Kimberley Martin - Homes of New Hampshire Realty



Posted by Kimberley Martin on 6/17/2018

In your search for a home, there’s one option that you may be overlooking. That is the act of sharing a home with others. It can help you to divide the expenses of homeownership and even put you on a faster path to homeownership. When you do decide to share the cost of homeownership with others, there’s a few things that you should know.


There’s so many different advantages to co-buying a home with a relative, even as a married couple. You do need to make sure that the arrangement is well thought out and planned ahead of time. 


The Title


When you buy a house, you receive what’s called a title. In the case of co-ownership, it explains how the buyers are sharing the title. The way the title is set up could have consequences down the road, especially when it comes to one person exiting the house, and parting ways with the agreement.  


When Sharing A Property With A Non-Spouse


When you’re sharing the property with a non-spouse, you have a few options. These include:


Tenant In Common


With this option, there’s no need for a 50/50 split. Buyers are allowed to own unequal interests in the property. If one of the co-owners were to pass away, their ownership would be transferred to one of their beneficiaries. For this reason, tenant in common is the most popular way that buyers who are not related agree in guying a property together and take on the title.     


Joint Tenants With Right Of Survivorship


With this option, co-buyers have no option but to own equal interests in the property at hand as a 50/50 split. If you bought a home with two other people, you’d each have one-third interest in the home, and so on. If one tenant passes away, the remaining owners gain the deceased owner’s percentage of interest in the property. There’s no need for a court proceeding or probate, this happens automatically. Even if the deceased owner has a will designating their portion of the property be given to someone else, the request is null and will generally be refused.   



Both of these co-ownership options allow for an undivided interest in a property. All owners are co-owners as a part of the entire piece of property. If one owner wants to sell, for example, they would be selling their tenancy or part interest in the property.       

Important Things To Do:


  • Create a co-ownership agreement
  • Clarify who owns what percentage
  • Decide who pays the ongoing expenses
  • Give options if any owners want out in the future


You could draft one of these agreements with a qualified attorney. It’s a good idea to sit with everyone before the purchase of the property is made to talk and lay out all of the expectations. Everyone should have one of these agreements in writing, however. 


While sharing a property purchase can reduce your debt, it’s important to make smart agreements and understand whether the decision makes sense for you and all parties involved.





Posted by Kimberley Martin on 5/20/2018

Do you have what it takes to be a responsive homebuyer? Ultimately, your ability to respond to requests from home sellers and others may dictate your homebuying success.

Becoming a responsive homebuyer can be easy – here are three tips to ensure you can do just that.

1. Learn About the Housing Market

A responsive homebuyer understands that he or she has a lot to learn about the housing market. As such, this individual will allocate the necessary time and resources to analyze the real estate sector.

Typically, a responsive homebuyer will perform comprehensive online research. This will help a homebuyer assess a broad range of residences so he or she can tailor a home search accordingly.

Let's not forget about a responsive homebuyer's diligence, either.

A responsive homebuyer may work with an expert real estate agent, i.e. a housing market professional who knows what it takes to land a top-notch house at a budget-friendly price. By doing so, this homebuyer can boost his or her chances of streamlining the homebuying process.

2. Be Available

Are you ready to check out houses as soon as they become available? A responsive homebuyer should have no trouble tracking the housing market and staying up to date about new residences. That way, this individual can act quickly if he or she discovers the perfect home.

An informed approach can make a world of difference, and in most cases, separates a responsive homebuyer from an ordinary property buyer.

Usually, a responsive homebuyer will study the housing market closely and track new houses daily. This property buyer also may collaborate with a real estate agent who will keep him or her informed about new houses that become available.

Perhaps most important, a responsive homebuyer will be ready to accept phone calls, emails and texts throughout the homebuying cycle. He or she will even be open to communication with a home seller – something that may help this homebuyer acquire a first-rate house.

3. Offer Positive Responses to Feedback

Although a responsive homebuyer is eager to learn about the real estate sector, he or she won't pretend to be a housing market expert. In fact, this individual often is happy to receive feedback throughout the homebuying cycle.

