Unfortunately, last night's weather put a damper on the Hope Lights Lives luminary event around town... This is such a special night to walk (or drive!) through Rowayton and the surrounding towns- the luminary bags dotting the roadways, like a magical path, always bring a smile to our faces. The event has been rescheduled for next Sunday, the 20th. For more info, or if you haven't gotten a kit yet and still would like to, go to:
http://www.familycenters.org/content/view/436/
Just as important, the annual Rowayton Nativity Pageant is this coming Saturday night, the 19th, at the school field at 6pm. We know it's cold outside, but it is truly a heartwarming and worthwhile activity for the family- it is very short and sweet, so you can be home drinking hot chocolate to warm back up in no time. This is the perfect way to get into the holiday spirit if you haven't gotten there already! We hope to see you there!
Monday, December 14, 2009
Tuesday, December 1, 2009
Hello there!
Many of you have asked us what Santa's schedule is, as you know we have a direct line to his work shop. So we wanted to give you Santa's schedule which is as follows:
December
Darien Sport Shop 1127 Post Road Darien, CT
Thursday 3, 10,& 17
3:00 - 6:00
Thursday 24
10:00 - 1:00
Saturday 5,12,& 19
12:00 - 3:00
Sunday 6
12:00 - 2:00
Sunday 13 & 20
12:00 - 3:00
Wild Birds Unlimited 532 North Bedford Rd. Bedford Hills, NY
December 2 & 4
2:30 - 5:30
If anyone has anyquestions or is interested in a special Santa visit please feel free to contact Joe Jr. "head elf" at 203-803-8341 Hope everyone has a great Holiday Season.
Tuesday, November 10, 2009
It's official!
First Time Homebuyer Tax Credit Extended Into 2010!
Plus...A New Tax Credit for Certain Existing Home Owners!
It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.
In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.
So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.
Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
Deadlines
In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
Higher Income Caps in Effect
The amount of income someone can earn and qualify for the full amount of the credit has been increased.
Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.
Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.
Maximum Purchase Price
Qualifying buyers may purchase a property with a maximum sales price of $800,000.
First-Time Homebuyer Tax Credit – Frequently Asked Questions
Here are answers to some commonly asked questions about the tax credit.
What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence.
What is the tax credit for first-time homebuyers (FTHBs)?
An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.
Who is eligible for the FTHB tax credit?
Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.
As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.
How do I claim the credit?
For those taking advantage of the tax credit in 2009, you may choose to either apply for the credit with your 2009 tax return or you may apply for the credit sooner by filing an amended 2008 tax return with Form 5405 (http://www.irs.gov/pub/irs-pdf/f5405.pdf).
Can you claim the tax credit in advance of purchasing a property?
No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.
Can a taxpayer claim a credit if the property is purchased from a seller with seller financing and the seller retains title to the property?
Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Examples of this would include a land contract, contract for deed, etc. According to the IRS, factors that would demonstrate the ownership of the property would include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.
Are there other restrictions to taking the credit?
Yes. According to the IRS, if any of the following describe your situation, a credit would not be due.
• You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
• You do not use the home as your principal residence.
• You sell your home before the end of the year.
• You are a nonresident alien.
• You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
• Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
• You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2006, through July 1, 2009.
Can you buy a home from a step-relative and be eligible for the credit?
Yes. Provided the person you are buying a home from is not a direct blood relative, the purchase would be allowed.
Can parent(s) who will not live in the property cosign for a mortgage for their child and the child that is a qualifying FTHB still be eligible for the credit?
Yes.
Can a separated spouse who has not owned a home for four years qualify for the FTHB tax credit if the spouse has owned a property anytime in the last three years?
No. However, the spouse may be eligible for the repeat buyer credit. The best path to take in any situation regarding income taxes is to speak with a professional tax preparer or CPA.
Plus...A New Tax Credit for Certain Existing Home Owners!
It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.
In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.
So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.
Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
Deadlines
In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
Higher Income Caps in Effect
The amount of income someone can earn and qualify for the full amount of the credit has been increased.
Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.
Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.
Maximum Purchase Price
Qualifying buyers may purchase a property with a maximum sales price of $800,000.
First-Time Homebuyer Tax Credit – Frequently Asked Questions
Here are answers to some commonly asked questions about the tax credit.
What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence.
What is the tax credit for first-time homebuyers (FTHBs)?
An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.
Who is eligible for the FTHB tax credit?
Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.
As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.
How do I claim the credit?
For those taking advantage of the tax credit in 2009, you may choose to either apply for the credit with your 2009 tax return or you may apply for the credit sooner by filing an amended 2008 tax return with Form 5405 (http://www.irs.gov/pub/irs-pdf/f5405.pdf).
Can you claim the tax credit in advance of purchasing a property?
No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.
Can a taxpayer claim a credit if the property is purchased from a seller with seller financing and the seller retains title to the property?
Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Examples of this would include a land contract, contract for deed, etc. According to the IRS, factors that would demonstrate the ownership of the property would include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.
Are there other restrictions to taking the credit?
Yes. According to the IRS, if any of the following describe your situation, a credit would not be due.
• You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
• You do not use the home as your principal residence.
• You sell your home before the end of the year.
• You are a nonresident alien.
• You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
• Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
• You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2006, through July 1, 2009.
Can you buy a home from a step-relative and be eligible for the credit?
Yes. Provided the person you are buying a home from is not a direct blood relative, the purchase would be allowed.
Can parent(s) who will not live in the property cosign for a mortgage for their child and the child that is a qualifying FTHB still be eligible for the credit?
Yes.
Can a separated spouse who has not owned a home for four years qualify for the FTHB tax credit if the spouse has owned a property anytime in the last three years?
No. However, the spouse may be eligible for the repeat buyer credit. The best path to take in any situation regarding income taxes is to speak with a professional tax preparer or CPA.
Monday, November 2, 2009
Hello everyone! We hope you had a great Halloween- it seemed pretty quiet around town to us... anyone else get the same feeling? Luckily, the rain held out till after dark, which did help and we saw some great costumes on the trick-or-treaters that we did get! Next up is Thanksgiving and Christmas- can you believe it!?!
Don't forget to support the Center for Hope and sign up for the luminaries! Meggan is usually the block captain for McKinley Street, but this year, Baby Ben is due on luminary night, so we had to step back and pass the torch... We did get our slip dropped off by the new captain last week and intend to order a box- we hope you'll do the same! It makes for such a nice night around town to see everyone participating and have the streets all lined with the lights!
