Connecticut is enjoying a buyers market right now.
The market is heating up again though so be sure to time your sale or purchase
of your home accordingly. Sellers that want to wait to put their home on the
market may find that by doing so the new home they had their hearts set on has
also gained in value and is now out of reach. Buyers have a more difficult time.
As the market returns to normal conditions they have to move quickly before the
price on the home they want escalates again beyond reach.
When was the last time you were offered up to an
$8,000.00 tax credit to buy or build
a home? This historic program comes at just the right time. Prices are low and
inventory is high. We are at the tipping point now where the inventory is
shrinking and prices are starting to edge up. The tax credit program is due to
sunset in December 2009. Don't let this opportunity slip past your home
ownership plans.
Stabilization measures for housing are starting to
take hold. Now is the time to be especially aware of market conditions as the
goal is to buy your new home at the right time. Can this action be timed
perfectly? The simple answer is "No". No matter how careful you are to buy at
just the right time you are bound to miss that buying opportunity by being out
bid by another party. The solution is to find the right home for you and then
make a reasonable offer on that home. As the up swing in the market continues
your purchase will prove to be a wise move.
Why use Prudential for all of your real estate
needs? Prudential has long been a leader in residential and commercial real
estate in Southeastern Connecticut. Knowing the market and the trends give our
customers the power to make the best decisions regarding their real estate
needs.
Prudential Real Estate of Southeastern
Connecticut opens many doors for homeowners, investors and developers.
The real estate market in Southeastern Connecticut is very diverse. From
a nice beachfront cottage in Groton Long Point to a major development in
Ledyard you can count on the Prudential Real Estate Team to both sell
your property or make your real estate purchase a reality.
Time is of the essence. Tax credit
expires December 1 this year! Act now to be able to use
this credit on your new home.
Congress Enacts
Bigger and Better Home Buyer Tax Credit
A tax credit of up to $8,000 is now available for
qualified first-time home buyers purchasing a principal
residence on or after January 1, 2009 and before
December 1, 2009. Unlike the tax credit enacted in 2008,
the new credit does not have to be repaid.
"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.
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 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
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's
Real Estate Market