A responsive homebuyer may consult with a real estate agent who can offer homebuying recommendations and suggestions. This homebuyer may not always agree with a real estate agent's advice, but he or she also will listen to everything that a housing market professional has to say.

Becoming a responsive homebuyer may seem like an uphill climb. However, with support from a real estate agent, you may be able to accelerate the process of transforming your homeownership dream into a reality.

Real estate agents are available in cities and towns nationwide and serve as homebuying guides. These housing market professionals can help homebuyers find residences that they can enjoy for years to come.

Take the next step to become a responsive homebuyer – use these tips, and you can move one step closer to securing your ideal residence.




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Posted by Kimberley Martin on 5/6/2018

As a first-time homebuyer, it is important to understand what it takes to discover your dream residence as quickly as possible. By doing so, you can streamline the process of going from homebuyer to homeowner.

What does it take for a first-time homebuyer to seamlessly navigate the housing market? Here are three tips that every first-time homebuyer needs to know.

1. Make a Homebuying Checklist

The definition of the "perfect" house differs from homebuyer to homebuyer. As such, a first-time homebuyer should allocate the necessary time and resources to determine what he or she wants to find in the ideal home. That way, a first-time homebuyer will have no trouble finding a house that matches or surpasses his or her expectations.

With a homebuying checklist, a first-time homebuyer can move one step closer to making his or her property ownership dreams come true. This checklist can help a homebuyer differentiate between home "must-haves" and "wants" so he or she can narrow a home search accordingly.

Furthermore, a first-time homebuyer can update a property buying checklist as he or she begins to check out houses. And if a homebuyer evaluates available residences, this property buyer can update his or her checklist as needed.

2. Get Pre-Approved for a Mortgage

A first-time homebuyer likely wants to purchase a house as quickly as possible. Fortunately, getting pre-approved for a mortgage can help a homebuyer move through the property buying process without delay.

To get pre-approved for a mortgage, a first-time homebuyer should try to meet with several banks and credit unions. Each meeting will allow a homebuyer to learn about assorted mortgage options and select a mortgage that corresponds to his or her finances.

Moreover, a first-time homebuyer should be unafraid to ask plenty of questions when he or she meets with potential lenders. This will allow a homebuyer to make an informed decision about a mortgage.

3. Consult with a Real Estate Agent

When it comes to buying a house for the first time, a homebuyer should seek out expert support. Lucky for you, many real estate agents are available nationwide, and these housing market professionals can make it simple for you to purchase your ideal house.

A real estate agent understands the challenges associated with buying a house for the first time. He or she will teach a first-time homebuyer about these challenges and ensure this property buyer is prepared to take a diligent approach to purchasing a home.

Typically, a real estate agent will set up home showings, offer honest, unbiased homebuying recommendations and negotiate with home sellers on a homebuyer's behalf. This housing market professional will even keep a homebuyer up to date about new houses, ensuring homebuyers can pounce on opportunities to acquire great houses as soon as they become available.

For a first-time homebuyer, there is no need to leave anything to chance. But with the aforementioned tips, a first-time homebuyer can accelerate the homebuying process and improve his or her chances of purchasing a stellar house at an affordable price.




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Posted by Kimberley Martin on 4/22/2018

The homebuying process may prove to be challenging, particularly for individuals who fail to anticipate potential problems. Lucky for you, we're here to help you identify and address homebuying hurdles before they escalate.

Now, let's take a look at three tips to ensure you can seamlessly anticipate and overcome homebuying hurdles.

1. Learn About the Housing Market

The real estate market can be complex. Fortunately, an informed homebuyer should have no trouble resolving potential problems early in the property buying journey.

Examine a wide range of housing market data – you'll be glad you did. Look at the prices of recently sold houses – as well as the prices of available residences – in your preferred cities and towns. With this housing market information, you'll be better equipped than ever before to differentiate a buyer's market from a seller's one and plan your homebuying journey accordingly.

