Porcupine Real Estate Blog
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For many Free Staters, one of the most important features when looking for a home in New Hampshire is acreage. But the downside of all that peace and space to roam can be a burdensome property tax bill. But New Hampshire has a way to save on taxes if you own more than 10 acres: “current use.” What is “current…
If you’re thinking about buying a home, it’s imperative that you get pre-approved for a mortgage before you start your search. While getting pre-approved can be tedious, it is a critical step that allows you to be ready to jump on making an offer as soon as you find the home of your dreams. It also serves to let the…
You might have heard the words “pre-approval” before, especially if you’ve just started your home search. What, exactly, is a pre-approval, and why do you need it? Below, we will answer some common questions about being pre-approved. What is a pre-approval? Getting pre-approved means that a lender lets you know the maximum price you can spend on a home, based…
While you might have a long list of things you appreciate about your new home, your lender may not agree. They don’t care if it has a pizza oven, jacuzzi tub, or patio that is perfect for outdoor gatherings. They do care if the home you are buying is worth what you’re paying. If there is ever a point where…
We all know that New Hampshire is the Free State. But, when faced with moving to a new state, why, exactly, do people pick New Hampshire? Here are some reasons from movers to the Free State: great community and economy New Hampshire’s aesthetics and the state’s laws everyone is very friendly no income tax or sales tax income-earning potential was…
Radon Levels by Town
Many buyers have questions when it comes to buying a home, but one of the most frequent we hear is: What does it cost? The Downpayment The amount of money you pay towards the home purchase upfront is the down payment. For example, if you are using a conventional loan and putting 5% down on a $400,000 property, your downpayment…
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,…
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…
Buying a home can be a little overwhelming – where do you even start? We’ve put together the five top things you should do before you start seeing homes for sale: 1. Get pre-approved for financing. We suggest going with a local, New Hampshire-based lender. If you are buying an investment property, this type of financing will work for 1-4…