Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown

New Hampshire Real Estate Happenings with Monika

Hampstead , Nebraska

This Blog is all about real world real estate, no pie in the sky, just the information needed to help you make informed decisions. Looking for information on a career in real estate? Buying or selling? Looking for market data and trends? No crystal ball here but 22 years of solid real estate experience at your disposal. Humor me as we travel around a bit and discuss everything from family to business.

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

re: Blogs and NAR
I think the NAR will have a hard time policing blo...
re: Blogs and NAR
I found your website that captures my interest whi...
re: Blogs and NAR
I like your blog. Please visit mine when you get a...
re: Links to Original Hate post and follow up post
It was not a pretty sight thats for sure....
re: Links to Original Hate post and follow up post
good gracious!thanks for this informative informat...

Site Feed

RSS Feed

New Hampshire Real Estate Happenings with Monika

My Real Estate Reality...it doesn't bite!!!!

Mar. 16, 2007
Categorized in: General


By Monika McGillicuddy

Where has the time gone?  I have to ask myself that, as this year I enter my 23rd year in real estate!  Sounds scary doesn't it?

I must be feeling  nostalgic...don't really know why but I am.  I can't help but think of all of those that have come and gone as the Lure of easy money is a mighty pull...and for them the reality really does bite.

 I've been a real estate professional for nearly 23 years now.  I've been through many ups and downs...good markets and bad ones....been there... done that and got the T- shirt!

So I can safely say that over the years I've seen many agents come and go...the lure of "easy" money and then the reality of having to really work hard to earn that easy money sets in and poof their gone!

Years ago at a former company...I trained an agent who after sitting through 2 weeks of our company's new agent training program thought he knew it all. I thought to myself...I'll give him a month. His first customer did him in...he showed her four houses and refused to show her more...he thought she should just buy one of the four he showed her and she should be grateful that he had taken the time to show her those four.
  What did she expect that he would cart her butt around until she found something??? He lasted 3 weeks.

Another agent didn't understand why he had to be available to show homes during the customers schedule...he wasn't wasting his weekends with Looky Lou's

One guy told me point blank that he couldn't stand real estate agents...he had all sorts of degrees and certainly knew how to sell real estate...he didn't want to waste his time participating in training.  After all he had sold many of his own homes without the help of an agent...what was it that I could teach him that he didn't already know...I wonder what he is doing today? Not selling real estate thats for sure!

Then there was the nurse who left a highly stressful career to do something "easy"...she needed to  remove all the stress from her life and real estate sounded like fun! 

The guy that takes the cake was in his late 50's, he sat through training...a good student, watching everything I did. This was the days of the floppy disks...Bill Clinton was president...remember those days? Anyway after training was complete, he came up to me and gave me a floppy disk labeled "Monica" and told me I left it at his house. I had never been to his house and reminded him of that and that my name was not spelled Monica with a c but Monika with a k. It didn't matter he insisted it was mine and left it on my desk.

Much later I decided to play it and see what in the world it was. I was pretty grossed out as it was full of pornography... an X rated spoof of Monica and Bill Clinton.  It really grossed me out and made me wonder what he was thinking about all those times he sat in class watching me. Yuck!
                                                                                                                                                                                     
The list is endless...and it always bothered me to see someone spend $1,000 plus just in start up money just so they can do real estate and last less than a month.   They were clueless about the reality of being a real estate agent.

 What does it take to be a good real estate agent? What would you look for if you were to hire an agent to represent you? Can you describe you ideal agent?

Often I've wondered what special attribute do you have to have...to love this business.

I've never been lucky enough to get rich in this business.
I've missed more family time than I care to remember.  My kids had to learn to accept that mom might jump in the middle of dinner or laugh when they cut into their birthday cake in front of all their friends to find somehow the table spoon got baked into the cake...mom must have had a real estate call in the middle of mixing the cake and forgot about the spoon. 


Just what is that makes us a good agent?

I may not financially be rich but I am rich in many ways...I've helped shape the future for many people...helped them be able to create memories and achieve the American dream of home ownership. I'm a damn good agent...I know my stuff, I'm ethical even when no ones looking and I love what I do.  Is that enough?  I think so.

