Paradigm Shift in Real Estate - 02/20/10 06:23 AM
Relying solely upon customer service, work ethic, and organizational skills is long gone. Don't get me wrong....it is easy to thrive in a normal market when mistakes are quickly erased by increasing property values. Simply matching buyers and sellers as a profession will not cut it in this market.
Today, we must gather "Insider Information" and help our clients make the best decisions possible. Utilization of strategies, economics, trending, and creativity are a necessity when buying and selling property in a turbulent market. The risks associated with real estate have never been greater in history, yet the advantages of making the right … (5 comments)

Is the prequalification letter helping or hurting our buyers? - 02/16/10 06:01 AM
I recently dealt with a lender from a National Bank who insisted upon placing the amount that the buyer qualified for in the prequalification letter.
After many years of study and implimentation I have come to the conclusion that I am doing a complete disservice to my buyer by showing the listing agent that my client is capable of paying full price for the property. I would much rather submit a prequalification letter that says the following:
All the typical information in a prequal letter......Joe Smith, has been prequalified to purchase the property located at 123 Main St, Anytown,USA.  All the typical … (3 comments)

I want to pay more taxes in 2010 - 02/12/10 07:33 AM
After doing my taxes for 2009 I have come to the conclusion that I want to pay more taxes in 2010. I also want to work closely with my cpa to make sure that I maximize deductions. There are many oportunities to get ahead this year. I belive that helping others acheive their goals will pay back big in the years to come.
… (9 comments)

As a seller, can you PLEASE offer me some creative options - 02/11/10 01:07 PM
Quite often I am asked by future sellers for a list of options that are available to them. To me this translates into a cry for HELP. After explaining the laws of Agency, and asking them a dozen or so questions regarding their current financial status, objectives, & ability to pay the mortgage.....I try to think outside the box and give them some creative solutions. Yes, I tell them to consult their attorney,  CPA, and financial  advisor as well. Some solutions include the following:
•       Sell it
•       Hold it
•       Rent the property
•       Create a group house
•       Deed … (1 comments)

Foreclosures expected to spike in 2010 - 02/03/10 05:45 AM
I do not want to focus on the negatives and pain that currently exists across the country. But I do have to acknowledge that it exists and look for possible solutions.  Many families have simply thrown up their hands and have given in to what seems to be the inevitable loss of their home.
Short Sales and foreclosures do not ultimately have to be the outcome. 80 % of all loans written in the past decade contain RESPA violations. These violations do not make the loan contract void but allow a professional to use leverage with the lender when attempting a … (8 comments)

 
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Tim Bray B.S. Real Estate (UConn)

Mystic, CT

More about me…

Sotheby's Intl Realty (William Pitt)

Address: 21 E Main St, Mystic, CT, 06355

Office Phone: (860) 245-9200

Cell Phone: (860) 912-7137

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Tim is a trusted Real Estate Advisor and leader for SeaPort Real Estate Group at William Pitt – Sotheby’s International Real Estate. In addition to 14+ years of professional experience, Tim is only 1 of 2 agents in the region with a 4 year degree in real estate and urban economics. While earning the distinction of top 5% in sales volume in the area, Tim has built a clientele both locally and internationally without parallel. He has attracted these clients with a unique combination of service, integrity and hard work. With Tim you will find a person who listens to your requirements and develops a personalized plan to achieve your goals. In short, Tim represents sellers and buyers in the most desirable areas of Southeastern Connecticut with skill, marketing savvy, dedication and the highest degree of professionalism. Areas of Expertise Chartered Real Estate Agent | SeaPort Real Estate Group at William Pitt – Sotheby's International Real Estate | Stonington office, Tim is a very active realtor who commands a substantial market share of the high-end residential real estate business in Southeastern Connecticut. He represents buyers and sellers of some of the most expensive and prestigious homes in Mystic Country and surrounding areas. In addition to the deposition and acquisition of luxury properties, second homes and rentals units, Tim possesses intimate knowledge and familiarity with the areas resorts, land development, apartment and commercial real estate markets. Education and Experience Tim is a Maine native who has been involved in real estate all his life and subsequently received his degree in Real Estate & Urban Economics from the University of Connecticut (Uconn). As a true professional, Tim’s creativity, experience, and education have enabled him to become a real estate expert and thrive at William Pitt – Sotheby's International Real Estate. Tim is a master marketer, leveraging the latest and most useful technologies and a prolific networker whose goal is to increase the revenue streams of those within his sphere of influence. Tim also specializes in Strategic Planning, Comprehensive Market Analysis, Property Valuation, 1031 Exchange and Investment Brokerage. Previously, Tim worked as a Director for Costar.com where he developed 15 national markets and helped build the company into the largest commercial real estate research, marketing and information service in the United States.


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