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New Hampshire LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate

State:
New Hampshire
Control #:
NH-00474
Format:
PDF
Instant download

Description

This is a guide for Sellers and Buyers when selling or buying real estate. It is a great tool to educate you about the selling or buying process and also includes information on the real estate closing. State specific information about certain issues is included with the package.
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FAQ

It is not required that you retain an attorney to purchase the property. However, it is a safer to have an attorney who will be representing your interests.

The statute imposing the tax is found at RSA 78-B and NH Code of Administrative Rules, Rev 800. The tax is imposed on both the buyer and the seller at the rate of $. 75 per $100 of the price or consideration for the sale, granting, or transfer.

As a listing agent you control your time better. As a sellers agent, you set the timeline for your appointments, open houses, inspections and showings. Most of a buyer's agent day is spent on nights and weekends when their clients have the time to look, but sellers agents can set a more normal schedule.

Scope Out the Competition (Be A Nosey Neighbor) Give New Hampshire Buyers What They Want. Analyze New Hampshire's Real Estate Market Data for a Correct Listing Price. Make Sure Your Real Estate Photographs Don't Suck. Your Secret Weapon (New Hampshire Flat Fee MLS Listing Companies) Don't Get Yourself Sued or Fined.

Step 1: Evaluate your financial situation. Step 2: Choose the right neighborhood. Step 3: Find a great real estate agent in New Hampshire. Step 4: Get pre-approved for a mortgage. Step 5: Start house hunting in New Hampshire. Step 6: Make offers. Step 7: Inspections and appraisals. Step 8: Final walkthrough and closing!

You Need Not Hire an Attorney, Although You Might Want To While some states require that an each party to a real estate transaction retain a lawyer to represent their interests at the closing; California does not.

Several states have laws on the books mandating the physical presence of an attorney or other types of involvement at real estate closings, including: Alabama, Connecticut, Delaware, District of Columbia, Florida, Georgia, Kansas, Kentucky, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New

Although you don't usually need to hire a real estate lawyer to sell your home in California, it's required in some cases. If selling your home is complicated by other parties who might have an interest in the property, an attorney can protect your own interests and help negotiate terms agreeable to everyone involved.

Realtors get paid on a commission basis, usually 5 to 6 percent of a home's sales price, which is split between the listing broker and buyer's agent. Fees typically come out of the sellers' proceeds while buyers generally pay nothing to the agent who represents them.

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New Hampshire LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate