Blog :: 02-2012

I didn't listen to my Realtor.....Me

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Yes, it is a great time to buy and I am not just saying that..... We are purchasing a condo in Ski Country...Bretton Woods. I am representing myself and our partners in the purchase. It is a short sale and it has had all the fun associated with getting a short-sale offer approved by the bank. Being a realtor, it is great to go through the buying or selling experience every once in a while to regain perspective on what your clients have to deal with during the process.

As we enter the home stretch on the road towards closing, I look back and see how easy it is to make mistakes in the process. Our major mistake in purchasing the condo is going with a lender that had never loaned on a condo in the association prior to our purchase. The result was the underwriters had to approve the condo association in its entirety prior to our purchase. The problem was not the lender, we went with a reputable lender and had a great mortgage officer; it was just their first time with this particular association. So...we have had to jump through a couple unnecessary hoops because I did not take my own advice. When you are purchasing a property, always go with lenders and insurance providers who know the area.  These professionals have dealt with obstacles common with the territory, i.e., private roads, island properties, associations, resort atmosphere, etc. Our closing has been held up for a week and a half, and we had to switch programs because the underwriter did not understand the condo development in which we are buying. It was a frustration that could have been avoided, if we had only listened to our realtor...oh wait, that's me.

One side note: We have been working with Terry Penner at Peabody and Smith Realtors, who is representing the sellers. Terry has been wonderful through the transaction, if you need an agent up there, look no further.

Moorings available in Wolfeboro

View of the Wolfeboro Corinthian Yacht Club

The Wolfeboro Corinthian Yacht Club is now offering several moorings in their deep water mooring field for rent during the 2012 season. These moorings were previously unavailable and are located in their prime location in Wolfeboro harbor within walking distance to town. They rent for $1,800 and include launch shuttle service to/from the mooring field; Restroom facilities; a newly renovated dock, a dumpster for trash and parking for one vehicle.

This is a great way to enjoy Lake Winnipesaukee and have a nice off the water home in Wolfeboro. Why wouldn't you live in a vacation town?

Peter Ferber at The Art Place in Wolfeboro

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The Art Place in Wolfeboro is home to many local and talented artists and photographers, one of the most famous artists being Peter Ferber.[gallery link="file"]

He has been the creator of the Boat Show Poster for years and has captured many beautiful scenes on Lake Winnipesaukee and of the lakes region with his brush. They make great closing gifts. For example, I would give the Wentworth Poster above to a client who purchases on Lake Wentworth. I can usually find a Ferber Print matching where the waterfront clients have purchased.

This Saturday, The Art Place is hosting a Peter Ferber event, not to be missed. Click here for the press release on Fosters.com or click here for information about The Art Place in Wolfeboro, NH.