Multi Family Property in Distress

I had some downtime last night, so I decided to look through the MLS to see how the multi family markets are holding up in the current environment. Although multi family properties can be found throughout the region, they make up a small fraction of the overall residential market in most towns. I started by identifying the towns in which they represent a meaningful portion of the housing stock, which makes the data more interesting

Thoughts on Pricing Homes

Suppose a home came onto the market late one afternoon, received an offer that evening, and went under contract a day later. Is this a good outcome for the seller? At first glance it seems like it probably is – they resolved their uncertainty quickly, and by accepting right away they presumably got an attractive price. But maybe the fact that the first offer came in immediately suggests that the home is underpriced. And maybe

Home Pricing Strategy for the Internet

You’re ready to sell your house and you’ve met with your agent to go over their pricing recommendation and marketing plan. The agent feels your house would be competitive in the market if it was priced anywhere between $290,000 and $300,000. So what do you choose as a listing price? There are lots of options, but the most popular choices in this situation would most likely be $299,000 or $299,900 or $300,000. One aspect of

Peeking in the Windows

So you’ve found a house that you like. Maybe you stalk this house a little. Or a lot. You have your agent take you through multiple times. You drive by even more times. Slowly. You walk by the house and talk to the neighbors. And maybe this house seems vacant. There’s not a lot of furniture. There are no clothes in the closets. No dishes in the cupboards. So you think it’s okay to walk

84 Tunxis Village, Farmington CT

I recently listed this move-in ready, 2 bedroom, 2.1 bath, 1,660 sqft townhouse condo in Farmington. The home is located in the gated Tunxis Village community just west of the river and adjacent to both the Tunxis Plantation Country Club and the Devonwood Community, and close to Winding Trails. The condo features an updated, eat-in kitchen with plenty of cabinet space, a living room with fireplace, and a private slate patio. The two spacious bedrooms