Waiting to buy a home in Portsmouth, NH could prove to be a costly mistake.With prices projected to keep rising, it’s essential to act sooner rather than later if you’re considering purchasing a property in this vibrant coastal city.1. Rising Home Prices:Portsmouth’s housing market has consistently seen home prices on an upward trajectory. Demand for homes in this beautiful coastal city has outstripped supply, intensifying competition among buyers. Delaying your home purchase could mean facing higher prices, potentially making it more challenging to find a property within your budget.2. Limited Inventory:The availability of homes in Portsmouth is relatively low compared to the high demand from prospective buyers. This scarcity can further drive up prices. By waiting, you risk encounteri... 09/07/2023

What is property fraud and how can I avoid it?Property fraud is when someone uses a false identity to change the ownership of a property from your name to their name. Once they have the property in their usually false name, they can use the equity in your property as collateral and get as many loans as possible using your property as security. This goes on behind the scenes and victims usually have no idea it’s even happening until they start getting past-due notices and calls from creditors looking for repayment of their loan.What about those “title protection” services? You may have seen or heard advertisements from companies advertising “Title Lock” protection or similar wording. They often pay celebrities big bucks to advertise their products while using scare tactics to frighten yo... 08/31/2023

You are invited to our FACTORY, DESIGN CENTER & MODEL HOMES TOUR Saturday, September 9th, 2023 Please select your tour time on sign-up form found at https://www.wmh-factory-tour.com/ In-Person On-Site @ 30 Reagans Mill Rd Wingdale NY 12594 Explore the advantages of designing and building a custom modular home for you and your family 08/27/2023

Why Median Home Sales Price Is Confusing Right NowThe National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following along and reading the blogs saying home prices have hit the bottom and have since rebounded.So, why would this say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology of each one. NAR reports on the median home sales price, while some other sources use repeat sales prices. Here’s how those approaches dif... 08/21/2023

Housing Market Forecast for the second half of 2023We’re over halfway through 2023 now so let’s take a look at what’s happened in the first half of the year and make some predictions for what the Portsmouth, NH housing market for the rest of the year might look like.Home price Forecastfor single-family homes and condos in Portsmouth and the New Hampshire Seacoast continue to appreciate and I note that Portsmouth crossed the million-dollar mark for average sales price in July for the first time ever. That figure was driven by several multi-million dollar sales of single-family homes and two large new homes developments coming on line with million-dollar price points. On the bright side, there are still some relatively reasonable prices for single-family homes and condos to be found in Po... 08/05/2023

Here’s why waiting to buy a home is a bad idea.Portsmouth, New Hampshire, and NH Seacoast home prices are projected to continue to rise, and the longer you wait, the more you’ll pay. If you’re considering buying a home in Portsmouth, New Hampshire, it’s essential to act sooner rather than later. The real estate market in this vibrant coastal city is thriving, and waiting could prove to be a costly mistake. Here’s why delaying your home purchase in Portsmouth, NH, could result in higher prices and missed opportunities.Portsmouth’s housing market has seen a consistent upward trajectory in home prices.With demand surpassing supply, the competition among buyers has intensified. If you wait to buy a home, you may face higher prices, making finding a property within your budget more challengi... 07/16/2023

Don’t miss our latest market minute video.If you're considering buying a home in Portsmouth, New Hampshire, it's essential to act sooner rather than later. The real estate market in this vibrant coastal city is thriving, and waiting could prove to be a costly mistake. Here's why delaying your home purchase in Portsmouth, NH, could result in higher prices and missed opportunities. #annandjim #lifeontheseacoast #buynow #video #realestate   07/11/2023

