Many of my clients are fairly tech savvy. They enjoy looking up property data on their own and telling me how much sellers paid for properties. They’ll use Bing.com’s Birdseye views to check out locations before we actually go visit a property. And they Google people’s names to see what they can find on the web about them. That’s right, several of my clients, both buyers and sellers, use the Internet to find out more
We’re past the Fourth of July holiday and agents have entered in the last of their closings for June, so it’s time to take a look back at how we fared with real estate sales in the Greater Hartford area during the second quarter. All data was compiled from the CT Multiple Listing Service for single family homes only and is deemed reliable, but not guaranteed. My observations… 1. The number of closed sales for
I had some downtime last night, so I decided to look through the MLS to see how the multi family markets are holding up in the current environment. Although multi family properties can be found throughout the region, they make up a small fraction of the overall residential market in most towns. I started by identifying the towns in which they represent a meaningful portion of the housing stock, which makes the data more interesting
Suppose a home came onto the market late one afternoon, received an offer that evening, and went under contract a day later. Is this a good outcome for the seller? At first glance it seems like it probably is – they resolved their uncertainty quickly, and by accepting right away they presumably got an attractive price. But maybe the fact that the first offer came in immediately suggests that the home is underpriced. And maybe
You’re ready to sell your house and you’ve met with your agent to go over their pricing recommendation and marketing plan. The agent feels your house would be competitive in the market if it was priced anywhere between $290,000 and $300,000. So what do you choose as a listing price? There are lots of options, but the most popular choices in this situation would most likely be $299,000 or $299,900 or $300,000. One aspect of