Recent comments in /f/newhampshire

dreams_n_color t1_j7eygk2 wrote

I’ve noticed that Zillows estimates are way below many other websites. If you look at your address on Redfin or Realtor you’ll see it’s valued much higher, close to what you purchased it for. Buying a home is scary, yours is lovely and it’s on 15 acres! Wow, I’m envious. If the payment is comfortable, that’s all the matters in the end. If this was my home I truly wouldn’t be worried over what Zillow says it’s valued at. Especially when every other site has much higher estimates. Congratulations on your new home!

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MagicalPeanut t1_j7en0ux wrote

Zillow isn't the end-all-be-all pricing index for the market. Take a look at Redfin who estimates you at $484,737:

https://www.redfin.com/NH/Walpole/56-Laclair-Rd-03608/home/88030354

Next, read up on just how bad Zillow's data scientists failed Zilllow when it came to pricing the market:

https://towardsdatascience.com/invaluable-data-science-lessons-to-learn-from-the-failure-of-zillows-flipping-business-25fdc218a62

Feel better yet?

My hot take is that prices should go down for everyone as rates go up. What you, and everyone, can afford is a combination of principle and interest. Therefore, as rates go up, what you can afford in principle is less, because you are paying more in interest. Combine all of this will a staggering economy due to high(er) interest rates and you have fewer people that can afford homes.

As far as what you should tell the realtor? Nothing. Like all of us, you likely got your house because you were the high bidder. No one was willing to pay more than you at the time it was listed. That being said, love your house. It's beautiful on a nice piece of land. Take care of it and maintain it well. No one is getting a good deal buying anything that is a 1:1 with many people looking to buy it.

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Burger-King-Covid t1_j7eh5f6 wrote

You can go to a city of claremont meeting and request a zoning amendment and they may grant it for you. The city needs tax money badly. Tons of great places out in the middle of nowhere in Claremont to build a cabin just like that. You just need permission from the city first with a special meeting.

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PiermontVillage t1_j7eb2at wrote

For a variance to be approved these five conditions must be met

(A) The variance will not be contrary to the public interest; (B) The spirit of the ordinance is observed; (C) Substantial justice is done; (D) The values of surrounding properties are not diminished; and (E) Literal enforcement of the provisions of the ordinance would result in an unnecessary hardship.

If you are opposing the variance you should refer to one (or more) of the conditions as not being met. See NH ZBA handbook for a discussion of these.

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steelymouthtrout t1_j7e9pvd wrote

Both Zillow and realtor.com are simply sales websites. They use algorithms and other bullshit to inflate the prices of all the houses and this is why the insanity and the fomo that you are obviously feeling right now. Because people sit on Zillow and other websites and they let it dictate their decisions and it's dumb.

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MiggySmalls6767 t1_j7e7a6o wrote

The point is they make money off a sale.. not off telling you the market is likely going to change in the next year with higher interest rates and people no longer smoking the crack they have been for the last few years thinking their shit box is worth $300k when it’s a $175k home

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FTheOldWest t1_j7e17wl wrote

Zillow isn't indicative of the actual home value. It's just what the zillow algorithm is spitting out. In many instances, this is number is wrong. The median error of zestimates is nearly 8%. Also to add, your agent should have gone over how this works. I'm surprised they are no longer in contact with you. I typically text/email my old clients monthly to see how everything is going and wish them well. Ultimately, don't sweat the zestimate. It's a worthless number.

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