About Hartford County, CT

CONNECTICUT FORECLOSURE DATA CORRECTED

02-04-08

GEENA Becker: Real Estate Agent in Avon, CT

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Office: (860) 677-4661

Mobile: (860) 983-4446

The state had 23,470 foreclosure filings last year, which RealtyTrac says represented 0.83 percent of all households. But the Census Bureau says the state has 1.43 million "housing units," so the actual rate is 0.16 percent. Furthermore, filings do not mean eviction is imminent, and not all filings involve subprime loans. Meanwhile, Countrywide Mortgage's Soft Market Index says the highest-risk counties for foreclosures are in Arizona, California, Florida, Michigan and Nevada. Fairfield, New London and New Haven counties are considered moderately low risks, and Hartford, Middlesex and Tolland low. Litchfield and Windham didn't even make the index. In Connecticut at least, this has all the earmarks of a contrived crisis.

To further add for my area which is Hartford, Litchfield,Middlesex and Tolland counties, inventories are low even though prices of houses are still correcting gently. Properties that have been on the market for a minimum of six months need to make a price adjustment right now of 10 to 12% to sell. Sellers still have a mind set that they can get what they want on the sell side and our finding out it is just not so. Sellers must adjust price downward - get the house sold and then go play ball with what they want to buy and at the same time take advantage of the low interest rates. And if a buyer signs with me to represent them in their purchase I will pay for their home inspection. It's a win win win!

Geena- 860-983-4446 or email Geena@Geena.biz

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Would you like your 3-Family with or without tenants?

02-04-08

Brent Bell, CRS, e-PRO, GRI, Hartford County

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Office: (860) 882-0414

Mobile: (860) 614-8927

Every investor hopes for the ideal tenant mix - one is home during the day to let in contractors, two are willing to shovel the sidewalk and salt the steps and all three pay the rent for the coming month no later than the first (preferably by automatic deposit to the investor's rent account)!

Good leases and credit checks coupled with strong tenant management can move most tenants on the continuum towards that ideal status (then the investor fears that their perfect tenant will become a homeowner, leaving a vacancy). A realtor will be a tremendous resource in upgrading the standard lease to protect the investor.

Some investors see existing tenants as a bonus, keeping cashflow on the property strong right from the day of closing. Other investors would rather have a month or two of vacancy to "refresh" the units and bring in tenants who will pay the going rate for rent.

Almost every investor agrees that a previous lease signed for below-market rent depresses the value of the property to them! (Hint for multi-family sellers: If you are planning in selling within the next 3 years, talk to your realtor today about improvements you should make to the building-which will be funded by bringing the monthly rent from your longstanding tenants up to market rates!!!)

My wildest low-rent situation was two 1,300 sf units on a quiet street within one block of a park which were rented out for $160 per month on the 2nd floor and $150 per month on the 3rd floor (the third floor tenant received a discount for cutting the tiny lawn). Market rent at the time was $850. These tenants both left 30 days after closing and BOUGHT their own properties!

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Marlborough Cub Scout Can Drive

01-29-08

Carl Guild - Central Connecticut Real Estate

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Office: (860) 539-5373

Pack 39 Cub Scouts of Marlborough, CT, will hold a can drive from 8-10am this Saturday,Jan 26 at the Marlborough Congregation Church, 35 South Main St, Marlborough. Bring your redeemable cans and bottles to the Church parking lot and the scouts will sort them. For more information, visit www.pack39.com

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Marlborough Vacancies on Commissions

01-29-08

Carl Guild - Central Connecticut Real Estate

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Office: (860) 539-5373

The Republican Town Committee (RTC) is seeking individuals who would like to serve as members of the town's various boards and commissions. Currently there are vacancies for alternate members of the Zoning Commission, Conservation Commission and Economic Development Commission, as well as vacancies for Citation hearing Officers. Those interested should contact RTC Chairman Ken Hjulstrom at 490-9116

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Marlborough Food Co-Op Looking For Members

01-29-08

Carl Guild - Central Connecticut Real Estate

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Office: (860) 539-5373

A non-profit buying club tied to United Natural Foods is currently accepting new members from Marlborough. The co-op has over 16,000 items to choose from (including produce), much of which is organic. Ordering software is provided and delivery is every four weeks on the Marlborough side of Lake Pocotopuag in East Hampton. Write to RSAGE35@aol.com for more information.

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