Hartford County, CT Real Estate News

By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Southington CT 2023 Year End Real Estate Market AnalysisThe year 2023 was an unusual year for so many reasons.  With the pronouncement of the pandemic back in mid February of the 2020, the world watched in disbelief as the virus spread at an incredibly fast pace and affected all ages all over the world.As business ground to a slow halt, it was a matter of where one could go and how safe would we be.  In the world of real estate, the exuberance of the business that had started in 2019 started to slow the enthusiasm as people became wary of venturing into homes not knowing who was there or their health. Likewise, sellers were wary of having people come into their homes and possibly bringing in a bacterial issue that would infect their families.In spite of this, after a brief pause the mar...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Back tax relief is a lifeline for individuals and businesses burdened by unpaid or delinquent taxes. As tax relief professionals, we understand that navigating the IRS maze of complexities of back taxes can be overwhelming. In this article, we'll provide an in-depth perspective on what back tax relief is, its significance, and how it can transform your financial outlook. Contact our office today at 860-580-5183 to understand how exactly back tax relief pertains to your situation. What Are Back Taxes?Back taxes, sometimes referred to as delinquent taxes or tax arrears, are taxes that have not been paid by the due date. They can result from various factors, including underreporting income, failure to file tax returns, audit assessments or disputes with the IRS over tax liabilities. Regard...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
The IRS is known for its formidable reputation when it comes to collecting taxes and pursuing non-compliant taxpayers. However, there are common misconceptions about the extent of their powers and the severity of the tactics they can pose. In this article, we'll shed light on some common IRS tactics and what the IRS can actually do, providing valuable insights from a tax relief professional's perspective.If you have dealt with any of the common tactics listed below, contact our office today at (860) 580-5183 for a free, no-obligation consultation to review your options. Tactic #1: Seizing Your Home or AssetsOne of the most feared IRS tactics is the potential seizure of your home or assets. Many taxpayers worry about losing their property if they owe back taxes.Reality: While the IRS doe...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Tax issues can be complex and overwhelming, and when you find yourself facing IRS problems or unmanageable tax debt, it may be time to seek assistance from a tax resolution professional. Tax resolution professionals can help individuals and businesses navigate the intricacies of the tax system and find viable solutions to their tax challenges. In this article, we will explore the key indicators that signal when it's time to reach out to a tax resolution professional for assistance.Note: If any of the reasons below apply to you, contact our office today at 860-580-5183 for a free, no-obligation consultation to review your options. Overwhelming Tax DebtOne of the most significant indicators that you should contact a tax resolution professional is when you are burdened by substantial tax d...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Closed a Warm, Southington CT Ranch A listed and sold Southington CT ranch style home, that offered a lot to it's previous owners and even more to its new owners.I had helped the previous owners when they bought the house 9 years go. Forced to relocate to help an ailing mother, they called me to list the house.A meeting was set to review the home and determine what needed attention to maximize value. Three weeks after that first meeting we were on the market, and 2 weeks after that we were under contract.The new owners are a young couple, and this property sits near the 3 major schools in Southington.Better for them as first-time home buyers, was a CT FHA Program, called Time to Own that offered a $50,000 grant, completely forgiven after 10 years.The sellers have relocated to Florida bu...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags in Southington CT  Calendar House Senior CenterAround the corner from a listing of mine is a facility that always has a jammed parking lot. It's location is perfect as it is so close to 2 large 55+ senior housing complexes.Calendar House on Pleasant St in Southington CT is a community gathering and resource center for 55+ adults in Southington CT.It is an impressive building and just aside the main entrance stands a flagpole.Seniors are a generation of people that truly recognize our nations banner and for those that have served, it gets an acknowledgement as they pass.I am getting to believe that the flag guardians know my intent as it was a rather calm day and yet when I wanted a gust of wind, I got enough to allow the banner to unfurl and wave for me.An image like this j...