The Real Estate Book: Seacoast of New Hampshire

SEACOAST OF NEW HAMPSHIRE

HOME & LIFESTYLE GUIDE Volume 30, Issue 11

Everything you ever of!

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FEATURED REALTOR: Lauren Stone Direct Line (603) 964-1931

3/30/18 3:43 PM

NORTH HAMPTON, NH - Classic, Dutch, shingle-styled 3BR gambrel located at the end of a long drive within sight, sound and smell of the ocean! Two-story entry hall, formal living room w/fireplace overlooking the patio areas and front lawn. Island kitchen features granite counters, and stainless steel appliances.

2nd Floor library w/cherry-paneled walls, bookcases and builtins w/fireplace. Spacious master suite.

Call Patrick Carey -(603 )583-1000 Exclusive - $1,295,000

RYE, NH - Classic New England seaside home on nearly 3/4 acres w/charming formal rooms, original period detailing and maple flooring w/a classic, covered wrap-around porch.

Epicurean-inspired island kitchen, over-sized family room w/ gas fireplace, audio/visual built-ins, vaulted ceilings and radiant heated floors. Luxurious master w/walk-in closet and a sumptuous bath

NORTH HAMPTON, NH - Located one mile from the ocean in sought after Country Club Estates, this 4BR custom colonial sits on a private, secluded lot. Gorgeous kitchen with top-ofthe-line DCS and Subzero appliances. Fabulous sunroom with cathedral ceilings and gas stove leading out to 2 separate mahogany decks, one with a hot tub. 3 Car garage opens into a fantastic mudroom. Expansive master suite with fireplace.

Call Patrick Carey - Cell (603) 583-1000 Exclusive – $1,289,000 Call Judy Sepanski - Cell (603) 770-6040 Exclusive - $849,000

RYE, NH - Rare 12 acre lot in downtown Rye! Beautiful, wooded lot improved with 1800sf, 3BR home, two story detached garage w/oversize doors that can accommodate at least 4 vehicles, and a three stall horse barn w/second story capable of handling 1000 bails of hay. This property is perfect for someone looking for a large parcel of land yet close to town and beaches. 10 Acres in current use.

AMESBURY, MA - Charming renovated 2BR/2BA home on .35 acre with 100" of waterfront. Property being sold with additional .25 acre wooded lot across the street. Open concept, 1,300sf home w/sunroom w/water views. Cozy living room w/gas stove. Kitchen w/granite counter tops, farmers sink, stainless steel appliances and island seating. Master suite w/ balcony overlooking water. One car detached garage.

STRATHAM, NH - Crockett Farm is a great location- only 5 minutes to Stratham and 5 minutes to Exeter. This 3BR home is immaculate and like new condition. Maintenance free home with quality interior details that include tray ceiling in dining room, palatial windows, built-in bookcases and a 1st floor master suite, open concept w/vaulted ceiling, bonus room w/ loft. Chef’s kitchen. Sunroom overlooks a huge deck.

Call Jim Giampa - Cell (603) 235-5887 Exclusive -$895,000

Call Myra Suraci - Cell (603) 382-1938 Exclusive - $665,000

Call Beth Paulson - Cell (603) 571-9477 Exclusive - $515,000

STRATHAM, NH - This 3BR/2.5BA Colonial sits nicely on a well-landscaped corner lot. Eat-in kitchen w/SS appliances, opens to family room w/gas fireplace. Wood floors, formal dining room, formal living room that could be also be a study/ home office and a large vaulted master w/walk in closet and bath. Brand new heating and hot water systems, new well pumps, newer windows and roof.

HAMPTON FALLS, NH - Directly on Route 1! This fantastic property is located in the Town Common District and is just north of Seabrook, NH I-95 and MA w/a traffic count of 22,000+ vehicles per day (NHDOT). The property consists of a 2.5 story, 1,958sf building that has been gutted and a 506sf garage on 2 acres. Wonderful opportunity for in-home business, professional office, mixed use or tear down and build to suit.

NORTH HAMPTON, NH - Charming cape on corner lot zoned I-B/R, Industrial-Business/Residential. Custom kitchen with granite and SS appliances, hardwood floors and a bright dining area with sliders leading to large deck. Detached 920sf insulated, heated garage that can hold up to 6 cars. New 3 bedroom septic TBI. Perfect for small in home business, close to Routes 1, 101 & 95!

