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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Groton Sub

Groton is a charming coastal town located in New London County, Connecticut, in the United States. This picturesque town is situated on the eastern shore of the Thames River and is home to a diverse community of residents. Groton offers a unique combination of natural beauty, historic charm, and modern amenities, making it an ideal place to call home for those seeking a laid-back, coastal lifestyle.

The lifestyle in Groton is relaxed and family-friendly, with a strong emphasis on outdoor activities and enjoying the natural beauty of the area. The town offers a variety of parks and nature preserves, including Bluff Point State Park and Haley Farm State Park, where residents can enjoy hiking, biking, and other outdoor…

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ADU


Accessory Dwelling Units (ADUs), also known as accessory apartments, in-law apartments, or granny flats, are small, self-contained residential units that are located on the same lot as an existing single-family home. In Connecticut, ADUs are allowed in some towns and cities, but not all.

ADUs are designed to provide affordable housing options for families or individuals who want to live close to their loved ones or generate additional rental income. These units can be attached to the main house or detached and can be used for a variety of purposes, such as rental income, multigenerational housing, or additional space for a home-based business.

In Connecticut, the state legislature passed a law in 2021 that requires all towns and cities to…

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AI Real Estate

Artificial Intelligence is expected to have a significant impact on the real estate industry in several ways:

  1. Improved Efficiency: AI tools can automate repetitive tasks such as data entry and analysis, speeding up processes and increasing productivity.

  2. Predictive Analytics: AI algorithms can analyze large amounts of data to predict real estate trends, helping agents, investors, and developers make informed decisions.

  3. Virtual Tours and 3D Visualization: AI-powered virtual tours and 3D visualization can provide a more immersive and interactive experience for potential buyers, making it easier for them to visualize properties.

  4. Smart Home Technology: AI-powered smart home technology can improve energy efficiency,…

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