Connect

Find us on...

Dashboard

Log in using...

Seaport Real Estate Group Blog

AUCTION PURCHASE OPPORTUNITY –  102 Town Woods Road Old Lyme, CT.  SALE TO BE AWARDED VIA ONLINE AUCTION PROCEEDING. BIDDING DATES OPENED TO QUALIFIED BUYERS FROM 08/16/2020 - 08/23/2020. Tim Bray and Jamie Molinares of Seaport Auctions and William Pitt Sothebys International Realty are jointly auctioning and marketing the property. Minimum bids starting at $1.5 Million with a Seller Reserve. SCHEDULE A SHOWING TO PREVIEW THE PROPERTY AND CONFIRM STATED INTEREST.

102 Town Woods

A virtual walkthrough of the property can be accessed by clicking here. 

Gated Estate located within the secluded countryside of Old Lyme. Quiet enclave nestled within an exclusive retreat with over 20 acres of land and privacy. Custom built, impeccably maintained 6,100+ square foot

529 Views, 0 Comments

To Secure the Listing and Blow Away the Competition

  • Sometimes It's a Deliberate Lie.
    As the seller interviews each agent, often the estimate of value creeps upward. Maybe the first agent knows there will be two other agents competing for the listing, so the first agent names an astronomical figure. The second agent, upon hearing the first agent's price, beats it. The third agent comes in higher yet.

A seller who chooses an agent based on which estimate is highest can oftentimes become the ultimate loser….but it is human nature to choose the agent who says they can fetch the highest price.

Almost every seller operates in this manner. To the defense of the Agent, sometimes they just “Don’t know what they don’t know”.  The traditional

311 Views, 0 Comments

Serving the Client 

 -The Process-

We are currently in the Advisory stage of consulting with a prospective client who has plans to list their home for sale. Before we can determine if this partnership is a good fit for both Client and Broker, we have some homework to do. Contrary to popular belief in the industry, one size does NOT fit all. Upon collecting all the pertinent data relevant to the property as well as the local market in which it is located, we perform the necessary analysis to ensure that our assessment of this opportunity is in alignment with the client's goals and expectations. Once this task is completed, we are guided by the necessary data to advise all potential clients on what we believe to be the wisest path forward to achieve

39 Views, 0 Comments

In an information age that floods society with excessive content, our focus tends to be diverted to less-tangible distractions, rather than the essential components of a sound game plan. As a result, our level of awareness can become clouded, compromising our ability to execute informed decisions when it comes to the purchase and sale of real estate. In an industry largely predicated upon “marketing”, we are left without concrete reasoning from which to discern the most productive path forward. Ultimately, we are left without the means to implement a calculated strategy that transcends “Sales” or being “Sold”. Add to this, a fiercely competitive playing field largely incentivized by a commission-based pay structure, it becomes easier to see how the

43 Views, 0 Comments

A Commitment to the Client 

For consumers in the market to buy or sell a home, the model has typically been a straight-forward process. Buyers and sellers contact a local agent to explore their options and sign an agreement. Whether they research and select a top local agent or contract a licensed relative, how they choose the agency that will assist them is of growing importance. In many respects, most traditional brokerages and their offerings are very similar. They all provide “million-dollar marketing”, an endless campaign of open houses, and a gratuitous handshake to affirm their corporate mission statement that says things like “helping you discover your dreams.” While this all sounds wonderful in theory, these dreams can become nightmares in the

187 Views, 0 Comments

The costs of owning a property go far beyond making a monthly mortgage payment. The costs of owning a home, especially by first time owners, can be a shock after realizing that owning a home is much more expensive than anticipated. 

Residential Carrying Costs are also known as “Holding Costs”  and can include the following:

  • Mortgage Principle

  • Mortgage Interest

  • Taxes

  • Insurances

  • Homeowner Association Fees

  • Costs of maintenance, upkeep, and upgrades

  • Utilities

It is important for homeowners to understand the cost of ownership and the impact on their discretionary income. Carrying Cost Calculators are important for potential buyers as well as helping sellers to determine the true costs

225 Views, 0 Comments

Unlike the stock market, where most people understand and accept the risk that prices may fall, most people who buy a house don't ever think that the value of their home will ever decrease.

The housing market, like other assets, is susceptible to unsustainable gains, and bubbles are formed over time even though many people feel it is a sure bet for growth.  That's because of the large transaction costs associated with purchasing a home, not to mention the carrying costs of owning and maintaining a home discourage speculative behavior. However, housing markets do go through periods of irrational exuberance.

This article will help to explain real estate cycles, triggers that cause them, and why consumers should be cognizant of the forces at play

74 Views, 0 Comments

Consulting vs. Selling (Advisory)

Our agents offer a consultative approach focused on client needs as opposed to the traditional “Buy & Sell” mentality that is offered by 99% of the real estate companies today. Our Buy Low, Sell High, Hold or Rent mindset empowers our clients to make decisions backed by current and historical data that is extremely difficult to find in the marketplace.

"Everything we do, we believe challenges conventional real estate logic, we believe in change, we believe in thinking outside of the box, and we believe in growth. The way we challenge the status quo is by conceiving & implementing proprietary systems backed by diverse educations, common sense, cutting edge technology, passion for people, and an intense desire to

40 Views, 0 Comments

So, you wanna buy a house….  It makes perfect sense. You’re pre-approved for financing, interest rates are at all-time lows, and everybody’s doing it. You’re tired of throwing rent money out the window and ready to start building equity in your own place. It is a great feeling when you realize you can finally buy your own home. Before you pull the trigger, let's make sure you’ve covered all the bases. 

Once you have set out to purchase a home, the baseline of this entire process should be centered around where you wish to buy. Not just geographically, but financially. The three words commonly referred to when discussing real estate are location, location, location. This age-old adage explains why certain areas out-perform others, attract the most

327 Views, 0 Comments

 

I am often being asked if I feel that Condo’s are particularly risky in these trying times. Let me shed some light on the condo market and try to help you make the best decision possible. I will focus on the primary resident condo market as opposed to investment properties in Luxury locations or on the ocean. Condos are built with a specific client in mind. Condo owners are typically first-time homeowners who have good credit, previously were renters, who wish to enter the housing market. They often times use the condo as a stepping stone into the single-family housing arena but can not afford to do so at this time. Or the condo owner enjoys the relatively maintenance-free lifestyle that a condo offers.

The risk in ownership and potential

1,684 Views, 3 Comments