We just got back from the Tuesday broker’s open house tour in West Hartford. It’s always fun to see the new listings and talk with the other agents about what is going on in the market. One of the common themes right now seems to be that there are more buyers actively looking for homes than there are sellers. Many agents reported having trouble finding homes that their buyer clients are interested in purchasing. We
We’ve been getting a lot of calls to our home phone number in the last few months. We don’t really give out, or even use, our land line very much, so we’re always suspicious of who’s calling us when it rings. We typically think it’s a telemarketer, even though we’re on the Do Not Call list. But recently it’s not telemarketers on the line. It’s collections agencies. And the people calling us are looking for
Many new buyers are intrigued by new or newer (say built since 1995) construction. Looking at older homes depresses them because they often need updating or don’t have more modern layouts with open floor plans and family rooms. Some buyers don’t want to take the time or have the money to put in updates immediately, so they lean towards newer construction in their search. I’ve even come across a few buyers that believe older homes
This spring we’re embarking on a “fun” project, a kitchen remodel. As I mentioned last month, this is something we’ve been wanting to do for several years. Since it’s been on our radar, we’ve been saving up. As with anything, there are varying cost levels when remodeling a kitchen. You can have a budget of $5,000, $50,000, $150,000 or anywhere in between. Several sources cited that kitchen remodels shouldn’t be more than 15% of the
That’s right, everyone, it’s awards time in the real estate industry! This is an exciting time of the year for agents as we are recognized by our brokers and get to compare our performance to our peers. The focus is usually on the overall production, or the total value of all the property sold during the year. Once the calculations are done, there will be ads in the real estate section of the paper touting