Is this a Seller’s Market or a Buyer’s Market? As REALTORS, we are often asked, "What market are we in?" The answer is somewhat simple, but it really depends upon the market conditions. Right now for instance, there are many homes for sale, including foreclosures and "short sales." On average this equates to about a 10-month supply of housing, which would classify this market scenario as a “buyer’s...
Real Estate
Prior to legislation creating Buyer Representation, the adage ‘Buyer Beware’ was in full force. When a Buyer was shown a property by a real estate Agent, the Buyer may have assumed that the Agent was working for him; in fact, the Agent was looking out for the Seller’s interest. On June 1, 1997 Connecticut Real Estate Agency law changed to address this fundamental inadequacy of the existing...
In our current economy, with consumer spending down- more people seem to prefer to stay close to home and view their homes as a retreat, a sort of haven… If the place you call home needs a bit of TLC, or you’re looking to increase its value, there are ways to do so while staying within your budget. There are many payoffs - the obvious one being that you will enjoy living in your house, and another...
I am currently working with a wonderful couple who are first time buyers. They entered the Real Estate market thinking that they would quickly find their first home. What a surprise they had when they were out-bid on 6 different houses! . You might think this is because they "low balled" each offer they put in, and in fact they did on the first one, but they quickly realized that the homes for sale in...
If you've asked yourself lately, ”What can my country do for me?" ask no longer and call your Calcagni Associates REALTOR to make that home purchase you have been putting off. President Obama’s American Recovery and Investment Act signed into law on Feb 17, 2009 provided first time home buyers a unique opportunity to receive up to $8,000 in the form of a credit when purchasing a home between Jan 1 and...
People love to talk about real estate! Whether it's at my doctor's office, hairdresser or just visiting with friends, I get asked about real estate all the time. They know that I handle the marketing and do not sell, but they can't help themselves - they just have to ask. Especially now with all of the negative press about the housing market. I quickly remind them that they need to keep in mind that...
Did you know that you may have hidden value in your property by way of Condo Ownership? But wait! It's not in the way that you think! For example, my husband and I owned 4 acres of land in a 2-acre zoned part of our town. We were able to convert our property into a "Designated Use Condo" which now contains our original home and a second, brand new home occupied by our son and his family. We...