Gorham NH Scenic Moose & Wildlife Tours
0 comments • Team NER • May 26 2010 08:50AMCombine Purchase, Repair Money In One Loan
Combine Purchase, Repair Money In One Loan
So you've found a home, perhaps a foreclosure, that's in the right location at the right price. You'd love to buy it, but it needs some work. And the seller, which may be a lending institution or the U.S. Department of Housing and Urban Development (HUD), is not offering to help pay for the fix-up. Is there a way to finance the repairs so that you don't have to come up with what may be thousands of dollars?
There is if you're going to be using an FHA-insured loan. Through what's known as the 203(k) program, you can add the repair costs into a primary mortgage and finance it over the life of the loan - at a much lower interest rate than with conventional alternatives.
The 203(k) is becoming very important right now, because there are so many bank-owned homes on the market, you can't work with the sellers to get homes repaired.
The FHA (Federal Housing Administration) doesn't actually lend money, but insures lenders against a loss if a borrower defaults on a loan. FHA-insured loans require lower down payments (3.5 percent) than conventional mortgages and have more flexible requirements, allowing borrowers with less than perfect credit to obtain a loan with a competitive interest rate.
Hopper provides these tips for buyers interested in a 203(k) loan:
- Work with a lender that has expertise in the program; not all do. A professional real estate agent should be able to help you identify such a lender.
- Be aware that closing a 203(k) loan will take longer than a conventional loan, so patience is a plus. Lenders may request additional paperwork throughout the process, so you need to be fully engaged.
- The amount of the loan will be based on the appraised value of the home after repairs are made.
- Contractors can't be related to the buyer, real estate agent or lender. And they must be validated by the FHA. You should make sure any contractors you're interested in using have filled out the paperwork to get validated. The contractor may be validated in as little as 10 days. The FHA can provide names of contractors who've already been validated.
- For some types of repairs, you can perform the work yourself if you're qualified. However, you can't be paid for the work.
- You're not required to get multiple bids, but it's in your interest to do so. After all, you'll be paying it off over 15 or 30 years.
- You can't use a 203(k) loan as an investor; only as an owner occupant. You can use the program for dwellings up to four units, provided you live in one of the units.
- You can use the 203(k) to fix up a condo, but only the interior.
It may take a little more time and effort, but a 203(k) loan can help you get into your dream home at a bargain price.
Read more about the 203(k) program.
Find a RE/MAX agent in your area.
Search for homes in your desired neighborhoods.
Search foreclosed properties.
The advice offered here comes from sales associates affiliated with independently owned and operated RE/MAX offices and may not be applicable to all areas. Contact an independent RE/MAX agent near you for expertise tailored to your locale.
0 comments • Team NER • May 24 2010 01:41PMBerlin NH: Robin Hood Rally Kicks Off In Berlin NH May 22 & 23 - Amateur Race On Closed Roads To Benefit Local Community
New York, May 17, 2010: The Robin Hood Rally, a series of amateur races on closed public roads across the US, will kick off the 2010 series in Berlin, New Hampshire on May 22nd and 23rd. The band of 55 merry men and women will spend two days racing Porsches, Ferraris, Corvettes, Lotuses, STIs, racing cars and other exotic machinery and then spend two nights enjoying the local hospitality of Berlin.
All proceeds of local tickets sales will be donated to the City of Berlin. One-day tickets are $10 in advance, two day passes are $15 in advance and one day tickets are $15 at the gate, available at http://robinhoodrally.com/productcart/pc/Event-Tickets-c8.htm. Spectators at the scale house on the Laidlaw property will have a view of almost the entire race course.
The Rally is comprised of 10 races throughout the US, with contestants competing for prizes in excess of $500,000 including a Ferrari F430, a Porsche 911, a Corvette Z51 convertible and a set of steak knives. The races are being filmed for a reality show to be aired nationally later this year.
"Berlin is a wonderful place for the Robin Hood Rally to kick off," said State Representative Paul H. Ingersoll, Sr. "We are so proud to be the first location that the Robin Hood Rally kicks off and we look forward to hosting it again in the future."
The schedule for Saturday, May 22nd and Sunday, May 23rd:
8:30AM: First run - race kicks off in the Laidlaw parking lot
12:30PM Trackside lunch
Robin Hood Rally President Stephan Condodemetraky and Executive Producer Michael Noval will be available for interviews throughout the day.
