Michael (Mike) Conkey

Greetings!

Here's another resource for information on me and the other business areas I focus on in conjunction with my real estate efforts.

As I continue to expand beyond my real estate activity, my day-to-day business responsibilities include more and more involvement in my Internet-based businesses. One such expanded effort includes my independent representative activity with a valuable service for businesses needing to expand their business and exposure on the Internet - check out CTPhoneBook.com, tell them Mike sent you and when you sign up for one of the services, be sure to mention PROMO CODE 0139 to receive 3 free months of service. Your advertising is available 24 hours per day, 7 day per week, 365 days per year - and you can change your message at a moments notice to take advantage of the latest activity, trend, market conditions and more. For a quick overview, you can visit my site CTWebCenter.com - http://ctwebcenter.com/marketyourbizhere.htm or go directly to http://ctphonebook.com (and don't forget to mention PROMO CODE 0139 when you sign up for one of the adverstising packages). If you are located in Connecticut and would like to have a demo and discuss advertising on CTPhoneBook.com, be sure to contact me at ctphonebookrep@ctwebcenter.com

As we enter into yet another challenging few months ahead, I hope we all will do our part to "pay it forward" by helping each other when we need assistance servicing our customers who need to relocate to another part of the country or abroad.  Knowing that we have reliable resources in the real estate and financial business arena will be ever so important as we do our utmost to help those customers and clients who simply do not have a choice but to relocate due to financial burdens, job security, or for other personal or family reasons.

As noted in an earlier post, it is worth repeating: Real estate and related professionals servicing real estate buyers and sellers throughout the United States, Canada, and internationally, I welcome your reaching out to me or others at the Ridgefield, CT Keller Williams Realty office to help with your clients' needs.

We have a strong professional staff and dedicated real estate specialists ready to help you and your clients who may be looking to move into the Ridgefield or greater Danbury area of Connecticut. And, for those situations where you need additional assistance for your clients needing assistance in selling their existing home or condo, please keep us in mind, we would be pleased to help them as well.

"Pay it forward" - here's what's posted at Wikipedia.org

http://en.wikipedia.org/wiki/Pay_it_forward

...by the way, the founder of Wikipedia.org, Jimmy Wales, has a post requesting donations. What a great way to Pay it Forward!

http://wikimediafoundation.org/wiki/Donate/Letter/en?utm_source=2008_jimmy_letter&utm_medium=sitenotice&utm_campaign=fundraiser2008#appeal

Greetings readers, I hope you all have had a wonderful Thanksgiving holiday with your family and friends.

I wanted to add a quick post regarding my recent move to the Keller Williams Realty office in Ridgefield Connecticut. I look forward to continuing my real estate career with the great team at Keller Williams Realty.

For those buyers and sellers needing real estate assistance, please check out our services at Keller Williams Realty. You can learn more about the Keller Williams team and me at my web site: http://GreaterDanburyRealty.com.

Real estate and related professionals servicing real estate buyers and sellers, I welcome your referrals, and welcome you reaching out to me or others at the Keller Williams Realty office to help with your clients' needs. We have a strong professional staff and dedicated real estate specialists ready to help you and your clients who may be looking to move into the Ridgefield or greater Danbury area of Connecticut. And, for those clients of yours who may need assistance in selling their existing home or condo, please keep us in mind, we would be pleased to help them as well.

Regards,

Michael (Mike) Conkey
REALTOR®
Keller Williams Realty
404 Main St.
Ridgefield, CT 06877
Office (203) 438-9494 x270
Fax (203) 438-9996
michaelconkey@greaterdanburyrealty.com

http://GreaterDanburyRealty.com
http://CTRealEstateServices.com

As we are all aware there are unfortunately a number of folks that are finding themselves in situations where there are no good alternatives to keeping up with their mortgage payments and end up in foreclosure.

On the other side of the foreclosure situation, there are individuals and organizations that can and are taking advantage of reduced home prices here in greater Danbury, Fairfield County, Connecticut and the surrounding towns.

A recent experience on a very aggressively priced bank-owned property shows just how much activity is out there in this market where buyers are looking for bargains, have the financing pre-approved or have cash in the bank, and can quickly close on a purchase. The property that we submitted our client's very well positioned offer (pre-approved with excellent deposit and ability to close quickly) ended up with 9 offers being submitted! Nine! Of the nine, we later learned that at least two were cash offers. The bank went with a cash offer.

A similar situation happened recently on a nice home in Bethel (not a foreclosure or short sale). It had been on the market for over 80 days, had a price change in early January, and within 24 hours of viewing the property and my clients making an offer, there were 2 earlier offers already presented to the seller. The sellers held their ground, forced a "highest & best offer" situation, and ultimately declined all offers and put the house back on the market holding to their somewhat high price for this market. (They eventually did accept an offer - details pending).

Based on my own very recent experience (and I'm sure many others reading this post), those of you looking to buy and are in a financial situation that you can quickly close a deal -- do NOT delay your decision any longer then you absolutely need to. If you do, you may find yourself in 3rd, 4th or worse position of offers that the seller is reviewing and holding out for the "highest & best" offer they can get.

Properties that are well priced, below the market price for similar homes, are moving. This includes homes that are not staged, have not been updated since they were built, or have had minimual upgrades done. One market example - we are seeing houses in the $250,000 to $350,000 range with a lot of action in this area of Fairfield County.