North Conway Buying Process

Buying a vacation home can be an easy process if you have the right team in place and know what to expect. 

Starting to look...

When you first start looking, you probably won't know exactly what you want. 

We can talk about:

  • Pros and cons of homes vs condos
  • Different associations and their amenities 
  • Any neighborhood restrictions that might impact you

If you are looking in an area that's in high demand, you might not be able to come up every time a new listing comes on the market. In that case, I'm happy to see properties for you, take pictures and video, and determine if it's worth a trip up for you. 

We Found It!

When you find the right place, we'll put an offer together that gets you the property for the best price. We'll look at:

  • Neighborhood comparable sales
  • Market trends
  • Seller motivation
  • Your motivation and goals

The Offer

In New Hampshire, we use the Purchase and Sale agreement right away. This one document covers all aspects of the purchase. It outlines:

  • Price and terms
  • Clear title
  • Inspections (general home, septic, radon, water, etc)
  • Due diligence (review of covenants, association rules, budgets, condo docs, etc)
  • Financing

Home Inspection

I will put you in touch with the area's most trusted home inspectors so you can feel good about your purchase. NH does not have Title 5, so it's important to get your septic system inspected. 

Financing

If you are going to finance the purchase, I'll connect you with some great lenders who will guide you through that portion of the transaction. 

Title and Closing

You (or the bank if you are financing) will hire a title company to make sure there are no title issues and handle the closing paperwork for you. The title company will coordinate the closing. 

Here are some typical closing costs:

Home inspection $350-$450

Septic inspection $250-$450

Water tests $85-$200

Radon air test $100

Title Work $350

 

NH has a transfer stamp of $15 per thousand that is split between buyer and seller. 

If you purchase a $200,000 property, the total tax would be $3,000 so buyer and seller would each pay $1500.