Porcupine Real Estate Blog
Read our blog for fun anecdotes and helpful information about life and real estate. We’d love to add you to our email list for updates; drop us a line!
Buying an investment property can be a good financial move. There are some differences between buying a primary residence and investment property, though. Obtaining a Mortgage In nearly all cases, mortgage rates for investment properties are higher than when you buy a primary residence. The reason for this is that lenders tend to view an investment property as a riskier…
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We’ve lost count of the number of times we’ve gotten an email from someone wanting to move to New Hampshire and buy land. While we heartily endorse the idea of property ownership, there are some important considerations worth sharing for folks heading down this path. Financing: typically banks lend only up to 50-70% of the purchase price on land acquisition-fewer options…
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Radon Levels by Town
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Many buyers have questions when it comes to buying a home, but one of the most frequent we hear is: What does it cost? Once you’ve negotiated the purchase and your offer is accepted on a house, you’ll need to provide an earnest money deposit. Another way to think of this is as a good faith deposit. The amount provided…
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Are you planning to sell your home soon? Then this is the time to take care of those home improvements that will make your home more attractive to buyers. As a homeowner who’s been through the buying process, you know how important it is to make a good impression. What you may not know is which improvements deliver the best…
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The novel coronavirus found a new way to disrupt lives: starting this week, home buyers applying for a new mortgage with JP Morgan, the nation’s fourth-largest mortgage lender, will need a credit score of at least 700 and will have to make a down payment equal to 20% of the home’s value. This is just one lender’s new policy; traditional FHA,…
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If you’re thinking of selling your home, you may have considered selling it without a real estate agent. Why should you pay an agent for work when you can do it yourself? Well, while you could sell your home on your own, you may lose out on some of the profit by not fully understanding the process or what costs…
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Many buyers, especially first-time home buyers and new-to-New Hampshire buyers, are unsure of what costs go into owning a home. Following are some examples of expenses you may incur when you own a home or investment property in New Hampshire. Single-family home expenses: Property taxes – Tax rates vary widely from town to town. Keep an eye on that when looking…
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Buying a home can be a little overwhelming – where do you even start? Fortunately, we are here with you every step of the way. We’ve compiled a list of steps to help you understand what you need to do when: Steps to buying a property: Get pre-approved for financing. We suggest going with a local, New Hampshire-based lender. If you…
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Investing in real estate is not just for wealthy individuals. In fact, starting a real estate investment portfolio is often the best way to build your own source of passive income and long-term wealth. And the best part? You don’t have to be independently wealthy to do it. Not sure where to start? We’ve compiled a list of our most…
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