Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
We have previously noted that condos are different than other types of real estate without getting into the how or why. The main difference is that you, as the owner, do not have sole discretion over your property. Individual condominium units are part of a larger community. You have to follow its rules and pay a monthly homeowner association fee (HOA) to support the shared services and amenities. There are good reasons to choose a
Condominiums are currently out of favor with buyers. The number of closed condo sales in Hartford County fell about 57% from its peak in 2005 to 2011. There are many reasons why the number of condo deals has fallen so dramatically. Much of the decline can be attributed to a change in buyer sentiment, which has also impacted other property types. In the mid-2000s everyone wanted to buy a home because real estate was all
Our local MLS added two fields to denote distressed sales back in 2008. As with most new things, the fields were not immediately and uniformly adopted by the thousands of individual agents in the area. Now that they are widely used, we can begin to look at the level of distress in our local markets using the CTMLS database. At the big picture level, it appears that distressed single-family homes and condominiums sales represented about
For the first time since February, the number of single-family homes that went under contract dipped under 700 for a month. July saw 685 contracts come together providing our first evidence that the real estate market may actually take a breather over the summer. July felt surprisingly busy to us – especially the first half, which seemed like a continuation of June and the spring market. We expected the calls and emails to slow down
This classic West End colonial is nicely updated and move-in ready. The home has 4 bedrooms and 2 full bathrooms over 2,217 square feet. A tiled foyer opens to the formal living room with fireplace and formal dining room. The kitchen is renovated with new cabinets, granite counters and stainless steel appliances. A remodeled three-quarter bath completes the first floor. The second floor has four bedrooms. The master bedroom was opened up to the adjacent