Bedford, NH

How to Buy Real Estate in Bedford, New Hampshire

Purchasing a home can be a very stressful and complicated process especially if you are a first time buyer. Enlisting the services of experienced real estate related professionals will provide you with the information and advice to make sound decisions in buying Bedford NH real estate. Buyers often interview mortgage loan officers, Realtors, attorneys, home inspectors, accountants and financial advisers during the process of purchasing a property.

Information regarding the home buying and selling process, demographics, commuting, school and relocation information can be found by visiting

BEDFORD NH REAL ESTATE AND HOMES FOR SALE

Financing

Most home buyers will obtain a mortgage to purchase their home and there are numerous first-time home buyer financing programs offered by state agencies, local banks and national lenders. A common source for mortgage funding is the FHA (Federal Housing Administration). The major benefits of their programs include low down payment options (can be gifted by a family member), flexible qualifying, assumable mortgages, and rehab financing.

In 2009, there are four major reasons to consider purchasing your first or an existing home:

1. First-time home buyer tax credit of $8000 (for qualified buyers). Tax credits of up to $6500 are available to existing homeowners as of November 6, 2009.
2. Historically low interest rates.
3. Affordability - declining values in the past three years provide exceptional price offerings.
4. Tax benefits - current tax law favors owning a home over renting.

The Home Search

Consumers in New Hampshire have the option of hiring a real estate agent to represent them in "buyer agency" and this is disclosed in a "mandatory disclosure form" required by state law. The agent has a fiduciary responsibility to represent the buyer's interests instead of the seller's. Interview two or three agents to determine their qualifications before signing an agency contract.

Your agent can assist you in searching for a property through the Bedford NH MLS (Multiple Listing Service) and homes sold by their owners (FSBO). Most property for sale, including Bedford NH foreclosed and bank owned homes, is listed in the MLS. You may want to look for a condominium which may be found through Bedford NH Condo.

Home Inspection

Once you have found the property and successfully negotiated a purchase and sales agreement, you will probably contract for a home inspection. This will give you more detailed information about the overall condition of the home prior to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potential new home to:

1. Evaluate the physical condition: structure, construction, and mechanical systems;
2. Identify items that need to be repaired or replaced; and
3. Estimate the remaining useful life of the major systems, equipment, structure, and finishes

Title and Closing

Title companies or attorneys will research the title to make sure both the lender and the buyer is protected and has "clear title" to the property. Prior to the actual closing, most buyers schedule a final walk-through with their agent to inspect the property. Once the closing is complete buyers can now occupy their new home.

Visit Virtual Homes real estate for assistance in buying Bedford NH real estate and surrounding communities. VisitRhode Island real estate, MA real estate and NY real estate for information about towns, cities, homes and condominiums in those states.

Bedford New Hampshire Real Estate Market Report December 2009 for Condominiums and Townhomes

In the 4th quarter of 2009 there were 10 condominiums and townhomes that closed in Bedford New Hampshire. This is a increase of 4 condos, as there were 6 condos that closed in the 4th quarter of 2008.

The Average list price for the condominiums and townhomes that closed in Bedford for the 4th quarter of 2009 was $259,900.

The Average list price for the condominiums and townhomes that closed in Bedford for the 4th quarter of 2008 was $289,900.

The Average sale price for the condominiums and townhomes that closed in Bedford for the 4th quarter of 2009 was $248,875.

The Average sale price for the condominiums and townhomes that closed in Bedford for the 4th quarter of 2008 was $301,256.

The Average Market time for the condominiums and townhomes that closed in Bedford in the 4th quarter of 2009 was 142 days.

The Average Market time for the condominiums and townhomes that closed in Bedford the 4th quarter of 2008 was 254 days.

January - December 2008 & 2009 Market Statistics for Bedford New Hampshire

In Bedford NH for the period of January to December of 2009 there were 36 condominiums and townhomes sold.

In Bedford NH for the period of January to December 2008 there were 26 condominiums and townhomes sold.

In Bedford NH for the period of January to December in 2009 the average list price was $254,900 the average sale price was $241,625 and the average market time was 134 days.

