North Conway NH Real Estate News

287 West Main Street in Conway, NH

I have a listing at 287 West Main Street in Conway, NH and I had a local lender work out a few scenarios regarding different financing and what the mortgage payment would be for each of the scenarios.

If you qualify for a USDA Rural Development loan (first time homebuyer, maximum earnings limit for Carroll County and minimum credit score) at the listed price of $89,900 your principal, interest, insurance (total mortgage payment) would be $680.48 a month.* $680.48 is less than the average rent in this area. And you would be building YOUR OWN equity not helping your landlord build his or hers. If you were able to get the seller to contribute some money to your closing costs and prepaids, you could be buying a house today with very little or no money down. Think about that.

If you didn’t qualify for Rural Development and instead opted for a FHA loan your total payment would be $702.10.* (FHA requires 3% downpayment).

If you were looking for an affordable vacation home and were not going to occupy this little gem, your mortgage payment would be $563.81.*

If you never thought you could own a home because you hadn’t researched it, now is the time to call and find out. I can be reached at (603) 520.8546.

For more details on the home, as well as photographs, go to www.donnabossie.com/pages/287_west_main_st_conway_nh and email me after you check it out.

Donna

*Calculated to include prepaids based on 15 days interest, 6 mos taxes, 15 mo hazard insurance and no mortgage insurance if it applies. The above are estimates and not to be construed as exact quotes, but a reasonable approximation, as of 2/1/2011 from Regency Mortgage.

Donna Bossie services the real estate needs of clients in North Conway NH as well as the following communities in the White Mountains area of NH:

Will Your Home Gain or Lose Value in 2011

“Tumbled” across an interesting article in the Tycoon Report on home values in 2011. They were discussing how difficult it is to predict when we are at “the bottom” of the market. That is probably a question that I asked on a daily basis. Buyers want me to make sure and contact them when I’ve determined that prices won’t go any lower. No one want so overpay in a market like this but unless they’re cash buyers, they also need to take particular note of what the interest rates are doing as well. It’s really about your monthly outlay when it comes right down to it, not necessarily what price you got your property at.

The full article has some good insights and sounds like New Hampshire is faring better than some states. Read the full article and let me know what you think!

Happy House Hunting!

Donna

Donna Bossie services the real estate needs of clients in North Conway NH as well as the following communities in the White Mountains area of NH:

North Conway NH Vacation Home Tax Rules

Good Morning

The White Mountains of NH just got hit with a fresh snow and we’re loving it! A great day to get out and enjoy the alpine skiing, cross country skiing or snowshoeing.

If you are in the market for a second home in North Conway NH, congratulations! Not only can you look forward to having a place to relax, you also can garner some tax benefits for that place in the mountains. You can use several tax breaks: in particular — mortgage interest, if you use the home as a second home to relax in rather than renting it out as a business property.

Read more for some info on using your second home as an investment property as well - http://www.donnabossie.com/pages/tax_rules_for_second_homes

Feel free to email me or call with any questions. Happy house hunting!!

Donna

Donna Bossie services the real estate needs of clients in North Conway NH as well as the following communities in the White Mountains area of NH:

Buying Your First North Conway NH Vacation Home

Prices are at an all time low and that makes it the perfect time to buy your first North Conway NH vacation home. You will love living where you play in the White Mountains of NH.

Before you buy your first vacation home there are a few things that you should do in order to make sure that the experience is as smooth as possible.

I’ve written some pointers that can be helpful — check them out!

Life is good up north and we can’t wait to see you in your new North Conway NH vacation home. SOON!

Donna Bossie

Donna Bossie services the real estate needs of clients in North Conway NH as well as the following communities in the White Mountains area of NH:

What 2011 Holds for the North Conway NH Real Estate Market

While reviewing and fine tuning my business plan for the new year, I was thinking about how I thought the North Conway Real Estate market would change in 2011.

I stumbled across an article written by the New Hampshire Business Review regarding the Granite state slowly climbing up the hole that had been dug. While recovering over a little more than half of the jobs that were lost in the “great recession”, we are about halfway home. New Hampshire gained about 17,000 jobs last year with good growth in the manufacturing sector.

The article has some good information on the housing market as well. Click here for more details on the predictions for 2011 in North Conway NH real estate.

Donna Bossie

Donna Bossie services the real estate needs of clients in North Conway NH as well as the following communities in the White Mountains area of NH:

Skiing in North Conway NH

Skiing in North Conway NH — for details check this out. Supreme skiing and riding conditions today!! Mount Cranmore, in the heart of North Conway Village, has 9 lifts open with 24 trails. There’s 10-12” of new snow and about 3” has fallen since 8:00 am this morning. The mountain is expected to pick up more snow as the day goes on.

