Stephanie's Blog

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The First Time Buyer Hiccup

So often I work with First Time Buyers. I love these people. They are so interested in the process, they ask the right questions, and they are fun to work with. After years of working with First Time Buyers I've come to the conclusion that it's better to prepare them to be prepared to be prepared to be prepared...

Huh? What do I mean by this? Most specifically, I run into these scenarios so frequently that it should go down in the books. The buyers see a wonderful property and they haven't looked at enough to determine that this really is the best one for thtem. OR The buyers are uncomfortable with taking the next step (making an offer) because they have never done this before, and another offer comes along too quickly before they decide to make an offer. This is painful.

While balancing between not wanting to push a new buyer and being honest about these possibilities, I find myself needing to be quite blunt about it. I can't hold back, these buyers need to know the reality that, even in this market, properties are selling in under 30 days still, especially if it is a home as desirable as the one they've just fallen in love with.

So my approach to this has changed over the years to: the more the buyers know about the possibilities, their options, the various scenarios that can play out, the better informed they can be and the better the chance it is that they will not lose out when they come upon THAT home.

As their agent, it is my job to take them through this process in a way that is transparent, without hiding anything. The experiences I've had add value to what I offer as a Buyer's Agent to the First Time Buyer. It's something we all need to be assertive about because this is what we're hired for.

3 commentsStephanie Jacques • September 29 2008 11:19AM

Photos of Cheshire County, NH Needed

Do you have any photos of your town? I will be developing this local site for our area and am looking for photos from you of your favorite places.

Please send photos to stephaniejacques@masiello.com with your name and contact information (so that I can reach you with any questions about the photo.) Include a description of the photo/town, and anything you might like to share.

Please be sensitive to people. I prefer not to receive photos of children and people who might not permit their pictures be used online.

Events are great, your business can be included, and anything else you'd like to share about this beautiful Monadnock Region.

 

Thank you!

Stephanie Jacques

Associate Broker

The Masiello Group

(Cell) 603-209-4151 (Office) 603-283-1948

(Email) stephaniejacques@masiello.com

(Blog) http://stephaniejacques.activerain.com

0 commentsStephanie Jacques • September 26 2008 09:19AM

Positivism in the air? Will 2009 be a turnaround market!

I'm optimistic. How can't I be, home values will eventually be on the increase again and I really do think we're close to that time. I can remember almost 2 years ago hearing that we were in it until at least 2009. After watching this video, I can see how this whole process really did need to take the 3-4 years it took to readjust.

 

WATCH THIS

 

I was one of the ones who took out a 7/1 ARM mortgage the summer of 2005, knowing it was the riskiest I wanted to get, but well worth the 5% I did get. Now I'm on the look out for the best time to refinance. It's like the stock market...how low will it go before we hit the bottom in this period of low rates, and isn't it just good enough if we refi and get lucky enough to get a low rate still? Sure, it will be hard to beat our 5% rate, but I think I'd be dumb to wait around for it as rates go back up.

As for the first time homebuyer's tax credit, this is great! I don't know if these buyers are aware of the actual benefits to them as a result of this. Now would be a good time to speak to an accountant to help with better understanding this.

I'm really excited to see what will come ahead in 2009.  I know a lot of people are having trouble right now, but everything had to adjust.  Prices had soared too high in the housing market to be sustainable, and still are in other sectors today.

 

3 commentsStephanie Jacques • September 24 2008 09:05AM

The Value of Realtors

It's different for everybody, I'll admit it. Each and every one of the consumers have a different need to be filled when hiring an agent to manage their buying and selling process.  But please don't attack our industry. Maybe your needs are different, or maybe you aren't aware of everything we need to do in our industry.

Watch this video...  Yes, putting a listing on the MLS is just few click's work, but that's not all we do. Oftentimes, by the time I've gotten to the point of entering a listing into the MLS, I've visited the property twice, spent 3-4+ hours on research and data collection both from the seller, online (for pricing analysis), and the city. Our office administrator has several entries to do with a new listing, not just the MLS, as we advertise on multiple websites and the management of this process involves a lot of time and meticulous detail. Photos must be taken, editted and entered. A file must be prepared to include all the required (by law) documents to provide to consumers who will be looking at a listing. Sometime during this beginning process the listing gets entered into the MLS. 

