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.

MV Realty Scam

In real estate, the ethical standards we uphold not only define our business practices but also cultivate the trust we establish with our clients. The recent legal challenges faced by MV Realty in Florida highlight crucial aspects of transparency and fairness in real estate transactions. This blog post explores the implications of the MV Realty lawsuit for the industry and underscores the critical role of due diligence in protecting both agents and homeowners.

The MV Realty Case: An Overview MV Realty, known for its unique homeowner benefit agreements, is embroiled in a lawsuit filed by the Florida Attorney General. The company is accused of deceptive practices by securing 40-year contracts with homeowners that require a 3% commission from any…

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Coastal Town

In the span of over two decades, Connecticut's coastal towns have painted a picturesque scene of New England charm and scenic waterfronts. However, beneath the surface of these idyllic communities lies a growing concern: the rising tide of housing prices, surging far faster than their residents' incomes.

#ConnecticutCoast #HousingMarket #EconomicTrends

Over the last 23 years, data reveals a trend that could reshape the fabric of towns like Stonington, Darien, and New Haven. While median household incomes have seen modest growth, median selling prices for homes have soared, in some cases, to more than double the income growth percentage.

#AffordableHousing #IncomeGrowth #RealEstateTrends

In Stonington, for example, incomes have risen by…

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No Show

In the whirlwind of our daily lives, we often find ourselves meticulously planning every minute, leaving little room for spontaneity. However, life has a funny way of throwing unexpected curveballs our way, such as last-minute cancellations or no-shows. While these moments may initially be met with frustration or disappointment, there's a hidden beauty in embracing them. Let's explore how unexpected cancellations and no-shows can be opportunities for personal growth, self-discovery, and a fresh perspective on life.

1. Unexpected Free Time

Cancellations open up a slot in your schedule that you didn't anticipate. Instead of viewing this as time wasted, consider it an opportunity. This newfound free time can be used for self-care, pursuing hobbies…

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Top 5 Pre Commercial Sale Factors

Maximizing Long-Term Value in Real Estate and Business Sales: Top 5 Strategic Mistakes to Avoid

By Tim Bray, Broker/Owner, Seaport Real Estate Services

Hello, I'm Tim Bray, the broker/owner of Seaport Real Estate Services and a graduate in Real Estate & Urban Economics from UConn. Through my years of experience, I've seen how focusing on short-term gains can lead to long-term challenges in real estate and business sales. Let's explore the top five strategic mistakes to avoid for maximizing long-term sale values.

1. The Pitfall of Underreporting Income Underreporting income, particularly through cash transactions, may offer short-term tax benefits, but it drastically reduces your property's perceived profitability and legal standing. Accurate…

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"Have you ever found yourself in a debate where winning seemed less important than maintaining peace?" 

Better to let a fool win a debate than to lose your peace. Wisdom lies in choosing your battles.

Peace

In today's increasingly polarized world, where opinions and beliefs often clash with high intensity, the value of preserving relationships and inner peace becomes paramount. This perspective is not just about avoiding conflict; it's about recognizing the deeper importance of human connections and personal well-being over the fleeting triumph of winning an argument.

The Cost of Winning at All Costs:

  1. Relationship Strain: Insisting on winning an argument, especially on sensitive topics, can strain relationships. Friends, family members, and…

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In the world of commercial real estate, the Debt Service Coverage Ratio (DSCR) is a critical metric that plays a pivotal role in the refinancing of properties. A DSCR lower than 1.2 often signals trouble, and recent trends across the country have shown an alarming 602% increase in properties grappling with this issue. However, the impact is not uniform across the board, as we'll see in the case of Connecticut, particularly in New London County.

National Context: Nationally, the picture is stark. In just the last 30 days, properties in distress have skyrocketed from 5,562 to a staggering 33,495, covering about 1.5 billion square feet of space. This surge reflects a significant shift in the commercial property landscape, indicating a broad-scale…

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Commercial Mayhem

Alarm bells are ringing nationwide due to concerns about commercial loan defaults. Unlike residential loans, commercial loans typically operate on a non-recourse basis, allowing borrowers to simply return the keys to the bank if they can't meet their obligations. These loans usually reset every 3-5 years, and many that originated around 2018 are approaching this critical period. The prevailing concern is that numerous commercial properties won't produce sufficient cash flow, leading to a wave of defaults and property surrenders.

Thanks to data from my former company, CoStar Group, I am well-positioned to monitor the situation. Across the country, there are 1,661 properties that are either in default, bank-owned, or undergoing the foreclosure…

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Property Insurance

The growing ferocity and frequency of extreme weather events, tied intrinsically to the rapidly changing climate, have sent shockwaves through sectors that once thrived on predictability and historical data – notably, the insurance and housing markets. Jacob Bogage’s recent Washington Post article encapsulates the urgency and gravity of the situation, focusing on how major insurers are pulling away from covering the very natural disasters that are increasing in frequency.

Insurance companies, at their core, are in the business of evaluating and pricing risk. Historically, they've spread these risks across various geographies and disaster types, ensuring that catastrophic payouts in one region are balanced by calmer conditions elsewhere. However, as…

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We at Seaport frequently receive requests to assist in producing videos for neighboring enterprises. We take great pleasure in lending our support however we can. In the attached video, you'll see how my son Christian and I collaborated with Colony Video to generate media content for Vanquish Boats, a company based in New Port, Rhode Island. Not only was this a fantastic opportunity to strengthen our father-son bond, but it was also an incredibly fun experience.

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Crafted by an acclaimed housewright using the highest quality materials and bespoke finishes throughout, this remarkable estate is tucked away amidst the pristine wilderness that borders the tranquil Lieutenant River. It offers an unparalleled level of privacy and tranquility, with a rich tapestry of birdlife. The meticulously maintained grounds comprise formal gardens enveloped by woodlands, with no other signs of human habitation in sight – save for the occasional kayaker drifting by.

While this estate provides a haven for wildlife enthusiasts, its location is also convenient, being a mere seven-minute drive to grocery stores and I95 Exit 70, making it the perfect choice for commuters or city residents seeking the security of a second home. The…

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