TALENT: Stephan Condodemetraky - President, Robin Hood Rally
Stephan has been involved with racing for the past 10 years. In his past positions, Stephan successfully developed the Club at Lime Rock Park, (www.limerockclub.com), a private racing club located at the 50 year old historical road racing facility in Lakeville, CT known as the Road Racing Capital of the East. Previously, as President of Club Motorsports, Inc. (www.clubmotorsports.com), he successfully developed the concept of building a Motorsports Country Club, a new concept involving the use of a road course facility to create a driving and enthusiasts club similar to those developed using golf courses. An avid racer, Stephan has successfully completed the Skip Barber Racing School Three Day Racing School along with the Advanced Two Day Racing School and has spent many track days at Lime Rock Park, Watkins Glen, and Road Atlanta.
Talent: Michael Noval - Executive Producer, Robin Hood Rally
Michael has won four Primetime Emmys and been nominated for PGA and DGA awards for his work on the CBS reality hit "The Amazing Race." Since 1995, Michael has worked on numerous shows, including "The Discovery Channel World Championship Adventure Race" as Producer/Writer & Narrator and other notable reality/docu-tainment series for National Geographic, Discovery Channel and SPEED. Michael has been involved in motorsport racing since childhood and participated in multiple disciplines as a driver.
SUGGESTED QUESTIONS:
* What is The Robin Hood Rally? * How does Berlin NH benefit from hosting the two-day race? * Who are the racers and how is the winner determined? * What are the prizes?
For press credentials or to set up an interview with Stephan Condodemetraky or Michael Noval, please contact Karen Hertz at Squeakywheel Promotions, 914.393.6971 or karen@squeakywheelpromotions.com.
About The Robin Hood Rally
Kicking off in May 2010, the Robin Hood Rally gathers 55 amateur racers as they spend two days completing timed runs on a designated Rally Course in 10 host cities spanning the American landscape. Representing a wide socio-economic mix limited only by their imagination and raw talent, racers compete for prizes including a Ferrari F430, a Porsche 911, a Corvette Z51 convertible and a set of steak knives. 100% of proceeds from ticket sales are donated back to host cities.
The Robin Hood Rally will air on television later in 2010.
0 comments • Team NER • May 20 2010 03:46PMBerlin awarded $4.3 Million for Neighborhood Stabilization
| $18 Million Approved to Improve Blighted, Foreclosed Upon Housing Governor & Congressional Delegation Pleased Money Is Going Into Communities Neighborhoods in Berlin, Manchester, Nashua, and Rochester Will Be Transformed into Marketable Areas CONCORD, NH - The New Hampshire Community Development Advisory Committee of the Community Development Finance Authority (CDFA), Concord, voted to award $18,030,000 in federal Neighborhood Stabilization Program (NSP) funds. The money provides targeted financial investments to help address foreclosure problems in neighborhoods in Berlin, Manchester, Nashua, and Rochester in order to make them more stable and sustainable for people of low, moderate, and middle incomes. The projects will soon go before Governor and Executive Council for final approval. "These grants will allow communities to purchase and rehabilitate properties that will provide more affordable housing opportunities for our hard-working men and women, and help strengthen struggling neighborhoods," Gov. Lynch said. The City of Berlin was awarded $4.3 million to redevelop foreclosed, vacant, or abandoned properties in the Notre Dame High School, Granite Street, and Lower East Side neighborhoods. These areas were deemed by the city to be in most danger of being overrun by dilapidation. The funds, depending on the locations used, will help to rehabilitate or demolish the structures, and new modular energy efficient homes will replace some of them. Additionally, the city will create small parks on some of the sites of demolished properties in all three of the neighborhoods. The city will be partnering with AHEAD and New England Family Housing to complete the projects. The City of Manchester was awarded $7.74 million and will sub-grant portions to other organizations to redevelop foreclosed, vacant, or abandoned properties in West Granite, Corey Square, and the Hollow neighborhoods. The city will convert a vacant commercial building in the Hollow into affordable housing. The Way Home and Families in Transition will redevelop properties in and near the Hollow and Corey Square neighborhoods to provide permanent, service enriched, affordable housing for homeless families and individuals. NeighborWorks® Greater Manchester will redevelop affordable single- and multi-family homes in the West Granite Neighborhood to sell to graduates of their HomeOwership program. The City of Nashua was awarded $1.5 million and Harbor Homes, Inc., in Nashua, was awarded $2.09 million to redevelop vacant and/or foreclosed properties into affordable housing. The City will use the funds to convert a blighted downtown property. Harbor Homes will develop permanent service-enriched housing in the Tree Street neighborhood for families and individuals who are homeless or at risk of becoming homeless. The City of Rochester was awarded $2.4 million and will work with the Housing Partnership to redevelop bank-owned residential properties in the Cold Spring