Portsmouth, NH real estate seems to be booming again.

You wouldn't think it..to read and hear the news, but real estate sales in Portsmouth, NH are happening again. The action is not just coming from first time home buyers either. It must be the charming ambience of this colonial seaport town plus the momentum of all the new commercial building in the downtown area. The most impressive project right now is called The Port Walk. People from far and wide are looking to buy property in town and the closer they can get to the downtown the better.

Foreclosures and short sales

So you think that you can get a "deal" by buying a foreclosure or short sale? You can but... The process of actually closing the sale is the hard part and requires patience, patience and more patience. Since the banks are dealing with tons of thousands of distressed property sales, they cannot possibly conduct a sale in the normal amount of time, 45 to 60 days. The bank also will not respond to your offer until it has satisfied itself that your offer is the "highest and best". This may take weeks. Meanwhile you the buyer, cannot have a home inspection until the bank has approved the sale. You cannot commit to a mortgage rate or pay for an appraisal for the same reason. The obstacles and frustrations are so many that unless you have unusual fortitude for "super" bureaucracy, I don't recommend buying a foreclosed or short sale property unless you are a highly experienced buyer of real estate.

List with a professional REALTOR

REALTOR's are not your "every day run of the mill" real estate agents. We follow a REALTOR Code of Ethics that dictates how we treat our clients, our customers and each other. If a seller or buyer ever wonders why an agent doesn't say negative things about another agent or "obeys" what his client is telling him to say or do, it has to do with following the Code of Ethics. Please contact me for a copy if you're interested.