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DREAMS · 06-10-2007, 08:31 AM

This has been a hot topic for 3 years since the highs and crash of 2004. I am not a real estate agent either so my opinions are only based on local living exposure and following the market for four years.

The major opportunity we hear advertised which is a fact, you don't usually find a combination of lower purchase prices and lower interest rates. The combination has always been purchase low, pay higher interest and vice versa. If you really take a look around, the asking prices for most property has not really dropped considerably. People who have to sell properties for various reasons have been forced to accept lower offers to "move on" with their life and personal situations.

If you are focusing on purchasing property in one of the lower tax rate towns such as Meredith, Moultonboro, etc., the key will always be location, location, location for purchase and resale. If you factor in the 15% to 18% tax deduction for interest paid on your second home purchase plus the annual tax deduction with a lower interest rate to purchase, you will have a good opportunity to get in the market and build equity. As the other gentleman pointed out, the Lakes Region has not taken a hit compared to residential properties in southen new hampshire. Real Estate has always been and will always be a key factor to savings and retirement - far better than earning a high of 5% in a CD or savings account.

You can even increase your savings by purchasing a property to rent on a year round basis in the Meredith and Moultonboro areas where it is very difficult to rent a home year round! The majority of rental property is rented for seasonal basis but actually costs the owners more than renting to a party on an annual basis.

If you see a good buy now, I would go for it! You will kick yourself later when you say I should have and didn't! Good Luck!

06-10-2007, 08:31 AM	#3
DREAMS Senior Member Join Date: Sep 2004 Posts: 51 Thanks: 0 Thanked 0 Times in 0 Posts	Now Is The Time.. This has been a hot topic for 3 years since the highs and crash of 2004. I am not a real estate agent either so my opinions are only based on local living exposure and following the market for four years. The major opportunity we hear advertised which is a fact, you don't usually find a combination of lower purchase prices and lower interest rates. The combination has always been purchase low, pay higher interest and vice versa. If you really take a look around, the asking prices for most property has not really dropped considerably. People who have to sell properties for various reasons have been forced to accept lower offers to "move on" with their life and personal situations. If you are focusing on purchasing property in one of the lower tax rate towns such as Meredith, Moultonboro, etc., the key will always be location, location, location for purchase and resale. If you factor in the 15% to 18% tax deduction for interest paid on your second home purchase plus the annual tax deduction with a lower interest rate to purchase, you will have a good opportunity to get in the market and build equity. As the other gentleman pointed out, the Lakes Region has not taken a hit compared to residential properties in southen new hampshire. Real Estate has always been and will always be a key factor to savings and retirement - far better than earning a high of 5% in a CD or savings account. You can even increase your savings by purchasing a property to rent on a year round basis in the Meredith and Moultonboro areas where it is very difficult to rent a home year round! The majority of rental property is rented for seasonal basis but actually costs the owners more than renting to a party on an annual basis. If you see a good buy now, I would go for it! You will kick yourself later when you say I should have and didn't! Good Luck!