Bank Owned Condo at Cranmore Birches in North Conway NH real estate

November 7, 2012 By Bill Barbin Leave a Comment

We're sorry, but we couldn't find MLS # 4196411 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Back to Home North Conway NH and Bartlett NH Condos Jackson NH Real Estate Bartlett NH Real Estate

QUICK LOAN MATH: $146K loan at 3.5% for 30 yrs. = $656/month + $400/month est. taxes and insurance + $142/month condo fee = $1198/month for a $2300sf townhouse with plowing and trash fees included!!

Bank Owned Cranmore Birches 3 Bedroom + condo in good condition. Deck and 2 balconies. Attached Garage. 1/4 mi. to Cranmore Mtn Resort. Townhouse style condo at Bank Owned prices!!
Call Me, Bill Barbin at 603-986-0385. I am the listing agent and will do my best to help you get this property. Work with any other agent and you will not get my help.

Listing Price: 163312
Address: G1 Cranmore Birches II
City: North Conway
State: NH
ZIP: 03860

MLS # (if any): 4196411
Square Feet: 2300
Bedrooms: 3-4
Bathrooms: 2.5
Basement (full, 1/2, finished, unfinished): Full, Finshed, Walk out

Home

Filed Under: Bartlett NH real estate, Jackson NH real estate, My Listings, NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH Condos, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH condos, North Conway NH foreclosures

Homeownership: The American Dream

July 19, 2012 By Bill Barbin Leave a Comment

Posted: 18 Jul 2012 04:00 AM PDT

As a real estate professional, it’s important to understand, and remind yourself, that homeownership really is the American Dream and your job is be the guardian and guide to make that dream a reality. This is especially important in a market where some people may be misinformed about the benefits and possibilities of buying a home.

The good news is 96% of homeowners see homeownership as a positive experience and 88% of renters aspire to own a home. This is true in the United States more than any other country. Owning a part of our country has always been the American Dream and as an agent you are instrumental in this dream. It’s your job to help guide people to their ultimate goal of homeownership.

The first thing you must realize is that homeownership is NOT about the money. In fact, if we look at Fannie Mae’s quarterly National Home Survey, as far back as we can go, the top four reasons for buying a home are the same. The top four reasons people buy a home are:

It means having a good place to raise children and provide them with a good education
To have a physical structure where their family feels safe
It allows for more space for their family
It gives them control over what they do with their living space including renovations and updates.

Homeownership means something more to people and their families than just financial considerations. It’s up to you to be ready to communicate ALL the advantages to homeownership, not just the financial ones.

In tomorrow’s post, we will address more advantages of homeownership.

Filed Under: Bartlett NH real estate, Jackson NH real estate, NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH Condos, Bartlett NH real estate, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH real estate for sale, Tamworth NH foreclosure

Nearly 16M Homes Are Now Underwater

May 30, 2012 By Bill Barbin Leave a Comment

Posted: 30 May 2012 04:00 AM PDT

Zillow just reported that their data shows nearly 16 million homes in this country are now in a negative equity position where the house is worth less than the mortgages on the home. This number is dramatically higher than the approximate 11 million reported by other entities. Why the huge difference? Zillow professes to take into consideration ALL loans on the property not just the most recent loan (purchase or refinance).

The key findings in the study:

Nearly one-third (31.4 percent) of U.S. homeowners with mortgages – or 15.7 million – were underwater on their mortgage.
A slower pace of foreclosures after the robo-signing issues of 2010 contributed to slower progress in working down negative equity. Foreclosures cause homes to come out of negative equity when a bank or third party takes ownership.
Nine in 10 homeowners continue to make their mortgage and home loan payments on time, with just 10.1 percent of underwater homeowners more than 90 days delinquent.
Nearly 40 percent of underwater homeowners, or 12.4 percent of all homeowners with a mortgage, owe between 1 and 20 percent more than their home is worth.
An additional 21 percent of underwater homeowners, or 6.6 percent of all homeowners with a mortgage, owe between 21 and 40 percent more than their home is worth.
About 2.4 million, or 4.7 percent of all homeowners with mortgages owe more than double what their home is worth.