Park neighborhood, near downtown, into affordable homeownership opportunities for families and individuals. A statement from Senator Jeanne Shaheen included, "This funding will help revitalize neighborhoods and entire communities dealing with the negative effects of home foreclosure. Redeveloping these properties will help stabilize home values for all homeowners, which is in the best interest of our communities and local economies." NSP funds are through the U.S. Department of Housing and Urban Development (HUD) and are part of the Housing and Economic Recovery Act of 2008. The program is designed to turn around neighborhoods in decline due to foreclosure, abandonment, and blight. All NSP grantees will incorporate green energy standards to increase the efficiency and affordability of the properties. They will have until March 9, 2013, to complete their projects. The communities of Barnstead, Claremont, Farmington, Franklin, Hillsborough, Laconia, Newport, Ossipee, Pittsfield, Raymond, Wakefield, and Whitefield were identified as in need of assistance, but, because of limited NSP funding, will qualify for funds once recycled program funds are returned from the current NSP grantees in mid 2010. "This funding will help more working families find homes," Congressman Paul Hodes said. "It will revitalize neighborhoods and help stem the foreclosure crisis which is hurting our economy. I was proud to work with members of the delegation to bring this important funding to New Hampshire." "Granite Staters have always been committed to building healthy, strong, and vibrant communities," said Congresswoman Shea-Porter. "These important funds will help struggling neighborhoods recover from the effects of foreclosures and will provide much-needed affordable housing options." CDFA, created by legislation in 1983, is a nonprofit public instrumentality of the State of New Hampshire. CDFA administers $32 million in annual funding resources, which includes a combination of state tax credits and federal Community Development Block Grant and Neighborhood Stabilization funding. CDFA supports affordable housing and economic development activities that benefit low- and moderate-income citizens. For more information about CDFA or its programs, please visit www.nhcdfa.org or call 603-226-2170. |
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0 comments • Team NER • May 18 2010 12:04PMTips For Selling Your Home
If you're thinking of selling your home, keep in mind that buyers appreciate a clean look in the homes they view. You can increase the value of your home and decrease the time it takes to sell by making a few simple improvements.
Aroma is the first thing prospective buyers notice when they step inside a home. To eliminate odors, steam clean your carpet and wash walls and floors withhousehold cleaners and disinfectants. Keep your home smelling fresh by burning candles or potpourri, boiling a pot of cinnamon sticks or putting a dab of vanilla on cold light bulbs before turning them on.
Nothing makes a home look newer faster than painting. Painting your walls and removing outdated wallpaper may be the best interior improvements you can make. For broader appeal, paint in neutral colors such as beige, white, off-white, or gray. These colors suggest newness and cleanliness and can brighten a dull or outdated room. If your carpet is badly worn, outdated or stained, consider replacing it. If your carpet is heavily soiled, you may want to have it professionally cleaned. Brighten the interior of your home by cleaning your windows and opening your curtains to let light in. Clean hanging light fixtures and add the highest-wattage bulbs allowed. Below are 20 suggestions to help you sell your home.
Make the Most of that First Impression: A well-manicured lawn, neatly trimmed shrubs and a clutter-free porch welcome prospects. So does a freshly painted - or at least freshly scrubbed - front door. If it's autumn, rake the leaves. If it's winter, shovel the walkways. The fewer obstacles between prospects and the true appeal of your home, the better.- Invest a Few Hours for Future Dividends:
Here's your chance to clean up in real estate. Clean up in the living room, the bathroom, the kitchen. If your woodwork is scuffed or the paint is fading, consider some minor redecoration. Fresh wallpaper adds charm and value to your property. Prospects would rather see how great your home really looks than hear how great it could look, "with a little work." - Check Faucets and Bulbs:
Dripping water rattles the nerves, discolors sinks and suggests faulty or worn-out plumbing. Burned out bulbs leave prospects in the dark. Don't let little problems detract from what's right with your home. - Don't Shut Out a Sale:
If cabinets or closet doors stick in your home, you can be sure they will also stick in a prospect's mind. Don't try to explain away sticky situations when you can easily plane them away. A little effort on your part can smooth the way toward a closing. - Think Safety:
Homeowners learn to live with all kinds of self-set booby traps: roller skates on the stairs, festooned extension cords, slippery throw rugs and low hanging overhead lights. Make your residence as non-perilous as possible for uninitiated visitors. - Make Room for Space:
Remember, potential buyers are looking for more than just comfortable living space. They're looking for storage space, too. Make sure your attic and basement are clean and free of unnecessary items.
