New London

Fantastic View Home in New London

Imagine privacy in an established upscale neighborhood, yet only 1.5 miles from New London's shops.  Enjoy windows that showcase dramatic mountain views and the warmth of exposed wood beams and natural wood work.  Relish the company of friends and family before a crackling great room fire or sunsets on your south facing deck where you watch the seasons change your views.  Open concept, easy flowing, one level living with extra rooms on the second floor and lower level.  Perfect for entertaining or family gatherings.  Air conditioning - generator - this house has everything!  AND easy access to I-89.  Offered at $630,000.  For more photos and details, visit www.PrivateNHPostandBeam.com

AngoffAnne Marie Appel, Listing Agent, 603-526-4116

Looking for a positive home buying/selling experience?  Call Coldwell Banker Milestone Real Estate!  603-526-4116

Sales Pace Stays Brisk in New Hampshire Housing Market

The New Hampshire residential housing market saw its most February sales in more than a decade this year, as 816 homes were sold in the month –more than a 27 percent increase over last year’s 641 sales and the most since 843 sales in February 2002.
The median sales price in February, meanwhile, dropped just over 2 percent, but year to date the residential market’s median price is a shade ahead of last year, $225,000 compared to $224,900 through the first two months.
Overall sales volume, meaning the total dollars exchanged in February residential sales, was ahead of February 2015
by 25 percent.
“We finished a strong 2015 with robust sales, and the market hasn’t seemed to have lost a step,” said NHAR President Al Michalovic, a broker with Four Season’s Sotheby’s International Realty in Hanover and a 30 year veteran of the real estate industry. “Just when inventory appears to be drying up a bit due to the large number of sales, we seem to have another strong stretch of new listings to replenish the market.”
As evidence, the months’ supply of inventory, meaning the amount of time it would take to sell off all the homes on the market based on the average pace of sales for the previous year, dropped to more than a 10 year low of
5.9 months at the end of February, indicating a sellers’ market. Yet simultaneously, new listings in February
were 28 percent higher than a year ago.“The bottom line,” Michalovic said, “is that it’s an active market out there all around.”
The condominium market is also experiencing continued increases in early 2016, with closed sales ahead of 2015 by 20 percent in February and 8 percent year to date. Median sales price is still rising as well in the condo market, up 6.6 percent in February and over 4 percent for the first two months combined.
And the condominium market is favoring sellers even more dramatically than the residential side, with a 4.9 months’ supply of inventory. But similar to residences, new listings of condos were substantially ahead of a year ago, increasing in February 2016 by over 38 percent.
Locally,all 10 New Hampshire counties saw residential unit sales increases in February 2016 compared to 2015,
and likewise all 10 counties are ahead of 2015 year to date.  Five counties are ahead of the February 2015 median price, while six have seen increases year to date.  February 2016 market data.
Press Release:  Dave Cummings, NHAR Director of Communications

Real Estate Buyer Etiquette

HR.Donna_3144CroppedThere are certain unwritten rules of etiquette buyers should follow when they are out looking at homes.  Most are common sense and just plain ole being courteous!  Below are some tips for being a courteous buyer.

  • Take shoes off.  Mud, snow, rain - you may be out looking in all types of weather so don't tramp through a house with your wet/dirty shoes on.  Take them off and go in your socks or bring clean shoes to wear.  Extra tip - check your socks for holes before heading out!
  • Control your kids.  They shouldn't play with the toys they found or run unattended through the home.
  • Be on time.  When showings are set up, the seller leaves the house, a listing agent meets you there along with your buyer's agent.  Being late impacts many people, not to mention it may  put the whole showing schedule behind.  Unavoidably detained?  Then call your agent for a heads up.
  • Don't spend an hour viewing a home you already decided you dislike.  It's okay to do a quick look and say it's not to your liking.

If you are looking for a buyer's agent to help navigate successful home buying, then contact me and follow me on Facebook!  603-526-4116; Donna@DonnaForest.com; www.DonnaForest.com

You’ll be moving in the right direction with Coldwell Banker Milestone Real Estate.

Looking to Build the Home You've Always Wanted?

Don't miss out on this view lot in New London!  Wonderful wide views include Mt. Sunapee.  Southwestern exposure.  Cul-de-sac lane in newer neighborhood of high-end homes.  Great location, just outside of town.  Offered at $168,500

LaPradeMarilyn Kidder, Listing Broker, 603-526-4116

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Coldwell Banker Milestone Real Estate.

New London Ranch - New Listing!

You'll call it home as soon as you enter!  Extensively remodeled in 2015, you will soon discover this is an exception to the usual.  Clean, contemporary lines lend an air of sophistication from the stainless steel appliances to the Silestone counters to the subway tile backsplash.  Light and airy rooms provide uncrowded comfort with large windows overlooking a picturesque yard surrounded by lawn, trees and set back from the road.  It's peaceful and private yet only a mile to Pleasant Lake and minutes to downtown New London.  Fresh and bright, warm wood floors, great spaces for entertaining and casual get-togethers, any other house will be a compromise!  Visit www.NewLondonNHRanch.com for more photos and details.

