Getting Ready to Retire, Review Your Options with Your Tax Advisor

The Internal Revenue has some guidelines in place when you sell your primary residence. You typically can exclude a profit of as much as $500,000 if you’re married and file jointly with your spouse,  single, the maximum amount is $250,000. The amount is based on your profit, not on the total sale price of your home.

To qualify for the maximum amount, you must have owned the home and lived it in as your primary residence for at least two of the five years prior to the sale. Contact the IRS or your tax advisor prior to selling your home to get a firm basis of your tax or tax relief.

Even if a homeowner can’t pass the ownership and two to five years prior, that person still might be eligible for a “reduced maximum exclusion.” To qualify, the sale of your main home must be due to one of the following reasons: “a change in place of employment,” or “health,” or “unforeseen circumstances,” the IRS says in Publication 523 (“Selling Your Home”).

The IRS defines “circumstances” as “the occurrence of an event that you could not reasonably have anticipated before buying and occupying your main home.” That would include such things as “natural or man-made disasters or acts of war or terrorism resulting in a casualty to your home, whether or not your loss is deductible.” See Publication 523 for more details.

Login to the Internal Revenue Website for additional information and to verify the content of this post or contact your tax advisor. 

New Hampshire is one of the top retirement states. We have over 250 lakes with no sales or income tax to deal with. NH Where the lakes meet the mountains. 

squam lake real estate

This home is available in the Squam Lake Watershed. Mountain Views and access to the marina on Squam.

 

 

 

 

For information on lake property call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view  lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Paula Hinckley or Carl Sack today

Posted in Featured RE News by Carl. No Comments

You are cordially invited to Open House Day at Squam River Landing

We will be on-site October 21st from 10-4

 

Refreshments will be served, a cozy fire to enjoy with friends and drawings for ski tickets,
an overnight at Bretton Woods and a Theme Basket (need not be present to win).

Squam River Landing Discovery Home

 

 

 

 

Squam River Landing, Ashland, NH

Learn more about this sustainable living community sited in the Squam Lake Watershed
with a marina on site and access to the town beach on Little Squam.

Directions:
From I-93 traveling North or South: Take exit 24, Ashland. Travel 2.6 miles south on route 3 then turn right onto River Street. Go over the covered bridge and travel .6 miles up Leavitt Hill Road. Follow Signage.

From Meredith: Drive 9.7 Miles on Route 3 North then turn left onto River Street. Cross the covered bridge and travel 06 miles up Leavitt Hill Road. Follow Signage.

Google Maps: Leavitt Hill Road, Ashland NH (Follow Signage)

Hosted by Four Seasons Sotheby’s International Realty and Sippican Partners 

Squam lake homes and lots

Lake View and Mountain View Lots are Still Available

 

Paula Hinckley, Co-Listing Broker
Cell: 603.566.6608  Office: 603.677.7012
Paula.Hinckley@SothebysRealty.com

Carl Sack, Co-Listing Agent
Cell: 603.566.2386  Office: 603.677.7012
Carl.Sack@SothebysRealty.com  

3 Main St Meredith NH 03253

Posted in Featured RE News by Carl. No Comments

Lake Winnipesaukee Lakefront Home, Alton NH

Lake Winnipesaukee Lakefront Home, Alton NH

Take your choice of views from this well maintained waterfront home. Set directly on 100′ Lake Winnipesaukee shoreline with easterly views is an affordable lake home waiting for you to make memories. The open concept floor plan lends itself to entertaining for all the friends and family who come to visit. Natural woodwork on the cathedral ceilings with exposed beams and hardwood floors will match any décor style you choose. The second floor master bedroom has amazing views and a private balcony. Upstairs you will also find a large second bedroom, open loft space and full bathroom. Your finished walk out lower level has ample opportunity to make the perfect game room or additional sleeping quarters – you be the judge! The large permanent docking system comes equipped with a 6 ton boatlift and a jetski lift. No parking issues to worry about here with an oversized two-car garage and large paved parking area. Minutes to Gunstock Ski Area, Golf, Hiking and Shopping. Owner is a licensed real estate agent. Listed by Ashley Davis of Four Seasons Sotheby’s International Realty.

