Blog :: 2009

Five IMPORTANT topics to discuss with your real estate agent when selling your home

Thinking of selling your North Conway home? Before you place the For Sale sign in front of your house, there are a few things you should consider in order to maximize your home value and make the sales process smooth and efficient. Be prepared to discuss the following subjects with your real estate agent when youre ready to sell your home and youll be one step ahead in the market. 1) Best Time of Year to Put Your House on the Market Conventional wisdom dictates that spring is the best time for selling a home. The weather is getting warmer, the school year is coming to an end, and people who have just received their tax refunds may now have extra cash to use for a down payment on a home. However, since not everyone can sell a home in the spring, here are some other seasonal factors to consider. According to annual home sale data from the National Association of Realtors, the slowest selling months of the year are typically January and February, since fewer home sales occur during the holidays. In spite of this, with less competition in the marketplace, you may be able to ask for a higher price for your home, or a quicker closing. Additionally, temperate locations like Florida and California dont see the seasonal fluctuations in the housing market, where house-hunters are almost always looking. And a late winter or early spring in the Northeast may extend the typical selling season. These seasonal variations, as well as a variety of local factors, will all influence the housing market in your area. Be sure to talk to your real estate agent regarding the current state of the market and how it will affect the sale of your home. 2) Open House Strategy and How to De-Clutter At an open house, first impressions count, so youll want to enhance your homes perceived value. Make your home inviting by taking care of bothersome minor repairs; clean bathroom and kitchen counters and clear them of dishes and clutter. Arrange storage areas neatly and put unused items in a closet. If you have pets, consider having a neighbor watch them for the duration of the open house. Its a good idea for you to be absent during the open house, also. If you must be present, let your agent do the talking. Decorate your home to sell by arranging the furniture to look as spacious as possible. Add color and fragrance to any room with fresh flowers. Lastly, dont forget the outside of your home. Put away all gardening equipment and neatly arrange outdoor items like firewood or furniture. Even take a hard look at your mailbox and make sure it reflects the value and character of your home. 3) Features to Accentuate While you may have long determined which aspects of your home you love, having a fresh set of eyes assess its best features is a smart idea. If youre considering selling your home, take the time to walk through it methodically with your real estate agent. Together you can determine which features of the home should be accentuated. Does your home have a wonderful view? Make the most of it by sprucing up window treatments and arranging furniture to draw the eye toward the windows. Perhaps the location of your house is truly incredible. Your real estate agent can help accentuate this feature in sales and marketing materials. 4) Desired Price and Bottom Line Price Its great to shoot high, but when determining your home value, its also important to identify your bottom line. By assessing recent home sale statistics in your area, your real estate agent can recommend an appropriate target price range. Working with your agent, you can set an initial asking price, as well as privately determine the absolute lowest price you would comfortably accept for selling your home. By crunching the numbers and setting parameters early on, you can avoid emotional rollercoasters during the process of receiving, countering and accepting offers. 5) Disclosures When selling your home, you may be obligated to disclose problems that could affect the propertys value or desirability. In most states, it is illegal to fraudulently conceal major physical defects in your property, such as a basement that floods in heavy rains. And many states now require sellers to take a proactive role by making written disclosures on the condition of the property. Ask your real estate agent for the particular laws of your state.

Country Inn for sale in NH-Open House at Snowvillage Inn

NH Bed and Breakfast for Sale - NH Country Inn for Sale OPEN HOUSE Thursday July 16th 3PM-6PM Wine and Cheese Served Sunday July 19th 12Pm-4PM Please RSVP by July 14th Enchanting NH Country Inn! One of the finest Inn's in New Hampshire.Spectacular views of Mt. Washington and the Presidential Range.Features 17 uniquely decorated guest rooms w/private bath, some with fireplace, others with views of the mountains.Bridal Suite with breathtaking views.State of the art commercial kitchen.34 seat restaurant.Two owners' quarters.On 9.9 acres Preview by Virtual Tour and then stop by on July 16th or July 19th and take in this breathtaking NH White Mountain Country Inn for sale! New Hampshire Country Inn for Sale