BinWinterDonna Forest, Listing Broker, 603-526-4116

Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate

Don't Miss These Home Tax Deductions

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From mortgage interest to property tax deductions, here are the tax tips you need to get a jump on your returns.

Owning a home can pay off at tax time. Take advantage of these home ownership-related tax deductions and strategies to lower your tax bill:
Mortgage Interest Deduction One of the neatest deductions itemizing homeowners can take advantage of is the mortgage interest deduction, which you claim on Schedule A. To get the mortgage interest deduction, your mortgage must be secured by your home — and your home can be a house, trailer, or boat, as long as you can sleep in it, cook in it, and it has a toilet. Interest you pay on a mortgage of up to $1 million — or $500,000 if you’re married filing separately — is deductible when you use the loan to buy, build, or improve your home. If you take on another mortgage (including a second mortgage, home equity loan, or home equity line of credit) to improve your home or to buy or build a second home, that counts towards the $1 million limit. If you use loans secured by your home for other things — like sending your kid to college — you can still deduct the interest on loans up $100,000 ($50,000 for married filing separately) because your home secures the loan. Prepaid Interest Deduction Prepaid interest (or points) you paid when you took out your mortgage is generally 100% deductible in the year you paid it along with other mortgage interest. If you refinance your mortgage and use that money for home improvements, any points you pay are also deductible in the same year. But if you refinance to get a better rate or shorten the length of your mortgage, or to use the money for something other than home improvements, such as college tuition, you’ll need to deduct the points over the life of your mortgage. Say you refi into a 10-year mortgage and pay $3,000 in points. You can deduct $300 per year for 10 years. So what happens if you refi again down the road? Example: Three years after your first refi, you refinance again. Using the $3,000 in points scenario above, you’ll have deducted $900 ($300 x 3 years) so far. That leaves $2,400, which you can deduct in full the year you complete your second refi. If you paid points for the new loan, the process starts again; you can deduct the points over the life of the loan. Home mortgage interest and points are reported on Schedule A of IRS Form 1040. Your lender will send you a Form 1098 that lists the points you paid. If not, you should be able to find the amount listed on the HUD-1 settlement sheet you got when you closed the purchase of your home or your refinance closing. Property Tax Deduction You can deduct on Schedule A the real estate property taxes you pay. If you have a mortgage with an escrow account, the amount of real estate property taxes you paid shows up on your annual escrow statement. If you bought a house this year, check your HUD-1 settlement statement to see if you paid any property taxes when you closed the purchase of your house. Those taxes are deductible on Schedule A, too. PMI and FHA Mortgage Insurance Premiums You can deduct the cost of private mortgage insurance (PMI) as mortgage interest on Schedule A if you itemize your return. The change only applies to loans taken out in 2007 or later. What’s PMI? If you have a mortgage but didn’t put down a fairly good-sized down payment (usually 20%), the lender requires the mortgage be insured. The premium on that insurance can be deducted, so long as your income is less than $100,000 (or $50,000 for married filing separately). If your adjusted gross income is more than $100,000, your deduction is reduced by 10% for each $1,000 ($500 in the case of a married individual filing a separate return) that your adjusted gross income exceeds $100,000 ($50,000 in the case of a married individual filing a separate return). So, if you make $110,000 or more, you can’t claim the deduction (10% x 10 = 100%). Besides private mortgage insurance, there’s government insurance from FHA, VA, and the Rural Housing Service. Some of those premiums are paid at closing, and deducting them is complicated. A tax adviser or tax software program can help you calculate this deduction. Also, the rules vary between the agencies. Vacation Home Tax Deductions The rules on tax deductions for vacation homes are complicated. Do yourself a favor and keep good records about how and when you use your vacation home.
  • If you’re the only one using your vacation home (you don’t rent it out for more than 14 days a year), you deduct mortgage interest and real estate taxes on Schedule A.
  • Rent your vacation home out for more than 14 days and use it yourself fewer than 15 days (or 10% of total rental days, whichever is greater), and it’s treated like a rental property. Your expenses are deducted on Schedule E.
  • Rent your home for part of the year and use it yourself for more than the greater of 14 days or 10% of the days you rent it and you have to keep track of income, expenses, and allocate them based on how often you used and how often you rented the house.
Homebuyer Tax Credit This isn’t a deduction, but it’s important to keep track of if you claimed it in 2008. There were federal first-time homebuyer tax credits in 2008, 2009, and 2010. If you claimed the homebuyer tax credit for a purchase made after April 8, 2008, and before Jan. 1, 2009, you must repay 1/15th of the credit over 15 years, with no interest. The IRS has a tool you can use to help figure out what you owe each year until it’s paid off. Or if the home stops being your main home, you may need to add the remaining unpaid credit amount to your income tax on your next tax return. Generally, you don’t have to pay back the credit if you bought your home in 2009, 2010, or early 2011. The exception: You have to repay the full credit amount if you sold your house or stopped using it as primary residence within 36 months of the purchase date. Then you must repay it with your tax return for the year the home stopped being your principal residence. The repayment rules are less rigorous for uniformed service members, Foreign Service workers, and intelligence community workers who got sent on extended duty at least 50 miles from their principal residence. Energy-Efficiency Upgrades The Nonbusiness Energy Tax Credit lets you claim a credit for installing energy-efficient home systems. Tax credits are especially valuable because they let you offset what you owe the IRS dollar for dollar, in this case, for up to 10% of the amount you spent on certain upgrades. The credit carries a lifetime cap of $500 (less for some products), so if you’ve used it in years past, you’ll have to subtract prior tax credits from that $500 limit. Lucky for you, there’s no cap on how much you’ll save on utility bills thanks to your energy-efficiency upgrades. Among the upgrades that might qualify for the credit: File IRS Form 5695 with your return. Related: A Homeowner’s Guide to Taxes This article provides general information about tax laws and consequences, but shouldn’t be relied upon as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction. Visit Houselogic.com for more articles like this.  Reprinted from Houselogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®