On the real estate front, we've recently heard that the tax credit for first time buyers is likely to be extended past November 30th- this means great opportunities area still available for the first-time buyers out there for even longer! Don't wait to take advantage of this deal!!
Don't forget to support the Center for Hope and sign up for the luminaries! Meggan is usually the block captain for McKinley Street, but this year, Baby Ben is due on luminary night, so we had to step back and pass the torch... We did get our slip dropped off by the new captain last week and intend to order a box- we hope you'll do the same! It makes for such a nice night around town to see everyone participating and have the streets all lined with the lights!
On the real estate front, we've recently heard that the tax credit for first time buyers is likely to be extended past November 30th- this means great opportunities area still available for the first-time buyers out there for even longer! Don't wait to take advantage of this deal!!
Monday, October 19, 2009
With Halloween right around the corner, we wanted to make sure you knew about the Rowayton Ghost Stories at Pinkney Park... it's next Sunday, the 25th, from 5-7pm. We think it'll be a ton of fun to hear which houses have had ghostly visitors around town... and it will get us in the mood for Halloween the following Saturday!
As for real estate around town...
Things are actually starting to move a little! Granted, it's definitely sporadic, but up until this month, we hadn't seen anything move over $1.5m since maybe late Winter last year!!! Finally seeing some things across the board start to accept offers, though we are still waiting for a $2m+ sale to come through.
Speaking of... if you know of anyone looking to buy around town, please let us know! :)
As for real estate around town...
Things are actually starting to move a little! Granted, it's definitely sporadic, but up until this month, we hadn't seen anything move over $1.5m since maybe late Winter last year!!! Finally seeing some things across the board start to accept offers, though we are still waiting for a $2m+ sale to come through.
Speaking of... if you know of anyone looking to buy around town, please let us know! :)
Thursday, October 1, 2009
BREAKING NEWS FROM THE COMMERCIAL RECORD...
We have always heard that the real estate market bounces back after a recession before financial markets and otherwise...read it for yourself!
Copy and paste the link below:
www.commercialrecord.com/news134963.html
Copy and paste the link below:
www.commercialrecord.com/news134963.html
Friday, September 11, 2009
Market Update!
More Home Sellers Are Cutting Prices: Trulia
Reuters
| 11 Sep 2009 | 09:08 AM ET
More than one in four U.S. homes for sale on Sept. 1 had their prices cut at least once since landing on the market, up slightly from a month earlier, a study showed on Friday.
As of Sept. 1, a total of 26 percent of homes had their prices reduced, up from 25 percent on Aug.1, Trulia.com said in its monthly price report.
Driving the increase was the pending expiration of the government's $8,000 tax credit for first-time home buyers — part of the stimulus bill — and summer months which are the peak sales period, according to data compiled by Trulia.com.
The average discount was 10 percent from the original price, unchanged from August. On average, sellers dropped their price by $39,378, Trulia said.
"Housing data has shown us that sales are on the rise this summer and aggressive pricing is one of the factors driving these sales," said Pete Flint, Trulia co-founder and CEO, in an interview with Reuters. "The other factor is the $8,000 first time home buyers credit which we believe will continue to drive a high volume of sales for the next few months."
Home sellers looking to sell their property before the tax credit expires in November will continue to cut prices in hopes of attracting home buyers in search of discounts, he said.
Several cities have seen consistent month-over-month increases in the percentage of listings with price reductions from June 1 to Sept. 1. They include Kansas City, Missouri; Colorado Springs, Colorado; Omaha, Nebraska; Atlanta, Georgia; Indianapolis, Indiana; Memphis, Tennessee; Milwaukee, Wisconsin; and Raleigh, North Carolina, Trulia said.
Nationwide, in dollar terms, $28.5 billion has been reduced for all homes for sale on the market on September 1, up by more than $1.1 billion from June to September, the data showed.
Of the luxury homes, categorized by those costing $2 million or more, 26 percent have seen a reduction, up from 25 percent. The average decrease for a luxury home was 14 percent off the original asking price, the data showed.
For homes listed for less than $2 million, 25 percent have seen a reduction, consistent on a month-over-month basis. The deduction, however, was only 9 percent off the original asking price, the data showed
Reuters
| 11 Sep 2009 | 09:08 AM ET
More than one in four U.S. homes for sale on Sept. 1 had their prices cut at least once since landing on the market, up slightly from a month earlier, a study showed on Friday.
As of Sept. 1, a total of 26 percent of homes had their prices reduced, up from 25 percent on Aug.1, Trulia.com said in its monthly price report.
Driving the increase was the pending expiration of the government's $8,000 tax credit for first-time home buyers — part of the stimulus bill — and summer months which are the peak sales period, according to data compiled by Trulia.com.
The average discount was 10 percent from the original price, unchanged from August. On average, sellers dropped their price by $39,378, Trulia said.
"Housing data has shown us that sales are on the rise this summer and aggressive pricing is one of the factors driving these sales," said Pete Flint, Trulia co-founder and CEO, in an interview with Reuters. "The other factor is the $8,000 first time home buyers credit which we believe will continue to drive a high volume of sales for the next few months."
Home sellers looking to sell their property before the tax credit expires in November will continue to cut prices in hopes of attracting home buyers in search of discounts, he said.
Several cities have seen consistent month-over-month increases in the percentage of listings with price reductions from June 1 to Sept. 1. They include Kansas City, Missouri; Colorado Springs, Colorado; Omaha, Nebraska; Atlanta, Georgia; Indianapolis, Indiana; Memphis, Tennessee; Milwaukee, Wisconsin; and Raleigh, North Carolina, Trulia said.
Nationwide, in dollar terms, $28.5 billion has been reduced for all homes for sale on the market on September 1, up by more than $1.1 billion from June to September, the data showed.
Of the luxury homes, categorized by those costing $2 million or more, 26 percent have seen a reduction, up from 25 percent. The average decrease for a luxury home was 14 percent off the original asking price, the data showed.
For homes listed for less than $2 million, 25 percent have seen a reduction, consistent on a month-over-month basis. The deduction, however, was only 9 percent off the original asking price, the data showed
Sunday, August 30, 2009
getting back in the groove!
