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

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

Toasty Toes with a Pellet Stove

The question I’m getting more and more these days is “Does this house run on gas or oil?” Buyers never seemed to care much about heating fuel type before, but now sky high oil prices are pushing it to the front of everyone’s mind. But this winter is going to be a rough one for heating costs, no matter what type of fuel you use. The Courant recently had an interesting article regarding homeowners looking

Test Scores and Home Prices

Last week the results for the Connecticut Mastery Test were released to the public.  The Courant has put together a nice page for quickly seeing data, while the official results website allows users to generate detailed reports. As expected, there has been a flurry of commentary on the results for different towns.  The West Hartford results are being debated on West Hartford Forums, Talk of West Hartford, and The West Hartford Blog.  I’m sure that there