fairfield county: Sherman, CT January 2007 Market Report
- 02/02/07 10:07 AM
Sherman, Connecticut Real Estate UpdateJanuary 2007
Closed home sales in Sherman, Connecticut:
In January of 2007, there were 5 home sales closed in Sherman, CT.List Prices ranged from $300,000 - $2,795,000.Closed Sales Prices ranged from $290,000 for a smaller ranch in a Candlewood Lake community to $2,690,000 for a 6,500 square foot home on 2 Candlewood Lake waterfront acres.
The average closed sales price was $936,000.
On average, these homes sold for 96% of their list price.Days on Market ranged from 43 - 484 days, with the average being 184 days of market time.
This compares to 9 homes that closed sale in January, … (0 comments)
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fairfield county: Danbury, CT January 2007 Market Report
- 02/02/07 09:08 AM
Danbury, Connecticut Real Estate UpdateJanuary 2007
Closed home sales in Danbury, Connecticut:
Single Family Homes:In January of 2007, there were 25 single family home sales closed in Danbury, CT.List Prices ranged from $160,000 - $725,000.Closed Sales Prices ranged from $128,000 - $715,000.
The average closed real estate sales price for single family homes in Danbury for the month of January was $375,000.On average, these homes sold for 96% of their list price.Days on Market ranged from 36 - 460 days, with the average being 153 days of market time.
However, homes that were priced correctly for the market sold for 97% - 100% of their list … (0 comments)
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fairfield county: New Fairfield, CT January 2007 Market Report
- 02/02/07 01:46 AM
New Fairfield, Connecticut Real Estate UpdateJanuary 2007
Closed home sales in New Fairfield, Connecticut:
In January of 2007, there were 12 home sales closed in New Fairfield, CT.List Prices ranged from $329,999 - $1,299,000.Closed Sales Prices ranged from $289,350 - $1,250,000.
The average closed real estate sales price for New Fairfield for the month of January was $610,000.On average, these homes sold for 94% of their list price.Days on Market ranged from 50 - 382 days, with the average being 155 days of market time.
However, homes that were priced correctly for the market sold for 96% - 100% of their list … (0 comments)
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fairfield county: New Fairfield, CT Creates Emergency Notification System
- 01/24/07 09:23 AM
New Fairfield, Connecticut, has created the Alert Now Emergency Notification Program, which will notify town residents of any emergency situations in the town. Notifications will be made for:
Utility outages Town evacuations Chemical spills Road closures Public health emergencies Shelter information Any other town emergency This program is similar to the school notification system already in place, which contacts households with schoolchildren of any important school news and information.
Enrollment in this new program is free and voluntary for all town residents, and all enrollment information will be kept confidential. Notifications will be made via a recorded telephone message and/or an … (0 comments)
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fairfield county: Bethel, CT Seniors Can Receive Property Tax Relief
- 01/22/07 01:18 AM
Bethel, Connecticut senior citizens can receive discounts on their real estate property taxes, but they must apply by May 15, 2007, to be eligible for the tax relief for the July 1, 2007 - June 30, 2008 property tax year. Certain income requirements must be met in order to qualify.
Property tax discounts for seniors range from 10% - 75%, depending on income, as detailed in the chart below:
INCOME TAX CREDIT$0 - $14,400 75%$14,401 - $19,400 60%$19,401 - $24,200 45%$24,201 - $28,800 30%$28,801 - $35,300 15%$35,301 - $42,800 10%
Eligible seniors must apply through the through the town's tax collector's office between … (0 comments)
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fairfield county: New Fairfield, CT School Administrators Enter the Computer Age
- 01/17/07 03:34 AM
New Fairfield, Connecticut School District administrators are entering the computer age. Beginning on or about January 24, 2007, all school policies will be available online at the district's website.
Utilizing a service of the Connecticut Association of Boards of Education (CABE), all district policies will be available for the public to view at their leisure. Currently, school policies are only available through the Superintendent's office under the Freedom of Information Act; those wishing to receive copies of the policy may be charged at the cost of $0.25 per page.
This new online availability of district policies will ensure that current policies are available … (0 comments)
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fairfield county: Connecticut Agency Representation Laws
- 01/15/07 05:43 AM
The state of Connecticut's Real Estate Licensing Regulations require real estate licensees to enter into a written agreement with a buyer prior to negotiating on behalf of that buyer.
In Connecticut, without a written buyer representation agreement:
A buyer agent cannot request confidential information for the buyer A buyer agent cannot express opinions or provide advice about any particular real estate A buyer agent cannot show you homes listed by other brokerage firms A buyer agent cannot discuss an offer with you, the buyer A buyer agent cannot negotiate for you, the buyer, on any terms of a purchase It is … (2 comments)
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fairfield county: Connecticut's 2007 Security Deposit Interest Rate
- 01/12/07 01:19 AM
As per Connecticut law, landlords must pay interest on the security deposits they receive from their residential tenants.
