the full print edition
|View Property Transfers|
NH homes for sale
Towns & cities: |
♦ REAL ESTATE
♦ HOME SERVICES
Real Estate Corner: Remove risk in loan process of home buying
This happens at various stages of the loan application, and sometimes at the very end.
Can a seller or the borrower ever be assured they will get the money to purchase?
Can the risk be considerably eliminated?
Yes, it can.
First of all, the buyer should be carefully screened for eligibility to borrow at the very onset of their house hunt. The buyer agent has the responsibility to ask preliminary questions, and prepare the buyers for what to expect before they meet with a lender’s loan officer.
It is important the buyers receive a pre-approval letter from at least one lending institution. Caution is advised not to ask for multiple letters because multiple credit checks affect the loan eligibility.
By the way, you should ensure your Realtor is asking the buyer’s agent if the buyer is “preapproved.” These preapprovals are a measurement of what price range a buyer can afford.
There is not a lot of the process your Realtor can control. But by keeping track of the process, it can be seen if there is any thing holding up the loan process, and what can be done about it.
A home purchaser should ask when interviewing a potential real estate agent, “What steps do you take to ensure that you bring us a qualified buyer? and how do you follow up the loan process?”
Do not learn the hard way.
Marypat Bilodeau is a member of the Greater Manchester/ Nashua Board of Realtors. This information has been provided by the Greater Manchester/Nashua Board of Realtors in conjunction with the New Hampshire Union Leader’s Advertising Department. Readers with questions about the content, or who wish to pose a question for a column, can contact the realty board at 166 S. River Road, Bedford, N.H. 03110 or email: email@example.com.
Some residents are urging town councilors to put more teeth in a proposed property maintenance ordinance to hold out-of-town landlords more accountable for abandoned buildings in downtown.READER COMMENTS: 0
After months of review, town planners on Tuesday authorized a major development project to be built along the Daniel Webster Highway, which will include 240 apartments and a large retail area.READER COMMENTS: 0
Hearkening back to the days of “grand hotels,” InnSeason Resorts has broken ground on the RiverWalk at Loon Mountain, its third luxury resort in town, and according to its principals,...READER COMMENTS: 0
Aldermen rejected a proposal by Mayor Donnalee Lozeau to purchase a blighted property on Mulberry Street that could have been used as a new home for the city's public health department.
Called a 'casualty' of Northern Pass, Campton's Owl's Nest Resort sold for $2 million in foreclosureREADER COMMENTS: 0
On Wednesday, the Owl's Next Resort and Golf Course got a new owner through a foreclosure sale while the Northern Pass, said State Sen. Jeanie Forrester, claimed another “casualty” in the...READER COMMENTS: 0
The Owl's Nest Resort and Golf Course in Campton goes on the auction block Wednesday. Its owners say it is the victim of the proposed Northern Pass electricity transmission project, though a Grafton...READER COMMENTS: 0
Although delayed, the sale of the Howard's Restaurant property is moving forward, said the attorney who represents the estate of the late Crystal K. Ball.READER COMMENTS: 0
A community conversation on how best to encourage the re-development of the east side of Keene has been put on hold.READER COMMENTS: 0
Whether it's for the rebates, a sense of wanting to use a renewable source of energy for fuel, or the cost savings, there seems to be an increase in the number of people using wood pellets to heat...READER COMMENTS: 0
A mixed-use project was approved by the city's planning board recently that will require St. Charles Church be torn done to make way for workforce housing and retail space.READER COMMENTS: 0
Divine Mercy Parish has closed on the purchase of land on Route 101 where the parish plans to build its new home.READER COMMENTS: 0
Many communities need to reassess “fairly hostile” zoning policies and adapt to changing demographics, allowing such things as carving out a separate apartment within a single-family home...READER COMMENTS: 0
A sizable portion of Rockingham Park could be under new ownership by the beginning of next year.
Home & Garden
Overseeing Salem's community gardens at Hawkins Farm has come with its share of challenges over the past several years.
Home & Garden
Thanksgiving may be next on the calendar, but at Castle in the Clouds, mid-November heralds the arrival of Christmas.READER COMMENTS: 0
Decorations help set the tone for most people's holiday experiences, which serves as the backdrop for two very unique and different events — one brand new, the other well into its fourth decade...READER COMMENTS: 0
While driving to school with my daughter, we spotted one of those ancient television sets on the side of the road — the kind that worked not only as an entertainment center in the '60s and '70s...READER COMMENTS: 0
Overseeing Salem's community gardens at Hawkins Farm has come with its share of challenges over the past several years.READER COMMENTS: 0
There will be no second hearing on a variance that would allow a senior housing development to be built on the property of a Pond Street mausoleum.READER COMMENTS: 0
Diane Paul, 52, is a self-taught leather artist whose repertoire includes everything from sleigh bells to stick horses. She does everything by hand — everything.READER COMMENTS: 0
The Planning Board has granted conditional approval of a 16-unit senior housing project off Pleasant Street.READER COMMENTS: 0
The issue came up recently when residents of the Deerfield Street subdivision wrote to selectmen asking for help in getting their road completed.READER COMMENTS: 0
The Planning Board voted unanimously on Monday night in favor of a request for final approval of a five-unit, detached elderly housing development at 99 Pulpit Road.READER COMMENTS: 0
John Wilder can just look at a rock and know what to do with it. He knows where it goes, knows if it's any good, knows its limits. But more importantly, he knows all that humble rock could be.READER COMMENTS: 0
For years, Tafi Brown’s path led to pottery, until one day while at a random workshop, she discovered quilting. And now, for nearly 40 years she has been making cyanotype art quilts.READER COMMENTS: 1
The Woodshed Restaurant in Moultonborough, which burned to the ground in a Thanksgiving night fire, is coming back in the form of an 1810 barn that will be moved to the site.READER COMMENTS: 0
If you want to give your home an updated and timeless look, consider transitional style — an interior designing trend that blends classic traditional and contemporary looks.READER COMMENTS: 0
The Windham board of selectmen will meet again in November to finalize details on the future sale of unused town lands.