Positive News on why it is a good time to buy

Legislative Update

Business Roundtable Submits Recommendations to Help Revive the Housing Market

Richard A. Smith, president and CEO of Realogy, is the chair of the Business Roundtable's Housing Working Group, which recently submitted the following recommendations to the White House and Congress to stimulate the U.S. housing market: Keep mortgage interest rates at historically low levels (below 5%) for at least one year; Expand the current First-Time Homebuyer Tax Credit incentive from the lesser of 10% of the purchase price of the home or $8,000 to a higher limit of either 10% or $15,000 for all homebuyers, remove the income restrictions and include all primary residence purchases for one full year; Conduct a thorough review of current foreclosure mitigation and loan-modification programs in light of rising loan-modification re-default rates; Make permanent the current temporary conforming loan limits; and Continue to review and strengthen government efforts already underway to review and refine mortgage lending practices.

Housing Industry Associations Endorse Business Roundtable Proposal

"The National Association of Realtors (NAR) and our 1.2 million members applaud the Business Roundtable for its sound policy recommendations put forth to reinvigorate our nation's housing market. The proposal they announced today is consistent with the recommendations NAR has advocated and reflects the critical need to continue efforts to bring stability to the housing market." -- Charles McMillan, president, National Association of Realtors, "Realtors Join Business Roundtable in Calling for Renewed Focus on Housing Stabilization," Yahoo Finance, June 10, 2009. "The National Association of Home Builders (NAHB) supports the Business Roundtable's efforts to promote policies that will stimulate housing demand. NAHB looks forward to working with all interested parties in the business community, on Capitol Hill and in the Obama Administration to foster new ideas and policies that will help to get housing and the economy back on track, particularly at a time when the recovery is facing a number of significant challenges." -- Joe Robson, NAHB chairman, "Statement from NAHB Chairman Joe Robson on Enhancing the Home Buyer Tax Credit," Yahoo Finance, June 11, 2009. "Stimulating the housing market is one of the best ways Congress can help accelerate the recovery of our national economy. Offering $15,000 to potential homebuyers is a powerful incentive that I believe will jumpstart the housing market. The current $8,000 credit for first-time buyers has had a positive effect on the housing market this year. Increasing the amount and expanding the benefit to include all homebuyers will have an even larger impact in spurring the housing market and stabilizing the economy." -- David G. Kittle, CMB, Chairman of the Mortgage Bankers Association, "MBA Supports Proposal for $15,000 Tax Credit for All Home Buyers," RISMedia, June 12, 2009.

Bill to Increase Homebuyer Tax Credit Introduced to Senate

Drawing on more than three decades of experience in the real estate industry, U.S. Senator Johnny Isakson, (R-Ga.), introduced legislation to invigorate housing demand and to boost the economy by expanding the first-time homebuyer tax credit passed by Congress earlier this year. Specifically, Isakson's legislation would: Increase the maximum amount of the credit from $8,000 to $15,000 and expand the current tax credit so that it applies to any buyer of any home, not just first-time buyers Eliminate the income caps of $75,000 for an individual and $150,000 for a couple under the current tax credit so that there is no income limit for eligibility Extend the tax credit for one year from date of enactment and would still allow homebuyers to claim the credit on their 2009 tax return for purchases made in 2010. -- "Isakson Continues Push to Stimulate Housing Market," The Daily Citizen (Ga.), June 10, 2009.