How can negative equity impact the housing market? In the report, Zillow Chief Economist Stan Humphries explains:

“Not only does negative equity tie many to their homes, by making homeowners unable to move when they may want to, but if economic growth slows and unemployment rises, more homeowners will be unable to make timely mortgage payments, increasing delinquency rates and eventually foreclosures.”

Nearly 16M Homes Are Now Underwater.

Filed Under: Bartlett NH real estate, Buying a NH home, Jackson NH real estate, NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH, Bartlett NH condo, Bartlett NH real estate, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH real estate for sale, North Conway NH ski house

Sales Are Up. Prices Still Have a Way To Go.

May 15, 2012 By Bill Barbin Leave a Comment

Posted: 15 May 2012 04:00 AM PDT

We believe the housing market is recovering. We believe that sales will be robust through the rest of the year. However, we also believe that the increase in demand will not impact prices in a big way as we think there will also be an increase in the supply of homes coming to the market. This increase in supply will offset the increase in demand. The increase in supply will be fueled by two categories of inventory:

Foreclosures entering the market as a result of the National Mortgage Settlement
Pent up supply of homeowners who have been unable to sell their homes over the last several years

There have been several recent headlines making strong statements about home values in the country. We must be sure to read the ENTIRE report – not just the headlines. Here are four headlines and the portion of the report that reflects the caution in their ‘cautious optimism’.

HEADLINE:

LPS Home Price Index Shows U.S. Home Price Increase of 0.2 Percent in February; Early Data Suggests Further Increase of 0.3 Percent is Likely During March

CAUTION:

“Reasons for caution are clear, as we’ve been here before. Non-seasonally adjusted prices increased for a few months in early 2009, 2010 and 2011 – trends that all ended by summer, after which all the gains – and then some – were lost. As is true this month, those temporary increases were on low sales volumes – about 30 percent lower than at any point since 1998. Furthermore, the inventory of distressed homes remains high, which will continue to put a drag on prices.”

HEADLINE:

Foreclosure hotspots show signs of housing turnaround

CAUTION:

“However, much will depend on the continued health of our economy, specifically job rates, and how lenders will release their foreclosure inventories now that the 49 state AG Agreement has been signed.”

HEADLINE:

Fiserv Expects Home Prices to Stabilize

CAUTION:

“On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease by more than 2 percent, including double-digit losses in Atlanta (-12.8 percent), Reno, Nevada (-10.8 percent), and Tucson, Arizona (-10 percent).

In the fourth quarter of 2011, the average price of a U.S. single-family home fell four percent from the year-ago period, and Fiserv Case-Shiller projects a further decline of 0.8 percent by the end of 2012.”

HEADLINE:

Home Prices in March Show Monthly Gain: CoreLogic

CAUTION:

“Even with price gains above 5 percent for leading states and CBSAs, Capital Economics said in response to the CoreLogic report that over the year, prices are more likely to stabilize rather than make a dramatic climb.

“There are fears in some quarters, triggered by recent disappointing GDP and payrolls data, of a sharp slowdown in economic growth which could derail the fledgling improvement in the housing market,” said Paul Diggle, property economist for Capital Economics.”

Sales Are Up. Prices Still Have a Way To Go..

Filed Under: Bartlett NH real estate, Buying a NH home, Jackson NH real estate, NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH, Bartlett NH condo, Bartlett NH real estate for sale, Bartlett NH ski chalet, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH Commercial real estate, North Conway NH homes for sale, North Conway real estate, Tamworth NH foreclosure

Finding a Short Sale Expert

May 12, 2012 By Bill Barbin Leave a Comment

Posted: 11 May 2012 04:00 AM PDT

This week, we have spoken about the importance of using an agent trained in the short sale process when selling or buying a home as a short sale. Today, we want to address how to identify those agents who are truly qualified. There are many local instructors who have done excellent work in this field. We appreciate their dedication and commitment. However, there are three designations recognized on a national basis. Here they are:

Certified Distress Property Expert (CDPE)

One of the first designations available in the field, CDPE has reached the milestone of 40,000 real estate professionals trained in foreclosure avoidance tools and strategies through the Certified Distressed Property Expert (CDPE) Designation course. CDPE is the fastest-growing independent designation in real estate industry history.

