Real Estate Transactions

[rander7823]

Hey Folks,

Is ther any easy place to find out the details of recent property sales in the Gilford area. Someone bought the condo we usually rent at Samoset and I am trying to find out how much the paid......so I can kick myself...while I am looking for a new place to rent.

[Bobe]

Just go to the town assessor's office, as they have all that info on file

[Just Sold]

If you know the sellers name then you can find the info here. Look for Search Records. If the sale was in the past few weeks it will be in as an "Unverified Grantor". If not just search "Grantor"

To figure the sale price multiply the tax stamp amount found on the deed by $15.00 and you will get the price in thousands. ie: Tax amount of $5625.00 = $15 x 375 ($375,000 sale price).

http://nhdeeds.com/belk/web/BeHome.html

[secondcurve]

Just sold:

What is going on with the Lakes Region real estate marketplace? Still headed down, stabilizing?

Thanks,

[rander7823]

Thanks JustSold that worked great.

[SAMIAM]

Just sold.....never tried that and need a lesson.The formula didn't work for me so I went back to your example and found that 5625.00x15.00 only =84,375....is there a step that I missed?

[wifi]

I think the key is its $15 per thousand on a tax stamp; so therefore you take the price of the stamp divide by 15 then multiply by 1000.

[fatlazyless]

Am I incorrect but doesn't $15./1000 = a NH real estate transfer tax of 1.5% that gets shared evenly by the seller and buyer for .75% each. Does NH have the highest real estate transfer (not property) tax in the country?:eek:

[longislander]

http://www.nhdeeds.com/belk/web/BeTransferTax.html

[Just Sold]

fatlazyless: "Am I incorrect but doesn't $15./1000 = a NH real estate transfer tax of 1.5% that gets shared evenly by the seller and buyer for .75% each. Does NH have the highest real estate transfer (not property) tax in the country?:eek: ."

1.5% sounds right. I do not know who has the higest RE transfer tax. 50/50 split for buyer and seller @ $15.00 per $1000.00 of value in NH.

Samiam: never tried that and need a lesson.The formula didn't work for me so I went back to your example and found that 5625.00x15.00 only =84,375....is there a step that I missed?

You multiplied instead of dividing the tax amount.

Secondcurve: "What is going on with the Lakes Region real estate marketplace? Still headed down, stabilizing?"

The market for lake (waterfront property) seems to be doing pretty good. Some dropping in price but not much as compared to non-lake property. Some extended time to sell but those that can afford this type of property are not in the same demgraphic or financial position as the rest of us. They have $$$$ and they still can afford the second home or a boat for that matter. More power to them if they do.

The market outside of lake property is slugush and prices have declined but that is also relative to where the property is in the state. We have so far seen a spring surge but it is not as much as in years past. I have been in RE 14+ years and saw the last drop in prices and its effect on the overall market and today is no different. We are in an adjustment phase and I cannot tell you or anyone when it will be over at this time.

There have been a lot of forclosures in NH and they predict a total of about 3000 for 08. There have been a lot in Laconia and a few in Alton, Gilford and the towns surrounding the lake. This data is not generally available to the public unless you read all newspapers in the state but Laconia is the forclosure leader in this area and that fits as it is the biggest community around here. I have access to this information through publications that I and my office pay for with weekly updates. It is not generally accessable to the public and as I am a member of the MLS etc. I do get a lot of other data which helps me understand the RE market.

I hope this helps.:)

[pmj]

Here's a website where you might find this info as well. You can search via the street name.



http://www.whosoldmyhouse.com/search.asp

[fatlazyless]

The classified has an ad for a cottage on the west side of Rattlesnake Island for $265,000. Would be interested to hear if this is a normal type of island price in today's market and how much it could have sold for in May 2006?

[kjbathe]

I've heard from a couple different folks that home inspectors have been exceedingly busy in the last few weeks. Are these related to home sales, or could it be folks opening up for the season? There certainly appear to be some great deals out there.

[secondcurve]

Just Sold:

I just noticed your response to my question regarding the RE market. Thank you, it was insightful. I guess time will tell whether the price adjustment is over or there is another leg down.

I am thankful that unemployment and interest rates have both stayed down. If either of these variables starts to head north, watch out below!!!