Manchester NH Real Estate Market REPORT July 10, 2023.  We have seen some big swings in our market since January. Lets look at some trends then we can go over what they mean.LETS TAKE A LOOK AT SOME TRENDS:The Amount of  Single Family homes on the market has risen from an average of 20 to 33.The average Listed price on Single Family homes has risen $25,000 on averageThe average Sales price on Single Family homes has risen $6,000 on averageThe average  Sales price  on Condos Listed dropped by  $15,000The Amount of  Condos For Sale has fallen by half.-------Home Prices are fluctuating sharply. Location and condition matter greatly.Some Homes are being Sold too low when not priced right.Lots of home sales under contract are falling through.Yes, there are deals out there for buyers.--------... 07/10/2023

 Now is a great time to sell your house in Portsmouth, NH, and the surrounding New Hampshire Seacoast area. The supply of Portsmouth, NH homes is low; low inventory means less competition for your house. You’ve probably heard about the intense competition and bidding wars that characterized the housing market over the last few years. While the peak of that frenzy may be behind us, it doesn’t mean you’ve missed your chance to successfully navigate the real estate waters and sell quickly for the best price. In fact, there are still plenty of opportunities to be found in this thriving market.Watch Our One Minute Market UpdateTo understand the current state of the New Hampshire Seacoast housing market, let’s look at a graph that illustrates the trend in the supply of homes for sale. This me... 07/08/2023

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In the past year, uncertainty and speculation have surrounded the real estate market. Many housing experts predicted a home price crash in 2023, leaving people unsure about the housing market’s stability.However, recent data from Fannie Mae tells a different story. Contrary to the forecasts, there has been a slow but steady improvement in confidence in home prices this year. As we entered 2023, the alarming predictions significantly impacted Americans’ perceptions of the housing market. According to the historical survey conducted by Fannie Mae last December, a higher percentage of Americans believed that home prices would decline in the next 12 months compared to any other December on record. This uncertainty led to hesitancy among buyers and sellers, causing a temporary slowdown in re... 06/29/2023

Forget the median price – it’s all about what you can afford when exploring the real estate market in Portsmouth, NH.While the median price provides a quick snapshot of the market, it fails to capture the intricacies and nuances that can significantly impact your buying or selling decisions. Let’s delve deeper into the Portsmouth, NH, real estate market with insights from trusted local experts Jim Lee and Ann Cummings of RE/MAX Shoreline. Find out why relying solely on the median price may lead to misleading conclusions and how to understand the local market best.The median price is often used as a real estate market benchmark. However, it’s essential to understand its limitations. The median price represents the middle point of a list of sale prices, separating the higher-priced proper... 06/27/2023

IS IT POSSIBLE? Multiple offers, long lines at open houses and waived home inspections are back? They sure are in Manchester New Hampshire. What else is here is the old rivalry of Listing Agents and Buyer Agents. Is rivalry the right word? Some say battle while others say game.  Lets start by saying How hard is it for a Listing Agent to acknowledge they received an offer and let the Buyer agent know? On the flip side, How hard is it for a Buyer agent to send in a complete offer written correctly? Lets start with why I am asking. Most often I am on the Seller Side Listing and Selling Homes. Acknowledging an offer is a must for me. It is common courtesy. Providing Great Service is a must for me no matter what I am doing. So when a person Lists with me, I always help them find a new home a... 06/26/2023

In-person on-location Westchester Modular Homes factory tours are back and the next one is this coming Saturday June 3rd at our factory in Wingdale, NY. Use the sign up link https://www.wmh-factory-tour.com/ to reserve your tour time slot!See for yourself how we can help you design and build your custom premium modular home at less expense than a traditionally built home... much faster, more sustainably, solid, stylish and fully customized to your needs and wants... any size, style and layout! 06/01/2023

Manchester NH Real Estate Market REPORT May 29, 2023.  The market is seeing some ups and some downs. Lets look at some trends then we can go over what they mean.LETS TAKE A LOOK AT SOME TRENDS:The Amount of  Single Family homes on the market has fallen.The average Listed price on Single Family homes has fallen.The amount of  Condos Listed has risen sharply. The average Listed price on Condos has fallen.-------Home Prices are fluctuating sharply. Location and condition matter greatly.Some Homes are being Sold too low when not priced right.Lots of home sales under contract are falling through.Yes, there are deals out there for buyers.-------------WHAT DO THESE TRENDS MEAN:  In general it is when things do not go right that a buyer or seller "learn a lesson" in dealing in this market. Both... 05/29/2023

