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rob giuffria: Tips for listing houses to get best price - Tolland_Glastonbury, CT | Rob Giuffria, GMS, REALTOR - 12/14/09 12:15 PM
by Harlan Levy, The Journal Inquirer
Published: Wednesday, October 21, 2009
The Journal Inquirer | Harlan Levys Consumer Diary
Over the weekend my wife and her brother finally succeeded in selling their late mother's 45-year-old house in Armonk, N.Y., after months on the market starting last summer. The sale price was about $150,000 below its original list price.What a bummer, especially since within a week of the listing a neighbor's adult children had checked the house out a few times, complained about several problems, and ended up offering $75,000 less than the list price. But my brother-in-law was fed up with … (0 comments)
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rob giuffria: Physician Relocates to Devonwood | Prudential Premier Homes - Rob Giuffria, GMS | Farmington - 12/14/09 12:05 PM
Hartford Courant | July 5, 2009
Dr. Shabnam Lainwala knew little about Connecticut when she and her husband, Vijay Murthy, began hunting for homes in June 2008. The neonatologist and her IT-executive spouse were relocating from the Boston area and wanted a community with a cosmopolitan feel, good schools and close proximity to Connecticut Children's Medical Center, where Lainwala, 43, would work.West Hartford seemed a good fit, but the available homes then had small yards, needed too much work or exceeded the couple's $800,000 price cap.Eventually, to their surprise, Lainwala and Murthy, 47, found the right house and neighborhood in Devonwood, … (0 comments)
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rob giuffria: 50 Cent Pulls Farmington Mansion Off The Market (Rob Giuffria, GMS) |Prudential Premier Homes - 12/14/09 11:58 AM
By ROBIN STANSBURY | Special to The Courant | June 2, 2009
Rapper 50 Cent's 50,000-square-foot Farmington mansion is located on 17 acres and has 19 bedrooms and 37 bathrooms, as well as a gym, a disco with a 'dancing' room complete with stripper poles. (Keller William Realty / June 1, 2009)
Rapper 50 Cent's opulent Farmington mansion - priced at more than $14 million - is off the market after nearly two years and no buyers, according to local real estate agents.The home, which the famous rapper bought in 2003 for $4.1 million, was for sale for 722 days, first … (1 comments)
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rob giuffria: Buying For Resale in West Hartford | Go Mainstream: It's Important To Follow Your Head, Not Let Yourself Be Swept Away - 04/16/09 01:19 PM
COVER STORY | Hartford Courant Real Estate
Buying For Resale
Go Mainstream: It's Important To Follow Your Head, Not Let Yourself Be Swept Away (West Hartford)
By VALERIE FINHOLM | Special to The Courant | April 12, 2009
When Joseph Grabicki and his wife started looking for a house, they had a list of what they wanted. One of the most important things: How easy would it be to resell?"We didn't know how long we were going to be here," said Grabicki, who is a physical therapist. "You never know."The couple ended up buying a 2,100-square-foot four-bedroom colonial in the Buena … (0 comments)
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rob giuffria: Why Has A Home Been On The Market A Long, Long Time? The Price (Farmington, CT) - 03/30/09 02:49 PM
COVER STORY - Hartford Courant, Real Estate Section
Why Has A Home Been On The Market A Long, Long Time? The Price
By ROBIN STANSBURY | Hartford Courant | March 29, 2009
It's taking longer for homes to sell in the Greater Hartford area, an average of more than two months. But some homes seem to sit - and sit and sit and sit - on the market much longer than others.Like the historic home on North Main Street in Suffield that has been listed for sale for nearly 1,100 days, or the house on Avalon Drive in Middletown that has … (1 comments)
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rob giuffria: Right On The Money: You Need A Clear-Eyed Assessment Of What Your House Is Really Worth - 10/06/08 08:22 AM
April 06, 2008 | The Hartford Courant - The home is in historic downtown Farmington, Connecticut, a 10,000-square-foot mansion built in 1917, with a 2,000-square-foot pool house overlooking the Farmington River.
It was listed for sale in 2005 with a $9.8 million price tag.
Then it was reduced to $8.8 million.
Then reduced again.
And again.
And again.
Now, almost three years later and still on the market, the home has an asking price of $5.695 million -- a more than 40 percent reduction.
How do you overprice a house by millions?
Actually, it's not that the home isn't worth millions. … (0 comments)
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rob giuffria: Success Tips For Selling High-End Homes - 10/05/08 07:52 PM
Price The House Realistically, And Make It Attractive For The Market, Experts Advise
By THERESA SULLIVAN BARGER | Hartford Courant | October 5, 2008
Before listing their Avon house, Joseph Rosamilia and his wife spent several months preparing it for sale. They updated their kitchen appliances and remodeled baths, removed wallpaper and painted walls a neutral color. They installed a new walkway, power-washed the house and deck, and hired landscapers to spruce up their property.They also listed the 5,233-square-foot, five-bedroom house at $950,000, the price recommended by their real estate broker. That's about $50,000 less than neighborhood comparables. They're hoping for … (0 comments)
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rob giuffria: NAR Publishes Optimistic Forecast for Hartford Metro Region - 01/16/08 08:13 PM
By: Rob Giuffria, GMS; 1-860-796-4555; rob@tourrealtors.com; http://www.premierhomeexperts.com/;
Here's another rosey forecast for home prices published by the NAR. Here's an excerpt...
