If you are thinking about becoming a first time home buyer you may be familiar with the term, "mortgage contingency." Of all the things you should know about financing a home, this is it. A mortgage contingency is a provision in your purchase agreement is that allows you to extract yourself from the purchase should your mortgage not be approved. But I'm pre-approved you say? Indeed you may be. But a pre approval is simply the banks cursory look into your...Continue Reading!
For a myriad of reasons, there appears to be a glut of inventory in the towns of New Canaan and Darien CT. This is affecting all price points from entry level around $750,000 to direct waterfront in the multi million dollar category. There seems to be no particular reason for the flood of homes on the market and while sales are at a steady pace from last year, there is a ton to choose from if you are a buyer. Sellers are...Continue Reading!
" I hear the market is up". This is a refrain I hear almost every day from other agents,managers and media. There are many ways to measure a market.The stock market for example can be looked at as a function of the S&P, various business sectors or as individual company stocks. The same is true in real estate markets. From time to time, I publish local Darien,New Canaan,Norwalk and Rowayton real estate statistics. They all point to various measures of the local...Continue Reading!
The first quarter looks very strong in Darien,CT. Homes sold versus 2015 are up almost 38% and the average price here is a whopping $1.9 million a big increase due to some very large sales right after the New Year. There are homes in all price ranges still out there, including the most popular price point of $700,000 to $1,600,000. Sales started early this year owing to an mild winter and a good early inventory. As always, if you're not sure...Continue Reading!
This happens very rarely that a great rehab property comes on the market in Darien CT. When it does, its usually in a marginal location. This one is located on a great street and is zoned to redo the house as is or expand. At 625K, it has tremendous potential. Contact me directly for a showing and more details at 203-554-0951Continue Reading!
As promised I have recently listed 23 Crimmins Road in Darien ,CT. There is huge bang for the buck in this home, no small feat in the town of Darien where small homes usually come with big price tags. 23 Crimmins Road is located in the Noroton neighborhood of town and is in the Hindley School District. Its about one mile to the Noroton Heights,Metro North stop and is located on a quiet and private cul de sac. There are four bedrooms,...Continue Reading!
The common wisdom is that the Connecticut real estate is a seasonal and largely springtime phenomenon. Not so. While the majority of homes wait for the ice to melt and the dogwoods to bloom, people need and want to sell their homes all year round. And autumn is no exception. The New England fall days are some of the prettiest for the Connecticut real estate market. Listings are continuing to come on the market albeit at a slower pace. But the selection...Continue Reading!
I was in New York City with a number of agents from Sotheby's affiliates in Westchester and points north in CT. The Westchester market is booming with Hudson River towns on both sides of the River seeing rising sales. I'm told the attraction is a more "Brooklyn" compatible vibe. More artsy, laid back etc. Commutes are well under an hour to Grand Central too. That said at $30,000 per million dollars of home value in taxes, I question whether CT isn't clearly...Continue Reading!
Labor Day is in the rearview mirror and we are now entering the short but sweet Darien Fall Real Estate Market. Generally weaker than the spring in the number of listings, it hits like a summer storm,it passes very quickly. It only lasts around eight weeks.That said, you are more likely to find a bargain in the fall than spring because homeowners are facing upkeep on their homes through the long winter. That can mean, heating,plowing and extra mortgage payments if they've...Continue Reading!
Looking to make a move to the Fairfield County area but don't know who to trust? There are tons of Realtors out there with varying degrees of experience and expertise. You want someone who has seen and navigated through a lot of different markets and transactions. As any real estate agent will tell you, EVERY transaction is different and it takes years to accumulate great knowledge and experience. There is market knowledge, transaction knowledge, customer care, mortgage knowledge, local connections and so much...Continue Reading!