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.

NL County Appreciation

Investing in real estate is a significant decision, and understanding how property values have appreciated over time is crucial for both buyers and sellers. In this blog, we delve into 24 years of data from various towns in New London County, revealing average sales, typical home sizes, sales prices, and yearly appreciation rates. Join us on this insightful journey as we explore the real estate landscape of New London County.

1. Analyzing Appreciation Rates: Appreciation rates are a key indicator of a town's growth and desirability. Let's explore some noteworthy findings.

  • Stonington: With a staggering 9.89% average yearly appreciation rate, Stonington has been a lucrative market for homeowners and investors alike. Its charm and natural beauty…

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Search Engines

WARNING!!! 5 Hidden Dangers of Choosing Realtors from Leading Websites

It's important to acknowledge that many outstanding real estate professionals in the marketplace excel in research, valuation, and marketing. These dedicated agents work tirelessly to ensure their clients receive the best possible service and expertise. However, when searching for a realtor, some consumers may be tempted to use the convenience of top websites to find an agent, which might not always be the best approach.

While there's no doubt that some excellent realtors can be found on these platforms, relying solely on these websites might lead to potential pitfalls:

 There are several reasons why relying solely on them may not be the best idea, and here are five…

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In the first quarter of 2023, Fairfield County had 6 of the top 10 residential real estate sales in the state, totaling $29,315,000 out of the $69,597,777 sold. Litchfield County featured 2 of the top ten sales with a total of $4,600,000, while New London County had 1 sale in the top ten, amounting to $3,750,000.

Top 10 Luxury Homes: Connecticut's Prestigious Properties of Q1 2023
360 Laurel Hill Rd

1. 360-364 Laurel Rd, New Canaan - $5,995,000 A luxurious generational family compound with a sports complex, less than an hour from NYC.

 

2. 15 Parsonage Rd, Greenwich, CT - $5,995,000. A stately six-bedroom Georgian Colonial with an attached three-car garage and possible pool site. 


 
  3. 15 Blue Water Hill,…

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In recent years, the commercial real estate industry has seen a concerning trend where commercial brokerage firms opt not to offer co-brokerage commissions to buyers' agents. The withholding of these commissions can have significant negative consequences for property owners, buyers, and the industry's reputation as a whole. 

Adverse Impacts of Not Offering Cobrokerage Commissions

  1. Reduced Market Exposure

Cobrokerage commissions incentivize buyers' agents to bring their clients to a property, which expands the pool of potential buyers. By not offering these commissions, commercial brokerage firms limit the property's exposure to the market. This can lead to longer times on the market and, ultimately, lower sale prices.

  1. Lower Sale…

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Washing Machine and septic

Professionals in the real estate industry often face complex issues involving regulations and guidelines that impact their clients' properties. One such issue is the disposal of wastewater from washing machines into septic systems. To ensure the best outcomes for clients, real estate professionals must conduct thorough due diligence and vet the sources of information they rely on. The case of Tim Bray, broker/owner of Seaport Real Estate Services, highlights the importance of obtaining accurate information from reliable sources, especially when dealing with matters that can have significant consequences for homeowners.


Due diligence is the process of gathering and analyzing information to make informed decisions. This often involves researching…

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Value drive Real Estate

In today's fast-paced and competitive real estate market, many realtors are experiencing frustration with the current business landscape. The growing emphasis on marketing, lead generation, and sales tactics has overshadowed the fundamental principles of the profession: providing exceptional value and service to clients. However, there is a better way to succeed in this evolving industry by focusing on adding value to the consumer through extensive research, advanced valuation techniques, and personalized service rather than solely relying on marketing strategies and Lead generation. 

The Value-Driven Approach

At its core, the value-driven approach emphasizes the importance of understanding client's needs, preferences, and goals. This approach…

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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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