Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Pricing homes is often more art than science. Some of the factors that play into a recommended pricing range are nearly impossible to measure or quantify. For example, how do you put a price on location? Everyone knows the old adage that the three most important factors in real estate are location, location and location. But how do you systematically assign value to such a complex quality? The practical answer is that we look for
I’ve been showing lots of houses lately because in many cases buyers have much to choose from and they’re a little bit more hesitant about the market. The current financial situation is freaking people out, and rightly so in some cases. When we do eventually find “the one,” there is much more hand wringing about what to initially offer than there used to be. Some of my buyers take a low ball strategy, no matter
Well, maybe. Fox 61 News called me this morning and asked if they could stop by my Open House at 24 Arundel Avenue in West Hartford. They wanted to interview me about the current real estate market. What fantastic exposure for my seller! I asked their permission and we were on our way. The clip will air on Fox 61 News during the 10:00pm and 11:00pm time slots tonight, if they decide to run it.
The financial markets are in a difficult place right now, and the Federal government is working on a plan to intervene and hopefully stop the bleeding. Rather than trying to figure out who’s to blame, or speculating on what might happen next, I’d like to try to illustrate the negative feedback loop currently in place. Some observations: 1. Mortgage-backed securities are valued using computer models with numerous assumptions. The historical data used to generate the
I recently posted the latest real estate statistics for single family homes in Greater Hartford. Below are the latest real estate statistics for condos in Greater Hartford. I pulled the time period of April through July (essentially the spring market) and compared 2008 to 2007. A few things to keep in mind; some towns simply have more condo complexes than others, some towns have lots of new condo construction going on while others do not,