Bill to Spur Home Sales Introduced to House of Representatives

Saying that it was critical to spur home sales because of their impact on our nation's economy, U.S. Rep. Howard Coble (R-NC) announced that he has introduced legislation to: Extend the [homebuyer] tax credit through January 1, 2011 (currently, the credit only applies to purchases made between April 8, 2008 and December 1, 2009) Repeal of the limitation based on modified gross income (currently, the credit would "phase out" for singles making more than $75,000 and couples making more than $150,000); income limitations aren't necessary if the credit is capped at $8,000 Extend waiver of the recapture provision. Under current law, the tax credit for purchases made in 2009 does not have to be paid back unless the homeowner sells or ceases to use the property as a principal residence within 36 months of purchase. Extending this waiver ensures that the credit isn't treated as an interest-free loan, but still requires responsible homeownership -- "Coble Introduces Bill to Spur Home Sales," The Daily Citizen (Ga.), June 10, 2009.

Chief Economist at Moody's Economy.com: "Expand the Housing Tax Credit"

"Based on simulations of the Moody's Economy.com macro model, the expanded tax credit, if extended through the end of 2010, would increase 2010 sales by almost 600,000. This in turn would generate $33 billion in additional real GDP, lifting growth in 2010 by about 25 basis points. That would translate into $56,000 in real GDP generated for each additional home sale. Benefits would flow to a range of hard-pressed industries, including mortgage lenders, real estate firms, insurance companies, property maintenance and repair businesses, and building supply retailers." -- Mark Zandi, chief economist, Moody's Economy.com, "Expand the Housing Tax Credit," Moody's Economy.com, June 16, 2009.

First Time Home Buyers Tips

Tips for First-Time Home Buyers in North Conway NH

Like any other life changing experience, buying a home for the first time can seem like an incredible challenge. However, once first-time homebuyers are able to organize their priorities, conduct some useful research and interact with a trusted North Conway NH real estate agent, confusion can quickly turn into excitement. Keeping in mind some of the basic tips outlined below can help pave the way to a successful first-time home buying experience. Prior to researching the Mt. Washington Valley real estate market and hunting for mortgages, you will need to analyze your familys goals and priorities. Take some time to reflect and determine if it is the right time to purchase your first home. You may also want to ask yourself where you want to be in the next few years and consider how purchasing a home for the first time fits into your familys long-term goals. Once you determine you are ready to purchase your first home, you may want to research the details of the home buying process. Though you may not understand everything you read, any insight you gain will help you avoid unwanted headaches further along in the process. The next important step in the home buying process may seem obvious but is often overlooked during the excitement of purchasing a first home. Very simply, as a first-time home buyer, you need to determine what you can afford. Too often, first-time home buyers underestimate or simply miscalculate the costs of owning a home. Before searching for your first home, ask yourself if your income is both adequate and reliable enough to afford mortgage payments. There are also upfront costs to consider when buying a home. Though the amount required to cover a down payment and possible closing costs will vary, there are usually some out of pocket expenses to incur when closing on your first home. Being prepared for these expenses, as well as any unexpected costs that occur after you have moved in will help your transition into home ownership. After determining what your family can comfortably afford, you should start shopping around for both homes and mortgages. By this time, you should have a good idea of what types of amenities you are looking for in a first home and what neighborhoods best match your familys needs. As your search advances, you may want to attend some open houses in your neighborhoods of interest. Even if you dont find the perfect home right away, being active in the market will give you a better chance of finding the best fit for your family. While looking at homes, you may also want to see what types of mortgages are available to your family. If you are able to determine what rates you qualify for and estimate your mortgage payment before actively bidding on a home, you can narrow down your price range and make a confident offer when the time comes. Though following the previous steps can help a first-time home buyer find the right home, buyers never need to go it alone. After conducting your own research, it is a good idea to find an agent you can trust. Besides being able to assist you when searching for the right home, a reliable real estate agent can help guide you through the home buying process. If you are patient with the home buying process and do your homework before purchasing your first home, your diligence will most likely lead you to the perfect home for your family.

Skate Puck hits North Conway, NH!

