Comping Hartford: What is Hartford?

Pricing a house is all about using “comparable sales.” We always try to compare similar properties and the more similar the better. There is rarely a perfect match, but we can usually get pretty close. It seems to me that in evaluating a city we should be using a similar approach. When comparing our area to others around the country, we need to be comparing like to like. The current dust-up about Hartford being a

Refinancing Our House- Journey Underway

Last week I wrote a post about trying to refinance our house. We’re well underway at this point and hope to close in the next 45 days or so, as long as everything goes as planned. All four lenders that I initially called responded quickly to the voicemails I left them. Three were brokers that have several banks available to them and one was a local credit union. They all said that they’re getting lots

Hello World: Video on the Blog

This is our first foray into video posts here on the Greater Hartford Real Estate Blog. It’s something we’ve been considering for quite a while, but just haven’t pulled the trigger. Now is the time, and this is the first test video. We’re going to focus on tips or other thoughts, and keep them short (like a minute or two). Check it out – we would love to get feedback!

Refinancing Our House

The other day Kyle wrote a post about how low mortgage rates are right now. We’ve been kicking around the idea of refinancing for a while, and at this point think we’d like to move forward. This is an opportunity to lower our rate significantly. The big questions: 1. Is it worth it – how much of an impact will a lower rates have? For us, the attraction is paying less interest over the life

Vultures as Angels

There was an interesting article in last week’s Wall Street Journal about the success a hedge fund is having in modifying mortgages and keeping homeowners in their homes. The point of the article was to highlight a successful private market example of mortgage modifications, in this case a distressed investment fund, as compared to the highly publicized Federal programs like the Home Affordable Modification Program (HAMP). A key difference between the hedge fund’s strategy and