How Long Does it Take to Close?

Days to Close

The amount of time between the contract date and the closing varies greatly – every situation is a little different. However, after looking at all of the single-family deals that closed in Hartford County in 2013 we can see some trends. The peak of the curve is between 35 and 55 days. This is the range that we usually see with our clients. It allows the buyer enough time to secure a mortgage, and the

Why Does Zillow Hate My House?

Zillow is a fairly popular website among buyers. They have an algorithm they use to provide a Zestimate for any house, whether it’s actively for sale or not. The Zestimate is Zillow’s estimate of what they think the house is worth. This Zestimate is derived from recent comparable sales and a little fairy dust, I think. I spend a lot of time debunking Zillow Zestimates. I will admit, it kind of pisses me off. I

May Contracts: A Classic Look

Activity in the Greater Hartford real estate markets continued to build through the month of May, with a total of 687 Hartford County deals coming together in the Connecticut Multiple Listing Service. Markets are now back in line with the 2009 numbers. May’s result shows that there are still buyers on the hunt for homes. The peak of the spring market is often the month of May, so seeing the number of deals increase over

How Often Does the Listing Agent Bring the Buyer?

The other day we were wondering, how often does the listing agent for a home also represent the buyer? This situation is called Dual Agency, and is something we’ve explored in the past. However, we never looked to see how often it happens in our area. To attack the question we looked at all the single family home sales that have closed so far this year in Hartford County. The data came from the CTMLS,

Buyers: When You Also Have a Home to Sell

It’s Buyer’s Week at the Greater Hartford Real Estate Blog. We’ve talked about the current opportunity, importance of mortgage preapproval, and trading up in a down market. Many would-be buyers already own a home … a home they have to sell in order to buy a new one. Buying a new home while also selling an existing home can be a tricky situation. The biggest question is the order in which the sale and subsequent