Found 36 blog entries tagged as Real Estate.

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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 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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The Growing Gap between Price and Value 

YEAR-END REVIEW

Breaking News: Residential Real Estate markets are on fire. Thank you Captain Obvious. No matter the cause, this is always newsworthy in and of itself. What makes this story especially compelling is the fact that it is being written in the middle of a global pandemic with jobs being lost and a larger economic contraction forthcoming. The short answer that explains this recent phenomenon is simple: city dwellers are fleeing concentrated, highly populated areas, and suburban markets are reaping the benefits of their relocation and ability to now work from home. Add to this, historically low-interest rates, fiscal stimulus, and a lack of grounded market awareness, it becomes easier to explain…

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Recent market data tells the real story

Local news sources have been reporting on the positive impact of interstate migration funneling new residents into CT as a distancing measure related to Covid-19. With interest piqued by these developments, we did some research as an attempt to measure the benefits of this peripheral good fortune. What we found is not exactly in alignment with local reporting. 

Channel 3 WFSB 

CT Post

NBC CT 

The Hartford Courant

While it is encouraging to see an influx of newcomers take residence within the nutmeg state, it’s important to note the number of residents currently leaving the state still outnumbers those coming in at this time, rendering an effective net loss in the state’s population and its…

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So, you wanna buy a house….  It makes perfect sense. You’re pre-approved for financing, interest rates are at all-time lows, and everybody’s doing it. You’re tired of throwing rent money out the window and ready to start building equity in your own place. It is a great feeling when you realize you can finally buy your own home. Before you pull the trigger, let's make sure you’ve covered all the bases. 

Once you have set out to purchase a home, the baseline of this entire process should be centered around where you wish to buy. Not just geographically, but financially. The three words commonly referred to when discussing real estate are location, location, location. This age-old adage explains why certain areas out-perform others, attract the most…

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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 on the primary resident condo market as opposed to investment properties in Luxury locations 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…

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17 HANCOX ST – STONINGTON, CT

Located within the Stonington Borough, this 15-unit apartment building boasts of long-term full occupancy attributed to its shoreline village atmosphere with direct proximity to local shops, restaurants, and recreational attractions within walking distance. 

The property was placed under contract after being on the market for less than a week. With multiple offers submitted, a full price bid was secured and fortified with backup offers as well as further inquiries accrued over the span of the contract period until the date of closing.

Demand for multi-family properties (4 units or more), appears to have spiked over time, fueling speculation that this very demand could be linked to the affordability of home prices…

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