Discover the Top 7 Reasons to Choose the New Hampshire Seacoast for Your Ideal HomeImagine living where stunning ocean views, sandy beaches, and a vibrant community are at your doorstep. Prepare to be captivated by the allure of the New Hampshire Seacoast, where Ann Cummings and Jim Lee await to guide you through your real estate journey. Brace yourself for an enticing adventure that will leave you longing for a slice of coastal paradise.Here are seven compelling reasons why the New Hampshire Seacoast is the ultimate destination for your residential dreams: Unrivaled Coastal Beauty: Prepare to be mesmerized by the breathtaking landscapes that only the New Hampshire Seacoast can offer. Picture yourself waking up to picturesque sunrises, the gentle sounds of crashing waves, and the refres... 05/14/2023

Manchester NH Real Estate Market REPORT May 8, 2023.  Typically we see a sharp increase in new Single Family and Condo Home Listings hitting the market by May. This year we are not seeing that. Most Home Owners are staying still. Those who "need" to move are getting good prices for their homes. One factor could be it is easier to find a buyer than it is to get the sale to close. Banks are tightening their lending practices. Appraisers are being tougher on homes. Home Inspection results can be asking for more from the seller than ever. All total it means more sales falling apart then in years past. Having an Agent that is there for your through each step of the Buying or Selling process is a must. MANY ASK WHAT THE DIFFERENCE IS FROM ONE AGENT TO ANOTHER? As with a changing market, you w... 05/08/2023

Manchester NH Real Estate Market REPORT May 1, 2023.  Spring is in full swing. Lets give you a quick update on the Spring Market here in our area. We are seeing about 15 new Single Family listings hit the market each week. We are seeing about 16 homes go under contract each week. Despite what you hear in the media, the numbers tell us homes are selling and some as fast as they are listed. The media is not telling you a goo third of those may fell through due to buyers mortgage, inspections or the appraisal. BUT WAIT - Why are some homes not selling? There is a secret in Real Estate I want to share. Overpriced Listings are not selling. That is not a secret you say. It is to some, but the biggest secret is "There are homes being listed and sold right now "Under market value." What does th... 05/02/2023

Are you considering moving to Portsmouth, New Hampshire? If so, you’re not alone! This charming coastal city has become a popular destination for people from all walks of life.In this blog post, we’ll explore five reasons people love living in Portsmouth, New Hampshire.Rich HistoryPortsmouth, New Hampshire, is a city that’s steeped in history. Founded in 1623, it’s one of the oldest cities in the United States. This year, 2023, Portsmouth is having a yearlong celebration of its 400th anniversary. Visitors and residents alike can immerse themselves in the city’s history by visiting the Strawbery Banke Museum, which features restored 17th-century buildings and exhibits that bring the city’s past to life. Portsmouth has many other historical sites, buildings, and places. The locals say you... 04/29/2023

Manchester NH Real Estate Market REPORT April 24, 2023.  Where are all the houses For Sale we usually see in the Spring? That is what people are asking more than ever. Once again we are seeing more Buyers ready to buy than homes on the market to Sell them. That makes now the time to List your home with us if you have been thinking of Selling. If you were thinking of Buying, there is new Listings coming on the market. You just need a little advantage over other buyers. That starts with the agent you choose to help you buy. Being ready to buy and getting access to homes quickly are a must.  It is no longer a secret that many purchases are falling through. It makes your choice of an Agent matter more than ever. Experience matters. MANY ASK WHAT THE DIFFERENCE IS FROM ONE AGENT TO ANOTHER? ... 04/24/2023