For the 2007 calendar year, this interest rate has been set at 1.5%, which is unchanged from 2006..
Landlords in Connecticut are allowed to require up to the equivalent of two months' rent as a security deposit, including any "pet deposits" or "last month's rent." For tenants aged 62 or over, landlords may only require the equivalent of one month's rent as a security deposit. Landlords may not commingle security deposit funds with their personal funds.
Upon the tenant vacating the property, the landlord has … (2 comments)
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fairfield county: Value vs. Appeal
- 01/11/07 03:33 AM
When marketing your home for sale, among all the preparation that must be done to make your home stand out amongst the competition, you also need to consider your home's appeal. The appeal of your home may not result in a direct increase of the market value of your home. However, it can certainly help.
Items that add value to your home include the home's square footage, the granite kitchen and the covered porch. They may not add as much value as their original cost, but they certainly do add some value.
Items that add to the appeal of your home include … (18 comments)
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fairfield county: Pricing Issues: Location
- 01/06/07 01:46 AM
When it's time to sell your home, among the myriad of things to do to get your house ready for sale, you must determine the best price at which to list and market your home. Price too high, and buyers and their agents may not even come to see your home. Price too low, you may enjoy a quick sale, but you could leave money on the table. Pricing competitively - based on recent similar sold homes while considering the current active competition for your home - will result in more showings, more interest and the achievement of your goal: the sale … (6 comments)
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fairfield county: Pricing Issues: Square Footage
- 01/03/07 06:18 AM
When determining the value of a home, your agent will first take into consideration the home's Gross Living Area, otherwise known as square footage.
The Gross Living Area of your home includes the fully-finished, above-grade areas of your home. Typically not included are basements, attics, garages and enclosed or covered porches.
One of the most common discrepancies I see with homes listed for sale here in the Danbury, Connecticut area is that sellers and their agents sometimes include a finished basement in the total square footage of the home. Below-grade areas, whether finished or not, are not calculated into the total … (15 comments)
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fairfield county: Remove Valuables when Selling Your Home
- 01/03/07 03:44 AM
When listing your home for sale, you will be instructed by your agent to clean-up and fix-up your home before the first buyer takes a look.
A previous post discussed removing anything from the home that you wish to exclude from the sale. Further discussion of that post revealed that sellers should also consider what personal property in the home is valuable to them - monetarily or sentimentally - and remove them.
Remove all valuables from your home during the marketing period. It doesn't matter if these items are expensive or just irreplaceable in your heart. There's no need to let the … (8 comments)
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fairfield county: Your Home Must Appraise for the Sale Price
- 01/02/07 11:37 AM
When sellers and their agent are determining at what price to list their home for sale, it is important to remain realistic about the market and the home's current market value.
Price your home too high and buyers and their agents will probably ignore your home, or use it to sell other, better-priced homes. If the home does sell at too high of a price, then it may not make it through the appraisal phase of the contract. If the home cannot appraise at the purchase price, then the buyers may not be able to obtain financing. Assuming there is an appraisal … (4 comments)
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fairfield county: 5 Reasons to Buy in New Fairfield, CT
- 12/31/06 07:39 AM
I've been asked to write the five reasons to buy in my area. I'll start in the town I live in, New Fairfield, Connecticut.
Top 5 Reasons to Buy in New Fairfield, Connecticut
It's beautiful, small-town New England charm. With a population of right right around 14,000, New Fairfield has grown into a charming suburb while still maintaining its small-town roots. Recreation. Bordering Candlewood Lake, the largest lake in the state of Connecticut, New Fairfield enjoys year-round recreational activities, from boating to fishing to swimming to hiking to ice-skating. New Fairfield is also home to Squantz Pond, a state park … (5 comments)
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fairfield county: What Kind of Market are We in?
- 12/26/06 05:50 AM
Everyone wants to know what the real estate market is like today. Is it a bubble? Is it going to burst? Did it burst already? I don't have a crystal ball, so I can't claim to know all the answers. But, as a real estate agent, I can make some educated guesses based on experience.
I don't believe my market area (Western Connecticut/Greater Danbury area) is experiencing a bubble, nor are there any signs of an impending bubble burst. Prices have stabilized. Some areas have seen slight price reductions, other areas continue to see slight appreciation rates. Normalcy has returned to the home … (6 comments)
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Sherman, Connecticut Real Estate UpdateJanuary 2007
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