Short sales are becoming more common these days, whether we like it or not. A short sale occurs when the sale of a property will not generate enough proceeds to cover what the seller owes their mortgage lender(s). Offers on short sale properties must be approved by the seller’s lender before they can be officially accepted. And when a short sale property is listed in the Multiple Listing Service, the agent must call out language
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,
The lazy days of summer are here. But at the Greater Hartford Real Estate Blog, we’re not lazy, we’re market focused! So just what the heck happened out there in July? Let’s look at the lastest real estate statistics, straight from the CT Multiple Listing Service… My takeaways… 1. If you’re a buyer and looking for a deal, you might want to concentrate on the markets with their inventory numbers highlighted yellow. Those are all
Occassionally I’ll get a phone call or email from a seller that is not happy with the real estate agent currently representing them. They ask if I can help them because they want to fire their agent. This is very touchy ground because real estate agents are not allowed to interfere with the relationships between other agents and their clients. The advice I always give is this: if you are not happy with your current
Tomorrow I’m being interviewed for a new listing. I know there are at least 3 other agents also interviewing for this listing opportunity. Despite the possibility of it working against me, I think it’s worthwhile for sellers to speak with a few agents. Particularly if the sellers do not have a working relationship with an agent that they trust to sell their house (which is different than an agent who is just a friend or