A while back we talked about how appraisals can impact a deal. A new twist is that buyers have recently been making their offers more attractive by voluntarily removing the appraisal clause. They take the risk that the appraiser finds that the “value” of the home to be less than the contract price, and they have to bring more cash to the closing. Today we’re going to quantify that risk. Banks require appraisals to help
This fully updated Cape is move-in ready and conveniently located near shopping and highway access. The home offers 4 bedrooms and 2 full bathrooms over 1,428 square feet. A formal living room with shiny hardwood floors welcomes you. The remodeled kitchen has a breakfast bar and opens to the dining room. There is also a large bedroom and an updated full bathroom on the first floor. Upstairs you’ll find three bedrooms and another remodeled full
I am a dog person. I love dogs. I have a dog of my own. She is great. But not everyone loves dogs. In fact, some people don’t like dogs at all. Who can blame them really? Sometimes dogs are smelly. They drool. They shed. And sometimes they bark. In fact, they may bark a lot. Which is exactly what this dog did when I went to show a house today. It barked at me
April single-family contracts came in at about the same level as Hartford County saw last month. Activity remains much higher than we observed in 2011, and the month-to-month count of negotiated contracts seems to be following the same pattern as last year. We’ve already commented on much of what we’re seeing in the market right now. Some towns are very active, and multiple offer situations are common. Inventory is on the low side, so buyers
This neat and clean Colonial is a short walk to West Hartford Center and Blue Back Square, located in the Morley school district. The home offers 2 bedrooms and 1 full bathroom over 1,152 square feet. The formal living room has a wood burning fireplace and built-in bookshelves. A formal dining room leads to the kitchen which has eat-in space and granite counters. Upstairs there are two nicely sized bedrooms and a full bath. A