2. Get Home Financing

If you intend to pursue a house, you likely will need a mortgage. Thankfully, banks and credit unions are available to help you obtain a mortgage in no time at all.

Ultimately, it helps to get pre-approved for a mortgage. If you enter the housing market with a mortgage in hand, you can narrow your house search to properties that fall within your price range. And as a result, you could speed up the process of finding and buying your dream house.

When you meet with lenders, don't hesitate to ask lots of questions, either. If you allocate time and resources to learn about all of your home financing options, you can determine exactly which option is right for you.

3. Employ a Real Estate Agent

There is no need to pursue a house on your own, regardless of whether you're an experienced or first-time property buyer. But if you employ a real estate agent, you can work with a homebuying expert who can help you make your homeownership dream come true.

A real estate agent understands what it takes to find a great house at an affordable price. He or she can teach you about the housing market and help you make informed decisions at each stage of the property buying journey. Perhaps best of all, a real estate agent can prepare you for potential homebuying hurdles and ensure you can quickly address these issues.

Let's not forget about the assistance that a real estate agent provides as the homebuying journey progresses as well. A real estate agent will set up home showings, help you weigh the pros and cons of different houses and ensure you can submit an offer to purchase your dream residence. And as you approach the date of your home closing, a real estate agent will offer tips and recommendations to ensure you can finalize your house purchase without delay.

Want to avoid homebuying hurdles? You're not alone. But with the aforementioned tips, you can identify and overcome various homebuying hurdles and effortlessly navigate the property buying journey.




Categories: Uncategorized  


Posted by Kimberley Martin on 4/8/2018

A diligent homebuyer understands what it takes to shop for a residence. As such, this individual may be better equipped than others to discover a house that matches or exceeds his or her expectations.

Ultimately, there are many reasons to become a diligent homebuyer, including:

1. You can boost your chances of acquiring a top-notch residence.

Buying a home can be a long, complex process, particularly for those who lack housing market insights. Fortunately, it is easy for any homebuyer to become a diligent homebuyer, thanks in large part to the wealth of housing market data that is available.

A diligent homebuyer can analyze the prices of recently sold houses, along with the prices of homes that are currently for sale. By doing so, a diligent homebuyer can understand whether he or she is shopping in a buyer's or seller's market. This homebuyer also may be able to narrow his or her home search.

For those who want to acquire a first-rate residence, diligence is paramount. And as a diligent homebuyer, you may be able to identify many opportunities to purchase a deluxe residence.

2. You could save money on a home purchase.

When it comes to shopping for a home, there is no need to overspend, regardless of whether you're searching for a residence in a buyer's or seller's market.

Meanwhile, a diligent homebuyer is a thrifty home shopper who understands how to save money on a house.

A diligent homebuyer, for example, may be more likely than others to get pre-approved for a mortgage. This homebuyer will meet with a variety of lenders and learn about all of his or her mortgage options. That way, a diligent homebuyer can enter the housing market with a budget in hand and avoid the temptation to overspend.

Furthermore, a diligent homebuyer knows how to stay calm, cool and collected in stressful price negotiations with a property seller. This homebuyer will possess the housing market insights to make an informed purchase decision. In addition, he or she will have the confidence to walk away from a potential home sale if price negotiations get out of hand.

3. You can accelerate the homebuying process.

Although a diligent homebuyer analyzes real estate market patterns and trends closely, he or she usually realizes that navigating the housing sector alone can be tough. Thus, a diligent homebuyer may reach out to a real estate agent for extra help.

A real estate agent can provide even a diligent homebuyer with the necessary assistance to speed up the homebuying cycle. This housing market professional can help a homebuyer understand and overcome assorted property buying hurdles. Plus, he or she can offer expert insights into the housing market that a homebuyer may struggle to obtain elsewhere.

If you plan to purchase a house in the near future, it definitely pays to become a diligent homebuyer. This property buyer will be able to browse a broad array of high-quality houses, assess these residences effectively and seamlessly move through the process of acquiring the perfect home at the lowest price.




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