NATIONAL ASSOCIATION OF REALTORS®
Despite some media reports of the worst housing market conditions since the early 1990s, or even since the
Great Depression, the recent home price declines have been negligible at the local level. Unlike past local
housing downturns, which were accompanied by severe job cuts, the local economy continues to add jobs.
Apartment rents have been rising at the highest pace in five years, which will begin to encourage some renters
to seriously consider ownership. Mortgage rates have also been falling recently and stood … (0 comments)
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rob giuffria: NAR Continues to Misrepresent Data: Days on Market Calculation is Understated - 11/25/07 08:48 PM
By: Rob Giuffria, GMS; 1-860-796-4555; rob@tourrealtors.com; http://www.robgiuffria.com/
Our number #1 trade group continues to publish inherently flawed data. The latest example, the Days on Market (DOM) calculation, does not include time on market for listings that were previously listed, but not sold. How can a trade group that supposedly has our best interest in mind keep publishing patently false data? These inaccuracies perpetuate NAR's image of a real estate cheerleader, instead of a source for objective data.
Please let me know your thoughts on what you think of the NAR's job during the last year representing us in the media.
Happy selling and let's … (0 comments)
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rob giuffria: Title Insurance Costs In Connecticut - Farmington/West Hartford/Avon/Glastonbury - 11/18/07 05:49 PM
By: Rob Giuffria, GMS; 1-860-796-4555; rob@tourrealtors.com; http://www.robgiuffria.com/
Title insurance (TI) protects a home buyer against claims to the title of their home. A TI policy is generally a good idea, but a home buyer should understand their options when purchasing a policy. The easiest method is to purchase a policy offered through the buyers' attorney. The largest group offering policies in Connecticut is CATIC. See table below for rates.
These rates are approximate, but should give you a good idea of the cost of a policy. Also, you should know that your attorney gets paid 60% of the premium cost and … (0 comments)
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rob giuffria: How To Calculate Connecticut Conveyance Tax - 11/18/07 05:15 PM
The state of Connecticut charges a conveyance tax (1/2% on first $800K and 1% on additional value) on the sale of a home. Also, the local town charges 1/4% and can charge an additional 1/4% if they are in an economic development zone. The tax is paid by the seller and is collected by the town clerk when the deed is filed. Here's the formula for calculating the tax due:
Sale Price: 0-$800,000, then (SP*.005) + 1% of the value >$800,000.
Example: Sale price of $475,000 (.005+.0025) = $3,562.50
Contact Rob via email at rob@tourrealtors.com or by phone at 860.796.4555 for questions regarding real estate tax issues.
… (0 comments)
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rob giuffria: Seller Case Study 2007 #2: 1 Sconsett Point, Avon CT 06001 - 11/11/07 06:39 PM
By: Rob Giuffria, GMS; 1-860-796-4555
I believe the case study method is one of the most effective vehicles for learning and I would like to begin a new series for home seller and buyers. This is the first in a series of real world real estate examples that includes actual stories and the associated outcomes. Names might be changed and figures amended to protect the innocent/guilty client. However, these stories are real! Please email me at Rob@TourRealtors.com for questions regarding this series or visit me on-line at http://www.robgiuffria.com/. Thanks for visiting!
Client
A mid-level executive at a local Fortune 100 company. This client said they were familar … (2 comments)
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rob giuffria: Seller Case Study 2007_1:Investor Who Over-Spent on a Rehab House_West Hartford CT - 11/11/07 08:36 AM
By: Rob Giuffria, GMS; 1-860-796-4555
I believe the case study method is one of the most effective vehicles for learning and I would like to begin a new series for home seller and buyers. This is the first in a series of real world real estate examples that includes actual stories and the associated outcomes. Names might be changed and figures amended to protect the innocent/guilty client. However, these stories are real! Please email me at Rob@TourRealtors.com for questions regarding this series or visit me on-line at www.RobGiuffria.com. Thanks for visiting!
Client
During an open house, I was approached by gentleman who said that he was … (0 comments)
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Rob Giuffria, GMS, President|Broker|Loan Officer|REALTOR
Farmington,
CT
More about me…
Prudential Premier Homes
Address: Farmington, CT, 06032
Office Phone: (800) 837-2750
Cell Phone: (860) 796-4555
Email Me
Connecticut's leading expert on $1M+ homes offers advice on buying and selling luxury homes.
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