Ok ok... So we took a little hiatus for the month of August... and we'll ease back into postings with a great article that we just read about the national real estate market. Whether or not our average prices in Fairfield County are $200k or $1M, this article is a positive look at the state of the real estate today! Finally! :) Enjoy...
http://www.realtor.org/press_room/news_releases/2009/08/strong_uptrend?LID=RONav0021
http://www.realtor.org/press_room/news_releases/2009/08/strong_uptrend?LID=RONav0021
Monday, July 27, 2009
Good news on the real estate front!
Check it out...
New-Home Sales Jump by 11%, Largest Monthly Rise in 9 Years
The Associated Press
27 Jul 2009 10:37 AM ET
New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
The Commerce Department said Monday that sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000.
It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000.
Sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier and down nearly 6 percent from $219,000 in May.
The report is another encouraging sign that the beleaguered housing sector is finally coming back to life. Last Thursday, the National Association of Realtors reported that home resales posted a monthly increase of 3.6 percent in June.
"The data will reinforce the developing thinking that housing market has bottomed and that the economy has stabilized and will grow in the third quarter," Jim Awad, managing director at Zephyr Management in New York, told Reuters.
"In the cocktail of the market, it will be viewed positively and will add credence to the bulls, who think we will have a rebound in the markets going forward," he said.
The number of new homes for sale fell to a more than 11-year low at 281,000, the lowest since February 1998 and down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007.
Fallout from the housing crisis has played a central role in the U.S. recession, now the longest since World War II. Foreclosures have spiked, homebuilders have slashed construction, and financial companies have lost billions.
Check it out...
New-Home Sales Jump by 11%, Largest Monthly Rise in 9 Years
The Associated Press
27 Jul 2009 10:37 AM ET
New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
The Commerce Department said Monday that sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000.
It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000.
Sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier and down nearly 6 percent from $219,000 in May.
The report is another encouraging sign that the beleaguered housing sector is finally coming back to life. Last Thursday, the National Association of Realtors reported that home resales posted a monthly increase of 3.6 percent in June.
"The data will reinforce the developing thinking that housing market has bottomed and that the economy has stabilized and will grow in the third quarter," Jim Awad, managing director at Zephyr Management in New York, told Reuters.
"In the cocktail of the market, it will be viewed positively and will add credence to the bulls, who think we will have a rebound in the markets going forward," he said.
The number of new homes for sale fell to a more than 11-year low at 281,000, the lowest since February 1998 and down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007.
Fallout from the housing crisis has played a central role in the U.S. recession, now the longest since World War II. Foreclosures have spiked, homebuilders have slashed construction, and financial companies have lost billions.
Sunday, July 19, 2009
Hi everyone!
THANK YOU to all of our clients and customers that joined us for our Client Appreciation bbq and Reggae concert at Bayley last weekend! It was such a success- the reggae band was so popular that the beach gates had to be closed because the parking lot was full!! We missed those of you that couldn't join us, but hope we'll catch you next year! Everyone had a blast and we will post pictures soon!!
Sooo...We can't yet say that all of our listings are SOLD, but we can definitely say that we've seen a good boost in showing activity and some sales in the area!! It looks like this is not just a 'blip,' but rather a possible start to a trend in buyers finally realizing that we haven't been making things up- now is the time to buy!!! We know this especially now, because we are seeing the really, really high end in Darien starting to move- these people have obviously made great financial decisions, folks!! Follow their lead and invest now!
But for those of you that do want both perspectives, we did find this great clip of Barbara Corcoran (legendary real estate expert on the Today Show,) from a few weeks back... check it out and if you think you want to get out there and start looking, give us a call!
http://today.msnbc.msn.com/id/26184891/vp/31423941#31423941
THANK YOU to all of our clients and customers that joined us for our Client Appreciation bbq and Reggae concert at Bayley last weekend! It was such a success- the reggae band was so popular that the beach gates had to be closed because the parking lot was full!! We missed those of you that couldn't join us, but hope we'll catch you next year! Everyone had a blast and we will post pictures soon!!
Sooo...We can't yet say that all of our listings are SOLD, but we can definitely say that we've seen a good boost in showing activity and some sales in the area!! It looks like this is not just a 'blip,' but rather a possible start to a trend in buyers finally realizing that we haven't been making things up- now is the time to buy!!! We know this especially now, because we are seeing the really, really high end in Darien starting to move- these people have obviously made great financial decisions, folks!! Follow their lead and invest now!
But for those of you that do want both perspectives, we did find this great clip of Barbara Corcoran (legendary real estate expert on the Today Show,) from a few weeks back... check it out and if you think you want to get out there and start looking, give us a call!
http://today.msnbc.msn.com/id/26184891/vp/31423941#31423941
Friday, July 10, 2009
We just wanted to share a recent message we received from Prudential CT's CEO that we thought was worth sharing!...
In the past few months we have seen encouraging news about real estate in the media. National housing starts are up for the first time in more than two years. In Connecticut, we’ve seen a recent surge in deposits. There were 5,936 in June, while there were only 3,447 in March. In January, there were less than 3,300 deposits. Clearly the trend is that the housing market is improving. Several factors are contributing to the re-energized real estate market: a stabilizing stock market, realistic home prices, record low mortgage rates and the $8,000 first-time homebuyer tax credit.
The message to share is that now is the time to buy and now is the time to sell. Properties priced correctly are seeing multiple offers. Inventory is healthy but not excessive, so there is still a good selection of well-priced homes to choose from. Mortgage rates are currently the lowest they’ve been since 1971 and are likely to increase as the economy improves. Additionally, to qualify for the first-time homebuyer tax credit, the property must be closed and occupied by November 30, 2009.
In the past few months we have seen encouraging news about real estate in the media. National housing starts are up for the first time in more than two years. In Connecticut, we’ve seen a recent surge in deposits. There were 5,936 in June, while there were only 3,447 in March. In January, there were less than 3,300 deposits. Clearly the trend is that the housing market is improving. Several factors are contributing to the re-energized real estate market: a stabilizing stock market, realistic home prices, record low mortgage rates and the $8,000 first-time homebuyer tax credit.
The message to share is that now is the time to buy and now is the time to sell. Properties priced correctly are seeing multiple offers. Inventory is healthy but not excessive, so there is still a good selection of well-priced homes to choose from. Mortgage rates are currently the lowest they’ve been since 1971 and are likely to increase as the economy improves. Additionally, to qualify for the first-time homebuyer tax credit, the property must be closed and occupied by November 30, 2009.