Call Lisa Parsons - Cell (603) 770-7724 Exclusive - $389,000

Call Jim Giampa - Cell (603) 235-5887 Exclusive - $399,900

Call Amy Pender - Cell (603) 502-8488 Exclusive - $449,000

240Ocean OceanBlvd Blvd 240 Seabrook, NH Seabrook, NH

603-474-3401 603-474-3401

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560 560High HighStreet Street Hampton, Hampton,NH NH

603-929-1100 603-929-1100

655655 Wallis Road Wallis Road Rye, NH Rye, NH

603-964-7000 603-964-7000

55 Congress StreetStreet 55 Congress Portsmouth, NH NH Portsmouth,

603-431-1100 603-431-1100

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ELIOT, ME - This custom new construction home in 55+ community is ready for you to move right in! Open concept home with choice of master on first or second floor. Second floor has private deck overlooking the woods. Air conditioning splits in each bedroom, custom kitchen cabinetry and glistening wood floors. Easy highway access to NH or northern Maine.

HAVERHILL, MA - Beautiful Colonial home sited on a 0.369acre lot in Scotland Heights Subdivision. Features a dramatic 2-story foyer, hardwood floors, a bright eat-in kitchen that opens up into a cozy living room w/fireplace and slider to the deck. Private master suite w/ walk-in closet and bath. Central AC, natural gas heat and public water/sewer. 2-car oversized garage. A commuter's dream-- minutes to Rte 495 & NH border.

Call Wanda Syphers - Cell (603) 817-1060 Exclusive - $424,900 Call MaryJane Watterson- Cell (603) 289-0340 Exclusive – $379,000

ALTON, NH - New construction, spacious 2,656sf 3BR, 3BA, 2 car garage. Investor or Buyer to finish project, seller is selling as is. Master ensuite on main level, his and her closets. Grand cathedral ceiling in living room with floor to ceiling fireplace.

Open concept spacious kitchen and living room with lots of windows, slider to great deck with beautiful view and quiet serenity. Great location in the lakes region.

HAMPTON, NH - Wonderful sweeping ocean views from your living room and balcony - overlooking the in-ground community pool. Condo includes two large bedrooms and two full baths - great kitchen opening up to dining area enough to seat a large crowd. Bonus room could be office or storage. One car garage plus outside parking - storage area off garage. Home is priced to sell! No pets

PORTSMOUTH, NH - Rare Spinnaker Point Condominiums townhome located to the rear of the neighborhood backing up to woodland. Excellent floor plan features a tiled foyer, eatin kitchen, formal dining area and a sunken living room w/ fireplace that overlooks the rear patio area. Full fitness center/ gym with indoor running track, tennis court and outdoor pool - all included in your condo fee.

Call Patrick Carey - Cell (603) 583-1000 Exclusive – $369,000

SEABROOK, NH - Enjoy one level living in this double-wide home on its own land. This like-new 3BR, 2BA home is bright and sunny and features crown moldings, cathedral ceilings and has been freshly painted. Large master w/walk in closet, ensuite bath w/soaking tub and separate shower. Large kitchen w/ new appliances. View the beautiful yard from your deck.

Low taxes, close to shopping, restaurants and all major routes.

Call Wendy McHugh- Cell (603) 986-6831 Exclusive - $325,000 Call Mary Corcoran at - Cell (603) 553-4919 Exclusive-$294,500

KITTERY, ME - Bring your kayaks! This 2.2 acre waterfront, buildable lot is located on Spruce Creek. Paddle out to the Piscataqua River and ocean or stay in the coves. A 4BR septic plan and building envelope is included. Over 300 feet of waterfront with spectacular sunset views. Potential for a tidal mooring. Parcel will have 1/4 interest in private road and 650 feet of frontage. Bring your building plans!

FARMINGTON, NH - Own your own home for less then you are paying for rent? Over 1200sf, hardwood floors and newer carpet. Lower level has a huge media room, exercise room or play room. Easy access has a walkout. Very nice eat-in kitchen.

The heavy-duty storm door in the kitchen will help keep costs down. This move in ready condo could be a quick closing.

Bring your furniture and clothes - welcome home!

Call Wanda Syphers - Cell (603) 817-1060 Exclusive - $157,900

Call Cheryl Brown - Cell (603) 765-8917 Exclusive - $104,000

240Ocean OceanBlvd Blvd 240 Seabrook,NH NH Seabrook,

603-474-3401 603-474-3401

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560 560High HighStreet Street Hampton, Hampton,NH NH

603-929-1100 603-929-1100

Call Lisa Parsons - Cell (603) 770-7724 Exclusive- $250,000

HAMPTON, NH- 2BR Mobile Home in Hemlock Haven Mobile Park!! Nice floor plan for privacy with master and 1/4 bath en suite located on the south end and the guest bedroom located on the north. Large living room and eat-in kitchen. Metal roof is two years old. New oil tank. Nice back yard.

