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Dave Hall

NH Home Market Launches new Waterfront Real Estate Division

06-14-09
Dave Hall

NH home Market

NH Home market.com is now please to announce that we have made it easier to find NH waterfront Homes and real estate.

Simply goto NHHomeMarket.com and click on the NH waterfront directory. There you will be able to searh for all NH waterfront Homes by lakes or by ocean.

NH short sale property specialists

05-03-09
Dave Hall

NH Short Sale properties and NH Short Sale Real Estate for sale are easy to find using our quick link format.

As agents at NH Home Market, we have found significant buying activity in the short sale market over the last year and believe it will continue to fill a large sector of the market, at least until the onslaught of inventory begins to be absorbed. We project that the quantity of NH short sale homes for sale are going to continue well into the next year. By keeping current on new listings and changes in policy, we can better serve the broad audience of potential buyers for these NH short sale properties. We offer valuable insight into the interesting world of "Asset disposition", " Loss mitigation" and "Forclosure avoidance." Let us help you with your NH short sale, and understand why both you and the banks stand to benefit from a short sale raher than a forclosure.

If you are a NH home owner looking to sell your property in a short sale, it is imperative that you work with a leader in the short sale market. Let us explain the behind the scenes workings of "loss mitigation" and forclosure avoidance. Banks are motivated to work with home owners, let us explain why!

As a buyer of discount real estate let our team assist in putting together an investment scenario based on needed work and potential upgrades, working with our team of builders and subcontractors....kind of a soup to nuts approach on investment purchases. Let us help you through the "as is" benefits and drawbacks of bank owned representation. We will work with you in pursuit of all relevant information on a property so that you can avoid walking into big uncertainties. If you're thinking the time is right for a purchase or would like to start tracking activity and receiving current short sale listings, please contact us for more information. We are the NH short sale and NH bank owned properties experts

Understanding the Current Housing Cycle

02-24-09
Dave Hall
Understanding the Housing Cycle Print E-mail

NH Housing CycleIt should come as no surprise to the reader that over the last ten to fifteen years housing costs have risen dramatically and recently they have fallen significantly.

This paper will attempt to explain the following conclusions:

The housing market is normally in a “growth mode” (where new homes are required to accommodate an increasing population) or a “retraction mode” where the supply of existing homes is more than sufficient to accommodate demand. When in the growth mode, home values are closely related to the cost of new homes (replacement value); when in the retraction mode, all bets are off.

The cost of building a house (the bricks & mortar) has, over the past several decades, increased, by almost exactly the same percentage as the cost of living (CPI);

The total cost of a new house, including land, has increased by a much greater amount;

The runaway cost of housing is due to rapidly increasing lot costs, resulting from:

  1. A decreasing supply of land, and;
  2. Zoning and growth limitation changes which have greatly reduced “yield” from a parcel of land and created restrictions on market forces, a major factor in causing a rapid increase in lot costs.

An increase in lot cost results in a “multiplier effect” which causes housing costs to increase by more than the increase in the lot cost, as well as the structure.

Artificial constraints like building permit limitations, impact fees, etc. result in higher lot costs which, owing to the multiplier effect, push housing costs even higher.

To see the rest of this article please click here to goto www.NHHomemarket.com and the National Housing Cycle

NH Bank Owned Properties, REO and Short sales

02-23-09
Dave Hall

As agents at NH Home Market, we have found significant buying activity in the bank owned market over the last year and believe it will continue to fill a large sector of the market, at least until the onslaught of inventory begins to be absorbed. By keeping current on new listings and changes in policy, we can better serve the broad audience of potential buyers for these bank owned properties. From first time homebuyers, to those acquiring their first investment property, to seasoned investors and flippers, the increase in discounted properties on the market offers once in a lifetime opportunities to invest in the tangible returns only offered by real estate. We can also assist in putting together an investment scenario based on needed work and potential upgrades, working with our team of builders and subcontractors....kind of a soup to nuts approach on investment purchases.

Read more about NH Bank Owned properties

Things to know before buying New Construction

10-26-08
Dave Hall


Top 10 things you should know about Buying New Construction.

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10. Proper planning produces proper performance. Where is the septic going to go? What is the sun's orientation? Where is the house going to be situated on the lot? Is there enough room for the pool or the future barn? Should we buy the land first or design the home to fit the land? There are a million questions you could consider; each building project is unique. Some of the significant questions involve whether or not there is a walk-out basement, a pool, deck or patio, sun's orientation, etc. If a walk-out is a must you need to find a lot that will accommodate a house design with a walk-out. This may seem obvious, but it is often overlooked or misunderstood. If you are designing a passive solar home as part of a green construction project, then the lot's orientation to the sun is very important. Prioritize, gather information, consult and render an opinion, then realize that your requirements may need modification.

9. Own the plans. By owning the plans you keep your options open relative to meeting with several different builders. Be careful of plans bought from the internet or magazines. Many of these plans may have to be redrawn in order to meet state and local building codes. Ask around and work with a local designer or architect who knows the area. Some builders may own their own plans but they may be willing to sell the right to reproduce their plans with another builder.

8. Shop the plans to several builders. Create a full detail of what the builder is going to be asked to price. The price may only be as good as the information given to them. Many times I hear, "Bob the builder is building at $125/sqft and you are @ $150/sqft." I will then ask, "What is he quoting for allowances? What type of materials are they using? Where are the plans? What are your expectations and what level of quality are you looking for?" Often the information is incomplete and needs more clarification.


Read More about the thing s you should know before buying new Construction

Click on the Link above to view these helpful hints.

David Hall is the founder of www.NHHomeMarket.comNH Home Market