Come stop by the River Ramble tomorrow from 11-2pm at Pinkney Park!! We will be there volunteering and there's great food, music, local wares, kids games and everyone's favorite: the silent auction! We'll see you down there!
http://www.rowaytonct.com/riverramble.html
http://www.rowaytonct.com/riverramble.html
Monday, June 15, 2009
So maybe if we all write to the weatherpeople and request a change of atmospheric pressure, we can make a change? I just checked www.weather.com and it looks like we have a few hours of sun this morning and then back to rain... We know that we're all in the same boat, so please understand that if you try to call or email us and we don't respond right away, it may be because we just decided to get on a plane and escape this rain!! I could understand it if we lived in say, London or Seattle, but not Rowayton... come on!
Alright. Done venting.
So let's look at what's going on in Rowayton this week... Lot's of fun stuff! (IF the weather allows it... )
Shakespeare starts on Tuesday night and we know that you all are just as curious about the new fencing that has blocked our views of the rehearsals, etc... Well, shows start at 7:30pm, June 16th-28th (except Monday nights,) and we suggest you swing down at 4pm and reserve a nice spot with a big blanket because it fills up quickly! Joe and I will be there volunteering (to take your donations!) on Tuesday night, so feel free to come down and say 'Hello!' For more info, visit www.ShakespeareontheSound.org
Also this week- The Rowayton Farmer's Market starts back up again, but this year it will be in Pinkney Park on Fridays, 12:30-5pm. We like this new location, as we're sure it will bring more success to each of the vendors because of the increased visability (vs the Library parking lot that it has traditionally been held in.) Please swing by if you are in town and support the local farmers and non-farmers alike!
Alright. Done venting.
So let's look at what's going on in Rowayton this week... Lot's of fun stuff! (IF the weather allows it... )
Shakespeare starts on Tuesday night and we know that you all are just as curious about the new fencing that has blocked our views of the rehearsals, etc... Well, shows start at 7:30pm, June 16th-28th (except Monday nights,) and we suggest you swing down at 4pm and reserve a nice spot with a big blanket because it fills up quickly! Joe and I will be there volunteering (to take your donations!) on Tuesday night, so feel free to come down and say 'Hello!' For more info, visit www.ShakespeareontheSound.org
Also this week- The Rowayton Farmer's Market starts back up again, but this year it will be in Pinkney Park on Fridays, 12:30-5pm. We like this new location, as we're sure it will bring more success to each of the vendors because of the increased visability (vs the Library parking lot that it has traditionally been held in.) Please swing by if you are in town and support the local farmers and non-farmers alike!
Monday, June 8, 2009
Saturday, June 13th- PAINT ROWAYTON
We just saw the this flyer and thought we should pass along this event info- it looks like a really nice way to spend the early evening this Saturday- keep your fingers crossed for nice weather!
Rowayton Arts Center Presents:
Paint Rowayton: Art Walk & Show
Wind your way up Rowayton Avenue from Brendan's to Quester Gallery to the Arts Center to Green Moon, then The Harbor Gallery & end up at the Rowayton Historical Society at Pinkney Park. Starts at 6pm and winds up at 8:30pm. Enjoy live music, drinks, hors d'oeuvres and different artists' work at each locale. Email us if you'd like details on how to participate as an artist! :)
Rowayton Arts Center Presents:
Paint Rowayton: Art Walk & Show
Wind your way up Rowayton Avenue from Brendan's to Quester Gallery to the Arts Center to Green Moon, then The Harbor Gallery & end up at the Rowayton Historical Society at Pinkney Park. Starts at 6pm and winds up at 8:30pm. Enjoy live music, drinks, hors d'oeuvres and different artists' work at each locale. Email us if you'd like details on how to participate as an artist! :)
Sunday, June 7, 2009
Well now it's starting to feel like summertime in Rowayton! What a great weekend to live in town here- sunny and warm & everyone is out and about! We had a great public open house today at our listing at 12 Roton Avenue, so thanks to everyone who stopped by. We thought we'd post a few more photos of the house up here, for those of you who haven't gotten a chance to go to the website (http://www.12rotonave.com/.)
This house is a GREAT value- if you don't believe us, check out the MLS listings (we can set you up on http://www.listingbook.com/ with your own account so that you can see all the MLS listings.) We are so confident that we are a great deal, that we'd love to invite you to look on the MLS and see what else is out there in this range...
Monday, June 1, 2009
Happy Monday! And it is a happy one... the sun is out for once! (well, maybe the 2nd or 3rd time this Spring...)
We just wanted you all to know about our new listing in Rowayton-
This is a really special home- the location can't be beat- right in town- across the street from the pond and school fields, a few blocks from the beach and one block over from the center of town. This 1880's Victorian has been completely updated and is ready to move right in. The wraparound porch faces East, so sunrise breakfasts outside are a treat in summertime. In the winter, ice skaters make for great entertainment, just across the way. The home has 3 bedrooms & 1.5 baths. A Granite Kitchen, gorgeous hardwood floors throughout, newer C/A & a newer roof are just some of the features. A very large 3rd floor walk-up finished attic adds bonus office space, separate playspace & hang-out room- or an additional bedroom. The lot is deep, with a detached 1 car garage and ample storage space above, along with a nice quiet, landscaped yard. Check out the website (as of Tuesday, 6/2,) for detailed spec info!
**We are hosting a public open house on Sunday, June 7th from 1-3pm, so feel free to stop by- we might even have a homemade treat for you to take away! :)
Monday, May 18, 2009
Here we are 1 week away from Rowayton's official 'summer kick-off' weekend and it is 48 degrees??!! I'm thinking that usually, by now, we are in skirts and flip flops...
Well, this slow-to-pick-up weather may be contributing to a slower than usual Spring market, but as we're sure you know, it's mainly because we're still trying to fight our way out of this recession.
With that being said, we were looking at the inventory yesterday and it is just shocking how many homes are on the market- in my 8+ years selling here, I've never seen this many homes for sale! 87 homes are being marketed for sale right now and in a healthier market, we'd really like to see somewhere between 55-65. For a small village like Rowayton, that roughly 30 more homes available makes a dramatic difference. To break it down even further, so you may see where we've had some pockets of activity, we have about 5 homes under $1M that have taken offers, 2 homes between $1M-1.5M that have accepted offers, 1 home between $1.5M-2M and NOTHING over $2M is moving... This is what we'd expect, though disappointing, for a real estate market that is supposedly on the verge of 'recovery' mode. The lower price ranges are starting to see some more solid (albeit slow,) activity, which then eventually trickles up to the higher ranges... I guess what we are saying here today, is that PATIENCE is the name of this game...
