SE Ct Realtor

Connecticut has enjoyed some stability in the real estate markets. Unlike Florida or California where values outstripped logic as to home prices Connecticut only saw a slight value to price ratio imbalance which has keep things moving at a fairly even pace in Connecticut. We do see clients that are on the fence about buying a new home and some of those clients may be right but given the stability of interest rates and the market sales our belief is that prices are about as low as they will go and home lenders have rates about as good as they will get for the next selling season. Using land values as an indicator we see price concessions not being made across the board. As land is a finite commodity one would not expect the values to be much affected by market forces compared to home prices. As the demand for new energy efficient homes increases we expect the availability of land and its price to be a constant at today's values.

Tax Credit News

Only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible. Great home prices, favorable interest rates and a wide selection of homes make this a great time to buy or sell your home.

"Right now there is a shortage of commercial multifamily real estate. Builders and developers are gearing up to fill the void. Energy efficiency, green building and being first to the market place makes for the most successful projects."

What about home values? Some market adjustments have been made to adjust for sales prices based on a normal market verses the boom markets of the past. These adjustments, slow to made made at first, have now been made pretty much across the board so it appears that a floor has been established for home sales in the area and with the growing commercial community we see home values starting their way up again. That generally signals the start of the next building and real estate market growth. Time will tell.

Home Sellers should be aware of the market conditions and have a sense of the market price of their home and the speed in which they wish it to sell. Some homes have been priced very aggressively and wind up with two or three serious buyers in the first week. This is great for moving the property and becomes a realtors dream as the property moves very fast but turns out to be a disservice to the client as the maximum profit opportunity is sacrificed for the fast sale. Given the tools the real estate industry has at their finger tips it is always a good idea to let a real estate professional help establish a selling price for your home. The goal is to price the home for maximum sales price in a reasonable amount of time. Certainly if you have a job transfer to deal with you may actually want to price your home aggressively for a fast sale. Conversely if you are moving to Florida for the climate and time is not a critical path items your home could be priced less aggressively. The important thing to keep in mind is price sells. Your new black marble countertop has no value is your home is overlooked because it appears to be priced beyond similar homes in the same area. Sometimes it is necessary to price the home at a higher value than the market can absorb. In those cases marketing will need to be brought to the table to make a larger pool of people interested enough to come to an open house or schedule a private showing of the home.  There is a buyer for every home, at every price and the task at hand is to find that buyer. We often tell our clients that having twenty buyers for their home would be great but in fact there is only one property so we only need one buyer. That becomes our focus, finding that one great buyer.

 We have a nice selection of homes, condos, building lots, and development property for sale in the following towns. If you are looking to buy a new home we are here to help you.

Ledyard - Preston - Mystic Stonington - Groton - Montville -Norwich - Uncasville - Plainfield- North Stonington - Lisbon-New London - Groton Long Point - Waterford

New Listings are always needed so if you are planning to sell your home let us put the power of our professional REALTOR services to work for you. Our buyers are always looking for a good home investment or neighborhood just like you now have so be sure to give us a call.
 

Finding a REALTOR

Starting the process the first step is to find a REALTOR or real estate agent. You want to buy a new home or sell a home. That is the simple part. A REALTOR is a good member of your team to have on board sharing your goals. This saves you a lot of time and certainly helps sort through all of the properties on the market. We hope you select us but the main thing is to partner up with a real estate professional that will get you the best value and ensure that your new home has those home features that are most important to you. Location, home setting, schools, plenty of acreage or just a one acre building lot are all elements that your REALTOR will need to know about your home goals to fine tune those properties that you should see or go to on an open house and see. Buyers know the home they want to buy is out there. A REALTOR can be your best source for finding that dream home. Our job is to use the tools we have to do that home search activity for you.

We have one all ready for you !

Homeownership

Many of the people moving here for the jobs start with a rental unit and then find they want to be homeowners. House plans in hand some decide to build their dream home. Others are looking for a nice subdivision. Some are interested in multifamily, always a good investment in SE Connecticut, and others want to do the property search first before deciding on the home they want to build. If you are at any of these stages call us. We can find the property for building and have a builder base if you need to find a builder or contractor. We can also send you a CD of hundreds of house plans to use as a guide in the design of your new home.

In real estate sales Prudential Connecticut real estate is the leader in real estate listings, "new homes sales", and commercial real estate listings. When looking for a real estate broker for maximum results select the broker with the best "real estate agent" team as those real estate agents will provide you with the fastest results in a competitive real estate market.

Your real estate agent should be well versed in not only the "homes for sale" market but the luxury home real estate, investment real estate and our growing commercial real estate markets as well. Prudential's real estate agents are part of the Prudential team so by selecting prudential you get the expertise needed to accomplish your real estate goal to find your dream home, build a new business or rent the ideal home, apartment or condo. Count on Prudential real estate agents to provide you with all of your real estate information, cma (comparative market analysis), mls (multiple listing service) comparison, real estate market trends and conditions and more.

Connecticut real estate listings for "homes for sale" are many. Look to Prudential Real Estate agents as your best source to sell a home or buy a home. Make Prudential your real estate agency or broker. Prudential means "real estate" in the Northeast and Nationwide

Thank you for visiting with us. We look forward to being your Connecticut real estate source for success.

Carol Sormrude

Cell 860-303-6442

Office 860-572-9414 Ext 312

Office Address:

Prudential Connecticut Realty

62 Greenmanville Avenue

Mystic, CT 06355

November 6, 2008 Real Estate News

Buyers Credit Scores from Realtor.Org

SE CT Shoreline and Countryside Modular Homes

Before going "green" check out the high performance home features in:

Fine Home Building Magazine-Green Building

The price of energy in the Northeast has created a strong demand for highly energy efficient homes. The highest home value, resale and low cost of operation comes from today's new modular homes. To learn more just follow the links below. CT modular homes are available statewide through a network of approved builders.

Connecticut Modular Homes

Building a Modular Home

CT Modular Home FAQ