How do I hang my skateboard deck?

skateboard rackThat was the question that launched Modock Millworks of Madison, NH into the skateboard world just a few months ago. For those of you who don't even understand the question (like this real estate blogger who hasn't been on a skateboard for over 30 years...), skateboarders who have collector skateboards ("decks") or just have a deck that means something to them, like to display them. Okay, that makes sense...we display lots of stuff we are into, why not a skateboard? This task isn't as simple as it sounds though-the boards are large and curved and you don't want to damage the board (or the wall!) so using a picture frame holder or a big nail just isn't going to cut it. So what CAN you use? It turns out the options were pretty limited. Enter Modock Millworks and the craftsmanship of woodworker extraordinaire Lincoln Graves and...the "Skate Puck" was born. The beauty is in it's simplicity. It is small with a low profile (thus the reference to a "hockey skate puckpuck") but designed to mount the skateboard at a variety of angles--all without being shown. The skate puck is also eco-friendly and made from sustainably harvested wood in earth friendly packaging and the company is dedicated to recycling in all aspects of the process-from manufacturing to shipping. The price is very reasonable, less than a movie on iTunes-starting at just $10.99. Wholesale orders are also available. Check out the Skate Puck Store or visit their blog.

For more Skate Puck information check out the video below:

[youtube width="425" height="355"]http://www.youtube.com/watch?v=wDgOqLPFVGA[/youtube] Entrepreneurship is alive and well in the North Conway NH area! Start your own small business in the Mt. Washington Valley or just move here and enjoy all the White Mountains of New Hampshire have to offer! The staff at Coldwell Banker Wright Realty writes select articles about important topics related to real estate, local events and area news. For more information about buying a home or selling your current property, visit WrightRealty.com today!

The Official North Conway NH Real Estate Website!

For more than 30 years we have served the real estate needs of our neighbors and customers in:

Albany NH |Bartlett, NH |Brownfield Maine |Conway NH |Denmark Maine Eaton NH |Effingham NH |Freedom NH |Fryeburg Maine |Gorham NH Hales Location NH |Harts Location NH |Jackson NH |Madison NH Ossipee NH |Conway NH |North Conway NH

North Conway Home Videos - YouTube and Coldwell Banker

North Conway Real Estate-now on YouTube!

Coldwell Banker Real Estate recently launched an innovative branded YouTube channel designed to offer consumers a new way to search for and interact with real estate information and listings. Named Coldwell Banker On Location (www.youtube.com/coldwellbanker), the channel was created to more fully tap into the power of video for real estate search and discovery, and to drill deeper into the local insights that consumers want. To create On Location, Coldwell Banker Real Estate closely collaborated with both YouTube, a Google subsidiary, and Google to develop a customized framework and user experience offering what is arguably one of the most comprehensive and immersive brand channels on the YouTube platform. On Location is the first branded YouTube channel to use dynamic IP lookup to search for videos, which automatically serves up local results when visitors first hit the site.