Afterwhich, there is constant monitoring of the market, something a Realtor has access to on a daily basis, making it a valuable source for market information to their client, who so desperately wants the best price, at the right time.

In order to use the MLS, we must pay a fee, we pay for the education to be a licensed Realtor, we owe membership dues and must keep up with our education on an annual basis. We have the responsibility to keep up with changes in the real estate industry. We must be responsible for knowing about changes in the market, local and national. We have a valuable network and close rapport with service people locally who have a reputation based on providing their consumers positive, honest, quality services at a reasonable price. We network continuously with agents and consumers in the region about our listings. This is a full time job that we do.

We conduct ministerial duties, save consumers time so they don't have to take away from their work and family. We qualify buyers to save our clients time they could waste showing their properties over and over again to unqualified buyers. We educate buyers and sellers throughout the transaction. We are mediators, negotiators, and friends. We are the third party who acts as a buffer in so many instances. We might even be thought of as a "life therapist" by some, and work like duct tape to keep relationships in tact- yes, I've been in this situation several times!

We spend a lot of time preparing days' worth of showings for out of state clients, driving in our vehicles to see property with a buyer who may or may not end up purchasing in the end.

We are a knowlege based industry, and yes, the consumers can read all they want, there are times when they have had great success with selling a home on their own, but not everyone is prepared to do so, and not everyone has the time to do so. There is so much changing in the real estate world around us. So many things offered to consumers online that it's almost confusing to those who are not tech savy. Our industry has at times been slammed for the fee structurs for services, but the whole picture was misrepresented and there went another media-driven opinion creating a stir about something that is not based on good, solid ground.

As I am writing this, two women from out of state have arrived at our office. They are looking for some personal insight on the area, they are reading a paper map, and are speaking with a Realtor. There is some value to meeting with a person face to face. Someone who, unlike online communication, acknowleges your feelings and thoughts and utilizes those to help guide you through a difficult decision.

I could really add much more to this, but I'll leave it to you to complete. Thanks for your support, and I look forward to working with you in anyway necessary to reach your real estate goals.

Thank you.

9 commentsStephanie Jacques • September 21 2008 11:53AM

Real Time, Real-time, Realtime..

We are moving into the real-time world and, as Realtors, our job is to figure out how to provide the services we do on "real-time" terms.

I purchased the Motorola Q from US Cellular last year. Though I live in the Monadnock Region of southwestern, NH and reception is not always great, I can now function on a full time basis while spending some quality time with my family and children.

How else can we operate in real time? Do I dare say that some agents still don't use the internet on a daily basis? I've run into this around my region. With that new generation of tech-savy homebuyers growing up, it's imperative we communicate in ways expected by our consumers.

I recently attended a workshop by Acorn Creative which opened my eyes to what changes are upon us in the real estate industry. What little did I know when I came upon some new terms I'd only heard of, never mind knowing how to use them to our benefit.. wikis, RSS, Twitter, widgets, Linkedin, social bookmarks, Facebook, MySpace, the wonderful Activerain...all supporting the realtime services we should be utilizing.

We should be using all of these to leverage the power of what they offer. Just think, we could all be less than 6 degrees apart! The new movement of social media is sweeping across the world so quickly, I was blown away at the workshop by all of the creative things we could do with it. Forget newspaper ads!!

My goal this year is to develop a working knowlege of how to incorporate these free (FREE!) web based tools so that I don't go the age of the dinosaurs.  If the world is changing around us, I want to be spinning with it!

Who are the bloggers you follow in Activerain that are incorporationg all of these social media tools? I would like to learn from them!

1 commentStephanie Jacques • September 19 2008 11:26AM

Building Local Community

I recently went furniture shopping with my husband. We looked everywhere (EVERYWHERE) between Keene, NH and Concord, NH. Bottom line was, we needed something pet/child friendly, that looked good in our living room, and was reasonably priced. After weeks of looking, (did I mention we went EVERYWHERE?) we found just that at Furniture Factory Outlets located in Walpole, NH. But there is more to it, Peter and Maya went WAY above and beyond to provide follow up for us, long after the furniture had been delivered.  They answered questions about maintenance, they ordered a part for us to address a concern, they back up their products and I would highly recommend them.

Don't we want our consumers to think the same of us?

IT'S NOT ABOUT US!

IT'S ABOUT THE CONSUMER...

