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19 Muirfield Drive
32 Powwow River Road
East Kingston, NH
4 Stonewall Way 4 - C
Assessed VS. Appraised Values
What Are Assessed Prices
Municipalities levy a tax on residential properties. The calculation is determined by a percentage times an assessed value of a piece of property. Assessments are used specifically for determining taxes and do not necessarily reflect the current market price. Every city calculates assessed value using different formulas. They often include land value, interior square footage, and exterior amenities such as decks. Municipalities can re-assess real estate values and/or increase the property tax rate on an annual basis.
What Are Appraised Prices
An appraisal is a calculation of the current market value of a home by a licensed professional employing specific methodologies. Lenders employ appraisers to validate that a loan is not being provided for more than the current market price of real estate. It is a way of evaluating their investment since they hold most of the risk until you pay down the loan. Appraisers typically review several other houses that sold within the last 6 months in the same or similar town. Since the real estate market can adjust constantly, considering recent sales is vital for an accurate appraisal.
An Explanation Of Appraised Versus Assessed Prices
The actual value of a property is defined by what a purchaser is willing to pay, which can vary at any time depending on circumstances such as financing options. Buyers should avoid comparing assessed figures with the selling price of real estate since they do not fluctuate the same. Some locations rarely change assessed values and commonly increase tax percentages instead of valuations. Only an appraisal can offer a true indication of market value.
2013 is predicted to be a continuation of 2012:
~US Housing Market will continue show signs of improvement
~There remains is a sizeable pent-up demand based on population growth, family formations and improving employment levels. This demand will continue to stimulate the housing market.
~ Mortgage rates will remain at historically low levels.
~ Housing affordability conditions attributable to moderate home prices and low mortgage interest rates will remain constant serving to motivate home buying Vs. renting
~Credit restrictions and underwriting guidelines continue to restrict the flow of affordable credit in the form of historically low interest rates, should that change even a little bit, the pace of the housing recovery will pick up dramatically
~NAR forecasts existing home sales to edge up with a projection of 4%-5% increase
~There is an expectation of some limited price appreciation possible towards the end of the year
~There will be pressure on inventory and in some markets mild shortages
~Short Sales and Foreclosures will continue to influence the market
~New home construction will pick up throughout the year and will supplement the inventory shortages as they might exist in some markets
Newfields is a quite bedroom community located in Rockingham County, New Hampshire. It is situated along the west bank of the Squamscott Rive and is bounded to the north by Newmarket, to the south by Exeter, to the east by Stratham and to the west by Epping. It is located just 11 miles from Hampton, 12 miles from Portsmouth and 31 miles from Manchester.
Newfields was settled in 1638 and was incorporated in 1895. It was originally named Newfield Village and was a part of Exeter.
Newfields is home to historic cemeteries, a historic country store, a town hall, a war memorial and numerous hiking and biking trails. Modern-day industry in Newfields includes printing, warehousing, and the manufacturing of automotive parts and sports clothing.
According to the 2000 U.S. Census Bureau, the population in Newfields population at the time was 1,551 people. This included 516 households and 431 families. The average family size was 3.23 and the average household size was 3.01. Newfields is comprised of 7 square miles of land and 0.2 square miles of water.
Newfields Real Estate and Homes: The quaint village is home to many antique colonial and federal style homes. Although a significant amount of real estate development and new construction in recent years has attracted new families to Newfields, the town has preserved its historic charm and scenic landscape. In 2000, there were 532 homes in Newfields and an average of 76 homes (houses / condos) per square mile. By 2007, it was estimated that real estate in Newfields was comprised of a total of 594 homes. This included 529 single-family homes and 55 multi-unit homes.
Please contact Better Homes and Gardens Real Estate The Masiello Group for homes for sale in Newfields, New Hampshire, homes for sale in Rockingham County, New Hampshire, and for all your real estate needs.