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Meredith, NH

3 Keys to $elling Your Home: Marketing, Price, and the Buyer Pool

Roy Sanborn --Lakes Region of New Hampshire : Real Estate Agent in Meredith, NH

The successful sale of any home in today’s somewhat trying real estate market can be broken down into distinct components that are inexorably linked together; (1) marketing the property, (2) the available pool of willing buyers, and (3) price.

Unfortunately, these three components often get blurred and home sellers get confused and discouraged when their home doesn’t sell. They always ask why are so few buyers looking, why has it been on the market so long, and why is no one at least making an offer? Any offer! It is logical that if you have a property for sale and you market it correctly, at the correct price, that you will eventually get a buyer. That’s the way it always has worked. So what has changed? Well for one thing, there are a whole lot fewer buyers in the swimming pool today. That’s no secret. So what do you do to increase your odds of finding a buyer.

The answer really lies with the proper marketing of the home and the price it is offered at. Buyers don’t generally fall from the sky, although sometimes it appears to be that way. Some have called it divine intervention when one miraculously appears. In reality, buyers are found through the marketing of a home no matter how ineptly or professionally it is done. There was a time when you could put a handmade cardboard sign on your lawn and you could sell the place over the weekend. Those times are long gone and may never return. Ineptness doesn’t work very well anymore unless you put an unbelievably low price on a property. Selling a home today has gotten very competitive and complicated.

The problem is that most sellers don’t know, or understand, how homes are marketed to begin with, let alone which methods are effective. Understanding exactly what your agency is going to do for you and comparing their program to others is very important. It is impossible to assess whether a buyer exists for your home unless you know for sure that your property is being seen by EVERYONE THAT MIGHT BE LOOKING FOR A HOME.

Not only that, it must be marketed correctly and in the most positive and professional way possible. Properties that are promoted with a few fuzzy pictures, poor lighting, and even poorer composition combined with vague or incomplete descriptions of the property itself won’t get you far. If your agent relies on local newspaper ads as his primary print advertising component you should plan on living in your home a long, long time. Today you need professional grade photography, full color promotional material, national internet exposure on as many realty sites as possible, social media exposure, color print ads, video, and more.

Reports can be provided to home sellers showing the number of times buyers see their home on the internet. So if plenty of people are looking at a property on line but not calling to see it in person, what should the seller conclude? Sellers also need to be very conscious of feedback from agents and buyers that have seen their property. That being said, if you feel confident that your property is being seen by EVERONE THAT MIGHT BE LOOKING FOR A HOME, and no buyer comes forth to even make an offer, you can probably safely conclude that your price is very likely too high for the current market. If so, it is time to bite the proverbial bullet, swallow your pride, and reduce the price of your home to where it will attract an offer. Generally speaking, there is a buyer for every home at the right price. Here’s something to think about on pricing.

Last year, out of the 773 homes that sold, (in Belknap County and Moultonborouggh, NH) 50 sold in a week or less. They sold at 97.5% of the original asking price and at an average of 85% of assessed value (based on those providing tax assessments in the MLS). The 61 homes that sold in 8 to 14 days were at 95% of the original asking price and at an average of 88% of assessed value. The 78 homes that sold in 15 to 31 days sold at 94% of the original asking price and 90% of assessed value. It is no surprise that many sales took a lot longer. There were 398 properties that were on the market over 90 days before finding a buyer. These properties sold at 90% of the original list price and at 91% of assessed value. So it appears the better the price, the quicker the sale. You might also argue that you can get more for a property if you list high and play the "let's negotiate" game. There were also 1,062 properties that had their listings expire without selling in 2011—I wonder if they were all playing that game?

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A great weekend for fun and a Fishing Derby - check out my pictures

Scott Godzyk, One of Manchester NH's Leading Brokers: Real Estate Agent in Manchester, NH

This weekend was the Great Meredith Fishing Derby. Held Saturday and Sunday Feb. 12 and 13, 2011.

What a weekend to sneak away during the afternoons to check it out. Saturday brought out record crowds from near and far. There was thousands upon thousands of people around. The bay was turned into a initure city with a mix of families and mardi gras style craziness going on at some of the bob houses. With 18 inches of ice, there were bob houses of all styles, price and style. There were shanties, lean toos, portable tent style and some bigger than some houses i see.

There was hot tubs, some home made bars, tons of barbeques, bon fires, helicopter rides and oh yeah, ice fishing too...