The CDPE designation is administered by the Charfen Institute which educates and trains real estate professionals and small business owners to find opportunities in chaos – either by providing solutions to the foreclosure crisis or empowering entrepreneurs with strategies to embrace their companies’ full potential.

The growth of the CDPE designation has been assisted by the support of top brokerages, including RE/MAX, LLC, Keller Williams Realty Inc, and Century 21 Real Estate LLC, as well as industry icons such as Chairman and Co-Founder of RE/MAX Dave Liniger, RealtyTrac, Realogy, Fannie Mae and Founder of Buffini & Company, Brian Buffini.

Short Sale and Foreclosure Resource Certification (SFR)

This is the designation offered by the National Association of Realtors (NAR). The SFR Certification is NAR’s short sale training program developed and continuously updated by industry leaders. The training covers both the seller and buyer side of the short sale transaction. Designed to prepare the agents for the short sale process from the first meeting with the seller through the marketing, contract writing and submission of the short sale package it has prepared over 50,000 REALTORS® across the country to successfully navigate the distressed property waters.

Short Sale Certified (SSC)

A newer entry into the field, the Short Sale Certified designation (SSC) focuses on local laws and trends in the agent’s footprint. The course was developed by Brandon Brittingham, a top producing agent who has personally completed several hundred short sales, and Gee Dunsten, a former national CRS president who has instructed and written short sale courses all over the country and is considered an industry expert.

SSC has just announced an alliance with the Leading Real Estate Companies of the World to offer short sale training to the 100,000+ agents in the network. This will include live training as well as distance learning.

Finding a Short Sale Expert.

Filed Under: Buying a NH home, NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH, Bartlett NH condo, Bartlett NH Condos, Bartlett NH real estate, Bartlett NH real estate for sale, Bartlett NH ski chalet, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH real estate, Tamworth NH foreclosure

Are You a Buyer Looking to Purchase a Short Sale?

May 8, 2012 By Bill Barbin Leave a Comment

Are You a Buyer Looking to Purchase a Short Sale?

Posted: 08 May 2012 04:00 AM PDT

It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to potential buyers of short sales. If you are looking to purchase a short sale, understand that it is not the same as a normal sale and the approach is very different. There could be several parties involved and issues that are unknown to the buyer and buyer’s agent that can affect the transaction. If you are looking to purchase a short sale here is some helpful information.

1. On average, to get a short sale approval, it can take 60-90 days.

There could be mortgage insurance and an end investor on the loan as well as the servicer, which means it has to go through three different processes. Bank of America could be the servicer on the loan but they do not actually own the loan, so, the short sale has to pass their guidelines, then go to the mortgage insurer if there is one, then to the end investor like Fannie Mae and Freddie Mac. If you are a buyer and can’t wait at least 60-90 days for an approval and then another 30 days to go to closing, then you need to look at other houses. The worst thing you can do is tie up a house that is in a short sale with no intention of being patient while waiting for a short sale approval. Approvals can come sooner than 60 days, but industry standard is at least 60 days to get an approval or denial.

2. There is a general assumption that you can purchase a short sale for 40-50% under its listed price. In a short sale the bank comes out and does a valuation of the property and will expect a slight discount, but will not accept a huge amount under the market value.

Hopefully, if the agent who is handling the sale is experienced, they will have already gotten an approved list price from the bank by the time you are interested in making an offer. The bank will usually be willing to negotiate on that price, but will not, in almost every case, take 40-50% off of that price. To that point, you may be able to get a reasonable deal on a short sale, though it will not be, in most cases, as much of a deal as you may be able to get on an REO (foreclosed property). Also to that point, most short sales will be in better condition than an REO. When you look at the potential repairs a comparable REO needs and the time and expense it can take to do those improvements vs. a short sale being sold at a slight market discount with improvements already made, the investment could even out. There are REO properties that can be picked up for a huge discount, but require massive repairs that a comparable short sale may not require.

