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…

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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

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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…

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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…

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Cost Segregation

Looking to accelerate the depreciation schedule of your commercial building? There's a tax strategy that can do just that - cost segregation. It's like going through your closet and separating the designer pieces for a unique, more rapid depreciation treatment.

Cost segregation is the process of identifying and reclassifying components of a commercial building that can be depreciated over a shorter period, such as five, seven, or 15 years, instead of the usual long-term schedule. To make this happen, you'll want to enlist the help of a qualified cost segregation specialist, who will identify assets such as electrical, mechanical, and plumbing components that can be reclassified for faster depreciation.

But don't forget to consider the long-term…

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Networking Groups

Networking groups can be an excellent way to connect with like-minded professionals and build valuable relationships within your industry. However, it is essential to recognize the potential downsides of relying solely on these groups for your networking needs.

One potential disadvantage is the insular environment that can be created within a networking group. Members may primarily interact with each other and be less likely to seek out connections beyond the group. This can limit exposure to new ideas and opportunities from networking with a diverse range of people.

Additionally, networking groups can reinforce existing social hierarchies and limit access for those not already in the group. This can result in missed opportunities to connect…

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Stonington Borough

Located in the southeastern part of Connecticut, Stonington is a charming coastal town that has gained a reputation as a desirable place to relocate for both work and play. With its picturesque setting, quaint village center, and a range of outdoor recreational activities, it's no wonder that more and more people are flocking to this small town in search of a slower, more fulfilling lifestyle.

Here are just a few of the reasons why Stonington, CT, is such a great place to live:

Natural Beauty

Nestled along the shores of the Long Island Sound, Stonington is surrounded by natural beauty. The town features a variety of parks and nature preserves, including Barn Island Wildlife Management Area, Napatree Point Conservation Area, and DuBois Beach,…

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ADU

If you're a homeowner considering adding an Accessory Dwelling Unit (ADU) to your property, here are some things to consider:

1.    Local regulations: Be sure to research the local regulations and zoning requirements in your area to ensure that you are allowed to add an ADU to your property. Some towns may have restrictions on the size, location, or appearance of ADUs.

2.    Building codes: ADUs must meet the same building codes and safety standards as other residential units. It's important to hire a licensed and experienced contractor who can ensure that your ADU is built to code and is safe for occupants.

3.    Financing: Adding an ADU to your property can be a significant investment. Consider the cost of construction and any…

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ADU

While Connecticut state law requires all towns and cities to allow accessory dwelling units (ADUs) either by right or by special permit, individual towns and cities have the ability to create their own regulations and restrictions related to ADUs. As a result, some towns may not allow ADUs or may impose stricter regulations on them.

There are a variety of reasons why a town may not allow ADUs. One common concern is related to the potential impact on the character of a neighborhood or community. Some residents may worry that the addition of an ADU will change the nature of their community or that it will have a negative impact on property values. Other concerns may be related to traffic, parking, or overcrowding.

In addition, some towns may…

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ADU Examples


1.     Increased Housing Supply: ADUs create additional units within existing residential lots, which can increase the overall housing supply in a given area. This can be especially helpful in high-  demand areas with limited housing availability.

2.     Affordable Housing: ADUs can provide affordable housing options for low-income families, young professionals, and older adults who want to age in place. By creating smaller, more affordable units, ADUs can help address the affordability crisis that many communities are facing.

3.     Multigenerational Housing: ADUs can provide a solution for multigenerational families who want to live together but also value their privacy. By creating separate living spaces, ADUs can allow family members to…

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