235 Farmington Avenue, Hartford

This super two-level condo is conveniently located in Asylum Hill; close to Saint Francis Hospital, the Culinary Institute, Aetna, and Downtown. This home offers 2 bedrooms and 1.5 baths over 1,341 square feet.

235 Farmington Avenue, Hartford

The formal living room has hardwood parquet flooring, a wood burning fireplace, and opens to the dining room. The dining room is nicely sized and exposed brick adds warmth. An updated galley kitchen provides plenty of storage space with numerous cabinets and a pantry. The first floor also has an oversized master bedroom with double closets and a remodeled full bath. An additional remodeled half bath completes the first floor.

The lower level has a second large bedroom with tiled floor and exposed brick, the laundry room, and abundant storage space.

Central air, a private covered deck, and carport make this a great buy for a first time homebuyer or someone looking to take advantage of city living. Condo fees are reasonable at $275 a month.

235 Farmington Avenue is offered at $145,000. If you’d like to see this condo, please have your agent set up a showing, call me at 860-655-2125 to schedule a visit, or visit the open house scheduled on April 11 from 1:00pm-3:00pm. Both floor plan and photos are available.

Home Buying Workshop – Saturday, March 6th

Slow down, there's a house for sale!Are you considering a home purchase this year? Would you like to learn more about the home buying process? Do you know someone else in the market who might like more information?

This Saturday, March 6th, from 1:00 – 3:00, we’re leading a home buying workshop (which includes a mortgage broker) to help get buyers started and to answer questions. The event will be held in conjunction with the Connecticut Home & Remodeling Show at the Convention Center.

It will be an interactive session, with topics on the agenda like:
– Wants versus Needs
– The Home Purchase Process
– Who is Involved in the Purchase?
– Irrational Things Some Buyers Do
– Mortgage Programs
– The Mortgage Application Process
– The Home Buyer Tax Credit
– Five Things You Need to Get Right
– And more!

The workshop is sponsored by the MetroHartford Alliance’s Hartford Young Professionals & Entrepreneurs group. Registration is $5 for HYPE members and $15 for non-members, everyone is welcome. All attendees will receive a ticket to attend the Connecticut Home & Remodeling Show, which will be open on Saturday from 10:00 – 9:00 and Sunday from 10:00 – 5:00.

Join us to talk about the purchase process, the current mortgage environment, and then check out the Home Show to see all the exhibits. It should make for an interesting afternoon – hope to see you there!

PS- There are two home shows in town this weekend, which is confusing. This event will be held at the new Convention Center on Columbus Boulevard in Downtown Hartford.

Reflections on Greater Hartford's Real Estate Market

This real estate market really has me scratching my head.

In the past two days, I have been in two multiple offer situations with different buyers. In each case, my buyers “won,” but of course it was a stressful time for my clients and me. The first house was on the market for 3 days. The second house was on the market for 1 day. The houses were in different towns. We found two properties that were priced realistically.

Right now, just about everyone thinks the real estate market is sucking. The national news media says it’s sucking. The local news media says it’s sucking. But for some people, it’s not sucking. Sellers can and do price their homes realistically in some cases. They take the advice of their real estate agent and do not have pie-in-the-sky ambitions about what their home is worth. Their houses sell quickly and they move on with their lives.

On the other hand, some buyers think they can automatically offer 10%-15% off the asking price of a home. It does not matter what advice their agent gives, they hear the market is sucking and they want to get a deal. They love deals.

Unfortunately the lowball strategy does not always work. In fact, often times it just upsets and insults the seller and they will not respond. Agents are working hard to try and get buyers and sellers to talk in this type of situation, but sometimes it’s just not worth it. If a buyer does not seem serious about a property, and the seller is not desperate, it may be to the seller’s advantage just to tell the buyer to go away.

I’m finding that I am spending a lot of time these days doing market analyses on different houses. I’m trying to price them realistically for sellers and help buyers understand if the houses they’re interested in are priced fairly. There are no gross generalizations that every house is overpriced. If I were to take that philosophy, my two recent buyers would not be progressing towards closing on houses that meet their needs.

If you’re a buyer out there, take some time and listen to your agent’s advice. You decided to work with them for a reason, respect the advice they’re giving you. And if you can’t respect the advice they’re giving you, maybe it’s time to find a new agent. Or maybe it’s time to stop looking for a house. If you’re a seller out there, take heed, if you price fairly, there will be a buyer (or maybe more than one) that finds you. And you can begin moving on to your next home.

And here we go…

Welcome to the Neighborhood!

I’m going to use this space to share my thoughts about real estate in and around Hartford, CT. I would definitely like to interact with readers to see what folks have on their minds, so please post your thoughts and questions.

Rather than going through my background here, I’m going to send you over to my main site, AmyBergquist.com, where you can find more information about me and more importantly about buying and selling homes.

Finally, I’m going to try to post regularly, so check back often to see what’s new. Pages will also be added to the main site as I continue to develop content that is hopefully interesting and useful.

Thanks again for visiting!