3. Short sales are a very difficult process and it takes a qualified person to handle this type of transaction.

With this type of transaction it takes a very experienced agent on the listing side as well as the buying side. Make sure before you move forward on the transaction that the listing agent has ample experience dealing with these types of transactions, or you could be tied up in a contract for months that never goes to settlement. There are several different types of short sale processes and each bank’s process is somewhat different; it takes a professional who has had experience with all of these different types of short sales to help facilitate a successful transaction.

4. In most short sale transactions the properties are sold “as-is” and no repairs will be made.

Although there are some exceptions to this rule, speaking in general, short sales are sold “as-is” and no repairs will be made even if they are found during a home inspection. In most short sale transactions the bank will require both the buyer and the seller to sign an addendum that states the property is being sold “As-is” and no repairs will be made.

These are just a few short pointers for buyers who are looking to purchase a short sale as they are a reality in every market, and if you have the patience you may be able to get the home you are looking for at a discount!

Are You a Buyer Looking to Purchase a Short Sale?.

Filed Under: NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH real estate Tagged With: Albany NH real estate, Bartlett NH, Bartlett NH condo, Bartlett NH real estate, Bartlett NH real estate for sale, Bartlett NH ski chalet, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH commercial lease, North Conway NH commercial retail lease, North Conway slopeside condo

47 Heather Lane Bank Owned Home in North Conway NH

April 24, 2012 By Bill Barbin Leave a Comment

We're sorry, but we couldn't find MLS # 4150605 in our database. This property may be a new listing or possibly taken off the market. Please check back again.


Listing Price: 135000
Address: 47 Heather Lane
City: North Conway
State: NH
ZIP: 03860
MLS # (if any): 4150605
Square Feet: 1790
Bedrooms: 3
Bathrooms: 2
Basement (full, 1/2, finished, unfinished):

Filed Under: NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: North Conway NH, North Conway NH bank owned real estate, North Conway NH condos, North Conway NH foreclosures, North Conway NH real estate, North Conway slopeside condo

176 Echo Acres Bank Owned North Conway NH Home

June 27, 2011 By Bill Barbin Leave a Comment

North Conway NH Real Estate – Bank Owned property

$227,900!! I have the file and offers are coming in on this North Conway NH foreclosed home. call me fast to get in on this foreclosure opportunity with a huge view! This is what you search for in North Conway NH real estate for sale.

We're sorry, but we couldn't find MLS # 4090071 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

3 Bedroom 1.5 bath home with garage and outstanding views!


Listing Price: 227900
Address: 176 Echo Acres Rd.
City: North Conway
State: NH
ZIP: 03860
MLS # (if any): 4090071
Square Feet: 1733
Bedrooms: 3
Bathrooms: 1.5
Basement (full, 1/2, finished, unfinished): full unfinished

Filed Under: Bank Owned, Featured Posts, Featured Property, My Listings, NH Bank Owned, North Conway Foreclosures, North Conway NH real estate Tagged With: North Conway NH, North Conway NH bank owned real estate, North Conway NH foreclosures, North Conway NH homes for sale, North Conway real estate

Radio Station Condo For Sale – North Conway NH

June 27, 2011 By Bill Barbin Leave a Comment

River Front Condominium For Sale in North Conway NH real estate

#11 – A Beautiful 3 bedroom 3 bath townhouse style riverfront condo unit. 3 Levels of Living area with a garage, patio, balcony and deck.

These are tastefully designed condominiums on the Saco River in North Conway NH. Exsquisite grounds and awesome waterfront add to the beauty the property and make it a fun place to live.

Welcome to the 3rd and Final phase of the Radio Station Condominiums. Located on the former radio station site with easy access to Rt. 16 and/or Rt. 302. Listed By Theresa Bernhardt, here in my office at Badger Realty 603-356-5757.


