer called and left a message at the office that he was going to sue the company. That was going too far. I asked my Broker to handle it because I just couldn't do it anymore. He did and the agreement was for $750. Whether it was or was not left after the electric. Of course it wasn't left so not only did the electric cost over $3000 we handed them (the Buyers) a check for $750. The saddest part....I couldn't wait to get out of a house I'd loved for 25years! Now....the reason we are still here at the Motel: The Foreclosure became "on" again when Citi Bank agreed to lower the price but then no Mortgage Insurance company would insure the loan. So we tried going 20% down so we didn't need Insurance but three different Lenders wanted another appraisal. What it all boiled down to was that the other Banks just didn't like the property and didn't want another Banks bad investment....they only want to loan on houses in good condition. So the whole thing is dead in the water. Last week we started looking for an apartment that was big enough and would take the dogs....we weren't having much luck and the motel is bleeding us dry. So...we went out to look at an area we had seen about 4 years ago called "The Meadows" It's in Contoocook (Hopkinton) and has all double wide manufactured homes. It looks like a village of small ranches. We found one we really love. It is adorable!! It needs updating but has 3 bedrooms, 2 baths, a 3 season porch and fenced in yard area for the dogs. It also has a 1car garage and a workshop and the Warner River is in the back yard. The people were already moving out and agreed to let us move in before closing once we had Bank commitment. We got our commitment today from First Colebrook and plan on moving in on Sunday.
This has truly been a nightmare! I was so stressed from the situation and the physical trauma of all the packing and hauling, I developed edema and could hardly walk....my face was like a melon and my legs tree stumps! The Dr. put me on a diuretic and I seem to be getting back to normal. Sooo....aren't you sorry you asked? I look at it this way...I can definately identify strongly with both sides of a transaction after all of this. I'm probably the most empathetic Realtor in town! I'm going to forward this to the other Joan too....she needs to hear "the rest of the story" and I'm tired of typing. Thanks for caring kiddo... Joan |
Concord NH Realtor
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Bow New Hampshire Real Estate Tour
Bow, New Hampshire was chartered in 1727. Some say the town derived its name from its location at the bow in the Merrimack River, just south of the state capital in Concord. Wherever the origin of the name, many beautiful reminders of the town's colonial beginnings remain today.
For most early settlers, farming was a way of life. The many stone walls which line Bow's streets, yesterday's survey markers for 100-acre plots of land, serve as vivid hallmarks of the town's agricultural past. Industry has long been a mainstay of life in Bow, with local waterways providing the necessary horsepower to fuel several excellent mill sites. The sawmill and gristmill formed the hub of the section of town referred to as "Bow Mills", one of the first local settlements.
Bow has never lacked for people of vision throughout its history. Sergeant John Ordway, a native of Bow, was an influential member of the Lewis and Clark expedition. Mary Baker Eddy, founder of the Christian Science Church, was born and raised in Bow. Bow has also enjoyed its share of visits by presidents and presidential candidates. From Andrew Jackson's triumphal New England Tour in 1833 to the "First-in-the-Nation" primary vote-seekers of today, Bow has been the place where our nation's chief executives and New Hampshire meet. In fact, Franklin Pierce, the fourteenth president of the United States, hailed from nearby Hillsboro, NH.
Visit Bow New Hampshire Real Estate to take a virtual tour, receive school reports, search the NH MLS, and obtain relocation, home buying and selling guides. Click on Bow NH foreclosure to receive new listings of bank owned homes.
Go to Concord NH Real Estate for a brief tour of the community and Concord NH Foreclosures to receive a list of bank owned real estate.
Information is provided by Virtual Homes and real estate services provide by RE/MAX Country Properties, Amherst, NH.
Visit New Hampshire real estate for community information about other towns in New Hampshire.
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I just read this post by Ines Hegedus-Garcia from miamism.com where she summarized a piece that the Today Show just did on the 5 Biggest Real Estate Myths. This definitely applies to our Sunapee Region real estate marketplace and I’m sure it’s dead on for many other markets across our country.
1. Sellers are desperate
2. Don’t buy before prices have bottomed
3. You cant buy a home unless you have 20% down
4. Now’s the absolute worst time to sell
5. Before you refinance, shop around.
I think everyone can agree that making assumptions is never a good strategy to approach a big real estate purchase. The best thing you can do when considering buying a piece of Miami Real Estate is to contact a Realtor you know and start asking - a good Miami Realtor will explain market intricacies that may not be that obvious and will help you create a good plan.
Thanks Ines for a great summary of some spot on real estate myths!
Source:
http://sunapeeregionblog.com/2009/01/27/5-biggest-real-estate-myths/
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The Sunapee Region has so many wonderful bodies of water to enjoy outside of the 3 major ones - Lake Sunapee, Little Lake Sunapee and Pleasant Lake. To see more information on the smaller lakes and ponds please visit my post: “Sunapee Area Lakes and Ponds“. As you will see in the graph below, the average sales price for properties on Lake Sunapee has increased quite steadily over the past 5 years. I have discussed this with other agents in my office who have been selling properties up here for over 20yrs and they’ve all commented that lake properties always tend to ride the downturns much better than the average property.
For more additional information on lake sales please click through to my blog at SunapeeRegionBlog.com
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2009 is off to a great start! The ski area has had a lot of traffic and our office has been quite busy during what is typically a slower part of the year. One thing that I believe is really just starting to help our economy is how low interest rates are. I’m looking at refinancing and I should be able to get around 4.5-4.7% which will save me well over $200 a month!
Housing prediction–First off it would absolutely rock to have a crystal ball that told me everything, however the following is my best assumption of what the next year or so may have in store for us. I think that for the next few months we’ll see the Sunapee area real estate market continue to drop a bit lower but eventually start leveling out this summer and then staying level for much of 2010. As far the drop goes, I can’t see it being much more if even 2%.
Below is a chart with data for residential sales in the Sunapee Region. Compared to my previous posts, I have added the towns of Salisbury and Danbury which brings the total towns to 18.

For additional information on sales in the Lake Sunapee region please click through to my blog at http://sunapeeregionblog.com/2009/01/15/2008-year-in-review/
Source:
SunapeeRegionBlog.com
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