Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Have you heard of the term “jingle mail?” It’s hipster lingo for someone mailing their house keys back to the bank and walking away from their home. A less amusing term is “ruthless default.” Calculated Risk has an interesting blog today that consolidates a few articles that cover a rising trend of people abandoning their mortgages and, subsequently, their homes. I saw an article last week that claimed that 10 to 15 million households may
The West End of Hartford will be hosting its 4th annual progressive dinner, the DineAround, this evening. The 180+ participants will begin the night by gathering at a home on Prospect Avenue for appetizers and drinks. From there, guests will proceed to one of 23 host homes where they will enjoy a lovely meal with 8-10 neighbors that they may or may not know. The evening is capped off by dessert at a home on
There is an interesting article in the New York Times today about a buyer in California that is suing her buyer’s agent. Marty Ummel believes that her real estate agent hid information that similar homes in a neighborhood were selling for less, in order to keep a deal together and retain his commission. There are a lot of things at play here; the real estate agent was also the mortgage broker (which to me seems
Oh Lordy. That was my reaction when I read the title of the Hartford Courant’s front page article on Sunday, Truth About Home Prices. Most troublesome were the comments posted online by Courant readers. I could feel the venom oozing out of my laptop. It seems like there are a number of misconceptions out there about seller concessions. A few observations after reading both the article and reader comments… 1. The MLS covering the Greater
As a continuation from yesterday’s West Hartford 2007 residential real estate review, here is the data for the Farmington Valley. Again, all data is for single family homes only that were listed and transacted in the Multiple Listing Service. I’m also including the current inventory levels which indicate how the market is currently doing. Historically, 0-3 months of inventory is a seller’s market, 3-6 months of inventory is a neutral market, and 6+ months of