Testimony was accepted in the public hearing held February 7th on bills proposed to aid victims of crumbling foundations. Two of the bills involve the protection of homeowners with crumbling basements who are at risk of having their credit negatively impacted via a deficiency judgment under many scenarios. There was no surprise in who [...]
Real Estate legal matters
The Connecticut Foundation Solutions Indemnity Company (CFSIC) has announced a new launch date of January 10, 2019 for claim applications for Type 1 and Type 2 repairs. After a robust comment period there were changes made to the original underwriting and claims management [...]
The FSBO- For Sale But Overwhelmed
Sell your home yourself, it makes perfect sense. How hard can it be and it will save you at least the commission to the listing agent. Depending on your sales price, that could save you a nice chunk of your net proceeds. I mean how hard can it be? My neighbor moonlights as a real estate [...]
This post is not supported by knowledge of an engineering report confirming the existence of a failing foundation nor a disclosure in the MLS stating such, but by a visual inspection of the property, precipitous price drops, foreclosure, and a reduction of almost $50,000 in assessed value by the town. This contemporary cape is a 3 bedroom, [...]
Over the years I have had calls regarding selling a property that is owned by more than one heir which can present a problem when the heirs don't agree on the sale or are not all interested in selling the inherited property. I had another call recently where one of three heirs remains a hold out and they have not been successful in their [...]
In a previous post I wrote about the D.A.N.G.E.R report, D.A.N.G.E.R stands for Definitive Analysis of Negative Game Changers Emerging in Real Estate. a report commissioned by the National Association of Realtors in 2015. In the report the authors created an index called a PTI measuring the Probability (P) of the danger to happen, the [...]
From the ashes of the massive Equifax data breach of 148,000 million consumers and the Trump administration ongoing attempts to weaken or gut the Consumer Financial Protection Bureau and Dodd Frank, rises the “Trigger Lead” —your mortgage inquiry sold to the highest bidder in the shortest amount of time— to tempt you with better (or worse) [...]
And the Winner is…. Us!
Home Selling Team in Mansfield CT landed the top spot again in our 15 town region by over 100 properties sold or over 20% market share. How’d we do it?
- Grinding it out
- Slogging Through
- Blood, Sweat & Tears
- Nose to the Grindstone
- Killin’ It
Whatever you want to call it… we did it with a multi-pronged approach focused on training, synergy, service and marketing.
I recently wrote a blog post on how to help birds survive the harsh conditions and bone-chilling cold this winter. At the time, I thought a comparison could be made on how to keep agents and their clients happy, fed and protected in the harsh market conditions we experienced in Mansfield and our general market area in 2017: Declining prices, crumbling foundations, foreclosures, budget crisis, out-bound migration, Mansfield single family rentals.
A professional real estate agent working full time in real estate sales must be diligent in their business acumen and the nurturing of existing and future clients through the most favorable and harshest of climates. This can be accomplished with ease when you have a team of people to collaborate with when difficult or unforeseen problems or challenges arise. Check.
Marketing real estate is more effective and beneficial when everyone commits to brand awareness and exposure. We invest heavily in post signs, directional signs and riders and our Realtor.com position as a participating office provides us more exposure and direct leads on our own listings. Check.
We strive to get every client the best price and terms in every transaction. We strive to provide referrals of affiliates and vendors we know and trust to make a real estate transaction as smooth and trouble-free as possible. Was every client happy last year? No. There are some clients, that no matter what we do, are not satisfied with their real estate transaction or on our end, there has been what I consider to be a communication failure. Thankfully, this is rare and our client satisfaction is very high, as evidenced by our ranking, ratings and reviews both individually and office-wide. Check.
I am looking forward to a warm spring and a less challenging environment where birds and real estate agents and their clients can get a much needed respite from survival mode.
This is a re-post of a blog post I did last year on C.L.U.E. reports. I was recently asked about them so I thought I’d share this information again with a couple of updates.
If you believe like I do that insurance is only affordable if you never use it —think again. Did you know that your insurance rate on a new home can be influenced by [...]
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