Closing ~ Beginning or End of the month

It is very important to be strategic when writing an offer so that your goals and objectives are defined and met. Work closely with a reputable local lender to determine your strengths and weaknesses of a buyer. Closing at the beginning or end of the month can have financial advantages and disadvantages.

First, you must understand that mortgage interest on your mortgage begins accruing on the date that you close on your property. The majority of mortgages are due on the first day of the month. At the closing table you will pay (PITA) Principal, Interest, Taxes, and Insurance from the date of closing to the last day of the month. Please note that the majority of this payment goes towards the mortgage

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Masons Island ~ A Beautiful Coastal Paradise

Masons Island is one of southeastern Connecticut’s premier coastal communities that is located in Stonington, adjacent to downtown Mystic. Masons Island servers as a natural barrier between the Mystic River and Fishers Island Sound and is approximately 1.2 miles in length from North to South and .8 miles in width from East to West making it the largest island in the state. Its central location, equidistant from New York and Boston, offers visitors and residents a lifestyle like no other on the New England coast.

View up to the minute list of all available properties on Masons Island.

Masons Islands landscape is exquisite, diverse, and one with nature; offering sweeping views of two great

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5 years ago most real estate markets were thriving....all except for one. The commercial multi-family marketplace was taking a major hit. After all, anyone with a pulse could get a loan and purchase a single family home as opposed to renting. Vacancies were at an all-time high and many commercial apartment brokers were forced out of the market.

The recent paradigm shift has created huge opportunities for those who stayed in this segment of the market. As a potential homeowner it is now very difficult to get a loan. People who previously possessed good credit and owned huge homes are now forced to rent due to the loss of an income.

Commercial lenders have closed their wallets, put their feet on their desks, and are playing the waiting game. The

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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 in on the primary resident condo market as opposed to investment properties in Aspen 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 depreciation in

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While the economy in Mystic Country slowly recovers from this economic
debacle, we look to each other for signs of improvement. We often ask our sphere
of influence how business is going and believe that the answer will somehow act
as a road sign for what is to come or a litmus test of our own present success
level. For some reason there are always a few individuals in each trade who
consistently remain busy and the work continues to flow to them like a river to
the sea.   I pride myself in working with the best business people in our region.
These individuals have not only mastered their craft but they uphold a moral
code and desire to do what is right. Have you ever worked with someone who took
pride and ownership in their trade? A…

A recent article in The Day News Paper quoted an economist as says, “Connecticut housing has become
more affordable relative to residents' income, declining from a high of 5.4
times income to a current level of 4.2 times income - still about a point
higher than the national average.”

This was a great article and I think that it deserves a look. Click here
to view the article. We feel that the Mystic Country portion of CT is extremely
unique and must be analyzed independently form the remainder of the state.

Homes selling at 4.2 times income levels are not necessarily a great thing. If
we take a look at the Case-Schiller Index which states that equilibrium in a
perfect world is 3 times household income then we still have a long way to go.
Those figures become much

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