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Navigating a NH Lakefront Home Purchase - April 2021 Covid 19

Navigating a NH Lakefront Home Purchase - April 2021 Covid 19

Lakefront home inventory is at an all-time low in the NH lakes region. We have 32 active lake listings on March 29, 2021, only 8 are priced below $600,000. When a quality lake home is listed it typically lasts less than 2 days on the market and with delayed showings, some buyers are actually purchasing sight unseen, a risky move in my book.NH lake home interior picture

If you see a waterfront home of interest I urge you to make an appointment immediately.

Typically new lakefront listings start coming on the market in March with an increasing inventory into April. We did see a small surge in inventory mid March. Lets hope we an inventory increase in the coming months.

Sign up at our website for new listing alerts or visit our website at this link and you will find newly listed lakefront homes - one click -  New Lakefront listings 

Feel free to contact us and we will send you homes that meet your criteria!

Call Lady of the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com #nhlakesrealty

Scroll to the bottom for all waterfront listings on quality lakes 

Flood Insurance Changes are on the horizon! 

Flood Insurance Changes are on the horizon!    March 2021 update 


The flood insurance market is undergoing a variety of changes.  We are watching this closely and will continue to keep you updated as we know more.  Below is a quick summary of current changes and trends. Ossipee Home, many homes lie in the flood zone

- Flood Insurance was historically only available through FEMA.  Private Flood Insurance Carriers have now emerged and can offer competitive quotes and options.  Mortgage companies are now required to accept Private Flood Insurance.  In the past they could require coverage be placed through FEMA which was often more expensive.

- FEMA is planning to review zoning, flood maps, and premiums.  FEMA feels that flood insurance is underpriced and this review could result in changes that require flood insurance in areas not previously required and overall increased flood premiums. They are targeting October 2021 for this change.

- NH has accepted the most recent update to the FEMA flood maps on January 29, 2021.  This is resulting in immediate changes to NH real estate and many properties are either being required to carrier flood insurance for the first time or being moved into a higher rated zone.

Below are a few articles that go into these topics in more detail. 

Let me know if you have questions or want to discuss any of this in more detail.
Flood Insurance Myths    

Fema Flood Map Portal 

Nick Aube, CIC | Director of Risk Management
Avery Insurance
Office: 603-766-3733

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Lake Home Purchase Considerations in NH l Waterfront homes for Sale

Lake Home Purchase Considerations in New Hampshire

Lakes can vary in size and water quality. One lake might work for one family and not for your lifestyle. Research all aspects of the property you are interested in prior to investing.

Some research/homework needed when considering buying a waterfront property. 

  1. Water Quality - Oligotrophic is the best!  Lake Winnisquam Real Estate - Waterfront homes for sale
  2. Is the swim area bottom sandy? You might have to step into the water to find out. 
  3. Boating opportunities? Motorboating or kayaks only? Jet Skis? 
  4. How busy is the boat traffic at the home's location? 
  5. Fishing? Trout, Small or Largemouth Bass, Salmon
  6. Ducks and Geese are nice to look at but they can become a nuisance.
  7. Is there milfoil? If yes do they have an active mitigation program?
  8. Flood Zone? Ask about an elevation certificate.
  9. What is the water depth? 
  10. The ideal lot is level with sunsets and mountain views.
  11. Winter usage? Skiing, Skating, Snowmobiling? 
  12. Prior to buying talk to the neighbors! 

Hire a lakefront specialist! 

Buy the lake and location! The home can be changed!

Lady of the Lake Realty 1-888-737-5550, e-mail info@nhlakesrealty.com or visit www.nhlakesrealty.com to view lake homes. 

Popular Lakes - Squam - Winnisquam - Winnipesaukee - Wentworth - Sunapee - Merrymeeting - Ossipee - Great East - Newfound - Waukewan - Pleasant - Silver  - Lovell  - Pine River - Dan Hole - Webster #nhlakesrealty

 

 

NH Lakefront Real Estate Covid Market is Painfully Hot!

NH Lakefront Real Estate Covid Market is Painfully Hot!

Simply put there are more buyers than lake homes on the market. When lake properties hit the market buyers are lined up at the door making offers. It is a vicious seller's market and a time you need a buyer's agent on your side. 

Just because the home is on the water will it meet the lifestyle you are looking for? You can change the home but what about the water quality? Is the lake bottom deep enough to swim, sandy or muddy?

Here are some basics, have a bank letter in hand or proof of funds to purchase. Talk to your lake specialist on how to construct an offer that has a chance of winning the bidding process. Lakefront homes for sale in NH - waterfront luxury homes NH

Lady of the Lake Realty knows the lakes!

