This Blog is all about real world real estate, no pie in the sky, just the information needed to help you make informed decisions. Looking for information on a career in real estate? Buying or selling? Looking for market data and trends? No crystal ball here but 22 years of solid real estate experience at your disposal. Humor me as we travel around a bit and discuss everything from family to business.
I've been thinking lately about all the
foreclosed properties on the market in
New Hampshire. Last week I
showed 4 of them, 3 in
Hampstead, NH alone.
I have buyers who are looking specifically at
foreclosed homes. They understand that there are some great buys out there and they also
understand the risks. Buying a house without any
disclosures is nerve wracking and many times the former home owner ended up neglecting the home. Sometimes that
neglect is obvious,
other times it's not. Often times the vacant property will be broken
into, used as a party house and just plain trashed. One house in
Hampstead that
we showed even had the sink torn out, parts of the heating system
removed, lighting fixtures just pulled from the ceilings with no
thought given to the damage incurred. The place basically was trashed.
Another had the windows busted out...you could tell it had been broken
into.
Even so, someone can get an awesome buy.
Bank owned homes can be a great buy and you should not hesitate to make a low offer. Get yourself a good buyer agent
(I'm available) and follow their advice. Trust me, the Banks are not
emotionally attached to the house. They want to sell but be prepared for anything. Don't go it alone, a good agent can make all the difference!
Some statistics...
So far, January to November 2007 there have been 434 foreclosed homes in New Hampshire compared to 2006 when we had 253
for the entire year. The state expects that number to dramatically
increase next year due in part to the number of delinquent sub prime
mortgages in NH. The word is that by mid 2008 they expect about 900 foreclosures per quarter. That number blows me away. Back in 1991 we had 1,231 foreclosures and in 1992 we had 1,153.
If you're a home owner in default or if you know of someone facing
foreclosure be careful out there because there are a lot of scams going
on and the scumbags are everywhere. Check out this video from Freddie
Mac, learn to spot a foreclosure scam and find out how to avoid
becoming victim to home foreclosure fraud.
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About Jay McGillicuddy
When buying or selling, don’t make a “move”
without the help of Jay and Monika McGillicuddy…
your Real Estate Professionals.
When looking for KNOWLEDGE, SKILLS and EXPERIENCE plus SERVICE at its best,
Call Jay and Monika to lock into their proven formula for success.
Jay and Monika are licensed veteran professionals with over 20 years of real estate experience each. Both have extensive training, sharp negotiation skills and the ability to handle every aspect of your transaction quickly, easily and accurately. They are the keys to your success!
When buying or selling a home you need these keys to ensure the ultimate success of your most important real estate decisions!
That is why it is imperative you choose REALTORS® who offer you keys that work . . . REALTORS® who are qualified to open all the right doors step by step!
Jay and Monika have the experience and service you need to make certain your real estate transactions are carried out exactly as you intend.
They can handle every aspect of your purchase or sale quickly, easily and accurately. Jay and Monika have specialized in the Southern New Hampshire area for over 20 years and know its neighborhoods well. They are always aware of the area’s ever-changing real estate trends.
Let them Work For You!
Jay and Monika have both been deeply honored to be selected by their peers as REALTOR® of the Year. Jay in 1991 and 2004 and Monika in 1993 and 2000.
Jay was the 2004 president of the New Hampshire Association of REALTORS®.
Monika serves on the National Association of REALTORS® professional standards committee and is a certified mediator.
Jay was Awarded the Omega Tau Rho Medallion Service Award by the National Association of REALTORS® in 1999.
Monika and Jay reside in East Hampstead. Both are active in their community and enjoy spending time with their family and friends.
They love the outdoors and enjoy sea kayaking, bike riding and camping.
Jay is an avid golfer and Monika tries to like the game. They both enjoy good health and enjoy working out at the Hampstead Health and Fitness Club.
They love exploring the coast of Maine, Lobsters and Steamers.
Jay is a life long Patriots and Red Sox fan. Monika just likes Adam Vinateri and USED to like Johnny Damon.
Over the years Jay and Monika have found that being REALTORS® has truly given them many Golden Opportunities and Lasting Friendships….