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
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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
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There have been a number of interesting articles about real estate in the financial press over the past couple weeks. Here’s a quick wrap-up of what you may have missed while you were off for the holidays… Wall Street Journal, December 23rd: Data from the National Association of Realtors shows that Home Sales, Prices Brighten (subscription required). Though the current data is positive, the author expresses concern about “a continuing flood of foreclosures and the
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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
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Late this summer Kyle and I started thinking about the possibility of remodeling our kitchen in 2010. It’s been on our list of “eventual to-dos” since we moved into our house about 6 years ago. That’s me to the left in 2004 when we were evaluating the house and figuring out if we wanted to buy it. Notice the skeptical look on my face regarding the kitchen… We knew a kitchen remodel would be a
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