fatlazyless: "Am I incorrect but doesn't $15./1000 = a NH real estate transfer tax of 1.5% that gets shared evenly by the seller and buyer for .75% each. Does NH have the highest real estate transfer (not property) tax in the country?
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1.5% sounds right. I do not know who has the higest RE transfer tax. 50/50 split for buyer and seller @ $15.00 per $1000.00 of value in NH.
Samiam: never tried that and need a lesson.The formula didn't work for me so I went back to your example and found that 5625.00x15.00 only =84,375....is there a step that I missed?
You multiplied instead of dividing the tax amount.
Secondcurve: "What is going on with the Lakes Region real estate marketplace? Still headed down, stabilizing?"
The market for lake (waterfront property) seems to be doing pretty good. Some dropping in price but not much as compared to non-lake property. Some extended time to sell but those that can afford this type of property are not in the same demgraphic or financial position as the rest of us. They have $$$$ and they still can afford the second home or a boat for that matter. More power to them if they do.
The market outside of lake property is slugush and prices have declined but that is also relative to where the property is in the state. We have so far seen a spring surge but it is not as much as in years past. I have been in RE 14+ years and saw the last drop in prices and its effect on the overall market and today is no different. We are in an adjustment phase and I cannot tell you or anyone when it will be over at this time.
There have been a lot of forclosures in NH and they predict a total of about 3000 for 08. There have been a lot in Laconia and a few in Alton, Gilford and the towns surrounding the lake. This data is not generally available to the public unless you read all newspapers in the state but Laconia is the forclosure leader in this area and that fits as it is the biggest community around here. I have access to this information through publications that I and my office pay for with weekly updates. It is not generally accessable to the public and as I am a member of the MLS etc. I do get a lot of other data which helps me understand the RE market.
I hope this helps.
