43 Water Street
Exeter, NH 03833
P: (603) 778-7345
F: (603) 778-2707
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FOR THE BUYERS
The home buying process can be quite long and complex, but it can also be a great adventure. What we want to do is to educate buyers as much as possible about the entire process. Before starting about the home buying process, I first want to address the importance of being represented by a Buyer's agent.
Buying a home is the largest purchase most people will ever make, so use this home buying guide to assist you with the process. Home ownership has great benefits. Home ownership also comes with certain responsibilities.
If you're thinking about buying a home, you should also be thinking about your credit. The first step in the home buying process is understanding your credit.
When you apply for a mortgage, lenders will review your credit report. Your credit report is a history of how you've managed your finances: it's a record of money you've borrowed and your history of paying it back.
Your credit report is a record of all your credit transactions whenever and wherever you've used credit to purchase goods and services. Your credit will have a big influence on whether or not you can get a mortgage, the terms of that loan, and the interest rate. If you have good credit, you may have a much wider range of mortgage offers with lower rates.
Contact Us to discuss an in-depth overview of the Buying Process.
FOR THE SELLERS
Selling a house can be relatively simple or it can be quite complex. Since it such a significant undertaking, it will pay to become educated about the process.
It is important to think about the reasons that are motivating you to sell a home. It is even better if you will write them down and rank them in order of importance. It may be that your family is growing and you need more room. It could be a job change and relocation. It might be because you are retiring or scaling down.
Explore your short and long term goals and decide how selling your house fits into those goals. Your REALTOR® can be a huge asset here. An informed REALTOR® will be able to listen to your needs and desires and talk with you about current market conditions. Remember that there are a lot of factors involved in getting your home sold quickly. The condition of the home, location and market conditions can work for or against you.
Now it is time to talk about pricing the house. Keep in mind that pricing a house has nothing to do with what you paid for it, the dollar value of the improvements you have made, your current mortgage balance or what you want for the house. Buyers determine the sales price. Your agent will create a comparative market analysis by taking into consideration the type of market you are in and recent sales of comparable properties. Ultimately it is up to you to determine the list price, but your agent will have good guidance for you. If you don't like what the agent shows you, get a second opinion.
Often, it can be hard for you, as a seller, to maintain objectivity, so remember to be reasonable about the price you set. You will always be better off setting a fair market value price than setting your price high expecting that someone will come along and be willing to pay it. If your home stays on the market too long because it is overpriced, potential buyers may think that something is wrong with it. You may end up selling it for less than what you could have gotten if you had started out with a realistic asking price. Also, if a speedy sale is required, you may want to price the house a bit lower than the sale price of comparable sold properties.
Contact Us to discuss what really sells your property.