- Sales are looking up according to national, state and regional economists for New Hampshire and specifically the Seacoast area.
- Single-family home statistics:
- June saw the best monthly residential sales total since June 2007.
- July produced the most $1,000,000 plus sales since June 2008
Call me for a FREE no obligation market analysis. 603-294-5713
For anyone thinking about hiring a builder for custom work, here are some points to consider:
· Hire a good real estate attorney who has experience with new-construction contracts, knows state law, and is familiar with the issues unique to the area in which the property will be built.
· Talk to other customers. Ask how satisfied they are with the builder and how his projects have held up over time.
· Investigate. Search the builder’s name and company online and make sure that there aren’t lots of complaints about him.
· Expect him to negotiate. In this market, a potential customer should be able to expect that a builder will be flexible.
Source: Thinkglink.com, Ilyce Glink (08/27/2010)
If you are buying or selling property, be aware that there are state taxes to be paid at closing. The Real Estate Transfer Tax in New Hampshire is a tax on the sale of real property and is imposed on both buyer and seller at the rate of $7.50 per $1000 of the sales price (rounded up to the nearest dollar).
In addition, the State of New Hampshire has instituted an additional surcharge of $25.00 per recording on each Mortgage Discharge, Deed, Mortgage and Plan. This State fee is to fund The Land and Community Heritage Investment Program (L-HCIP).
For questions about these taxes or any other anticipated closing costs, call our affiliated title partner, Broker’s Title & Closing, LLC at 603-434-1414.
Posted: 20 Apr 2010 12:52 PM PDT
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