Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
This article is part of the Ready to Buy series, which focuses on the key issues that potential home buyers need to understand as they work through the purchase process. Closing on a home, when using a mortgage to finance the purchase, usually takes about 50 days. That’s how long you should budget from the time your offer is accepted until the closing, when you get the keys and can move in. You need to
The Hartford County multi-family residential market continued to improve in 2019. The total number of closed deals increased about 3% over the previous year to 928 sales. Activity was up more than 56% from the low point in 2012 when the market was in disarray. Of the three residential property types (single-family, condominium, and multi-family), the multi-family market is the strongest and healthiest. This is true despite the fact that sales totals are well below
Thoughtful updates and pride of ownership are on display with this 4-bedroom, 2.5-bathroom colonial, located in one of Manchester’s most popular neighborhoods. The first floor layout is perfect for today’s lifestyle. The formal living and dining rooms accommodate traditional entertaining needs. An expansive, fully renovated kitchen provides abundant cabinet storage and workspace, as well as a generous eat-in space. It features cherry cabinets, Corian counters, a tile backsplash and floors, and sliders to the backyard.
I recently became aware of the term “House Hacking.” For those that don’t know, the term describes a strategy for becoming a property owner without following the traditional path of buying a single dwelling unit in which to live solo. The underlying idea is that the house (or condo, or multi-family building) is an asset that can generate income. There are various potential income strategies, allowing the house hacker the flexibility to find an approach
Condominiums are an important segment of the Hartford County real estate market, representing about 19% of the total residential sales (single-family, condo, and multi-family) during 2019. They offer a different mix of features and benefits than the other property types, and are usually available at a lower price point. Last year there were 2,220 condominium deals according to the SmartMLS. The total was in line with the result of the past three years. It represents