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Southington CT Open House      Sunday Oct 1, from 1 PM to 2:30 PM           29 Sun Valley Drive, Southington CT 06489                    MLS# 170598102 An Open House event on a home with space galore and a yard offering privacy and room to play. 2 full baths, and 2 half baths. Plenty of closet and storage space; central air. New roofing and siding within the past 3 years. Solar panels for electrical economy. A Special Home OverviewMapsPhotosFeaturesNeighborhood $410,000 Single Family Home Main Features 3 Bedrooms2 Full Bathrooms2 Half Bathrooms1 UnitInterior: 1,418 sq ftLot: 0.63 acre(s)Year Built: 1978MLS #: 170598102 Location 29 Sun Valley DrSouthington, CT 06489USA     Edward A Silva Mapleridge Real Estate(203) 2060754easilva48@comcast.nethttp://www.edsilvactrealtor.com   Listed by: ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags in Southington CT Depaolo Middle SchoolI am always looking for our flag, and do make a point of stopping if I see one. I do allow extra time for road distractions, so I wasn't late.This flag was flying proud and was almost in the back yard of the listing I was going to, so it was an easy stop.The building is the assembly hall for Depaolo Middle School in Southington, CT. It is also clearly visible for the road better than 1000 ft away so how coo to drive into school and see our flag.It was a breezy day, so my wait was almost nil, and as it was so pleasant, I took a second shot for appreciation.I do like seeing our flag waving proudly in the breeze and in front of a school starts a mindset for the attendees early.Friday Flags in Southington CT Depaolo Middle School
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags in Southington CT Spring Lake VillageWhile showing a client a condo in Spring Lake Village earlier this week, I had to pass the community center.Adjacent to the lake where the flag poles and there was just a small breeze, and the flags were barely moving.I didn't have time to stop but was determined to come back before I left the complex.  On the swing back, I parked and walked closer and just stood and whispered for a breeze that would give me the shot I wanted. Within minutes, my wish was granted, and our flag waved a thank you to me for waiting.The buyer is still deciding but most likely will come back as Spring Lake Village is one of the finer 55+ communities in the area. There are over 600 units, but they are so spread out as to not feel congested. I'm sure the residen...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
The gig economy has been around a lot longer than the term, which was coined in 1915, according to some sources. While the gig economy has been growing for decades, the pandemic saw a boom in the number of traditional 9-5ers shifting to self-employment and business ownership. The IRS has noticed the shift to gig work, freelancing and self-employment, and their auditors and agents are increasingly focusing on those brand-new small business owners. Taxpayers, holding a traditional job that issues a W-2, have less than a 1% chance of getting a notice from the IRS; the audit rate is on the rise for small business owners. And if you work in the gig economy that means you too.The rising audit rate for small business owners is certainly cause for concern. If you’re being audited by the IRS or ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags in Southington CTThis week, my flag sight caught a waving banner on the town green in Southington CT. It was proudly waving atop a tall pole along with a flag for missing POWs.For 2 weekends at the end of September, there will be thousands of people walking along these streets for the Southington CT Apple Harvest Festival. This should be their 55th year. There will be a full schedule of events including a parade. My favorite will be the apple fritters that will be sold daily.Friday Flags in Southington CT
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags: A Place of Honor in Central CTOn a drive, in state this week, a sign made me take a detour to a memorial I have seen many times in the past. The signpost read Iwo Jima Highway, and I remembered the Iwo Jima Memorial that occupies a place of honor near the campus of Central CT State University.I don't know how accurate the sign may be that describes it as a National Memorial, but the base of the statue shows the names of the Connecticut servicemen that lost their lives on Iwo Jima during World War II.The battle to take the islands was the fiercest in the pacific and cost almost 7,000 US marines and Navy personnel.At the end of the battle, a squad of Marines raised the flag atop Mt Suribachi, which was the inspiration for the completion of the battle.There wasn't much wind, ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Neglecting to pay your taxes can lead to serious consequences, and one of the most severe repercussions is the federal government filing a legal claim against all your current and future property through a federal tax lien. In this article, we'll break down what a federal tax lien is and provide guidance on what steps you should take if you receive a certified letter indicating that you have one. Please note that it's always advisable to seek the assistance of a specialized Tax Resolution Professional who can negotiate with the IRS on your behalf. If you'd like to schedule a free and confidential tax relief consultation.   What is a Federal Tax Lien? A federal tax lien is a document filed with a county government (usually where you reside or conduct business) to notify the general publ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Few things in life are as daunting as owing money to the IRS. When that notice arrives in your mailbox, it's easy to panic and do nothing. But every day you delay acting, interest and penalties continue to accumulate, potentially causing your liabilities to skyrocket and wreak havoc on your financial stability. In this article, we'll discuss one of the many available options for tax relief called an "Offer in Compromise." But before we delve into that, if you're facing a tax problem, get in touch with our firm to schedule a consultation. If you owe back taxes to the IRS or have unfiled tax returns from previous years, you may qualify for programs that make it easier and faster to pay what you owe. One such program is the offer in compromise, which allows eligible individuals to settle t...