An Emphasis on Video and Local Content

Two areas of strategic focus set Coldwell Banker On Location apart from other real estate Web sites. First, it showcases the power of video to bring real estate more vividly to life offering behind-the-scenes looks at towns and neighborhoods, smart tips and timely news on real estate topics, and video listings of homes for sale. Second, content posted to On Location has a strong emphasis on local information and insights, so consumers can dig deeper into the areas of the country that interest them most. Supporting this highly localized perspective is one of the more unique aspects of Coldwell Banker On Location the ability to search for videos through a special map feature that has been developed specifically for the site. The map widget is a prominent feature at the top of the On Location site and the main starting point for consumers searching for a home, a specific area of the country or more information on a real estate topic. At launch, Coldwell Banker On Location will be the first YouTube brand channel to use dynamic IP look-up, so visitors to the site will automatically be shown video search results from their own area / zip code. Then by clicking the link Browse By Map, consumers can enter the city / state or zip code of their choosing which will immediately pull up all videos posted to On Location associated with that area. These video results are displayed as icons on the map. Each search will return a wide range of video results, including video listings, spotlights on that local community and Coldwell Banker sales associate/representative profiles. Consumers can click through to view specific videos as well as connect back to the main Coldwell Banker Web site to learn more about a specific property for sale. Video is a critical part of how todays consumers want to explore real estate, and we intend to use it to an extent never before seen in our industry, said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. On Location provides an exciting new platform for our vast network of thousands of sales associates to directly share the kind of local insights and knowledge that is invaluable to consumers hoping to learn about a new area. Gillespie noted that the site will appeal to a broad range of consumers. You might be a first time homebuyer deciding between a few different towns in your area, someone about to relocate across the country, a Boomer thinking ahead to where to retire, or simply a person whos dreaming about your ideal home. No matter what stage youre at in your life or the real estate process, On Location has the insights you need served up in an exciting new format, he said. Coldwell Banker On Location is about building the Webs richest array of real estate video content that is also the richest in local insights, said Michael Fischer, senior vice president of marketing, Coldwell Banker Real Estate LLC. Its the combination of these two missing pieces of the puzzle that make this site so exciting. In addition, Coldwell Banker Real Estate is the first in the industry to put the full power of its brand and network behind a tool that represents the future of real estate the video listing. Every month, millions of people search on YouTube for real estate content," said Sam Sebastian, Classified and Local Advertising Director at Google. "Consumers are hungry for real estate-related videos. I'm thrilled that Coldwell Banker is developing such a substantial innovation for real estate video. I look forward to seeing Coldwell Banker build On Location into one of the most active destinations for real estate search, discussion and engagement. It extends the companys already robust social media strategy, which includes Facebook pages for the brand and its two founders, Colbert Coldwell and Arthur Banker, a Twitter feed (www.twitter.com/coldwellbnkr) and profiles on Flickr and FriendFeed. In addition to using YouTube as a platform, Coldwell Banker Real Estate is using the Google family of ad networks and channels for promotion of On Location. This includes both Google and YouTube search ads, YouTube banner promotions and Google TV. To learn how Coldwell Banker Wright Realty leverages these cutting edge technology tools to help you buy or sell your home visit our North Conway NH Real Estate website or see a video about Coldwell Banker On Location please visit: http://www.youtube.com/watch?v=W1AKZDhUrLY

Audio

[quicktime width="400" height="100"]http://blog.wrightrealty.com/files/2009/05/cb-wright-mp3.mp3[/quicktime]

Mother's Day in North Conway, NH

Mother's Day is this Sunday, May 10th (But you knew that...right?) and as always the Conway Scenic Railroad ( Located on Main Street, North Conway Village, NH) is offering their Mother's Day Special. Mom's ride FREE in coach when accompanied by one or more of her children. Mom will also ride FREE in first north conway scenic railroadclass when accompanied by another paying adult. Complimentary appetizers are served on the first class cars. The train departs from North Conway to Bartlett, NH at 11:30 AM. Conway departure is at 1:30 PM You can view the departure schedule and order your tickets online by visiting the Conway Scenic Railroad website.

Coldwell Banker On Location Connects on YouTube

Today May 4th, Coldwell Banker will again change the face of the real estate home buying/selling experience with the launch of Coldwell Banker On Location. By partnering with YouTube, Coldwell Banker will ultimately allow consumers to access 1000's of videos covering a wide range of topics including home listings, neighborhood features, local market conditions and trends, tips for homebuyers and sellers and much, much more.

Consumers are looking for more in their real estate search:

Coldwell Banker has been ahead of the video curve in real estate for years. The brand was the first to feature streaming video on www.coldwellbanker.com and is still the leader today. Since 2005 when the Coldwell Banker video engine was launched, consumers have become more and more accepting of video. In fact, today, video is a staple on the Web. YouTube is now the second largest search engine in the world behind its parent Google. Yahoo is third. Consumers are using YouTube for much more than entertainment. They are looking for content to assist with their home buying/selling needs and we have the expertise to assist them. Go to www.youtube.com/coldwellbanker to visit our NEW channel!