Do You Know How to Boost Your Home Value?

HR.Donna_3144CroppedConsumer Reports, March 2016, published an article on “8 Ways to Boost Your Home’s Value”, based on their survey of 1,573 millennials.  Millennials & downsizing baby boomers are the next wave of buyers.  Sellers should take note of what they are looking for in a home:

  1. A modern kitchen topped the list. Consider adding new stainless steel appliances, quartz countertops, updating cabinets and hardware. Potential bump in sale price 3-7%
  2. Open floor plan w/flexible living space. Consider finishing the basement, carving out space for an office, creating an in-law apartment. Potential bump: 4-6%
  3. Energy efficiency. Consider energy star rated windows, LED lights, efficient water heaters. Potential bump: 1-3%
  4. Stress-free living. Consider updating aging systems, new roof, adding hardwood floors. Potential bump: 3-5%
  5. Have a home for “the ages”.  First floor master, walk-in shower, comfort height toilets. Potential bump: 1-2%
  6. Low maintenance outdoor spaces. Avoid overly lush landscaping. Potential bump: 3-5%.

Contact me if you’d like a copy of the full article so you can make informed decisions on your next home improvement projects.  Donna Forest 603-526-4116, Donna@donnaforest.com, www.DonnaForest.com

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Coldwell Banker Milestone Real Estate.

Looking for a Condo Near Town?

This Lyon Brook second floor unit is on Parkside Road just minutes to New London shopping.  Well-maintained, 2 bedrooms, 2 baths, exterior garage and interior basement storage.  Monthly fee includes heat, basic cable, hot water, plowing, sewer, landscaping, trash removal,  and local transportation.  Sit out on the new balcony and enjoy the fresh air!  Offered at $155,000.  For more photos and information, visit http://tour.circlepix.com/home/E2CMQT

MoonstoneSummerEmily Campbell, Listing Agent, 603-526-4116

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Coldwell Banker Milestone Real Estate.

Looking for Office Space?

We have just the place to grow your business!  Bright and inviting corner unit in The Gallery building in New London.  Three separate office spaces as well as a waiting area and half bath.  Monthly assessment of $347 includes heat, water, sewer, maintenance and plowing.  Great location, plenty of parking.  Offered at $84,900.  Also available for rent at $900/month plus utilities.

BarselleGalleryEmily Campbell, Listing Agent, 603-526-4116

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Coldwell Banker Milestone Real Estate.

Steady as She Goes

HR.Donna_3144CroppedThe housing market has settled into a steady groove with home prices expected to follow more normal rates consistent with a balanced market.  Home prices rose 4% nationally in 2015.  Kiplinger forecasts prices to rise 3% in 2016 while CoreLogic Home Price Index predicts a 4-5% increase.

What type of buyer will drive the market this year? According to the National Association of REALTORS®, there are 3 main sectors of buyers expected to stimulate the housing sector.

  • Millennials, born about 30 yrs. ago, are starting to realize their financial goals and thus become first-time home buyers.
  • Older baby boomers nearing retirement age will be seeking to downsize and lower their cost of living.
  • Formerly distressed homeowners are expected to actively participate in the housing market as well.

Every market is local and there are certain parts of the country with “hotter” markets than others. Whether buying or selling, contact me if you’d like to know how the local market impacts you.  Donna@DonnaForest.com, 603-526-4116, www.DonnaForest.com.

Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate

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