You can view available lake listings on our website. www.nhlakesrealty.com 

Call Lady of the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or text 603-566-6608  #nhlakesrealty   2/20/2021

Popular Lakes - Squam - Winnisquam - Winnipesaukee - Wentworth - Sunapee - Merrymeeting - Ossipee - Great East - Newfound - Waukewan - Pleasant - Silver  - Lovell  - Pine River - Dan Hole - Webster 

Scroll to the bottom of the page for all lakes! 

Why New Hampshire? Lifestyle of Course!

Why New Hampshire? Lifestyle of Course!

The New Hampshire advantage makes New Hampshire not only one of the finest vacation destination in the country but a great place to work and retire. Some obvious reasons are no sales, income tax, inheritance tax plus a low crime rate. 

When I was young NH was commonly referred to as Cow Hampshire. Yes we still have Dairy Farms but we have 7 lakes over 3000 acres and 48 - 4000 foot mountains challenging the most aggressive hikers. In addition to over 250 quality lakes we have 19 ski resorts all within 30 minutes of the lakes region plus 15 cross country skiing destinations along with all the back woods trails available. Snowmobiling is found across the state along with more than a dozen ATV destinations. Don’t get me started on the wonderful fishing opportunities, salmon to bass. 

Discover NH with Lady of the Lake Realty. We specialize in waterfront and water access homes in the greater Lakes Region. Sunapee to the Waterfront home on Lake Winnipesaukee - Winnipesaukee home sales Mount Washington Valley. Our team can help you find a luxury lakefront property to an affordable cottages on a smaller pond or lake. 

You can view available lake listings on our website. www.nhlakesrealty.com 

Call Lady or the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or text 603-566-6608  #nhlakesrealty  

Popular Lakes - Squam - Winnisquam - Winnipesaukee - Wentworth - Sunapee - Merrymeeting - Ossipee - Great East - Newfound - Waukewan - Pleasant - Silver  - Lovell  - Pine River - Dan Hole - Webster 

Covid Real Estate Inventory update in the NH lakes region!   January 20, 2021

Covid Real Estate Inventory update in the NH lakes region!   January 20, 2021

January 1st year to date. New listings that have remained on the market in the last 20 days, totals below. This update covers the major 40 towns in the greater lakes region.

53 new residential and condo listings came on the market. With 29 homes returning to the market.Waterfront homes for sale in NH - Meredith downtown

152 homes went under contract.

120 homes closed.

Of the total current inventory, 63 are waterfront homes and only 10 water access condos available for sale.

With low-interest rates properties are flying off the shelves faster than toilet paper did last year.

Typically towards the end of March into April as the ice recedes from the lakes new waterfront homes come on the market. Be patient but move swiftly if you find a home of interest.

Call Lady or the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or text 603-566-6608

New Hampshire is a great location to retire or raise a family.

No Sales Tax - No State Income Tax - No Inheritance Tax - Scroll to the bottom of the page for lakes searches 

What you should know when buying a waterfront property!

What you should know when buying a waterfront property!

Helpful Tips to achieve your dreams - memories - investment.

  1. Buying a waterfront home, it might be your primary home purchase, second home, or future retirement home. You are buying more than a lake home it is a lifestyle. 
  2. Hire a Waterfront Expert! If you have a toothache you go to a dentist not to a chiropractor. Interview agents, why settle for an inexperienced agent. Ask your agent for past client testimonial lake sales and what lakes they have sold properties on. 
  3. Get your financing lined up. Get a bank pre-approval letter, home equity loan or cash as an option. In this competitive market the seller wants to see your proof you can pay.  Some sellers will not even show their home unless the buyer has a bank letter in hand. 
  4. What is your goal in purchasing a waterfront home? Memories! It may be a four-season home that has close proximity to ski areas and snowmobiling or a seasonal cottage for summer usage. Motorboating or a kayaking non-motoring lake. List your must-have options and start comparing homes and lakes. 
  5. Buy the lake and location! You can change the home!  You can’t change the - sunsets - sandy beach - mountain views - deep water dock - fishing - non-motoring lake - privacy - proximity to attractions - shopping - restaurants. Take a day and drive-by lakes of interest. Why spend a day looking at homes when you have ruled out the area after the first showing. 
  6. Talk to us about the lake that fits your lifestyle. Winnipesaukee and Squam are wonderful lakes but if you have young boaters they can easily get lost with all the islands and inlets. On a smaller lake, your whole family can view them enjoying all watersports from shore and not get lost. 
  7. Research the lake, ask your agent if the lake has milfoil, average depth, lake size, general water quality rating, and if the lake has occurrences of cyanobacteria blooms.  Again buy the lake! 
  8. Talk to the neighbors! 
  9. Lady of the Lake Realty is familiar with shoreline rules. The in-depth rules cover tree cutting, home expansion, dock rules, swim platform rules and boating restrictions. We have or can get the answers for you. 
  10. Look at the Fema maps to determine if you will need flood insurance. If in the flood zone an elevation certificate may help with insurance costs. 
  11. Lake experts like Lady of the Lake Realty can offer you expert opinions on lakes. Example Belleau Lake water quality was just reduced to Eutrophic ( Worst Water Quality ) Information you need to know for future resale.  