In Bedford NH for the period of January to December in 2008 the average list price was $282,900 the average sale price was $278,950 and the average time on the market was 158 days.

** The above statistics are for condominiums and townhomes only and do not include single family homes or multi family homes in Bedford NH.
** The 4th quarter is defined as the period between 10-01-2009 and 12-31-2009.

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This Bedford NH Real Estate market report is provided by Jim Miller. Jim can be reached via email at Jim@JimSellsNH.com or by phone at 603-801-3987. Jim has been helping buyers and sellers of NH properties buy and sell homes and condos for 10 years.

For your New Hampshire and Bedford NH Real Estate, homes and property search visit Bedford NH Real Estate.

More information about the Town of Bedford NH and to view current listings.

Search the complete NH MLS for homes and condominiums

Southern NH adult community homes and condos

Bedford NH condominiums and townhomes for sale

Jim services all of Southern New Hampshire including the towns of Amherst, Bedford, Brookline, Hollis, Hudson, Litchfield, Londonderry, Mason, Merrimack, Milford, Mont Vernon, Nashua, Pelham and Windham.

Jim is a licensed real estate agent and Realtor in New Hampshire and Massachusetts with Coldwell Banker Residential Brokerage.

Bedford New Hampshire Real Estate Market Report December 2009 for Single Family Homes

In the 4th quarter of 2009 there were 48 homes that closed in Bedford New Hampshire. This is a decrease of 1 home, as there were 49 homes that closed in the 4th quarter of 2008.

The Average list price for the homes that closed in Bedford for the 4th quarter of 2009 was $342,450.

The Average list price for the homes that closed in Bedford for the 4th quarter of 2008 was $392,225.

The Average sale price for the homes that closed in Bedford for the 4th quarter of 2009 was $338,000.

The Average sale price for the homes that closed in Bedford for the 4th quarter of 2008 was $389,900.

The Average Market time for the homes that closed in Bedford in the 4th quarter of 2009 was 60 days.

The Average Market time for the homes that closed in Bedford the 4th quarter of 2008 was 76 days.

January - December 2008 & 2009 Market Statistics for Bedford New Hampshire

In Bedford NH for the period of January to December of 2009 there were 233 homes sold.

In Bedford NH for the period of January to December 2008 there were 248 homes sold.

In Bedford NH for the period of January to December in 2009 the average list price was $369,900 the average sale price was $359,900 and the average market time was 76 days.

In Bedford NH for the period of January to December in 2008 the average list price was $402,450 the average sale price was $393,000 and the average time on the market was 86 days.

** The above statistics are for single family homes only and do not include condos or multi family homes in Bedford NH.
** The 4th quarter is defined as the period between 10-01-2009 and 12-31-2009.

__________________________________________________________________________________________________

This Bedford NH Real Estate market report is provided by Jim Miller. Jim can be reached via email at Jim@JimSellsNH.com or by phone at 603-801-3987. Jim has been helping buyers and sellers of NH properties buy and sell homes and condos for 10 years.

For your New Hampshire and Bedford NH Real Estate, homes and property search visit Bedford NH Real Estate.

More information about the Town of Bedford NH and to view current listings.

Search the complete NH MLS for homes and condominiums

Southern NH adult community homes and condos

Bedford NH condominiums and townhomes for sale

Jim services all of Southern New Hampshire including the towns of Amherst, Bedford, Brookline, Hollis, Hudson, Litchfield, Londonderry, Mason, Merrimack, Milford, Mont Vernon, Nashua, Pelham and Windham.

Jim is a licensed real estate agent and Realtor in New Hampshire and Massachusetts with Coldwell Banker Residential Brokerage.

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Bedford New Hampshire Condominiums and Townhomes FHA and VA Approved

Ever wonder which condos in Bedford NH are approved by the FHA and VA (Federal Housing Administration and Veterans Affairs) ?

Below is a chart showing currently approved condos and townhomes in Bedford.

If you are interested in buying or selling a condominium in Bedford NH call Jim at 603-801-3987 for current listings and recent sales.

More info and current listings of Bedford condominiums.