Call MaryJane Watterson - Cell (603) 289-0340 Exclusive -$79,000

655655 Wallis Road Wallis Road Rye, NHNH Rye,

603-964-7000 603-964-7000

55 Congress StreetStreet 55 Congress Portsmouth, NH NH Portsmouth,

603-431-1100 603-431-1100

3/30/18 3:43 PM

RYE, NH - A stunning 2005 4BR Cape situated on a private 1.65 acre lot in upscale Whitehorse Farms. The first floor has a stunning 2 story fireplace great room. The kitchen is well-appointed and open to the great room- great for entertaining. The first floor boasts a master ensuite w/large walk-in closet. The third floor has a bonus entertainment room with a wet bar and refrigeration.

Call Allan Rogers - Cell (603) 988-9112 Exclusive - $1,249,000

RYE, NH - Waterfront home with 110 feet of oceanfront sited on a .42 acre lot.

A completely unobstructed ocean view awaits you with access to a small beach area. The possibilities to create and build your oceanfront home are amazing. A three bedroom septic was installed in 2012. This is a must see location to truly appreciate and create your vision. Take advantage of Rye’s low taxes and NH’s income tax free state.

Call Allan Rogers - Cell (603) 988-9112 Exclusive - $1,900,000

RYE, NH - This meticulously maintained 4BR home features a two story foyer filled with light and architectural details w/an angled staircase. The formal living room is sophisticated, the dining room is grand for entertaining. The kitchen is very high end w/a flawless design for style and function. Large great room w/ fireplace opening to a four season sunroom. First floor master suite w/fireplace.

Walk to Abenaqui Country Club or walk the beautiful coastline.

Call Allan Rogers - Cell (603) 988-9112 Exclusive - $1,795,000

NORTH HAMPTON, NH - A new 4BR home sited high with unobstructed ocean views from every room. Features a large kitchen/dining area and a large living room surrounded by walls of glass facing the ocean. Designed with clean crisp lines gives the home a contemporary feel but yet is warm and inviting. Very large master en suite w/sitting room, and walk in closet. Take the elevator from the basement to all the floors. This home is built with the highest standards.

Call Allan Rogers - Cell (603) 988-9112 Exclusive -$1,799,000

GREENLAND, NH - The setting for this 5BR home on 5+ acres sits near the end of a cul-de-sac, with river frontage along Pickering Brook. Features a beautiful kitchen/living area with granite countertops, cherry cabinets and lots of natural light. Two fireplaces, beautiful beveled glass French doors, 2nd floor master suite with views. 5 minutes to I-95, a fabulous commuter location.

Call Allan Rogers - Cell (603) 988-9112 Exclusive - $750,000

RYE, NH - A 2200sf 3BR Cape, built to suit with an outstanding location, walk to Jenness Beach or the Abenaqui Country Club. Open concept first floor living w/fireplace. Three large bedrooms all en suite. Choose either a first floor master or second floor master. The laundry room can be up or down. On the second floor, you will find two more bedrooms and a living room or home office area.

Call Allan Rogers - Cell (603) 988-9112 Exclusive - $879,900

Allan B. Rogers, REALTOR® 655 Wallis Road, Rye, New Hampshire 03870

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Direct: 603-988-9112 Office: 603-964-7000 Ext 174 Email: allan@allanrogers.com

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2bd, 1 bath w/corner shower, waterfront sunroom, water views from open concept liv/din area, granite island, colorful sunrises, recessed lighting, 2 car garage, elevator, storage, not in flood zone, carpet 1 year old, elec. heat, A/C, well maintained, rental potential $2,400/summer wk. Your own slice of HEAVEN! MLS 4677358 OFFERED AT $379,000. CALL TODAY! Text R705871 to 52187

HAMPTON BEACH - 20 Page Lane. Adorable 1 BR ranch on Dead-End St. Lg open concept kitchen/dining/den. Enclosed porch, rental potential, lg full bath, W/D, radiant elec. heat, parking, shed. Small lot=More beach time + less yard work! EASY TO SHOW! MLS 4679356. OFFERED AT $269,900.