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Proper tax planning is a crucial aspect of financial management that you should be addressing throughout the year. Waiting until April to assess your tax liability is a risky move. To ensure you keep more money in your pocket, it's essential to be aware of factors that can unexpectedly raise your taxes. Today we will explore five key factors that could potentially increase your tax owed at the end of the year. By being proactive and considering these factors, you can better plan your finances and mitigate tax surprises. Factor #1 - Cashing in Your Retirement Plan:Early withdrawal from your retirement plan, such as a 401(k), can lead to significant tax penalties. If you opt to receive the proceeds in cash instead of rolling them over into an Individual Retirement Account (IRA), you will ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Filing your tax return accurately is crucial to avoid unnecessary tax troubles. However, it's not uncommon to discover errors or overlooked information after you've already filed. Fortunately, the Internal Revenue Service (IRS) allows taxpayers to amend their returns using Form 1040X.In this blog post, we'll explore how amended tax returns work, the importance of seeking professional assistance, and how our firm can help you navigate the complex world of tax resolution. Uncovering Missed Income and Deductions:Sometimes, taxpayers file their returns only to realize later that they omitted certain sources of income, such as earnings from temporary jobs or side gigs. This oversight becomes apparent when they receive a 1099 or a late W2 form indicating the income earned. Similarly, others m...
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By Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
In today's real estate market, "starter home" means something very different than it did 20 (or even 10) years ago, and finances have much to do with that. So, let's reframe your thinking around what a "starter home" is, and that's simply a great place to start! If you're a first-time buyer, consider all the other firsts you're about to take on; not having a landlord is a big one! Burst pipe? Clogged toilet? Broken major appliance?It's now on you to figure out these issues. In this case, a smaller "starter home" might be exactly what you want! #thehelpfulagent #home #houseexpert #house #listreports #homeowner #happyhome #newhomw #realestate #realestateagent #realtor #themoreyouknow #happyhomeowners #realtornearme
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By Jon Sigler, Sigler Sold Another! 860-306-8029
(Coldwell Banker Realty)
Search current inventory of Newington Condos for saleListing DetailsBeautifully Renovated 2 Bedroom Condo in Newington for sale529 Churchill Dr, Newington, CT. 06111Price: $215,000MLS number: 170559125Bedrooms: 2Bathrooms: 1.5Square Footage: 1106Call Jon Sigler at 860-306-8029 to see if this property is still available and arrange a showing. Introducing 529 Churchill Dr, Newington: A Perfect Blend of Luxury and ComfortAre you searching for a new home that speaks to your refined taste, offers luxurious features, and promises comfort in every corner? Look no further! We are thrilled to introduce our latest listing: a beautifully remodeled 2-bedroom, 1.5-bathroom condominium located at 529 Churchill Dr, Newington. This stunning property is the epitome of elegance and modern living, and is ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
 It's no secret that millions of taxpayers struggle to pay their taxes. The IRS is unyielding when it comes to collecting money, they think is theirs, so if you're facing back taxes owed the federal government highly advises seeking assistance as soon as possible before they resort to aggressive measures like taking money out of your bank accounts and seizing wages or property.The IRS offers several different payment plans to help taxpayers pay off their tax debt. These plans include: Guaranteed Installment Agreement: This plan is available to taxpayers who owe $10,000 or less in taxes. The taxpayer must agree to pay the debt in full within three years and must have filed all required tax returns. No financials are required. Streamlined Installment Agreement: This plan is available to t...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Tax season can be a time of great anticipation for millions of Americans with dreams of a nice, big, refund check coming soon. Yet this year, many Americans may find themselves surprised and coming up short on their refunds.Many taxpayers have been shocked to find that this year, instead of a big tax refund check arriving in the mail, they are being saddled with an unexpected bill from Uncle Sam. The combination of recent tax law changes and updated employer withholding tables has left individuals scrambling to figure out how to pay for their new IRS obligations due at filing time.If you're worried about a looming tax bill, never fear. There are measures you can take to ensure that your taxes don't unexpectedly balloon. From budgeting tips to what do when the worst happens, these strate...
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