Washing Machine and septic

Professionals in the real estate industry often face complex issues involving regulations and guidelines that impact their clients' properties. One such issue is the disposal of wastewater from washing machines into septic systems. To ensure the best outcomes for clients, real estate professionals must conduct thorough due diligence and vet the sources of information they rely on. The case of Tim Bray, broker/owner of Seaport Real Estate Services, highlights the importance of obtaining accurate information from reliable sources, especially when dealing with matters that can have significant consequences for homeowners.


Due diligence is the process of gathering and analyzing information to make informed decisions. This often involves researching…

269 Views, 0 Comments

The commercial real estate market operates within two distinct segments: off-market and on-market transactions. Each segment has its unique characteristics, advantages, and disadvantages, catering to different types of investors and property owners.


Off-market transactions refer to commercial properties that are bought and sold without being publicly advertised or listed on popular real estate websites like Crexi and Loopnet. These deals often occur through personal connections, word of mouth, or specialized brokers with extensive industry networks. Off-market properties may exchange hands before the general public becomes aware of their availability, offering several advantages: 

Less competition: Off-market transactions can allow…

222 Views, 0 Comments

Value drive Real Estate

In today's fast-paced and competitive real estate market, many realtors are experiencing frustration with the current business landscape. The growing emphasis on marketing, lead generation, and sales tactics has overshadowed the fundamental principles of the profession: providing exceptional value and service to clients. However, there is a better way to succeed in this evolving industry by focusing on adding value to the consumer through extensive research, advanced valuation techniques, and personalized service rather than solely relying on marketing strategies and Lead generation. 

The Value-Driven Approach

At its core, the value-driven approach emphasizes the importance of understanding client's needs, preferences, and goals. This approach…

200 Views, 0 Comments

Bridge Loan

Commercial real estate projects can be a lucrative investment opportunity for those who are willing to take on the associated risks. While financing options for these projects vary, bridge loans are often used to cover the gap between the initial investment and the eventual long-term financing. However, recent trends in the market have shown a rise in bridge loans with radically lower interest rates than the current rate. This may seem like an excellent opportunity to save on interest costs, but it poses significant risks to investors and lenders alike.

First, it's essential to understand what a bridge loan is. A bridge loan is a short-term loan used to finance the gap between the purchase of a property and long-term financing. Typically, these…

236 Views, 0 Comments

AVM

Automated Valuation Models (AVMs) have become increasingly popular in recent years as a tool for estimating property values in the real estate industry. These models employ algorithms and vast amounts of data to generate property valuations quickly and efficiently. While AVMs may offer several benefits, including reduced costs and faster processing times, they are not without their drawbacks. 

 

Limited Data and Data Quality

One of the primary reasons AVMs can be prone to errors is the quality and availability of data used in the valuation process. AVMs rely on historical sales data, property characteristics, and local market trends to generate valuations. However, the data available may not always be accurate, complete, or up-to-date.…

231 Views, 0 Comments

Noank Village

Congratulations, Noank! As if we needed more proof that this coastal village is nothing short of spectacular, it has now been ranked the #5 best place to live in Connecticut by Niche.com. As a haven for work, play, and relaxation, Noank truly has it all. In this blog, we'll delve into the irresistible charm of Noank and discover why it's the perfect place to create a life you'll love. #NoankCT #BestPlaceToLive


A Work-Life Balance Like No Other

In today's fast-paced world, finding the ideal work-life balance can seem like a Herculean task. But in Noank, it's not only achievable – it's practically a way of life. With its quaint village charm and easy access to larger cities like New London and Groton, Noank offers the best of both worlds. The…

186 Views, 0 Comments

Man Thinking

In the world of real estate, there's a pervasive belief that it's always a good time to buy and sell property. However, the truth is that's not always the case. In fact, sometimes, it's in a client's best interest to hold off on buying or selling real estate altogether.


Now, I know this might sound counterintuitive coming from a real estate professional, but hear me out. As someone who's been in the industry for years, I've seen firsthand the consequences of clients making hasty decisions based solely on the belief that they need to be in the market.


The reality is that the market is constantly changing, and sometimes it's not in a client's favor. While there may be an overall trend toward buying or selling, it's important to take a closer…

159 Views, 0 Comments

Looking to navigate the complex world of real estate transactions? Look no further! Our comprehensive guide outlines the entire residential real estate process from start to finish, including deal flow and purchase and sales contracts. With our video presentation and downloadable flowchart, you'll have all the insider knowledge you need to succeed in the real estate industry. Check it out now!Cover

YouTube: https://www.youtube.com/watch?v=W9U-rO4CcjE Website: https://www.seaportre.com/real-estate-flowchart.php

156 Views, 0 Comments

Buyers Remorse

It's not uncommon for buyers to experience feelings of regret and remorse after purchasing a property, and there are various reasons why this may occur. Suppose you are part of the 75%. In that case, you should find peace in knowing that many people just like you did not ask the right questions of their advisors, including real estate professionals and lenders, who should have supplied you with enough information to make a good decision. 

One potential cause of remorse is overpaying for a property. In today's competitive market, buyers may feel pressured to offer more than they can afford to secure their dream home. It's understandable to feel regretful if they realize later that they overpaid for the property.

Another reason why buyers may…

328 Views, 0 Comments

Attention everyone! As a buyers agent, I'm excited to announce that I recently closed a deal on 5 Stonewall Road in Salem CT! This stunning and quality contemporary 3 bedroom and 2 full bath ranch was in a desirable neighborhood, and I was able to get it under contract for my buyer within 24 hours of going active on the market.

One of the keys to this successful sale was keeping a close eye on new listings coming to the market and being aggressive and creative in writing the offer. This allowed us to get this property off the market before other buyers had a chance to beat our offer out.

This property was a true gem, with a formal dining room featuring beautiful crown molding and an 11 ft ceiling, a spacious living room with plenty of windows and a…

265 Views, 0 Comments