Congratulations to the Meredith Rotary for putting on a great event this year as always...

I am glad i could help support you once again this year...






Updated Feb. 13, 2011

Meredith, NH Real Estate Market Update for Mid August

Dan Littlefield, Broker: Real Estate Sales Person in Meredith, NH

Meredith NH Waterfront

I though I would give you a quick, Meredith, NH Market Update for the month as the summer is beginning it's wind down.

As of today, August 16th, 2010, Active Listings stand at 269 units with an average price of $516,133.00 The average Days on Market are 212 days with an average price per square foot of $248.00. There are currently 12 listings in contingent status with an average price of $465,725.00 and Average Days on Market of 335 days. There were 42 new listings in the last 30 days with an average price of $405,030.00.

In the last 30 days, there were only 6 closed listings in Meredith. The average listing price of these closed transactions was $323,242.00 totaling $1,824,400.00 in total transactions. The average selling price of these 6 transactions was $304,067.00 giving us a list to sell variance of $19,175.00 or 94%. Average Days on the market for these 6 transactions was 210 days.

So, there you have a snapshot of the Real Estate Market in Meredith, NH for the last 30 days. If you’re thinking of buying, it is a great time to do so, the rates are still very low with 30 yr. fixed rates under 5% and inventory is still strong with lots of great homes to look at. If you’re thinking of selling, you should really think about getting your home on the market now to take advantage of the strong Fall selling season combined with the good rates and strong buyer activity.

You can view all of the listings in Meredith on my website at www.lakesregionnhhomes.com/listings/areas/633/ where you will find over 200 current listings in the 03253 zip code. Or, give me a call at 603-253-4345 and I will be glad to assist you.

Have a great day!

Weekend Activity in Meredith, NH

Dan Littlefield, Broker: Real Estate Sales Person in Meredith, NH

Inn at Mills Falls, Meredith, NH

It was an absolutely stunning weekend this past weekend in Meredith, NH on Lake Winnipesaukee. I took a walk around the waterfront and enjoyed seeing the people boating, fishing with their kids, walking the docks, shopping at Mill Falls and other area stores, sitting under the trees enjoying the scenery and just plain enjoying the beautiful weather.

Hesky Park, Meredith, NH

Fishing in Meredith, NH

Meredith is a bustling little New England town in the summer with lots going on during the weekends, people enjoying their summer vacations, boating on Lake Winnipesaukee, shopping in the uniques shops and enjoying meals one of the local restaurants. There is always something to do here. We have another good month of summer left, even though people are starting to talk about back to school and fall camping trips. But, the level of activity keeps up here, it just changes flavor with the seasons.

Where to go in Meredith, NH

If you would like more info on residential or vacation homes in this beautiful town, check out www.LakesRegionNHHomes.com or give me a call at 603-707-9194. I would be happy to share some of our secrets with you. Enjoy this beautiful weather!

Coldwell Bankers Residential Brokerage- My New Home

Dan Littlefield, Broker: Real Estate Sales Person in Meredith, NH

CB New England Moves 1


Coldwell Bankers Residential Brokerage is my new home. After much deliberation, I have decided that this is the best fit for me. There are several good offices within the Lakes Region and I was offered a spot with other offices that made me feel that they would be a great place to hang my hat, but in the end, it comes down to which office makes you feel the most natural and offers you what you're looking for.

Coldwell is the number one brokerage in the country. We offer a one stop experience with NE Moves Mortgage , Coldwell Banker Relocation Services, Coldwell Banker Home Protection Plan, Cartus Broker Network, NRT Insurance Agency,

We offer the industries leading media campaigns, strongest marketing strength, strongest local exposure, Lead router system to direct inquiries on your listing to the listing agent, large web syndication and international market plan for maximum exposure, and experienced agents to handle your transaction from start to finish.

I am located in the Center Harbor, New Hampshire office . We are easlity located on Route 25 in Center Harbor just north of Meredith.

I would love to talk to you or anyone that you know that may be interested in buying or selling real estate in the Lakes Region area, or if you have anyone that may need a referral to deal with a trusted Coldwell Bankers agent in another part of the country. Please call or text me at 603-707-9194 if I can be of any assistance to you or a friend or relative.

My new website www.LakesRegionNHHmomes.com should be up within a few days, keep a lookout for it and be sure to check it out....I will be featuring links to local business, so if you have a business and would like to be included, please contact me and let me know.

Till then, have a great day and enjoy this beautiful summer weather!