Building a local community, or building a team, is a great way to expand your sphere, build relations and grow your business. One easy way to approach this is to call up the guy who did your oil change, speak with your hairdresser, most likely these people come in contact with dozens of potential home buyers and sellers over the course of a year.  If you offer to promote the (through blogging, linking to them on your website, or through referrals) then you can ask them to do the same.

CLICK HERE for an article on building your local community!

 

3 commentsStephanie Jacques • September 17 2008 09:06AM

Local, Local, Local...Why Not Go Local?

I live in a region that supports using local resources (i.e., "Localvore" = one who supports/eats locally grown foods).

I live in a region that has a strong social conscious ...

(From Wikipedia, the free encyclopedia = Social consciousness is consciousness shared within a society. It can also be defined as social awareness; to be aware of the problems that different societies and communities face on a day-to-day basis; to be conscious of the difficulties and hardships of society.)

 

Creating change in the way we do business will help all of us remain sustainable as an industry, while supporting the things that we, as good humans, believe and value.

I recently had a closing in which an appraiser was called in from Concord.  The closing agent was called in from Manchester. Both are over one hour away. Here in Keene we have wonderful appraisers (local) and excellent title companies and attorney's who can close a transaction. The appraisal turned up late, held up the HUD until the very hour prior closing.  The closing agent arrived late, held up the closing another 1+ hour. The closing was held in the late afternoon and deed needed to be recorded the next day. The commission check was incorrect and the closing agent did not have the ability to go back to her office locally to rewrite it (I will likely receive it in the mail next week- Seller's this could have been your check you're waiting for...)

Both were very nice people, but both took hours of their time to work on a transaction in Keene, NH. Both spent a lot of gas, and both could have been more productive locally, in their region.

In support of localism, I wanted to share with consumers that they do have an option. When choosing a lender, your agents have wonderful knowlege about the various lenders in your area. Real estate transactions are so much more convenient when everyone used is local (appraiser, lender, agent(s), closer). If there are problems, everyone is easily reached-locally. Everyone has developed a working relationship already, together, and when you've worked together before, it's that much easier to communicate together, as rapport has already been built.  Each region of your state has a different business culture. 

The buyer in the above example was a wonderful person. They had a great reason for choosing the lender they chose. Neither agent had a working relation with that lender, and several complications arose that could have been better addressed if we had better communication all around. I would urge any buyer to strongly consider asking agents in your town who they have worked well with in the past (lender) and ask them why. You ultimately make the final decision, but sometimes it becomes too late when you're in knee deep.  Educated consumers are the key to success!

 

0 commentsStephanie Jacques • September 12 2008 08:38AM

Keene, NH Rental Property Now Has a New Price! Now $204,900

My listing in Keene has been easy to fill with tenants year after year. Holding one year leases, the college tenants maintain good payment history and enhance the profitability of this property! If you know of anybody looking for income property, I can assist them with finding a good property manager (for out of state buyers).

 

Visit www.nneren.com for more listings like this.

 

 

  change state

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Multi-Family Find Keene NH on a map
158 Church Street, Keene NH      MLS#: 2733447

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Listing Agent
Stephanie Jacques
The Masiello Group/Keene
69 A Island Street
Keene, NH 03431
603-352-5433
www.masiello.com
stephaniejacques@masiello.com
Price: $214,900.00
REMARKS:
Motivated Sellers. Currently leased to students, one year leases with temporary vacancy in top aptmt. New furnaces and windows. 4 bdrms up, 2 bdrms down and lots of extra space in these lg aptmts. Hrdwd flrs, new bathrm fixtures, loft barn and 2 car garage for storage. Potential to make 3rd unit out of attached barn. A money maker!
Home Features
Amenities: Attic
  Out Building
Basement: Full
  Sump Pump
  Unfinished
  Walk Out
Construction: Wood Frame
Driveway: Paved
Electric: 100 Amp
  Circuit Breaker
Exterior: Aluminum
  Clapboard
  Vinyl
Foundation: Block
  Stone
Heating/cooling: Hot Water
Heat fuel: Oil
Lot description: Level
Neighborhood: Intown
  Near Public Trans
  Near Shopping
Occupancy restrictions: Pets-Cats Allowed
Parking: 1-10 Spaces
  Garage
  On Site
Roads: Public
Roof: Shingle-Asphalt
Sewer: Public
Style: 2 Story
  3 Story
Trash: Private
Unit info: Ceiling Fan
  Cook Top-Electric
  Laundry Hook Up
  Loft
  Mudroom
  Multi Phone Line
  Oil Heat
  Porch
  Refrigerator
  Smoke Detector
  Storage
  Sunroom
  Water Heater
Water: Public
Water heater: Off Boiler
Rent includes: Plowing
  Sewer
  Trash
  Water
School District
Elem.: Franklin Elementary
JHS: Keene Middle School
HS: Keene High School
Property Information Expenses
Address: 158 Church Street 
Acres: 0.17  
Square Feet: 2920
Sq Ft Above GND: 2920  
Sq Ft Below GND: 0  
Yr. Built: 1840 +/-
Color: Tan  
Foot Print:  
Surveyed: U  
Zoning: High Density  
Flood Zone: Y  
2007 Taxes: $6,873.04
Insurance: $2,400.00  
Heat: $0.00  
Maintenance:  
Management: $0.00  
Trash: $480.00  
Utilities: $0.00  
Water/Sewer: $1,200.00  
Snow/Lawn: $300.00  
Misc: $0.00  

