Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Local real estate markets have felt surprisingly busy over the past month. November is usually when things start to slow down for the holiday season, but this year has seemed different. After a slow fall, business actually seems to be picking up recently. Are the markets really busier than normal for this time of year? The best way to investigate this question is to look at the number of contracts written by month. Let’s compare
The other day we were wondering, how often does the listing agent for a home also represent the buyer? This situation is called Dual Agency, and is something we’ve explored in the past. However, we never looked to see how often it happens in our area. To attack the question we looked at all the single family home sales that have closed so far this year in Hartford County. The data came from the CTMLS,
The other day we were talking about our current pending deals, and noted that we both have closings scheduled for mid August. Closing in the middle of the month is pretty common, but we discovered that our two deals have something in common. Neither us, nor our clients, wanted to close on Friday the 13th. Friday is the most common day for real estate closings in Hartford County. In looking at data for over 30,000
The National Association of Realtors (NAR) has been leading a push to get part of the Federal Home Buyer Tax Credit extended. But don’t get too excited – their proposal won’t give allow anyone new to claim the credit. Before diving into the details, here is a quick review of the current rules of the game: 1. First time buyer or existing owner (extra criteria). 2. Binding purchase contract by April 30, 2010. 3. Closing
May is a busy real estate month. More deals are done in the spring than in other times of the year, and the month of May is right there in the middle of the spring. In most years, the months of April and May have the two highest totals of contracts written (buyers and sellers agreeing on a sale). May usually edges out April, but not always. It depends on how the holidays fall, and