Onto more fun stuff- Joe and I are having our annual Memorial Day party in Rowayton this coming Sunday. There is no place like Rowayton on Memorial Day weekend... truly! Come watch the parade make way through town and then stop over to our house on McKinley for some drinks, dogs & live music!
Monday, May 11, 2009
86 Homes on the market. 'nuf said.
Well, ok, not really.... COME ON!! Buyers! This is the most amazing opportunity, any home to choose from, combined with tax credits for first-timers & mortgage rates at all-time lows... We know you've heard it all, but every week we're seeing more and more rentals being rented and we just can't understand it!
Ok, now I'm done. :)
Well, ok, not really.... COME ON!! Buyers! This is the most amazing opportunity, any home to choose from, combined with tax credits for first-timers & mortgage rates at all-time lows... We know you've heard it all, but every week we're seeing more and more rentals being rented and we just can't understand it!
Ok, now I'm done. :)
Monday, May 4, 2009
Ok- so we can never have things just the way we want, and there will always be something to complain about... this is what I am talking about:
We have a buyer we've been working with for quite some time and they finally found a house that they both love...so what happens? We toy with the idea of making an offer and I call the listing agent...TOO LATE. The house came on the market last week and has an accepted offer with 2 backup offers behind it. So now... where is this 'slow market' when we need it?? hmm?
On another note, we heard from a client who is selling their house in Darien and thinking of moving to Rowayton... they have come to terms with a buyer and are ready to find something here- this is great news and goes right along with what we've heard- that activity is picking up in Darien. We know that everyone is not getting the prices that they were getting in the last 5 years or so, but we wish that everyone would look on the bright side- you can also BUY something that you might not have been able to afford in the last 5 years!! And these rates are still giving most buyers an opportunity that they may not see again once the rates start to creep up!
We hope you all are enjoying your spring and even though we haven't seen the sun in a few days (and they say we have a few more ahead,) we know it's around the corner and are looking forward to Memorial Day to kick off the summer season!
Take care & as always, if you hear of anyone looking to buy or sell, please let us know! :)
Monday, April 27, 2009
Hello & Happy Monday!
Well, with Easter behind us and the spring weather quickly turning into summer weather, we are gearing up for better weeks ahead! The real estate market has been slow to pick up, we admit, but we are definitely seeing better attitudes, more positive buyer-thinking and we think that this is a sign of the times to come. It's important to remember that all markets are cyclical, and from the media reports and the sales activity that we are hearing about in California, we believe that we are going to come out of this downturn by the end of this year (call us optimistic, but is there any better way to think?)
In any case, we know that the first-time buyers that we are working with are slowly jumping off the fence, which can only mean that the mid-range properties should follow suit sometime this summer...
We are soooo excited for the month of May, not only is it our first anniversary, but it is one of our favorite Rowayton holidays...Memorial Day!! We are gearing up to bring back our annual Memorial Day party on Sunday after the parade and everyone is welcome- stay tuned for the invite!
Well, with Easter behind us and the spring weather quickly turning into summer weather, we are gearing up for better weeks ahead! The real estate market has been slow to pick up, we admit, but we are definitely seeing better attitudes, more positive buyer-thinking and we think that this is a sign of the times to come. It's important to remember that all markets are cyclical, and from the media reports and the sales activity that we are hearing about in California, we believe that we are going to come out of this downturn by the end of this year (call us optimistic, but is there any better way to think?)
In any case, we know that the first-time buyers that we are working with are slowly jumping off the fence, which can only mean that the mid-range properties should follow suit sometime this summer...
We are soooo excited for the month of May, not only is it our first anniversary, but it is one of our favorite Rowayton holidays...Memorial Day!! We are gearing up to bring back our annual Memorial Day party on Sunday after the parade and everyone is welcome- stay tuned for the invite!
Monday, April 6, 2009
New Listing- Gorgeous Home in Rowayton...!! http://www.370rowaytonave.com/
We just listed this home this past weekend... located at 370 Rowayton Avenue, this architecturally re-designed Nantucket Shingle-Style Colonial has everything you'd ever want in a home!
Originally built in 1924, this house has retained all the character and charm of the original home now with almost 4,000 sq ft of living space. Amenities include a Formal Living Room with FP and coffered ceilings, Granite Kitchen & Family Room with FP, Cathedral Ceiling & double French Doors to deck, and Formal Dining Room with French Doors as well. The main living level also has a guest suite with private full bath, walk-in closet and French Doors to a private deck. The Master Suite has Vaulted Ceilings, a walk-in closet and spa bath with Jacuzzi and Marble steam shower, including a private sun-deck. This home has too many features to list… all within a quick walk to the train and affording all Rowayton amenities.
Let Joe or I know if you'd like to take a look or if you know of someone that might be interested!
Thanks! :)
Monday, March 23, 2009
Another week, another batch of new listings hit the market here in town...
We've seen some million+ properties come on the market this week- nice spots- Tuthill (for $1,699,000,) and Thomas Place, to name a few. But again, sales are slow to pick up- we did just notice that 263 Rowayton Avenue (the 'as is' house near the Jacob Street exit) has accepted an offer, so that's good news at least! It was priced at $474,900- so again, the lower prices will have to move before we see substantial activity in the more expensive properties.
But speaking from personal experience, we do have a handful of buyers looking in the lower price ranges- so we know they're out there. It's just taking a little longer these days for buyers to feel comfortable making decisions.
Onto some fun stuff- Don't forget that the Rowayton Civic Association's Annual Easter Egg Hunt is Saturday, April 11th at 10am at the Community Center! www.rowaytonct.com
We've seen some million+ properties come on the market this week- nice spots- Tuthill (for $1,699,000,) and Thomas Place, to name a few. But again, sales are slow to pick up- we did just notice that 263 Rowayton Avenue (the 'as is' house near the Jacob Street exit) has accepted an offer, so that's good news at least! It was priced at $474,900- so again, the lower prices will have to move before we see substantial activity in the more expensive properties.
But speaking from personal experience, we do have a handful of buyers looking in the lower price ranges- so we know they're out there. It's just taking a little longer these days for buyers to feel comfortable making decisions.
Onto some fun stuff- Don't forget that the Rowayton Civic Association's Annual Easter Egg Hunt is Saturday, April 11th at 10am at the Community Center! www.rowaytonct.com
Monday, March 16, 2009
Would you believe us if we told you that we hadn't updated our blog for the past two weeks because we've been too busy selling??
