Winnipesaukee Forum - View Single Post - $3,995,000

marinewife · 02-03-2021, 01:18 PM

I recently spoke to a local realtor to ask who are the people selling their homes here to the newcomers (mostly MA 80%, then CT, NY, NJ buyers), and was surprised by the answer.

Many of the sales are from elderly people who don't want to keep up with a 2nd home and would rather cash out in a good market, feeling they can always rent for a few summer weeks if they miss the area.

Another group- the adult children of the recently deceased (or their parents have moved to a long term facility) and are unwilling or cannot come to an agreement on covering the costs of keeping the family vacation home, vacation black out days, whether to rent it out, etc.

This group is typically where the selling price seems too high or unreasonable- there's in-fighting, one sibling may want to keep it, and the others want the money instead- many price it higher, against a realtor's instincts, hoping some out of towner will jump at it.

Lastly, those that are divorcing are selling their vacation homes as well.

I just hope the new residents are friendly, adapt to NH, and don't try to change what we have here.

02-03-2021, 01:18 PM	#64
marinewife Senior Member Join Date: Apr 2015 Location: the quiet side of the lake Posts: 107 Thanks: 56 Thanked 65 Times in 32 Posts	I recently spoke to a local realtor to ask who are the people selling their homes here to the newcomers (mostly MA 80%, then CT, NY, NJ buyers), and was surprised by the answer. Many of the sales are from elderly people who don't want to keep up with a 2nd home and would rather cash out in a good market, feeling they can always rent for a few summer weeks if they miss the area. Another group- the adult children of the recently deceased (or their parents have moved to a long term facility) and are unwilling or cannot come to an agreement on covering the costs of keeping the family vacation home, vacation black out days, whether to rent it out, etc. This group is typically where the selling price seems too high or unreasonable- there's in-fighting, one sibling may want to keep it, and the others want the money instead- many price it higher, against a realtor's instincts, hoping some out of towner will jump at it. Lastly, those that are divorcing are selling their vacation homes as well. I just hope the new residents are friendly, adapt to NH, and don't try to change what we have here.