Glastonbury, CT

Most buyers are especially anxious about financial surprises during the first months of homeownership. What if the pipes leak, the refrigerator dies or the boiler self-destructs? None of these events are happy moments for any homeowners; for new homeowners on a tight budget, any of these mishaps could create extra financial pressure...

The home warranty is an insurance policy which protects the new owner of the home for the first year of ownership. If a covered appliance or home system breaks, the owner calls a 1-800 number, pays a deductible ($75 to $100), and has the satisfaction of having the problem remedied at no additional cost to them.

I have heard reports that this logical approach to protecting against the unknown (at a cost of roughly $500 for the year, paid at closing) is used in the majority of home sales. Unfortunately, these policies are not used as frequently in Connecticut.

Many of my clients have had excellent experiences with having anything from minor plumbing leaks to major boiler repairs completed. The warranty may be paid for by either the seller or the buyer. If the seller chooses to purchase this policy, they can also purchase protection for themselves during the marketing period of the listing (and not actually have to pay for this coverage until the closing!).

I believe these policies should be used more often in Connecticut, so I mention the option to sellers and buyers at least twice (when we meet initially and again as we are about to negotiate price, terms and inspection results). I would rather explain the option and have the seller turn it down, than neglect to do so and have the seller's hot water tank spring a leak the week before closing...

For Hartford County real estate information, contact Brent to benefit from his 20 years of experience by visiting www.BrentSellsCThouses.com.

My company, Glastonbury Home Staging, was recently hired by Pristine Mortgage of Glastonbury, CT to stage this newly renovated split contemporary. It has a great open floor concept that is perfect for today's lifestyle. It is almost like new construction. It has a completely new kitchen with stainless steel appliances, newly remodeled bathrooms, new tile floors, new hardwood floors, new light fixtures, new carpeting and all freshly painted! it has 2 custom fireplaces and a heated sunroom. It is move-in ready.

The listing agent for this property is Tom Evans, Century 21 Clemens & Sons Realty, (860) 659-4000, TommyEvans@aol.com

I really love staging vacant properties, there's nothing like a blank canvas! Take a look:

Glastonbury Home Staging is a full service staging company. We stage vacant and model homes as well as owner occupied. We provide redesign services for both residential and business spaces. Call us today to help you sell your listing faster and for more money. (860) 430-9496 http://glastonburyhomestaging.com

Credit Repair in Glastonbury CT

National Credit Fixers: 330 Roberts Street 4th Floor East Hartford CT 06108 phone: 860-282-6181 www.nationalcreditfixers.com National Credit Fixers boasts of 12 years experience repairing low FICO scores. Whether your credit has been damaged by a foreclosure, bankruptcy, slow credit, collections, judgments, repossessions, etc. we can help. We are the experts in credit restoration and credit repair.

We have helped numerous residents in Glastonbury CT repair and restore their good credit standings. We have corrected and or deleted every type of credit account. When you want your credit score improved in a timely and efficient manner call National Credit Fixers at 860-282-6181.

Average FICO score increase in 6 months: 50 points

Score increase in 35 days

10 points or more 93%

20 points or more 71%

50 points or more 20%

100 points or more 10%

Score increase in 90 days

10 points or more 97%

20 points or more 82%

50 points or more 35%

100 points or more 20%

There are too many factors that make up the credit score, so it is impossible to give you an accurate prediction of how much your score will increase. Since we do not know for sure which inaccurate items we are going to get removed, it is nothing more than a guess for us to tell our client how much their score will increase.

