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P.O. Box 1208 , 250 Route 49 in Campton , NH 03223

phone 603-726-8642 or 603-726-8941

Well The real estate tax credit came. And I suppose it helped in area of the country hardest hit by the economy like Florida . But just because you missed out on that tax credit does not mean you missed out on the deals. It is still a buyers market . There is still money available - dont let anyone tell you banks are not lending . That simply is not true unless your credit or job is shakey or you have no money to put down. While Rural housing has 100% financing it still has 6% closing costs that someone has to pay. Yes on occasion a seller will pick up that tab- but prices are so low that most of the time they can't as the house has to appraise for the amount if it includes the 6%. I otherwords the seller has to take 6% out of his equity to make the deal happen. If there is no equity, no sale . If seller has equity why would he/she give it to the buyer and short him/herself. So yeah that is still possible but you are better off having a downpayment . FHA downpayment is still 3-5% again the closing costs . FHA has a plan to go down on what is allowable from the seller to pay too. But if you have good credit , a good job and a downpayment you are really in luck . The interest rates are still fantastic . Prices are too. Not long ago you would have to pay $250,000 for a Village Pond Townhouse - now they range in the 160-170k range just for an example. And there is an unbelieveable selection of properties to choose from.

If you rent a place for the ski season every year - you likely drop 10k average plus utilities. You take that 10K and you will pay for a place to use year round and when the economy turns, make a profit . The nice part of it is you don't have to put a lot down. FHA is available for second home buyers too. We have a 2 bedroom+ loft 2-1/2 bath townhouse at the top of Pinnacle with views as far as your eyes can see and the seller just wants to unload NH and Mass properties to move closer to their kids. Priced to move literally at $129,900 a good 40K below other like properties . Move in condition too. Or you thinking you might build here in the future, why not buy the land now - land prices are low too.

Yes, places like California and Florida are going to be shakey for a while. And the idea of making a profit on a bargain with flipping might not be such a quick turn around , but New England is in far better condition and when it turns, your might blink and miss it, missing the boat too. Dont wait this is the time to invest .