For additional information on lake homes call Lady of the Lake Realty LLC at 1-888-737-5550 or e-mail at NH waterfront homes and cottages for sale - Waukewan home info@nhlakesrealty.com  or visit our website to view lake homes in New Hampshire at www.nhlakesrealty.com

Contact Carl Sack or Paula Hinckley   #nhlakesrealty

Scroll to the bottom of the page for individual lake searches. 

 

 

 

 

 

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Zillow! Are Zestimates accurate?

Zillow! Are Zestimates accurate?

Zillow covers the entire United States so they come up with values using algorithms in geographical areas to determine value. The formula they use works great for a development of cookie-cutter homes, but what happens when you throw in a mountain view or lakefront. The digital formula has some gaps.

With all the properties listed on Zillow, they also seem to be a step behind on the accuracy of listings. We get a ton of calls to view homes that are either already under contract, sold or not even on the market.

Lady of the Lake Realty is here to help you find new and active waterfront New Hampshire listings. We can take the frustration out of searching. We service the Sunapee market over to Ossipee including Squam, Winnipesaukee, Newfound, Wentworth, Winnisquam, and the smaller quality lakes in that area. Give us a call and we can help you find that dream home and also wade thru this covid maze.

Lady of the Lake Realty 

For additional information on lake homes NH 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website Zillow waterfront homes for sale www.nhlakesrealty.com or 

Contact Carl Sack or  Paula Hinckley #nhlakesrealty 

Scroll to the bottom of the page for individual lake searches. 

 

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Navigating a NH Lakefront Home Purchase - COVID 19

Navigating a NH Lakefront Home Purchase - COVID 19

Lakefront home inventory is at an all-time low. In the lakes region we have 77 active lake listings on September 14, 2020, only 18 are priced below $600,000. When a quality lake home is listed it typically lasts less than 2 days on the market.  

Our office covers the 42 prime towns with lakefront properties.  In a typical week we see 75 + - new listings - 134 go under contract - 86 + -  close.  Inventory is headed towards a negative figure.  

If you see a waterfront home of interest I urge you to make an appointment immediately. Plan on getting in your car within 36 hours the home is listed to have a chance of purchasing the home. 

Overall August was another record month in terms dollars spent on residential housing in New Hampshire. While the unit sales were down slightly compared with August 2019, both the $349,450 median price of those sales and the $800 million total dollar volume were the highest of any single month in the state's history. ( e-news from NH Realtors Association ) Lake Waukewan Home for Sale - During Covid 19

Call Lady of the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or text 603-566-6608  #nhlakesrealty for more information. 

Visit our website to view homes on quality lakes in NH  www.nhlakesrealty.com  

Scroll to the bottom of the page for individual lake searches. 

Winter activities close to Lake Winnipesaukee and Squam - 2020

Winter in the NH Lakes Region. Activities! 

* Planned events you do not want to miss. 

* New England Pond Hockey Classic - Jan 31st to February 2, 2020 ( Lake Winnipesaukee )

* Meredith Fishing Derby -  February 8-9, 2020 ( Lake Winnipesaukee ) 

* Laconia Sled Dog Races - February 14-15, 2020 

You look across this broad expanse that was once a lake and all you see is ice and snow for miles. Time to get out the skis, skates, snowshoes, sleds and snowmobiles. 

You will find major ski resorts off routes 16, 89, and 93. These resorts offer skiing, cross country skiing and tubing opportunities. Even if you don’t ski you can ride to the top of areas that have gondola’s or trams to enjoy the scenic mountain views from the top. 

If snowmobiling is of interest you can enjoy the trails from our lakes all the way to Canada. If you don’t have a sled you can rent them to give it a try. 

Snowshoeing, cross country skiing and skating are inexpensive and a fun way to get some exercise along with enjoying incredible wooded and mountain views. If you don’t have the equipment and would like to try these activities you can rent them. 

Winter Hiking: Yes you can hike in the winter, experienced well-equipped hikers only. Special equipment and clothing are required.

Ice Climbing: Special Equipment and training are required. Yes, lessons are available to learn.

Some just wanting to view the winter white gold you will find no sales tax at our outlet stores in Tilton and North Conway along with great diners and restaurants off almost every exit. Lake Winnipesaukee homes and condos for sale - Winnipesaukee home

Call Lady of the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or text 603-566-6608  #nhlakesrealty for more information. 

Visit our website to view homes on quality lakes in NH  www.nhlakesrealty.com