1 - Market Time
"Market time is the average number of days properties that sold during the month were on the market."
Some consider real estate agents the 'keykeepers' and otherwise do a lot of nothing when working with our clients, but that is where we let our clients tread into dangerous territory. If your Realtor is doing their job, they should be anticipating problems and heading them off before you even know they were a problem - RISK MITIGATION!
A lot of this effort is thankless, and many times the client doesn't know it was done, unless it is needed at some point in the process in order to put out a fire - we have been using that term a lot lately. Instead of thinking of Realtors as fire-fighters, for a second, think of us as the smoke alarm that goes off before the fire starts. Let's jump into the practical, real-world application of this as it pertains to real estate.
The most common question we receive during a closing process from a buyer or a seller, is: How much are closing costs?
There is never a perfect answer to that question. These costs vary greatly depending on the type of mortgage, the attorney's fees, the price and size of the home, and with the lender (and your state/town/county). They can range from 2% to 5% of the purchase price of the property for buyers, and upwards of 5-7% for sellers.
The title sounds dire, but this situation warrants a warning like this. I would rather, despite the saturation of this in the news, you hear it again than not hear it at all. Read on...
Remember this as the exact moment when my two worlds collide - my real estate business and my love for food.
If you are new to Norwalk, or Fairfield County, you might be surprised with the quality of restaurants in this area. The amazing thing about the food here, is that you can find inexpensive, but high-quality food (and portions that amaze). So before you go any further in reading, please know that my priority is food quality and taste, with affordability, ambiance, etc being secondary. Also, there are undiscovered restaurants in the city that I have yet to frequent, so feel free to comment with suggestions. I have been to most of those that have been around for more than 6 months, but continue to try new things all the time!
Also, you can notice a lack of any establishments in South Norwalk (in my list) - this is unintentional, but I find the food there to be generally overpriced, and not worth the time to spend going there. Barcelona, which moved a few years ago would have been my exception. Also, with the quick turn around of restaurants down there, it's hard to keep up.
Note: I have been searching for my next great meal for many years, and Norwalk is just our starting point on this culinary journey together. I do recommend you take a look at my Yelp profile to see some of the amazing places I have eaten around the United States.
Here goes...in no particular order.
Choosing a Realtor to represent you is like interviewing a new employee for hire. It is just as important as when you hire someone to do work on your home, as you will be stuck with your decision for months and years to come. Hiring a plumber, you ask questions. Hiring a contractor, you ask questions. Why should the person you pay 5% of your(the) property's value not get the same treatment.
Welcome! This list is intended to point any likely sellers to a list of viable and ready buyers seeking property in this area. In other words, these are my REAL buyers, people seeking homes to buy. With low inventory, they are looking actively, but sometimes coming up short...this is why I am writing this blog post.
Note: I will update it as my buyers come and go from the market.
My Buyers -
All buyers want to optimize the neighborhood, unless otherwise specified, ideally seeking somewhere quiet, safe, and private.
ALWAYS seeking multi-family properties for about 5 clients at any given time. If you know of any viable Norwalk/Stamford/Fairfield multi-family that might be for sale, please let me know ASAP!
If you have or know of a home that fits any of the above criteria, let me know by calling me at 203.216.0670. Realistically, any homes in lower Fairfield County under $1,000,000 will be useful to me. As always, chatting about your situation doesn't cost you anything, and I won't expect anything either, except 5-10 minutes to chat on the phone. Thanks!
What does it mean to be a part-time or a full-time Realtor? The answer is in the Experience, Effectiveness, and Presence of who you might hire to help you buy or sell a home. There are many reasons why you should seek someone who works full-time in this business, but it might not be clear.
Many times, a personal relationship gets in the way of making sound business decisions when it comes to buying or selling - as a consequence, I have gained many new clients being present as a full-time Realtor, when their friend/family member was unable to get the job done effectively. Let's see what differentiates those who are committed full-time versus part-time in the real estate business.
Keeping up with the transparent nature of my real estate business (through this blog), one medium I have not touched upon is Email. I have educated other Realtors and clients on how to list a home, the process of listing and buying, and so much more; but across these types of interactions are the communications that tend to happen through email. This starts at first communication, usually that first communication is a thorough breakdown of the market, my marketing, the lending of resources and tools, and so much more. That is what I want to tell you more about.
My goal with this post is to show you the ways I jam pack my emails with education and value so buyers and sellers get the most out of these communications. I intend to make you understand why my emails have been complimented time and time again as being thorough, useful, and integral in the start of a long-term relationship.
Since America was first colonized in the 1600's and 1700's, the style of homes, especially in the Northeast have changed for several reasons, the economy, new immigration from other countries (i.e. new styles came, but also bigger people), and based on changing laws in local towns a cities (i.e. local zoning laws). Today, depending on where you go in the United States, you will find that real estate professionals label a home on the market differently based on your location. So in the Midwest, a cape might not even exist, and they might have something called Southern Style (who knows what that means?).
When I work with buyers, sometimes they already know the type of home they want, or more realistically, what they don't want. As you start your home search, this guide should help clear up the differences, intended for Fairfield County buyers. I might note, that some alterations or enhancements to the styles won't be covered, for example, 'European' or 'Modern', because you can have a Modern Colonial AND a Modern Ranch. We will stick to the main styles as you see them, and discuss only some variations.
We (Joe and Chris Balestriere) are Realtors in Fairfield County, Connecticut. Our blog is meant to educate buyers and sellers and equip them with tools to get the most out of their Realtor, whether it is us or someone else. We focus on technology and how it enhances the work we do for our clients--we are not top CT Realtors by accident.