What makes you a good agent?   What sets you apart ?                                                                                                                                       

                                                                                            

 

 

 



Serving Southern NH
Jay and Monika McGillicuddy
Prudential Verani Realty
Hampstead NH

603-548-7728

 

New Hampshire Dual Agency Rules Changes

Mar. 5, 2007
Categorized in: Agency Issues

 Important Changes to New Hampshire Dual Agency Rules


By Monika McGillicuddy
                     Dual Agency Rule change effective May 1 2007

The New Hampshire Real Estate Commission recently approved rule changes that go into effect on May 1 2007.  These changes now bring the Rules (REA) in line with the Law and as some of you know changes to the law (RSA) 331-A:25-d Disclosed Dual Agent;Duties were approved in 2005 and since that time the "Rules" really didn't make any sense.

Many agents seem to be a little confused by the difference between RSA's (Laws) and the REA's (Rules)...what is what...and which one do you listen to? Now that won't be a problem any more but to clarify I have always considered the Law (RSA's)to be like your car's owners manual...full of advice on what Must be done and the Rules (REA's) to be like the operators manual...telling you How to do what must be done. Make sense?

Our Rules will now coincide with our Law! What a novelty!!

The biggest change is to REA 701.01 Agency and Non Agency Disclosure and Rea 404.4 Brokerage Contracts

REA 701.01

(a) A licensee shall provide a written agency relationship disclosure to the consumer at the time of first business meeting.
(b) A licensee showing a property listed with another agency shall disclose their agency or non-agency relationship verbally or in writing to the other party’s agent prior to showing the property and in the writing at time of the offer.
(c) Licensees shall use the agency/non-agency disclosure form adopted by the commission (as of this writing they are still developing the form that we all will have to use)
(f) A licensee intending to act in the capacity of a dual agent shall:

(1) At the time of first meeting with a consumer to discuss a specific property, provide a written agency relationship disclosure pursuant to Rea 701 .01(a);
(2) On the listing contract and buyer agency/tenant representation contract, give the client the option to accept or deny a dual agency statement of consent to showings, pursuant to Rea 404.04;
(3) have the informed consent to dual agency agreement  signed and reviewed  by the buyer/tenant and seller/landlord at the time which in the dual agency occurs but no later than the preparation of a written offer for sale or lease pursuant to Rea 404.04

Changes to Rea 404.4 Brokerage Contracts as of May 1 2007 will now require that listing agreement and buyer agency agreements have consent for dual agency showings within the agreement by separate dated signatures.

Caution...You must be sure to gain Informed written consent at time of listing for potential Dual Agency showings and then be sure to get the actual consent form signed prior to drafting an offer for sale or lease of real estate.

Best Practice...Make sure you have (1.) signed consent for showings on the listing agreement and then (2.) Contact your seller client and inform them that a dual agency showing is taking place and try to get written consent...if unable to get written consent...make sure you get it before you present or draft an offer and make sure your buyer client understands what dual agency really means.

These changes are more in line with how we actually do business in NH but if not handled correctly the agent has more rope to hang themselves with in my opinion.


Need a refresher on what dual agency in New Hampshire is check out my blog post called Dual Agency Life in the Fast Lane

The New Hampshire Association of REALTORS will be adding new forms to our True Forms (forms on line) once we get final approval from the Board of Directors that will reflect these changes.

A listing of the forms pending approval are;

The Revised Forms will include:

CONDITIONAL RELEASE FROM EXCLUSIVE LISTING AGREEMENT

CONDITIONAL RELEASE FROM EXCLUSIVE BUYER AGENCY AGREEMENT

DUAL AGENCY INFORMED CONSENT AGREEMENT

EXCLUSIVE AGENCY AGREEMENT

EXCLUSIVE BUYER AGENCY AGREEMENT

EXCLUSIVE LISTING AGREEMENT

PROPERTY DISCLOSURE – LAND

PROPERTY DISCLOSURE – RESIDENTIAL ONLY

PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT

 Brand Spanking New Forms will be:

BUYER AGENCY DISCLOSURE

SELLERS SUITABLE HOUSING ADDENDUM TO PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT

 I'm sure we'll all have a bit of a learning curve to go through but these forms will make it easier for all of us. 

