⬇️ Comment LOCAL and I will send my local market worksheet
I do a lot of business in New Hampshire.
I live in Southern New Hampshire now.
I actually grew up in Massachusetts.
I lived in Boston for 20 years.
Moved to Southern New Hampshire with my family.
I actually work in Maine as well, Rhode Island.
We do a lot of Rhode Island housing loans down on Rhode Island and then Florida.
Also, I think it is important for a buyer to be speaking with a lender that knows their area.
Someone that has grown up in Massachusetts, has lived in New Hampshire, has gone out to Newport, Rhode Island, and Maine, and in Florida, knows the areas they are looking to buy.
Rather than maybe talking to someone that is in California, it is very important for the lender to have an idea of what is going on in the community there.
What are the real estate taxes
What are the different laws associated with that area so that they are well versed when they are purchasing that property
I have real estate agents that I work with in those particular communities, in those states, and we talk on a weekly, biweekly basis about the area.
Let us say they are looking to buy a multifamily property.
What are you getting for rent in Providence, Rhode Island versus what are you getting for rent in Boston, Massachusetts, or Manchester, New Hampshire
Knowing the different markets and what the real estate taxes are, you are going to be paying more taxes in New Hampshire than you are in Boston, Massachusetts.
I like to emphasize to people, especially if they are buying in Boston, Massachusetts, sure the prices are going to be higher, but you are going to get a residential exemption on your real estate taxes, so you are going to be paying a much lower tax rate by buying in Boston, so you could actually be approved for a higher price buying in Boston than you could in another part of the state of Massachusetts.