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All Blog Entries by Tim Bray

The thoughts, beliefs, and view points of this blog are not coorelated to those of William Pitt or Sotheby's International Realty

Found 12 blog entries published by Tim Bray.

Salespeople are typically focused on being transactional and closing more deals. Fiduciaries use a consultative approach, putting a client’s best interest in mind even if it means disclosing info that will kill a deal. Fiduciaries won’t place their commissions before your best interest. Unfortunately, many agents in our market are experienced at selling themselves. The real estate industry over the years has become less about the customer and more about the number of transactions an agent closes.  Some of the blame can be directly correlated to real estate coaching which has become big business and focuses on “Closing the Deal” as opposed to solving a client’s problem.  Big Real Estate coaching companies train agents to become adept at answering common

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Time Kills Deals - Do Your Research

 

Real Estate Raw&Uncut is for: Realtors, Agents, Buyers, Sellers, Brokers, Attorneys, Lenders, or just anyone that wants it "REAL" in REAL ESTATE! No hidden lies, none of that Realtor "fluff", no TV drama, no media BS... only the cold hard truth which we deliver unscripted and unfiltered with a new episode every week.

Episode 185: Chances are very good that your seller will receive much less in the long run for an overpriced property than if the property was priced correctly from the start. Most people accept and understand this concept. What many do not recognize is that knowing your product prior to listing can prove to be instrumental in getting the deal done. It is imperative that you have the

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Seaport Real Estate Group of William Pitt Sotheby’s International Realty and two local reputable lenders will be hosting an informal open discussion regarding the current real estate market and if it is the right time to buy, sell, hold or rent. Get answers to your questions and find out if you are eligible for $1,500 towards closing costs and a 10% rebate of the agent’s commission to be paid outside of closing.  Only those individuals attending or registering for this event will be eligible for the rebate and credit.

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This event will be held at Divine Wine at 275 West Main St in Niantic. Ken Turcotte, Owner and wine educator will graciously be hosting and speaking about wines as well.  This deal will only be offered to the first 25 buyers and

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Noank Village is not just a wonderful place to own a home, it is a special place to live. There is a quality of life and a quality to life here that is unmatched. Situated on a peninsula at the mouth of the Mystic River, the sun reflects off the water on three sides giving the village a special glow. Noank is also imbued with a unique community spirit that shines forth in the longest running continues annual Memorial Day Parade (since 1875) and the annual Holiday Carol Sing and Tree Lighting at the park.

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Noank’s history is reflected in the beauty of its homes. Because surrounding deeper waters were advantageous for shipbuilding, Noank developed several thriving wooden shipbuilding yards during the 19th century, including one of the largest in the

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Over the last 6 years we saw rates on mortgages fall to a level not seen before. In 2007 the average rate for a 30 year fixed rate mortgage was 6.25%. In the Spring of 2013 that rate had fallen to an average of around 3.5%.  Let’s take a look at what that payment difference was in dollars on a $160,000 mortgage (all examples below are calculated based upon principal and interest payments only; tax and insurance escrows are not included):

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Rate                 Monthly Payment                             Payment Difference                          % Change in Dollars

                                                                                                                               

6.25%                    $ 985.15

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(Written by Bob Ruth) The first step in buying a home is deciding how much of a payment you can afford. This is usually done with the help of a loan officer who will try to get you pre-qualified for the necessary financing to buy a house. Getting pre-qualified before you go and look at houses is the best option in my opinion for 3 reasons :


1 -  You'll go out knowing how much you can afford which saves time.

2 – You’ll be less likely to look at houses that are beyond your ability to purchase...nothing is worse than falling in love with a house only to find out that you cannot get the financing because it is beyond your means financially.

3 -  The Realtor will be able to negotiate more effectively for you due to the fact that you can tell

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Tim Bray of Seaport Real Estate Group @ Sotheby’s International Realty utilizes his extensive real estate background and 4-Year Degree in Real Estate & Urban Economics to explore the housing debacle and document unprecedented gains in home values across the country. Tim puts the housing fundamentals to the test and debunks some theories that populations were increasing, annual Incomes were increasing, and the supply of real estate lagged growth.

Tim looks at the cause of the crash and sets the stage for where the market is going and how it will impact everyone in this country. Please watch these videos in order as each one is thought provoking and builds on previous videos.

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 VIDEO 1 - The Debacle  (1:14)

 

 

 

 

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Which waterfront community will you choose?

Seaport Real Estate Group actively tracks over sixty waterfront communities along the Connecticut Shoreline from the seaports of Stonington to the beaches in Branford. Each of these communities offer unique attributes, amenities and property types that cater to the lifestyles of its residents. For more information about Waterfront Communities & Shoreline Properties for sale in southeastern Connecticut please visit Seaport Real Estate Groups Shoreline Guide.

Find the Perfect Home at the Right Price 

When buying a home it is important to determine exactly what you want and need in order to make smart decisions. But, a waterfront home is not just any home. Special considerations need to be taken to ensure

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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

1,563 Views, 2 Comments