Blog :: 09-2011

Exciting Events at Spruce Pond Estates, Windham NH

Its been an exiting year at Spruce Pond Estates in Windham NH. The current phase is shaping up nicely with many of the spec homes being enjoyed by new owners and other currently under agreement with buyers making their selections. Distinctive custom homes are being bulit on several lots with occupancy scheduled before the end of the year. A new road is being built which will connect this neighborhood to the Mitchell Pond neighborhood and provide easy access to the Windham recreational trail and the center of town. This will open a large selection of new lots for 2012.

There is only one spec home left that is up and ready for quick occupancy.  This home is a great value at just $514,900 and is being used as the model until it is sold. It offers an impressive open foyer. Formal living room. A great-room kitchen with beautiful custom details all opening to the family room with fireplace. Spacious master suite with spa bath. Gorgeous leaded window over the spa tub and in the kitchen. Handsome wainscoting in the dining room. The convenience of a two car attached garage and a walk-out basement with daylight windows! The home is set on a beautiful lot with a big deck overlooking the back yard.

Foundations are in for two new home styles. The rendering and plans shown above are  for a distinctive home that features a two story great-room. There is also and impressive two story foyer and with a landing overlooking the great room. There is a spacious master bedroom suite and the convenience of a two car attached garage. If you are looking for something different this may be the home for you!

As always there is an open house very Sunday from 12-3. You can meet with a sale professional who knows all about the area and can help you explore your opens at Spruce Pond Estates. You can also arrange a private showing by contacting us.

Make Your Offer Stand Out

 

 

            Real estate consumers are realizing that there has rarely been a better time to buy a home. In fact, historically low mortgage rates coupled with lower home prices have even sparked bidding competition in markets around the country.

A good home in a solid location may attract ample attention only hours after being listed. Home buyers can make their offers stand out from the rest through one or more of the following strategies:

            Price. Obviously, price tends to be the primary consideration for sellers. When you're competing for a home, to get an edge, think about adding a clause stating that you will beat the highest offer by "x" dollars up to "x" amount. Cash offers can be more attractive to sellers as well. Although sellers will receive their money at closing whether buyers pay with cash or take out a loan, cash offers don't require lender approval.

Financing. It's not enough to be pre-qualified. Pre-qualification only tells how much you can afford. Pre-approval goes a step further. Your lender will thoroughly evaluate your application--including verifying employment information and financial disposition--then clear you for a loan of a determined amount. Having your loan pre-approved gives you a sizeable advantage by putting you on equal footing with cash buyers.

Good Faith Deposit. Buyers offering a larger-than-customary amount of "earnest money," a deposit that accompanies an offer, may get a seller's attention. By committing more money up front, buyers demonstrate greater sincerity and motivation to close the transaction. Your real estate professional can guide you as to the appropriate sum for your specific transaction.

            Contingencies. Consider minimizing contingencies, those clauses that allow buyers to back out of a contract if certain conditions are not met. For example, it's common for buyers to make the purchase contingent upon their securing satisfactory financing. Obviously, offers with the fewest conditions tend to be more attractive to sellers.

From a contingency standpoint, first-time buyers are often better prospects for a seller's home than move-up buyers. That's because first-time buyers' offers are not contingent upon the sale of a present home. Even if a move-up buyer has an offer in hand, that buyer's offer may be contingent on another contingency, and so on down the line. If one transaction derails, they all might.

            Relationship. Help the seller get to know and identify with you by looking for ways to connect. Find common interests, such as a shared appreciation of gardening. You can then persuade the seller that her prize roses will be well tended. Share brief family stories. The more the seller gets to know and like you, the better chance your offer will stand out in a competitive environment. 

            Considerations for Short-sale and Foreclosure Transactions - Bank-owned properties represent a significant portion of today's housing inventory. Competition can be most keen for these homes as their prices can run 10% to 20% below current market value.

            Banks conduct extensive research to set these prices and generally base them on current market value less the cost of required repairs. Make your offer based on your own check of comparable sales and other due diligence. Banks won't get offended by a low offer, yet a realistic offer will more likely keep you in the running.

            Remember, patience is essential when buying bank-owned property as the process can take up to six months and longer.  

      Work with your local Prudential Real Estate sales professional to buy your dream home or investment property. His or her knowledge, skill and expertise will help you make sound real estate decisions today or any other time.

 

Prudential Dinsmore Associates, REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.