Well, this is the truth (minus a day or two off, so we don't get burned out, of course!)
The buyers are coming out and we've got them- we have been out there almost every single day showing something or other and that activity is increasing. We are very hopeful that the confirmed government buyer incentives and the rates are really pushing buyers to make a move and find their next property. This really is an amazing time to buy, if you are able... We can't stress this fact enough.
And if you think we're just being our usual optimistic-selves...then read on!
http://www.nytimes.com/2009/03/15/realestate/15wczone.html
This is all we have time for today... And just a reminder, though we are busy, we are NEVER too busy for your referrals! :) Do you know anyone who is considering purchasing or selling real estate? We would appreciate and welcome the opportunity to assist them.
Well, this is the truth (minus a day or two off, so we don't get burned out, of course!)
The buyers are coming out and we've got them- we have been out there almost every single day showing something or other and that activity is increasing. We are very hopeful that the confirmed government buyer incentives and the rates are really pushing buyers to make a move and find their next property. This really is an amazing time to buy, if you are able... We can't stress this fact enough.
And if you think we're just being our usual optimistic-selves...then read on!
http://www.nytimes.com/2009/03/15/realestate/15wczone.html
This is all we have time for today... And just a reminder, though we are busy, we are NEVER too busy for your referrals! :) Do you know anyone who is considering purchasing or selling real estate? We would appreciate and welcome the opportunity to assist them.
Monday, March 2, 2009
To quote a very close friend of ours....
"REALLY???!!!??"
Yes, the snow is beautiful and we do enjoy our walks down to Rivercat or Rowayton Seafood on snowy nights, don't get me wrong. But we were SOO close! I could taste Spring already! (Joe is actually happy because he loves the snow, so you can all blame him- yes, he has that much power over the weather... I think he may have prayed for it.)
Well, this will probably slow things down for a few days, at least. We're supposed to get a little warmer starting Wednesday... (www.weather.com)
Anyway... We saw a LOT of new listings come on the market this past week! And for some reason- a handful in the $2M-$3M range. All quite different though- Our favorite, of course, is our new listing at 98 Rowayton Avenue (www.98RowaytonAve.com) Definitely check it out and let us know if you or someone you know might be interested! We had 78 brokers come through our open house- the most I've ever had at one listing- and they all said it was because it looked absolutely stunning online and they HAD to see it in person...
If any of you would like, Joe and I just subscribed to a new service that we are now offering all our customers and clients- it is an online search engine that basically lets our clients search the MLS (Multiple Listing Service- for brokers,) just like Realtors do- in real time, with easy to set up search criteria. The responses we've gotten so far are amazing- everyone is loving it. Email or call us to get your own FREE account and stay on top of the market!
Well, we're off to go take some last 'seasonal' photos of the town for our photo files- Enjoy the snow & try to make the best of it- it may be the last time you can justify having a Hot Chocolate before the warmer weather is here to stay! :)
"REALLY???!!!??"
Yes, the snow is beautiful and we do enjoy our walks down to Rivercat or Rowayton Seafood on snowy nights, don't get me wrong. But we were SOO close! I could taste Spring already! (Joe is actually happy because he loves the snow, so you can all blame him- yes, he has that much power over the weather... I think he may have prayed for it.)
Well, this will probably slow things down for a few days, at least. We're supposed to get a little warmer starting Wednesday... (www.weather.com)
Anyway... We saw a LOT of new listings come on the market this past week! And for some reason- a handful in the $2M-$3M range. All quite different though- Our favorite, of course, is our new listing at 98 Rowayton Avenue (www.98RowaytonAve.com) Definitely check it out and let us know if you or someone you know might be interested! We had 78 brokers come through our open house- the most I've ever had at one listing- and they all said it was because it looked absolutely stunning online and they HAD to see it in person...
If any of you would like, Joe and I just subscribed to a new service that we are now offering all our customers and clients- it is an online search engine that basically lets our clients search the MLS (Multiple Listing Service- for brokers,) just like Realtors do- in real time, with easy to set up search criteria. The responses we've gotten so far are amazing- everyone is loving it. Email or call us to get your own FREE account and stay on top of the market!
Well, we're off to go take some last 'seasonal' photos of the town for our photo files- Enjoy the snow & try to make the best of it- it may be the last time you can justify having a Hot Chocolate before the warmer weather is here to stay! :)
Monday, February 23, 2009
Finally! It looks as though 15 Ridgewood is sold... We'd like to give that buyer, whoever they may be, a shout-out! Congratulations on getting one of the best deals under $1M in town- such a great street...great property...ready for a saavy buyer to personalize and make their own! If you like the street, but don't want to do the work, Prudential (www.prudentialct.com) does have another listing on Ridgewood for $1.329M- great space & totally updated!
But for those of you who can't buy that high, and do want that amazing deal like Ridgewood without having to do ANY work- don't forget we have 34 Hunt Street listed for $649k. How many places can claim an easy walk to town AND an easy walk to the train? (without exagerrating?) No joking-in the under $1M crowd- this house really has it all, with the most convenient location!!
Onto our new FABulous listing...
98 Rowayton Avenue... Where do we begin? The owners of this home took what was a very funky and cool home with Five Mile River views and added their personal touch to bring it to the next level- truly!
If it is possible to create a chic and sophisticated living space while keeping a casual and beachy feel all at the same time (ahem... embracing Rowayton's lifestyle!)...this home does just that. Aside from getting a completely move-right-in home, the new homeowners can expect to take over the tradition of walking across the street to '101' for breakfast, lunch & dinner- if you like! Or maybe just ice cream in the afternoons....
If you prefer to be a little more active, just walk the kayaks a block down the street to Community Dock and launch into the river! Summertime is really a treat here...The current owners flew their favorite landscape designers into town this past summer to completely re-do the yard and patio areas for a gorgeous finished product - We only wish you could see it now in all its glory... Is it Spring yet??? If you think this home could be perfect for you or someone you know, call us for a private showing today! We should have the property website up and running this week- so we'll keep you updated! www.98rowaytonave.com
But for those of you who can't buy that high, and do want that amazing deal like Ridgewood without having to do ANY work- don't forget we have 34 Hunt Street listed for $649k. How many places can claim an easy walk to town AND an easy walk to the train? (without exagerrating?) No joking-in the under $1M crowd- this house really has it all, with the most convenient location!!
Onto our new FABulous listing...
