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
For last month’s market statistics post, I made this statement…”It will be interesting to see the results of November, as I feel they will also show an increase over last year as people try to jam in their closing by the November 30 $8,000 first time buyer tax credit deadline.” This was of course before we knew that they would be extending the first time buyer credit beyond November. So how did the closing numbers
“You reap what you sow.” “What goes around comes around.” “Do unto others as you would have others do unto you.” And my personal favorite, “You’ll get yours…” Before I got into real estate, I never really gave much thought to these sayings. Karma was something that I was aware of, but didn’t pay much attention to. I mean, I watched Earl on Thursday nights. That was my level of involvement with giving thought to
So you just renovated your kitchen to the tune of $80,000. It’s beautiful. Custom cabinetry, stone counter tops, radiant heat flooring, lots of recessed lighting, top of the line appliances. The value of your house just increased by $80,000, right? Unfortunately, in most cases, no- your house is not worth $80,000 more, but just a portion of that expense. More often than not in real estate cost does not equal value. This can be a
There are something like 350 real estate agents based out of the five main offices in West Hartford Center. The number grows rapidly as the rest of the towns in Greater Hartford are also considered. Most people know at least one agent, and some know many. With so many agents out there, how do you choose an agent to use for your purchase or sale? We believe that the three main criteria should be activity