Text R715149 to 52187

UNDER AGREEMENT

HAMPTON BEACH - 28 Diane Lane. Three bedroom ranch walking distance to sandy beach and Atlantic Ocean, rental potential, good parking, large deck 19 X 9, vinyl sided, open concept living and kitchen, sunroom, full size washer & dryer, three quarter bath, dishwasher, crushed stone yard, rental history $900 a week in season, not a drive by, easy to show, call for an appointment today. MLS 4671555 OFFERED AT $268,999. Text R646298 to 52187

HAMPTON BEACH - 68 Hobson Avenue.

Adorable cottage one level ranch. 5 rm, 2bd, sunroom, gas log fireplaced living room, kitchen with sliding door onto large deck area with marsh water views, shed with shower, parking in driveway, washer/dryer. 1 1/2 bath.

MLS 4501352 OFFERED AT $299,900.

Text R646038 to 52187

HAMPTON BEACH - 2 SEASONAL UNITS - 10 Epping Ave. On the “Island Section” east of Route 1-A these 2 cottages each have 3BD & 1BA. Excellent parking!

Water views from the rear raised ranch w/potential to finish the 1st level. Covered porches. Rental potential. Purchase & sales agreements must honor summer reservations 2018. NOT IN THE FLOOD ZONE! MLS 4676838.

OFFERED AT $574,000. Text R705873 to 52187

HAMPTON BEACH - END UNIT - Unit 202, 128 Ashworth Avenue Condominiums. Elevator, assigned carport parking, Xlarge shared deck, stainless steel & granite kitchen with island, open concept liv/kit, high ceilings, condo fee $125, pet friendly w/assoc. approval, FHA electric heat w/central AC, w/dryer.

MLS 4645214 OFFERED AT $282,000.

Text R448674 to 52187

FANTASTIC LOCATION! MAIN ROAD COMING INTO SEABROOK & SALISBURY BEACHES! Seabrook-360 Rte 286. Upper level owner unit w/panoramic water views of marsh area & Blackwater River. Sunsets are beautiful.

Tons of parking. Has been a farm stand on 1st flr or park your cars! MLS# 4641522.

OFFERED AT $525,000. Text R415856 to 52187

UNDER AGREEMENT

HAMPTON - 1 -1 & 2-1 Park Avenue. Commercial Condominiums was 2 units converted to one large office and could easily be converted back to two unit with one wall. One is end unit, kitchen, 2 half baths, 5 offices, large entry and open concept office and reception area, easy to show, custom stain glass & added glass for extra lighting in office space, combined square footage 1,590. 1 Park Avenue address looks good on letterhead, not a drive by. MLS 4662495 OFFERED AT $119,900. Text R646296 to 52187

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3 Rooms to Redo This Spring Spring is the season of new beginnings, so is it any wonder that many Americans think about home improvement and brightening their decor when the weather warms? Simple updates to these three rooms can bring the cheerful perspective from the outside indoors and revive any room in time for warmer weather.

1. Make Your Bathroom Bloom Relaxed modernity is ideal for a bathroom, and a serene palette is a great way to create this calming oasis. Use the beach as your muse; pastels such as light blue and eggshell white will create an oceanfront vibe no matter where you live. To bring the coastal feel to the forefront, you can easily add waves to your walls with pre-cut rippled painter’s tape. Continue the theme of waves on your bathroom walls, accessories or even the shower curtain.

The finishing touches tie any room together, and the bathroom is no exception. The right accent rug and towels will transform the look of your bath with minimal effort and deliver maximum style. Updating your decorative accents will complement your new spring color scheme, and leave the space feeling refreshed season after season.

2. Spring-Ready Sleeping Chambers Light hues are a great go-to for spring home decorating; utilize one of the hottest trends with a white-themed bedroom. Not only is white timeless and versatile, but it allows an array of interior design options. Add crisp white curtains to your windows

to brighten the room, and for a chic addition, add a delicate white canopy to soften the atmosphere even more. For a hint of color, add in shades of muted teals on accessories throughout the room.

If your spring style calls for more color, add vibrant bursts throughout your bedroom. As the bed is the focal point of the master bedroom, make it the center of your attention as well. Fresh fabrics and linens are essential for spring, so opt for a delicate coverlet in your favorite pattern. Also, incorporate decorative vases filled with fresh flowers throughout the space, allowing the fragrance of spring to accompany your fresh decor.

3. Spring-Spruce the Living Room To kick off spring with color and character, add an assortment of patterned throw pillows to your living room. Mix and match fabrics and patterns – geometrics, florals and stripes pair well together.

