|
| |
Winds of Change - 01/21/10 10:38 AM
It is interesting how things that happen a world away can have an affect on our everyday lives. Some Chinese banks have been told to stop lending through the end of January. What, you may ask, does that have to do with the state of real estate in Connecticut? Plenty, maybe....
Chinese Premier Wen Jiabao recently stated that China may have to slow the flow of credit. There are rumblings of an over heated credit market, and bubbles building in real estate and commodity prices in China. Sound familiar? An overheated economy causes inflation, and by pulling back lending, Chinese economists hope to keep … (3 comments)
|
Weekend Warriors - Beware of the Dangers of Asbestos - 01/19/10 02:08 PM
We all have them. Those clients determined to turn that diamond in the rough into a real estate showpiece. I am writing to alert all of us to the dangers of asbestos. Perhaps we can prevent their exposure to airborne asbestos fibers, and an illness that can take thirty years or more to manifest itself: Mesothelioma. Mesothelioma is a rare and agressive cancer that attacks the lining of the lungs, heart and/or abdomen. Much of the the technical information is provided by Joe Lederman, National Awareness Coordinator of the Mesothelioma Center, and is used with his permission. It is meant to raise awareness and … (3 comments)
|
Do You Have a C.L.U.E.? - 01/14/10 01:04 PM
In reading the Wall Street Journal online a few moments ago, I came across an acronym I have not seen before: C.L.U.E. It is a report, found on LexisNexis, which is issued by the Comprehensive Loss Underwriting Exchange. The report gives a home's history of claims made for property damage over the past 7 years. If no claims have been made to an insurance company in that time, the report will come back clear.
Obtaining a copy of this report might be in order where there is suspicion of damage, such as a fire, that has not been disclosed to a prospective … (5 comments)
|
Buyers: Know Your Credit Score - 01/13/10 10:10 AM
As we prepare our buyers for the Spring market, we must remind them of the power of a credit score. It will affect what they pay for a mortgage, insurance and any other credit they use. All consumers are entitled to a free credit report once per year, and January is a good time to obtain one. Your buyers can log on to www.annualcreditreport.com or they can go to one of the credit agencies' sites. The sooner they know their "number", the sooner they can correct any errors and work to improve their scores.
Buyers need to know that "their score" refers to the … (3 comments)
|
the ABCccccc's of Preparing Your Home for Sale - 01/12/10 01:54 PM
In anticipation of the 2010 Spring selling season, here is a short, if stuttering, list of to-do's for our sellers. In preparing to sell a home, they must think of it as a beauty contest to come, and tackle projects with the purpose of finishing first. There are lots of buyers out there now, looking to take advantage of the Homebuyers Tax Credits, which expire April 30, 2010. Sellers have a window of opportunity and need to make the most of it.
A. Architectural features - those lovely details that make your heart skip a beat. Make sure they are highlighted, and not covered up … (0 comments)
|
The ABCs of the Buyers Tax Credit - 01/07/10 09:09 AM
Few agents are marketing the 2010 Tax Credit for Homebuyers, perhaps because it is a bit confusing. In order to shed light on the subject, here are some simple steps to learning about the credit. Use them to give your buyers an incentive to move.
A) $8000 is available for first time homebuyers, who have a house under deposit by April 30, 2010. They have until July 1st to close. First time homebuyers are those 18 and over, who have not owned a home in the past three years. If they are single, they must earn less than $125,000 to qualify … (4 comments)
|
The State of the Hamden Market 2010 - 01/05/10 09:55 AM
There is no inventory! As of this morning, there are only 148 active listings in our town of over 60,000 people. Another 19 single family homes are on "show" status, indicating that there is a contract on the table, pending financing and other contingencies. Anyone looking for a home in town, has very little to choose from in any price range. The bulk of the inventory is priced between $200,000 - $300,000, with the averaging listing price of about $250,000. $300,000 can buy you a three bedroom, two bath, 2000 square foot home. Prices seem to be stabilizing. While we are seeing … (2 comments)
|
Today is the first day............... - 01/04/10 12:58 PM
Well you know the rest of the quote. Today, however, is the first day of the new way you are going to do business in 2010. It's time to look at past practices and determine what has been successful and what is to be discarded. I have three focuses for the new year: more referral business, more technology and more face to face time with my spheres of influence.
Referrals: As a CRS and a member of Active Rain, there are ample opportunities to send out referrals and collect some in return. People are always on the move. In my local … (0 comments)
|
|
|
|
Millie Legenhausen, CRS, GRI, CIPS, MBA
Hamden,
CT
More about me…
Home & Hearth Realty, Hamden, Connecticut
Address: 1220 Whitney Avenue, Suite C-1, Hamden, CT , 06517
Office Phone: (203) 287-1886
Cell Phone: (203) 214-4447
Email Me
Local market commentary, general economy commentary, sharing of lessons learned from years of experience in changing real estate markets.
 Listings
Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
;)
