A few weeks ago I was walking around my neighborhood in the West End of Hartford and saw a couple moving into a house. I welcomed them to the block and during our conversation they mentioned that they bought the house in a private sale. This is not uncommon for the West End. People fall in love with the architecture of certain homes and tell the owners that when they’re ready to move to give
Here’s a lengthy, but interesting, NYT article about Countrywide and how they profited during the past few years; resulting in many of the mortgage industry challenges we’re currently seeing. Inside the Countrywide Lending Spree
There was an interesting article published in the Hartford Business Journal yesterday regarding local condo sales. For the first six months of this year, condo sales are off by more than 16% in Hartford County compared to 2006. However, the median price is up 1.5% over 2006. Huh? With more inventory sitting out there longer, why aren’t buyers paying less? My guess is that we are talking median sales price vs. mean sales price. I
The Greater Hartford Association of Realtors recently released their statistics for July. For the year (and July), the number of listings is up and closed sales are down. Add to that the shrinking number of available buyers due to the mortgage industry troubles. So, to put your home sale in business terms, you now have more competition and fewer buyers. Time to differentiate! 1. Most importantly, price your house right. Be sure the agent listing
If you are thinking about buying a house any time soon, please keep “speed” in mind. No, I am not talking about drugs. By “speed” I mean your ability to react quickly if you happen to come across the house of your dreams. Here are two perfect scenarios where you will almost always lose out: 1. You have a house to sell that is not yet on the market, and you can’t afford to carry