December 21st is the resort’s first family festival of the season with a Fairytale theme for Cranapalooza. Cinderella, Humpty Dumpty and the Scarecrow, all favorites from Storyland, will be there. Kids can get their faces painted and receive balloon sculptures while their parents relax in Zip’s Pub.

Also, join Cranmore on January 27, 2011 for Biodeisel Day. All drivers of hybrids will receive a free lift ticket for the day as well as free VIP parking in the premier lot. Can’t wait to see you on the slopes. Ahhhh..fresh powder and skiing in North Conway NH by day and relaxing in the evening in your North Conway ski chalet.

Donna Bossie | Bean Group

Donna Bossie services the real estate needs of clients in North Conway NH as well as the following communities in the White Mountains area of NH:

Mount Washington, NH

Lots of adages from long ago, still hold true. It’s easy to overlook what is right in front of you sometimes.

I live, work and play in the White Mountains of New Hampshire and today, while driving to the grocery store, I caught a glimpse of the majestic way that Mount Washington itself overlooks the village and it made me pause and think. I know this mountain is in the same spot everyday but some days, it isn’t as readily noticeable to me. I take it for granted. Well, I’m glad that didn’t happen to me today.

Mount Washington sits majestically above us in all its splendor and deserves to be appreciated. Hope everyone appreciates their surroundings as well.

North Conway NH Real Estate Trends - January 2010

NHAR (New Hampshire Association of Realtors) posted some information on real estate trends in New Hampshire for the month of January 2010. Not all bad news, that’s for sure.

New Hampshire sold more homes in 2009 than they did in 2008. The average home/condo price was however lower than 2008. The number of foreclosures was up in 2009 as well. That produces many opportunities for potential buyers searching for a second/vacation home. Prices are more affordable now than they have been in a very long time.

More details on the real estate market are in the full report. Click here for the latest information.

Snowshoeing in the White Mountains of NH

With all the fresh snow on the ground, it’s a perfect time to get out the snowshoes and strap them on for the afternoon.

The Boulder Loop Trail is a shining example of how a popular summer and fall hike can turn into an excellent winter snowshoe excursion. The 3.0-mile trail rewards the snowshoer with spectacular vistas above the Passaconaway Valley for a relatively modest amount of effort. The Boulder Loop Trail is located just off the Kancamagus Highway.

The Carter Notch Trail is for the more experienced outdoorsman. This hike follows the Nineteen-mile Brook Trail through Carter Notch. The moderately steep trail climbs only 3.8 miles to the Appalachian Mountain Club Carter Notch Hut, passing cascades, two small mountain lakes, and open views along the way. It’s a popular route, both summer and winter, offering plenty of scenic outlooks as it winds through the picturesque notch, wedged in between the ridges of Wildcat Mountain and Carter Dome.

You can join yours truly at the Pooh Hill Snowshoe Scramble this Saturday, January 23rd. The race is being held at King Pine & Purity Spring Resort on Eaton Road (Route 153) in East Madison, NH. Registration at Milt’s Place at King Pine from 10:00 - 11:00 am. The race starts at 11:30 am. Below is the updated course description.

COURSE DESCRIPTION (Updated 01/17/2010)
With a tremendous amount of regret I must announce that it’s finally official…the climb up Toll Hill (via the Pooh Hill Trail) will be eliminated. As you can see below, the recent logging near the Pooh Hill trail junction has devastated this section of the course. I had hoped to salvage it, but until I saw it this morning I had no idea how bad it was. As of today (Sunday 1/17) the snow conditions are very fast. The snowshoe and Nordic trails are hardpacked and will be lightning fast! With the elimination of “Pooh Hill” the course will be shorter (and decidedly flatter) than the roughly 9 km it measured last year and due to a “trouble spot” or two may look a little different as well. A final distance and course description will be released on this webpage Friday evening. Expect the distance to come in between 6-8 kms. Despite these changes, what will not change is our incredible hospitality, organization, and awards ceremony. We’re bringing hundreds of dollars worth of prizes to give-a-way and lunch is on us! Don’t wait, register today.
Should be fun for everyone!!

Let it Snow! Let it Snow! Let it Snow in North Conway, NH

Snowing is falling as I type. We had a good 12” yesterday and Mother Nature has been adding on to that total little by little all day long. Makes the ski slopes just perfect!!

Come on up and spend the day at Cranmore Mountain with 5 lifts and 50 trails. Attitash Mountain is another favorite with 6 chairlifts running and 66 trails open. Or head up to Jackson and ski Wildcat Mountain in Pinkham Notch. They have 3 chairlifts and 42 trails open. Life is good.

You might just decide to buy your own mountain getaway and enjoy as much of the skiing season as you possibly can. Lots of options available now for someone looking for a ski chalet or mountain getaway for the whole family.

Hey, let it snow! let it snow! let it snow.