Little Harbor (Portsmouth, NH)
By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
An old Chinese proverb says “One Picture Worth Ten Thousand Words”. However when selling a house, well constructed ads and sentences can be just as valuable.  Here’s how we use word pictures to sell your Portsmouth, NH house. Think for a moment about some of the real estate ads you’ve read recently. Do they all sound alike,? For example, do they overuse tired words and phrases like: “won’t last long”, “motivated seller wants to move soon”, and others. What do words like these say to you as a home buyer? They say nothing to me and do not make me want to explore that home further.Now contrast the usual ad with one that reads like this: Headline: “Dynamic Woodland-view Ranch” followed by this copy:“Rural-area serenity goes with this custom residence nicely set on two acres. This large, wel...
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
Do you have a home for sale in Portsmouth or the New Hampshire Seacoast and it hasn’t sold after a couple of months? If so, you definitely need to revisit your asking price.The Portsmouth and NH Seacoast market is hot with market absorption rates under 4 months which indicates a fairly robust seller’s market.  Read more at Portsmouth NH homes for sale
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
After searching for the perfect house to call your new home you’ve finally found the one! The price is right but with the current inventory shortage you want to be sure you make the best offer to enhance your chances of making a deal.Here are four tips From Fannie Mae to help you make the best offer.1. Understand your finances and know what your buying power is. Read more here
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
Portsmouth NH | Mortgage interest rates just fell to their lowest point in 2017! This week’s rate is 4.08% vs. 3.58% a year ago.One fact not so widely reported is that  requirements to get a mortgage have eased also. The Mortgage Bankers Association (MBA) quantifies the availability of mortgage credit each month with their Mortgage Credit Availability Index (MCAI). The higher the MCAI number, the easier it is to get a mortgage.Here is a chart showing the MCAI over the last several months.REad the rest of the story HERE
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
Note to all boys and girls; "He's making a list and checking it twice, gonna find out who's naughty or nice. Santa Claus is coming to town." It won't be long now, a word to the wise. 
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
A large part of our data research for our sellers is arriving at a suggested price we believe we can sell a Portsmouth NH or New Hampshire Seacoast home for.Not a week goes by that we don’t hear from a buyer or seller insisting that a property is worth a different amount than the bank appraised it for. We get it: everyone wants to gain the most value from their transaction… so why do the home valuation sites tend to get it so wrong?Here’s why: they don’t see the whole picture.It’s the real estate equivalent of looking at an iceberg from the surface.Read the rest of the story here. 
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
What is the “absorption rate” for Portsmouth NH  and the New Hampshire Seacoast homes for sale and why is that number so important?First we need to define exactly what a market absorption rate is and how it’s calculated. The strict definition of an absorption rate is the number of months it would take to sell the current homes listed for sale on the market. Generally around 6 months is known as a “balanced market”, that is one in which neither the seller or the buyer holds an advantage over the other. More than 6 months supply means that houses are not selling as well as they should and some sellers are willing to make concessions to sell their house. Under a 6 months supply means that houses are selling at a brisk pace, the lower the number, the faster the rate of sale.Real the whole s...
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