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All Blog Entries by Tim Bray

The thoughts, beliefs, and viewpoints of this blog are my own and not correlated to those of Seaport Real Estate Services.

 

 

Found 24 blog entries published by Tim Bray.

 1. Peer Pressure

“Everyone else is doing it” does not mean that it is a good reason to buy.

2. Short Term

If you know that you will be moving in less than five years then renting may make more sense.

3. Low Inventory

This pushes prices higher than maybe in the summer when there is more inventory.

4. Job Loss

If there is any chance that you will be laid off for an extended period of time, then now may not be the time to buy.

5. Market Swings

If there is any chance that you will be laid off for an extended period of time, then now may not be the time to buy.

Reach out to one of our agents to see if it's a good idea for you to buy or rent. 

 

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WHIPPOORWILL HORSE FARM

-Old Lyme-

 

New to Market – Formerly known as the McCulloch Horse Farm, 100 Whippoorwill Rd in Old Lyme has been offered up for sale by Seaport Real Estate Services in an Auction proceeding. This method will be administered through an online bidding process that takes place over the course of 30 days. Contrary to a traditional brokerage sale, an Auction approach positions the initial offering price significantly lower than the current fair market value. This incites a heightened level of demand, creates a competitive environment, attracts multiple buyers, and drives the price of the property up rapidly over a pre-determined period of time. All necessary due diligence on behalf of interested buyers is performed prior to

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The Cookie Thief

By Valerie Cox

 

A woman was waiting at an airport one night,
With several long hours before her flight.
She hunted for a book in the airport shops.
Bought a bag of cookies and found a place to drop.

She was engrossed in her book but happened to see,
That the man sitting beside her, as bold as could be.
Grabbed a cookie or two from the bag in between,
Which she tried to ignore to avoid a scene.

So she munched the cookies and watched the clock,
As the gutsy cookie thief diminished her stock.
She was getting more irritated as the minutes ticked by,
Thinking, “If I wasn’t so nice, I would blacken his eye.”

With each cookie she took, he took one too,
When only one was left, she wondered what he would do.
With a smile on his

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Simply stated, a Mill Rate is the adjustable measure that calculates how much the tax man collects from you on an annual basis. The concept itself is easily understood.

However, more insight is necessary to identify and understand the underlying, and often unforeseen market forces that can drive YOUR Mill Rate up or down, saving or costing you more money in taxes, depending upon where you choose to buy a home.

Note that each town imposes a different mill rate depending upon that town's grand list and how much revenue they must generate to cover their yearly costs. 

“A mill rate is equal to $1 in taxes for every $1,000 in assessed value. To calculate your tax based on your mill rate, divide your assessed value by 1,000 and multiply the

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182 Pearl

Lifestyle Property. Exceptional, Morgan Point, west-facing waterfront home located at the mouth of the Mystic River with a protected deep-water dock and mooring.  Enjoy unobstructed ocean views from almost every window of this 5-bedroom 5.5-bathroom contemporary with open concept living. Well-appointed features include hardwoods, new stainless-steel appliances, oversized 3 car garage, three magnificent fireplaces, dual laundry locations, master bedroom suite with steam shower, radiant bathroom floors and whirlpool tub, balcony, spacious basement with exercise room and potential to expand. Boat, fish, swim and clam off from the 100’ Southwest facing seawall and beach. Morgan point is located at the tip of Noank Village, a quaint seafaring community,

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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

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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

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