Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
On Thursday, December 1st, updated market values began arriving from the City of Hartford. We were eagerly awaiting our letter because, well, real estate things get us excited and the revaluation is important. Now it’s here and it’s time to go to work interpreting what it all means. Proposed Fair Market Value The first important point to make is that the numbers sent by the City have no immediate impact on our property taxes. They
Single-family contracts continued the downward trend in September, falling to 497 for the month. Through nine months of 2011, we remain on pace to finish the year slightly ahead of 2010 but behind the 2009 total. There was a lot of interest in our markets at the beginning of September; it was a noticeable increase from the end of August and much of the summer. The rest of the month seemed pretty active too, so
The West End of Hartford contains multiple Historic Districts, which include just about all the properties in the neighborhood. In addition to recognizing the architectural importance of the collection of homes, and helping protect the properties from inappropriate modifications, the Historic District designation also creates opportunities for owners. One interesting incentive is the Historic Homes Rehabilitation Tax Credit. This past month I had an opportunity to sit down with Lucas Karmazinas, an independent consultant in
Contracts negotiated on single-family homes this July fell from the previous month’s total as buyers took their traditional summer break. Transactions for the year continue to track the 2009 data reasonably well, though at a slightly lower activity level. Buyers have a nice opportunity in the market right now. Inventory is at a slightly elevated level, providing a good selection. Competition from other buyers is relatively low, so immediate bids are usually not needed for
Can I take the rest of the week off to watch college basketball? Is that allowed? No? That’s too bad, I heard there’s a tournament going on this weekend or something. Events & Activities Mark you calendars for the annual Elizabeth Park Flower Sale. Greenhouse doors open at 10:00 on Saturday, but you better get there early because there’s usually a crowd. Another summer hobby is on full display at the Connecticut Convention Center, which