Market report time! All data is pulled from the Multiple Listing Service as of today and is deemed reliable, but not guaranteed. There are currently 233 single family homes for sale in West Hartford. Here’s a graph of how the inventory breaks down. There are also 168 homes currently under contract, waiting to close. Those homes are not included in the graph above because they are no longer considered “available.” As you can see, if
Few words are spoken with as much disdain as ‘McMansion.’ I’ll admit to criticizing a property with the term on occasion, though I’m not one of those people who could wax poetic about the evils they represent. In fact, I recently discovered that I had trouble even defining the term while I was talking with a local builder/developer about a project in which he may participate. After mentioning the main value drivers in the finished
As a buyer, visiting open houses is a helpful way for you to see several homes that might meet your needs, in a short timeframe. It’s also a great way to understand different neighborhoods, and pricing for houses in those neighborhoods. I host quite a few open houses on a yearly basis and typically I’ll see something new at each open house. These are the tips I’ve come up with for buyers to get the
No one really likes surprises. Particularly when they come up shortly before a scheduled closing. As a buyer, your mortgage banker will provide you with a Good Faith Estimate after you’ve submitted your mortgage application. The GFE will help you understand approximately how much money you’ll need to bring to the closing. The mortgage brokers my clients tend to use have typically been very accurate with their GFEs, which is a happy occassion for my
Buyers often come to me and say that they want to keep their monthly mortgage payment below a certain amount. It’s typically some amount over what they are currently paying in rent. For every house they will ask me, “What’s my estimated monthly payment?” I like to teach people this simple trick so when looking online, they can determine if they should be considering a property. Here’s the trick… At an interest rate of 6%