Found 37 blog entries tagged as Real Estate.

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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Stonington Borough is a charming coastal town located in the southeastern corner of Connecticut. The real estate market in Stonington Borough is known for its mix of historic homes and waterfront properties, situated between many local businesses, shops, and restaurants.

One of the biggest draws of the Stonington Borough real estate market is its waterfront properties. The town is situated on the Long Island Sound and has several marinas, making it a popular spot for boating and water activities. Many homes in Stonington Borough offer spectacular waterfront views and have easy access to the water. These properties can be quite expensive, but they offer a unique lifestyle and a chance to enjoy all the water activities.

The town also has a…

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Both Zillow and realtors can provide valuable information for buyers and sellers in the real estate market. However, the reliability and accuracy of the information provided by each may vary.

Zillow is a popular website that provides real estate information, including home value estimates (Zestimates) and property listings. Zillow's data is crowdsourced, meaning it relies on users to provide information, which can lead to inaccuracies. Zillow's Zestimate algorithm may not take into account certain factors that would affect a home's value such as the condition of the property, updates and renovation, location, and market conditions. Zillow Zestimate is considered a starting point to get a rough idea of a home's value, but it's not a substitute for…

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Finding the right real estate agent can make a huge difference when it comes to buying or selling a home. A good agent will have the knowledge and expertise to guide you through the process and help you make informed decisions. But with so many agents to choose from, how do you find the right one for you? Here are some tips to help you find a great real estate agent.

  1. Look for an agent with experience in your area. An agent who is familiar with the local market will be able to give you valuable insight into the neighborhoods, schools, and amenities that are important to you. They will also be able to help you find homes that meet your specific needs and preferences.

  2. Look for an agent with a good reputation. Ask friends, family, and…

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title insurance

What is title insurance?

Traditional insurance policies protect insureds against future losses. For example, a car insurance policy will protect the driver from future accidents, and a health insurance policy will protect an insured from future health problems. However, title insurance is different because it protects insureds against claims for past occurrences.

Who does title insurance protect?

Two different types of title insurance exist. A real estate owner can choose to purchase title insurance, and lenders can elect to do so. Lenders will require title insurance by mortgagors to secure their security interest in the property. Furthermore, a property owner will purchase title insurance to protect their investment in their property.

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How to prepare for your home inspection

Home Inspection

So, you’ve listed your home, found a buyer, and accepted a purchase price. The sale of your house is almost a done deal, but it’s not quite time to pack the moving boxes yet – you still have to make it through the home inspection.

In a typical real estate transaction, the home inspection occurs after the buyer has signed a purchase agreement and before the final closing date. Most home buyers choose to make the closing contingent on the results of the home inspection, meaning that they can back out of the sale if the inspector finds something that is not to their liking and the seller is unwilling to repair it or lower the purchase price to account for it. As a seller, you will want the home inspection to…

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Sometimes, as much as I prioritize self-awareness and looking inward, I still manage to surprise myself with a struggle I don't see coming. My recent focus on building up my Real Estate career has shown me some flaws in my perception of work, and specifically my own self-worth regarding the type of work I'm doing. 

I make stuff; welding and metalworking, woodworking, I make furniture and fixtures, I repair machinery and motors. I absolutely love it. What brought me back to Real Estate and drives me to keep at it is its ability to let me hold on to all those things I love as hobbies. I find that supporting my family by building things doesn't allow me to take joy from it like I did before I went into business for myself. Enter Real Estate, it…

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Volatility Appears to Be the ‘New’ New Normal  

Over the past few weeks, we have been witnessing a significant change in the financial landscape in the United States. During this time, we have seen the stock market come down from its recently achieved historic highs. As the price of stocks has decreased, the value of investors' portfolios, and 401K accounts, have been impacted.  

  • Whether this is a short-term or a long-term phenomenon remains to be seen.

  • The reality is that the rapid run-up in market valuations since the election in 2016 occurred much faster than is normal, and therefore the likelihood of a correction has been anticipated for some time.  

  • What had not been anticipated, or widely understood is the swiftness…

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Up, Up, and Away!!!

By Buddy Kane

 

 

It’s a bird… It’s a plane… It’s another inflating real estate bubble!!! Hello sports fans. Its BK with another public service announcement on what we’re seeing on the ground. Today we’re going to talk about cash buyers, fierce competition, and a small measure of professional etiquette. Once a rare breed, cash buyers are now much more commonplace, armed with the liquid resources to prevail in current bidding wars for what little inventory remains. In the current market, if you’re not bringing cash, good luck. Within the most affordable price ranges, it used to be that first time home buyers were in direct competition for starter homes with --- well, other first time home buyers. This is no longer the…

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1. Too 'Hungry'

Agents need to tell their clients the truth, even when that truth is difficult to hear. Failure to do that is not representing clients at the highest level of integrity. If they are too “hungry” that they will sell you anything, they are not looking out for the client's needs. 

2. Rushed

I would avoid the agent who is always in a hurry and doesn't have time to focus on your needs. A person who is only focused on landing the sale may not be good for a long-term relationship and creating value for the customer. It’s best to know your priorities and choose a broker who matches them.

3. Overly Pushy

As real estate professionals, we are entrusted with the honor of guiding our clients through one of the most significant…

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