lake winnipesaukee home for sale alton

Open Water Winnipesaukee Views, Boat Lift – Garage – Close to Skiing & Golf

For additional information on this property call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view similar lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.  Ask for Paula Hinckley or Carl Sack for all your lakefront real estate needs.  #nhlakesrealty 

Rehabilitated Bald Eagle Released on Island in Squam Lake

Rehabilitated Bald Eagle Released on Island in Squam Lake

HOLDERNESS, N.H. — A juvenile bald eagle was released into the wild on a Squam Lake island today by N.H. Fish and Game Conservation Officers and wildlife rehabilitator Maria Colby of Wings of the Dawn Bird Sanctuary in Henniker.

Conservation Officer Christopher Brison rescued the injured bird in August of this year. It was found with a broken leg near its nest on Long Island in Squam Lake. A concerned island property owner on Squam reported the injured bird and helped Fish and Game reach the island by boat. Brison brought the rescued eagle to the Squam Lakes Science Center, which then relayed the bird to be rehabilitated by Maria Colby at the Wings of the Dawn Bird Sanctuary. It is not known how the young eagle was injured, but it may have fallen out of the nest or had a rough landing while learning to fly.

CO Brison, Fish and Game Sergeant Brad Morse and wildlife rehabilitator Maria Colby travelled by boat to Long Island this morning (October 10, 2014) to release the bird near its nest.

“We’re glad to have played a positive role in rescuing this bird, so it could be restored to its healthy state and returned to the wild today,” said Brison.

In its summary of the 2014 New Hampshire Bald Eagle breeding season, N.H. Audubon reported earlier this year:

“This spring marked the 27th breeding season in the post-DDT recovery era for New Hampshire’s bald eagles. Since a sub-adult pair first returned to reoccupy an historic nesting tree at Leonard Pond on Umbagog Lake back in the late 1980s, our state’s bald eagle population – once classified as federally endangered, currently still listed as state-threatened – has been rebounding

“Over the last decade, this population growth has been extremely robust, doubling roughly every 5 years – 10 territorial pairs in 2005, 22 territorial pairs in 2010, and 41 territorial pairs in 2014!

The confirmation of a total of 41 territorial pairs in N.H. in 2014 set a new state record-high for the post-DDT era. NH Audubon staff and volunteer eagle observers documented incubation by 27 (66%) of the state’s 41 pairs. One-third of known New Hampshire pairs were not confirmed to have incubated eggs this year, which may be due to several factors, including early nest abandonment due to ill-timed snow events, and to new or inexperienced pairs connecting late in the 2014 season. Of this year’s 27 incubating pairs, 24 (89%) were successful in fledging at least one young.

“The 24 successful nests also is a new post-DDT era high mark for New Hampshire. A record-high total of 41 young fledged in N.H. in 2014, an average of 1.52 young fledged per nesting pair and 1.00 young fledged per territorial pair. Both of these figures are above the state’s 27-year averages of 1.33 fledged per nesting pair and 0.94 young fledged per territorial pair.

“NH now has bald eagles nesting in all three far-flung corners of the state – from Pittsburg to New Castle to Hinsdale. Perhaps nowhere is the growth of the eagle population more obvious than in the Lakes Region, where 11 territorial pairs now scattered between Newfound Lake in Hebron and Province Lake in Wakefield produced a total of 14 fledglings in 2014. That same geographical area only hosted only one known nest (Squam Lake) a decade ago. Two Lakes Region eagle pairs (Squam and Round Island on Winnipesaukee) produced three fledglings apiece in 2014, the only 3-chick nests documented in the state this year.

“Other highlights in 2014 included the first successful nesting on the Merrimack River north of Concord, confirmation of a new territory south of Concord near the Bow Power Plant, and the post-fledging discovery of a successful pair on the Connecticut River in Piermont.”

