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NH Boasts less than 1% foreclosure rates, making us one of the most stable places to put your money and while the job market is down all over the country -not in NH !
 P.O. Box 1208 , 250 Route 49 in Campton , NH 03223
phone 603-726-8642 or 603-726-8941
We all waited in great anticipation for the nation to elect its next leader . Everyone had their own reason for believing the way that they did in who they planned to vote for. It was an amazing experience to watch as people were more informed than I can every remember. Yes our country is in the midst of serious turmoil, the nations foreclosure skyrocketing while the job market is plumeting. Hope is what we all crave and need and I believe that our President elect is just the right person to bring that hope and promise of a brighter tomorrow.
Things are not going to turn around overnight the day that Barack Obama takes office but all the steps he is taking to prepare for that day tells me that they are now going to head in the right direction. The fox is no longer going to be in charge of protecting the chicken coop anymore. We do not need large government but we do need oversight and we do need to have our government spending our tax dollars wisely and all of the burdens should not always fall onto the struggling middle class. All you need to do is turn on the news to find out that areas of our nation are devistated by the economy. Devistated by the cost of heat and gas, devistated by the cost of their children's education , by the cost for health care and mad at their neighbors that have given up the fight and are taking their chances that they dont get sick(just when they get diagnosed with something serious), devistated by the cost of going to the grocery store, devistated by the shrinking job market , devistated by the foreclosure rates only to hear that our government bailed out some financial institution that only days after went on holiday with the bailout money, not to mention the dollars spent in Iraq.
Our area unlike many of the real estate markets out there has seen few foreclosures -the National Association of Realtors says NH has less than 1% of its homes in foreclosure and most of them are in southern part or the far north. Compare that to any other state, NH really is a bright light amid ecomonic dispare. Few homes were purchased here using subprime loans . Unfortunately that did not make us completely impermiable to what has transpired . While at any given time if you ask your real estate agent for a list of foreclosures , the list is going to be quite small and the quality of what you will get for your dollar is not the best of values. When people walk away from a home an allow foreclosure , you can bet the house has some issues-often some big ones. The short sales are the way to go if you can find one as you get the best price without most of the risks of foreclosure properties. But try and find one . They are few and far between. Stability is what we have to offer.
And here is some other brighter economic news for BUYING NH and Grafton county inparticular:taken from recent NHAR bulletins called "A few bright spots amid bad economic news " by Peter Francese. He stated, " While the national average of jobs is down 0.2 , NH is up 0.8." Further he says "the federal reserves index of economic activity for NH ranks the third highest in the nation". "NH has less than 1% of its homes in foreclosure" and " September sales were actually 2% higher then they were last year for Grafton County."
If you are looking to put you money in something more solid then stocks why not look to the Gateway to the White Mountains , Campton New Hampshire (Grafton County). When it comes to places to live there is no place like coming home to NH. In centeral NH's Gateway to the White Mountains we have the best of all worlds. We are two hours to Boston, 1 hour 15 minutes to Manchester Airport and yet we have such wild and natural beauty . We are surround with ski resorts, snowmobile corridor , hiking, camping , fishing , canoeing. Our children have some of the best school rankings, we know our neighbors by name, there is land between each house and mountain vistas from many . According the the National Association of Realtors (which ranks state by state information related to housing and income). the State of NH and Grafton County particularly are faring much better throughout this down turn than many other markets in the country.What a time to be a ready willing and able buyer with prices down , good job stability in the state, few foreclosures , great interest rates ! There are so many great choices.
Yes, the borrowing can be a bit tricky but if you have good credit there's still money to be had and going local is the key. Use the local banks to find your funding .They still have plenty of money to lend . There are even a few packages out there with 100% financing for credit worth buyers(Chase mortgage has several to pick from ) . And if you are a first time home buyer there are federal tax credits that make buying a no brainer. And if you have money to pick up properties that you can turn around when the market turns, boy are you going to make out.
Fall crisp air upon us, our thoughts turn to the winter , Christmases and all the wonderful snow that fell last year , to skiing- down hill and cross country , snowshoeing , Igloo making, snowmobiling and the Inevitable snowman in the front yard not to mention the firewood crackling in the woodstove or fireplace and glug on the stove making the air smell like apples, wine and cinnamon .
There's no place like home for the holidays and there is no place like the North Country to call home . There is still time to make that home purchase before the ski/snowmobile season begins and before market turns back up again. There are banks willing and able to lend to credit worthy buyers . Those buyers who wish to keep their money in the stocks waiting it out for their value to return, there are opportunities for you to. Leave your money where it is, get the seller to rent with an option -allowing you to lock in the price while the prices are right . Get the seller to finance where possible all of these make for a very good atmosphere for purchase power so do not wait until it is too late. What comes down will go back up and the cycle will begin again. Hope has returned .
NH is still income and sales tax free .
We in an effort to help our customers decided to put together a list of activities you might enjoy and we added it to our website under service entertainment guide located at the community button on our website as well as a chamber of commerce link that has a calendar of upcoming events . So if you are thinking of vacationing, relocating or purchasing a vacation home in the White Mountains start with King Realty by visiting our website at www.kingrealtynh.com today
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