Pamela Bailey
RE/MAX On the Move | Insight | Advantage | 603-770-0369 | pebailey001@gmail.com


Posted by Pamela Bailey on 5/16/2018

When you find a home you love, you most likely will want to take the steps you can to buy it. When a home is already under contract, there’s actually a little-known strategy that can be used to help you have a chance at getting the property. 


When you make a backup offer, you’re doing all of the same things you’d do under normal circumstances. The only difference between a normal offer and a backup offer is that you’re not guaranteed to get the home. The first deal needs to fall through in order for you to have a shot.


Advantages To Backup Offers


The backup offer is a bit of a stretch, but it still does give you a little bit of a chance to get a home. When a backup offer is in place, the home won’t just go back on the market if something falls through. This is especially smart when it comes to lower inventory markets. When a home is re-listed, you’ll need to compete against other buyers. If a bidding war is initiated, the home’s price will keep going up. The backup offer being in place helps the seller to feel secure in the sale of their home one way or another. If for any reason the first buyer falls through, you’ll be able to swoop in and get the home yourself.


Timing Is Everything


Keep in mind that there’s a certain period of time before a deal needs to be closed on for a home. The original buyer will need to close the deal on the home in an average of 50 days. Knowing the time frame that you’ll need to wait around for a decision is helpful for you in your own search for a home.


You can also have your agent check in with the listing agent for the property on a frequent basis. This lets the agent ad seller know that you have a keen interest in the property in case there are any difficulties coming from the other side of the deal. 


If The First Deal Doesn’t Go Through


If the first deal on a home does fall through, you’re not the new owner of the home just yet. There’s always a possibility that the first buyers found some very difficult problems with the home during the inspection. These could be big issues like an issue with the roof or the foundation of the home. Be sure to include a home inspection contingency with your contract so that you can have your own inspection conducted. This way, you’ll know if there are any problems with the home and that you will be able to deal with them.


A backup offer can be a great tool to use in tight markets to help you get a home that you love. It’s always a good idea to proceed with caution in any home deal to make a sound financial decision.




Categories: Uncategorized  


Posted by Pamela Bailey on 5/15/2018


22 Lafayette Terrace, North Hampton, NH 03862

Condo

$187,500
Price

2
Bedrooms
4
Rooms
1/1
Full/Half Baths
Great location on a quiet street with very little traffic only 7 miles to downtown Portsmouth! Kitchen has been recently updated, newer appliances, newer water heater and newer roof. Tastefully updated two bedroom condo with one and one half baths. Open concept living and kitchen area, deck and lovely limited common yard means it belongs to the whole association but only you can use it. A place for your pets to run or your children can play or you can have a garden or fire pit! Front farmers porch and full basement that could possibly be converted to additional living space. Two off-street parking spaces. Low Condo ($150/mnth) fee covers master insurance, water bill, and management fees. Quiet neighborhood close to shopping, beaches and commuter routes. No showings until Saturday, 3/31. Tenant occupied, so I need 24-48 hours notice for other showings.
Open House
Saturday
May 19 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 22 Lafayette Terrace, North Hampton, NH 03862    Get Directions






Categories: Open House  


Posted by Pamela Bailey on 5/15/2018


22 Lafayette Terrace, North Hampton, NH 03862

Single-Family

$187,500
Price

2
Bedrooms
4
Rooms
1/1
Full/Half Baths
Are you looking for a house but cant find one in your price range on the seacoast? This is actually a condo that lives like a single family house because you have a large yard that is just for this unit, where you can have a garden, pool, fence it in, use it for pets, etc. Great location on a quiet street with very little traffic only 7 miles to downtown Portsmouth! Kitchen has been recently updated, newer appliances, newer water heater and newer roof. Tastefully updated two bedroom condo with one and one half baths. Open concept living and kitchen area, deck and lovely limited common yard means it belongs to the whole association but only you can use it. A place for your pets to run or your children can play or you can have a garden or fire pit! Front farmers porch and full basement that could possibly be converted to additional living space (has a heating zone already in the basement) Two off-street parking spaces. Low Condo ($150/mnth) fee covers master insurance, water bill, and management fees. Quiet neighborhood close to shopping, beaches and commuter routes. Tenant occupied, so I need 24-48 hours notice for other showings.
Open House
Saturday
May 19 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 22 Lafayette Terrace, North Hampton, NH 03862    Get Directions






Categories: Open House  


Posted by Pamela Bailey on 5/15/2018


2 Alden Avenue, North Hampton, NH 03862

Land

$826,000
Price

3.18 Acres two build-able lots in North Hampton One lot has a house on it. right down the road from the Atlantic ocean and beach!
Open House
No scheduled Open Houses






Tags: North Hampton   Real Estate   land   03862  
Categories: Price Change  


Posted by Pamela Bailey on 5/15/2018


243 Atlantic Avenue, North Hampton, NH 03862

Single-Family

$650,000
Price

4
Bedrooms
10
Rooms
2
Baths
Beautiful woodwork, gorgeous hard wood floors and a large farmers porch. Rich wood accents throughout, showing the craftsmanship of an era gone by. Den/Library features a beachstone fireplace and coffered ceiling, with some newer built-ins to add to the convenience of today's life style. Throughout the property there is a nice merger of the original architecture, with modern touches. Second level has 4 spacious bedrooms and an office. And if necessary, a walk up attic could be finished for even more space. Just off the mud room is a hot tub with a bathroom near-by. Attached over-sized garage offers plenty of space and has an unfinished walk-up for storage or could be finished. Detached carriage house was converted to finished space in the 1980's, so it could use some up dating. Very nice salt water in-ground pool and over-sized shed for storage of garden tractor and tools. Wired for back up generator. A lot of house for the price!
Open House
No scheduled Open Houses






Categories: Price Change