For information on lake property call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view  lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Paula Hinckley or Carl Sack today for NH Lakes Area Real Estate   #nhlakesrealty

Squam Covered Boat Dock for Sale, Plus New Squam Homes

Squam Lake   This enclosed boat house covers a deeded boat slip at Squam River Landing Boat Club within the Riveredge Marina. The boat dock can fit up to a 21′ boat in length. Ideal to protect your boat all year long, the boat can be lifted out of the water and stays in the boat house through the winter. There is interior lighting and electrical. An interior ladder leads to storage above for your boating accessories. Amenities at the marina include, a clubhouse with an outer patio deck, storage, picnic areas, a shower house, a ship store and service year around.   Listed by Matt Dickson of Sippican Partners Brokerage LLC

squam lake boat slip - dock

Covered Boat Slip on Squam with gear storage in side and Winter Storage

If you want a home to go with your boat slip you can be part of this exciting new Squam Lake Community which balances environmental, economic and social considerations in it’s development. Homesites overlooking and part of the Squam Watershed will preserve the beauty of the area while minimally impacting the land. Some lots are wooded and provide privacy and abut hundreds of acres of conservation land, others offer outstanding lake and/or mountain views. The community will be a fully recreational winter/summer fantasyland with snowmobile and snowshoeing trails throughout the acreage and access to Squam Lake through the affiliate owned Riveredge Marina. There is a community Center and roof top deck are available for use as well as the town beach on Little Squam. The community abuts 100’s of acres of conservation land.

squam homes for sale

Squam River Landing Homes for Sale

For information on lake property or docks call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view  lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Paula Hinckley or Carl Sack today for NH Lakes Area Real Estate   #nhlakesrealty

 

What about that New Hampshire Lakefront Home?

Is a NH lake home in your future?  This fall my be the best time to purchase a lake home in NH. Sellers are ready to move on! The thought of heating and paying taxes on a home they visited 2 weekends all summer is just painful for many owners. This puts you as a buyer in a great position to secure your dream home.  Interest rates are still low and the local banks area eager to help you painlessly through the mortgage process. 

Step one in the process is working with an experienced agent who is knowledgeable about NH Lakes.  Paula and I have helped over 20 buyers this summer find a vacation home that meets the lifestyle they looked for. We have over 35 years of combined experience selling lakefront property. 

With our help buyers this summer buyers found homes on Sunapee,  Silver Lake in Madison, Hermit Lake, Pleasant Lake  Winnisquam, Winnipsaukee, Merrymeeting, Ossipee.  Cottages, camps to luxury estates.  Quality homes move quickly call us today. 

winnipesaukee lakefront property

One of the Homes we found for a Texas Buyer

For information on waterfront homes call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view similar lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Paula Hinckley or Carl Sack today for NH Lakes Area Real Estate   #nhlakesrealty

Ossipee Lake Home for Sale with a Sandy Beach

Ossipee lakefront contemporary located at the waters edge!! Beautiful well cared for home located on a quiet Cove with a gorgeous flat sandy beach and Mt Views. This home features an open concept living/dining. Updated kitchen and baths. Living room has a wood fireplace and sliders to a sunny 3 season porch with awesome lake views. 1st floor bedroom plus two additional ones on the 2nd level and 2 bathrooms.  Full walkout basement opens to a patio area under the deck . Nothing to do here but sit back and start enjoying a wonderful lake home. This home is minutes to Golf and plenty of hiking trails.   Listed by Gerard at Costantino Real Estate LLC  

Ossipee Lake Real Estate

3 Bedrooms – 2 baths priced under $500,000

For additional information on this home call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view similar lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Paula Hinckley or Carl Sack today for NH Lakes Region Real Estate   #nhlakesrealty

Merrymeeting Lake Home, 1200 Acre Glacial Lake

Merrymeeting Lake, New Durham NH Cute 2 bedroom, 2 bath Merrymeeting Lake cape with 120 feet of sandy bottom shore, beautiful sunrise views, crystal clear water, located in a desirable and quiet cove. Owned and loved by the same family for over 45 years, this year round home has a charming pine paneled living room with a wood fireplace, a dining room with sliders to a spacious wrap around deck and a kitchen that is open to the dining area, all with pretty lake views. A full walk-up attic and partially finished basement add to the possibilities. The lot has attractive stonewalls and is level at the lake with a sandy beach area and seasonal dock. A 0.46 acre back lot with 20 feet of lake frontage is included, but Buyer has the option to purchase just the 0.28 acre house lot with 100 ft. of lake frontage.  Come and enjoy boating, swimming, fishing and winter sports on this wonderful 1,200 acre spring fed lake.  New Durham is centrally located to Wolfeboro and Gunstock Ski Area.  You will find plenty of locations to hike or play golf on days you are not enjoying the lake.  Listed by Maxfield Real Estate. Carol Bush.  #nhlakesrealty

Merrymeeting Lake Real Estate

$469,000 with back loc or $399,000 without

For additional information on this property call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view similar lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.  

