Taking Advantage of Low Inventory

2020-12-06 Taking Advantage of Low Inventory

Opportunities often arise when a market is out of balance. Right now the real estate markets are severely out of balance with far more demand for housing than supply. Part of our job as real estate advisers to highlight and explain these opportunities. Sellers currently have the upper hand in the market, and therefore the opportunity. However, slight variations in the current environment mean that this is a more valuable opportunity for some owners than

November Contracts: Slowing Down

2020-12-02 November Contracts

November was busy, with 839 single-family contracts in Hartford County, but is was much less busy that the previous six months. I’m most interested in exploring why November dropped off so much from October. We had a big election in November. Did you know that? Well, we did. And it’s possible that everything surrounding the election caused people to take a step back to understand the outcome. Most of us have had a good handle

Why Wasn’t My Offer Accepted?

Houses on Cone Street

Hi there. Welcome, and I am very sorry to hear that the offer you made on that home was not accepted. Even though I (probably) don’t know anything about your situation, I might still be able to help you understand this unfortunate development! I have found that sellers generally reject offers for a few reasons, so one very likely applies to your situation. 1. You Didn’t Offer Enough $$$ Sellers usually pick the offer with

October Contracts: A Fall Bounce

No Zoom Room

Who says that the market cannot have a fall bounce even though the late summer was extremely busy? Hartford County finished October with 1,133 contracts, which was a modest uptick from the September 2020 total and a huge 45% increase over October 2019. To put this result in context, the previous busiest October was 812 contracts in 2018. And not counting 2020, the previous all time busiest month was 1,125 in May 2019. Last month

Keep Your Storm Drains Clear

Storm Drains

We live near a modest low spot in the street. Our neighbors have a storm drain in front of their home that is critical to removing water from the area. They understand its importance and keep it clear, and we periodically joke about battling the “leaf terrorists.” There have been times during our many years here when a heavy rain washed enough leaves into the previously clear drain to clog it. Water builds up in