Tuesday, March 13, 2018

Homes in your area are in demand

Spring is coming and will mean more competition for your home.  Get it on the market now to get serious buyers who are looking every day!

Visit https://bhhsne.findbuyers.com/robertrosa for an instant valuation analysis and buyer demand report.

 #caringagent #wethersfield #rockyhill #glastonbury #hartford #manchester #windsor #bloomfield #newington #cromwell

Saturday, January 20, 2018

Did you know that homes sold for 6.76% more in CT last quarter?

You can get a FREE report with all YOUR TOWN'S real estate sales info and trends. Visit https://robertrosa.bhhsneproperties.com/market-trends

Connecticut 2017 Year End Market Report Summary

Connecticut sales were down by 1.99% in the fourth quarter, however, average price increased by 6.76% to $344,218. Days on market for both single family homes and condominiums increased by 9.41% and 2.13%, respectively during this fourth quarter. Condominium sales surged in Windham, Middlesex, Hartford and New Haven Counties with corresponding increases in pricing – showing demand for lower maintenance living across the state. New building permits continue to decrease, with 10.87% fewer permits issued as of November 2017 when compared to 2016. Types of permits are still split evenly between single family homes and buildings with 5 or more units. Luxury home sales – those sold for over $2 million – saw continued increases with 7.83% more sales (115) in the 4th quarter when compared to 2016. 22 of these sales were over $5 million, compared to only 7 sales in the last quarter of 2016. Year over year, there were 10.30% more luxury sales at an average price of $3,613,098. Over 90% of the luxury sales in Connecticut took place in Fairfield County during 2017.

Cumulative data showed a strong year overall. In 2017, sales increased by 3.00% to 45,067 for the state (single family homes and condominiums combined). The average price was $349,077, a 3.71% increase when compared to 2016 and days on market dropped from 2016’s 139 days to an average of 83 days. New listings are down 4.82% year over year, making 2018 an opportunity for homeowners to list their home.

The most significant issue sellers and buyers need to be aware of is the new tax bill. It is too early to tell how it is going to impact the state of Connecticut but it will be a variable for the housing market in 2018. Regardless of the implications, move-in-ready homes and those within walking distance to shops and restaurants will remain front runners in the 2018 market.

If you have any questions regarding this report or real estate questions in general, Berkshire Hathaway HomeServices New England Properties Realtors®, Rob Rosa at 860-558-2122 or robrosa@bhhsne.com, is here to help you navigate the current market with expert knowledge and exceptional service.
To get YOUR TOWN'S specific data and trends visit https://robertrosa.bhhsneproperties.com/market-trends 

Monday, January 15, 2018

How many homes on the market during the busiest listing month?

How many homes were on the market in May (the busiest listing month) last year?  Wow!  #caringagent

Thinking of Selling? Now is the Perfect Time

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.
The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2017. Here is a graphic showing the results:
Thinking of Selling? Now is the Perfect Time | MyKCM
The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,680,000.

That number spiked to 1,970,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Tuesday, January 2, 2018

Why Bother?

Sometimes we all think...why bother? In a moment of inspiration I am thinking it's because we are all connected. Whether through our souls, spirits or what ever you might say...we are all connected and effect each other. Do what needs to be done, the right (kind) way to help someone in a caring way. You will be amazed how we can all help each other smile a little more in today's world. What you do does make a difference.

Wednesday, December 20, 2017

3 Bedrm House For Rent

This gorgeous 3 bedroom split level home is for rent for only $1650. It will not last long. It is a split level with 3 bedrooms, 2 and a 1/2 baths, hardwood floors, fireplace, stainless steel appliances and a large level yard. Please contact Rob Rosa at 860-558-2122 for a showing today.

3 Craigmore Rd, Bloomfield, CT


This is an exclusive listing. Courtesy of Rob Rosa of Berkshire Hathaway HomeServices New England Properties. Our office address is 1160 Silas Deane Hwy, Wethersfield, CT 06109

Tuesday, December 19, 2017

Ready for eggnog?

