We just got back from the Tuesday broker’s open house tour in West Hartford. It’s always fun to see the new listings and talk with the other agents about what is going on in the market. One of the common themes right now seems to be that there are more buyers actively looking for homes than there are sellers. Many agents reported having trouble finding homes that their buyer clients are interested in purchasing. We
The November 2009 issue of Remodeling Magazine included the 22nd edition of their annual report about the financial impact of various home improvement projects. They look at both midrange and upscale projects, and hit on all the major renovations, calculating the percentage of the cost that could be recovered in a sale. Data is broken down by region and even by major cities within a region. I was excited to discover that Hartford is one
In more than half of the buyer transactions I represented last year, my buyer clients decided to ask the sellers to pay a portion or all of their closing costs. We’ve talked about Financing Closing Costs before. Some buyers ask sellers to cover these costs for them, as the buyer is trying to maximize their downpayment or conserve the amount of cash they will have left over after the transaction. Deciding to ask a seller
Don’t worry, we still exist! 🙂 December was a refresh and recharge (and work) month for us, so we decided to leave the blog alone for a bit, as we figured most of you had other things to be doing too. We were doing real estate during the month though, of varying degrees of importance. I received several calls from people that are thinking about selling their homes this spring, so I’ve started meeting with
For last month’s market statistics post, I made this statement…”It will be interesting to see the results of November, as I feel they will also show an increase over last year as people try to jam in their closing by the November 30 $8,000 first time buyer tax credit deadline.” This was of course before we knew that they would be extending the first time buyer credit beyond November. So how did the closing numbers