Kim Daneault
KELLER WILLIAMS REALTY / Metropolitan | 603-345-7783 | [email protected]


Posted by Kim Daneault on 10/13/2019

You might have heard one or two things about a short sale in real estate. It may look like a hard concept, but it is just another term for a conditioned sale. 

What is a short sale?

A short sale in real estate happens when a property owner needs to sell the property for less than the amount owed on the mortgages or liens. It occurs when the current fair market selling price is lower than the sum of the mortgages owed, but the seller must sell anyway.

It is a term coined to mean that the current seller is short of cash to repay the original mortgage that is currently outstanding and cannot receive an offer of a high enough price to cover it. Since the seller is short of money, he has to ask for help from the bank to recoup a portion of the loan. 

Today, short sales rarely happen. They were prevalent during the Great Recession but not anymore. In the rare cases where one is necessary, the bank may take into account mitigating circumstances such as a death of the primary income-earner, or a homeowner subject to a health challenge.

Advantages of making a short sale in real estate 

As gloomy as it sounds, short selling is not at all that bad. The following are some of the advantages that come with short selling: A short sale protects your credit score. Instead of the alternatives, foreclosure, and default, a short sale protects your credit score as it shows that you make financially sound decisions. Credit bureaus often frown upon a foreclosure, so it is better to make a short sale.

A short sale helps you avoid foreclosure. One of the worst things that one can do to a credit score is to add a foreclosure record on it. Hence, it is better to make a short sale as it deflects the adverse effects of having a mortgage foreclosed.

A short sale saves the seller from paying the fees that usually get paid by the seller. The charges get covered by the bank.

Disadvantages of making a short sale in real estate 

There is one disadvantage to making a short sale in real estate, and that is the lack of cash received on the part of the seller. This one is a given since the quick sale is a Hail-Mary pass in an otherwise potential foreclosure on the property.

Final Tip

Sometimes you need to short sell your property because you need to move to another state or country and keeping another property is not practical. Hire a real estate agent, one specializing in short sales, today to help you with the transaction.




Categories: Uncategorized  


Posted by Kim Daneault on 10/7/2019

This Single-Family in Allenstown, NH recently sold for $260,000. This Colonial style home was sold by Kim Daneault - KELLER WILLIAMS REALTY / Metropolitan.


70 Riverside Drive, Allenstown, NH 03275

Single-Family

$259,900
Price
$260,000
Sale Price

3
Bedrooms
7
Rooms
2/1
Full/Half Baths
Lovely Large colonial home SET PRIVATELY on a quiet road and in a location close to shopping and main roads in Allenstown, New Hampshire. Sits privately and has RIVER FRONTAGE. Home boasts an OVERSIZED TWO CAR garage or BARN as well as a THIRD BAY carport perfect for those larger vehicles and outdoor toys. Fenced back yard complete with at large deck. The home abutts a river for your enjoyment or Head out canoeing and/or fishing at SUNCOOK RIVER less than half a mile away. Or hike, cross country ski, etc. at BEAR BROOK STATE PARK. Walk into a TWO STORY FOYER and a front to back living with BUILT-INS AND FIREPLACE. OVERSIZED KITCHEN complete with large ISLAND, SS appliances, and eat-in area that looks over the deck. Dining room with chair rails. And small MUDROOM area off the side entrance. Second floor has two bedrooms sharing a full bath. A LARGE MASTER complete with a WALK-IN CLOSET, and on suite bathroom with 2 sinks, walk-in shower and and washer and dryer. Great home with a nice floor plan and entertaining.






Categories: Sold Homes  


Posted by Kim Daneault on 10/1/2019


32 Sterling Place, Bow, NH 03304

Single-Family

$1,195,000
Price

5
Bedrooms
20
Rooms
5/2
Full/Half Baths
Masterful Home with STUNNING 180 DEGREE VIEWS with an ELEVATOR providing access to all 4 floors! Conveniently located Cul-de-sac neighborhood. REBUILT/EFFECTIVE DATE 2016-2018!! 3.5+ acres provides privacy, light and expansive White and Presidential Mountains views. Over 7000sf above ground, 10 ceilings and stunning 14 crown molding, 7 doorways, bedroom suite with entrance to glorious ROOF TOP 360 degree VIEWS. 5 ENSUITE BEDROOMS. 5 Fireplaces. Master Suite redesigned to maximize views. SPA STYLE Vaulted Master Bath featuring-heated flrs, island with wine refrigerator, coffee maker, and more. Built-in closets, 2nd set washer/dryer hook-up; soaking tub. NEWLY ADDED OVERSIZED DECKING. Also decking from Master Suite to an Office/Bedroom with walk-in closet, Full bath and a newly designed full dormer with over sized windows allowing for BREATHTAKING VIEWS. Large 1st flr Family Great Room-stone fireplace and details of warmth and views. Many details entering Eat-in kitchen, 3-season porch; meander through game room, sitting room and finally GRAND LIBRARY made with rich details of coffered ceilings, built-ins inlays that steps out to Trex decking with attractive Westbury wire railing connecting 5 sets of French doors to Western view lending an inviting transition between indoor and outdoor space. New furnaces, partial roof, flooring, windows, siding, insulation, re-designed kitchen, septic pump, and more. Entertain and enjoy all New Hampshire has to offer!
Open House
Sunday
October 06 at 2:00 PM to 4:00 PM
Cannot make the Open Houses?
Location: 32 Sterling Place, Bow, NH 03304    Get Directions






