Tim is a trusted Real Estate Advisor and leader at Seaport Real Estate Services. In addition to 17+ years of professional experience, Tim is only 1 of 2 agents in the region with a 4-year degree in real estate and urban economics. While earning the distinction of top 5% in sales volume in the area, Tim has built a clientele both locally and internationally without parallel. He has attracted these clients with a unique combination of service, integrity, and hard work. With Tim, you will find a person who listens to your requirements and develops a personalized plan to achieve your goals. In short, Tim represents sellers and buyers in the most desirable areas of Southeastern Connecticut with skill, marketing savvy, dedication, and the highest degree of professionalism.

Bridge Loan

Commercial real estate projects can be a lucrative investment opportunity for those who are willing to take on the associated risks. While financing options for these projects vary, bridge loans are often used to cover the gap between the initial investment and the eventual long-term financing. However, recent trends in the market have shown a rise in bridge loans with radically lower interest rates than the current rate. This may seem like an excellent opportunity to save on interest costs, but it poses significant risks to investors and lenders alike.

First, it's essential to understand what a bridge loan is. A bridge loan is a short-term loan used to finance the gap between the purchase of a property and long-term financing. Typically, these…

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AVM

Automated Valuation Models (AVMs) have become increasingly popular in recent years as a tool for estimating property values in the real estate industry. These models employ algorithms and vast amounts of data to generate property valuations quickly and efficiently. While AVMs may offer several benefits, including reduced costs and faster processing times, they are not without their drawbacks. 

 

Limited Data and Data Quality

One of the primary reasons AVMs can be prone to errors is the quality and availability of data used in the valuation process. AVMs rely on historical sales data, property characteristics, and local market trends to generate valuations. However, the data available may not always be accurate, complete, or up-to-date.…

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Man Thinking

In the world of real estate, there's a pervasive belief that it's always a good time to buy and sell property. However, the truth is that's not always the case. In fact, sometimes, it's in a client's best interest to hold off on buying or selling real estate altogether.


Now, I know this might sound counterintuitive coming from a real estate professional, but hear me out. As someone who's been in the industry for years, I've seen firsthand the consequences of clients making hasty decisions based solely on the belief that they need to be in the market.


The reality is that the market is constantly changing, and sometimes it's not in a client's favor. While there may be an overall trend toward buying or selling, it's important to take a closer…

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Looking to navigate the complex world of real estate transactions? Look no further! Our comprehensive guide outlines the entire residential real estate process from start to finish, including deal flow and purchase and sales contracts. With our video presentation and downloadable flowchart, you'll have all the insider knowledge you need to succeed in the real estate industry. Check it out now!Cover

YouTube: https://www.youtube.com/watch?v=W9U-rO4CcjE Website: https://www.seaportre.com/real-estate-flowchart.php

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Buyers Remorse

It's not uncommon for buyers to experience feelings of regret and remorse after purchasing a property, and there are various reasons why this may occur. Suppose you are part of the 75%. In that case, you should find peace in knowing that many people just like you did not ask the right questions of their advisors, including real estate professionals and lenders, who should have supplied you with enough information to make a good decision. 

One potential cause of remorse is overpaying for a property. In today's competitive market, buyers may feel pressured to offer more than they can afford to secure their dream home. It's understandable to feel regretful if they realize later that they overpaid for the property.

Another reason why buyers may…

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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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