New Hampshire Lakefront Inventory Report, End of Summer Update

2014 End of the Summer New Hampshire Lakefront Inventory Report.

What a great summer with very comfortable temperatures. We turned on our A/C only 4 nights the entire summer. The end of the summer also marks the end of NH Fair Season. Only 2 State Fairs left,  Deerfield the weekend of the 27th and the Sandwich Fair Columbus Day weekend.

Buying!

If you have been waiting on the sidelines to make your move to purchase a lake home, this fall maybe your best opportunity. The Boston and NH Seacoast markets are booming and prices are on the up swing in those markets.  The Lakes Region from Ossipee to Winnipesaukee in my opinion has been flat. It is only a matter of time before the real estate boom just to the south reaches the Lakes Region. One exception is the Sunapee area, that market has been selling at top dollar all year long. This maybe the best time to add a vacation home to your investment portfolio. Why not enjoy the fruits of your labor at the lake every weekend. Diversify with an investment you can enjoy with the family and now is the perfect time in the NH Lakes Region. Interest rates are still low and pricing is still reasonable.

There is plenty of lakefront inventory with a total of 562 homes.

179 homes – $250 to $500,000, 96 homes  – $500 to $750,000, 71 homes – $750 to $1 million,  46 homes – $1 to $1.5 million, 31 homes  -$1.5 to $2 million and 82 homes priced over $2 million.

Popular Lakes by size  Ossipee 3000- Winnipesaukee 42,000- Squam 6700 – Newfound 4100– Sunapee 4000 – Winnisquam 4000 – Wentworth 3000 – Merrymeeting – Bow – Silver – Waukewan all 1000 acres – Great East Lake 1700 acres

Selling!

If you have been thinking about selling your lake home the end of the year is a good time to test the market. The showings you get will give you the feedback needed on what improvements need to be made if your home does not sell quickly. You don’t want your home to be one of the 100’s that lingers on the market for over 180 days.  Get your home ready for the market and list it for the months of October to December 20th and then take it off the market until March of 2015 if it does not sell.DSC_1172

My lake pick this month is Lake Wentworth located in Wolfeboro. This uncrowded 3000 acre lake is perfect for the family looking for privacy and a shoreline that is not dotted with McMansions and it has islands you can actually dock on to explore. The lake is minutes to downtown Wolfeboro the “Oldest Resort Community in the United States”.

For additional information on lake homes call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.comor visit our website to view lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Carl Sack or Paula Hinckley   #nhlakesrealty

                                    Remember those famous Words “I Should Have”

Winnipesaukee Waterfront Luxury Home, Gilford NH

Lake Winnipesaukee, Gilford NH   To live on the shores of Lake Winnipesaukee is to know pure relaxation and enjoyment with friends and family. Exceptionally crafted in 1999, this home has been impeccably maintained and cared for. Sited on a private and perfectly landscaped lot with wonderful outdoor entertaining spaces overlooking the large lawn leading down to 100′ of pristine waterfront, sandy beach and deep water docking.

lake winnipesaukee real estate

Perfect Home for Entertaining, 5 bedrooms, 4 baths over 4000 square feet.

Energy efficient, thoughtfully decorated and tastefully laid out – this home truly shines against the competition. Five bedrooms provide plenty of sleeping space. Walls of windows in the main living and kitchen area give the perfect vantage point of the fun taking place on the water. Conveniently located close to all the area attractions in a desirable neighborhood setting. Furnishing package available for separate sale.  Listed by Ashley Davis of  Four Seasons Sotheby`s International  Realty/Meredith #nhlakesrealty

Wonderful View

Wonderful View

For additional information on this home call Four Seasons | Sotheby’s International Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view similar lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

Contact Paula Hinckley or Carl Sack today for NH Lakes Region Real Estate