 

 

 

 





Serving Southern New Hampshire
"Real Estate Your Way...No Pressure- No Hassles"
Jay and Monika McGillicuddy
Prudential Verani Realty
Hampstead NH 
603-548-7728

New Hampshire's Old Man of the Mountain

Nov. 19, 2006
Categorized in: New Hampshire Information

Let me tell you about my old man…

 

He was a very old man indeed…. some say he was born an estimated 2,000 plus years ago during the post-glacial period.

Even though he was so very old his passing was deeply mourned by New Hampshire residents as well as those of its sister New England States.

The Old Man in the Mountain.  What a sight he was…so majestic…so proud.  He sat boldly on the shoulder of Profile Mountain, which juts out into space, some 1200 feet above Profile Lake.

His profile was not to be missed by anyone visiting New Hampshire’s Majestic White Mountains.

I can’t tell you how many times we’ve pulled off the highway to stop at the viewing station simply so we could look at him, take pictures and just marvel that he was there.

A natural phenomenon…not created by man, but cherished by mankind. The joy never wore off…never became a yeah so what…been there done that type of attraction. 

One day when we least expected it he was gone…simply gone. We didn’t have a chance to say good bye, take one last photo.

We knew he was ailing a little bit and had heard about tentative gentle repairs being done and minor mending needed but no one expected this… I am talking, of course, about The Old Man of the Mountain, whose stony countenance simply vanished overnight and was discovered missing on May 3, 2003.

May 3 2003 is a day many New Hampshire ites will never forget…like remembering where you were when JFK or Bobby got shot…9-11 and Martin Luther King...of course while nowhere near the same tragic scale and magnitude those events where, but a day we’ll not forget anytime soon.

 

 

I’m sorry if you never got to see him in real life…my shots don’t do him justice but I’ve included many links that have great photos of New Hampshire’s Old Man in The Mountain for your viewing pleasure.

 

Former New Hampshire governor Craig Benson can sum it up much better than I can …so I’ll leave you with his words.

 

 

"From its mountainous perch, the Old Man has stood for centuries as a testament to the steadfastness of New Hampshire's Yankee character and the resolve of its people. This rugged yet beautiful monument fit the character of the pioneers who founded this state, the immigrants who built it, and the spirit of those who live here today. It was the ultimate symbol of those who would "Live Free or Die." And while that symbol may have fallen, that spirit still remains."

-- Governor Craig Benson

 

 

Hampstead New Hampshire Tid-Bits

Nov. 10, 2006
Categorized in: Hampstead NH

Hampstead New Hampshire Tid-Bits ….

 Liv’n Out Loud.  The clothing.  The lifestyle ….I just Love it when I hear of a local success story. But not only is this a local success story but check out the celebrities who also agree that these ladies have something special to offer.  So take a few minutes and cruise their website  not only is this a great story about two ladies named Kristine Fichera and Alyson Bruu shown here with New Hampshire’s Governor John Lynch but the product line is awesome and will make some truly special holiday gifts.

 

So special that the Sundance Film Festival has selected their clothing to be featured in the Celebrity Swag Bags!!! Pretty Cool!

Tis the season and Hampstead New Hampshire is already on the bandwagon gearing up for a fun filled community holiday season.

Plans are already in place for the Fire Departments annual Holiday Christmas Parade. The whole town rallies around this event and it is a “Not to Miss” part of the holiday season in Hampstead.

Check out Hampstead Library  web site and the upcoming events page for tons of library information.

Hampstead Historical Society has a neat CD they are selling called Hampstead: Then and Now which is  a documentary review the life and times of Hampstead with amazing photos and commentary. 

Hampstead Mothers club annual Breakfast with Santa will be held on Dec 2…this is a not to miss event!  The Mothers club is also building a playground at the Dept Road fields and money raised through many of their fundraisers go to support that effort. For more info contact the club by clicking here .


Prudential Verani Realty’s 5th Annual Coat Drive

 

 Prudential Verani Realty is holding our 5th Annual Coat Drive from November 1-30th. Our goal is to collect over 6,000 coats, hats, mittens and scarves to donate to those in need. All of the very generous donations we receive will be given to local shelters, charitable organizations and to those less fortunate.  Call or e-mail me to donate.

 Happy Holidays to you all!    

Monika McGillicuddy's website

Monika McGillicuddy's Training website

MLS Home Search