Greater Hartford Real Estate Market Statistics- July 2008

The lazy days of summer are here. But at the Greater Hartford Real Estate Blog, we’re not lazy, we’re market focused! So just what the heck happened out there in July? Let’s look at the lastest real estate statistics, straight from the CT Multiple Listing Service… My takeaways… 1. If you’re a buyer and looking for a deal, you might want to concentrate on the markets with their inventory numbers highlighted yellow. Those are all

First Time Homebuyer Tax Credit- Part 1

As part of its major housing legislation, H.R. 3221, Congress created a tax credit to provide an incentive for first-time homebuyers. The $7,500 credit will be available for the purchase of a principal residence on or after April 9, 2008 and before July 1, 2009. This first blog post will address common questions. A second post will follow with my thoughts on the tax credit… The Basics Who qualifies for the new tax credit? Only

I Want to Fire My Agent

Occassionally I’ll get a phone call or email from a seller that is not happy with the real estate agent currently representing them. They ask if I can help them because they want to fire their agent. This is very touchy ground because real estate agents are not allowed to interfere with the relationships between other agents and their clients. The advice I always give is this: if you are not happy with your current

Wanted: ING Half Marathon Training Partner

Apologies for the non-real estate post. I am going to be running the ING Hartford half marathon in October and I’m looking for a training partner(s). It’s much easier to keep a training schedule if someone else is keeping you honest. I’ve run a few half marathons in the past. The most recent being the New Haven 20K last fall. So, if you’re interested in running together a couple of days a week, or know

Preparing for a Fixer Upper

The New York Times had an excellent article this past Sunday regarding homeowners buying fixer uppers. Not necessarily because they want to, but because it’s what they can afford in order to enter the real estate market. Unfortunately I think the HGTV culture leads lots of people to believe that home renovations are much easier than they really are, and that the renovations cost less than they really do. Remember, when you watch an HGTV