Courtesy of Rob Rosa
Caring, Experienced and Motivated Real Estate Broker
Berkshire Hathaway HomeServices New England Properties
1160 Silas Deane Hwy #101, Wethersfield, CT 06109

Thursday, December 14, 2017

Should Boomers Buy or Rent after Selling?

Should Boomers Buy or Rent after Selling? | MyKCM
In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home.
“Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent...
Meanwhile, more than 5 million baby boomers across the nation are expected to rent their next home by 2020, according to a 2016 analysis from Freddie Mac.”
This makes sense in the short term for many reasons. If you are moving to a different part of town or a new region of the country, you may decide to rent until you pick the perfect home in an area you love. However, is renting a good long-term strategy?

A mortgage payment remains fixed. Rents, however…

The Census Bureau recently released their 2017 third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:
Should Boomers Buy or Rent after Selling? | MyKCM
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether you should rent or buy your next home, you should take this into consideration.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home instead of renting. Let’s get together so we can help you decide what the best step is for you and your family!

Rob Rosa
Call or Text me to set up an appointment at 860-558-2122
Email me at robrosa@bhhsne.com
Visit http://CTRealEstateSelling.com to learn more!

~ Courtesy of Keeping Current Matters ~

Sunday, December 10, 2017

3 Tips for Making Your Dream of Buying A Home Come True

3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]

3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.”
  • Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.
  • Living within a budget will not only help you save money for down payments but will help you pay down other debts that might be holding you back.
~ Courtesy of Keeping Current Matters ~

Tuesday, November 28, 2017

How much of an impact would rising interest rates have if you planned to purchase a home? See chart...

Low Interest Rates Have a High Impact on Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.
The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments between $1,850-$1,900 a month.
Low Interest Rates Have a High Impact on Your Purchasing Power | MyKCM
With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard-earned money.


Sunday, November 26, 2017

Access is an Important Factor in Getting Your House SOLD!

Access is an Important Factor in Getting Your House SOLD! | MyKCM
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.
There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
  4. By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.
In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.


Monday, November 20, 2017

Things to Know, and What to Do, Before Buying a House

A real estate professional, like Rob Rosa, can help you decide upon your wants and needs.

Rob Rosa

Berkshire Hathaway HomeServices New England Properties

Direct Phone - 860-558-2122

Email - robrosa@bhhsne.com

Visit http://CTRealEstateSelling.com for more info.

Homeownership 101 | Tax Deductions for Homeowners

Ceramic Countertops? Linoleum?

Those ceramic tile countertops are just not loved anymore. Now's the time to do an update. Let me know if you need a referral. I know a great granite countertop guy!

6 Outdated Features in Your Clients’ Homes
Home buyers say they want the latest design trends in their next property—but 70 percent admit to having outdated features in their current house, according to a new consumer survey by home builder Taylor Morrison. The most common of these outdated features are:
  1. Linoleum floors (40 percent)
  2. Popcorn ceilings (29 percent)
  3. Wood paneling (28 percent)
  4. Ceramic tile countertops (28 percent)
  5. Shag carpeting (19 percent)
  6. Avocado green appliances (8 percent)

“This is why real and virtual house hunting is so popular,” says Taylor Morrison Chair and CEO Sheryl Palmer. “We all love to daydream and envision ourselves in a beautiful new environment. But keeping up with ever-evolving preferences for paint colors, home features, new technologies, and how we expect to use our homes over the years is difficult. We also know that home interior preferences vary by generation, by home style, by region, and even by city.”
Taylor Morrison found that the features home buyers say they most desire are:
  1. Better energy efficiency (62 percent)
  2. Personalized floor plans (58 percent)
  3. Easier maintenance (56 percent).
Also, the interior features home shoppers called most essential are:
  1. Wood flooring (65 percent)
  2. USB and Ethernet ports (44 percent)
  3. Whirlpool tub (36 percent)
  4. Sun room (34 percent).
Source: “Home Is Where the Shag Carpet Is?” BUILDER (Nov. 16, 2017)