Matt Martel Blog. The Berlin NH Real Estate Guy!: March 2011

Berlin NH Home Sales (Single Family Home Sale Report)

Berlin NH: The first quarter of 2011 saw single family home sales in Berlin NH grow slightly compared to the same time frame in 2010.

Beginning January 1st 2011 through March 26th 2011 Fourteen Single Family Homes have SOLD. The highest SOLD price being $129,900.

From January 1st 2010 through March 26th 2010 Ten Single Family Homes SOLD. The highest SOLD price being $112,900.

For more information on the real estate market in Berlin NH please don't hesitate to contact me (603) 723-0521. Please visit my website: MatthewMartel.com

 

0 commentsMatt Martel • March 26 2011 08:57PM

Sentimental Value Vs. Market Value? Knowing The Difference Sells Homes!

When selling your home today and in this market it is critical to price your home properly for a successful sale. Gone are the days when you could list your home at the top of the market, selling your home above what you listed at with multiple offers. When pricing your home for sale, this is not the time to "test" the market. The only thing that will be tested using this approach will be your patience.

It is vital to know the difference between market value and sentimental value before listing your home for sale.

Market value is the price that an interested, informed, but not desperate buyer would be willing to pay and an interested, informed, but not desperate seller would be willing to accept on the open market assuming a reasonable period of time for an agreement to arise.

Sentimental Value is the inflated opinion of your homes value.

It is very hard to be objective about what to list your home at because of your emotional attachment to it. Unfortunately many homes today are listed at sentimental value. This happens because many sellers list their homes based on what they want to hear rather than what they need to here. The difference for some agents can be the difference in getting your listing or not.

Unfortunately these overpriced homes sit on the market for months. These longer marketing times negatively impact statistics making it appear that the market is slower than it truly is. A buyer in today's market has time to compare competing homes and are in no hurry to buy. They may look at dozens of homes and become very aware of what is priced right and what is not. Now as your home sits on the market for months you soon realize that you need to lower your asking price. You lower it and a few misconceptions could arise as a result. 1) The perception could be that there must be something wrong with your home that it has not sold yet and now your lowering the price. 2) You lowered your price let's wait it out to see if you continue to drop it lower.

Here is what could happen if you do sell your home at sentimental value. The buyer's lender will have your home appraised and it comes in at market value which is lower than the sentimental value you agreed upon. Two things could happen at this point 1) is the buyer will need to make up the difference from what the home is sold for and what the appraiser appraised it at. 2) The other possible scenario is the buyer could think that you tried to take advantage of him/her and walk away from the sale altogether.

Article provided by Pablo Santibanez. 

Pablo Santibanez is the owner/founder of Fast Appraisals 4 U a Real Estate Appraisal firm with 2 offices located in the cities of Los Angeles and Stevenson Ranch. His firm is rated AA with the better business bureau.

0 commentsMatt Martel • March 25 2011 10:13AM

Thinking of placing your Berlin NH home on the market? If so, consider this...

Thinking of placing your Berlin NH home on the market? If so, consider this...

68 single family homes have SOLD in Berlin since March 9th 2010 through March 9th 2011.
Our Team of Realtors here at RE/MAX Northern Edge Realty were involved in 47 of those sales.

...(Based on Berlin NH mls statistics obtained from the Northern New England Real Estate Network for the period 03/09/2010 through 03/09/2011)

RE/MAX Northern Edge Realty is located on 232 Glen Avenue in Berlin, NH. Feel free to contact us today (603) 752-0003 & visit us online at TEAMNER.COM

0 commentsMatt Martel • March 15 2011 12:17PM

Buy a home in Berlin NH for under $30,000!

Buy a home for under $30,000 in Berlin, NH! For more information contact Matt Martel of RE/MAX Northern Edge Realty located in Berlin, NH (603) 723-0521. For more on Berlin NH Real Estate please visit MatthewMartel.com

Looking for a project? This 3 bedroom, 1 bath home has seen it's exterior redone with vinyl siding and replacement windows. The interior has extensive freeze damage and will need to be repaired. $17,900!

 

Small and efficient home could be a 3 to 4 bedroom home. Property has seen updates in recent past but still needs finishing touches inside and out. Perfect handyman special! $24,900!

 

0 commentsMatt Martel • March 11 2011 11:42AM

Berlin NH: Prison Warden keynote speaker at chamber meeting.

By Barbara Tetreault Mar 01, 2011 12:00 am

SHELBURNE - Speaking at the Androscoggin Valley Chamber of Commerce annual meeting, Warden Dr. Deborah Schult said the question is not "if" the federal prison in Berlin will open, but rather "when" it will open.

On the job two weeks, Schult explained the facility is ready to open except it lacks an operating budget. Because Congress has failed to pass a 2011 budget, the government is running on a continuing resolution that funds agencies at the 2010 level. Construction of the Berlin prison was just completed last fall so it had no 2010 operating budget. With Congress increasingly looking at passing another continuing resolution when the present one expires on March 4, Schult said officials are working behind the scene to get language included that provides money to activate the Berlin prison. If that does not happen, she said, the next option is when the 2011 budget is eventually passed.

Schult stressed the bureau needs the beds the Berlin prison will provide and there is no chance it will not open.

"It's not a matter of if we're going to activate but when we're going to activate," she told the crowd. "We're ready to go," she said.

The federal prison in Berlin cost $245 million to construct and when fully activated, will hold 1,700 inmates. The prison will employ 332 people with 60 percent new hirees. Right now, Schult there are 16 staff members on board, three are New Hampshire natives.

Schult described her background as a psychologist who enjoys finding out "what makes people tick". She started in the Bureau of Prisons in 1995 as a psychologist and has worked with all kinds of inmates including mentally ill, drug addicts, and sexual offenders. Schult ended up in Washington D.C. overseeing all the clinical treatment programs in the system before transferring into administration eight years ago. She served as associate warden at Fort Devons, Massachusetts, and then became warden at Ray Brook, N.Y. When she heard a new prison was being built in Berlin, she was interested in the opportunity to activate a new facility. She revealed she visited Berlin a year and a half ago to check out the community.

"I actually asked to come here," she said.

Schult said she is a native New Englander, born in Massachusetts and noted that part of her family owns a dairy farm in Vermont.

She and her husband have two children, a third grade student and a fifth grader.

Cutline - Dr. Deborah Schult, warden at the new federal prison, was the keynote speaker at Friday's Androscoggin Valley Chamber of Commerce annual meeting at the Town and Country Motor Inn in Shelburne Friday night.

0 commentsMatt Martel • March 09 2011 10:58AM