It will give your living area visual texture and is the perfect way to perk up this room for the season. If you’re not in the mood for a complete room redo, use your existing color palette as inspiration; simply add in complementary shades to create a modern and harmonious look.

Looking to turn heads with a simple spring update? Reposition your furniture. First, determine the main furniture piece in the room, and place it in a position that serves as the focal point. Next, rearrange your other furnishings, photos and artwork for a whole new look without spending a dime. Be sure to keep items from blocking any natural light - a well-lit room is great for any time of year, especially spring.

Source: FrogTape.com; RisMedia

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Thinking about selling your home?

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Alan Connell (207)791-6158 aconnell@mainetoday.com “All real estate advertised herein is subject to the Federal Fair Housing Act which makes it illegal to advertise any preference, limitations, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preferences, limitation, or discrimination. We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.”

across North America

1-800-841-3401

April 23, 2018 17002.30.11.008.indd 11

EVERYTHING YOU EVER DREAMED OF! NORTH HAMPTON, NH - This prestigious New England Colonial is located in the premier community, The Boulders and surrounded by extraordinary homes. This magnificent residence is being offered for the 1st time, built with superior craftsmanship and with the highest quality throughout. The exceptional interior boasts an open concept kitchen, breakfast area and family room with a custom stone fireplace and hearth. Savor the eat-in kitchen with bar seating, new stainless steel appliances, granite countertops, plenty of storage and tile flooring.The gracious and grand layout consists of an office with builts-ins, a magnificent formal living room and an elegant dining room both with gas fireplaces. The 2nd level features an outstanding master suite with a gas fireplace, 2 walk in closets, a cedar closet and a new modern full bath. 3 additional bedrooms, 2 full baths, a large landing and laundry room are provided on this level.The finished lower level consists of a family room, gym, wine cellar with humidity control and ¾ bath. The exterior has an expansive Azec deck, a hot tub, a pond, a waterfall, a gazebo and a garden shed. 3 car garage, automatic propane generator, irrigation system, copper gutters, copper roof panels and copper chimney caps. Minutes to the ocean and all commuter routes.

Call Lauren Stone - Direct Line (603) 964-1931 Exclusive - $1,250,000

Lauren Stone Cell (603) 944-1368

3/30/18 3:43 PM

P R E P A R I N G Y O U R YA R D

for Summer

Enjoyment

N

ow that warm weather has returned, it’s time to safely begin the annual cleanup to prepare your yard for months of summer enjoyment. With the help of a professional landscaper, your yard will be ready and looking great in no time.

Start by evaluating your lawn. Look for bald spots where grass has grown sparsely and needs reseeding, or uneven areas that may need to be filled and leveled.

Before you take steps to correct any problems, you'll need a clean slate. Call your landscaper to help you clear the yard of any leaves, rocks or sticks that may have accumulated. Then cut the grass as short as possible. Your landscaper will then break up the soil in bare spots to create an environment that will be hospitable to new seed.

Lawn soil will then be added to level the surface.

An herbicide will also need to be applied to treat weed-infested areas. Allow the weed killer to work for about a week then rake again to remove dead weeds.

Then you're ready to over-seed or spot seed, depending on your lawn's needs. Your climate will determine the best grass varieties for your yard, and your landscaper will help you lay down the appropriate sod or seed. Be sure to also select a fertilizer that is consistent with your

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grass type and water thoroughly to promote deep root growth, which can help your lawn withstand extreme conditions as temperatures rise.

Your lawn isn't the only part of your yard that needs attention though. Your garden and flower beds may need some care before they, too, are ready to burst with new bounty and color.

Begin by clearing your garden and beds of any debris like leaves and other matter that piled up during months of neglect. Gently turn the soil and work in fresh fertilizer.

Before you get your landscaper to plant new shrubs and flowers, it is the ideal time to make repairs. Check edging for any damage, replace rotted woodwork and complete any other maintenance tasks. This is also a great time to explore and add new landscaping features, such as a retaining wall, pond, or stone pathway. Your landscaper will help you choose the features that will go best with your home.

By getting some of your lawn and garden care taken care of now, you will be able to take full advantage of sunny summer days outside. So reach out to your local lawn service or landscaper today!

3/12/18 1:07 PM

6 WAYS

to Get Ready to Sell Your Home This Summer

1. Find a real estate agent. Use this time to interview several agents and make the right selection.

Choose an agent with excellent local market expertise, technology savvy, and negotiating skills. The relationship you have with your agent is important, so be sure to select someone you connect with and communicate well with.

