220 Slater Road, New Britain

I recently listed this nicely maintained 3 bedroom, 2 bath raised ranch in New Britain. The home is located in the Gaffney elementary district. This property offers 1,668 square feet of living space on two floors, on a .23 acre lot. Inside you’ll find neutral decor, beautiful hardwood floors, a combination Living Room/Dining Room, a kitchen with eat-in space, and a large family room in the lower level with walkout access. Outside, spend some time

You Snooze, You Lose

I had an agent call me yesterday regarding a listing I have that recently went under contract. They had a client that was interested in seeing the home, but realized it was under contract. The agent was calling to get a sense of how solid the transaction seemed, wondering if they should show the home to their client. I mentioned that I felt the contract was fairly solid, but they would be welcome to show

Happy Birthday GHREB!

The Greater Hartford Real Estate Blog turns 2 today. Kyle and I took a few moments to celebrate this milestone and even bought the blog a cake! The blog loves chocolate, and definitely appreciated the generous frosting and shavings. We would also like to take this opportunity to thank all of our readers. Hopefully the blog is both interesting and entertaining. We both enjoy writing about real estate and are glad to have found an

To Refinance or Not To Refinance (part 2)

Yesterday we went over some of the reasons why the current low interest rates are unlikely to spur a dramatic wave of refinancing activity. However, trying to capture a lower interest rate may make sense for homeowners that have equity in their property, strong credit scores and available cash. Today we’re going to run some numbers to try to quantify the benefit of a lower interest rate. Assumptions 1. Homeowner purchased a home one year

To Refinance or Not To Refinance (Part 1)

That is the question. Whether ’tis nobler to suffer the slings and arrows of higher monthly interest payments, or to take arms against the current mortgage, and by refinancing, to end it. Interest rates are back down to historic low levels. The chart at left is from Bankrate.com and shows the average interest rate for 30-year fixed mortgages in Connecticut over the past 5 years. Large mortgage rate drops historically lead to a boom in