Happy New Year
Here’s to a brand new year, with new possibilities and adventures. A fresh start where we can leave (some) of the concerns with the past behind. Have a healthy, successful, and wonderful 2021!
A Decaying House
There was a serious fire in our neighborhood in August of 2019. The home sustained significant damage, and continues to sit in a blighted state over a year later. Indications are that the property will not be repaired, so the most likely resolution is foreclosure and demolition. The City initiated foreclosure proceedings at the end of November 2020. Homes built in the early 1900s are very high quality structures that can withstand a surprising amount
You Have to BUY the House
Home buyers naturally want to get the best deal possible on their purchase. But in this market they have to balance that instinct against their desire to win one of the relatively few available properties. Buyers have to BUY the home they want. Sellers are not going to give them the home. And a bidder thinking that they’d be okay taking the home – but only at their price – is unlikely to get anything
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
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