2. Make necessary repairs. If your real estate agent advises that certain repairs be done prior to listing your home, take the time to contact the appropriate contractors or service providers to help make the repairs. Make them before you list your house, as they will likely affect the price at which you can list your home.

3. Have a painting party. There’s likely more than Summer has long been one of the best and most popular seasons for selling a home. If you’re ready to put your home on the market, follow these steps to make sure you’re in prime showing shape for the summer selling season.

one room in your home that will need to be painted before it hits the market. Stick to neutral colors that help to tone down a space, as bold colors can reduce offers. Spend the next few weekends accomplishing the task.

4. Pack up. Now is the perfect time to start packing up unnecessary items. Not only will this give you a head start on your eventual move, it will declutter your home for optimal showing purposes.

5. Stage your home. Staging helps to focus on your home's strengths, downplay any weaknesses and appeal to the largest pool of prospective buyers. Move furniture around for better flow, which makes rooms seem larger. Use brighter light bulbs in lamps and fixtures to add more light and open up windows. Spruce up the kitchen cabinets with a coat of paint or at least new hardware.

6. Plan a photo shoot. Once the essential cosmetic changes have been made, talk to your real estate agent about the best time to photograph and film your house.

Make sure your surrounding property is camera-ready too. Gather photos of your garden in full bloom and your pool or patio under the bright sun so that your agent can add them to the listing.

Your trusted real estate agent will have other directives based on the specifics of your home and its location. Be sure to heed their advice as they know what it takes to get a home sold.

Reprinted with permission from RISMedia. ©2018. All rights reserved.

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Movers & Shakers

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239 IslingtonÂŽSt. Lauren Stone, Portsmouth, REALTOR NH 03801

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4

Real Estate Deal-Breakers & How to Fix Them Efficiently

BY B RO O K E C H A P L A N

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The real estate sales process can be stressful and seemingly complicated. Even a relatively smooth process can take ample negotiations and may require weeks to pass before you can close on the transaction. Some deals are increasingly complicated, and major roadblocks may develop that threaten the entire project. These are a few of the more significant factors that buyers and sellers may run into during the real estate sales process that could potentially prevent the deal from going through as planned.

Unpleasant Decor Unpleasant decor is something that buyers notice immediately, and some will only make an offer on the home contingent to some decorative updates being completed before closing. For example, some buyers may detest bold paint colors on the walls or may feel that the decor in the kitchens and bathrooms is too outdated; however, sellers may believe that the home is priced appropriately for the as-is condition and that they should not make concessions because of decor.

Both real estate agents need to review sales comps in the area to determine if other homes selling in this price range have similar decor or if they have recently been upgraded. The agents should make the buyer and seller aware of realistic expectations based on market conditions, and one or both parties may need to make concessions based on a sales price and property condition that is justified by the market.

Major Repair Issues Home repair issues may be known by both parties before a property inspection is complete, but the inspection report can potentially reveal more issues that have not been discussed. Many buyers may try to negotiate to have repair work completed before closing. You may consider taking a course on renovations (like Rules of Renovation) and other

significant home improvement projects before you agree to take on any huge projects as a buyer or a seller. These courses can help you to better estimate the cost and time it will take to complete the work that is needed.

A Low Appraised Value Many buyers will apply for a home loan to pay for their purchase. Mortgage lenders typically offer a loan amount that is a percentage of the sales price or appraised value, and they will take the lesser of these two figures into consideration. This means that an appraised value that comes in lower than the sales price could reduce the loan amount to an uncomfortable amount for the buyer. More than that, the buyer may not want to pay more money for a house than it is worth. The feasible options are for the seller to lower the sales price or to work with the appraiser to increase the appraised value.

Title Issues It is customary to review the title history on a property before finalizing a purchase, and this is a required step for anyone who is applying for a mortgage loan. This process essentially determines if the seller clearly holds title to the property or what obstacles need to be cleared before the seller can convey title to the buyer at closing. Some issues are minor and can easily be dealt with prior to closing by the title company and the seller. In some cases, however, a real estate lawyer needs to be contacted to resolve the matter.

Many real estate deals will close without a hitch, but many others will develop one or several of these issues. Many issues can be overcome when the buyer and seller work together and when enough time and patience is given to resolve the issues. You may also have to use third-party services, such as a title company or real estate lawyer, to address the issue properly.

Reprinted with permission from RISMedia. Š2018. All rights reserved.

Editor's Note: This was originally published on RISMedia's blog, Housecall. See what else is cookin' now at blog.rismedia.com.

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DID YOU KNOW...

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51

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