98 Rowayton Avenue... Where do we begin? The owners of this home took what was a very funky and cool home with Five Mile River views and added their personal touch to bring it to the next level- truly!
If it is possible to create a chic and sophisticated living space while keeping a casual and beachy feel all at the same time (ahem... embracing Rowayton's lifestyle!)...this home does just that. Aside from getting a completely move-right-in home, the new homeowners can expect to take over the tradition of walking across the street to '101' for breakfast, lunch & dinner- if you like! Or maybe just ice cream in the afternoons....
If you prefer to be a little more active, just walk the kayaks a block down the street to Community Dock and launch into the river! Summertime is really a treat here...The current owners flew their favorite landscape designers into town this past summer to completely re-do the yard and patio areas for a gorgeous finished product - We only wish you could see it now in all its glory... Is it Spring yet??? If you think this home could be perfect for you or someone you know, call us for a private showing today! We should have the property website up and running this week- so we'll keep you updated! www.98rowaytonave.com
Monday, February 9, 2009
We really lucked out this weekend with the weather- Prudential Connecticut had our Statewide Open House event and we couldn't have had more sun or warmer temps (for February,) to boost activity for the weekend. Joe and I hosted an open house on Sunday and I've never had that many people through the front door in a 2-hr period!
Let's hope the weather keeps up- this should help buyer enthusiasm greatly!
For those of you who hadn't noticed- that home at the end of Crooked Trail that seems to have been frozen in mid-construction with the winter weather, has finally come on the MLS for sale at $779,900. I remember going to look at it with my father (builders always want to go check out other job sites in their free time...??) It was maybe early Fall and the sign posted on the front told us to call the lawyer handling the foreclosure for buyer inquiries. Well, the lawyer didn't know a thing about it, and then after calling the bank, the bank pointed back to the lawyer... I'm pretty sure this may be why the home has been sitting there for months and months... But now we've all got access to it, as it is officially listed for sale- it seems to be good construction and the main framing work is done. It would just need someone to finish it off. The location is nice and quiet, yet there is a footpath that takes you right over to the Rowayton train station within a couple of minutes. (You can see the train go by all the way at the back of the property, but it is far enough back that I don't think it would impact your outdoor enjoyment much.)
If you'd like more info on this home or anything else that you see while driving (or hopefully, WALKING now,) give us a call! :)
Have a great week!
Let's hope the weather keeps up- this should help buyer enthusiasm greatly!
For those of you who hadn't noticed- that home at the end of Crooked Trail that seems to have been frozen in mid-construction with the winter weather, has finally come on the MLS for sale at $779,900. I remember going to look at it with my father (builders always want to go check out other job sites in their free time...??) It was maybe early Fall and the sign posted on the front told us to call the lawyer handling the foreclosure for buyer inquiries. Well, the lawyer didn't know a thing about it, and then after calling the bank, the bank pointed back to the lawyer... I'm pretty sure this may be why the home has been sitting there for months and months... But now we've all got access to it, as it is officially listed for sale- it seems to be good construction and the main framing work is done. It would just need someone to finish it off. The location is nice and quiet, yet there is a footpath that takes you right over to the Rowayton train station within a couple of minutes. (You can see the train go by all the way at the back of the property, but it is far enough back that I don't think it would impact your outdoor enjoyment much.)
If you'd like more info on this home or anything else that you see while driving (or hopefully, WALKING now,) give us a call! :)
Have a great week!
Monday, February 2, 2009
Hello & Happy February!
Ok- So it is true, the house on Cudlipp Street that came on the market just 2 weeks ago today did actually sell to a buyer who walked into the public open house!! So listen up folks: They are out there!! We realize that Cudlipp was truly 'priced to sell,' but it just goes to show that there are buyers out there who are ready & able!
Anyone thinking about making a move, now is really the time to buy!!
Our office also has a new listing that is in one of the most spectacular locations in Rowayton- 41 Bluff Avenue.
Built in 2001 by Ted McFarlin (ETM Construction, here in Rowayton,) this house is really killer-check out this sunrise!!!
This direct waterfront home is priced at $3.1M and if you'd like to full listing info or even want to take a closer look in person, just let us know! (203)803-9634
Monday, January 26, 2009
Good Morning & Happy Monday!
Ok- We think things may begin happening soon for the 2009 Rowayton market... We are starting to see a few things that indicate some positive activity.
Meggan wanted to show a listing today that came on the market last week on Cudlipp Street and it's already got an accepted offer- wow! That's good news...
We saw a great house on one of our favorite streets come on the market last week for $925k- Are you familiar with Dibble Street? It's super cute, quaint and quiet- and it's about a 5 min walk into town and less than 5 min walk to the train- perfect!
But if you are looking for an AMAZING deal and want to be in Rowayton, we are putting on a house this week for $649,000. It has 3 bedrooms, 2 full baths, 2 fireplaces, a 2 car garage & is updated very nicely. It's been so well maintained- the owner recently even put in extra insulation to make sure we were as efficient as possible and installed a CT Basement System so there would never be any worries with the basement and water (as you know can be an issue in Rowayton!) This house is truly "Move Right In." And one of the best parts? You can walk to the train- it's a short 5 min walk and there is also a cut-through path near the house that you can walk through to get to town- we'd say it's also about 5 minutes to get into the village center. This house has a great backyard and is really a steal- the homeowner decided that they are serious about selling, so it is priced to go quickly! Let us know if you or anyone you know might be able to take advantage of this opportunity!
All these things are pointing in a direction of a healthier real estate market for 2009- realistic prices, houses selling quickly, and amazing interest rates to keep it all going... Call us if there is anything else that you see and might have questions on!
Have a great week...
Ok- We think things may begin happening soon for the 2009 Rowayton market... We are starting to see a few things that indicate some positive activity.
Meggan wanted to show a listing today that came on the market last week on Cudlipp Street and it's already got an accepted offer- wow! That's good news...
We saw a great house on one of our favorite streets come on the market last week for $925k- Are you familiar with Dibble Street? It's super cute, quaint and quiet- and it's about a 5 min walk into town and less than 5 min walk to the train- perfect!