Categories: Open House  


Posted by Kim Daneault on 9/30/2019

This Single-Family in Bedford, NH recently sold for $1,075,000. This style home was sold by Kim Daneault - KELLER WILLIAMS REALTY / Metropolitan.


1 Burgundy Terrace, Bedford, NH 03110

Single-Family

$1,075,000
Price
$1,075,000
Sale Price

5
Bedrooms
19
Rooms
4/1
Full/Half Baths
Desirable Contemporary Colonial home in Cote D'Or. Private yet close for commuting and shopping.5 Bedroom 5 Bath Large family home of 5,940SF and separate Carriage house finished 1,728SF includes 1st floor high end workshop and garage/s. 2nd level of carriage recently finished studio/office with own propane heat and entrances. Carriage house has 2 more garages. Huge, flat back yard surrounded by woods and a bordering stream. Main house-wrap around mahogany porch, beautiful rock walls and gardens, irrigation, town water, and walking paver path around entire home. Open concept floor to ceiling cherry Chef's kitchen with substantial island, newer appliances opens to granite faced fire-placed living with built-ins. Separate 4 season sunroom (a favorite especially in winter), large office with built-ins, walk-in pantry with freezer AND Butler's room with cabinets, large mudroom. Separate Private entrance to guest with 3/4 bath, living room, sitting, LOTS of storage, walk-in closet and adorable balcony off large bedroom with built-ins as well. 2nd floor Main living quarters front to back master suite and separate sitting room, large walk-in California closet, master bath with large tiled shower and jetted tub. 3 more good sized bedrooms, Laundry room with built-ins and sink and vanity, and a full bath. Large lower level media, exercise, pellet or central, full bath walkout to very private patio pad ready for hot tub. Wet bar with bamboo floor. Seller is licensed Realtor.






Categories: Sold Homes  


Posted by Kim Daneault on 9/27/2019


32 Sterling Place, Bow, NH 03304

Single-Family

$1,195,000
Price

5
Bedrooms
20
Rooms
5/2
Full/Half Baths
Masterful Home with STUNNING 180 DEGREE VIEWS with an ELEVATOR providing access to all 4 floors! Conveniently located Cul-de-sac neighborhood. REBUILT/EFFECTIVE DATE 2016-2018!! 3.5+ acres provides privacy, light and expansive White and Presidential Mountains views. Over 7000sf above ground, 10 ceilings and stunning 14 crown molding, 7 doorways, bedroom suite with entrance to glorious ROOF TOP 360 degree VIEWS. 5 ENSUITE BEDROOMS. 5 Fireplaces. Master Suite redesigned to maximize views. SPA STYLE Vaulted Master Bath featuring-heated flrs, island with wine refrigerator, coffee maker, and more. Built-in closets, 2nd set washer/dryer hook-up; soaking tub. NEWLY ADDED OVERSIZED DECKING. Also decking from Master Suite to an Office/Bedroom with walk-in closet, Full bath and a newly designed full dormer with over sized windows allowing for BREATHTAKING VIEWS. Large 1st flr Family Great Room-stone fireplace and details of warmth and views. Many details entering Eat-in kitchen, 3-season porch; meander through game room, sitting room and finally GRAND LIBRARY made with rich details of coffered ceilings, built-ins inlays that steps out to Trex decking with attractive Westbury wire railing connecting 5 sets of French doors to Western view lending an inviting transition between indoor and outdoor space. New furnaces, partial roof, flooring, windows, siding, insulation, re-designed kitchen, septic pump, and more. Entertain and enjoy all New Hampshire has to offer!
Open House
Sunday
October 06 at 2:00 PM to 4:00 PM
Cannot make the Open Houses?
Location: 32 Sterling Place, Bow, NH 03304    Get Directions






Tags: Real-Estate   Single-Family   Bow   03304  
Categories: Price Change  




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