Even in today’s economy, homes for sale in Concord NH remain among the fastest selling commodities in New England. Buyers scramble to buy a piece of property in this bustling city.
Could this be an exaggeration? Well, even the professionals at New Hampshire Association of Realtors (NHAR) express their pleasant surprise at the steady rise of homebuyers who want to call Concord in Merrimack County their new home. The homes in county listings are selling so fast that even builders cannot manage to catch up with the growing demand.
Why Homes for Sale in Concord NH attracts New Homebuyers
In the past couple of years, the capital city of New Hampshire has experienced an economic growth spurt of 3.53 percent, which contributes to nearly a 2 percent increase in employment over the same period. For this reason, the households in Concord are rightfully enjoying one of the highest median household incomes in the country at $56,093, almost $4,000 higher than the national median.
The city particularly attracts young professionals because of its job demographics. Its employment spectrum mainly consists of graduates in management, business, science, and the arts curricula. A sprinkling of sales and administrative specialists complements this base.
Moreover, Concord offers workers a thrifty commute time of 23 minutes on average, far better than the average for cities of its size.
Concord has attracted its share of retirees as well—being named as best place to retire in 2007 by U.S. News. According to the article, the idyllic lifestyle, coupled by picturesque surroundings and an abundance of activities that even seniors can enjoy, seals the deal for many retirees. Even now, the city charms tourists and residents alike with its warmth, elegance, and grace to make it the fastest growing city in New Hampshire.
How to Win the Bidding War
Moving to and living in Concord, NH is definitely worth the effort. Unfortunately, the low inventory of homes for sale in Concord NH equates to a competitive buyer environment. In short, bidding is fierce right now. In this type of environment, it is best to be the first one to offer a reasonable price to the seller. If you are afraid of going over your allotted budget, you can always include an escalation clause which explicitly states how much money you are willing to offer for the particular home.
Buyers who can offer cash up front also gain an inside track in such a competitive atmosphere. Like in every other situation, the other party will appreciate the certainty that they will indeed be paid in full with cold, hard cash (or a manager’s check—whichever works). As much as possible, consult with your exclusive buyer’s agent. Such agent will serve your best interests solely—another plus in an super-active bidding arena.
Buying one of the available Concord NH homes for sale may seem like a dream, but not impossible if you use the right strategies. Hire an exclusive buyer’s agent to make it easy to find the home you want. Give us a call at Buyer’s Option Realty Services for a no-obligation consultation. 603-881-3800.