Matt Martel Blog. The Berlin NH Real Estate Guy!: December 2010

A Common Mistake When Selling A NH Home.

Basing the asking price on needs or emotion rather than market value

Many times sellers base their pricing on how much they paid for or invested in their home. This can be an expensive mistake. If your home is not priced competitively, buyers will reject it in favor of other larger homes for the same price. At the same time, the buyers who should be looking at your house will not see it because it is priced over their heads. The result is increased market time, and even when the price is eventually lowered, the buyers are wary because "nobody wants to buy real estate that nobody else wants". The result is low priced offers and an unwillingness to negotiate. Every seller wants to realize as much money as possible from the sale, but a listing priced too high often eventually sells for less than market value. An accurate market evaluation is the first step in determining a competitive listing price.

Thinking of Selling your Home in Northern NH? Contact RE/MAX Northern Edge Realty.

We are now in FOUR locations in Northern NH!

Berlin 603.752.0003 - Lancaster 603.788.2131 - Colebrook 603.237.5850 - Littleton 603.444-3069

Shop for a home online at TEAMNER.COM

RE/MAX Northern Edge Realty is now in Four locations in Northern NH. 21 real estate agents in the North Country of New Hampshire & Vermont.

Relocating to the area to work for the FCI in Berlin NH? We have an office in Berlin NH (603) 752-0003.

Our Lancaster NH office (603-788-2131) is only 34.5 miles away from the Federal Prison located in Berlin NH.

Our Littleton NH office (603-444-3069) is only 42.5 miles away from the Federal Prison located in Berlin NH.

Our Colebrook NH office (603-237-5850) is only 52.8 miles away from the Federal Prison located in Berlin NH.

Our Real Estate Agents service all of Coos County & Grafton County of NH as well as Essex County & Caledonian County of Vermont.

Visit RE/MAX Northern Edge Realty Online at TEAMNER.COM

If you or someone you know will be using Prudential Relocation for your relocation needs you can request RE/MAX Northern Edge Realty to assist you in your relocation to the Berlin NH area for the Federal Prison in Berlin NH (FCI Berlin).

Home Buying Tips:

If you're thinking about buying a home, you'll want to carefully choose the real estate professional you work with during the process.

You should commit yourself to working with one sales associate who can learn your likes and dislikes in homes to make your home-buying process easier. Choose a professional who specializes in residential real estate and who has specific knowledge of the local real estate and mortgage markets.

The person you choose should listen to you and be interested enough in you to find out about your housing needs and preferences. Service first should be the motto of the professional you choose with services going above and beyond what you expect and need. Doing some preliminary planning before you begin your home search will make the entire process more manageable and less overwhelming.

RE/MAX Northern Edge Realty: Located in 4 locations in the North Country of NH.

Berlin 603.752.0003 - Lancaster 603.788-2131 - Colebrook 603.237.5850 - Littleton 603.444.3069

Visit RE/MAX Northern Edge Realty Online at TEAMNER.COM

Starting in 2011, all landlords who receive rental income of more than $600 a year from a tenant must file a Form1099 information return for all rental income received and send a copy of the 1099 to the tenant. Landlords must also send a 1099 to all service providers who received payments of $600 or more during the year, such as plumbers, carpenters, yard services and repair people.

Prior to 2011, this requirement had only applied to those involved in full-time property management, but now the requirement covers all types of landlords. Congress took this action in order to assure that income paid to contractors can be verified through a 1099. 

The new requirement applies to owners of both residential and commercial property. The only exception to the new requirements occurs when an owner temporarily rents out his/her primary residence, so long as the owner's income does not exceed a "minimal" amount to be determined by the IRS.

Landlords will need to gather federal tax ID numbers from both their tenants and service providers in order to file the 1099s. Failure to file the 1099s with the IRS can result in fines of $50 per 1099 not filed with the IRS.

The National Association of REALTORS® actively opposed this change in the law and is working with others to have this requirement repealed or otherwise modified.  To read more about the history of the law as well as the actions NAR has taken to oppose this change in the law, CLICK HERE.

Landlords are you looking for Property Management in Berlin, NH? Contact Northern Edge Property Management (603) 752-1112.

Berlin NH's Best Homes For Under $50,000. For more information contact Matt Martel of RE/MAX Northern Edge Realty located in Berlin NH (603) 723-0521. Email: matthewmartel@remax.net

A wonderful home with a wrap around porch and year round views of Mt. Washington, the Presidential Range and Mt. Forist. Remodeled eat in kitchen with new counter tops, cabinets, dishwasher and over-the-range microwave. Hardwood floors through-out and the home is equipped with all new vinyl replacement windows. Open concept dining room and living room. Spacious master bedroom with two closets. Remodeled full bath. The exterior of the home was painted in September 2010. Full walkout basement. Updated electrical with hard wired smoke detectors. A great place to call home! $44,900!

For people who love old houses - and love to work on them - Just think: You can purchase this 3 bedroom 2 bath house in a good neighborhood for way below market price, invest some time and money renovating it, and end up with a like-new house. Any time is a good time to buy a fixer upper. Especially if you buy the fixer upper for less than everything else around it. This house is located in Berlin NH's Norwegian Village. You've heard it a million times but it's true -- location drives saleability. The perfect fixer upper is the home that everybody wants when fixed up but few can see past its imperfections to buy. All systems are up and running, the home also features a wood burning furnace plus an oil fired furnace, vinyl siding, new roof in 2001, 1st floor laundry area, hardwood floors and full walkout basement. $42,000!

This home is ready for new owners. Whether your looking to downsize or if your a first-time home buyer this home is for you. Low maintenance home that features 2-3 bedrooms and two baths, vinyl siding, vinyl replacement windows, new carpet, tile floor in the kitchen with new countertops and dishwasher, enclosed front porch, new furnace, water heater and back yard with mountian views. A wonderful home for only $44,900!