Unit Information
1-Bedrooms: 0   2-Bedrooms: 1   3-Bedrooms: 1 Total Units: 2  
Room/unit:6   Baths/unit: 1 Bedrooms/unit: 2   Electrical/unit: Range/Unit:   Refrig/Unit: Heat/Unit:  
Lease Agreement/Unit:   HotWater/Unit: Floor Location: Bottom   Water/Unit: Sewer/Unit:   Laundry Hookup/unit:  
  Unit 1 Unit 2 Unit 3 Unit 4
Rent $1,275.00 $1,700.00 n/a n/a
Style        
Deposit Not Available Not Available $0.00 $0.00
Rent Due        
Showing Instructions        


Printable Version

1 commentStephanie Jacques • September 11 2008 08:20AM

New Hampshire needs more affordable housing.

There is a potential for growth in employment rate forcasted for NH in the near future, though the opportunity for this working population to find housing (affordable housing) does not meet the demand expected as a result of this.

When I look back to the demographics of my real estate sales for the past few years, the majority of my buyers were first time buyers under the age of 40-the working population. This is my nitch market, though looking at sales from other agents in my office, there appears to be a large market in NH for retired or near retiring folks moving from out of state. Lebanon, NH is one of the Top 10 Dream Towns for retirees, according to www.Bizjournals.com

So often we hear of people retiring to Florida, but come to find out, I live in one of the most popular, beautiful places to retire, which somewhat poses a problem for keeping the working age population in our state. While New Hampshire seems to be slowing losing it's attraction to people under the age of 44, Arizona, Nevada, Utah and other western states are becoming more and more of an attraction.

Our state should wonder what the attraction is, why is this trend reoccuring? One finding states that the larger percentage of these moves occur due to work related moves... . This clearly shows that if NH can offer the work, but not the affordable housing, we are setting ourselves up for a continued decline, creating economic problems for our state in all areas...schools, for one.

My children are young. My daughter will enter the public school system next year. Who is supporting the schools? The majority of the voters are against teacher raises, against improvements in the school system which might cost them tax dollars. I could go on. Affordable housing is essential to keeping our healthy economy healthy.

2 commentsStephanie Jacques • September 05 2008 01:39PM

Are FHA Loans Like Hanging Wallpaper?

                                                    

                                        FHA simpler than hanging wallpaper! check is out!

I actually tried this. I was redoing our bathroom and installing a simple border. The roll was rather long, and so I cut it down to sections and hoped I might be able to blend in the edges. Never having wallpapered before, I figured a simple border in a small bathroom might be a good start, great practice. Little did I know it might turn out! My border dried 1/16th inch too high, showing a stripe of white beneath it, between the border and the trim. Not only that, it has started peeling under the window, one year later!

I have to say, closing a loan with FHA is much more fun, simpler, and I would prefer to do these over hanging wallpaper, anyday!

But for those living in Cheshire County, NH looking for a great place to buy borders and wallpaper, go to FIND GREAT WALLPAPER AND BORDERS FOR YOUR HOME, where you can also find a store nearest you! (I'd personally recommend the FHA loans if you're as gifted as me.)

 

2 commentsStephanie Jacques • September 05 2008 10:29AM