The real estate appraisal business has been under increased scrutiny in the wake of the national housing bust. An article in today’s Wall Street Journal highlights the current challenges in securing an independent, yet accurate, property valuation. Appraisals are an important part of a real estate purchase, helping to make sure that the negotiated purchase price is in line with recent comparable sales. Mortgage underwriters require an appraisal so that they can feel comfortable that
The July real estate market statistics for Greater Hartford are ready and they look better than they have in many months. As always, data came from the CT Multiple Listing Service for single family homes only and is deemed reliable, but not guaranteed… My observations… 1. Twelve of the seventeen towns covered actually saw an increase in the number of closed sales when comparing July 2008 to July 2009. Also, when aggregating these towns, the
When a buyer is interested in a property in the Hartford area and they want to make an offer, it is customary that they sit down with their agent and write up the offer. Most real estate agencies in Greater Hartford belong to the Greater Hartford Association of Realtors and they have standard contracts we use that help facilitate this process. Once an offer is written, it’s presented to the seller’s agent who then presents
A good real estate attorney is an important and necessary person to have on your team when you’re thinking about buying or selling property. Closing attorneys work with lenders and the buyers and sellers to account for all of the funds involved, manage the title insurance and title search process, and provide general guidance throughout the transaction. Sellers typically understand the importance of closing attorneys because they’ve worked with real estate attorneys in the past
Kyle and I are selling the condo that we own in West Hartford. It’s a desirable second floor, end unit located in the Colonial Village complex. The 660 square foot one bedroom, one bath, ranch-style layout offers neutral colors, an open floor plan, and great closet space. The kitchen and bath have been updated. There is storage space in the basement and laundry in the building. One dedicated parking spot comes with the unit and