- Consider Your Closets:
The better organized a closet, the larger it appears. Now's the time to box up those unwanted clothes and donate them to charity. - Make Your Bathrooms Sparkle:
Bathrooms sell homes, so let them shine. Check and repair damaged or unsightly caulking in the tubs and showers. For added allure, display your best towels, mats and shower curtains. - Create Dream Bedrooms:
Wake up prospects to the cozy comforts of your bedrooms. For a spacious look, get rid of excess furniture. Colorful bedspreads and fresh curtains are a must. - Open up in the Daytime:
Let the sun shine in! Pull back your curtains and drapes so prospects can see how bright and cheery your home is. - Lighten up at Night:
Turn on the excitement by turning on all your lights - both inside and outside - when showing your home in the evening. Lights add color and warmth, and make prospects feel welcome. - Avoid Crowd Scenes:
Potential buyers often feel like intruders when they enter a home filled with people. Rather than giving your house the attention it deserves, they're likely to hurry through. Keep the company present to a minimum. - Watch Your Pets:
Dogs and cats are great companions, but not when you're showing your home. Pets have a talent for getting underfoot. So do everybody a favor: Keep Kitty and Spot outside, or at least out of the way. - Think Volume:
Rock-and-roll will never die. But it might kill a real estate transaction. When it's time to show your home, it's time to turn down the stereo or TV. - Relax:
Be friendly, but don't try to force conversation. Prospects want to view your home with a minimum of distraction. - Don't Apologize:
No matter how humble your abode, never apologize for its shortcomings. If a prospect volunteers a derogatory comment about your home's appearance, let an experienced Real Estate Agent handle the situation. - Keep a Low Profile:
Nobody knows your home as well as you do. But a Real Estate Agent know buyers - what they need and what they want. Your Real Estate Agent will have an easier time articulating the virtues of your home if you stay in the background. - Don't Turn Your Home into a Second-Hand Store:
When prospects come to view your home, don't distract them with offers to sell those furnishings you no longer need. You may lose the biggest sale of all. - Defer to Experience:
When prospects want to talk price, terms, or other real estate matters, let them speak to an expert - your Real Estate Agent. - Help Your Agent:
Your Real Estate Agent will have an easier time selling your home if showings are scheduled through his or her office. Offer to keep an eye on the brochure box attached to your sign and make sure it is always filled with flyers. Try to accommodate prospective buyers when they want to see your home. - For more information on selling your Northern NH property please contact RE/MAX Northern Edge Realty.
Dream Home located in Gorham NH For Sale!
0 comments • Team NER • May 14 2010 01:52PMRE/MAX Northern Edge Realty: We are more than just real estate!
Berlin NH: Our team of Realtors are actively involved in their community, whether it is their creation and success of their Giving Back Campaign 2010 or volunteering to assist the areas youth. RE/MAX Northern Edge Realty is more than just real estate, we are a different kind of real estate company.
RE/MAX Northern Edge Realty is located on 232 Glen Avenue Berlin NH (603) 752-0003. Visit us online at TeamNER.com
Join our team to fight Cancer! Berlin-Gorham NH Relay For Life 2010
0 comments • Team NER • May 13 2010 09:14AMLandlord Problems in Berlin NH? Looking for a Rent in Berlin NH?
Are you having landland problems? Are you looking for a Rent in Berlin NH?
If you answered yes to either one of the above questions please contact Northern Edge Property Management located in Berlin NH (603) 752-1112
Northern Edge Property Management located on 232 Glen Avenue (603) 752-1112.
Landlords: Do you need property management or help finding the right tenant? If so, call us today!!!
0 comments • Team NER • May 10 2010 12:09PMBerlin NH Real Estate: Thinking Of Selling Your Berlin NH Property?
Why RE/MAX Northern Edge Realty?
Our Team of Realtors have been involved in 75% of all property sales in Berlin NH since January 1st 2009!
Thank you Coos County for making us #1 in Total Sold $ Volume beginning May 6th 2006 through May 6th 2010!
Contact our Berlin NH office today: TeamNER.com (Team Northern Edge Realty) 603-752-0003.
(Based on Coos County mls statistics & Berlin NH mls statistics obtained from the Northern New England Real Estate Network for the periods of 01/01/2009 through 05/06/2010 & 05/06/2006 through 05/06/2010)
Gorham NH Dream Home For Sale~
Gorham NH: 18 Gorham Heights Road. An amazing property situated in the picturesque White Mountains of NH. Enjoy views of Mount Washington year round and the quiet and private country setting (2.85 Acres) yet still being close to town amenities. Home is well landscaped with perennials, rock walls and your own private pond with an assortment of Koi. 2,875 sqft of living space and an additional 1900 sqft full basement with three car attached garage. Do you enjoy riding ATV's and snowmobiles? If so, you will love the garage and basement bonus feature! Well constructed, great attention to detail and pride of ownership can be seen throughout this gorgeous home. MLS#2832812. List Price: $359,000!
For more information visit RE/MAX Northern Edge Realty Online at TeamNER.com
0 comments • Team NER • May 04 2010 03:02PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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