Listing Price: 224900
Address: 115 River St.
City: Conway
State: NH
ZIP: 03818
MLS # (if any): 4068170
Square Feet: 2113
Bedrooms: 3
Bathrooms: 3
Basement (full, 1/2, finished, unfinished): Full

We're sorry, but we couldn't find MLS # 4068170 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Showing properties 1 - 10 of 26. See more North Conway-Bartlett NH Condominiums.
(all data current as of 5/20/2013)

$200,000 : 10b Joshua Loop Road, Jackson

2 beds, 1 full, 2 part baths

Home size: 1,275 sq ft

Year built: 1985

Parking spots: 2

Days on market: 5
$165,000 : 28 Marsden Dr, Bartlett

2 beds, 2 full, 1 part baths

Home size: 1,576 sq ft

Year built: 1988

Parking spots: 2

Days on market: 9
$209,900 : 121 Stonehurst Manor Road, Conway

3 beds, 2 full, 1 part baths

Home size: 1,748 sq ft

Year built: 1989

Parking spots: 2

Days on market: 14
$79,900 : 19 Saco St, Conway

2 beds, 1 full bath

Home size: 984 sq ft

Lot size: 125.00 ac

Year built: 1987

Parking spots: 1

Days on market: 18
$84,000 : 19 Saco Street, Conway

2 beds, 1 full bath

Home size: 984 sq ft

Year built: 1987

Parking spots: 1

Days on market: 26
$125,000 : 77 Webster Rd, Conway

3 beds, 1 full, 1 part baths

Home size: 1,322 sq ft

Lot size: 1.25 ac

Year built: 1987

Days on market: 39
$159,900 : B-22 Ludwig Strasse, Bartlett

4 beds, 2 full baths

Home size: 1,245 sq ft

Lot size: 2.00 ac

Year built: 1972

Parking spots: 4

Days on market: 43
$195,000 : 30 Birchlea, Bartlett

3 beds, 2 full baths

Home size: 1,557 sq ft

Year built: 1987

Parking spots: 2

Days on market: 43
$139,900 : 79 Rolling Ridge Rd, Crawford Pines, Bartlett

3 beds, 1 full, 1 part baths

Home size: 1,200 sq ft

Year built: 1979

Parking spots: 3

Days on market: 46
$165,000 : 7 Marsden Dr, Bartlett

2 beds, 2 full, 1 part baths

Home size: 1,576 sq ft

Year built: 1987

Parking spots: 2

Days on market: 54

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Filed Under: Buying a NH home, Conway, Featured Posts, Featured Property, North Conway NH real estate, Residential Tagged With: North Conway NH, North Conway NH bank owned real estate, North Conway NH condos, North Conway NH real estate, North Conway real estate, radio station condo

5 reasons why now is the time to buy or sell in NH real estate

February 18, 2011 By Bill Barbin Leave a Comment

The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season’. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price, especially in a wintery market like North Conway NH real estate. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief that is about to fall. Here are five reasons why?

While banks are trying to rectify their foreclosure procedures, there is a large supply of discounted properties which has been delayed coming to market in NH. This inventory will be released sometime in the next few months. Foreclosures sell on average at a 41% discount. When released they will be competing with your house for the buyers in the marketplace. If you are looking to sell in 2011, you want to sell before this inventory becomes your competition.

Every year there is an increase of inventory which comes to market as we approach the spring. Here is the number of listings available for sale in 2010 in the US.

* February – 3,531,000
* March – 3,626,000
* April – 4,029,000

We believe there will be an increase in these numbers in 2011 as there is a pent-up selling demand created by the weak market of the last few years. You won’t have to worry about this increasing competition if you sell now.

There is mounting evidence that buyers are coming out earlier this year in the North Conway real estate market. A belief that now is a good time to buy coupled with the increase in interest rates has started the buying season early here in the North Conway area.

Interest rates have spiked up rather dramatically over the last ninety days and are now over 5%. Initially, an increase in rates has a positive effect on the market as it forces buyers off the fence. However, it also eats into a buyer’s purchasing power. As rates increase, the mortgage amount a buyer qualifies for decreases. This will eventually have a negative impact on prices.

If your family goal is to sell your current house and take advantage of the fabulous selection of properties currently available to buy the home of your dreams, DO IT NOW! Prices will continue to soften in most markets. However, if you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the time to buy your vacation or primary home in North Conway NH.

Filed Under: Buying a NH home, North Conway NH real estate Tagged With: North Conway NH, North Conway NH Commercial real estate, North Conway NH foreclosures, North Conway NH homes for sale, North Conway NH real estate for sale, North Conway real estate