But if you are looking for an AMAZING deal and want to be in Rowayton, we are putting on a house this week for $649,000. It has 3 bedrooms, 2 full baths, 2 fireplaces, a 2 car garage & is updated very nicely. It's been so well maintained- the owner recently even put in extra insulation to make sure we were as efficient as possible and installed a CT Basement System so there would never be any worries with the basement and water (as you know can be an issue in Rowayton!) This house is truly "Move Right In." And one of the best parts? You can walk to the train- it's a short 5 min walk and there is also a cut-through path near the house that you can walk through to get to town- we'd say it's also about 5 minutes to get into the village center. This house has a great backyard and is really a steal- the homeowner decided that they are serious about selling, so it is priced to go quickly! Let us know if you or anyone you know might be able to take advantage of this opportunity!
All these things are pointing in a direction of a healthier real estate market for 2009- realistic prices, houses selling quickly, and amazing interest rates to keep it all going... Call us if there is anything else that you see and might have questions on!
Have a great week...
Tuesday, January 20, 2009
Monday, January 19, 2009
Ok.... So we've got more of the same of the beautiful white stuff coming down from the sky, which means some extra deterrent for showing properties...We're thinking that maybe we'll just share some negotiating techniques that we've learned. The man who provided us with these fantastic tips is John Hamilton. He is what we'd call a 'Master Negotiator' and we were lucky enough to hear him speak this past year as a treat. If you're interested in learning more about him, his website is www.jhseminars.com
So seeing as how we're in what we call a 'Buyer's Market,' we thought we'd just throw out this idea list from John Hamilton's negotiation tips. This one is for the sellers out there that might be thinking of putting their home on the market, but are not sure how to best price the home in such a challenging market...
13 Pricing Misconceptions
Beware the Loss of Objectivity! Home sellers are too prone to adopt costly misconceptions, such as…
1. Thinking buyers won’t notice the flaws and detriments of their house.
2. Believing what others tell them they can get for their house.
3. They’re entitled to get back every dime they’ve invested in maintaining the house.
4. They’re entitled to more money because they’re moving to a higher priced area.
5. Buyers will appreciate the every décor and decorating effort of the sellers.
6. Buyers will notice and appreciate how well the house if built and pay more for it.
7. Most neighborhood sellers sell at their list price.
8. Every price must have a ‘negotiating cushion’ well above its likely value..
9. If agents would simply promote the property more any price can be realized
10. Regardless of price, agents will show it.
11. Buyers will make offers regardless of the ask price.
12. If one waits long enough they’ll get their price.
13. Every seller is entitled to sell at a profit.
Sellers need to see their property through the eyes of the buyers.
So perhaps this may help some of you reading this that need to come up with a price...? If you are a buyer in today's market and would like some additional negotiating tips, just let us know!
In the meantime, enjoy the lovely snow & stay safe and warm!
So seeing as how we're in what we call a 'Buyer's Market,' we thought we'd just throw out this idea list from John Hamilton's negotiation tips. This one is for the sellers out there that might be thinking of putting their home on the market, but are not sure how to best price the home in such a challenging market...
13 Pricing Misconceptions
Beware the Loss of Objectivity! Home sellers are too prone to adopt costly misconceptions, such as…
1. Thinking buyers won’t notice the flaws and detriments of their house.
2. Believing what others tell them they can get for their house.
3. They’re entitled to get back every dime they’ve invested in maintaining the house.
4. They’re entitled to more money because they’re moving to a higher priced area.
5. Buyers will appreciate the every décor and decorating effort of the sellers.
6. Buyers will notice and appreciate how well the house if built and pay more for it.
7. Most neighborhood sellers sell at their list price.
8. Every price must have a ‘negotiating cushion’ well above its likely value..
9. If agents would simply promote the property more any price can be realized
10. Regardless of price, agents will show it.
11. Buyers will make offers regardless of the ask price.
12. If one waits long enough they’ll get their price.
13. Every seller is entitled to sell at a profit.
Sellers need to see their property through the eyes of the buyers.
So perhaps this may help some of you reading this that need to come up with a price...? If you are a buyer in today's market and would like some additional negotiating tips, just let us know!
In the meantime, enjoy the lovely snow & stay safe and warm!
Tuesday, January 13, 2009
Ok, so with a little snow & ice, our weekend activity might have been slowed...JUST a little... :)But, even with that thrown in there, we saw a little more activity trickle into the market this past weekend. A few agents reported increased traffic at their open houses, and also that some potentially viable buyers walked through the door! Even further than that, agents at the office over the weekend reported a few more phones ringing, which is always a good sign. January is always tough to predict, snowstorms being such a variable...
We do wonder if we will start to have an easier time finding the books & movies that we like to rent at the Rowayton Library, now that the Darien Library is open again... We are keeping our fingers crossed! :) You can check out what's available at: http://www.rowaytonlibrary.org/
As far as real estate goes for the remainder of the month, we expect it to continue a slow-but-steady pick-up in the activity... The buyers out there are finally seeing that taking advantage of these rates would be in their best interest in 2009, and sellers have an opportunity right now to 'trade-up' if they want to make a nice gain on the 'buy' side- so this could be a win-win for everyone if we all play our cards right...
In the meantime, we are working hard at the office- feel free to call us if you need anything or if you know anyone that can use our services! :)
We do wonder if we will start to have an easier time finding the books & movies that we like to rent at the Rowayton Library, now that the Darien Library is open again... We are keeping our fingers crossed! :) You can check out what's available at: http://www.rowaytonlibrary.org/
As far as real estate goes for the remainder of the month, we expect it to continue a slow-but-steady pick-up in the activity... The buyers out there are finally seeing that taking advantage of these rates would be in their best interest in 2009, and sellers have an opportunity right now to 'trade-up' if they want to make a nice gain on the 'buy' side- so this could be a win-win for everyone if we all play our cards right...
In the meantime, we are working hard at the office- feel free to call us if you need anything or if you know anyone that can use our services! :)
Monday, January 5, 2009
Happy '09 Everyone!!!!
Hi all! Well, we’re kicking off 2009 with a quiet start, but this is usually the case for the first week in January. It would be nice to follow our normal ‘Spring’ trends and pick up business activity come mid-month, but only time will tell… We all know that we are in a different market than we have been before, so let’s keep our fingers crossed that the mortgage rates help us start the new year off with a bang!
So no news yet, but stay tuned next week for more updates and perhaps a little more insight into what the rest of our winter is going to look like here in Rowayton!
We hope you and yours had a happy & healthy holiday season and we wish you the best of everything in 2009!
So no news yet, but stay tuned next week for more updates and perhaps a little more insight into what the rest of our winter is going to look like here in Rowayton!
We hope you and yours had a happy & healthy holiday season and we wish you the best of everything in 2009!
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