Porcupine Real Estate


Posted by Mark Warden on 10/10/2017

As a homebuyer, entering the real estate market with insights into what it takes to find the perfect house is essential.

Becoming an expert homebuyer, however, may seem impossible at times. Lucky for you, we're here to help you gain the knowledge and skills you need to make your homeownership dreams come true.

What does it take to become an expert homebuyer? Here are three tips to help you do just that.

1. Look at Real Estate Market Trends

The housing market ebbs and flows. Therefore, a seller's market today may transform into a buyer's market tomorrow.

Ultimately, the real estate market fluctuates constantly, and you'll want to learn as much as possible about the housing sector to ensure you can map out your homebuying journey accordingly.

In a buyer's market, there are usually more home sellers than buyers. This means homebuyers may be better equipped than ever before to secure a top-notch house at a budget-friendly price.

On the other hand, a seller's market features an abundance of homebuyers and a shortage of sellers. For homebuyers who operate in a seller's market, they may be forced to submit competitive offers on homes quickly, or risk missing out on a dream residence to a rival.

When you study the housing market, don't forget to check out the prices of residences that recently sold. By doing so, you can gain a better understanding of how much you'll likely need to pay to acquire a first-rate house based on the current state of the housing market.

2. Learn How a Mortgage Works

What differentiates a fixed-rate mortgage from an adjustable-rate option? An expert homebuyer will know the ins and outs of assorted mortgage options and select one that corresponds to his or her finances.

To learn about mortgages and how they work, you'll want to meet with credit unions and banks. These lenders can describe the different types of mortgages and the pros and cons associated with them.

Also, an expert homebuyer will get pre-approved for a mortgage. With a mortgage in hand, this homebuyer will be able to stick to a price range as he or she searches for the ideal home.

3. Collaborate with a Real Estate Agent

Let's face it – no homebuyer can afford to make mistakes. Fortunately, you can work with a real estate agent to receive expert guidance as you navigate the homebuying journey.

A real estate agent boasts the skills and know-how needed to streamline the homebuying process. He or she may have many years of housing market experience and is happy to teach you about the opportunities and challenges associated with buying a house.

Furthermore, a real estate agent will help you accelerate the homebuying cycle. He or she can set up home showings, negotiate with home sellers on your behalf and much more. That way, you can focus on what's important – finding a terrific house at an affordable price.

Take advantage of the aforementioned tips, and you can become an expert homebuyer.




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Posted by Mark Warden on 9/5/2017

Thinking of selling your home? Don't make these pricing mistakes! 

How do I know at what price to list my home?

When selling your home, it is imperative to price your home correctly. Price it too low, and you'll lose out on maximizing profits; price it too high and the listing will become stale and lose momentum.

Some of the factors that influence market value: 

- Is housing inventory low? 

- Are mortgage rates low? Are they rising? 

- What are other homes (excluding short sales and foreclosures) selling for? 

- What have other homes sold for in the last few months?

- How valuable/important are my upgrades to buyers?

- Age, style, condition, cleanliness, obsolescence of the house.

- Schools’ reputation, new developments, taxes in my town.

Frequently Heard Comments

"We want to price it high so we have room to negotiate..." 

This pricing strategy can result on the listing being on the market for a very long time until the right buyer who is willing to pay a premium comes along. Pricing at fair market value can result in a faster sale and potentially multiple offers.


"My Zestimate is..."

Many homeowners check the Zestimate on Zillow and think that is a fair value for their house. While Zestimates can give you a general idea of the value, the numbers are not accurate and you should never rely on them to give a fair market value of your house. 

There are many factors that go into determining the market value of your house, including things like the location (does your home back up to a highway?), upgrades (do you have top of the line kitchen appliances or custom tile work?), condition (is your carpet threadbare in places; are there holes in the wall?), and more. 

Zillow Zestimates (and similar AVM functions on other sites) are computed using physical facts and sales history across an entire area and do not take subjective features that are unique to the property (like those listed above) into account. In fact, Zillow even goes so far as to suggest you have a real estate agent do a comparative market analysis instead of relying on their Zestimate.


"Let's do an open house! And more advertising!"

If a home is not priced competitively, no open house or additional marketing will help to sell it. Your home needs to be priced right from the beginning to capture the buyers who are ready, willing and able to purchase it. It’s also critical that the listing has an impressive online presence, including professional photographs and thoughtful write-up by your listing agent. Our listings get put in MLS, which gets syndicated to all the main real estate aggregators and search engines, so it will be seen by everyone on the Web. Ask us for more details about this.


