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tourrealtor: 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)

tourrealtor: 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.
 
 
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Rob Giuffria, GMS, President|Broker|Loan Officer|REALTOR

Farmington, CT

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Prudential Premier Homes

Address: Farmington, CT, 06032

Office Phone: (800) 837-2750

Cell Phone: (860) 796-4555

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Connecticut's leading expert on $1M+ homes offers advice on buying and selling luxury homes.


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