Matt Listro

Toll Free: 888-NCFIXER (623-4937)

Toll Free Fax: 888-FAX-4020 (329-4020)

Local: 860-282-6181

330 Roberts Street 4^th Floor

East Hartford, CT 06108

www.nationalcreditfixers.com

The Glastonbury market median sales prices were virtually unchanged from 2007 to 2008, moving from $390,000 to $388,000. The number of houses closing decreased by about 15%, from 374 sales in 2007 to 316 sales in 2008 (based on Multiple Listing Service statistics as of January 31, 2009). For the successful sales in 2008, median days-on-market was just 43---well-priced & well-marketed homes continued to sell! The median list price of sold properties remained at $399,900 for both years. The range in prices buyers paid to live in Glastonbury in 2008-- $150,000 to $2,100,000.

As January 2009 comes to a close, there are 133 single-family homes available to purchase. The prices range from a low of $194,900 for a 2 bedroom, 2 bath (1,702 sf) home at 575 Goodale Hill Road to $5,999,000 for a 5 bedroom, 8.1 bath (12,872 sf) home at 392 Woodland Street. The median-priced property is new construction on the New London Turnpike: 4 bedrooms, 3 baths & 2,433 sf offered at $489,900.

Currently, there are 36 houses under contract in town. The highest-priced is lot 2, Charlton Drive, with an asking price of $982,100 (5 bedrooms, 3.1 baths, 4,522 sf). The median is 73 Woodfield Crossing, priced at $329,000 (3 bedrooms, 2.1 baths, 1,750 sf). The lowest-priced is 194 Weir Street, asking $199,900 (3 bedrooms, 2.1 baths, 1,128 sf).

For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or by email (brentbell@remax.net). You can find this blog directly by visiting www.MyCTRealEstateBlog.com.

If you want the approximate value of your home, and are not ready to be contacted by an agent, visit www.MyHartfordAreaRealtor.com . Fill out as much detail as possible about your house. Brent will respond by email only (unless you request a phone call) with an estimate of your home's current value within 24 hours of your request!

Glastonbury Market Report for Last Quarter and 2008 Comparison to 2007

Residential

9/1/2007 -12/31/2007 compared to 9/1/2008 - 12/31/2008

Comparing the last quarter of 2007 to 2008 there was not too much change as far as number of sales. There were 94 in 2007 compared to 91 in 2008. Median sale price was down 7.7%, from $370,000 in 2007 compared to $345,000 in 2008. Days on the market went from 39 in 2007 to 34 in 2008. This figure can be deceiving though , since it does not take into account homes that were on the market and expired and then relisted.

1/1/2007 - 12/31/2007 compared to 1/1/2008 - 12/31/2008

Looking at comparisons for the year, sales were down 15.6% from 2007. In 2007 there were 374 closed sales and in 2008 there were only 316 closed sales. Overall prices were only down about 1% from a median price of $391.450 in 2007 to a median price of $388,000 in 2008.

Compared to the rest of the country the residential market does not look too bad for Glastonbury. Right now inventory is way down, probably because of just getting past the holidays. There are 142 homes on the market as of this day.

Condominiums

9/1/2007 - 12/31/2007 compared to 9/1/2008 - 12/31/2008

Comparing the last quarter of 2007 to the last quarter of 2008 there was not a major change as far as number of sales. The last quarter of 2007 had 34 closed sales and in 2008 there were 28 closed sales. The median sale price actually went up about 1% from $199,500 in 2007 to $202,450 in 2008.

1/1/2007 - 12/31/2007 compared to 1/1/2008 - 12/31/2008

Looking at comparisons for the year, in 2007 there were 155 closed sales compared to 96 in 2008, a drop of 31.9% which is pretty major. Median sale price actually went up about 1%, from $197,000 in 2007 compared to $199,950 in 2008. Days on the market were up slightly and overall condos are selling for about 97% of their final asking price.

Do not be fooled reading this report though, since in order to sell your home the correct pricing is still crucial. What this report does not show you is the number of homes that have been on the market for more than 6 months and the number of price adjustments they have gone through. For the homes under deposit right now the median days on the market have risen to 74.

For more information about the Glastonbury market or about Glastonbury, Ct please visit my website at http://www.Ct RealEstateCorner.com.