west hartford real estate: West Hartford Market Statistics - 2008 Year End & Early 2009 - 01/26/09 10:06 AM
The West Hartford market had a slow start and a strong finish in 2008. There were 646 closed sales of houses recorded in the Multiple Listing Service for the year (down from 725 in 2007). One of the most encouraging numbers was the median Days on Market for these sales at 27 days. People in many other parts of the country would be amazed that half of the houses took contracts less than one month after their debut on the market!
For 2008, the median list price was $312,900 & the median sale price was $304,000. The range in sale prices for … (0 comments)

west hartford real estate: I want to buy at the bottom of the market!!! - 02/06/08 03:00 AM
Oh to have a crystal ball! The challenge with trying to buy at the bottom of any market (real estate, stock or any other commodity) it that we only know it hit bottom when the market is on its way to recovery. So the real question for a buyer is: Do I want to buy when the market is declining or recovering?
A declining market has too many sellers for the number of buyers. Sellers are more flexible on price and terms (since they are not sure where the market bottom will be), interest rates are often more favorable, and the buyer … (0 comments)

west hartford real estate: 10 Benefits of Investing in Washer/Dryer units for your 3-family tenants - 02/05/08 01:18 AM
The 3-family units commanding the best rents are 5-room units (which could be used as 3-bedroom units) which have laundry facilities in each unit. Check out the advantages to the landlord of supplying the washers/dryers:
 
10.    Reduce tenant squabbles over who borrowed detergent in a shared-basement laundry area.
 9.     Write off your appliance purchases over seven years.
 8.     Purchase them at Lowe's or Home Depot with no payments or interest for 6 months to 1 year.
 7.     Charge just as much rent on the 3rd floor since they don't have to carry laundry up & down stairs.
 6.     Restrict tenant … (0 comments)

west hartford real estate: Would you like your 3-Family with or without tenants? - 02/03/08 11:44 PM
Every investor hopes for the ideal tenant mix - one is home during the day to let in contractors, two are willing to shovel the sidewalk and salt the steps and all three pay the rent for the coming month no later than the first (preferably by automatic deposit to the investor's rent account)!
 Good leases and credit checks coupled with strong tenant management can move most tenants on the continuum towards that ideal status (then the investor fears that their perfect tenant will become a homeowner, leaving a vacancy). A realtor will be a tremendous resource in upgrading the standard lease … (1 comments)

 

Brent Bell

CRS, e-PRO, GRI, Hartford County

West Hartford, CT

More about me…

RE/MAX Premier, Realtors

Address: 75 Brace Road, West Hartford, CT, 06107

Office: (860) 882-0414

Mobile: (860) 614-8927



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