"If my home doesn't sell in the first few months, I'll just wait until the busy season comes back." 

While it may be tempting to let your home sit on the market, the fact is that the longer a listing sits, the less interest it will get. Buyers start to believe that there may be something wrong with it, or that it is overpriced. Alternately, taking the listing off and putting it back on during the busy season can also be a bust. Savvy buyers will notice the previous listing, and if there isn't a price drop, will question the condition and price of the home.


"Whoa! My home sold in only (x) days! I bet we priced it too low..." 

There is a common misconception that a home selling fast must have been priced low. In fact, if a home is priced too low, the seller will likely receive multiple offers and the market will adjust the price to where it needed to be. 


Well, what exactly *is* the right price, then? 

Statistics show that if in the first few weeks on the market you get zero to very few showings, you can bet that your home is overpriced. The buyer and the buyer's real estate agent will have done research to advise that the home is not priced at fair market value. Additionally, even if the buyer wants to put in a higher offer, the home may not appraise and they may not be able to obtain a mortgage. 

If you are in an active market and have several showings in the first few weeks, but no offers, then the home is slightly overpriced and the price should be adjusted.

What does this mean? 

If your home is overpriced, you will eventually have to lower the price to the fair market value if you want to sell. Meanwhile, the buyers who came through initially and thought the home was overpriced have now gone off and bought something else while you were waiting for that one special buyer. 

Pricing your home competitively from the beginning is critical to getting it sold quickly and at the best price. If you overprice your home, it may sit on the market for months (or years!), giving the perception that something is wrong with it.




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Posted by Mark Warden on 7/8/2017


601 Hall Street, Manchester, NH 03104

Single-Family

$229,000
Price

4
Bedrooms
8
Rooms
2
Baths
Classic styling and charm with modern updates. This home had much remodeling done in 2009, including new kitchen and bathrooms. Turn-key home, just bring your dishes, furniture and toothbrush. Excellent location in desirable 03104 ZIP code with easy access to highways, shopping and downtown. Flex space could be 4th BR or office. Upstairs loft could be converted to a 5th bedroom relatively easily. Quick close possible. Fenced back yard with patio. Recently paved driveway for 3 cars. Best VALUE in the NORTH END. Natural gas heat and HW keep your costs low. First floor laundry for convenience. Great value and priced to move! Interior recently painted just for you.
Open House
Sunday
July 09 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 601 Hall Street, Manchester, NH 03104    Get Directions






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Posted by Mark Warden on 6/15/2017

Welcome home to this spacious Hillsborough home with plenty of room for the whole family! This 3 bedroom home features a private landscaped backyard with plenty of room for playing and entertaining. Enjoy summer barbecues on the multi-level deck. Or invite guests inside, with central air conditioning, while you cook meals in the large open kitchen. In the cold months, cozy up by the pellet stove in the living room. You'll fall in love with the bonus room above the garage. With a 3/4 bath, wet bar, wood stove, balcony and plenty of room, this would make an excellent master suite, in-law suite, rec room, media room, man cave, game room or whatever your heart desires. Featuring a first floor laundry, backup generator hookup, walk-out basement and large bedrooms, you'll have all the space you need in a convenient location - only 30 min to Concord & 40 min to Keene. Abundant outdoor recreation is nearby as well.

This is a Colonial style home and features 6 total rooms, 1 full bath, 1 half bath, 1 3/4 bath, 3 bedrooms, 0.92 Acres, and is currently available for $234,000.

For complete details click here.





Posted by Mark Warden on 6/14/2017

Looking for a home that is close to everything but with the peacefulness of country life? This contemporary-style home in Wilmot delivers! With an open concept layout, this home has been well-loved and is ready for its new owners. The kitchen boasts a full pantry with floor to ceiling shelves and plenty of storage. The wood stove and chimney are central to the entire house, keeping you warm and toasty in winter. Three bedrooms, including a large master suite that is a perfect retreat at the end of your day. Spacious mudroom is the perfect place to take off muddy or snowy shoes and boots.The large yard invites summer barbecues and outdoor games and even has pear trees, an apple tree, blueberries and raspberries. The storage shed offers plenty of space for gardening tools and the wood shed will keep the wood dry. Walk to the library, less than a half mile away, or drive to swimming, kayaking, & fishing within a few minutes at nearby town beach. Shopping & restaurants are in neighboring N

This is a Contemporary style home and features 6 total rooms, 1 full bath, 3 bedrooms, 1.26 Acres, and is currently available for $189,000.

For complete details click here.




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