Making the Most of Curb Appeal

As more homebuyers and real estate agents use the internet to research properties, first impressions are more important than ever. Before scheduling appointments or visiting open houses, homebuyers and their agents will often drive by homes for sale and make assessments based on the exterior. More often than not, if a homebuyer doesnt like the outside of a home, they wont care to see the inside. Yet, it is possible to dramatically alter the appearance of your home with a few simple tasks. As you prepare to list your home, consider implementing some of the tips mentioned here to maximize your propertys curb appeal. Before you begin making repairs to the exterior of your home, you may want to analyze your home from a distance. Look at your home from across the street and try to pinpoint the best and worst qualities of the property. As you walk towards your home, try to make note of both your first impressions and any elements that stand out. When looking at your home from the exterior, you may also want to compare its appearance to other homes in the neighborhood. While you may feel as if you know the details of your home intimately, this step can help you think like a potential buyer and assist you in maximizing the curb appeal. When it is time to get to work, you should approach the exterior of your home in the same way you would a bedroom or kitchen. Just as you wouldnt want a prospective home buyer to see dirty dishes in your sink, you want to make sure the front of your home is as attractive as possible. While the chores associated with maximizing curb appeal will differ from home to home, the following are the most common and effective methods of enticing potential buyers indoors for a closer look: Paint Perhaps the most effective of all pre-sale repairs, a simple coat of paint to the exterior, doors and shutters can make your home appear well cared for and in good condition. When painting the exterior of the home, you may also want to consider if new door knobs and other hardware could boost the appearance of your home. If you dont replace any of the metal on the exterior of your home, polishing brass hardware and cleaning or painting iron fences can also give your home a fresh look. Lawn There are a number of landscaping tricks that may improve the curb appeal of your home. First, the lawn should be mowed, raked and edged. Next, try to thoroughly weed all planter boxes, trim larger plants and include some extra flowers near the front of the house. If any large trees hang over your home or obscure the view from the street, you may want to cut away some large branches. You may also want to consider investing some extra money into landscaping by hiring professionals to make your front yard as attractive as possible. Windows and Gutters Much like the fresh paint applied to the exterior, taking time to clean the windows can certainly change the appearance of your home. Likewise, try to keep your rain gutters free of leaves and debris as you never know where a potential homebuyer might look. Driveway If you have an old, cracked driveway, hiring a professional to reseal the surface can add to your homes curb appeal. If the driveway rests in direct sight in front of the home, this step can become even more important. Lighting As potential homebuyers could drive by your property at any time, you want to make sure your home is inviting at night. By installing a street lamp and a front porch light both of which should match the style of your home you will dramatically boost your homes 24/7 curb appeal. If you anticipate potential homebuyers coming onto the property after dark, calm lighting that lines the driveway and path to the front door can put your visitors at ease. Pressure Clean This process can be applied to both the exterior of the home and the driveway. Just one treatment can eliminate years of dirt, mold and mildew from your property. If you need to improve the curb appeal of your home before putting it up for sale, the best tool could be your ability to think like a buyer. By repairing or minimizing your propertys flaws and drawing attention to key selling points, you may be surprised by the responses you receive from potential homebuyers. The staff at Coldwell Banker Wright Realty writes select articles about important topics related to real estate. For more information about buying a home or selling your current property, visit WrightRealty.com today!

The Official North Conway NH Real Estate Website!

For more than 30 years we have served the real estate needs of our neighbors and customers in:

Albany NH |Bartlett, NH |Brownfield Maine |Conway NH |Denmark Maine Eaton NH |Effingham NH |Freedom NH |Fryeburg Maine |Gorham NH Hales Location NH |Harts Location NH |Jackson NH |Madison NH Ossipee NH |Conway NH |North Conway NH

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